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Business Restart in Visegrad Countries

Author

Listed:
  • Marian Holienka

    (Comenius University in Bratislava)

  • Anna Pilková

    (Comenius University in Bratislava)

  • Michal Munk

    (Constantine the Philosopher University in Nitra)

Abstract

The main goal of our paper is to analyse business restarts in Visegrad countries on an individual level and to identify key drivers of restart activity from among perceptual variables. The analysis is based on Global Entrepreneurship Monitor data. We employ descriptive statistics to analyse the quantitative aspect of business restart and regression modelling to identifyits drivers. Our findings proved that business discontinuation and consequent restart are both integral parts of entrepreneurship in V4 countries. Entrepreneurial selfefficacy and fear of failure, together with gender andage, proved to have a significant relationship with individual restart activity. The individual perceptual variables as components of entrepreneurial potential, as well as the issue of inclusiveness, proved to play an important role in business restart. Our study is the first comprehensive analysis of the under-researched topic of business restart in the V4 region. In addition to highlighting its importance as an integral part of entrepreneurial dynamics in V4 countries, it also identifies individual-level drivers of this specifictype of entrepreneurial activity.

Suggested Citation

  • Marian Holienka & Anna Pilková & Michal Munk, 2014. "Business Restart in Visegrad Countries," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 2(1), pages 37-48.
    • Handle: RePEc:krk:eberjl:v:2:y:2014:i:1:p:37-48
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    File URL: http://eber.uek.krakow.pl/index.php/eber/article/download/35/40
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    entrepreneurship; discontinuation; restart; restart drivers; Global Entrepreneurship Monitor (GEM);
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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