Determinants of Entrepreneurs in Logistic Industry: Gem Study Analysis

Abstract

The subject of this paper's analysis are the determinants of entrepreneurs in the early stages of the development of their ventures in logistic industry. The goal is to identify the factors that influence the decision to engage in entrepreneurial activity in the logistics sector. For the analysis, the Global Entrepreneurship Monitor (GEM) database was used, from which 73,806 respondents from European countries were filtered, of which 192 were from the field of logistics. Statistical analysis was performed using the statistical analysis software package Stata IC 15.0. The research covers demographic factors, growth factors, internationalization factors and motivational factors. Demographic factors (gender, age, work status) are statistically significant for entrepreneurs in the field of logistics. Men are more likely to be entrepreneurs in the logistics sector. The 18 to 25 and 45 to 54 age groups are most likely to engage in these ventures. Self-employed is the predominant work status of these entrepreneurs. Entrepreneurs in the field of logistics are characterized by the expectation of an increase in the number of employees, as well as a significant percentage of realized income from abroad. Financial motivators are what drive entrepreneurs in the logistics sector.