The article presents an extension of the theory of planned behaviour (TPB) to identify, in a Latin American university, the students who are children of entrepreneurial parents and the determinants of their willingness to succeed them. The TPB is used as a basis to analyse the intention to be a successor, and three constructs are added: affective commitment, normative commitment and parental role model. The analysis is carried out using structural equations via the partial least squares (PLS) method, which allows for the study of multiple relationships between construct-type variables. The sample includes 16,185 Latin American university students from the Global University Entrepreneurial Spirit Students’ Survey 2018 database. The results show that, in Latin American students, the determining factors in the intention to be a successor are attitude, the affective and normative commitment and the parental role model. The latter has a negative and significant effect on the intention to be a successor in the family business. One of the practical implications of this study has to do with the development of an affective feeling of the offspring towards the family business. Generating this kind of attachment since childhood could lead to achieving a greater relevance of the parental role model and a stronger interest in the succession of the business.

The article analyzes the influence of knowledge and skills on the financial attitude of university students. Financial knowledge, skills, and attitudes are components of what is called financial literacy. The theory of human capital emphasizes the importance of investing in human capital to enhance individuals' decision-making. The empirical analysis uses a sample of 531 university students from Tacna, Peru. The results of the proposed structural equation model corroborate that financial knowledge and skills directly and positively influence university students' financial attitude. The findings offer important implications for students and higher education institutions by highlighting the importance of incorporating courses and workshops on personal finance to acquire knowledge and improve students' financial skills and, consequently, facilitate the development of a financial attitude that allowsthem to make more informed financial decisions.

This paper overviews the sources currently financing entrepreneurship in Chile, with special emphasis on public instruments, and uses the information gathered by Global Entrepreneurship Monitor (GEM) Chile between 2003 and 2006 to test the hypothesis that, despite public efforts, there is still a finance gap, and that this may significantly influence domestic economic performance in the long term. After a thorough bibliographic review regarding financial alternatives in Chile and a descriptive analysis of GEM data, results show that while there is sufficient available public funding in Chile, it is not being channeled to a sufficiently wide range of entrepreneurs. Some of the factors that reduce the impact of Chilean public financing policies and that require further research include the lack of competitive high-tech clusters within the country; the lack of attention given to informal investment and to the training of entrepreneurs; and the existence of centrally designed programs that do not take into account the geographical organization of capital markets and the spatial differences and gaps in private financing.

Informal investment represents one of the main sources to finance early-stage new ventures. Despite the progressive participation of women in informal investment, little is known about the characteristics of female informal investors, especially in developing countries. This study examines the gender differences of a sample of 613 informal investors in Chile. To this end we used the database from the Global Entrepreneurship Monitor Chile 2007–2008 and applied tests of differences in proportions and means for independent samples. The results show that there are significant gender differences in some socio-demographic variables, like education and work status, and also in the perception of good opportunities and the fear to failure. Additionally, women invest smaller amounts and expect lower returns than men do. Finally, women invest more than men in close family. Policy implications of these results are discussed. Santrauka Neformalios investicijos – vienas pagrindinių šaltinių, iš kurių finansuojamos naujai besikuriančios arba tik pradėjusios savo veiklą įmonės. Nepaisant to, kad neformalioje investicijų veikloje palaipsniui daugėja moterų, gana mažai žinoma apie jas kaip neformalias investuotojas, ypač besivystančiose šalyse. Autoriai atliko tyrimą Čilėje, kuriame dalyvavo 613 skirtingų lyčių investuotojų, kurie buvo paimti iš duomenų bazės „Global Entrepreneurship Monitor Chile 2007–2008 m“. Autorių atliktų tyrimų rezultatai rodo, kad vis dėlto kai kuriuose socialiniuose demografiniuose kintamuosiuose esama reikšmingų lyčių skirtumų, pavyzdžiui, išsilavinimas ir užimamos pareigos, perspektyvų darbovietėje suvokimas, karjera ir nesėkmės baimė. Atlikę tyrimą autoriai nustatė, kad moterys labiau linkusios investuoti mažesnes sumas nei vyrai.

While there is a growing body of studies on persistence and change in municipal start-up rates in more developed countries, this type of study for developing countries is still scarce. This work analyzes the spatio-temporal dynamics of municipal business start-up rates in Chile between 2005 and 2015 using spatial panel data for 342 Chilean municipalities from the Internal Revenue Service (SII) database and the National Municipal Information System (SINIM). We employ descriptive statistics, spatial analysis, Markov chains and econometric models to identify persistence and change in the start-ups rates and identify the determinants of the spatio-temporal dynamics in entrepreneurship rates. Results confirm a high level of persistence in the most and least entrepreneurial areas of the county but, at the same time, show mobility in the intermediate municipalities. Econometric models confirm that past rates of entrepreneurship can explain current business start-up rates, and also validate the influence of spatially sticky characteristics, in many cases related to extreme differences in economic development among Chilean municipalities. Increasing diversity and urbanization favour persistence and change, while density, poverty, mining activity and the percentage of large firms and mining have a negative impact. The results suggest place-based policies according to entrepreneurial dynamism.