V ICEM25 · Valencia
International Conference on Entrepreneurial Motivation
October 20-21, 2025
Bold steps: Entrepreneurship in times of change
Scientific Board
Alicia Mas-Tur
Co-President
Andrea Rey-Martí
Co-President
Norat Roig-Tierno
Scientific Deputy
Maria Orero-Blat
Program Deputy
Lola Garzón-Benítez
Honorific Chair
Scientific Committee
We are a group of researchers committed to entrepreneurship and its implications for the business world and society. We seek transferable research to society that contributes to a more sustainable tomorrow.
Adela Valero Aleixandre, Univ. València, Spain
Alberto Ferraris, Univ. of Turin, Italy
Alexandra Mora, TEC, Costa Rica
Antonia Mohedano Suanes, Univ. València, Spain
Antonio Leal Rodríguez, Univ. Sevilla, Spain
Carla Martínez-Climent, Univ. Politècnica de València, Spain
Clara Martínez-Fuentes, Univ. València, Spain
Dianne Welsh, Univ. Greensboro, USA
Edurne Zubiria Ferriols, Univ. Jaume I, Spain
Filomena Maggino, Sapienza Univ. of Rome, Italy
Francesca Ricciardi, Univ. degli Studi di Torino, Italy
Francisco Muñoz Murgui, Univ. València, Spain
Francesco Perotti , Univ. of Turin, Italy
Gema Albort Morant, Univ. Sevilla, Spain
Han Woo Park, YeungNam University, South Korea
Helena Martins Gonçalves, ISEG - Lisbon School of Economics & Management, Portugal
Hsin-Yu Huang, LeeMing Institute of Technology, Taiwan
Huai-Te Huang, National Taiwan Normal University, Taiwan
Huang Hsin Yu, LeeMing Institute of Technology, Taiwan
Ilu Vallet Bellmunt, Univ. Jaume I, Spain
Ingrid Wakee, Ams. Univ. App. Sciences, The Netherlands
Inmaculada Bel Oms, Univ. València, Spain
Irene Comeig, Univ. València, Spain
Lola Garzón, Univ. València, Spain
Lorenzo Revuelto, Univ. València, Spain
Luis Martínez Cháfer, Univ. Jaume I, Spain
Manuela Pardo, Univ. València, Spain
Mª Ángeles Escribá Moreno, Univ. València, Spain
Mª Ángeles Revilla, Univ. de Sevilla, Spain
Mercedes Marqués Andrés, Univ. Jaume I, Spain
Pedro Baena Luna, Univ. Sevilla, Spain
Sang Lee, Univ. of Nebraska-Lincoln, USA
Shikhar Sarin, Boise State Univ., USA
Silvana Trimi, Univ. of Nebraska-Lincoln, USA
Simona Grande, Univ. degli Studi di Torino, Italy
Sonia Dasí-Rodríguez, Univ. València, Spain
Teresa Martínez Fernández, Univ. Jaume I, Spain
Teresa Vallet Bellmunt, Univ. Jaume I, Spain
Trina Sego, Boise State Univ., USA
Víctor del Corte Lora, Univ. Jaume I, Spain
Wen-Chin Tsen, LeeMing Institute of Technology, Taiwan
Organizing Committee
Sandra Enri-Peiró
Nuria Chaparro
Melanie Grueso
Paula Tonda
Alberto Badenes
María Rodríguez-García
Ferran Portilla
Marisa Alba Muñoz
Clara Sebastián
María Fernández
Carla Martínez-Climent
Plenary Speakers
Alexandra Mora Cruz
Alexandra Mora-Cruz holds a Ph.D. in Business Management and a Master of Business Administration, with a focus on finance, from the Technological Institute of Costa Rica. She has served as a faculty member at the university since 2017. She currently coordinates the Ph.D. in Business Management and Master's in Business Research programs at the institution. Her research focuses on digital transformation in business and education, innovation in entrepreneurship, crowdfunding platforms, and value creation through technology. Dr. Mora-Cruz has co-authored peer-reviewed articles in journals such as Technological Forecasting and Social Change, the International Entrepreneurship and Management Journal, and the European Journal of Innovation Management. Her professional experience encompasses roles in administration, finance, and human resources management, in addition to her academic pursuits. Ph.D. Mora-Cruz actively promotes integrating academic knowledge and practical applications to foster entrepreneurial ecosystems and organizational development.


