Do geography and institutions affect entrepreneurs' future business plans? Insights from Greece

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Journal of Innovation and Entrepreneurship ; ISSN: 2192-5372 ; Volume: 12 ; Year: 2023 ; Issue: 1 ; Pages: 1-21

Classification and Topics

• Classification: Management ; Institutions: Design, Formation, Operations, and Impact ; Business Economics: General ; Socialist Systems and Transitional Economies: Natural Resources; Energy; Environment ; Size and Spatial Distributions of Regional Economic Activity
• Subject: Business expansion ; Business selling ; Geography ; Greece ; Institutions

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Rasvanis, Evangelos ; Tselios, Vassilis
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2023

Further information

• DOI: doi:10.1186/s13731-023-00266-3
• Last update: 10.03.2025, 11:42 AM CET