ENVIRONMENTAL AND INDIVIDUAL DETERMINANTS OF ENREPRENEURIAL GROWTH: AN EMPIRICAL EXAMINATION

Abstract

Entrepreneurial growth is predicted to be related to micro variables (motivations) and macro variables (infrastructure elements) but in a differential way. Infrastructure variables are tested as moderators in the motivation-growth relationship. Motivations are further categorized into intrinsic pull and extrinsic push factors. A rich sample of 405 recently-minted entrepreneurs in a privatizing economy (Romania) was surveyed. Results essentially confirmed the predictions, with motivations playing a larger role than anticipated. Implications were discussed for policymakers charged with the responsibilities of economic development through entrepreneurship.

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