Maria Mifsud
Maria Mifsud is an economist specialized in social economy. She holds a degree in Economics from the University of Valencia and a Master’s in International Economics and Development from the Complutense University of Madrid. She has also received specialized training in financing for social economy organizations.
She is a member of the worker cooperative Facto, where she works as an economic consultant, advising companies and collective entrepreneurship projects within the field of the social economy. Her professional background stands out for the development and implementation of financial and management strategies that enhance the viability and economic sustainability of such initiatives, taking into account their specific challenges, context, and constraints.She is also a lecturer at academic institutions such as TecnoCampus, where she teaches subjects related to economic management and financing in the field of the social economy.
Maria also coordinates Coop Maresme, a territorial initiative recognized for promoting and strengthening the social economy. This project fosters the creation and consolidation of collective entrepreneurship initiatives—especially those based on cooperative models—and supports the development of new enterprises with territorial impact, democratic governance, and participatory management.
Her solid professional career combines economic and financial consultancy for social economy enterprises, territorial development, and the promotion of collective entrepreneurship, with a recognized specialization in the cooperative model as an innovative and sustainable form of entrepreneurship.
ICEM 25 · Program
MONDAY OCT 20
15:00 Registration
15:30-15:45 (ROOM A): Welcome and Opening of ICEM 2025
15:45-16:30 (ROOM A): Plenary Session – “Entrepreneurship in the FinTech Era: The Impact of Crowdfunding and Buy Now Pay Later on Modern Ventures”
Plenary speaker: Prof. PhD. Alexandra Mora, TEC Costa Rica
16:30-18:15 (ROOM A): Sustainable entrepreneurship & green practices
Chair: PhD. Elena Cerdá and Ferran Portilla
- GREEN PUBLIC PROCUREMENT: ARE SLOVAK FIRMS READY?; Mária Murray Svidroňová, Juraj Nemec, Nikola Trebuľová
- IDENTIFYING EUROPE’S SOCIAL INNOVATION ENTREPRENEURS THROUGH MACHINE LEARNING PREDICTIVE MODELLING; Colin Donaldson, Angel Peiro-Signes, Marival Segarra-Oña
- RISING TEMPERATURES, DECREASING COSTS AND RISKS: ASSESSING THE FINANCIAL BENEFITS OF CLIMATE CHANGE INSTRUMENTS; Tomás Félix González Cruz, Francesco Martielli
- DOES NATIONAL CULTURE MODERATE THE IMPACT OF BOARD COMPOSITION ON ESG CONTROVERSIES?; Isabel María García Sánchez, Melanie Grueso Gala
- IMPACT OF EU SUSTAINABILITY LEGISLATION ON FINANCIAL INSTITUTIONS` STRATEGIES AND REPORTING; Aneta Maria Kosztowniak, Andrzej Tomasz Kosztowniak
- THE ETHICAL PRINCIPLES AS A COMMITMENT ADHERENCE TO ESTABLISHED RULES AND RESPONSIBLE BEHAVIOUR IN COLLABORATIVE NETWORKS; Arantxa Viñal-Yuste, Francisco Mas-Verdú, Norat Roig-Tierno
