IDEAS home Printed from https://ideas.repec.org/a/beo/ekidpr/y2026i60p20-40.html

Entrepreneurship As A Factor Of Sustainable Development

Author

Listed:
  • Metka Tekavcic
  • Mojca Kunsek
  • Barbara Miklic

Abstract

In today's business environment, entrepreneurship should be closely related to sustainability. Entrepreneurship is becoming a key factor in sustainable development. The main purpose of this paper is to discuss the relation between entrepreneurship and sustainable development. Methodologically, the research approach relies on the Global Entrepreneurship Monitor (GEM), which was carried out through a survey of the adult population and experts in the international environment. The results of the GEM survey show that Slovenian entrepreneurs predominantly consider social consequences when making business decisions, but perceive below-average support from government policies and extremely weak entrepreneurial literacy among young people. Business consultants, therefore, recommend faster adoption of tax and financial policies, and of more competitive business policies, as well as the introduction of entrepreneurship and creativity into the education system.

Suggested Citation

  • Metka Tekavcic & Mojca Kunsek & Barbara Miklic, 2026. "Entrepreneurship As A Factor Of Sustainable Development," Ekonomske ideje i praksa, Faculty of Economics and Business, University of Belgrade, issue 60, pages 20-40, March.
    • Handle: RePEc:beo:ekidpr:y:2026:i:60:p:20-40
    as

