Business Restart in Visegrad Countries

The main goal of our paper is to analyse business restarts in Visegrad countries on an individual level and to identify 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 qua...

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Main Authors: Marian Holienka, Anna Pilková, Michal Munk
Format: Article
Language:English
Published: Cracow University of Economics 2014-03-01
Series:Entrepreneurial Business and Economics Review
Subjects:
Online Access:https://eber.uek.krakow.pl/index.php/eber/article/view/35
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author Marian Holienka
Anna Pilková
Michal Munk
author_facet Marian Holienka
Anna Pilková
Michal Munk
author_sort Marian Holienka
collection DOAJ
description The main goal of our paper is to analyse business restarts in Visegrad countries on an individual level and to identify 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 modelling to identify its drivers. Our findings proved that business discontinuation and consequent restart are both integral parts of entrepreneurship in V4 countries. Entrepreneurial selfefficacy 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 V4 countries, it also identifies individual-level drivers of this specific type of entrepreneurial activity.
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series Entrepreneurial Business and Economics Review
spelling doaj-art-bacbf493bc7b4529875f49006086fccf2025-08-20T03:15:35ZengCracow University of EconomicsEntrepreneurial Business and Economics Review2353-88212014-03-012110.15678/EBER.2014.02010435Business Restart in Visegrad CountriesMarian Holienka0Anna Pilková1Michal Munk2Comenius University in BratislavaUniversity of Economics in BratislavaConstantine the Philosopher University in Nitra The main goal of our paper is to analyse business restarts in Visegrad countries on an individual level and to identify 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 modelling to identify its drivers. Our findings proved that business discontinuation and consequent restart are both integral parts of entrepreneurship in V4 countries. Entrepreneurial selfefficacy 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 V4 countries, it also identifies individual-level drivers of this specific type of entrepreneurial activity. https://eber.uek.krakow.pl/index.php/eber/article/view/35entrepreneurshipdiscontinuationrestartrestart driversGlobal Entrepreneurship Monitor (GEM)
spellingShingle Marian Holienka
Anna Pilková
Michal Munk
Business Restart in Visegrad Countries
Entrepreneurial Business and Economics Review
entrepreneurship
discontinuation
restart
restart drivers
Global Entrepreneurship Monitor (GEM)
title Business Restart in Visegrad Countries
title_full Business Restart in Visegrad Countries
title_fullStr Business Restart in Visegrad Countries
title_full_unstemmed Business Restart in Visegrad Countries
title_short Business Restart in Visegrad Countries
title_sort business restart in visegrad countries
topic entrepreneurship
discontinuation
restart
restart drivers
Global Entrepreneurship Monitor (GEM)
url https://eber.uek.krakow.pl/index.php/eber/article/view/35
work_keys_str_mv AT marianholienka businessrestartinvisegradcountries
AT annapilkova businessrestartinvisegradcountries
AT michalmunk businessrestartinvisegradcountries