Sustainable entrepreneurial ecosystems: interdependencies of infrastructure and capital and the effects of local culture

Sumedha Weerasekara, Ramudu Bhanugopan

Research output: Contribution to journalArticlepeer-review

Abstract

Purpose: Sustainable entrepreneurial ecosystem research is an emerging trend within the entrepreneurship domain. Drawing from resource dependency theory, this study examines the interdependent nature of sustainable entrepreneurial ecosystem factors and the mediating role of local culture as it relates to entrepreneurial action. The authors collected data from 12 entrepreneurial ecosystems in Australia and developed a model of the interdependencies of sustainable entrepreneurial ecosystem factors. Design/methodology/approach: The data were collected through an e-survey of Small and Medium Entreprise (SME) owners in New South Wales, Australia. The authors applied partial least squares structural equation methodology to assess the structural models, validate the outer models and examine the inner model. Findings: The findings reinforce empirical support for sustainable entrepreneurial ecosystems. The environment where sustainable entrepreneurial ecosystems are evolved influences their functionality. Further, entrepreneurial culture mediates the relationship with other ecosystem factors. The theoretical and practical implications are discussed. Originality/value: This study focuses on understanding the interdependent nature of sustainable ecosystem factors. The authors identified entrepreneurial culture as a mediator to business support services, educational institutional support and financial capital availability with business and social networks.
Original languageEnglish
Pages (from-to)1476-1502
Number of pages27
JournalJournal of Small Business and Enterprise Development
Volume30
Issue number7
Early online date27 Jul 2023
DOIs
Publication statusPublished - 04 Dec 2023

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