Do geography and institutions affect entrepreneurs’ future business plans? Insights from Greece
Abstract It is widely known that both geography and institutions determine the location of an investment. However, little is known about the impact of these factors on entrepreneurs’ future business plans. Using a questionnaire survey, this paper examines whether the 'first-' and 'sec...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2023-02-01
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| Series: | Journal of Innovation and Entrepreneurship |
| Subjects: | |
| Online Access: | https://doi.org/10.1186/s13731-023-00266-3 |
| _version_ | 1797863186746048512 |
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| author | Evangelos Rasvanis Vassilis Tselios |
| author_facet | Evangelos Rasvanis Vassilis Tselios |
| author_sort | Evangelos Rasvanis |
| collection | DOAJ |
| description | Abstract It is widely known that both geography and institutions determine the location of an investment. However, little is known about the impact of these factors on entrepreneurs’ future business plans. Using a questionnaire survey, this paper examines whether the 'first-' and 'second-nature' geography and institutions affect the plans of entrepreneurs to expand or sell their businesses in Greece. The analysis shows that entrepreneurs intend to expand their businesses when the importance of the country's relative geographical location to the international market increases, but that of localisation economies decreases. There is also evidence that entrepreneurs aim to sell their businesses to domestic investors when sea access, the natural environment, the agglomeration economies, the location of Greece and the local governance are ideal for the business performance in the country. |
| first_indexed | 2024-04-09T22:31:31Z |
| format | Article |
| id | doaj.art-31dd28863cdd480ab7ac97112ef4795d |
| institution | Directory Open Access Journal |
| issn | 2192-5372 |
| language | English |
| last_indexed | 2024-04-09T22:31:31Z |
| publishDate | 2023-02-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Journal of Innovation and Entrepreneurship |
| spelling | doaj.art-31dd28863cdd480ab7ac97112ef4795d2023-03-22T12:42:47ZengSpringerOpenJournal of Innovation and Entrepreneurship2192-53722023-02-0112112110.1186/s13731-023-00266-3Do geography and institutions affect entrepreneurs’ future business plans? Insights from GreeceEvangelos Rasvanis0Vassilis Tselios1Department of Planning and Regional Development, University of ThessalyDepartment of Economic and Regional Development, Panteion University of Social and Political SciencesAbstract It is widely known that both geography and institutions determine the location of an investment. However, little is known about the impact of these factors on entrepreneurs’ future business plans. Using a questionnaire survey, this paper examines whether the 'first-' and 'second-nature' geography and institutions affect the plans of entrepreneurs to expand or sell their businesses in Greece. The analysis shows that entrepreneurs intend to expand their businesses when the importance of the country's relative geographical location to the international market increases, but that of localisation economies decreases. There is also evidence that entrepreneurs aim to sell their businesses to domestic investors when sea access, the natural environment, the agglomeration economies, the location of Greece and the local governance are ideal for the business performance in the country.https://doi.org/10.1186/s13731-023-00266-3GeographyInstitutionsBusiness expansionBusiness sellingGreece |
| spellingShingle | Evangelos Rasvanis Vassilis Tselios Do geography and institutions affect entrepreneurs’ future business plans? Insights from Greece Journal of Innovation and Entrepreneurship Geography Institutions Business expansion Business selling Greece |
| title | Do geography and institutions affect entrepreneurs’ future business plans? Insights from Greece |
| title_full | Do geography and institutions affect entrepreneurs’ future business plans? Insights from Greece |
| title_fullStr | Do geography and institutions affect entrepreneurs’ future business plans? Insights from Greece |
| title_full_unstemmed | Do geography and institutions affect entrepreneurs’ future business plans? Insights from Greece |
| title_short | Do geography and institutions affect entrepreneurs’ future business plans? Insights from Greece |
| title_sort | do geography and institutions affect entrepreneurs future business plans insights from greece |
| topic | Geography Institutions Business expansion Business selling Greece |
| url | https://doi.org/10.1186/s13731-023-00266-3 |
| work_keys_str_mv | AT evangelosrasvanis dogeographyandinstitutionsaffectentrepreneursfuturebusinessplansinsightsfromgreece AT vassilistselios dogeographyandinstitutionsaffectentrepreneursfuturebusinessplansinsightsfromgreece |