- INNOVATIVE ACTIVITY OF ENTREPRENEURS ACROSS CULTURES; Sue Abdinnour, Chris Broberg, Masud Chand, Sesan Adeniji
16:30-18:15 (ROOM B): Education and sustainable change
Chair: PhD Maria Orero-Blat and Lola Bolinches
- CONFIRMATORY FACTORIAL MODEL OF ENTREPRENEURSHIP; Cruz García Lirios
- STUDENT'S MOTIVATIONAL FACTORS IN EXTRACURRICULAR TRAINING FOR ENTREPRENEURIAL COMPETENCE IN PRIMARY EDUCATION DEGREE, AND THEIR LEVEL OF KNOWLEDGE; Jessica Paños Castro, Arantza Arruti
- CAPITAL HUMANO E INTELIGENCIA EMOCIONAL COMO CLAVES PARA IMPULSAR LA INTENCIÓN EMPRENDEDORA SOSTENIBLE EN LA EDUCACIÓN UNIVERSITARIA; Virginia Fernández Pérez, Rosaura Fernández Pascual, Ana María Montes Merino, Oswaldo Aguilar Granda
- INFLUENCIA DE LOS RASGOS DE PERSONALIDAD EN LA AUTOEFICACIA Y LA INTENCIÓN EMPRENDEDORA SOSTENIBLE: UN ANÁLISIS DEL EFECTO MODERADOR DEL VALOR CULTURAL DE LA ORIENTACIÓN AL LARGO PLAZO EN ESTUDIANTES DE LA GENERACIÓN Z; Gustavo Barrera-Verdugo, Jaime Cadena-Echeverría
- FOSTERING FUTURE SKILLS: PERSONALITY MEETS ENTREPRENEURSHIP EDUCATION; Bettina Merlin, Cherilyn Hehl
- EXPLORING LEARNING GOALS IN ACADEMIC ENTREPRENEUSHIP TRAINING: QUANTITATIVE INSIGHTS FROM NSF I-CORPS PARTICIPANTS; Nathalie Duval-Couetil, Yi Wang
- EMPOWERING ACADEMIC AND NON-ACADEMIC STAFF IN HIGHER EDUCATION TO STRENGTHEN ENTREPRENEURIAL COMPETENCES: A LIFELONG LEARNING PERSPECTIVE; Aistė Ragauskaitė, Simona Pilkienė, Jurgita Zaleckienė
18:00-18:15 Coffee Break
18:15-20:00 (ROOM A): Entrepreneurial Ecosystems
Chair: PhD. Nuria Chaparro and María Fernández
- INSTITUTIONAL DIRVERS AND BARRIERS TO SME GROWTH IN RURAL SAUDI ARABIA: ALIGNING ENTREPRENEURSHIP WITH VISION 2030; Albandari Alsaeed
- THE ROLE OF ENTREPRENEURSHIP IN SMES IN DEVELOPING SAUDI RURAL ECONOMY; Albandari Alsaeed Swansea, Paul Jones, Samuel Ebie
- AGRONEGOCIO FAMILIAR Y DESARROLLO SOSTENIBLE: EL EMPRENDIMIENTO COMO VÍA TRANSFORMADORA REGIONAL; Rosa Mayela Mendoza Esparza, Rebeca Hernández Torres, Marcela Rocha López
- FOSTERING TRADITIONAL AGRI-FOOD SYSTEMS: GIAHS RESILENCE AND SUSTAINABLE RURAL DEVELOPMENT THEOUGH BRANDING STRATEGIES; Celia Puzzo, Nuria Chaparro-Banegas
- INNOVATING CULTURAL SOUVENIRS THROUGH PHYGITAL DESIGN: AN ACTION LEARNING CASE FROM CDTM'S ENTREPRENEURSHIP LABATORY COURSE; Silvia Mirasol Arnau, Rocío Navarro Utiel, Teresa Latorre Carrascosa
- CHARACTERIZATION OF FINANCED AGRI-FOOD PROJECTS IN LATIN AMERICA AND THE CARIBBEAN; Oshin Huamani-Huaranca, Norat Roig-Tierno, Consuelo Calafat-Marzal
18:15 - 20:00 (ROOM B): Bridging Digital, Financial, and Social Dimensions
Chair: PhD. Alexandra García and PhD. Alexandra Mora
- MULTILEVEL ENTREPRENEURSHIP RESEARCH OF STUDENTS: CASE OF VYTAUTAS MAGNUS UNIVERSITY AGRICULTURE ACADEMY; Emilija Nugarienė, Jan Žukovskis, Jurgita Zaleckienė
- MOVING SUSTAINABILITY FORWARD: STRATEGIC ROADMAP FOR AGALEUS; Lucía Zarauz Cabezudo, Julen Castillo-Apraiz
