Senior entrepreneurship in Latin America: evaluation and support from entrepreneurship ecosystems approach Emprendimiento senior en América Latina: evaluación y apoyo desde el enfoque de ecosistemas de emprendimiento Empreendedorismo sênior na América Latina: avaliação e apoio a partir da abordagem de ecossistemas de empreendedorismo Academic Article in Scopus uri icon

abstract

  • Purpose: The purpose of this study is to make an exploratory analysis of the impact of the entrepreneurial ecosystem (EE) as defined by Acs et al. (2014) on opportunity-driven senior entrepreneurial activity in Latin America. Design/methodology/approach: The research uses data from the Global Entrepreneurship Monitor and the Global Entrepreneurship and Development Institute of five Latin America countries (Argentina, Brazil, Chile, Colombia and Mexico), providing a total of 15,019 observations of people that are 50+ years old, between the years 2013 and 2017. A multi-level logistic regression model was used to estimate the relation between the total entrepreneurial activity by opportunity of seniors and some EE indicators. A total of three equations were estimated on the data set described. Findings: This research confirms the relevance of some elements of EE on senior entrepreneurship in Latin America. Entrepreneurial attitudes have a positive relationship with senior entrepreneurs, generating higher levels of entrepreneurial ventures. The combination of institutions that support these attitudes on the EE enhances senior entrepreneurial activity. It also demonstrates that a higher level of entrepreneurial education at postschool stages is relevant to increasing senior entrepreneurial activity. Originality/value: This research makes some interesting contributions in the field of measuring the impact of EE on senior entrepreneurship by opportunity in developing countries, filling a literature gap. It allows us to glimpse some measures that policymakers could take to improve the entrepreneurial activity of this segment in the region, such as implementing programs that facilitate networking opportunities and mentorship, along with providing training in business and financial literacy. © 2024, Alfonso Torres-Marín, José Ernesto Amorós, Marcelo Leporati and Sergio Roses.

publication date

  • January 1, 2024