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Nations of Entrepreneurs: A Legitimacy Perspective

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New Challenges in Entrepreneurship and Finance

Abstract

One of the objectives of any country is to improve its economy by encouraging entrepreneurial activity. To that end, states, as well as companies, must create an image of viability and legitimacy before being able to receive any support. This study suggests that a country with greater legitimacy will obtain higher entrepreneurial activity, which will be moderated by the risk perceived by entrepreneurs. Through a research carried out on the eight most populated countries of the Eurozone, the existence of a positive trend between countries’ legitimacy and their entrepreneurial activity is presented. Likewise, the study indicates that the risk perceived by the entrepreneurs has a negative relation with respect to countries’ legitimacy.

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Authors and Affiliations

  1. Department of Business Economics, Rey Juan Carlos University and European Academy of Management and Business Economics (AEDEM), Madrid, Spain

    Ana Cruz-Suárez, Camilo Prado-Román & Sandra Escamilla-Solano

Authors
  1. Ana Cruz-Suárez
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  2. Camilo Prado-Román
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  3. Sandra Escamilla-Solano
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Corresponding author

Correspondence to Camilo Prado-Román .

Editor information

Editors and Affiliations

  1. Department of Business Administration, Universitat Politècnica de València, Valencia, Spain

    Marta Peris-Ortiz

  2. Ipag Paris, Paris, France

    Jean-Michel Sahut

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Cruz-Suárez, A., Prado-Román, C., Escamilla-Solano, S. (2015). Nations of Entrepreneurs: A Legitimacy Perspective. In: Peris-Ortiz, M., Sahut, JM. (eds) New Challenges in Entrepreneurship and Finance. Springer, Cham. https://doi.org/10.1007/978-3-319-08888-4_11

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