Knowledge and entrepreneurship creation: what is the connection?

Cristina Fernandes (Instituto Politecnico de Castelo Branco, NECE – Research Centre in Business Sciences, Castelo Branco, Portugal)
João Ferreira (Department of Management and Economics/NECE – Research Centre in Business Sciences, Universidade da Beira Interior, Castelo Branco, Portugal)
Mário Raposo (Department of Management and Economics/NECE – Research Centre in Business Sciences, Universidade da Beira Interior, Castelo Branco, Portugal)
Ricardo Hernández (Universidad de Extremadura, Caceres, Spain)
Juan Carlos Diaz-Casero (Universidad de Extremadura, Caceres, Spain)

World Journal of Entrepreneurship, Management and Sustainable Development

ISSN: 2042-5961

Publication date: 13 March 2017

Abstract

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

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

Publisher

:

Emerald Publishing Limited

Copyright © 2017, Emerald Publishing Limited

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