    Download full text from publisher

    File URL: https://www.ekof.bg.ac.rs/journals/eip/60/386.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Coad, Alex & Srhoj, Stjepan, 2023. "Entrepreneurial ecosystems and regional persistence of high growth firms: A ‘broken clock’ critique," Research Policy, Elsevier, vol. 52(6).
    2. Ben Tomlin, 2008. "Clearing Hurdles: Key Reforms to Make Small Business More Successful," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 264, May.
    3. Buffart, Mickaël & Croidieu, Grégoire & Kim, Phillip H. & Bowman, Ray, 2020. "Even winners need to learn: How government entrepreneurship programs can support innovative ventures," Research Policy, Elsevier, vol. 49(10).
    4. Alberto Albahari & Andrés Barge-Gil & Salvador Pérez-Canto & Paolo Landoni, 2023. "The effect of science and technology parks on tenant firms: a literature review," The Journal of Technology Transfer, Springer, vol. 48(4), pages 1489-1531, August.
    5. Belitski, Maksim & Desai, Sameeksha, 2024. "Filtering or facilitating productive entrepreneurship?," Technological Forecasting and Social Change, Elsevier, vol. 206(C).
    6. Foluso Olugbenga Aribaba & Rotimi Oladele & Abdul-Lateef Olamide Ahmodu & Saliu Adesina Yusuff, 2019. "Tax policies and entrepreneurship sustainability in Ondo State, Nigeria," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-13, December.
    7. Acs, Zoltán J & Audretsch, David B & Evans, David S, 1994. "Why Does the Self-Employment Rate Vary Across Countries and Over Time?," CEPR Discussion Papers 871, C.E.P.R. Discussion Papers.
    8. Alex Coad & Masatoshi Kato, 2021. "Growth paths and routes to exit: 'shadow of death' effects for new firms in Japan," Small Business Economics, Springer, vol. 57(3), pages 1145-1173, October.
    9. Robert P. Singh, 2022. "The need for new public policies to increase entrepreneurship and spur economic growth," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 11(1), pages 70-81, February.
    10. Maria Minniti, 2008. "The Role of Government Policy on Entrepreneurial Activity: Productive, Unproductive, or Destructive?," Entrepreneurship Theory and Practice, , vol. 32(5), pages 779-790, September.
    11. Walter, Sascha G. & Block, Jörn H., 2016. "Outcomes of entrepreneurship education: An institutional perspective," Journal of Business Venturing, Elsevier, vol. 31(2), pages 216-233.
    12. Erik Stam & Andrew Ven, 2021. "Entrepreneurial ecosystem elements," Small Business Economics, Springer, vol. 56(2), pages 809-832, February.
    13. Mickaël Buffart & Gregoire Croidieu & Phillip H. Kim & Ray Bowman, 2020. "Even winners need to learn : How government entrepreneurship programs can support innovative ventures," Post-Print hal-02927561, HAL.
    14. Eugene Kaciak & Izabela Koladkiewicz & Narongsak (Tek) Thongpapanl & Marta Wojtyra, 2021. "The role of social networks in shaping entrepreneurial exit strategies," International Entrepreneurship and Management Journal, Springer, vol. 17(4), pages 1619-1655, December.
    15. Dean A. Shepherd & Holger Patzelt, 2011. "The New Field of Sustainable Entrepreneurship: Studying Entrepreneurial Action Linking “What is to be Sustained†with “What is to be Developedâ€," Entrepreneurship Theory and Practice, , vol. 35(1), pages 137-163, January.
    16. Oana-Ramona Lobonț & Ana-Cristina Nicolescu & Florin Costea & Zheng-Zheng Li & Alexandra-Mădălina Țăran & Adriana Davidescu, 2022. "A Panel Threshold Model to Capture the Nonlinear Nexus between Public Policy and Entrepreneurial Activities in EU Countries," Mathematics, MDPI, vol. 10(8), pages 1-15, April.
    17. Ben Spigel, 2017. "The Relational Organization of Entrepreneurial Ecosystems," Entrepreneurship Theory and Practice, , vol. 41(1), pages 49-72, January.
    18. Dirk De Clercq & Dominic S.K. Lim & Chang Hoon Oh, 2013. "Individual–Level Resources and New Business Activity: The Contingent Role of Institutional Context," Entrepreneurship Theory and Practice, , vol. 37(2), pages 303-330, March.
    19. Sascha Hohen & Lars Schweizer, 2021. "Entrepreneurs’ Exit Strategy Intentions and Their Final Exit Paths," Schmalenbach Journal of Business Research, Springer, vol. 73(3), pages 443-477, December.
    20. Kunsek, Mojca & Djokic, Danila, 2018. "How Might Changes in Legislation Impact the Development of Entrepreneurship?," 6th International OFEL Conference on Governance, Management and Entrepreneurship. New Business Models and Institutional Entrepreneurs: Leading Disruptive Change (Dubrovnik, 2018), in: 6th International OFEL Conference on Governance, Management and Entrepreneurship. New Business Models and Institutional Entrepreneurs: Leading Disrupt, pages 475-490, Governance Research and Development Centre (CIRU), Zagreb.
    21. Mickaël Buffart & Gregoire Croidieu & Phillip H. Kim & Ray Bowman, 2020. "Even winners need to learn : How government entrepreneurship programs can support innovative ventures," Grenoble Ecole de Management (Post-Print) hal-02927561, HAL.
    22. Michael H. Morris & Sohrab Soleimanof & Rebecca J. White, 2020. "Retirement of entrepreneurs: Implications for entrepreneurial exit," Journal of Small Business Management, Taylor & Francis Journals, vol. 58(6), pages 1089-1120, November.
