Search Results (122)

Understanding the entrepreneurial profile is essential for developing effective regional policies that promote business growth. The path of an entrepreneur is shaped not only by individual decisions but also by the inherent risks of managing a business. This study aims to identify the characteristics of entrepreneurs at the regional level, specifically highlighting the impact of accumulated experience in their fields. Our central hypothesis asserts that entrepreneurial experience significantly influences how business owners perceive and respond to economic challenges. Utilizing survey data from 120 entrepreneurs in Romania’s Center Region (a NUTS 2 area), we reveal that entrepreneurial experience profoundly affects perceptions of key business challenges, such as legislative instability, taxation predictability, governmental support strategies, and access to SME financing. Importantly, our findings demonstrate that entrepreneurs with less than 10 years of experience express greater concerns about these challenges compared to their more seasoned peers. This novel insight highlights the need for tailored policy interventions aimed at enhancing regional economic resilience and fostering entrepreneurial sustainability. By addressing the specific needs of less experienced entrepreneurs, our study contributes to a deeper understanding of how experience shapes business dynamics in the region. Full article

Against the backdrop of evolving innovation and entrepreneurship education, this study investigates the multifaceted factors influencing college students’ innovation and entrepreneurship in China. By analyzing 98 cases of student-led ventures and applying principal component analysis (PCA) via SPSS 19.0, the research identifies key determinants across individual, institutional, and societal dimensions. The empirical results reveal strong correlations between entrepreneurial risk levels and practical experience (r = 0.82), pre-market research (r = 0.84), participation in entrepreneurship courses (r = 0.72), university innovation platform utilization (r = 0.75), social financing intensity (r = 0.68), and regional economic development (r = 0.53). Individual-level factors demonstrate the most profound influence, with institutional and societal resources providing complementary support. Based on these findings, the study proposes targeted recommendations to enhance student engagement in practical training, optimize university–platform integration, and improve policy-backed financing ecosystems, thereby fostering the sustainable development of college students’ innovation and entrepreneurship capabilities. Full article

Having the proper infrastructure is crucial because it fosters prosperous enterprise and a skilled labor force capable of solving environmental issues. There are worries about the potential negative effects of human capital centered on innovation, despite studies showing benefits. This study examines how contextual factors such as business environment, infrastructure, and human capital, influence South Africa’s entrepreneurial ecosystem. Multiple Regression Technique was used for analysis. Findings showed that each of the three factors has a remarkable impact, with business environment showing the highest positive relationship to the Ecosystem Index. The results highlight the significance of focusing on sustainable activities when developing human capital. To promote a more sustainable entrepreneurship environment, the study suggests that policymakers should implement incentives, allocate finances for infrastructure, and establish educational and knowledge-sharing initiatives to encourage the sustainability of the entrepreneurial ecosystem. Future research directions will focus on investigating how additional contextual factors affect ecosystems in various regions and industries. The study also suggests the evaluation of gender equality in access to financial and business assistance. Full article

This study investigated the key determinants of entrepreneurship in Ambato, Ecuador, through the application of predictive statistical models. The primary objective was to identify critical variables that influence the success and sustainability of entrepreneurial ventures in the region. A quantitative research design was employed, utilizing multivariate statistical techniques, including decision trees, random forest, and Principal Component Analysis (PCA). Data were collected through structured surveys administered to local entrepreneurs, addressing variables including demographics, education, initial investment, and business operations. The analysis revealed that factors such as geographic location, the entrepreneur’s educational attainment, business tenure, and operational characteristics have a significant influence on entrepreneurial viability. On the basis of these findings, the study proposes a predictive model to assist both policymakers and entrepreneurs in evaluating and enhancing business development strategies. The insights gained offer practical implications: entrepreneurs can refine their strategies for greater effectiveness, while local authorities can craft supportive policies, such as training programs and improved access to financing. The study highlights the importance of entrepreneurship education and targeted support for underdeveloped areas, thereby contributing to broader economic inclusion and enhanced employment opportunities in the region. Full article

This study explores the evolution of academic entrepreneurship, emphasizing the crucial role of universities in fostering innovation and economic development. Through a systematic review guided by the PRISMA methodology, the research identifies six critical dimensions in academic entrepreneurship: university entrepreneurial ecosystems, organizational structures, capacity building, impact evaluation, contextual influences, and sustainability. The review highlights the integration of sustainability principles, digital transformation, and innovative financing models as central themes driving contemporary university entrepreneurship. Additionally, it underscores the necessity for adaptive governance frameworks and interdisciplinary collaborations to address diverse socioeconomic contexts. The findings offer theoretical insights and practical recommendations for policymakers and university administrators, with the aim of enhancing the design and implementation of effective entrepreneurial ecosystems. This work contributes to a deeper understanding of the mechanisms and strategies that enable universities to act as catalysts for innovation and sustainable economic growth. Full article

