Entrepreneurship is increasingly being recognised as an indispensable tool for consolidating the market based economic system adopted by transition economies. Despite this, little is known about the factors that influence the decision to become entrepreneurially active in these countries. Academic research has recently demonstrated that differences in entrepreneurship levels are in-part explained by the varied impact across territories of entrepreneurial role models. Because Romania passed from a formal institutional framework based on central planning to one oriented towards a market economy, it had a near absence of entrepreneurial role models when it abandoned central planning. (more…)
Archive for the ‘Business in Romania’ Category
Role Models in Romanian entrepreneurship
Thursday, January 1st, 2009Romania and the franchise exports
Monday, May 12th, 2008Romania agreed that the community trade mark (European Council Regulation no. 40/94/EC of December 20, 1993) should produce effects in its respect as well in order to have an unitary effect throughout the Union’s entire territory. (more…)
Profile of the potential franchisee in Romania
Sunday, April 6th, 2008Using a sample collected by the IMO and CEBR that includes 1,449 Romanian individuals prospective franchisees, the study indicates that women are more involved in prior start-up entrepreneurial activities (9.58%), whereas men show a slightly higher rate of recent business creation (16.75%). The medium age is between 33 and 35 years. However, we notice that individuals between 36 and 50 years old are more actively involved in pre start-up entrepreneurial activities (9.40%). (more…)
