مجلة النمو الاقتصادي والمقاولاتية
Volume 6, Numéro 4, Pages 9-20
2024-01-05

The Impact Of Public Policy On Perceived Environmental Uncertainty Of Green Entrepreneurs In Developing Countries: Evidence From Algeria



Authors : Kendil Hicham . Chohra Mohamed .

Abstract

Amid current geopolitical, health, and environmental crises, uncertainty has gained increasing prominence to become the norm in the business world. In the Green Entrepreneurship (GE) field and due to its early stages, uncertainty is supposed to be higher which calls, especially in the context of developing countries, for the return of the notion of Knightian Uncertainty. This paper aims to capture the uncertainty perceived by Green Entrepreneurs (GEs) caused by Public Policy (PP) as an important component of the Business environment. Based on the three dimensions of uncertainty, in interaction with Public Policy, and throughout the Green Entrepreneurship Process (GEP), a model capturing the Perceived Environmental Uncertainty (PEU) is proposed, transformed into a questionnaire, and distributed to 168 GEs. The context of Algeria is selected due to its environmental characteristics which are suitable with a high level of uncertainty. Results show that Public Policy's nature and relevance impact the PEU of GEs. The PEU is more clearly manifested in the epistemology dimension in which there is a dysfunction in Green Markets Data and Statistics. Furthermore, the results show that there are specific challenges and particular characteristics of GEs, compared to the conventional ones, which make uncertainty higher in their context. Our findings contribute to effectuation theory by extending its theoretical boundaries to GE specificities and the institutional context of developing countries.

Keywords

Green Entrepreneurship ; Entrepreneurship Policy ; Perceived Environmental Uncertainty ; Effectuation Theory ; Knightian Uncertainty

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