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Entrepreneurship In A Transition Economy: An Examination Of Venture Creation In Hungary

Author

Listed:
  • MARJORIE A LYLES

    (Management Department, Indiana University, USA)

  • INGA S BAIRD

    (Department of Management Science, Ball State University, USA)

  • J B ORRIS

    (School of Business, Butler University, USA)

Abstract

This study examines entrepreneurs and new ventures in a transition economy, Hungary, and identifies what variables distinguish between Hungarian entrepreneurs and their new ventures in the pre-1988 transition period from that which followed. The variables that discriminate most strongly are their business strategies. The newer firms had a concentration strategy while the older firms had a new product development strategy. Other variables that discriminated between the groups include reacting to the political environment, satisfaction with firm performance, encouragement from investors, recent investment in building improvement, and family history of entrepreneurship. The newer entrepreneurs had more family role models of entrepreneurship.

Suggested Citation

  • Marjorie A Lyles & Inga S Baird & J B Orris, 1995. "Entrepreneurship In A Transition Economy: An Examination Of Venture Creation In Hungary," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 3(01), pages 59-83.
    • Handle: RePEc:wsi:jecxxx:v:03:y:1995:i:01:n:s0218495895000040
    DOI: 10.1142/S0218495895000040
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    Cited by:

    1. Eric W. K. Tsang, 1996. "In Search of Legitimacy: The Private Entrepreneur in China," Entrepreneurship Theory and Practice, , vol. 21(1), pages 21-30, October.

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