    23. Nosheena Yasir & Nasir Mahmood & Hafiz Shakir Mehmood & Muhammad Babar & Muhammad Irfan & An Liren, 2021. "Impact of Environmental, Social Values and the Consideration of Future Consequences for the Development of a Sustainable Entrepreneurial Intention," Sustainability, MDPI, vol. 13(5), pages 1-20, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vanitha Prasannath & Rajendra P. Adhikari & Sarel Gronum & Morgan P. Miles, 2024. "Impact of government support policies on entrepreneurial orientation and SME performance," International Entrepreneurship and Management Journal, Springer, vol. 20(3), pages 1533-1595, September.
    2. David B. Audretsch & Indu Khurana & Dev K. Dutta & Jagannadha Pawan Tamvada, 2025. "Creating effective university innovation and entrepreneurial ecosystems: a commitment system perspective," The Journal of Technology Transfer, Springer, vol. 50(1), pages 169-191, February.
    3. David Bruce Audretsch & Maksim Belitski & Georg Maximilian Eichler & Erich Schwarz, 2024. "Entrepreneurial ecosystems, institutional quality, and the unexpected role of the sustainability orientation of entrepreneurs," Small Business Economics, Springer, vol. 62(2), pages 503-522, February.
    4. van Dijk, Jasper & Leendertse, Jip & Stam, Erik & van Rijnsoever, Frank, 2025. "The entrepreneurial ecosystem clock keeps on ticking – A replication and extension of Coad and Srhoj (2023)," Research Policy, Elsevier, vol. 54(2).
    5. Audretsch, David & Colombelli, Alessandra & Grilli, Luca & Minola, Tommaso & Rasmussen, Einar, 2020. "Innovative start-ups and policy initiatives," Research Policy, Elsevier, vol. 49(10).
    6. Lien Denoo & Anneleen Van Boxstael & Andrea Belz, 2024. "Help, I need somebody! Business and technology advisors in emerging science-based ventures at American universities," The Journal of Technology Transfer, Springer, vol. 49(5), pages 1567-1605, October.
    7. Grégory Guéneau & Didier Chabaud & Marie-Christine Chalus Sauvannet, 2022. "Opening entrepreneurial ecosystem’s black box: the power of networks in African low-income countries," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 753-772, June.
    8. Chen, Jieyi & Zhou, Zhao, 2023. "The effects of FDI on innovative entrepreneurship: A regional-level study," Technological Forecasting and Social Change, Elsevier, vol. 186(PB).
    9. Johannes Kleinhempel & Saul Estrin, 2025. "Realizing expectations? High-impact entrepreneurship across countries," Small Business Economics, Springer, vol. 64(2), pages 333-351, February.
    10. Andrea Ancona & Matteo Cinelli & Giovanna Ferraro & Antonio Iovanella, 2023. "Network-based principles of entrepreneurial ecosystems: a case study of a start-up network," Small Business Economics, Springer, vol. 61(4), pages 1497-1514, December.
    11. Shi, Xianwei & Shi, Yongjiang, 2022. "Unpacking the process of resource allocation within an entrepreneurial ecosystem," Research Policy, Elsevier, vol. 51(9).
    12. Kleinhempel, Johannes & Estrin, Saul, 2024. "Realizing expectations?," MPRA Paper 120863, University Library of Munich, Germany.
    13. Stojcic, Nebojsa, 2024. "Innovation failure, training for innovative activities and public support for innovation: Multi-annual evidence from emerging European innovation systems," Research Policy, Elsevier, vol. 53(8).
    14. Leendertse, Jip & van Rijnsoever, Frank & Oostveen, Brendan, 2025. "Ecosystems cast a shadow: How high-quality entrepreneurial ecosystems hamper productive entrepreneurship in neighboring regions," Journal of Business Venturing Insights, Elsevier, vol. 23(C).
    15. Clayton, Paige, 2024. "Mentored without incubation: Start-up survival, funding, and the role of entrepreneurial support organization services," Research Policy, Elsevier, vol. 53(4).
    16. Pasquale Massimo Picone & Nadia Di Paola & Giovanni Battista Dagnino, 2025. "Hubristic founders and entrepreneurial exit: a proposed framework," Small Business Economics, Springer, vol. 65(1), pages 357-380, June.
    17. Michael G. Goldsby & Donald F. Kuratko & David B. Audretsch, 2024. "Site entrepreneurship: desolation to destination," Small Business Economics, Springer, vol. 63(3), pages 971-992, October.
    18. Jana Schmutzler & Veneta Andonova & Jonathan Perez-Lopez, 2021. "The role of diaspora in opportunity-driven entrepreneurial ecosystems: A mixed-methods study of Balkan economies," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 693-729, June.
    19. Lafuente, Esteban & Ács, Zoltán J. & Szerb, László, 2022. "A composite indicator analysis for optimizing entrepreneurial ecosystems," Research Policy, Elsevier, vol. 51(9).
    20. Wei, Yifan, 2022. "Reprint of: Regional governments and opportunity entrepreneurship in underdeveloped institutional environments: An entrepreneurial ecosystem perspective," Research Policy, Elsevier, vol. 51(9).

    More about this item

    Keywords

    ;
    ;

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:beo:ekidpr:y:2026:i:60:p:20-40. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marina Lečei (email available below). General contact details of provider: https://edirc.repec.org/data/efbeoyu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.