Regional Entrepreneurship Culture and the Business Lifecycle: Patterns from the Moravian-Silesian Region

Šebestová, Jarmila; Klepek, Martin; Čemerková, Šárka; Adámek, Pavel

doi:10.11118/201563062137

Cited by 2 publications

(3 citation statements)

References 15 publications

(10 reference statements)

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“…Factors having impact on disparities may be classified into social, historical, geographical (territorial) and economic variables (Kutscherauer et al, 2010). Key identified variables according to authors in the Czech regional economic development are: GDP per capita, growth of GDP, average gross wage, income, unemployment rate, entrepreneurial activity, population density, demographical trend, traffic infrastructure, educational, age and labour structure of inhabitants, presence of universities and research centres (Zimmermannová et al, 2016;Šebestová et al, 2015;Baštová et al, 2011;Kutscherauer et al, 2010;Damborský and Wokoun, 2010;Martin cík, 2008;Paul Dana, 2000). The impact of cohesion policies (Blažková, 2016;Edoho, 2016;Dvouletý and Lukeš, 2016;Kolařík et al, 2014) and the role of foreign direct investments (Damborský and Wokoun, 2010) also need to be discussed.…”

Section: Czech Regional Disparities and Tested Hypothesesmentioning

confidence: 99%

“…On studying interregional differences and disparities in the Czech Republic, scholars emphasized the role of entrepreneurship (Dvouletý, 2017b;Šebestová et al, 2015;Baštová et al, 2011;Kutscherauer et al, 2010;Martin cík, 2008); however, the more rigorous approach testing the impact of entrepreneurship on regional economic development is still missing. By positive economic development, I mean, in this paper, an increase in regional gross domestic product (GDP) per capita and decrease in regional unemployment rate.…”

Section: Introductionmentioning

confidence: 99%

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Can policy makers count with positive impact of entrepreneurship on economic development of the Czech regions?

Dvouletý

2017

JEEE

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Purpose The purpose of the present study is to empirically investigate the impact of the newly established entrepreneurial activity on economic development of the Czech NUTS 3 regions during the period of years 2003-2015. Design/methodology/approach An econometric approach was used to validate the stated hypotheses assuming a positive relationship between the new entrepreneurial activity and regional economic growth and a negative relationship between the new entrepreneurial activity and unemployment rate. For the methods, regression models with fixed effects were estimated on the panel that included 13 Czech regions, covering the period of years 2003-2015. The new entrepreneurial activity was classified into two forms – rate of newly established self-employed set-ups per capita and rate of newly established business companies and partnership set-ups per capita. Findings Different impacts of newly established business companies and the self-employed were found on real gross domestic product (GDP) per capita. Only the higher rates of newly established business companies and partnership were associated with higher levels of GDP per capita in the Czech regions, and no impact was found for the rate of new self-employed set-ups. Nevertheless, both forms of newly established entrepreneurial activity were associated with lower unemployment rates in the Czech regions; however, the impact of newly established business companies was significantly higher. The obtained results have several policy implications, which are discussed in the present paper. Practical implications Support of entrepreneurship in the Czech regions may improve the situation on the local labour markets and may deliver new job opportunities through the newly established enterprises. The Czech entrepreneurship policies focused on the growth of GDP and economic boom should be oriented more on the support of high-growth enterprises (unicorns). Originality/value The empirical analysis was conducted on the basis of the research gap in the studies related to the impact of the newly established entrepreneurial activity on the economic development of the Czech regions. Obtained results have several policy implications, which are discussed in the present paper.

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Section: Czech Regional Disparities and Tested Hypothesesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Can policy makers count with positive impact of entrepreneurship on economic development of the Czech regions?

Dvouletý

2017

JEEE

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“…In overall, entrepreneurship plays an important role in the country´s regional economic development. Membership in the EU was also associated with the large investments from EU structural funds that aimed to improve the Czech infrastructure, business environment and in overall to support a growing national entrepreneurial ecosystem (Dvouletý, 2017b; Lukeš, 2017; Šebestová et al , 2015).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Are publicly funded Czech incubators effective? The comparison of performance of supported and non-supported firms

Dvouletý

Longo

Blažková

et al. 2018

EJIM

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Purpose Even in established economies, empirical studies on the relationship between business incubation and firm performance do not show unequivocally positive results. The purpose of this paper is to contribute to this debate based on the empirical evidence from the under-researched Central and Eastern European region in which no similar study has been conducted before. Due to the shorter experience with the management of business incubators and less developed institutions, business incubators may not be so effective in supporting their tenants in this region. Design/methodology/approach The authors utilise firm-level data from incubated Czech enterprises (n=205) founded after 2003 and compare them with those that have not received support from incubators. The authors implement three matching techniques to pair incubated and non-incubated companies. The outcome variables measured sales, price-cost margin, assets turnover, value added, size of total assets and size of personnel costs. Findings Compared to the control group, incubated firms reported on average lower values of the above-mentioned indicators. Presented study shows that Czech incubators have not been successful in supporting growth of incubated firms. Practical implications The study suggests that there is a clear room for improvements. Incubators should improve in attracting and selecting high potentials and in providing more effective support focussed on tenants’ growth, whereas policymakers should exercise stricter control regarding the money spent and effectiveness of incubators. Originality/value The empirical analysis was conducted based on the research gap in the studies related to the impact of business incubation in the under-researched Central and Eastern European region. It also shows that positive results from similar studies done in established economies cannot be taken for granted as they depend on the quality of institutions in a particular country.

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Regional Entrepreneurship Culture and the Business Lifecycle: Patterns from the Moravian-Silesian Region

Cited by 2 publications

References 15 publications

Can policy makers count with positive impact of entrepreneurship on economic development of the Czech regions?

Can policy makers count with positive impact of entrepreneurship on economic development of the Czech regions?

Are publicly funded Czech incubators effective? The comparison of performance of supported and non-supported firms

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