Measurement and structural invariance of entrepreneurial investment climate: A cross-country scale development

Dae il Nam; Juhee Kim; Jonathan D. Arthurs; John J. Sosik; John B. Cullen

doi:10.1016/j.ibusrev.2016.01.004

Measurement and structural invariance of entrepreneurial investment climate: A cross-country scale development

Dae il Nam, Juhee Kim, Jonathan D. Arthurs, John J. Sosik, John B. Cullen

Management Division (Great Valley)

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

Abstract

Testing invariance is important in cross-cultural studies because a lack of invariance may bias empirical results and lead to improper theoretical inferences. This study introduces and validates a scale for measuring entrepreneurial investment climate, consisting of four factors: Societal stability, Labor and Regulations, Quality of Infrastructure, and Ease of Finance. The instrument was developed using World Bank Group data from 51,169 firms and 72 institutional profiles to determine investment climate. Confirmatory factor analyses reveal the validity of the scale and its robustness across country types and time. The study's implications for practice and future research are discussed.

Original language	English (US)
Pages (from-to)	1053-1065
Number of pages	13
Journal	International Business Review
Volume	25
Issue number	5
DOIs	https://doi.org/10.1016/j.ibusrev.2016.01.004
State	Published - Oct 1 2016

All Science Journal Classification (ASJC) codes

Business and International Management
Finance
Marketing

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