This study examines how entrepreneurial finance, entrepreneurial networking, and entrepreneurial culture contribute to sustainable business among culinary micro-enterprises in Bandung City, Indonesia. This study fills a gap in the literature by highlighting that micro-enterprises’ sustainability, from economic, social, and environmental aspects, is not always underpinned by formal institutional support. Using a qualitative approach and semi-structured interviews with 10 culinary micro-enterprise owners whose businesses have been able to survive across generations, this study found that business owners manage their finances adaptively, build trust-based social networks, and apply local cultural values to sustainable business practices. The findings show that trust and flexibility in informal funding play a crucial role in entrepreneurial finance, while challenging the view that access to formal financing is the main prerequisite for sustainability. Entrepreneurial culture proves to be a strategic internal resource in strengthening environmentally friendly practices. The originality of this study offers an alternative perspective that is more contextualized and grounded in understanding the sustainability strategies of micro-enterprises in developing countries. Full article

In the sustainable evolution of the entrepreneurial ecosystem, the efficiency of early-stage capital allocation directly affects the intergenerational transmission capacity of innovation resources. The financing barriers caused by information asymmetry urgently require institutional solutions. This study, based on tracking data from 19,463 startups in China’s information technology sector (2016–2019), analyzes how government-certified incubators (GCIs) optimize the sustainability of the entrepreneurial ecosystem through signaling mechanisms. The empirical results show that collaboration with a GCI can significantly increase the likelihood of IT startups securing venture capital by approximately 25%. This effect is not only due to the strict screening and resource support provided by GCIs, but also due to their role in amplifying internal signals from startups, such as the experience of founders and intellectual property. Notably, in the IT sector, the impact of GCIs is more significant for startups traditionally disadvantaged, particularly those led by female founders. Our research demonstrates that GCIs drive the sustainable development of the entrepreneurial ecosystem through three signaling mechanisms: (1) institutional certification screening, which optimizes the intergenerational allocation efficiency of ecosystem resources; (2) the signaling validation–amplification mechanism, which enhances the value of intellectual property and founder experience, alleviating investors’ challenges in quantifying startup potential; (3) inclusive signal rebalancing, where GCI certification significantly improves the funding success rate of female founders, breaking traditional market biases in screening disadvantaged groups and supporting the inclusive and sustainable development of the entrepreneurial ecosystem. These findings provide a new pathway for emerging economies to optimize the resilience of their entrepreneurial ecosystems through policy tools: for governments, GCIs achieve sustainable development goals at low institutional cost; for investors, the signal integration mechanism reduces investment information friction; and for entrepreneurs, certification endorsements accelerate market validation of sustainable business models. Full article

Waqf investment funds represent an innovative approach to sustainable finance, integrating Islamic investment principles with contemporary social and economic goals. The research explores how Waqf investment funds affect socio-economic factors in Saudi Arabia through their influence on personal income, healthcare systems, and education while analyzing financial sustainability. The study assessed primary socio-economic indicators through beneficiary survey data, expert interviews, and secondary sources. The study used chi-square tests, exploratory factor analysis (EFA), and regression analysis to evaluate the long-term impact of the funds on social welfare and economic stability. The results highlight several significant achievements, the most important of which is that personal income benefited most from enhanced purchasing power. At the same time, healthcare outcomes improved significantly due to support for chronic disease treatments. Support for student housing and living services positively impacted the education sector by providing learning stability and access to educational opportunities. Financial sustainability reached its peak through improved financial security measures. The full potential of Waqf investment funds remains restricted because they face continuous issues with investment diversification, governance effectiveness, and entrepreneurial support. The results show that Waqf investment funds work as a welfare tool while also serving as a strategic tool for sustainable development in line with Saudi Vision 2030 and the United Nations Sustainable Development Goals. Full article

