Assessing alternatives to the development of administrativeeconomic units applying the FARE-M Method

Ginevičius, Romualdas; Szczepańska-Woszczyna, Katarzyna; Szarucki, Marek; Stasiukynas, Andrius

doi:10.24818/amp/2021.36-01

Cited by 10 publications

(14 citation statements)

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“…It gives only an approximate picture, since one or more significantly different values of the indicator can significantly influence the result of the grouping. This can be avoided by applying non-linear data grouping methods based on non-linear normalization (Ginevičius et al, 2021a).…”

Section: Test Methodologymentioning

confidence: 99%

Comparative Assessment of Economic Development in the Countries of the European Union

Тріщ

Sichinava

Bartoš

et al. 2023

Journal of Business Economics and Management

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Investment, the entry of foreign firms depends of a large extent on the country’s goodwill, which is reflected in various ratings. This representation of the situation is approximate, as it does not estimate the differences between the values of the indicators with adjacent grades. This can be avoided by dividing countries into homogeneous groups. It is appropriate to do so on the basis of non-linear grouping rather than linear grouping. It is based on the transformation of data into a dimensionless scale and linear grouping. In the case, its homogeneity increases thanks to the levelling of the most distinctive values and the alignment of the statistical characteristics of the groups. The aim of the article is to propose in principle, a new approach to the ranking of countries on the basis of their level of economic development. It was found that the nonlinear decision of countries into homogenous groups and compared to the linear grouping more accurately reflect the current situation.

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Section: Test Methodologymentioning

confidence: 99%

Comparative Assessment of Economic Development in the Countries of the European Union

Тріщ

Sichinava

Bartoš

et al. 2023

Journal of Business Economics and Management

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“…Therefore, an entrepreneur is an economic agent with an active behavior, who assumes financial risks to develop new projects that bring him profit (Ginevičius et al, 2021;Yousif et al, 2020;Kosach et al, 2020;Adams, 2020). A study published by Harvard Business School in November 2017, identifies the personality traits of entrepreneurs are as follows: (1) openness to new experiences -are independent, focused on originality and creativity, easily take risks; (2) conscientiousness -entrepreneurs are oriented on the final goal of the action and always complete the tasks; (3) extraversion -entrepreneurs are energetic, optimistic, sociable, characterized by a high level of assertiveness and emotional intelligence; (4) agreeableness -entrepreneurs are altruistic, oriented on community development, modest and trustworthy; (5) neuroticism -entrepreneurs are capable of negative emotions and can become sad, anxious, tense under stress.…”

Section: Introduction and Literaturementioning

confidence: 99%

Entrepreneurial Motivations to Start New Businesses: A Panel Data Analysis

Androniceanu¹,

Kinnunen²,

Georgescu³

2022

Proceedings of the International Management Conference

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This paper explores the effects of attitudes on total early-stage entrepreneurial activity (TEA). The data is obtained from the Global Entrepreneurship Monitor’s Adult Population Surveys (APS) on the characteristics and motivations of individuals to start new businesses. The dataset consists, e.g., of individuals’ entrepreneurial intentions, their perceived capabilities, opportunities, and risks as well as the share of female-male entrepreneurs. The time-series for 16 European and Latin American countries together with Taiwan and Iran cover the research period 2011-2019. All countries with long enough time-series data are included. The research methodology tests Random and Fixed Effects Models. The latter model becomes selected leading to a model explaining 95% (R2 ) of the variation in TEA. The results of the rather heterogeneous sample of countries show that when individuals recognize their own capabilities to start and run businesses, they also have entrepreneurial intentions, which both have great significant positive effects on the early-stage entrepreneurial activity. Interestingly, fear of failure, which may prevent individuals to start a business, had also positive effects on TEA. This suggests that fear of failure goes hand-in-hand with the willingness to start new businesses. Further, testing the predictive power of the obtained Fixed Effects Model demonstrated it highly accurate. For future research, countries may be clustered by their attitudes and entrepreneurial conditions, which were not considered in this study, when timeseries analysis may reveal different set of indicators driving entrepreneurship, e.g., in Europe and Latin America.

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“…One of the most commonly used methods for determining the weight of indicators is the direct weighting method. This method can be used successfully when the total number of indicators is small (Ginevičius et al, 2021). In this work, the direct weighting method was used to determine the weights of the subindices of the economic, social, technological, and political environment.…”

Section: Selected Methods For Evaluating Factors Influencing the Shar...mentioning

confidence: 99%

Section: Selected Methods For Evaluating Factors Influencing the Shar...mentioning

confidence: 99%

“…Furthermore, Ginevičius et al, (2021) proposed the FARE-M method, an extension of the FARE method. The FARE-M method was improved to obtain initial expert information (Ginevičius et al, 2021). Thus, the FARE-M method extends the FARE approach and offers a simpler and more comprehensible way to fill the first line of the expert evaluation matrix (Ginevičius et al, 2021).…”

Section: Selected Methods For Evaluating Factors Influencing the Shar...mentioning

confidence: 99%

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Evaluation of factors having an impact on the development of the sharing economy

Grybaitė¹

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Vilnius 2023 4 Disertacija rengta 2016-2023 metais Vilniaus Gedimino technikos universitete. (Disertacija ginama eksternu). Mokslinis konsultantas prof. dr. Jelena STANKEVIČIENĖ (Vilniaus Gedimino technikos universitetas, ekonomika -S 004). Vilniaus Gedimino technikos universiteto Ekonomikos mokslo krypties disertacijos gynimo taryba: Pirmininkas prof. habil. dr. Romualdas GINEVIČIUS (Vilniaus Gedimino technikos universitetas, ekonomika -S 004). Nariai: doc. dr. Viktorija SKVARCIANY (Vilniaus Gedimino technikos universitetas, ekonomika -S 004), prof. dr. Dalia ŠTREIMIKIENĖ (Vilniaus universitetas, ekonomika -S 004), prof. dr. Rima TAMOŠIŪNIENĖ (Vilniaus Gedimino technikos universitetas, ekonomika -S 004), prof. dr. Jelena TITKO (Latvijos mokslų akademija, ekonomika -S 004). Disertacija bus ginama viešame Ekonomikos mokslo krypties disertacijos gynimo tarybos posėdyje 2023 m. balandžio 3 d. 14 val. Vilniaus Gedimino technikos universiteto senato posėdžių salėje.

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Assessing alternatives to the development of administrativeeconomic units applying the FARE-M Method

Cited by 10 publications

References 0 publications

Comparative Assessment of Economic Development in the Countries of the European Union

Comparative Assessment of Economic Development in the Countries of the European Union

Entrepreneurial Motivations to Start New Businesses: A Panel Data Analysis

Evaluation of factors having an impact on the development of the sharing economy

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