Drivers of entrepreneurial intentions among business students in Macedonia

This study investigates the impact of perceived formal, informal and regulatory support on entrepreneurial intention. In addition, entrepreneurial capacity and fear of failure are analyzed as predictors of the propensity toward entrepreneurship. An empirical analysis of students in B&H finds that informal support perceived as support of family and friends exert a significant positive influence on entrepreneurial intentions. Fear of failure has a significant adverse impact on entrepreneurial intentions while entrepreneurial capacity enhances entrepreneurial intention. The negative relationship between the fear of failure and entrepreneurial intention is moderated by informal support. In other words, support by family and friends dampens the negative relationship between fear of failure and entrepreneurial intention. The findings were confronted with an ex-post literature review.

Section: Empirical Researchmentioning

confidence: 99%

Entrepreneurial intention of students in Bosnia and Herzegovina: what type of support matters?

Turulja

Veselinović

Agić

et al. 2020

“…Second, in the current context of rapid changes in the world economy, the interdependencies between national economies (a direct effect of globalisation) and a difficult recovery after the global economic crisis have meant that the role of SMEs has significantly increased, based on their ability to adapt to challenges of a continuously changing environment (The Economist Intelligence Unit, 2013). Third, SMEs represent the framework of free entrepreneurial initiative and entrepreneurship, vital elements defining a competitive economy (Tomovska Misoska, Dimitrova, & Mrsik, 2016). Although with different intensities (from one economy to another, from one geographic area to another or from one entrepreneurial culture to another), it was found that SMEs play a major part in the process of promoting technical progress in society and innovation in economic activity ( Acs & Audretsch, 1999;Radas & Bozic, 2009;Zygmunt, 2017).…”

Section: Introductionmentioning

confidence: 99%

Determinants of SMEs’ performance: evidence from European countries

Cicea

Popa

Marinescu

et al. 2019

This article aims to examine how certain economic and social factors influence short-and long-term performance of small and medium enterprises (SMEs). SMEs' performance is defined by using the value added (VA) by SMEs, as a percent of the total VA by enterprises. The study targets European Union (EU) countries selected by the authors following a cluster analysis procedure. In order to obtain short-and long-term influences, an analysis that carries out three types of tests is conducted: testing stationarity, testing cointegration and testing causality between the indicators identified as influencing factors and the variable measuring the performance of SMEs. The novelty and originality of this research are defined in terms of addressing the performance of SMEs from a new perspective, using an econometric basis in a macroeconomic view. From an econometric perspective, the results are among the most varied, both in the long-and short-term, however they also have a correspondent economic explanation. ARTICLE HISTORY

“…The learning process must be dynamic, reflecting permanent changes in the country as well as in the international economic environment, taking into account the setting of adequate policies in the country (Androniceanu, 2015;Rasoaisi & Kalebe, 2015). Similar findings have also been found by Tomovska et al (2016), who examined the factors affecting the business goals of Macedonian entrepreneurs. The study's results have been declared to be the reason for the growing interest in business education being its impact on job creation and economic growth in the country.…”

Section: Literature Reviewmentioning

confidence: 54%

Attitude of University Students toward entrepreneurship environment and toward entrepreneurship propensity in Czech Republic and Slovak Republic – International Comparison

Belás

Gavurová

Koróny

et al. 2019

On the basis of online survey (made in 2017) about entrepreneurship environment we wanted to find out which entrepreneurship conditions are different from the viewpoint of Czech university students (156 men and 252 women) and Slovak university students (216 men and 352 women). From 40 available questionnaire items about two-thirds of them were different in a group of Czech university students compared with Slovak university students (p < 0.05). Czech university students trust more in: entrepreneurial support from the state, macroeconomic environment, quality of entrepreneurship environment and quality of university education compared with Slovak students. In contrast, Slovak students are more optimistic about the image of entrepreneurs in the media, about personal attributes for entrepreneurship, about career growth in entrepreneurship and are more ready to start entrepreneurship after graduation. CART decision tree was used for the multivariate classification problem between Czech university students and Slovak university students. A final CART decision tree model involved only four questionnaire items. Two of them were related to rather macroeconomic conditions-"Legal conditions for doing entrepreneurship are of high quality" and "I consider the macroeconomic environment of my country to be positive for entrepreneurship". These items were significantly more positively accepted in a group of Czech university students. The other pair of involved items was concerned with personality traits-"Every person has certain prerequisites for entrepreneurship" and "The most important characteristics of an entrepreneur are specializsation, persistence, responsibility, and risk-resistance." They were more valued in the case of Slovak university students. Average correct classification rate of CART decision tree model with four mentioned items was 71.0%.