Within the Global Entrepreneurship Monitor research (GEM) we analyse the complex system of indicators of level (quantity) and quality (potential of growth and generation of employment) for nascent, new and established entrepreneurs and enterprises. We follow the objective and basis of this research program - namely, the importance of international comparisons, since in GEM the Slovenian entrepreneurial reality is compared with 72 other countries, participating in GEM in the analysed year. Our research results reveal, that Slovenian entrepreneurship lacks the momentum and vitality. This was obvious especially regarding the entrepreneurial opportunities recognition, regarding entrepreneurial intentions and in growing share of necessity entrepreneurs among the nascent entrepreneurs. We upgrade our research with the economic policy suggestions, that are focused especially on tax field, as well as suggested changes of laws in some other fields, with the purpose to better support the high tech companies. Among other policy implications especially cultural and social norms in the society are discussed, although they demand a lot of time and efforts.
COBISS.SI-ID: 81852929
This article aims to examine whether any causal relationships exist among different types of entrepreneurial activity and economic growth. The theory and some empirical evidence proved positive outcomes of entrepreneurial activity, but mixed evidence on the role of entrepreneurship in economic growth. For the purposes of empirical testing, a longitudinal analysis was employed for 24 differently developed countries to estimate the relationship between different types of entrepreneurial activity and GDP growth rate, controlling for the impact of countries´ developmental stage and time. The data were obtained from the Global Entrepreneurship Monitor database and complemented with data from other international sources. The results confirmed that entrepreneurship activity, especially innovation-oriented one, is correlated with economic growth, but this relationship is influenced by the economy´s developmental stage as well as by specific characteristics of certain years included in the analysis. Our results indicate that governmental interventions cannot be the same for all countries; rather, they have to be adjusted to the specific developmental stage of the national economy and type of entrepreneurship.
COBISS.SI-ID: 12044316
Processes of transferring, interacting, sharing and converting knowledge are of crucial importance in any firm due to their influence on innovations. These processes are especially challenging during the family business succession. A theory-building qualitative study was undertaken to extend our understanding of the dynamics of the knowledge transfer process and its effects on the successor' s innovativeness. The findings of the in-depth analysis of 10 family SMEs show that tacit knowledge transferred from a founder to a successor is important but not sufficient for enhancing the successor's innovativeness. It should be combined with the knowledge gained outside the family business. Several propositions were developed that provide basis for future confirmatory research and have implications for practice by providing useful findings to key stakeholders in family businesses as well as to professionals dealing with innovativenness, knowledge transfer and creation in family businesses
COBISS.SI-ID: 513438338
The aim of this article is to provide information about using Ryff´s Scales of Psychological Well-Being in Slovenia. Based on the initial presentation of the concept of psychological well-being (PWB), this article subsequently presents the results of empirical research in the PWB of employees in organizations in Slovenia. The main goal of this research is to present the procedure of building a PWB model based on the Ryff and Keyes multidimensional model of well-being, which was adapted to the studied population. By using factor analysis, both the exploratory and the confirmatory one, we confirmed that the PWB model is multidimensional. We made a selection of constructs and indicators that best describe PWB. The results of the final PWB model can let us report that the relationship between PWB and ˝autonomy˝ is stronger than the relationship between PWB and ˝positive relations with others˝, and between PWB and ˝self-acceptance˝. For the human resource management activities in Slovenian organizations it is also important that employees want to learn and grow. The results provide the basis for the future actions, necessary to raise awareness of stakeholders.
COBISS.SI-ID: 11725340
This paper studies comovement between changes in sovereign bond yields and stock market returns for ten Eurozone countries (Austria, Belgium, Finland, France, Ireland, Italy, Germany, Netherlands, Portugal, and Spain) in the period from January 2000 - end of August 2011, applying the maximal overlap discrete wavelet transform (MODWT) variance and correlation tools. We found that the for all but one country (namely Portugal) the stock return volatility is higher than the volatility of sovereign bond yield changes across all wavelet scales. The highest volatility in stock indices% returns and bond yield changes is captured by lower level MODWT wavelet coefficients (i.e., level 1 ( ) MODWT wavelet coefficients, associated with dynamics over 2 to 4 days and level 2 ( ) MODWT wavelet coefficients associated with dynamics over 4 to 8 days). A practical implication stemming from this finding is that investors with short investment horizons that want to efficiently manage the risk of their portfolio investments have to respond to every fluctuation in realized returns or bond yield changes, while for an investor with a much longer horizon, the need to do this is reduces, as long-run risk is significantly smaller as indicated by the variance. The results of the paper show also that the estimated wavelet correlation changes with the time scale and is mostly positive for all countries but Portugal. The statistical evidence against hypothesis of no multiscale dependence yet is weak. Thus we cannot statistically claim that the wavelet coefficients at higher scales are significantly different (either higher or lower) that those at lower scales. For the financial markets of Portugal and Germany we proved that the dependence between stock and sovereign bond market dynamics may not be just a multiscale phenomenon, but may also exhibits time dynamics across scales. The rolling-window wavelet correlation estimates show that at all scales correlation turned negative for Portugal at the start of 2010 - this is when the Eurozone debt crisis started which also hit hard the Portugal sovereign bond market - thus probably causing the ˝average˝ wavelet correlation for Portugal for the whole observed period to be negative.
COBISS.SI-ID: 11984924