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

This 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 b...

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Autores:
Herrera-Echeverri, Hernán
Haar, Jerry
Estévez-Bretón, Juan Benavides
Tipo de recurso:
Fecha de publicación:
2014
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/7621
Acceso en línea:
http://hdl.handle.net/10784/7621
Palabra clave:
Business development
Entrepreneurship
FDI
World Bank
Rights
License
restrictedAccess
id REPOEAFIT2_f2ca057b7b7ce3cad2efcf7d31689e97
oai_identifier_str oai:repository.eafit.edu.co:10784/7621
network_acronym_str REPOEAFIT2
network_name_str Repositorio EAFIT
repository_id_str
spelling 20142015-11-06T21:15:36Z20142015-11-06T21:15:36Z0148-2963http://hdl.handle.net/10784/7621doi:10.1016/j.jbusres.2013.11.020This 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 ).engElsevierJournal of Business Research. Vol. 67, (9), 2014, pp.1921-1932http://www.sciencedirect.com/science/article/pii/S0148296313003901http://www.sciencedirect.com/science/article/pii/S0148296313003901restrictedAccessCopyright © 2013 Published by Elsevier Inc.Acceso restringidohttp://purl.org/coar/access_right/c_16ecJournal of Business Research. Vol. 67, (9), 2014, pp.1921-1932Foreign direct investment, institutional quality, economic freedom and entrepreneurship in emerging marketsarticleinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículoObra publicadapublishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Business developmentEntrepreneurshipFDIWorld BankEconomía y FinanzasFinanzasHerrera-Echeverri, HernánHaar, JerryEstévez-Bretón, Juan BenavidesSchool of Economics and Finance, Universidad EAFIT, Carrera 49 N° 7 Sur, 50, Medellin, ColombiaPino Global Entrepreneurship Center, College of Business, Florida International University, 11200 SW 8th Street, CBC 201, Miami, FL 33199, United StatesCider, Interdisciplinary Development Studies Center, Universidad de los Andes, Calle 18A No. 0-03Este, Edificio PU, Bogotá, ColombiaGrupo de Investigación Finanzas y BancaJournal of Business Research6791921193210784/7621oai:repository.eafit.edu.co:10784/76212015-11-06 16:15:36.698metadata.onlyhttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv Foreign direct investment, institutional quality, economic freedom and entrepreneurship in emerging markets
title Foreign direct investment, institutional quality, economic freedom and entrepreneurship in emerging markets
spellingShingle Foreign direct investment, institutional quality, economic freedom and entrepreneurship in emerging markets
Business development
Entrepreneurship
FDI
World Bank
title_short Foreign direct investment, institutional quality, economic freedom and entrepreneurship in emerging markets
title_full Foreign direct investment, institutional quality, economic freedom and entrepreneurship in emerging markets
title_fullStr Foreign direct investment, institutional quality, economic freedom and entrepreneurship in emerging markets
title_full_unstemmed Foreign direct investment, institutional quality, economic freedom and entrepreneurship in emerging markets
title_sort Foreign direct investment, institutional quality, economic freedom and entrepreneurship in emerging markets
dc.creator.fl_str_mv Herrera-Echeverri, Hernán
Haar, Jerry
Estévez-Bretón, Juan Benavides
dc.contributor.department.spa.fl_str_mv Economía y Finanzas
Finanzas
dc.contributor.author.spa.fl_str_mv Herrera-Echeverri, Hernán
Haar, Jerry
Estévez-Bretón, Juan Benavides
dc.contributor.affiliation.spa.fl_str_mv School of Economics and Finance, Universidad EAFIT, Carrera 49 N° 7 Sur, 50, Medellin, Colombia
Pino Global Entrepreneurship Center, College of Business, Florida International University, 11200 SW 8th Street, CBC 201, Miami, FL 33199, United States
Cider, Interdisciplinary Development Studies Center, Universidad de los Andes, Calle 18A No. 0-03Este, Edificio PU, Bogotá, Colombia
dc.contributor.program.spa.fl_str_mv Grupo de Investigación Finanzas y Banca
dc.subject.keyword.eng.fl_str_mv Business development
Entrepreneurship
FDI
World Bank
topic Business development
Entrepreneurship
FDI
World Bank
description This 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 ).
publishDate 2014
dc.date.issued.none.fl_str_mv 2014
dc.date.available.none.fl_str_mv 2015-11-06T21:15:36Z
dc.date.accessioned.none.fl_str_mv 2015-11-06T21:15:36Z
dc.date.none.fl_str_mv 2014
dc.type.eng.fl_str_mv article
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_6501
http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.local.spa.fl_str_mv Artículo
dc.type.hasVersion.spa.fl_str_mv Obra publicada
dc.type.hasVersion.eng.fl_str_mv publishedVersion
status_str publishedVersion
dc.identifier.issn.none.fl_str_mv 0148-2963
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/7621
dc.identifier.doi.none.fl_str_mv doi:10.1016/j.jbusres.2013.11.020
identifier_str_mv 0148-2963
doi:10.1016/j.jbusres.2013.11.020
url http://hdl.handle.net/10784/7621
dc.language.iso.eng.fl_str_mv eng
language eng
dc.relation.ispartof.spa.fl_str_mv Journal of Business Research. Vol. 67, (9), 2014, pp.1921-1932
dc.relation.isversionof.none.fl_str_mv http://www.sciencedirect.com/science/article/pii/S0148296313003901
dc.relation.uri.none.fl_str_mv http://www.sciencedirect.com/science/article/pii/S0148296313003901
dc.rights.eng.fl_str_mv restrictedAccess
dc.rights.spa.fl_str_mv Copyright © 2013 Published by Elsevier Inc.
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_16ec
dc.rights.local.spa.fl_str_mv Acceso restringido
rights_invalid_str_mv restrictedAccess
Copyright © 2013 Published by Elsevier Inc.
Acceso restringido
http://purl.org/coar/access_right/c_16ec
dc.publisher.eng.fl_str_mv Elsevier
dc.source.spa.fl_str_mv Journal of Business Research. Vol. 67, (9), 2014, pp.1921-1932
institution Universidad EAFIT
repository.name.fl_str_mv Repositorio Institucional Universidad EAFIT
repository.mail.fl_str_mv repositorio@eafit.edu.co
_version_ 1814110354050908160

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