- BRECHA DIGITAL DE GÉNERO: ANÁLISIS BIBLIOMÉTRICO Y OPORTUNIDADES DE INVESTIGACIÓN PARA EL EMPRENDIMIENTO FEMENINO; Jose Jaime-Porras, David Perea-Khalifi
- THE DIGITAL MATURITY, INSTITUTIONAL LEGITIMACY, ECONOMIC POLICY UNCERTAINTY AND ARTIFICIAL INTELLIGENCE IN ENTREPRENEURSHIP IN SPAIN: TOWARDS AN INTEGRATED ANALYTICAL FRAMEWORK (DIGIA-LEM); Jaime Flores Luján, Antonio Fernández Portillo
- EFFECTS OF EARLY-STAGE FINANCING ON THE ENTREPRENEURIAL AUTONOMY OF START-UPS: AN ANALYSIS OF VENTURE CAPITAL AS AN INSTRUMENT OF EXTERNAL FINANCING; Johannes Wahle, Markus, Bettina Merlin
- BEYOND INDUSTRY: WHAT PREDICTS ACADEMICS' ENGAGEMENT WITH PUBLIC AND SOCIAL ORGANIZATIONS?; Sofía Louise Martínez Martínez, Todd Davey, Nina Brankovic, Arno Meerman
- DIGITAL ENTREPRENEUSHIP AND SUSTAINABLE BUSINESS MODELS IN EMERGING ECONOMIES: OPPORTUNITIES, CHALLENGES, AND PATHWAYS FOR THE FUTURE; Alireza Tahoori, Maria Orero-Blat
TUESDAY OCT 21
15:00 Registration
15:30-16:15 (ROOM A): Plenary Session – “From Challenge to Solution: The Case of Facto Cooperativa and the UpmeUp Platform, Rethinking Work and Entrepreneurship through Cooperativism”
Plenary speaker: María Misfud, Facto Cooperativa
16:15 – 18:00 (ROOM A): Female entrepreneurship
Chair: PhD. Sandra Enri-Peiró & Paula Tonda
- TOOLING THE FUTURE IN THE METALWORKING INDUSTRY: INTRAPRENEURIAL GROWTH AT MESPRU; Alba Ochoa Iturralde, Julen Castillo-Apraiz
- EMPLOYMENT OR BUSINESS: WHAT SLOVAK YOUNG ADULTS PREFER AS THEIR FUTURE CAREER?; Mária Murray Svidroňová, Matúš Kubák
- GENDER ALONG THE STAGES OF SOCIAL ENTREPRENEURSHIP; Cesare Riillo, Kyung Eun Park
- WOMEN IN THE MACHINE: GENDER ROLES, SOCIAL CAPITAL, AND ENTREPRENEURIAL EMPOWERMENT IN AI MICRO VENTURES; Elena Cerdá-Mansilla, Carla Martínez-Climent, Sandra Enri-Peiró, Gabriela Ribes-Giner
- WOMEN’S ECONOMIC EMPOWERMENT THROUGH ENTREPRENEURSHIP: A BIBLIOMETRIC STUDY OF FEMALE ENTREPRENEURIAL DEVELOPMENT IN LATIN AMERICA; Tannia Solano, Alicia Mas-Tur
- ASSESSING CYBERSECURITY COMPANY PERFORMANCE THROUGH INVESTMENT AND REPUTATIONAL ANALYSIS; Serafin Arroyo-Guerrero, José Miguel Berné Martínez, Alicia Mas Tur
16:15-18:00 (ROOM B): Entrepreneurship across contexts
Chair: Ferran Portilla & Marisa Alba
- DIGITAL FINANCIAL ECOSYSTEM: POTENTIAL ENTREPRENEURSHIP AND ALTERNATIVE FINANCING PLATFORMS. ECOSISTEMA FINANCIERO DIGITAL: EMPRENDIMIENTO POTENCIAL Y PLATAFORMAS DE FINANCIACIÓN ALTERNATIVA; Paula Montero-Benavides, Gema Albort-Morant, María José Palacín-Sánchez
- CULTURAL PATTERNS OF EMOTIONAL REGULATION IN FAMILY BUSINESS SYSTEMS: INSIGHTS FROM MEDITERRANEAN AND CONFUCIAN CONTEXTS; Cinzia Dessì, Andrea Vincis, Annalisa Succa
- ENTREPRENEURSHIP AND INCOME INEQUALITY: EVIDENCE FROM CROSS-COUNTRY PSEUDO PANEL DATA; Cesare Riillo, Alice Bertoletti, Francesco Lelli
- PERCEPTIONS, MOTIVATIONS, AND KNOWLEDGE OF YOUTH SOCIAL ENTREPRENEURSHIP: EVIDENCE FROM THE EUROBAROMETER AND A UNIVERSITY CASE STUDY; Rebeca Martín Díez, Mar Joanpere Foraster, Xavier Càmara Turull
