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Growth aspirations of early-stage entrepreneurs: Empirical investigation of South-Eastern and Western European countries

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  • Mocnik, Dijana
  • Sirec, Karin

Abstract

We aimed to 1) estimate the associations between innovation and international orientation of early-stage entrepreneurs and their growth aspirations and 2) determine whether these associations differ across south-eastern European countries (SeECs) and western European countries (WECs). We used the data from the 2003–2008 Global Entrepreneurship Monitor Adult Population Survey for 3,098 SeEC and 3,626 WEC entrepreneurs. The results show that 1) a firm’s high level of competition inhibits its growth aspirations in both regions, albeit more so in SeECs; 2) innovative products/services stimulate firm growth aspirations in WECs only; and 3) international orientation stimulates firm growth aspirations in both regions, albeit more so in WECs.

Suggested Citation

  • Mocnik, Dijana & Sirec, Karin, 2016. "Growth aspirations of early-stage entrepreneurs: Empirical investigation of South-Eastern and Western European countries," Journal of East European Management Studies, Rainer Hampp Verlag, vol. 21(3), pages 298-317.
    • Handle: RePEc:rai:joeems:jeems-2016-mocnik
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    More about this item

    Keywords

    early-stage entrepreneurs; Global Entrepreneurship Monitor (GEM); growth aspirations; innovation orientation; international orientation;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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