The Business Cycle and Early-Stage Entrepreneurship in Latvia

Krūmiņa, Marija; Paalzow, Anders

doi:10.1007/978-3-319-57342-7_8

Cited by 5 publications

(8 citation statements)

References 18 publications

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“…Conceptually, we build on GEM methodological approach (GERA, 2017; Krumina & Paalzow, 2018). According to the framework, the three key components of entrepreneurship study are (1) attitudes and perceptions, (2) entrepreneurial activity and (3) aspirations and motivations.…”

Section: Methodsmentioning

confidence: 99%

“…Attitude towards entrepreneurship is an indicator if the individual would consider the occupational choice and serves as a predictor for future actions (Krumina & Paalzow, 2018). If the return migrant is not an entrepreneur, self‐employed or intrapreneur, but generally has a positive attitude, and if that is different from the non‐migrant population, it may mean a higher propensity to become one in the future (Botsaris & Vamvaka, 2016; Fayolle & Liñán, 2014).…”

Section: Background and Previous Researchmentioning

confidence: 99%

“…Furthermore, motivation for undertaking business ventures may differ – some individuals notice a business opportunity and exploit it (hence called opportunity‐driven entrepreneurship), while others may undertake it out of necessity because of lack of other occupational choices (necessity‐driven entrepreneurship). Krumina and Paalzow (2018) point out that entrepreneurial motivation is important for the future development of the economy. The opportunity‐driven kind is believed to contribute to growth more through innovation and job creation.…”

Section: Background and Previous Researchmentioning

confidence: 99%

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Back for business: The link between foreign experience and entrepreneurship in Latvia

Varpina

Krūmiņa

Fredheim

et al. 2023

International Migration

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Research shows that return migrants have a higher propensity to set up an entrepreneurial activity or be self‐employed compared to non‐migrants. We take a multidisciplinary approach and empirically study the case of Latvia as a migration donor country to learn how re‐migrants participate in entrepreneurship back at home. We are interested if return migrants can be seen as a vehicle for entrepreneurship development and if it is worth looking at them as agents of business growth and innovation. Not only we measure the fact of being entrepreneurial but also explore sources that contribute to the higher propensity, attitudes to creating own business venture, level of ambitions and population sentiment towards entrepreneurs. Based on a nationally representative adult population survey of 8000 observations, we find that early‐stage entrepreneurial activity, established business ownership as well as intrapreneurship for return migrants exceed that of the non‐migrant population. The self‐perceived capabilities to start business is higher for those who have lived abroad, and fear of failure is lower. Return migrants also have better business networks and higher growth and export ambitions. Latvian return migrant entrepreneurship is not necessity driven but rather motivated by opportunities. Migration experience, length of stay aboard and capital accumulated abroad are found to be significant predictors of probability to become entrepreneur when controlled for socioeconomic and personal factors.

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Section: Methodsmentioning

confidence: 99%

Section: Background and Previous Researchmentioning

confidence: 99%

Section: Background and Previous Researchmentioning

confidence: 99%

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Back for business: The link between foreign experience and entrepreneurship in Latvia

Varpina

Krūmiņa

Fredheim

et al. 2023

International Migration

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“…It should be stressed that attitudes towards youth entrepreneurship are embedded in several factors, including the sociocultural legitimacy and acceptance of young entrepreneurs; entrepreneurship education and training; access to finance and start-up capital; risk and self-confidence; rigorous administrative and regulatory frameworks; business development and support services; and the overall performance of the economy (Krumina & Paalzow, 2012). In a nutshell, while these factors form the key deficiencies, constraints, and impediments that young people face, they also constitute the basis for developing incentives, strategies, and tools that make -or could make -starting a business a more viable alternative for youth .…”

Section: Attitudes Towards Entrepreneurshipmentioning

confidence: 99%

Young entrepreneurs in Sub-Saharan Africa

Bourdillon

2017

Children's Geographies

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“…The significance of the study stems from the fact that the authors who explored entrepreneurship in Latvia and the Baltic countries in the post-Soviet era from 1996 to 2014, acknowledged that entrepreneurial activity adjusted relatively quickly in these countries, but at the same time entrepreneurial activity in Latvia “tends to increase owing to the fall in corruption and greater financial development.” (Brás, 2020) Later researchers pointed out that gradual economic recovery between 2005 and 2015 encouraged “a fertile ground for examining how entrepreneurship is affected by the business cycle” that resulted in rising of early-stage entrepreneurial activities mostly by necessity-driven entrepreneurship (Krūmiņa and Paalzow, 2017).…”

Section: Introductionmentioning

confidence: 99%

Individual entrepreneurial orientation: comparison of business and STEM students

Ņikitina

Licznerska

Ozoliņa-Ozola

et al. 2022

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PurposeThe present study has been designed with the aim to determine whether there are differences in individual entrepreneurial orientation (IEO) between students, doing their major in business studies and the ones whose areas of study are science, technology, engineering, and mathematics (STEM).Design/methodology/approachThe theoretical research methods comprise the review of secondary sources to build a sound theoretical framework for the research activities. The empirical research method is a survey in Latvia and Poland applying non-parametric inferential statistical methods as well as linear regression analysis to investigate which factors and components contribute to EO orientation development among different groups of students, and, thus, verify the research hypotheses.FindingsThe yielded research results demonstrate that there are significant differences between business and STEM students when they analyze their IEO. It turned out that STEM students obtain significantly lower scores for risk-taking and innovation but higher for proactiveness. Additionally, it was detected that the chosen field of study affects students’ perception of educational support, thus, influencing their innovation, proactiveness, and risk propensity characteristics.Research limitations/implicationsIn this research, the authors focused on exploring IEO among business and STEM students in Latvia and Poland, hence the findings cannot be one-to-one applied to other countries.Practical implicationsThe topicality of the theme is determined by the fact that changes in external environment require higher educational institutions (HEIs) in Latvia and Poland to foster their entrepreneurial ecosystems and re-master study programs both for business and STEM students as well as conduct projects that include students, academic staff, and business representatives – the transformation is necessary to create positive attitude towards entrepreneurship among the students and help them to consider entrepreneurial career path later.Originality/valueFactors and components which contribute to IEO development among different groups of students are under-researched in the Baltic countries, experiencing systemic transformation. The authors believe that universities can use the analysis of their students’ IEO to allocate their resources in a better way, adjust curricula to the real needs of students and facilitate entrepreneurship.

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The Business Cycle and Early-Stage Entrepreneurship in Latvia

Cited by 5 publications

References 18 publications

Back for business: The link between foreign experience and entrepreneurship in Latvia

Back for business: The link between foreign experience and entrepreneurship in Latvia

Young entrepreneurs in Sub-Saharan Africa

Individual entrepreneurial orientation: comparison of business and STEM students

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