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2022 | Book

Latin American and Iberian Entrepreneurship

New Perspectives on Culture, Traditions and Heritage

Editors: Prof. João Leitão, Prof. Dr. Vanessa Ratten, Dr. Vitor Braga

Publisher: Springer International Publishing

Book Series: Contributions to Management Science


About this book

Latin American and Iberian entrepreneurship represents a special kind of innovation, risk-taking, and futuristic business activity based on a common cultural heritage. There has been an increased interest in entrepreneurship related to specific cultural groups, and this edited book will be among the first to provide a Latin American and Iberian perspective to the study of entrepreneurship, thereby acknowledging the role of the Spanish and Portuguese diaspora and language on the global economy. Each chapter will focus on a different aspect of entrepreneurship related to countries within Latin America and Iberia. By combining both geographical groups, the authors aim to provide a better understanding of how Latin culture permeates entrepreneurial business activities.

Table of Contents

The Role of Entrepreneurship in Latin America and Iberia
Entrepreneurship happens in a variety of contexts but is closely linked to the culture, cultural heritage, and history of a region. The aim of this chapter is to examine the role of entrepreneurship in Latin America and Iberia, thereby highlighting the unique way specific social and political conditions have affected entrepreneurial rates and proclivity within countries. The role of an entrepreneurial society is discussed with a specific focus on Latin America and Iberia. This highlights how country and regional factors influence entrepreneurial capacity. Suggestions for future research are also discussed.
Vanessa Ratten, João Leitão, Vitor Braga
Venture Capital and Technology Entrepreneurship in Latin America: A Comparative Approach
The purpose of this chapter is to investigate whether the venture capital (VC) availability influences the technology entrepreneurship (TE) in Latin America by adopting a comparative approach with high-income economies. By applying panel data methodology in a sample of 21 Latin American countries over the period 2006–2017, we find a positive effect of VC availability on the TE only in the sample of Latin American countries. This result contrasts with that obtained for the sample of high-income countries, where no significance is found. Based on the findings, we propose some policies to improve the entrepreneurial ecosystems of Latin American countries.
Guillermo Andrés Zapata-Huamaní, Sara Fernández-López
World Heritage Sites and Tourism Entrepreneurship in Latin America
Latin America is a large geographic area comprising a diverse range of countries. This means there are many tourist places that have World Heritage listing. This chapter will explore the importance of tourism to Latin America by focusing on the role of entrepreneurship, thereby enabling an investigation into how heritage influences tourism popularity. This provides an interesting way to highlight the role culture and history play in the development of tourism initiatives.
Vanessa Ratten
The Role of Douro River in the Emergence of Technological Entrepreneurship Initiatives
Technology has been transforming the tourism industry and placing greater emphasis on offering differentiating and immersive tourist experiences. Tourists have assumed the position of content generators who interact with the regions and communities they visit, rather than mere passive visitors. This chapter explores the role of new technological advances (e.g., artificial intelligence, augmented reality, Internet of Things, big data) in the development of enriching experiences, having as a central element the positioning of the Douro River as a unique heritage element that is important to know and explore. The chapter explores a set of entrepreneurial initiatives in the Douro River that use technology to provide enriching experiences to its visitors in areas as distinct as river tourism, creative tourism, enotourism, or museology.
Fernando Almeida, Oscar Silva, Lino Dias
The Presence of Women in Private Family Firms’ Corporate Governance and Innovation Outcomes
Despite the increase in the number of studies analysing innovation in family firms over the last decade, there are still a number of critical issues that are far from being resolved. One of these issues is related to the influence of women’s presence in corporate governance structures on firms’ innovation outcomes. In light of this, the aim of the present chapter is to investigate whether the inclusion of women in private family firms’ corporate governance structures, namely, in the general shareholders’ meeting, the top management team and board of directors, influences firms’ innovation. By applying regression analyses to a sample of 339 Spanish private family firms, the findings reveal that the presence of women in general shareholders’ meetings and in top management teams has a negative and significant effect on innovation.
Beatriz Hernández-Cuevas, María J. Martínez-Romero, Rubén Martínez-Alonso
Implementation Intentions of Potential High-Impact Entrepreneurs Among University Students: An Applied Analysis to the Case of Panama
Entrepreneurship constitutes a crucial factor for social and economic growth. Since the 1980s, many researchers have therefore studied the various stages that make up the business creation process, ranging from the potential to the consolidated phase. Recently, certain so-called high-growth ventures have attracted attention due to their greater impact on the creation of employment and wealth. The university community, thanks to their high level of human capital, presents an ideal group for their study as possible generators of high-impact entrepreneurship. On the other hand, potential entrepreneurs are the source that nurtures future business creation, hence the need to ascertain the factors that drive the entrepreneurial intentions of these students. The models for the predictive power of intention applied to entrepreneurship are limited and not all intentions are converted into actions. Hence, the specialised literature has sought other indicators closer to the final behaviour, such as the intention of implementation. In this way, the present study takes elements from the analysis framework of the Theory of Planned Behaviour (Ajzen Organizational Behavior and Human Decision Processes 50(2): 179–211, 1991) when explaining the possible antecedents of the intention to implement (Gollwitzer European Review of Social Psychology 4(1): 141–185, 1993; Gollwitzer American Psychologist 54(7): 493–503, 1999). A system of structural equations is applied to a sample of university students from GUESSS (Global University Entrepreneurial Spirit Students’ Survey) Panama 2018. The results indicate not only a high causality between the attitude and the perceived control over the intention to implement, but also the indirect effect that the subjective norm exerts on these results.
