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An Exploration in Sustainability and Lifespan of Enterprise: A Cross–Country Empirical Study (2011–2020)

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  • Debasish Roy

    (Department of Management Sikkim University)

Abstract

There has been a plethora of research works about entrepreneurship in the last two decades since enterprises are now treated as one the major driving forces, if not the most influential, of global economy as a whole. To quote Filion (2021): “The term ‘entrepreneur’ is a French word derived from the verb ‘entreprendre’, which means to do or to undertake. It can be divided into two parts, ‘entre’, meaning ‘between’, and ‘preneur’ meaning ‘taker’. Literally, then, an entre- preneur is a ‘between-taker’, or ‘go- between.” On the other hand, the term ‘enterprise’ has originated from ‘emprise’ (Root Latin word: Imprisia) which refers to something bold, firm, and daring (Vérin, 1982; pp. 31–33). This research paper has attempted to construct a structural model to establish a regressionary relationship between the regressand enterprise growth, and the regressors bankruptcy, venture capital investment, and enterprise life span respectively by using a mix of empirical panel data and time series study on 5 sample European countries for the time period of 10 years (2011–2020). The derived statistical results proved to be a mixed bag of some interesting findings which could be used as the ‘stepping-stones’ for further research.

Suggested Citation

  • Debasish Roy, 2024. "An Exploration in Sustainability and Lifespan of Enterprise: A Cross–Country Empirical Study (2011–2020)," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 5307-5328, June.
    • Handle: RePEc:spr:jknowl:v:15:y:2024:i:2:d:10.1007_s13132-023-01310-z
    DOI: 10.1007/s13132-023-01310-z
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    References listed on IDEAS

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    1. Johan Eklund & Nadine Levratto & Giovanni B. Ramello, 2020. "Entrepreneurship and failure: two sides of the same coin?," Small Business Economics, Springer, vol. 54(2), pages 373-382, February.
    2. André Stel & Martin Carree & Roy Thurik, 2005. "The Effect of Entrepreneurial Activity on National Economic Growth," Small Business Economics, Springer, vol. 24(3), pages 311-321, February.
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    5. Peter Van Der Zwan & Ingrid Verheul & Roy Thurik & Isabel Grilo, 2013. "Entrepreneurial Progress: Climbing the Entrepreneurial Ladder in Europe and the United States," Regional Studies, Taylor & Francis Journals, vol. 47(5), pages 803-825, May.
    6. Larissa Batrancea & Mircea Iosif Rus & Ema Speranta Masca & Ioan Dan Morar, 2021. "Fiscal Pressure as a Trigger of Financial Performance for the Energy Industry: An Empirical Investigation across a 16-Year Period," Energies, MDPI, vol. 14(13), pages 1-17, June.
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    8. Peter van der Zwan & Roy Thurik & Isabel Grilo, 2010. "The entrepreneurial ladder and its determinants," Applied Economics, Taylor & Francis Journals, vol. 42(17), pages 2183-2191.
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    10. Larissa Batrancea & Malar Kumaran Rathnaswamy & Ioan Batrancea, 2022. "A Panel Data Analysis on Determinants of Economic Growth in Seven Non-BCBS Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 1651-1665, June.
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    More about this item

    Keywords

    C10; C43; C65; M10; M16;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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