SENIOR ENTREPRENEURSHIP IN EUROPEAN CONTEXT: KEY DETERMINANTS OF ENTREPRENEURIAL ACTIVITY

• Authors: Jakub Červený , Anna Pilková , Ján Rehák
• Languages of publication: EN

Abstracts

EN

This paper examines the determinants of total early stage entrepreneurial activity (TEA) within European countries and the different effect of these determinants on general population and senior cohort (aged 50+) in Eastern and Western Europe. We exploit the Global Entrepreneurship Monitor (GEM) dataset spanning years 2001 – 2012 to address this issue. We examined both standard individual characteristics and indicators of social capital, and entrepreneurial potential (based on entrepreneurial skills, perception of opportunities and fear of failure). We analysed also impact of specific characteristics of entrepreneurial environment using a multi-level logistic regression. The results show that negative perception of skills and opportunities significantly lowers the probability to be involved in TEA. We find also that cultural norms, government programs and good banking services have a positive impact on TEA.

Keywords

EN

ENTREPRENEURSHIP; SENIOR; EUROPE

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2016
• Volume: 64
• Issue: 2
• Pages: 99 – 117

Contributors

author

Jakub Červený

• Tilburg University, CentER, Department of Economics, P. O. Box 90153, 5000 LE Tilburg, Netherlands

author

Anna Pilková

author

Ján Rehák