Entrepreneurial ecosystems in Bulgaria and Romania: A comparative analysis

Hess, James P.

doi:10.1002/tie.22154

Cited by 6 publications

(6 citation statements)

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“…This is due to constant economic crises in this country, which undoubtedly affects the undertaking of innovative activities by Greek companies. Among the countries of the "new EU-13", Bulgaria has the most work to do, as it still faces many challenges related to industrialization and entrepreneurship, as well as the transition from a centrally planned economy to a free market economy (Hess, 2020).…”

Section: Discussionmentioning

confidence: 99%

The level of implementing sustainable development goal "Industry, innovation and infrastructure" of Agenda 2030 in the European Union countries: Application of MCDM methods

Brodny

Tutak

2023

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Research background: Sustainable development of the modern world represents an opportunity to preserve economic growth and technological progress, as well as social development, without limiting the possibilities of this development for past generations. The directions of this development are included in the 17 goals and 169 tasks of the 2030 Agenda for Sustainable Development. The achievement of these goals and the implementation of the adopted tasks is a huge challenge for individual countries and regions. This also applies to the European Union (EU), where economic development is closely linked to environmental protection and social inclusion. Of key importance in this context is Objective 9 of Agenda 2030, and thus its level of implementation in the EU-27 countries is the aim of the research presented in this paper. Purpose of the article: The research involved assessing the level of EU countries in terms of building stable infrastructure, promoting sustainable industrialization and fostering innovation, i.e., the main areas of Goal 9 of Agenda 2030. Methods: The assessment was based on the EU?27 countries' sustainable development index (SDG9) determined with the use of 14 indicators characterizing these areas between 2015?2020. The basis of the developed methodology was a multi criteria decision making approach (MCDM methods). TOPSIS, WASPAS and EDAS methods were used to determine the sustainability index, and the Entropy, CRITIC and standard deviation (SD) methods were used to determine weights for the adopted indicators. In addition, the use of the Spearman's and Kendall's Tau non-parametric tests enabled the analysis of the relationship between the SDG9 index and the basic economic, environmental and energy parameters, as well as the digitalization of the countries under study. Findings & value added: The results show that the EU?27 countries vary widely in terms of implementing Sustainable Development Goal 9 of Agenda 2030 over the analyzed period. Now, the most advanced in this respect are Denmark, Germany, Luxembourg, the Netherlands, Finland, and Sweden. By contrast, substantial problems are found in Bulgaria, Greece, Portugal, and Lithuania. The results also provide an opportunity to trace changes in the value of the designated index in individual countries, and in groups of countries of the "old" and "new" EU. These results significantly enrich the knowledge of the effectiveness of implementing Goal 9 of Agenda 2030 in the EU?27 countries and the relationship between the development of individual countries and sustainable development economy. These findings can also be used to create new EU?27 strategies for sustainable and solidarity-based development of the whole EU. In addition, the results can be helpful to decision-makers as they highlight important indicators related to innovation, industrialization and infrastructure that should be considered when formulating a country's sustainable development strategy. The added value of the study is the research procedure presented, which can be used in analyses on the study of various issues related to sustainable development for other groups of regions.

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Section: Discussionmentioning

confidence: 99%

The level of implementing sustainable development goal "Industry, innovation and infrastructure" of Agenda 2030 in the European Union countries: Application of MCDM methods

Brodny

Tutak

2023

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“…On the other hand, there were several scholars focused on the actors of the EE instead of the certain components. EE is a coordinated combination of coevolving stakeholders within a territory (Cao & Shi, 2021); or individual and institutional agents, on the national level (Sitaridis & Kitsios, 2020); or varied market players' roles (Hess, 2020) focused on chasing economic improvement through the exploration and exploitation of entrepreneurial chances.…”

Section: Definitions Of Eementioning

confidence: 99%

An Evolution of Entrepreneurial Ecosystem Studies: A Systematic Literature Review and Future Research Agenda

2023

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This study aims to conduct a systematic literature review (SLR) of the entrepreneurial ecosystem (EE) to synthesize and advance the knowledge of how it is investigated and evolved in the previous periods. This study pursues the PRISMA method to review selected EE research and the work of Garrard is applied to construct a SLR matrix to analyze EE literature in peer-reviewed English publication. A total of 100 studies published in 58 journals between 1993 and 2021 were gathered and evaluated. The results indicate three major findings. First, the research on EE has been emerged in the past decades. Second, EE has been defined in several ways and sectors, but the common definition of EE can be expressed through five criteria. Third, the most well-known theory, framework, and measurement of EE are clarified, while the nomological network of EE research was concurrently developed providing the summary of what has been examined. This study provides crucial implications for both theory and practice. In theoretical context, this study gives an updated summary of the trends of EE research; the most popular definition, theory framework, measurement, and nomological network of EE; and the agenda for future research; providing comprehensive overview of EE research and generates new insights for further research in this field. In practice, this study stimulates the awareness of the governors, managers, and other stakeholders of a specific region on building a healthy and effective EE and provides them the methods to improve the EE to generate successful entrepreneurship.

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“…Thirdly, from a theoretical perspective, we do not examine the influence of institutions (e.g., laws, regulations, norms, and culture) and business ecosystems on SME internationalization (Scott, 1995, 1998). We encourage future research to incorporate the influence of environmental forces (e.g., regulations, culture, government intervention, infrastructure, and technological capabilities) when exploring internationalization strategy in emerging economies (Hess, 2020; Meyer & Peng, 2016). Research can also explore how innovative SMEs adapt, interact, and co‐create in emerging market entrepreneurial ecosystems through networks and stakeholder collaborations (Ratten, 2020b).…”

Section: Limitations and Future Researchmentioning

confidence: 99%

The internationalization of Australian innovative small‐to‐medium enterprises utilizing wholly foreign‐owned entities in China

Abdulhak

Menzies

Paul

et al. 2022

Thunderbird Intl Bus Rev

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The purpose of the paper is to investigate how innovative, small-to-medium enterprises (SMEs) internationalize through utilizing wholly foreign-owned entities (WFOEs), as there is a little research explaining this. This paper presents the findings from in-depth case studies with 14 SMEs that internationalized to China as WFOEs.The SMEs internationalized as WFOEs in order to tap into opportunities and develop presence. WFOEs were developed either proactively or reactively, which provided a catalyst for internationalization. SMEs mostly used radical, game-changing product innovations. However, findings from the case studies revealed that the Chinese market did not always accept western innovations, and adaptations had to be made. A new conceptual model with a range of theoretical propositions for future researchers is developed, based on the findings.

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Entrepreneurial ecosystems in Bulgaria and Romania: A comparative analysis

Cited by 6 publications

References 50 publications

The level of implementing sustainable development goal "Industry, innovation and infrastructure" of Agenda 2030 in the European Union countries: Application of MCDM methods

The level of implementing sustainable development goal "Industry, innovation and infrastructure" of Agenda 2030 in the European Union countries: Application of MCDM methods

An Evolution of Entrepreneurial Ecosystem Studies: A Systematic Literature Review and Future Research Agenda

The internationalization of Australian innovative small‐to‐medium enterprises utilizing wholly foreign‐owned entities in China

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