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Journal cover: Management Decision

Management Decision

ISSN: 0025-1747
Incorporates: Journal of Management History (Archive)

Online from: 1967

Subject Area: Management Science/Management Studies

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SMEs and entrepreneurial quality from a macroeconomic perspective

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Title:SMEs and entrepreneurial quality from a macroeconomic perspective
Author(s):Francisco J. Santos, (Department of Applied Economics I, Faculty of Economics and Business Sciences, University of Seville, Seville, Spain), Isidoro Romero, (Department of Applied Economics I, Faculty of Economics and Business Sciences, University of Seville, Seville, Spain), José Fernández-Serrano, (Department of Applied Economics I, Faculty of Economics and Business Sciences, University of Seville, Seville, Spain)
Citation:Francisco J. Santos, Isidoro Romero, José Fernández-Serrano, (2012) "SMEs and entrepreneurial quality from a macroeconomic perspective", Management Decision, Vol. 50 Iss: 8, pp.1382 - 1395
Keywords:Development, Entrepreneurial orientation, Entrepreneurs, Income, Motivation (psychology), Small to medium-sized enterprises, Spain
Article type:Research paper
DOI:10.1108/00251741211261980 (Permanent URL)
Publisher:Emerald Group Publishing Limited
Acknowledgements:This article is part of the “Excellence” Research project entitled “Analyzing the qualitative aspects shaping the quality of entrepreneurs and SMEs: implications for economic development of the Spanish Regions” (P09-SEJ-4857), which is funded by the Department of Economy, Innovation and Science of the Regional Government of Andalusia.

Purpose – The aim of this paper is to compare the particular characteristics of industrial SMEs in low- and high-income regions from the perspective of their “entrepreneurial quality”.

Design/methodology/approach – Based on three groups of factors, (personal characteristics of entrepreneurs, entrepreneurial orientation and productive dependence of firms), which define entrepreneurial quality (EQ), the empirical analysis is focused on testing whether industrial SMEs in three Spanish regions with low per capita income present different EQs to those of industrial SMEs in three other Spanish regions with high per capita income. Data was obtained from a survey addressed to the person in the role of entrepreneur in each of these firms. Since the dependent variable is dichotomous, the logistic regression model is applied in this study.

Findings – Results show there is a relationship between the regional levels of development and the entrepreneurial quality of the industrial SMEs. In low-income regions, the level of EQ is lower due to several factors. Firstly, these entrepreneurs have lower educational background, a lack of previous experience, and are more often led by pushing motivations; secondly, these industrial SMEs have lower entrepreneurial orientation when measured through innovation and proactiveness; finally, relations between firms are characterized by a higher productive dependence.

Originality/value – This study offers a significant contribution by specifying the concept of EQ and its relationship with the degree of economic development. Likewise, a policy implication derived from the results is the need to improve the human capital of entrepreneurs in low-income regions.

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