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Formal Institutional Factors Influencing the Entrepreneurial Intent in Quindío (Colombia)

العوامل المؤسسية الرسمية التي تؤثر على نية ريادة الأعمال في كوينديو (كولومبيا)
Authors: Edwin Tarapuez; Beatríz Guzmán; Ramiro Parra;

Formal Institutional Factors Influencing the Entrepreneurial Intent in Quindío (Colombia)

Abstract

ABSTRACT: The objective of this research is to analyze the formal institutional framework that influences the intention to create companies in the department of Quindío (Colombia). The study is descriptive and uses the transversal-nature non-experimental methodology. According to the structure of the project and the type of information collected, the research is mixed natured. This work involves obtaining information from two groups of sources that were chosen by convenience: fourteen public and private institutions connected to entrepreneurship in the region, to which a semi-structured questionnaire was applied, and four experts on entrepreneurship on whom an unstructured interview was applied. The research uses the theoretical institutional framework proposed by Douglas North as regards formal institutions. The findings conclude that the works by the different formal entities that support entrepreneurship in Quindío is disperse and that they are not articulated in a specialized and collaborative work scheme that fosters the achievement of a common goal to generate a positive impact of greater magnitude at the departmental level. KEYWORDS: Douglas North, entrepreneurial intent, entrepreneurship, institutionalism

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Economics and Econometrics, Urban Development and Economic Impact Analysis, FOS: Political science, Entrepreneurship and Business Innovation, Entrepreneurship, Social Sciences, Life Sciences, Business, Management and Accounting, Formative Research, Trends in Agricultural Research and Education, Agricultural and Biological Sciences, Economics, Econometrics and Finance, Management of Technology and Innovation, Business, General Agricultural and Biological Sciences, Political science, Finance

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selected citations
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This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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