The issue of the relationship between financial literacy and entrepreneurship is still not a fully explored research area. On the one hand, there are common views that financial literacy and education in finance are necessary in every individual’s life, and that an insufficient level of financial literacy may result in erroneous economic decisions. On the other hand, research on the impact of narrowly defined financial literacy on business start-up decisions is still rare. As a result, there are no clear indications regarding the need for education in the area of finance in order to stimulate entrepreneurial decisions, including the survival of launched economic undertakings. This article deals with the relationship between financial literacy and chosen entrepreneurial aspects such as 1) Phases of Entrepreneurial Activity; 2) Entrepreneurial potential; 3) Motivation; 4) Involvement in the technology sector; and 5) Business exit reasons. All of the above aspects are embedded in the context of financial literacy. The article sheds light on the relationship between financial literacy and entrepreneurship and creates a background for further attempts to deepen understanding of this issue.
Digital transformation is one of the key recent trends in business organizations, entire business sectors, and whole economies, and it reflects the recent economic, social, and technological challenges across societies. One of such challenges is the intergenerational context of (not-only) business enterprises that has become apparently relevant in recent years. In the following chapter, the authors offer a blended perspective on these two phenomena, with a purpose to examine the lived experiences of small business owner-managers from various generational groups with an aim to identify the key drivers, and experiences with digital transformation in Slovakia with the emphasis on the intergenerational cooperation. This chapter starts with introducing the context of the subject under investigation and explaining its background. Then, the empirical research undertaken by the authors is explained, its results are presented and discussed, and conclusions are offered.
Although ageing is a universal process that concerns most countries, so far there are great differences particularly in relation to post-socialist countries. In Slovakia, population ageing appears to be irreversible in the coming decades at least up to 2050. Therefore, society must prepare to function under changed conditions and adapt to the increasing number and proportion of older people. The ageing of the population brings serious economic, social and political consequences. In addition, the effects of ageing cannot be eliminated or mitigated by isolated measures in a short period of time. They require comprehensive solutions made over time. For this reason, social, employment, health and education reforms are essential. The purpose of this chapter is to provide an overview of such measures in Slovakia. The chapter starts with an introduction which gives a brief socio-demographic context and the rest of the chapter provide a concise overview of pensions, of the employment of older people, of precarious work and of health policies as well as the underlying particular characteristics and challenges in Slovakia.
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