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Do Education and Other Related Determinants Matter to Business Performance? Evaluation of Kosovo through a Multinominal Regression Approach

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Listed:
  • Drita Shaqiri
  • Refik Havolli
  • Dea Krasniqi
  • Enver Krasniqi

Abstract

The overall aim of this paper is to empirically evaluate the perception of SME managers or owners on business performance (BP) during the year 2023, compared to 2022. The research has determined the dependent variable – the evaluation of BP – while education (EDU), drafted business plan (DBP), experience in the field in which the business operates (EXP), managerial ability (YMS), new product development (NPD), and inadequate skill level of employment skills (ILES) are defined as independent variables. The sample during the realization of this research consists of 336 questionnaires. The data for the inquiry were collected between March and April 2023. Multinominal regression was applied as the econometric approach, and it was also used in some of the important tests for the model’s determination. The discoveries of this study reveal that education, experience in the field in which the business operates, and managerial skills have a statistically significant influence while other variables exhibit an insignificant influence on BP. With a view towards contribution and originality, our research differs essentially from earlier studies, both in the selection of variables and in the applied approach. Therefore, productive discussions will result between scholars, academics, and policy-making bodies.

Suggested Citation

  • Drita Shaqiri & Refik Havolli & Dea Krasniqi & Enver Krasniqi, 2024. "Do Education and Other Related Determinants Matter to Business Performance? Evaluation of Kosovo through a Multinominal Regression Approach," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 7-23.
    • Handle: RePEc:bas:econth:y:2024:i:1:p:7-23
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    References listed on IDEAS

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    1. Alfonso Expósito & Juan A. Sanchis-Llopis, 2019. "The relationship between types of innovation and SMEs’ performance: a multi-dimensional empirical assessment," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 9(2), pages 115-135, June.
    2. Enver Krasniqi & Esat Durguti, 2023. "Evaluating Business Performance And The Impact Of Funding Diversity During Covid-19: Kosovo Evidence," Ekonomski pregled, Hrvatsko društvo ekonomista (Croatian Society of Economists), vol. 74(3), pages 387-408.
    3. David Audretsch & Roy Thurik, 2004. "A Model of the Entrepreneurial Economy," Papers on Entrepreneurship, Growth and Public Policy 2004-12, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    4. Colin C. Williams & Besnik Krasniqi, 2018. "Explaining Informal Sector Entrepreneurship In Kosovo: An Institutionalist Perspective," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 23(02), pages 1-20, June.
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    More about this item

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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