Data and debates about the role of women in the digital world are gaining increasing importance in the study of gender and the digital economy. This paper explores the complex relationship of the role of women in the digital economy over the last two decades. The analysis used a review of the literature of scientific works and documents of official international institutions. All available sources indicate progress in recent years, but challenges remain. Several samples were created, and quantitative analysis assessed trends over time. The general conclusions suggest that the role of women in the digital economy is increasingly pronounced and significant. The results of the study confirm global expectations that promote the role of women in the digital economy (glass ceilings), where women work in key positions (women on boards) and participate in decision-making (glass cliffs). The regression econometric model shows that the role of women in the digital economy is increasingly important to recognize women who use Internet networks to a greater extent (business, social), those with above basic overall digital skills, as well as ICT experts. The paper ends with a list of potential recommendations for the modern framework of the digital economy.
{"title":"Are Women Recognized in the Digital Economy? Experiences of Developed Economies","authors":"Vladimir Ristanović, Marko Šostar, Mario Hak","doi":"10.2478/sbe-2024-0011","DOIUrl":"https://doi.org/10.2478/sbe-2024-0011","url":null,"abstract":"Data and debates about the role of women in the digital world are gaining increasing importance in the study of gender and the digital economy. This paper explores the complex relationship of the role of women in the digital economy over the last two decades. The analysis used a review of the literature of scientific works and documents of official international institutions. All available sources indicate progress in recent years, but challenges remain. Several samples were created, and quantitative analysis assessed trends over time. The general conclusions suggest that the role of women in the digital economy is increasingly pronounced and significant. The results of the study confirm global expectations that promote the role of women in the digital economy (glass ceilings), where women work in key positions (women on boards) and participate in decision-making (glass cliffs). The regression econometric model shows that the role of women in the digital economy is increasingly important to recognize women who use Internet networks to a greater extent (business, social), those with above basic overall digital skills, as well as ICT experts. The paper ends with a list of potential recommendations for the modern framework of the digital economy.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"68 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150606","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This work analyzes the implementation of green human resources in a package printing company. It specifically examines the effect of green human resources on employees’ eco-friendly behavior, employees’ organizational commitment, and corporate environmental performance. The study object was a package printing company’s performance in promoting green business. This exploratory quantitative study involved 510 employees as the respondents. They have worked in the company for at least three years, graduated from senior high school, and were minimum at staff-level. Data were collected by distributing questionnaires through Google Form and analyzed using PLS-SEM. The study result showed that eco-friendly behavior positively affects employees’ organizational commitment and corporate environmental performance. Employees’ ecofriendly behavior positively affects the corporate environmental performance. Meanwhile, employees’ organizational commitment positively affects the employees’ eco-friendly behavior. Green human resources did not affect the employees’ eco-friendly behavior. This study concludes that green human resources could be achieved by enhancing employees’ organizational commitment. This commitment is proven to stimulate employees’ eco-friendly behavior, which supports the corporate’s environmental performance together with the green human resource. The company needs to set regulations or policies to improve the role of green HR in managing eco-friendly behaviors.
