Title: The relationship between country specific governance and entrepreneurship

Authors: Faozi A. Almaqtari; Najib H.S. Farhan; Raba'a Salman Ali Abu-Helaleh; Saleem Ahmed Aqlan

Addresses: Department of Accounting, Faculty of Business, Economics and Social Development, University Malaysia Terengganu, Malaysia ' Department of Finance, Universal Business School, Mumbai, India ' Al-Hussein Bin Talal University, Ma'an, Jordan ' Department of Commerce, Dr. Babasaheb Ambedkar Marathwada University (BAMU), Aurangabad, M.H, India

Abstract: The current study explores the effects on entrepreneurial attitudes of country-level corporate governance and directors' liability across 52 countries over the period from 2014 to 2017. Country-level corporate governance is proxied by the six dimensions that are proposed by the Worldwide Governance Indicators. Country-level corporate governance and directors' liability are regressed against eight proxies of entrepreneurial attitudes proposed by Global Entrepreneurial Monitor. The study used balanced panel data and panel correction standard error estimation. The findings revealed that the six dimensions of the Worldwide Governance Indicators have a significant effect, varying across the eight proxies of entrepreneurial attitudes. The findings vary based on each dimension of entrepreneurial attitudes. Further, the results declared that directors' liability has a significant positive and negative effect on entrepreneurial attitudes. The results of the present study have significant implications for entrepreneurs, policymakers, and researchers. They may benefit from the current study's findings in order to improve the conditions for entrepreneurial activities.

Keywords: country-level governance; directors' liability; entrepreneurial attitudes; panel correction standard error.

DOI: 10.1504/IJPM.2023.129559

International Journal of Procurement Management, 2023 Vol.16 No.4, pp.569 - 591

Received: 17 Jul 2021
Accepted: 05 Aug 2021
Published online: 14 Mar 2023 *

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