Entrepreneurial intentions and entrepreneurship in European countries

Abstract

The significant importance of entrepreneurship for the economic development, job creation and innovation have increased the concerns of researchers and decision makers at different levels for the understanding and investigation of the factors that could have an impact on the level of entrepreneurial activity. In fact, differences in entrepreneurial activity and entrepreneurship are substantial, persistent and distinct from their background in different nations and / or regions, especially in Europe. Theoretical studies and empirical studies confirm that the entrepreneurial activities of individuals are the main drivers of the development of entrepreneurship, namely in terms of economic growth, mainly through the contribution to the creation of new jobs, the development of competitiveness and innovations at the enterprise.For this purpose, we used two Global Databases Entrepreneurship Monitor (GEM) of the year 2015, which were duly adapted and thus created the database for the analysis of this study, having as justification performed literature review considered the variables necessary for this purpose.Results reveal that the key determinants of the entrepreneurial intention in the European countries are: "perceived capacity" by the individual; the "entrepreneurial intention" itself which will, in fact, influence the "rate of nascent entrepreneurship"; the "governmental and political factors" in relation to the respective "financing for the entrepreneur", and the "basic education and training" in entrepreneurship which influence "research & development".

Impact of Personality Traits and Entrepreneurship Education on Entrepreneurial Intentions of Business and Engineering Students

“…Other studies focus on the impact of informal institutions on entrepreneurship. Norms and values that are embedded in society represent important determinants that shape attitudes versus business and economic behaviors, and therefore, the propensity to start a new business [25,44,45]. However, the values and norms created by the communist regime do not encourage entrepreneurial values such as self-accomplishment and control [46].…”

“…Personality-based research identify several traits specific for entrepreneurs. For instance, self-confidence, risk-taking behaviour [15], internal locus of control, innovativeness/creativity [16] and need for achievement are just some of the traits that were often examined [17][18][19][20][21][22][23][24][25]. However, although the influence of locus of control and need for achievement on the entrepreneurial intentions have long been studied in the literature, in the case of Central and Eastern Europe (CEE) countries, such as Romania, recent research offers mixed results.…”

Towards Technology and Entrepreneurship: A Perspective With Cyclic Conditions

“…System dynamics (Forrester, 1971(Forrester, , 1994(Forrester, , 1999Sterman, 2000), systems thinking (Meadows & Wright, 2008) as well as computer simulation implementation in Vensim Anon (2018) are integrated in the research approach used and illustrated in the next sections. Some qualitative validation of the system dynamics model for entrepreneurship as suggested by Barlas (1996) is also provided by using and analysing economic data obtained from OECD .…”

Understanding and Overcoming Barriers to Small Business Growth: Nigerian Evidence

“…Entrepreneurs across the globe have been recognized for creating jobs for the unemployed, contributing to a country's gross domestic product (GDP), and to the development of the community through various corporate social responsibility projects (Cowling et al, 2017). Major economic giants such as China, Japan, Germany, UK and the US are thriving on entrepreneurship and their industrialization has been brought about by entrepreneurship contributions (Teixeira et al, 2018).…”