A configurational perspective on comparative international entrepreneurship: a new approach to examining entrepreneurial activity combining clustering and qualitative comparative analysis

What is it about?

It is not just about the economy, but how countries nurture entrepreneurial spirits. This study takes a fresh look at entrepreneurship across countries. Instead of just focusing on economic factors, it groups countries based on how supportive they are of entrepreneurs. Using data from the Global Entrepreneurship Monitor, it identifies two types of economies: 'maturing' and 'matured' entrepreneurial economies. The study then explores what drives people to become entrepreneurs in these different environments. As the key findings show, in 'matured' economies, where entrepreneurship is well-supported, people are driven by opportunity and a supportive environment. In 'maturing' economies, where there's less support, factors like personal status and overcoming fear of failure play a bigger role. This new perspective is crucial not just for understanding entrepreneurship, but also for shaping policies that truly support budding entrepreneurs. The results suggest that governments should tailor their support for entrepreneurship based on their maturity level.

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