This paper explores how bioeconomy-specialized clusters function as systemic intermediaries that support innovation, coordination, and business transformation in the transition to a circular bioeconomy. Using a qualitative case study methodology, we analyze how bioclusters in Romania enable SME development, knowledge transfer, and cross-sector innovation, ultimately strengthening regional entrepreneurial ecosystems. Findings highlight the role of clusters in supporting innovation management, access to financing, and policy alignment in the transition toward a circular bioeconomy. By fostering entrepreneurial networks, facilitating skill development, and supporting SME-driven innovation, clusters act as catalysts for inclusive and resilient business growth. This study highlights how clusters create an enabling environment by providing access to financing, technology, and market expansion opportunities. Although focused on a specific regional biocluster ecosystem, the findings underscore the scalability and replicability of this model across Europe, reinforcing its contribution to entrepreneurship, innovation, and regional economic development. This study contributes to the literature on entrepreneurial ecosystems and circular bioeconomy governance, emphasizing the role of clusters as intermediary organizations that facilitate business-led sustainability transitions. The findings offer practical insights for policymakers, industry leaders, and researchers, outlining strategies to strengthen cluster-based innovation, enhance SME competitiveness, and embed circular practices into national and regional bioeconomy strategies. This paper’s added value lies in combining the Technological Innovation Systems (TIS) framework with empirical evidence from Romanian clusters—a context underexplored in current literature on circular bioeconomy transitions. Full article

Entrepreneurship is crucial in promoting innovation, job creation, and poverty alleviation, particularly in developing economies. This study adopts a mixed-methods approach, using quantitative and qualitative analysis to examine macroeconomic factors’ impact on entrepreneurial activity. The quantitative analysis utilises fully modified least squares and dynamic ordinary least squares to estimate long-run relationships, while the qualitative component applies thematic analysis to assess the role of school-based gardening initiatives in promoting students’ economic participation. Our findings indicate that government expenditure on education significantly enhances entrepreneurship, whereas access to credit remains ineffective, suggesting persistent barriers in financial intermediation. Labour force participation shows a positive relationship with entrepreneurship, supporting the idea that a more engaged labour force promotes business creation. The findings also show a negative impact of regulatory quality on entrepreneurship, stressing the need for regulatory reforms to reduce entry barriers. While technology adoption has a delayed effect, long-term investments in digital infrastructure are recommended. At the micro-level, school-based entrepreneurship programs, such as vegetable gardening, cultivate entrepreneurial skills, though sustainability depends on consistent support and resources. Based on these findings, this study suggests the need to enhance education, improve access to finance, and streamline regulatory frameworks to promote entrepreneurship. Full article

Environmental degradation poses a significant global challenge which necessitates innovative strategies to achieve sustainability. This study investigates the impact of technological innovation (TCN), higher education (EDU), green finance (GRF), globalization (GLI), and entrepreneurship (ENT) on environmental quality (EQ) in G20 countries. The study uses panel data from 2000 to 2020 to investigate relationships between study variables. Among the various diagnostic tests conducted, the Variance Inflation Factor (VIF) confirms that multicollinearity is not present. Furthermore, the cross-sectional dependence (CSD) test identifies cross-sectional interdependence among the study variables. Moreover, the slope homogeneity (SL) test indicates heterogeneity in the data. For the stationarity check, the Cross-Sectional Augmented Im–Pesaran–Shin (CIPS) test indicates mixed results. Finally, the study uses the Cross-Sectionally Augmented Autoregressive Distributed Lag (CS-ARDL) and the Generalized Method of Moments (GMM) for the long- and short-run analysis of variables. The outcomes of CS-ARDL indicate that GLI has a significant negative impact on EQ, hence causing deterioration in G20 economies. On the other hand, TCN, EDU, GRF, and ENT show positive and significant impacts on EQ, therefore enhancing environmental outcomes. Additionally, the Dumitrescu–Hurlin causality test reveals bidirectional causality, which highlights the interconnected relationship between TCN and ENT with EQ. However, GRF, EDU, and GLI demonstrate unidirectional causality with EQ. The takeaway of the study focuses on the importance of policies in promoting green innovation, resource efficiency, and sustainable practices to advance environmental quality within G20 economies. Full article

