An Estimated Model of New Venture Creation: Theories and Determinants in Tunisia

The main purpose of this research is to investigate the relationship between the new venture decision and a series of social, demographic, and cultural factors in Tunisia. Even though these factors have been the subject of several entrepreneurship studies, it is still difficult to identify which one impact significantly the decision to create a new enterprise. Data has been provided by the National Tunisian Global Entrepreneurship Monitor 2010 Project, based on the analysis of a sample of 339 cases. Through the utilization of a logistical regression, the main findings of the study show that the interaction between the three factors "perceived opportunities", "network" and "knowing other entrepreneurs" increase significantly the probability to create a new venture, while the main effect of "knowing other entrepreneurs" has a negative impact. We discuss the implications of our results for policy-makers with useful information in designing and implementing policies to promote enterprise development.