Foreign direct investment, institutional quality, economic freedom and entrepreneurship in emerging markets

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dc.citation.epage1932
dc.citation.issue9
dc.citation.journalTitleJournal of Business Researcheng
dc.citation.spage1921
dc.citation.volume67
dc.contributor.affiliationSchool of Economics and Finance, Universidad EAFIT, Carrera 49 N° 7 Sur, 50, Medellin, Colombiaspa
dc.contributor.affiliationPino Global Entrepreneurship Center, College of Business, Florida International University, 11200 SW 8th Street, CBC 201, Miami, FL 33199, United Statesspa
dc.contributor.affiliationCider, Interdisciplinary Development Studies Center, Universidad de los Andes, Calle 18A No. 0-03Este, Edificio PU, Bogotá, Colombiaspa
dc.contributor.authorHerrera-Echeverri, Hernánspa
dc.contributor.authorHaar, Jerryspa
dc.contributor.authorEstévez-Bretón, Juan Benavidesspa
dc.contributor.departmentEconomía y Finanzasspa
dc.contributor.departmentFinanzasspa
dc.contributor.programGrupo de Investigación Finanzas y Bancaspa
dc.date2014
dc.date.accessioned2015-11-06T21:15:36Z
dc.date.available2015-11-06T21:15:36Z
dc.date.issued2014
dc.description.abstractThis study investigates the relationship between foreign direct investment, institutional quality, economic freedom, and entrepreneurship in emerging markets. The research compares the capacity and appetite for business creation among high-income, low-income and emerging countries. The results are based on a panel study of data, from 2004 to 2009 for 87 countries, using as its source “The World Bank Entrepreneurship Snapshots” to look at the connection between business creation, institutional quality, market freedom and foreign direct investment (FDI). The findings reveal a strong positive relationship between institutional quality and business generation in all three of the above categories. The freedom to create businesses and invest has an impact on business generation in emerging countries, while the influence of international trade appears more important as a spur to the genesis of business in low-income countries. Finally, there is a direct and significant relationship between FDI and business development in emerging countries. This result is consistent with “the spillover theory of entrepreneurship” (, and ).eng
dc.identifier.doidoi:10.1016/j.jbusres.2013.11.020
dc.identifier.issn0148-2963
dc.identifier.urihttp://hdl.handle.net/10784/7621
dc.language.isoengeng
dc.publisherElseviereng
dc.relation.ispartofJournal of Business Research. Vol. 67, (9), 2014, pp.1921-1932spa
dc.relation.isversionofhttp://www.sciencedirect.com/science/article/pii/S0148296313003901
dc.relation.urihttp://www.sciencedirect.com/science/article/pii/S0148296313003901
dc.rightsrestrictedAccesseng
dc.rightsCopyright © 2013 Published by Elsevier Inc.spa
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccesseng
dc.rights.localAcceso restringidospa
dc.sourceJournal of Business Research. Vol. 67, (9), 2014, pp.1921-1932spa
dc.subject.keywordBusiness developmenteng
dc.subject.keywordEntrepreneurshipeng
dc.subject.keywordFDIeng
dc.subject.keywordWorld Bankeng
dc.titleForeign direct investment, institutional quality, economic freedom and entrepreneurship in emerging marketseng
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.type.hasVersionpublishedVersioneng
dc.type.localArtículospa

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