Environmental factors and entrepreneurial activity in Latin America

Claudia Álvarez, David Urbano

Research output: Contribution to journalArticlepeer-review

84 Scopus citations


The main purpose of this paper is to analyze the influence of environmental factors on entrepreneurial activity, focusing on Latin America, and using the institutional approach as theoretical framework. Through a panel data model with information from the Global Entrepreneurship Monitor and Doing Business, we demonstrate that informal institutions, such as political stability, control of corruption and role models are related to the entrepreneurial activity. Likewise, contrary to the expected results, formal institutions, such as procedures and time for starting a new business, and business and entrepreneurial skills, do not have a significant influence on entrepreneurship in Latin American countries.
Original languageAmerican English
Pages (from-to)31-45
Number of pages15
JournalAcademia Revista Latinoamericana de Administracion
StatePublished - 1 Jan 2011


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