JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Entrepreneur Business Climate Perceptions: Developing a Measure and
Testing a Model
Author(s): K. Mark Weaver, Eric W. Liguori, George S. Vozikis
Citation: K. Mark Weaver, Eric W. Liguori, George S. Vozikis, (2011) "Entrepreneur Business Climate Perceptions: Developing a Measure and Testing a Model," Journal of Applied Business and Economics, Vol. 12, Iss. 1, pp. 95 - 104
Article Type: Research paper
Publisher: North American Business Press
Abstract:
Annually the National Federation of Independent Businesses (NFIB) conducts the National
Small Business Poll (NSBP); a survey designed to gain a better understanding of small firm
perceptions of their local business climate. Beginning with the NSBP and NFIB methodology,
two independent samples of small Louisiana firms (N=719 and 508, respectively) were drawn.
From these samples this paper presents both a refined measure and anecdotal model of business
climate perceptions. Results indicate that a three-dimension 12-item measure can be used to
assess local business climate. Additionally, each dimension (institutional support for
entrepreneurship, public support for entrepreneurship, and business climate entrepreneurial
orientation) significantly predicted overall business climate perceptions across an industry
diverse sample.