- INNOVATION SYSTEMS AND SUSTAINABLE DEVELOPMENT: AN ANALYSIS FROM LOW- AND MIDDLE- INCOME COUNTRIES; Germán Antonio Arboleda-Muñoz, Nuria Chaparro-Banegas, Norat Roig-Tierno
- A SYSTEM DYNAMICS APPROACH TO ANALYZING COMPETITIVENESS IN THE BUSINESS ECOSYSTEM OF THE FURNITURE SECTOR IN OCOTLÁN, MEXICO; Edgar Hernandez-Mendoza, Humberto Perez-Ortiz
18:00-18:15 Coffee Break
18:15 – 20:00 (ROOM A): Digital entrepreneurship and innovation
Chair: PhD. Melanie Grueso Gala & María Fernández
- OVERCOMING BARRIERS AND ENHANING STARTUP PARTICIPATION IN PUBLIC PROCEDUREMENT OF INNOVATION: EVIDENCE, MECHANISMS AND POLICY DESIGN; Mauro Xesteira
- BEYOND ALGORITHMS: CULTURAL DRIVERS OF ARTIFICIAL INTELLIGENCE ADOPTION AROUND THE WORLD; Andrea GÎNGUȚĂ, Alina Elena BLEHUIU, Petru ȘTEFEA, Valentin Partenie MUNTEANU
- THE EFFECTS OF TECHNOLOGY PROGRESS AND CLIMATE CHANGES ON LABOUR MARKETS AND SOCIAL DIMENSIONS IN UE COUNTRIES; Aneta Maria Kosztowniak
- BILBIOMETRIC INSIGHTS INTO THE CONVERGENCE OF UNIVERSITY AND CORPORATE SPIN-OFF RESEARCH; Ferran Jordi Portilla-Salas, Nuria Chaparro-Banegas, Norat Roig-Tierno, Francisco Mas-Verdú
- RELACIÓN ENTRE LAS POLÍRICAS DE INNOVACIÓN Y LA FELICIDAD CIUDADANA: ANÁLISIS DE LOS PÁISES NÓRDICOS- DINAMARCA Y SUECIA; Gonzalo Belenguer Muncharaz
- PATHWAYS TO FAMILY FIRM PERFORMANCE IN SOUTHERN EUROPE; Alexandra García Joerger, Montserrat Boronat Navarro, Andrea Rey Martí
- EXPLORING THE INTERSECTION OF NATURE-BASED SOLUTIONS AND GIAHS IN SUSTAINABLE TOURISM RESEARCH: A BILBIOMETRIC STUDY; Marisa Alba Muñoz, Norat Roig Tierno, José María García Álvarez Coque
18:15 – 20:00 (ROOM B): Resilient and Innovative Entrepreneurship
Chair: PhD. Carla Martínez-Climent and Lola Bolinches
- YOU CANNOT FIGHT ALL BATTLES AT ONCE AND LEAP OVER A CHASM IN TWO JUMPS: SMALL ENTREPRENEURS' RESILENCE UNDER ONGOING SHOCKS; Stanislav G. Pashkov, Alexander Y. Chepurenko, Anastasia I. Egorova
- ENTREPRENEURIAL MOTIVATION AND KNOWLEDGE MANAGEMENT: ENABLERS OF RESILENCE AND INNOVATION IN SMES; Alessandra Vitale, Marco Valeri
- OPERATIONALISING ABSORPTIVE CAPACITY IN TOURISM SMES: MICROFOUNDATIONS OF PACAP–RACAP CONVERSION; Andrea Vincis, Cinzia Dessì
- ENERGY-EFFICENT REACTOR FOR PYROLYSIS OF WASTE PAINTS FOR SUSTAINABLE ENTREPRENEURSHIP; Surya Rajendran, Kristina Baziene
- SKIN IN THE GAME Y AMBIDESTRÍA: INCENTIVOS QUE CONVIERTEN LA VISIÓN EMPRENDEDORA EN EL VALOR FINANCIERO; Mauro Vidal Malonda, Alicia Mas-Tur, Carla Martínez Climent
- FACTORES SOCIALES, ECONÓMICOS E INSTITUCIONALES EN LA INNOVACIÓN REGIONAL: EL CASO DE COLOMBIA; María Arnal Pastor, Paula Andrea Nieto-Alemán, Norat Roig-Tierno
20:00 (ROOM A): Closing ceremony and awards
- Alicia Mas-Tur, General Co-President ICEM
- Andrea Rey-Martí, General Co-President ICEM





























































