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INSTITUTIONAL ENVIRONMENT FOR ENTREPRENEURSHIP: EVIDENCE FROM THE DEVELOPMENTAL STATES OF SOUTH KOREA AND UNITED ARAB EMIRATES

VISHAL K. GUPTA

AA 258, School of Management, Binghamton University, Vestal, NY 13902, USA

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ALI ALPER YAYLA

AA 314, School of Management, Binghamton University, Vestal, NY 13902, USA

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ARIJIT SIKDAR

Faculty of Business and Management, University of Wollongong at Dubai, Dubai Knowledge Village, United Arab Emirates

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, and

MIN-SEOK CHA

Changwon National University, South Korea

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https://doi.org/10.1142/S1084946712500136Cited by:21 (Source: Crossref)

Abstract

The purpose of this research is to examine country institutional profile for encouraging entrepreneurial activity in two developmental states: South Korea and United Arab Emirates. Data was collected from business students in the two countries to examine the favorability of their institutional environment for entrepreneurship. Confirmatory factor analysis indicated high reliability, construct validity and internal consistency for the Korean and Arabic language versions of the questionnaire instrument in the respective countries. Results revealed important cross-national differences between the two countries in the regulatory, cognitive and normative dimensions of the institutional environment. Implications, limitations and future research directions are discussed.

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