Entrepreneurial and Institutional Analysis of Biodiesel Companies in Mexico

Abstract

The objective of the chapter is to analyze the role of the institutions in the biodiesel industry, in order to know if there is a relationship with the quality and maturity of the same with the ventures. Starting from a literary review, the framework of the current situation is identified, covering aspects related to formal institutions, laws, rules, regulatory bodies, and the theory that supports the relationship between institutions and entrepreneurship. The chapter concludes that the institutions in Mexico have increased their maturity and incentive to increase the number of producers and distributors of biodiesel, thus taking advantage of the growing market.