Sustainable development considers the development that achieves the present economic goals, without obstructing the future development in a sense of satisfying the needs of society and endangering the environment. Recently, the entrepreneurship phenomenon has been widely recognized as an important path towards sustainable development, positively contributing to the development of society. Thus, in the paper, the empirical evidence on linkages between entrepreneurial activity indicators and social development goals is provided. To examine the linkages, the data from the Global Entrepreneurship Monitor and Sustainable Development Goals Index were used. The empirical results suggest that entrepreneurship represents an important factor for fostering sustainability, particularly in opportunity-driven and innovative entrepreneurial activities. The results show, that both of them have a positive impact on sustainable development, while the necessity-driven entrepreneurial activity negatively affects sustainable development. This could be explained by the fact that necessity entrepreneurs are not likely to become the entrepreneurs to implement a promising business opportunity, but rather to earn an income. To achieve the sustainable development goals as well as entrepreneurship should become the national priority by introducing new policies and measures, that is, making the conditions, through which entrepreneurship could achieve positive contributions to the development of the society.
Even though past theory has highlighted high-growth enterprises (HGEs) as important determinant enhancing national economy development, research of enterprise growth remains heterogeneous and deficient in its nature. The most recognizable feature of HGEs is for sure their outstanding growth rate encouraged with different growth factors, one of them being financial resources, as one of the most important elements of development and growth process of all enterprises. Achieving outstanding growth rates can largely increase enterprise risk, as uncontrolled growth can drastically change financial structure of a particular enterprise. Past theory suggests that events enabling high-growth rates are very likely a consequence of short-term changes. Nevertheless, significant proportion of enterprises is listed among HGEs in several time periods. Thus, the main objective of our research is to find out if companies listed as HGEs several times during the analyzed six-years period, statistically significantly differs from HGEs, that were listed among HGEs only once; we were analyzing differences regarding the perceived accessibility to different financial resources, and differences regarding their financial performance. Research is based on the random sample of N = 150 HGEs from Slovenia, which have been at least once, among 2011 and 2016, listed as HGE in the population of HGEs, defined by Agency of the Republic of Slovenia for Public Legal Records and Related Services (AJPES). CATI (Computer-assisted telephone) and CAWI (Computer-assisted web) interviewing was used to obtain the sample data. The survey was conducted in spring 2018. Our results suggest that enterprises that were listed as HGEs several times during analyzed time period, statistically significantly perceive better accessibility to different financial resources (i.
Hitro rastoča podjetja so se izkazala kot pomemben element za kreiranje delovnih mest, inovativnih idej, družbene blaginje in napredka. Široka spoznanja o pomenu hitro rastočih podjetij izvirajo iz zelo raznolikih raziskav omenjenega področja, ki so primarno usmerjene predvsem v pojasnjevanje pomena podjetništva, značilnosti podjetij (demografskih dejavnikov) in vpliva na kreiranje zaposlovanja ter ustvarjanja ekonomske rasti. V slednje bi lahko uvrstili tudi področje preučevanja finančne uspešnosti hitro rastočih podjetij, saj bo le v primeru, da bo hitro rastoče podjetje finančno uspešno, le-to lahko poslovalo (in zaposlovalo) na za podjetje pričakovani ravni. Kot predlaga teorija mreženja, bo organizacijska sposobnost mreženja predstavljala pomemben vidik oblikovanja finančne uspešnosti podjetja. Organizacijska sposobnost mreženja se je namreč izkazala kot pomemben dejavnik, ki lahko vpliva na finančno uspešnost, tako neposredno, kot tudi posredno preko vpliva na dostopnost do finančnih virov in informacij s katerimi podjetje razpolaga. V prispevku, na vzorcu n=125 hitro rastočih podjetij iz Republike Slovenije, analiziramo vpliv organizacijske zmožnosti mreženja na finančno uspešnost. Raziskava temelji na slučajnem vzorcu hitro rastočih podjetij, ki so bila vsaj enkrat med letoma 2011 in 2016 uvrščena na seznam hitro rastočih podjetij po metodologiji Agencije republike Slovenije za javnopravne evidence in storitve. Rezultati potrjujejo spoznanja preteklih raziskav, čeprav smo z analizo ugotovili zgolj obstoj šibkih, statistično značilnih, pozitivnih vplivov. Rezultati tako nakazujejo na pomen organizacijske zmožnosti mreženja, katerega pomena v ekosistemu hitro rastočih podjetij, zagotovo ne gre zanemariti. Ključne besede: Hitro rastoče podjetje; organizacijska zmožnost mreženja, finančna uspešnost * Raziskovalni program št. P5-0023 je sofinancirala Javna agencija za raziskovalno dejavnost Republike Slovenije iz državnega proračuna
This chapter provides a detailed analysis of the validity of PPP for a cluster of 15 Mediterranean countries. The research has four original contributions. First, it uses two price indicators: a consumer price index for all items and a consumer price index for hotels and restaurants including catering and accommodation services. Second, it tests the exchange rate theory regarding two numeraire currencies. Third, due to the cyclicality of the tourism sector the study examines the significance of PPP by considering the impact of the Great Recession. Fourth, in order to test the mean reversion hypothesis, it uses a comprehensive set of panel unit root tests. The authors provide ample estimates in favour of PPP proposition. The evidence of mean reversion of real exchange rates is stronger (1) with price indices for hotels and restaurants, (2) in cases when the calculations are performed for EUR rates, and (3) for the post-Great Recession period.
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