Entrepreneurial expansion plans: An empirical investigation of infrastructure predictors

Jianwen Liao (Illinois Institute of Technology)
Harold P. Welsch (DePaul University)
David Pistrui (Illinois Institute of Technology)

New England Journal of Entrepreneurship

ISSN: 2574-8904

Article publication date: 1 March 2009

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Abstract

Results from factor analysis revealed refined patterns of entrepreneurial growth, including resource aggregation, market expansion, and technological improvement. The relationships between infrastructure and entrepreneurial growth were tested using a multiple regression model. Overall, it was posited that infrastructure is positively related to entrepreneurial growth. However, in most of the cases, the opposite proved to be true. These findings suggest that the Romanian entrepreneurs would pursue expansion plans in spite of the obstacles thrown into their path. Perhaps they have already developed strategies about overcoming those obstacles and in that process have developed the strength, ingenuity, and confidence to grow their new business ventures. Perhaps the many years that Romanians were confronted with numerous political and economical obstacles have prepared them to be much more flexible and adaptive.These counter-intuitive findings reflect on the hardiness and perseverance of the Romanian entrepreneurs.

Citation

Liao, J., Welsch, H.P. and Pistrui, D. (2009), "Entrepreneurial expansion plans: An empirical investigation of infrastructure predictors", New England Journal of Entrepreneurship, Vol. 12 No. 1, pp. 19-32. https://doi.org/10.1108/NEJE-12-01-2009-B002

Publisher

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Emerald Publishing Limited

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