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Empirical Validation of the Global Entrepreneurship Monitor Conceptual Framework in Spanish New Technology-Based Firms | ||
| Published in: | Industry, Innovation, and Infrastructure for Sustainable Cities and Communities: Proceedings of the 17th LACCEI International Multi-Conference for Engineering, Education and Technology |  |
| Date of Conference: | July 24-26, 2019 | |
| Location of Conference: | Montego Bay, Jamaica | |
| Authors: | José Antonio Blanco Serrano (ETSI Industriales, Universidad Politécnica de Madrid, ES) Marcos Serrano (ETSI Industriales, Universidad Politécnica de Madrid, EC) Yilsy María Núñez Guerrero (ETSI Industriales, Universidad Politécnica de Madrid, VE) (ETSI Industriales, Universidad Politécnica de Madrid) | |
| Full Paper: | #319 | |
Abstract:This study validates empirically the components of the Global Entrepreneurship Monitor Conceptual Framework (GEMCF) related (1) to the educational background of the entrepreneur, (2) the society’s perception of entrepreneurship and (3) the individual’s perceived capabilities. These factors’ ability to explain entrepreneurship within a specific entrepreneurial ecosystem (New Technology-Based Firms, NTBF) is sought after. A structured methodology is designed, including the definition of components of the model to be validated, definition of observed variables of those components, data collection through surveys, and analyses of the data. In particular, Exploratory Factor Analysis for validation of chosen observed variables, Structural Equation Modelling (SEM) for validation of correlation among components (using Confirmatory Factor Analysis) and validation of causal relationships between components and entrepreneurship (using Structural Modelling) as proposed by the GEMCF have been used. Results obtained prove the robustness of the GEMCF. | ||