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The purpose of this paper is to explore potential drivers of high-growth intentions of early-stage entrepreneurs in Greece before and after the onset of the financial…
The purpose of this paper is to explore potential drivers of high-growth intentions of early-stage entrepreneurs in Greece before and after the onset of the financial crisis of 2008.
To this end, the authors use individual-level data retrieved from Global Entrepreneurship Monitor annual surveys (2003-2015).
The results show that high-growth intentions of Greek entrepreneurs are driven by different factors in the crisis compared to the non-crisis period. Male entrepreneurs and entrepreneurs with significant work experience seem to be more likely to be engaged in growth-oriented new ventures during the crisis period. The same appears to hold for entrepreneurs who are motivated by an opportunity and also perceive future business opportunities in adverse economic conditions. On the other hand, the educational level and the social contacts of founders with other entrepreneurs are found to drive ambitious Greek entrepreneurship in the years before the crisis, while they were insignificant after the crisis outbreak.
Based on the concept of ambitious entrepreneurship, this study contributes to the literature by investigating the determinants of entrepreneurial high-growth expectations in the Greek context emphasizing the crisis period in comparison to the pre-crisis years.
During the recent economic crisis, public procurement reforms have received a great attention as a key mechanism that enables significant cost savings and improves…
During the recent economic crisis, public procurement reforms have received a great attention as a key mechanism that enables significant cost savings and improves transparency in the public sector, particularly in countries which are under a process of extensive fiscal consolidation like Greece. This paper examines the effects of improved transparency on public procurement cost in the light of the ongoing structural reforms taking place in Greece. The basic finding indicates that ensuring transparent practices in public procurement processes reduces government expenditures by about 1.8 - 3.4 percentage points. A dataset on 2309 public supply contracts for goods was used, supplementing the pooled OLS estimates with quantile regressions.
The main objective of this chapter is to explore how the adoption of corporate social responsibility (CSR) practices is associated with firm innovativeness, utilising a…
The main objective of this chapter is to explore how the adoption of corporate social responsibility (CSR) practices is associated with firm innovativeness, utilising a rich data survey of 3,500 Greek SMEs. Furthermore, by classifying SMEs into two groups, the high-performing and low-performing in terms of CSR, we explore whether and in which way the application of CSR moderates the relationship between innovation inputs (such as R&D expenditure and R&D collaboration) and innovation output. The findings obtained from the first stage of our analysis suggest that CSR practices drive the innovation process as well as the innovation output of SMEs, supporting thus SDG9. The empirical results obtained from the second stage of analysis indicate that the wide adoption of CSR practices may stand as an alternative way to established and more expensive drivers of innovation output in adverse times when firms lack financial resources especially in crisis-hit economies such as the case of Greece.