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Evaluation Model of the Entrepreneurial Character in EU Countries

Author

Listed:
  • Sebastian Madalin Munteanu

    () (Bucharest University of Economic Studies)

  • Irina-Eugenia Iamandi

    (Bucharest University of Economic Studies)

  • Eugeniu Tudor

    (Bucharest University of Economic Studies)

Abstract

The evidence of entrepreneurship development as a factor of sustainable growth at national and regional level frequently calls for the interest of theorists and practitioners on identifying and outlining the best conditions and economic essential prerequisites for supporting the entrepreneurial initiatives on the long term. In this context, the objective of the present research is to analyse and measure the entrepreneurial character of the European Union member countries in an integrated manner, by developing an innovative model for proposing specific action lines and objectively evaluating the entrepreneurship development in the investigated states. Our model is based on a synthesis variable of the entrepreneurial national character, which was developed by sequential application of principal component analysis, while the initial variables are from secondary sources with good conceptual representativeness. Depending on the objective relevance of the three model components (cultural, economic and administrative, and entrepreneurial education components), the achieved results confirm the importance of a favourable cultural and economic and administrative background for entrepreneurship development and they reiterate the inefficiency of isolated entrepreneurial education unless supported by good entrepreneurial culture or adequate economic and administrative infrastructure. The case of Romania, in relation with the European Union member countries, is presented in detail.

Suggested Citation

  • Sebastian Madalin Munteanu & Irina-Eugenia Iamandi & Eugeniu Tudor, 2015. "Evaluation Model of the Entrepreneurial Character in EU Countries," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 1-76, February.
  • Handle: RePEc:aes:amfeco:v:38:y:2015:i:17:p:76
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    References listed on IDEAS

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    1. Victor DRAGOTA & Carmen LIPARA & Radu CIOBANU, 2013. "Agency Problems and Synergistic Effects in Romania: The Determinants of the Control Premium," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 63(2), pages 197-219, May.
    2. MARIN-PANTELESCU Andreea & TIGU Gabriela & STATE Olimpia, 2009. "Globalization: an open door for the knowledge economy," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(2), pages 154-161, December.
    3. Zahra, Shaker A. & Covin, Jeffrey G., 1995. "Contextual influences on the corporate entrepreneurship-performance relationship: A longitudinal analysis," Journal of Business Venturing, Elsevier, vol. 10(1), pages 43-58, January.
    4. Christian Bjørnskov & Nicolai Foss, 2008. "Economic freedom and entrepreneurial activity: Some cross-country evidence," Public Choice, Springer, vol. 134(3), pages 307-328, March.
    5. Román, Concepción & Congregado, Emilio & Millán, José María, 2013. "Start-up incentives: Entrepreneurship policy or active labour market programme?," Journal of Business Venturing, Elsevier, vol. 28(1), pages 151-175.
    6. Zoltán J. Ács & Erkko Autio & László Szerb, 2015. "National Systems of Entrepreneurship: Measurement issues and policy implications," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 28, pages 523-541, Edward Elgar Publishing.
    7. Anisya S Thomas & Stephen L Mueller, 2000. "A Case for Comparative Entrepreneurship: Assessing the Relevance of Culture," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 31(2), pages 287-301, June.
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    9. Claude Marcotte, 2013. "Measuring entrepreneurship at the country level: A review and research agenda," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 25(3-4), pages 174-194, April.
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    Citations

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    Cited by:

    1. ȚARȚAVULEA (DIEACONESCU) Ramona Iulia, 2015. "Model for Determining the Optimum Location for Performance Improvement in Supply-Chain Strategies," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.
    2. repec:gam:jsusta:v:11:y:2019:i:6:p:1771-:d:216751 is not listed on IDEAS
    3. Munteanu Sebastian Madalin, 2015. "The Economic And Social Coordinates Of Developing A Sport Entrepreneurship Index – Current Challenges And Prerequisites," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 224-229, June.

    More about this item

    Keywords

    entrepreneurship; principal component analysis (PCA); EU member countries; culture; entrepreneurial education; economic and administrative measures;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis

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