Associated factors to established entrepreneurs in Colombia, a view from GEM in 2006–2022

Abstract

The aim of this article was to analyze the key factors related to established entrepreneurs in Colombia using data from the Global Entrepreneurship Monitor (GEM) at the national level from 2006 to 2022, in cross-sectional cuts. To achieve the described objective, an asymmetric logistic model was used for rare sample events due to the low participation of established entrepreneurs in the total sample. Among the most important results, it was found that sociodemographic characteristics of individuals, such as gender, age, and level of education, as well as self-perception regarding fear of failure and the entrepreneurial environment, showed a higher association and level of significance with established entrepreneurs compared to variables associated with company or productive unit characteristics, such as sector, innovation, and use of new technology.