{"title":"The Roles of Green Human Resources on Employees Eco-Friendly Behavior, Organizational Commitment, and Corporate’s Environmental Performance","authors":"Ahmad Azmy","doi":"10.2478/sbe-2024-0002","DOIUrl":"https://doi.org/10.2478/sbe-2024-0002","url":null,"abstract":"This work analyzes the implementation of green human resources in a package printing company. It specifically examines the effect of green human resources on employees’ eco-friendly behavior, employees’ organizational commitment, and corporate environmental performance. The study object was a package printing company’s performance in promoting green business. This exploratory quantitative study involved 510 employees as the respondents. They have worked in the company for at least three years, graduated from senior high school, and were minimum at staff-level. Data were collected by distributing questionnaires through Google Form and analyzed using PLS-SEM. The study result showed that eco-friendly behavior positively affects employees’ organizational commitment and corporate environmental performance. Employees’ ecofriendly behavior positively affects the corporate environmental performance. Meanwhile, employees’ organizational commitment positively affects the employees’ eco-friendly behavior. Green human resources did not affect the employees’ eco-friendly behavior. This study concludes that green human resources could be achieved by enhancing employees’ organizational commitment. This commitment is proven to stimulate employees’ eco-friendly behavior, which supports the corporate’s environmental performance together with the green human resource. The company needs to set regulations or policies to improve the role of green HR in managing eco-friendly behaviors.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"30 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150608","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Alexandra Horobeţ, Maria-Alexandra Dalu, Cristina Negreanu
Exogenous shocks like the COVID-19 pandemic or the Russian conflict affected the global economy, but mostly emerging economies. Even though the critical moments have passed, the negative effects on the economy are still present in the current economic environment, characterized by high levels of uncertainty. Exogenous events, which have an uncertain likelihood of occurring, harm economies regardless of their development. In fact, a framework for unanticipated events is vital, as are steps to achieve low levels of national debt and increased authority stability. In this context, the objective of this paper is to examine the dynamic relationships between energy prices and certain macroeconomic variables, which were affected by the fact that the energy crisis triggered by the Russian-Ukrainian conflict overlapped with the accelerated transition to a green economy and the decarbonization process. The CEE countries are more vulnerable to the energy crisis, and their proximity to the front lines of military conflict can be an important fact to take into account. The research focuses on the Czech Republic, Hungary, Poland, and Romania. The empirical analysis was conducted on monthly frequency data and in order to present an effective method of modeling interactions between macroeconomic variables, the Bayesian technique was employed.
{"title":"Evaluating the Impact of Energy Price Shocks on Emerging Countries from the Non-Euro Area: A Macroeconomic Analysis","authors":"Alexandra Horobeţ, Maria-Alexandra Dalu, Cristina Negreanu","doi":"10.2478/sbe-2024-0018","DOIUrl":"https://doi.org/10.2478/sbe-2024-0018","url":null,"abstract":"Exogenous shocks like the COVID-19 pandemic or the Russian conflict affected the global economy, but mostly emerging economies. Even though the critical moments have passed, the negative effects on the economy are still present in the current economic environment, characterized by high levels of uncertainty. Exogenous events, which have an uncertain likelihood of occurring, harm economies regardless of their development. In fact, a framework for unanticipated events is vital, as are steps to achieve low levels of national debt and increased authority stability. In this context, the objective of this paper is to examine the dynamic relationships between energy prices and certain macroeconomic variables, which were affected by the fact that the energy crisis triggered by the Russian-Ukrainian conflict overlapped with the accelerated transition to a green economy and the decarbonization process. The CEE countries are more vulnerable to the energy crisis, and their proximity to the front lines of military conflict can be an important fact to take into account. The research focuses on the Czech Republic, Hungary, Poland, and Romania. The empirical analysis was conducted on monthly frequency data and in order to present an effective method of modeling interactions between macroeconomic variables, the Bayesian technique was employed.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"07 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150514","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper presents a framework for designing external financial intervention mechanisms in the form of partnership agreements between financial institutions and different economic participants involved in the farm machinery supply chain. The scope of these partnership agreements is to facilitate small farmers’ access to loans when purchasing agricultural equipment. The research methodology and research results are drawn from desk and field research conducted on the emerging agricultural market. Several inclusive conceptual models of financing mechanisms based on business relationships between financial institutions, small farmers and either the suppliers of agricultural equipment or buyers of agricultural outputs are presented.
{"title":"Developing Inclusive Models of Value Chain Financing","authors":"Roxana Florența Săvescu","doi":"10.2478/sbe-2024-0012","DOIUrl":"https://doi.org/10.2478/sbe-2024-0012","url":null,"abstract":"This paper presents a framework for designing external financial intervention mechanisms in the form of partnership agreements between financial institutions and different economic participants involved in the farm machinery supply chain. The scope of these partnership agreements is to facilitate small farmers’ access to loans when purchasing agricultural equipment. The research methodology and research results are drawn from desk and field research conducted on the emerging agricultural market. Several inclusive conceptual models of financing mechanisms based on business relationships between financial institutions, small farmers and either the suppliers of agricultural equipment or buyers of agricultural outputs are presented.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"83 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150516","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The present study aims to assess the ecosystem services of the Danube Delta through a complex multi-factor hierarchical regression analysis. Using three different regression models, the research addresses multiple dimensions of human-nature interaction in this area of major ecological and cultural importance. First, the attractiveness of ecosystem services (VF1) was investigated, identifying a positive impact of improved infrastructure and tourism service provision on the local economy and visitor experience. It was also found that this attractiveness needs to be weighed with specific demographic and social needs. Secondly, the current perception and potential for conservation and tourism (VF2) was examined, revealing the link between effective resource management and the region’s tourism value. Thus, positive perceptions of conservation practices were found to be determinant in establishing the value of the Delta as a tourist destination. Finally, the impact of obstacles to Delta development (VF3) was considered, highlighting the importance of an integrated approach to development planning in the region. The recognised obstacles involve environmental, economic and social factors, and indicate the need for balanced management of natural resources. The results of the study highlight the need for multidisciplinary collaboration for effective management of the Danube Delta, emphasising the need to protect this unique habitat while promoting sustainable and inclusive development for the benefit of current and future generations.
