The Business Creation Process and Latin American Entrepreneurs

Abstract Entrepreneurship is considered fundamental to economic development since entrepreneurs generate their own benefit and indirectly promote employment, boost innovation, attract human financial resources investment in infrastructure the territory, among other benefits. Latin America has very high rates of entrepreneurship, so deepen our knowledge factors that influence it necessary investigate region. This article tests various theories (self-efficacy, fear failure, perception opportunity, socialization) determine decision become an entrepreneur, using a quantitative methodology with representative sample 27,341 American individuals (including 4,416 entrepreneurs). The results partially support these show differ from profile indicated previous literature. In addition, seem indicate level country determines strength which studied entrepreneurship.