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

Received: 12 September 2016    Accepted: 28 February 2017    Published: 15 March 2017
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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 parameters associated with entrepreneurship in the period of the economic crisis. In this study, through a critical review of the literature and primary research, an analysis of a set of variables regarding enterpreneurship takes place, 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, it is the most important source of potential growth, given that public expenditure have been cut significantly, and private consumption has shrunk.

Published in International Journal of Economic Behavior and Organization (Volume 5, Issue 2)
DOI 10.11648/j.ijebo.20170502.11
Page(s) 36-53
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This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

entrepreneurship, financing, entrepreneurship motivation

References
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  • APA Style

    Evangelia Fragouli, Nikolaos Giannakovitis. (2017). Entrepreneurship and Financial Crisis: A Critical Investigation of Entrepreneurship Prospects and Opportunities That Lie Behind the Financial Crisis. International Journal of Economic Behavior and Organization, 5(2), 36-53. https://doi.org/10.11648/j.ijebo.20170502.11

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    ACS Style

    Evangelia Fragouli; Nikolaos Giannakovitis. Entrepreneurship and Financial Crisis: A Critical Investigation of Entrepreneurship Prospects and Opportunities That Lie Behind the Financial Crisis. Int. J. Econ. Behav. Organ. 2017, 5(2), 36-53. doi: 10.11648/j.ijebo.20170502.11

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    AMA Style

    Evangelia Fragouli, Nikolaos Giannakovitis. Entrepreneurship and Financial Crisis: A Critical Investigation of Entrepreneurship Prospects and Opportunities That Lie Behind the Financial Crisis. Int J Econ Behav Organ. 2017;5(2):36-53. doi: 10.11648/j.ijebo.20170502.11

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  • @article{10.11648/j.ijebo.20170502.11,
      author = {Evangelia Fragouli and Nikolaos Giannakovitis},
      title = {Entrepreneurship and Financial Crisis: A Critical Investigation of Entrepreneurship Prospects and Opportunities That Lie Behind the Financial Crisis},
      journal = {International Journal of Economic Behavior and Organization},
      volume = {5},
      number = {2},
      pages = {36-53},
      doi = {10.11648/j.ijebo.20170502.11},
      url = {https://doi.org/10.11648/j.ijebo.20170502.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijebo.20170502.11},
      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 parameters associated with entrepreneurship in the period of the economic crisis. In this study, through a critical review of the literature and primary research, an analysis of a set of variables regarding enterpreneurship takes place, 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, it is the most important source of potential growth, given that public expenditure have been cut significantly, and private consumption has shrunk.},
     year = {2017}
    }
    

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    T2  - International Journal of Economic Behavior and Organization
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    AB  - 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 parameters associated with entrepreneurship in the period of the economic crisis. In this study, through a critical review of the literature and primary research, an analysis of a set of variables regarding enterpreneurship takes place, 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, it is the most important source of potential growth, given that public expenditure have been cut significantly, and private consumption has shrunk.
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Author Information
  • Business School, University of Dundee, Dundee, UK

  • Hellenic Open University, Patra, Greece

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