Méndez Picazo, María Teresa

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First Name
María Teresa
Last Name
Méndez Picazo
Universidad Complutense de Madrid
Faculty / Institute
Ciencias Económicas y Empresariales
Administración Financiera y Contabilidad
Economía Financiera y Contabilidad
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Now showing 1 - 4 of 4
  • Publication
    The Relationship between Green Innovation, Social Entrepreneurship, and Sustainable Development
    (MDPI, 2020-06-01) Miguel-Angel Galindo-Martín; María-Soledad Castaño-Martínez; Méndez Picazo, María Teresa
    Economic growth is one of the important objectives of economic policy due to the beneficial effects it has on employment and economic well-being. The work carried out in the last few decades has highlighted the roles that entrepreneurship and innovation play in promoting this objective. However, the environmental deterioration resulting from policies implemented to stimulate growth has led to considerations of other objectives that are more compatible with the defense of the environment, such as sustainable development. Therefore, it is important to determine the factors that stimulate them. This paper considers traditional and social entrepreneurship and innovations and green innovation. The effect of institutions as generators of legal and economic environments on both types of entrepreneurship is contemplated. On the other hand, considering the possibility of “bidirectional causality”, the relationship between both types of entrepreneurship and institutions is also analyzed. This will allow us to design measures aimed at stimulating sustainable development. The objective of this paper is to analyze these relationships through two estimates: first, an analysis of the relationship between both types of entrepreneurship and innovations and sustainable development and second, the relationship between social and traditional entrepreneurship and institutions. In both cases, the path coefficient of each of them is compared with respect to the final objective, which would be useful when designing economic policies. Empirical analysis is carried out, producing an estimation of the structural equation modeling (SEM) model using the partial least squares (PLS) technique in the case of 20 Organization for Economic Co-operation and Development (OECD) countries.
  • Publication
    The role of innovation and institutions in entrepreneurship and economic growth in two groups of countries
    (Emerald, 2019-12-04) Miguel-Angel Galindo-Martín; María-Soledad Castaño-Martínez; Méndez Picazo, María Teresa
    Economic growth is one the most relevant economic objectives for policy makers. In order to determine the variables that enhance such an objective it is important to consider different types of entrepreneurial activity. It is also necessary to consider the level of development and growth of a country to design the proper economic policy measures, given that entrepreneurship motivations and circumstances vary from country to country. Therefore, the objective of this study is to analyse the relationship between entrepreneurship and economic growth, including the role played by institutions and innovation considering two types of entrepreneurship (necessity and opportunity) and countries
  • Publication
    Effects of sociocultural and economic factors on social entrepreneurship and sustainable development
    (ScienceDirect, 2021-04) Miguel-Angel Galindo-Martín; María-Soledad Castaño-Martínez; Méndez Picazo, María Teresa
    Concern about environmental problems has led to more attention being paid to the sustainable development objective. Social entrepreneurship, and entrepreneurship in general, show a direct relationship with this objective, due mainly to the activities carried out by entrepreneurs regarding the development of new products, the search for new markets, and the introduction of innovations. Because of this, it is important to identify the variables that influence both types of entrepreneurship to adequately design measures to stimulate sustainable development through these activities. These variables can be grouped into two groups: sociocultural factors and economic factors. The objective of this paper is to analyze the behavior of these two groups over general entrepreneurship and social entrepreneurship, in addition to the impact of these two types of entrepreneurship on sustainable development. To carry out this analy sis, we have developed an empirical analysis with structural equations for the case of 15 OECD countries between 2015 and 2016
  • Publication
    Fear of failure, entrepreneurial passion and entrepreneurial motivation
    (Springer, 2023-10-09) Miguel-Angel Galindo-Martín; María-Soledad Castaño-Martínez; Méndez Picazo, María Teresa
    In the analysis of entrepreneurial motivation, passion is one of the factors currently receiving attention, since passion drives the emotional experience towards the creative process, applying talent more effectively, which would facilitate entrepreneurial motivation. The opposite occurs with the fear of failure, which has a negative impact on entrepreneurial motivation, since perceptions of obtaining good results in the activity to be started are reduced. The objective of the paper is to analyze the behavior of passion and the fear of failure in entrepreneurial business, showing the economic and cultural factors that influence this process. For this purpose, the dualistic model of passion will be used. This model considers two opposing forms of passion: obsessive passion and harmonious passion. In order to complete the study, an empirical analysis has been carried out using data from 23 OECD countries utilizing the structural equation model (SEM) that has been estimated using the partial least squares technique (PLS). The model results indicate that obsessive passion influences entrepreneurial motivation to a greater extent than harmonious passion, which would imply that entrepreneurial motivation may be reduced as the economy presents worse expectations about its evolution. In this context, it is also important to consider the effects that a pandemic situation may have on entrepreneurial motivation and in order to avoid the negative effects and be able to take advantage of business opportunities it is necessary to facilitate financing that favor the entrepreneurial environment.