Entrepreneurship Motivation in the 21st Century in Terms of Pull and Push Factors

Gódány, Zsuzsanna; Mura, Ladislav; Zsigmond, Tibor

doi:10.18421/tem101-42

Cited by 29 publications

(22 citation statements)

References 16 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Among these, the manager can influence the business activities, decision making, performance, and value of the firm due to the motivation of the start-up of the manager. Gódány et al [17] suggested the push factors as having a decisive effect on the turnover of managers. Since the manager's remuneration can be a representative push factor, if the managerial compensation is the decisive motive for starting a business and the manager's compensation is low, job turnover and negligence can occur.…”

Section: Literature Review and Research Hypothesesmentioning

confidence: 99%

Effect of SME’s Managerial Ability and Executive Compensation on Firm Value

Park

Byun

2021

Sustainability

View full text Add to dashboard Cite

This paper analyzes the impact of the managerial ability and level of compensation on firm value in small and medium enterprises. The ability of managers is important for the sustainability and growth of small and medium enterprises because they lack awareness of resources, technology, and reputation compared to large enterprises. The managerial ability is the ability to efficiently utilize resources and choose the investment plan with the highest future net cash flows. Managerial ability is also an indicator of the level of compensation for executives. Therefore, the level of executive compensation can help a firm value or growth if it is based on managerial abilities. In addition, high executive compensation standards can be an opportunity or motivation to work hard for the wealth of companies and shareholders. We analyzed 1872 small and medium-sized companies listed on the Korean stock market to achieve the purpose of the research. We analyzed the accounting period of 6 years from 2012 to 2017. Our results have had a positive impact on firm value with executive compensation. In groups with excellent managerial skills, executive compensation has had a positive (+) impact on firm value. However, executive compensation did not have a significant impact on firm value in groups with poor managerial skills. These results validate that the CEO’s role in small and medium enterprise is important and that the level of compensation for executives is important to motivate. It also suggests that executive compensation cannot affect the firm value in groups with low managerial abilities.

show abstract

Section: Literature Review and Research Hypothesesmentioning

confidence: 99%

Effect of SME’s Managerial Ability and Executive Compensation on Firm Value

Park

Byun

2021

Sustainability

View full text Add to dashboard Cite

show abstract

“…gold during the so-called gold standard), but its concept is completely different in that it is not linked to another commodity Buleca 2012, Orgonáš et al 2020). Enforcement here takes the form of a legal norm by which a public authority establishes and implements a specific system of money and systematically regulates with its legal system the individual aspects of its circulation and protection, thus enshrining the currency as a legal form of money (Godany et al 2021, Repnikova et al 2019, Wulandari et al 2019. The establishment of a currency is always a legal act and the currency is one of the attributes of state sovereignty (Prokopenko and Kornatowski 2018).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Bitcoin price as one of basic cryptocurrencies in relation to the basic stock market's indicators

Korauš¹,

Vagaská²,

Bačík³

et al. 2021

JESI

View full text Add to dashboard Cite

During 2020, factors such as the global pandemic, financial uncertainty and the US election saw an increase in the correlation between bitcoin and gold and the stock market. Both bitcoins and gold rose sharply during 2020, thanks to the relentless press of fiat money by governments and central banks that intend to keep their economies afloat as a result of the coronavirus pandemic. As digital gold, BTC appeals to the cashless Internet economy largely for its features, which include continuous price transparency and a lack of restrictions, disruptions or third-party oversight. The paper focuses on the analysis and identification of the relationship between the value of basic cryptocurrencies and gold price movements, as well as the research hypothesis that the value of the most known and used cryptocurrency bitcoin (BTC) increases with the rising price of gold -a special commodity that serves several functions of the world economy. This issue is currently gaining more and more attention also in context of risk management which is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities and mobile commerce in the aspect of the impact of modern technologies and mobile communication platforms on consumer behavior and consumer preferences. Innovatively, we have made our observations of the price of bitcoin in relation to price fluctuations in the gold markets in order to develop a predictive model for simulating the development of the price of bitcoin. The mathematical model was developed on the basis of statistical analysis of the observed data.

show abstract

“…Although the pull motivation of start-ups is extremely private factors, such as wanting to run one's own business, be recognized by others, etc. [5], the aggregate of these motivations could make the economies of many countries more innovative and dynamic. However, business creation alone is not sufficient to grow the national economy and increase employment.…”

Section: Introductionmentioning

confidence: 99%

Innovation Capabilities and the Performance of Start-Ups in Korea: The Role of Government Support Policies

2021

View full text Add to dashboard Cite

What kind of capacity is needed to improve the performance of start-ups? How effective are government support policies in improving start-up performance? Start-ups are critical firm group for ensuring the prospective and sustainable growth of an economy, and thus many countries’ governments have established support policies and they are likely to engage more widely in forward-looking political support activities to ensure further growth and expansion. In this paper, the effect of innovation capabilities and government support policies on start-up performance is examined. We used an unbalanced panel data analysis with a random effect generalized least squares. We investigated the effect of government support policies on 4368 Korean start-ups. The findings indicated that technology and knowledge capabilities had positive effects on the sales performance of start-ups, and government financial support positively affected the relationship between knowledge capability and firm performance. However, when government financial support increased, marketing capability was negatively associated with firm performance. These results demonstrate the significant role of government financial support, including its crowding in but also its crowding out effect. Practical implications: To be more effective, governments should employ innovation-driven entrepreneurship policy approaches to support start-ups. To improve their performance, start-ups need to increase their technology and knowledge capabilities. This study extends recent efforts to understand more fully the effect of government support policies on start-ups differing in their technology, knowledge, and marketing capabilities.

show abstract

Entrepreneurship Motivation in the 21st Century in Terms of Pull and Push Factors

Cited by 29 publications

References 16 publications

Effect of SME’s Managerial Ability and Executive Compensation on Firm Value

Effect of SME’s Managerial Ability and Executive Compensation on Firm Value

Bitcoin price as one of basic cryptocurrencies in relation to the basic stock market's indicators

Innovation Capabilities and the Performance of Start-Ups in Korea: The Role of Government Support Policies

Contact Info

Product

Resources

About