Alfonso Expósito, Jose Fernández-Serrano, Maria Frende, Guillermo Gómez
World Heritage Sites in Portugal and Spain
Portugal and Spain are countries in southern Europe that share a geographic border. They are amongst the oldest countries in the world and share a rich cultural history. The aim of this chapter is to discuss the world heritage sites in both countries, thereby providing a useful overview about the role tourism plays in a countries economic and cultural development. Each of the main world heritage sites are stated for each country together with an overview of the major milestones in each country’s history. This enables a holistic overview of the importance of heritage in the protection of cultural tourism places in Portugal and Spain.
Vanessa Ratten
The Role of Different Types of Previous Experience in International Opportunity Recognition: Evidence from Spanish International Entrepreneurs
Delving into the factors that influence international opportunity recognition (IOR) processes (active search and serendipitous discovery) is a topic of current relevance in the literature on international entrepreneurship (IE). Despite the previous experience of entrepreneurs is considered to play a key role in the IE process, much remains to be explored to understand how this experience can shape the way entrepreneurs identify international opportunities. This study examines whether three different types of previous experience (i.e., international business experience, international living experience, and past negative entrepreneurial experience) of Spanish entrepreneurs are related to how they identify foreign market opportunities. To answer this question, a quantitative analysis of data from 172 Spanish international entrepreneurs was applied to compare if possessing each of these types of experience versus not possessing them can lead to the recognition of an international opportunity through active search or serendipitous discovery. The findings demonstrate that Spanish entrepreneurs with international experience (either international business or living experience) and those with past negative entrepreneurial experience in the domestic market are more likely to identify IOs through active search. The results also show that Spanish entrepreneurs without international business experience and those without past negative entrepreneurial experience in the domestic market are more likely to discover IOs serendipitously. Surprisingly, having international living experience or not having it does not make any difference in the serendipitous discovery of international opportunities. These findings contribute new evidence to the debate of IOR determinants, which have relevant implications for understanding international entrepreneurs’ search behavior in the Spanish context.
Eduardo Terán-Yépez, David Jiménez-Castillo, Manuel Sánchez-Pérez
Intrapreneurship in Tennis: Tell Me Who You Are... and I Will Tell You What Your Intentions Are
Intrapreneurship in sport has a positive effect on the performance and competitiveness of organisations. Intrapreneurs are able to discover new opportunities and exploit them by making use of innovation and risk-taking. However, studies on the antecedents of intrapreneurship intentions of employees in sports organisations are practically non-existent at present. Thus, the aim of this study is to find out the combination of conditions that generate high and low intrapreneurial intentions in employees of tennis centres. For the data collection, a questionnaire composed of previously validated scales was used. The data were analysed using Qualitative Comparative Analysis (QCA) methodology. The results showed four solutions for high intrapreneurship intentions that were able to explain 57% of the cases. The most explanatory solution was the combination of high levels of education*occupying a position of lower responsibility*low levels of satisfaction with recognition*high levels of satisfaction with relationships*high levels of satisfaction with promotion possibilities (consistency: 0.86; coverage: 0.35). In addition, the conditions being older, satisfaction with promotion possibilities and occupying positions of less responsibility were present in three of the four solutions. In contrast, for low levels of intrapreneurship intentions, three solutions were found that were able to explain 57% of the cases. The most explanatory solution was the combination of younger age*lower responsibility*high levels of relationship satisfaction (consistency: 0.84; coverage: 0.54). The results of this study present important practical implications for facilitating intrapreneurship within tennis centres and improving their competitiveness in the sports industry.
Alejandro Lara-Bocanegra, Jerónimo García-Fernández, M. Rocío Bohórquez, María Huertas González-Serrano
Strategy as a Tool for Management and Organizational Performance: Case Study in a Microenterprise—Araxá-MG
This article aimed to investigate the use of strategic tools and their effects on the performance of a microenterprise in the food sector, in the city of Araxá-MG. An exploratory research was carried out through a single case study, using semi-structured interviews as a data collection technique. The results show that a proactive, systemic, and educated manager can make a difference in his area of expertise, and with teamwork, the company can “talk” to both internal and external customers, as well as to competitors and suppliers. Your business, where you operate and where you want to go. A company that learns can also teach, grow, and become a reference in the market using strategies applied in the segment in which it operates.
Waldecy Carvalho de Lima
Latin American and Iberian Entrepreneurship
Prof. João Leitão
Prof. Dr. Vanessa Ratten
Dr. Vitor Braga
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