Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Antecedents of growth-oriented entrepreneurship before and during the Greek economic crisis

Antecedents of growth-oriented entrepreneurship before and during the Greek economic crisis The purpose of this paper is to explore potential drivers of high-growth intentions of early-stage entrepreneurs in Greece before and after the onset of the financial crisis of 2008.Design/methodology/approachTo this end, the authors use individual-level data retrieved from Global Entrepreneurship Monitor annual surveys (2003-2015).FindingsThe results show that high-growth intentions of Greek entrepreneurs are driven by different factors in the crisis compared to the non-crisis period. Male entrepreneurs and entrepreneurs with significant work experience seem to be more likely to be engaged in growth-oriented new ventures during the crisis period. The same appears to hold for entrepreneurs who are motivated by an opportunity and also perceive future business opportunities in adverse economic conditions. On the other hand, the educational level and the social contacts of founders with other entrepreneurs are found to drive ambitious Greek entrepreneurship in the years before the crisis, while they were insignificant after the crisis outbreak.Originality/valueBased on the concept of ambitious entrepreneurship, this study contributes to the literature by investigating the determinants of entrepreneurial high-growth expectations in the Greek context emphasizing the crisis period in comparison to the pre-crisis years. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Small Business and Enterprise Development Emerald Publishing

Antecedents of growth-oriented entrepreneurship before and during the Greek economic crisis

Loading next page...
 
/lp/emerald-publishing/antecedents-of-growth-oriented-entrepreneurship-before-and-during-the-0bUnPYzcQl
Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1462-6004
DOI
10.1108/jsbed-01-2017-0003
Publisher site
See Article on Publisher Site

Abstract

The purpose of this paper is to explore potential drivers of high-growth intentions of early-stage entrepreneurs in Greece before and after the onset of the financial crisis of 2008.Design/methodology/approachTo this end, the authors use individual-level data retrieved from Global Entrepreneurship Monitor annual surveys (2003-2015).FindingsThe results show that high-growth intentions of Greek entrepreneurs are driven by different factors in the crisis compared to the non-crisis period. Male entrepreneurs and entrepreneurs with significant work experience seem to be more likely to be engaged in growth-oriented new ventures during the crisis period. The same appears to hold for entrepreneurs who are motivated by an opportunity and also perceive future business opportunities in adverse economic conditions. On the other hand, the educational level and the social contacts of founders with other entrepreneurs are found to drive ambitious Greek entrepreneurship in the years before the crisis, while they were insignificant after the crisis outbreak.Originality/valueBased on the concept of ambitious entrepreneurship, this study contributes to the literature by investigating the determinants of entrepreneurial high-growth expectations in the Greek context emphasizing the crisis period in comparison to the pre-crisis years.

Journal

Journal of Small Business and Enterprise DevelopmentEmerald Publishing

Published: Aug 11, 2017

Keywords: Greece; Crisis; Ambitious entrepreneurship; Growth intentions

References