Project Publications
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Holienka, M., Pilková, A., & Munk, M. (2014). Business Restart in Visegrad Countries (chapter 8) In: A.S. Gubik & K. Wach K. (Eds.), International Entrepreneurship and Corporate Growth in Visegrad Countries. Miskolc: University of Miskolc (ISBN: 978-3-200-03673-4).
Full text: pdf (free download)
Abstract
The main goal of our study is to analyse business restarts in the Visegrad (V4) countries on an individual level and to identify the key drivers of restart activity from among perceptual variables. The analysis is based on Global Entrepreneurship Monitor data. We employ descriptive statistics to analyse the quantitative aspect of business restart and regression modeling to identify its drivers. Our findings proved that business discontinuation and consequent restart are both integral parts of entrepreneurship in V4 countries. Entrepreneurial self-efficacy and fear of failure, together with gender and age, proved to have a significant relationship with individual restart activity. The individual perceptual variables as components of entrepreneurial potential, as well as the issue of inclusiveness, proved to play an important role in business restart. Our study is the first comprehensive analysis of the under-researched topic of business restart in the V4 region. In addition to highlighting its importance as an integral part of entrepreneurial dynamics in the V4 countries, it also identifies individual-level drivers of this specific type of entrepreneurial activity.
Keywords: entrepreneurship, discontinuation, restart, restart drivers, Global Entrepreneurship Monitor (GEM)
JEL classification: L26
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Czech Republic
Hungary
Poland
Slovakia
Contact:
Dr hab. Krzysztof Wach
Cracow University of Economics
wachk@uek.krakow.pl
www.wach.uek.krakow.pl
