Differences and similarities between key drivers of youth and senior starting entrepreneurs in Central and Eastern European countries

Pilková, Anna; Mikuš, Juraj; Rehák, Ján; Pšenák, Peter

doi:10.1080/14631377.2022.2079058

Cited by 4 publications

(8 citation statements)

References 79 publications

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“…GEM Global reports as well as GEM-based country reports of over two decades show that men in almost every country are involved in entrepreneurial activities more often than women (Martinović and Lakoš 2012;Schøtt et al 2015;Pilkova et al 2019). This is also true for Germany, which is the focus of the empirical core of our paper.…”

Section: Factors In Youth Entrepreneurshipmentioning

confidence: 64%

Youth Entrepreneurship in Germany: Empirical Evidence on the How, the Why, the How Many, the Who and the When

Sternberg

Breitenbach²

2023

Economies

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Youth entrepreneurship is an increasingly prominent aspect of entrepreneurship support policies, but there is surprisingly little relevant research-based empirical evidence. This research gap is particularly noticeable when it comes to the personal and contextual factors that steer young people’s decision to start a business. Using statistically representative survey data from the Global Entrepreneurship Monitor for Germany, we apply logit regressions to determine the influence of 10 independent variables on the likelihood of starting a business. We distinguish between 18–24-year-olds and 25–64-year-olds as well as between founders and non-founders. Self-efficacy in entrepreneurial skills, fear of failure and gender are the strongest influencing variables for the person-related factors and knowledge of other founders for the contextual factors. For younger people, the formal level of education and the perception of local entrepreneurial opportunities do not play a role in the decision to start a business, whereas they are very important for older people. Our results suggest that start-up promotion policies should explicitly address the empirically proven factors of youth entrepreneurship instead of a ‘one size fits all’ policy for new businesses, regardless of the age of the founders.

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Section: Factors In Youth Entrepreneurshipmentioning

confidence: 64%

Youth Entrepreneurship in Germany: Empirical Evidence on the How, the Why, the How Many, the Who and the When

Sternberg

Breitenbach²

2023

Economies

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“…Nowadays, it is common for governments implement public programs to help entrepreneurs or motivate people to open new businesses. These programs influence different factors such as early stage entrepreneurial activity, innovation, and help to overcome COVID-19 [61,[63][64][65]. Pilková et al [64] found that well-designed government programs foster entrepreneurial activity, especially in young people; such programs help entrepreneurs deal with the challenges of creating a new business, for example, with financial assistance or by facilitating the interaction between stakeholders.…”

Section: Government Programs and Entrepreneurial Activitiesmentioning

confidence: 99%

“…These programs influence different factors such as early stage entrepreneurial activity, innovation, and help to overcome COVID-19 [61,[63][64][65]. Pilková et al [64] found that well-designed government programs foster entrepreneurial activity, especially in young people; such programs help entrepreneurs deal with the challenges of creating a new business, for example, with financial assistance or by facilitating the interaction between stakeholders. The government can also propose social impact projects to entrepreneurs and non-governmental organizations [66].…”

Section: Government Programs and Entrepreneurial Activitiesmentioning

confidence: 99%

“…Government programs negatively impact entrepreneurial activities, contrary to the results of Guerrero et al [54], which indicate that efficient short-term adaptability of government to external issues creates positive aspirations for entrepreneurs to grow. Pilková et al [64] state that government programs help entrepreneurs deal with the challenges of creating a new business, for example, with financial assistance or by facilitating the interaction between stakeholders; perhaps in other studies, the benefits of government programs were found. These findings contribute to the literature with the negative impact of government efforts on entrepreneurial activity.…”

Section: Latin America Determinants Of Entrepreneurial Activitiesmentioning

confidence: 99%

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Comparative Analysis of the Determinants of Entrepreneurial Activities in the Middle East and Latin America

Melchor-Duran,

Villegas-Mateos

2024

World

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This study aims to contribute to advancing the understanding of entrepreneurial ecosystems, Latin American development, and the evolution and future perspectives of the Middle East. It used a cross-sectional research design and quantitative data with 750 observations from the Global Entrepreneurship Monitor, specifically the National Experts Survey and the Adult Population Survey. The results were analyzed by the Partial Least Squares Technique (PLS-SEM) by grouping countries into two balanced samples of underexplored regions: the Middle East and Latin America. The two regions, Latin America and the Middle East, have diverse entrepreneurial ecosystems; each condition impacts entrepreneurial activities in different ways. In Latin America, the most significant variable is “Physical Infrastructure”, while in the Middle East, the most significant determinants are “Commercial and Professional Infrastructure” and “Entrepreneurship Culture”. This study shows that to support entrepreneurial activities, each region requires different settings for their entrepreneurial ecosystems. It contributes to the literature on regional entrepreneurial ecosystems and to less explored regions to advance our understanding, which will drive better policies and actions.

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“…The sociological view of fear of failure in entrepreneurship is that fear of failure derives from the anticipation of social rejection and is informed by the presence of social norms that see failing as a shameful experience. Despite this, Pilková et al. (2022) posited that fear of failure is essential for one's decision to become an entrepreneur.…”

Section: Literature Reviewmentioning

confidence: 99%

Do psychological and social factors drive female youth entrepreneurial readiness: the moderating effect of entrepreneurial education

Quagrainie

2023

JEPP

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PurposeUsing resource-based theory as a base, this paper aims to analyse the moderating role of entrepreneurial education on the relationship between psychological (perseverance and fear of failure) and social (family support and role models) factors as they related to entrepreneurial readiness among female youth.Design/methodology/approachA sample of 1914 female youth who have pursued a formal entrepreneurial course was used to understand the relationship and its impact on entrepreneurial readiness. Liner regression technique was used to understand the hypotheses set for the study.FindingsThe results signify a positive impact of perseverance and family support for entrepreneurial readiness, while that of fear of failure was negative, role models were positive but non-significant. Entrepreneurial education was key for enhancing psychological and social factors abilities for female youth entrepreneurial readiness.Research limitations/implicationsThe cross-sectional data collected from females in an urban area makes the generalisation of the findings challenging.Practical implicationsPolicymakers and academia are to be cognizant of the fact that formal entrepreneurial education is a contributor to entrepreneurial readiness.Originality/valueThis study adds to the paucity of research on entrepreneurial readiness of female youth in developing economies like Ghana with the identification and explanation of its antecedents as well as situating it in both resource-based view and social capital theories.

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Differences and similarities between key drivers of youth and senior starting entrepreneurs in Central and Eastern European countries

Cited by 4 publications

References 79 publications

Youth Entrepreneurship in Germany: Empirical Evidence on the How, the Why, the How Many, the Who and the When

Youth Entrepreneurship in Germany: Empirical Evidence on the How, the Why, the How Many, the Who and the When

Comparative Analysis of the Determinants of Entrepreneurial Activities in the Middle East and Latin America

Do psychological and social factors drive female youth entrepreneurial readiness: the moderating effect of entrepreneurial education

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