DETERMINANTS OF EARLY STAGE ENTREPRENEURSHIP ACTIVITY INVOLVEMENT: GLOBAL PERSPECTIVE ON GENERAL ENTREPRENEURSHIP MONITORING ADULT POPULATION SURVEY

Total early stage entrepreneurial activity (TEA) refers to entrepreneur’s involvement in early-stage entrepreneurial activity. GEM reported that TEA is vital to boosting economic activity as it creates job and foster well-being in the community. However, limited research has been conducted to explore why entrepreneurial potential and support can increase TEA. This research examined the association of entrepreneurial potential and support, demographic factors, and geographic locations to TEA among 181,281 respondents across 59 participating countries in GEM Adult Population Survey. Findings showed that entrepreneurial intention, experienced a shutdown of business in the past, known someone who started a business in the past, seeing opportunities, and beliefs on having the required knowledge/skills to start a business can increase the likelihood of involvement in the early stage entrepreneurship activity. However, fear of failure will decrease the likelihood of involvement in the early stage entrepreneurial activity. Addition in years of age, higher income, higher educational attainment, and gender specifically males can increase the likelihood of involvement in the early stage entrepreneurial activity. Lastly, the United States among all the participants of GEM Adult Population Survey have higher likelihood of involvement in early stage entrepreneurial activity except for countries such as Australia, Philippines, China, Canada, Cameroon, Luxembourg, Latvia, Estonia, Guatemala, and Israel. Findings of this research emphasizes the entrepreneurial benefits of cultivating entrepreneurs’ capability to deal with daily entrepreneurial hassles.