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Economic Activity And Social Determinants Versus Etrepreneurship In Smes – Selected Aspects

Author

Listed:
  • Joanna Małecka
  • Teresa Łuczka
  • Jarmila Šebestová
  • Roman Šperka

    () (Poznan University of Technology
    Poznan University of Technology
    Silesian University in Opava, School of Business Administration in Karvina
    Silesian University in Opava, School of Business Administration in Karvina)

Abstract

Entrepreneurship is a vital element of development of today’s economies. Its main objective is to undertake actions intended to ensure that economic resources of individual companies are coordinated in a pragmatic and productive manner. Entrepreneurship may be considered in two respects: (1) processes – activities aimed at forming and building a new company in certain conditions, with a view to generating profits, or (2) a set of traits and personalities – describing a particular human behaviour and action focused on innovation, ability to accept changes, spot opportunities, and take risks. Regardless of the multitude of definitions in the related literature, there is no doubt that in most cases the combination of these two economic and social components determines possible business success. Poles more and more frequently perceive the opportunities offered through the establishment of own business. Up to 63% of the public at large holds this view, placing Poland at the forefront among the European Union countries in this regard. The article attempts to examine the socio-economic determinants of respondents which affect Poles’ willingness to set up their own businesses.

Suggested Citation

  • Joanna Małecka & Teresa Łuczka & Jarmila Šebestová & Roman Šperka, 2017. "Economic Activity And Social Determinants Versus Etrepreneurship In Smes – Selected Aspects," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 6(3), pages 47-61.
  • Handle: RePEc:cpn:umkcjf:v:6:y:2017:i:3:p:47-61
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    References listed on IDEAS

    as
    1. Black, Bernard S. & Gilson, Ronald J., 1998. "Venture capital and the structure of capital markets: banks versus stock markets," Journal of Financial Economics, Elsevier, vol. 47(3), pages 243-277, March.
    2. McDougall, Patricia P., 1989. "International versus domestic entrepreneurship: New venture strategic behavior and industry structure," Journal of Business Venturing, Elsevier, vol. 4(6), pages 387-400, November.
    3. Paul Gompers & Josh Lerner, 2001. "The Venture Capital Revolution," Journal of Economic Perspectives, American Economic Association, vol. 15(2), pages 145-168, Spring.
    4. Beck, Thorsten & Demirguc-Kunt, Asli & Laeven, Luc & Maksimovic, Vojislav, 2006. "The determinants of financing obstacles," Journal of International Money and Finance, Elsevier, vol. 25(6), pages 932-952, October.
    5. repec:krk:eberjl:v:3:y:2015:i:2:p:9-24 is not listed on IDEAS
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