Measurement and structural invariance of entrepreneurial investment climate: A cross-country scale development

•Explaining about how entrepreneurial climates are perceived by individuals.•Developing and validating a scale to measure entrepreneurial investment climate across 72 countries.•Invariance test for the model across different time periods and country types.•Multiple-group CFA provided evidence of invariance of the proposed four-factor model: (1) Society Stability, (2) Labor and Regulations, (3) Quality of Infrastructure, and (4) Ease of Finance dimensions.