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Determinants of Social Entrepreneurs in Southeast Europe: GEM Data Analysis

Author

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  • Bojan Leković

    (Department of Management, Faculty of Economics in Subotica, University of Novi Sad, 21000 Novi Sad, Serbia)

  • Ozren Uzelac

    (Department of Management, Faculty of Economics in Subotica, University of Novi Sad, 21000 Novi Sad, Serbia)

  • Tibor Fazekaš

    (City Administration—City of Subotica, 24000 Subotica, Serbia)

  • Aleksandra Marcikić Horvat

    (Department of Business Informatics and Quantitative Economics, Faculty of Economics in Subotica, University of Novi Sad, 21000 Novi Sad, Serbia)

  • Petar Vrgović

    (Department of Industrial Engineering and Management, Faculty of Technical Sciences, University of Novi Sad, 21000 Novi Sad, Serbia)

Abstract

With this paper, we aim to examine the relationship between cognitive, social, and demographical factors, as well as national culture and its relationship with social entrepreneurial activity in Southeast Europe (SEE). The empirical research employs a binary logistic regression model, utilizing data obtained from the Global Entrepreneurship Monitor. For the purpose of the empirical research, we selected a sample of early-stage entrepreneurs who founded their businesses in Hungary, Romania, Slovenia, Croatia, or North Macedonia. The research sample in these five countries includes 10,012 examinees, of which 615 are social entrepreneurs. A statistically significant relationship was identified between observed phenomena in terms of entrepreneurial networking, risk aversion, individualism, entrepreneurial social image, media impact, gender, work status, and education. The results can be explained by the specific entrepreneurial context of the SEE region. We also point out recommendations for future research.

Suggested Citation

  • Bojan Leković & Ozren Uzelac & Tibor Fazekaš & Aleksandra Marcikić Horvat & Petar Vrgović, 2021. "Determinants of Social Entrepreneurs in Southeast Europe: GEM Data Analysis," Sustainability, MDPI, vol. 13(20), pages 1-15, October.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:20:p:11513-:d:659082
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