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NEETs’ Perception on Financing an Entrepreneurial Endeavour

Author

Listed:
  • Silvia Ghita-Mitrescu

    (“Ovidius” University of Constanta, Faculty of Economic Sciences, Romania)

  • Ionut Antohi

    (“Ovidius” University of Constanta, Faculty of Economic Sciences, Romania)

Abstract

Young people aged between 15 and 29, who are not in education or employment, known as NEETs, are a concern within the framework of European Union policies. To support them, projects are being implemented to develop skills in various fields and to provide financial support to those who want to set up businesses. The objective of the research we carried out was to identify how NEETs relate to the issue of financing an entrepreneurial endeavor. For this purpose, we applied a questionnaire to a group of NEETs from the Constanta region, who expressed interest in starting a business. After processing the obtained data, we concluded that there is an inclination of these young people for non-reimbursable financing of their entrepreneurial initiatives, associated with an estimation of the risks related to each source, but also that there are several factors that influence the preferences for certain sources of funding.

Suggested Citation

  • Silvia Ghita-Mitrescu & Ionut Antohi, 2023. "NEETs’ Perception on Financing an Entrepreneurial Endeavour," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 923-931, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:923-931
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    References listed on IDEAS

    as
    1. Vania Sena & Jonathan Scott & Stephen Roper, 2012. "Gender, borrowing patterns and self-employment: some evidence for England," Small Business Economics, Springer, vol. 38(4), pages 467-480, May.
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    More about this item

    Keywords

    NEETs; entrepreneurship; financing sources; non-reimbursable funds; entrepreneurial knowledge;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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