{"title":"Ecosystem Services Evaluation of the Danube Delta: An Analysis Using Hierarchical Multifactor Regression","authors":"Kamer-Ainur Aivaz, Maria Șerbănescu","doi":"10.2478/sbe-2024-0001","DOIUrl":"https://doi.org/10.2478/sbe-2024-0001","url":null,"abstract":"The present study aims to assess the ecosystem services of the Danube Delta through a complex multi-factor hierarchical regression analysis. Using three different regression models, the research addresses multiple dimensions of human-nature interaction in this area of major ecological and cultural importance. First, the attractiveness of ecosystem services (VF1) was investigated, identifying a positive impact of improved infrastructure and tourism service provision on the local economy and visitor experience. It was also found that this attractiveness needs to be weighed with specific demographic and social needs. Secondly, the current perception and potential for conservation and tourism (VF2) was examined, revealing the link between effective resource management and the region’s tourism value. Thus, positive perceptions of conservation practices were found to be determinant in establishing the value of the Delta as a tourist destination. Finally, the impact of obstacles to Delta development (VF3) was considered, highlighting the importance of an integrated approach to development planning in the region. The recognised obstacles involve environmental, economic and social factors, and indicate the need for balanced management of natural resources. The results of the study highlight the need for multidisciplinary collaboration for effective management of the Danube Delta, emphasising the need to protect this unique habitat while promoting sustainable and inclusive development for the benefit of current and future generations.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"14 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150517","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Green (environmental) marketing, which promotes cleaner, less detrimental products, is considered to be one of the main contributors to sustainable production and consumption. With the latest EU policy initiatives aimed at acceleration of green transition, it deserves even more attention while the concept of environmental goods and services still remains a subject for discussion, and both comparative environmental impact of some of such products and the green demand probably are overestimated. The studies offer an approach to the theoretical concept of environmental goods and services providing the integrated vision through the prism of the ecological economics, national accounting, and marketing with the initial point of green (environmental) needs. To understand full potential of marketing for environmental sustainability, which is of growing importance, the studies address the sole purpose environmental products also as those which are beyond the green marketing efforts, but playing the equally important role. Production of environmental goods and services by the EU economy is analysed with special attention to groups of products by their primary purpose, and conclusions are drawn regarding the sustainability potential of different fields of marketing.
{"title":"Environmental Goods and Services: Developments of the Concept, the Economic Sector, and the Markets","authors":"Olena Vrublevska","doi":"10.2478/sbe-2024-0015","DOIUrl":"https://doi.org/10.2478/sbe-2024-0015","url":null,"abstract":"Green (environmental) marketing, which promotes cleaner, less detrimental products, is considered to be one of the main contributors to sustainable production and consumption. With the latest EU policy initiatives aimed at acceleration of green transition, it deserves even more attention while the concept of environmental goods and services still remains a subject for discussion, and both comparative environmental impact of some of such products and the green demand probably are overestimated. The studies offer an approach to the theoretical concept of environmental goods and services providing the integrated vision through the prism of the ecological economics, national accounting, and marketing with the initial point of green (environmental) needs. To understand full potential of marketing for environmental sustainability, which is of growing importance, the studies address the sole purpose environmental products also as those which are beyond the green marketing efforts, but playing the equally important role. Production of environmental goods and services by the EU economy is analysed with special attention to groups of products by their primary purpose, and conclusions are drawn regarding the sustainability potential of different fields of marketing.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"14 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150468","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ramona Orăştean, Silvia Cristina Mărginean, Raluca Sava
Bitcoin and Ethereum are the two largest cryptocurrencies in the world by market capitalization and trading volume and the most popular despite high price fluctuations. This paper analyzes the relationship between Bitcoin and Ethereum metrics and the internet search interest on cryptocurrencies. As the literature shows, Google searches signal investor attention and Google Trends has proven useful for nowcasting economic and financial indicators. We aim to find the impact of Google Trends on Bitcoin and Ethereum prices, trading volumes and market capitalization since 2015 and discuss the potential correlations and patterns that may exist between these metrics and Google search interest. Through correlation and time-series analysis, we provide insights into the dynamics of this relationship and its implications for understanding cryptocurrency market behavior. The interest in cryptocurrencies tracked by Google Trends is a good indicator of measuring the social interest in the cryptocurrency market that drives a price movement. On the other hand, the price fluctuations of Bitcoin and Ethereum generate media and social attention and increase the interest in these cryptocurrencies. We also observe a positive effect of Google Trends values on trading volumes. The findings could help investors to understand the cryptocurrencies dynamics and build their trading strategies and could be of special interest to policymakers.
