DETERMINANTS OF GROWTH ASPIRATIONS: EMPIRICAL EVIDENCE OF THE SOUTH-EASTERN EUROPEAN COUNTRIES
The purpose of the paper is to explore the growth aspirations of south-eastern European (SEE) countries (Bosnia and Herzegovina, Croatia, Greece, Hungary, Macedonia, Montenegro, Romania and Slovenia) early stage entrepreneurs, concentrating on the relationship between a firm's innovative and i...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, University of Tuzla
2013-05-01
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| Series: | Economic Review |
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| Online Access: | https://www.er.ef.untz.ba/index.php/er/article/view/161 |
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| author | Karin Širec Dijana Močnik |
| author_facet | Karin Širec Dijana Močnik |
| author_sort | Karin Širec |
| collection | DOAJ |
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The purpose of the paper is to explore the growth aspirations of south-eastern European (SEE) countries (Bosnia and Herzegovina, Croatia, Greece, Hungary, Macedonia, Montenegro, Romania and Slovenia) early stage entrepreneurs, concentrating on the relationship between a firm's innovative and international orientation and its growth aspirations. Innovative orientation and international orientation are referred as the most important dimensions of the growth aspirations and can be used for strengthening of a firm from SEE countries. We used firm's aspirations about the future employment as the operational measure of entrepreneurial growth. The data for our analysis is obtained from the 2010 Global Entrepreneurship Monitor Adult Population Survey (APS) in which 1,106 early-stage entrepreneurs from eight countries were identified. The results of the binary logistic regression show that innovative orientation is negatively related to the firms' growth aspirations. This means that the adoption of new technology as well as offering new products/services weakens the growth aspirations of the early-stage entrepreneurial SEE countries firms. The predictor of international orientation, too, is negatively and significantly associated with the growth aspirations. This means that internalisation impedes SEE countries firms’ growth aspirations. The results also show that firms from innovation-driven countries have less negative growth aspirations compared to those from efficiency-driven countries.
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| format | Article |
| id | doaj-art-9d3d55b2ff374730878efea0f3c17b3f |
| institution | Kabale University |
| issn | 1512-8962 2303-680X |
| language | English |
| publishDate | 2013-05-01 |
| publisher | Faculty of Economics, University of Tuzla |
| record_format | Article |
| series | Economic Review |
| spelling | doaj-art-9d3d55b2ff374730878efea0f3c17b3f2025-02-11T00:33:22ZengFaculty of Economics, University of TuzlaEconomic Review1512-89622303-680X2013-05-01111DETERMINANTS OF GROWTH ASPIRATIONS: EMPIRICAL EVIDENCE OF THE SOUTH-EASTERN EUROPEAN COUNTRIESKarin Širec0Dijana Močnik1University of Maribor, Faculty of Economics and BusinessUniversity of Maribor, Faculty of Electrical Engineering and Computer Science, The purpose of the paper is to explore the growth aspirations of south-eastern European (SEE) countries (Bosnia and Herzegovina, Croatia, Greece, Hungary, Macedonia, Montenegro, Romania and Slovenia) early stage entrepreneurs, concentrating on the relationship between a firm's innovative and international orientation and its growth aspirations. Innovative orientation and international orientation are referred as the most important dimensions of the growth aspirations and can be used for strengthening of a firm from SEE countries. We used firm's aspirations about the future employment as the operational measure of entrepreneurial growth. The data for our analysis is obtained from the 2010 Global Entrepreneurship Monitor Adult Population Survey (APS) in which 1,106 early-stage entrepreneurs from eight countries were identified. The results of the binary logistic regression show that innovative orientation is negatively related to the firms' growth aspirations. This means that the adoption of new technology as well as offering new products/services weakens the growth aspirations of the early-stage entrepreneurial SEE countries firms. The predictor of international orientation, too, is negatively and significantly associated with the growth aspirations. This means that internalisation impedes SEE countries firms’ growth aspirations. The results also show that firms from innovation-driven countries have less negative growth aspirations compared to those from efficiency-driven countries. https://www.er.ef.untz.ba/index.php/er/article/view/161growth aspirations of early-stage entrepreneursGlobal Entrepreneurship Monitorsouth-eastern European countries. |
| spellingShingle | Karin Širec Dijana Močnik DETERMINANTS OF GROWTH ASPIRATIONS: EMPIRICAL EVIDENCE OF THE SOUTH-EASTERN EUROPEAN COUNTRIES Economic Review growth aspirations of early-stage entrepreneurs Global Entrepreneurship Monitor south-eastern European countries. |
| title | DETERMINANTS OF GROWTH ASPIRATIONS: EMPIRICAL EVIDENCE OF THE SOUTH-EASTERN EUROPEAN COUNTRIES |
| title_full | DETERMINANTS OF GROWTH ASPIRATIONS: EMPIRICAL EVIDENCE OF THE SOUTH-EASTERN EUROPEAN COUNTRIES |
| title_fullStr | DETERMINANTS OF GROWTH ASPIRATIONS: EMPIRICAL EVIDENCE OF THE SOUTH-EASTERN EUROPEAN COUNTRIES |
| title_full_unstemmed | DETERMINANTS OF GROWTH ASPIRATIONS: EMPIRICAL EVIDENCE OF THE SOUTH-EASTERN EUROPEAN COUNTRIES |
| title_short | DETERMINANTS OF GROWTH ASPIRATIONS: EMPIRICAL EVIDENCE OF THE SOUTH-EASTERN EUROPEAN COUNTRIES |
| title_sort | determinants of growth aspirations empirical evidence of the south eastern european countries |
| topic | growth aspirations of early-stage entrepreneurs Global Entrepreneurship Monitor south-eastern European countries. |
| url | https://www.er.ef.untz.ba/index.php/er/article/view/161 |
| work_keys_str_mv | AT karinsirec determinantsofgrowthaspirationsempiricalevidenceofthesoutheasterneuropeancountries AT dijanamocnik determinantsofgrowthaspirationsempiricalevidenceofthesoutheasterneuropeancountries |