Knowledge and entrepreneurship creation: what is the connection?, Cristina Fernandes, João Ferreira, Mário Raposo, Ricardo Hernández and Juan Diaz-Casero
Instituto Politecnico de Castelo Branco
NECE – Research Centre in Business Sciences, Castelo Branco
João Ferreira, Mário Raposo
Department of Management and Economics/NECE – Research Centre in Business Sciences
Universidade da Beira Interior, Castelo Branco
Ricardo Hernández, Juan Carlos Diaz-Casero
Universidad de Extremadura, Caceres
Purpose: With this work, the authors seek to advance knowledge in this field mentioned above. The purpose of this paper is to stress the role of two groups of components related to individuals’ knowledge: the intrinsic base of existing knowledge and exposure to external knowledge.
Design/methodology/approach: The present study examined the impact of knowledge in the business creation process. Data came from aggregated panel data at the country level taken from the Global Entrepreneurship Monitor over a five-year period (2009-2013).
Findings: Results show that knowledge affects the business creation process. The research identifies the following factors as influential: detection of capabilities, entrepreneurial experience, and experience investing in other firms.
Research limitations/implications: The limitations of the research relate to the data aggregation at the country level. Future research should examine disaggregated GEM data for the three economic stages at the classification level.
Practical implications: The perception of self-efficacy appears to be critical in understanding the planning of intentional behavior because of its influence on the formation of intentions through situational perceptions of viability.
Originality/value: Generally, the literature that emphasizes the role of knowledge and entrepreneurship in small firms is theoretically limited and focuses solely on the role of knowledge in the decision to start a business.
Keywords: Entrepreneurship; Knowledge; GEM; New business.
Citation: Fernandes, C., Ferreira, J., Raposo, M., Hernández, R. and Diaz-Casero, J.C. (2017), "Knowledge and entrepreneurship creation: what is the connection?", World Journal of Entrepreneurship, Management and Sustainable Development, Vol. 13 No. 1, pp. 2-15. https://doi.org/10.1108/WJEMSD-11-2016-0052