Entrepreneurship and Financial Crisis: A Critical Investigation of Entrepreneurship Prospects and Opportunities That Lie Behind the Financial Crisis

Evangelia Fragouli (Lead / Corresponding author), Nikolaos Giannakovitis

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    Abstract

    The aim of this study is to identify the factors which affect the decision of setting up new business in Greece, as well as identifying factors associated with entrepreneurship in the period of the economic crisis. In this study, through a critical review of the literature and by primary research, there is an analysis of set of parameters regarding entrepreneurship, such as the sources of business financing, the institutional environment, as reflected in the role of clusters and business education, as well as the incentives entrepreneurs have in order to set up a business in the current conditions. The study shows that Entrepreneurship is not a fixed condition, but a dynamic process, entrepreneurship is the most important source of potential growth, given that public expenditure have been cut significantly, and private consumption has shrunk.
    Original languageEnglish
    Pages (from-to)36-53
    Number of pages18
    JournalInternational Journal of Economic Behavior and Organization
    Volume5
    Issue number2
    Early online date15 Mar 2017
    DOIs
    Publication statusPublished - Apr 2017

    Fingerprint

    Financial crisis
    Entrepreneurship
    Factors
    Private consumption
    Business education
    Financing
    Public expenditure
    New business
    Dynamic process
    Economic crisis
    Entrepreneurs
    Incentives
    Greece
    Institutional environment

    Keywords

    • Entrepreneurship
    • Financing
    • Entrepreneurship motivation

    Cite this

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