Determining environment factors of entrepreneurship in Mexico

Abstract

The objective of this research is to analyze the environmental factors that condition the entrepreneurial opening in Mexico and to define the regions with similar characteristics of the environment for entrepreneurship. To achieve these objectives, a study of quantitative approach and descriptive and causal scope was carried out, considering 14 determinants of the environment for entrepreneurship in the country, taking as sample the 32 entities in which Mexico is composed according to its political division. Statistical analysis of the main components, multiple regression and cluster analysis were used as statistical techniques. Through the statistical technique of the analysis of main components, the indicators could be grouped into three factors or environmental conditions, these being access to financing, business support and training services, and the regulatory framework. Subsequently, using a multiple regression analysis, it was observed that access to financing and the regulatory framework are the factors that significantly impact the opening of companies in Mexico. Finally, using the cluster analysis, 4 regions with specific characteristics in their environment could be identified for the enterprise. Therefore, this research allows us to conclude that to promote entrepreneurship, it is necessary that within the territories access to financing for entrepreneurs be facilitated and legal processes for the opening of businesses facilitated.