This study conducts a bibliometric and altmetric analysis of women’s entrepreneurship, examining research trends, challenges, and contributions to sustainable development. By analyzing 6729 journal articles from the Web of Science (1975–2024), this study employs citation analysis, co-citation analysis, and co-word analysis, alongside altmetric indicators, to assess research impact. Visualization tools such as VOSViewer (version 16.20) were used to map the scholarly landscape. Key findings highlight critical themes, including gender disparities, financial barriers, socio-cultural challenges, and digital transformation, underscoring the crucial role of women entrepreneurs in achieving the United Nations’ Sustainable Development Goals (SDGs). This study identifies major research clusters, leading authors, and institutions that shape the field, while also revealing regional disparities in research output. The growing prevalence of open-access research has enhanced knowledge dissemination, yet access to financial and technological resources remains a challenge for women entrepreneurs. This study emphasizes the need for targeted policies to improve access to finance, digital tools, and entrepreneurial education, fostering an enabling ecosystem for women-led businesses. By integrating traditional bibliometric techniques with altmetrics, this research provides a comprehensive assessment of global trends in women’s entrepreneurship, offering valuable insights for academics, policymakers, and practitioners. It contributes to the literature on gender and entrepreneurship by identifying emerging themes and gaps, advocating for inclusive policies and enhanced support mechanisms to drive sustainable economic growth. Full article

This study explores the marketing challenges perceived by aspiring entrepreneurs, focusing on undergraduate business students’ perspectives. Drawing on an empirical qualitative approach, this research utilizes data from semi-structured interviews with 31 students at a midwestern U.S. university to examine key barriers that hinder business development and growth. The research identifies five key themes: budget constraints, customer identification and engagement, branding and market differentiation, digital marketing barriers, and the role of education. The findings reveal that financial limitations and resource constraints hinder students’ ability to implement effective marketing strategies, while limited practical experience complicates customer engagement and market research efforts. Additionally, participants emphasized challenges in establishing distinct brand identities and adapting to rapidly evolving digital marketing tools. These insights align with existing entrepreneurial marketing theories, reinforcing the role of adaptability and resourcefulness in early-stage business ventures. Education emerged as both a strength and an area for improvement, with students valuing theoretical foundations but identifying gaps in hands-on, experiential learning opportunities. This study contributes to entrepreneurial marketing literature by highlighting the interplay between resource constraints, creativity, and adaptability in understanding marketing challenges. It further underscores the importance of integrating digital marketing competencies and alternative financing strategies, such as crowdfunding and fintech solutions, into entrepreneurship education. It also emphasizes the need for educational reforms that integrate practical applications, mentorship, and digital marketing training to prepare students for real-world entrepreneurial endeavors. By addressing these gaps, the findings offer actionable insights for educators, policymakers, and entrepreneurial support systems to better equip aspiring entrepreneurs for sustainable success. Full article

Entrepreneurship plays a crucial role in driving innovation, productivity, and economic growth, with universities emerging as key actors within entrepreneurial ecosystems. This study seeks to expand the understanding on the role of Latin American universities on entrepreneurial ecosystems by examining the case of alumni from Escuela Politécnica Nacional (EPN). Employing a mixed-methods approach, this research explores individual, organizational, and institutional dynamics within the Ecuadorian entrepreneurial ecosystem. Results indicate that universities like EPN nurture professional and technical capabilities but face institutional obstacles that restrict their capacity to foster knowledge-based, high-growth ventures. This study highlights several institutional-level barriers, including market dominance, limited access to formal financing, corruption, and complex regulations, that limit innovation. Thus, universities in the region play an important role in preparing potential entrepreneurs, yet their impact is ultimately restricted by contextual factors. To overcome these challenges, universities can strengthen their support by integrating entrepreneurship education, networking opportunities, early-stage venture experiences, and exposure to role models or success stories. Particularly in contexts like Ecuador, fostering self-efficacy, resilience, and opportunity recognition can boost entrepreneurial behavior. In addition, enhancing university–industry collaboration, encouraging business transparency, improving funding accessibility, and supporting knowledge-intensive businesses are essential steps to harness the full potential of universities in the entrepreneurial ecosystem. Full article

This study analyzes the effect of knowledge managemet capability on entrepreneurial orientation, entrepreneurial finance, entrepreneurial marketing, and business resilience in culinary micro-enterprises in Bandung during the COVID-19 pandemic, proposing that knowledge management capability influences entrepreneurial orientation, entrepreneurial finance, and entrepreneurial marketing, which in turn enhance business resilience. Partial least squares structural equation modeling was used to analyze data from 125 culinary micro-enterprises. The findings show that entrepreneurial finance has a stronger effect on business resilience compared to other factors, indicating that financial agility and resource allocation are more important for business resilience in crisis conditions. This challenges the conventional view that innovation is the main driver of business resilience. This study redefines the strategic entrepreneurship model by highlighting the role of knowledge management capability as a key resource input in the resource orchestration process to build business resilience. The results offer practical insights, including policy recommendations for improving digital infrastructure and financial inclusion to support culinary micro-enterprises in adapting to future disruptions. Full article