Foreign venture presence and domestic entrepreneurship: A macro level study
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Esra Memili, Associate Professor of Entrepreneurship (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: Building upon the literature of necessity- and opportunity-driven entrepreneurship, this study explores how the presence of foreign ventures affect domestic entrepreneurship. We hypothesize that foreign ventures reduce necessity-driven entrepreneurship by diminishing unemployment in domestic economies, and stimulate opportunity-driven entrepreneurship by increasing knowledge stocks in domestic economies. Empirical results based on country-level longitudinal data of 30 countries from 1980 through 2008 support our hypotheses. We conclude that over time, domestic economies with more foreign ventures might have more opportunity- driven entrepreneurial activities and less necessity-driven entrepreneurial activities. Thus, foreign ventures can change the structure of domestic entrepreneurship in host countries.
Foreign venture presence and domestic entrepreneurship: A macro level study
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Created on 6/13/2022
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Additional Information
- Publication
- Journal of International Financial Markets, Institutions and Money, 68, 101240
- Language: English
- Date: 2020
- Keywords
- foreign venture, FDI, unemployment, knowledge spillover, entrepreneurship, macro