Opportunity and necessity entrepreneurship in the hospitality sector: Examining the institutional environment influences

Document Type

Journal Article

Publication Title

Tourism Management Perspectives

Publisher

Elsevier BV

School

School of Business and Law

RAS ID

30951

Funders

Natural Science Foundation of Guangdong Province

National Natural Science Foundation of China, NSFC

Comments

Li, Y., Huang, S. S., & Song, L. (2020). Opportunity and necessity entrepreneurship in the hospitality sector: Examining the institutional environment influences. Tourism Management Perspectives, 34, Article 100665. https://doi.org/10.1016/j.tmp.2020.100665

Abstract

This study combined three different data sources, the Global Entrepreneurship Monitor (GEM), Index of Economic Freedom (IEF) and World Development Indicator (WDI) to examine the relationships between three dimensions of the country-level institutional environment (i.e., regulatory, cognitive, and normative) and two types of hospitality entrepreneurship (opportunity-based vs. necessity-driven). Logit regression analyses on a multi-sourced dataset indicate that the three dimensions of institutional environment had different effects on hospitality entrepreneurship. Specifically, the regulatory dimension positively affected opportunity-based entrepreneurship; however, its effect on necessity entrepreneurship was negative. In contrast, the normative dimension had a negative effect on opportunity entrepreneurship and a positive effect on necessity entrepreneurship. The cognitive dimension had no significant relationship with either opportunity or necessity entrepreneurship in the hospitality sector. © 2020 Elsevier Ltd

DOI

10.1016/j.tmp.2020.100665

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