Entrepreneurial Environment and Attitudes In Hungary

Filep, Judit Csákné; Gosztonyi, Márton; Radácsi, László; Szennay, Áron; Timár, Gigi

doi:10.29180/978-615-6342-29-4

Cited by 1 publication

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“…Overall, the interviews confirmed the results of previous research [4,9,12,17,27,[42][43][44][45][46][47]76,[105][106][107]. The crisis resilience of startups does not show a consistent picture.…”

Section: The Results Of the Interviewssupporting

confidence: 79%

“…Despite the fact that Hungary (4.5), according to Hungary National Entrepreneurship Context Index (NECI)-characterizing the entrepreneurial ecosystem-ranks in the lower-middle segment of the business ecosystems in Europe (the Central and Eastern European region has an average score of 4.2), with Hungary's entrepreneurial ecosystem scoring the highest within the region [27], the Hungarian startup ecosystem has registered a decline in rank (Budapest, the capital of Hungary, decreased by double digits) based on the Startupblink report [28].…”

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confidence: 99%

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Crisis Resilience of Startup Companies (The Case of Hungary among the Visegrad Countries with a Focus on the Pandemic)

Kézai

Kurucz

2023

Sustainability

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The study examines the crisis resilience of startup companies in Hungary among the Visegrad countries as a result of the pandemic situation. It aims to provide guidance on what support is needed for startups in the post-crisis period to re-launch the economy and to contribute to the region’s economy with positive results. The research was carried out in two stages: first, in 2021 through an online survey, and then, in 2022 in-depth interviews due to the economic crisis caused by COVID-19 and the Russian–Ukrainian war. A mixed research methodology was used, which comprised an online questionnaire administered in the Crunchbase database (n = 97) and in-depth interviews among startup founders and experts of the startup ecosystem (n = 22). The research summarizes the V4 countries’ measures to protect entrepreneurship with a particular focus on startups. The research found that a crisis such as a pandemic did not have a uniformly negative impact on startups. The winners of the economic crisis are startups in IT, healthcare (Medtech. health-tech), e-commerce and digital education, while those who fared worst are startups in tourism and hospitality. The positive impact of the crisis has been a cleansing of the startup ecosystem. Business support measures supported the viable startups and helped them survive.

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