{"title":"Exploring the Relationship Between Google Trends and Cryptocurrency Metrics","authors":"Ramona Orăştean, Silvia Cristina Mărginean, Raluca Sava","doi":"10.2478/sbe-2024-0020","DOIUrl":"https://doi.org/10.2478/sbe-2024-0020","url":null,"abstract":"Bitcoin and Ethereum are the two largest cryptocurrencies in the world by market capitalization and trading volume and the most popular despite high price fluctuations. This paper analyzes the relationship between Bitcoin and Ethereum metrics and the internet search interest on cryptocurrencies. As the literature shows, Google searches signal investor attention and Google Trends has proven useful for nowcasting economic and financial indicators. We aim to find the impact of Google Trends on Bitcoin and Ethereum prices, trading volumes and market capitalization since 2015 and discuss the potential correlations and patterns that may exist between these metrics and Google search interest. Through correlation and time-series analysis, we provide insights into the dynamics of this relationship and its implications for understanding cryptocurrency market behavior. The interest in cryptocurrencies tracked by Google Trends is a good indicator of measuring the social interest in the cryptocurrency market that drives a price movement. On the other hand, the price fluctuations of Bitcoin and Ethereum generate media and social attention and increase the interest in these cryptocurrencies. We also observe a positive effect of Google Trends values on trading volumes. The findings could help investors to understand the cryptocurrencies dynamics and build their trading strategies and could be of special interest to policymakers.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"74 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150572","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
One of the main benefits of air transport is that it allows people to travel quickly from one place to another. This allows people to reach their destinations faster than other modes of transport for purposes such as tourism, business and education. The aim of this study is to investigate the causality relationships between air travel and tourism demand by each market segment. The causality relationship between the number of domestic passengers, international passengers and total number of passengers and the number of domestic tourists, international tourists and total number of tourists is analyzed on a monthly basis for the period 2017–2021 in Turkey with Granger causality analysis. The findings revealed a two-way causal relationship between the number of domestic travelers and the demand for domestic tourism, as well as a two-way relationship between the demand for total travelers and the demand for total tourism. There is a unidirectional causal connection between the demand for inbound tourists and the quantity of international travelers. The research is expected to add to the body of work on the outcomes. It will also have implications for those who make decisions about infrastructure and policy.
{"title":"Investigating the Air Travel-Tourism Relationship Using Granger Causality Analysis: The Case of Turkish Destinations","authors":"Mehmet Yaşar","doi":"10.2478/sbe-2024-0016","DOIUrl":"https://doi.org/10.2478/sbe-2024-0016","url":null,"abstract":"One of the main benefits of air transport is that it allows people to travel quickly from one place to another. This allows people to reach their destinations faster than other modes of transport for purposes such as tourism, business and education. The aim of this study is to investigate the causality relationships between air travel and tourism demand by each market segment. The causality relationship between the number of domestic passengers, international passengers and total number of passengers and the number of domestic tourists, international tourists and total number of tourists is analyzed on a monthly basis for the period 2017–2021 in Turkey with Granger causality analysis. The findings revealed a two-way causal relationship between the number of domestic travelers and the demand for domestic tourism, as well as a two-way relationship between the demand for total travelers and the demand for total tourism. There is a unidirectional causal connection between the demand for inbound tourists and the quantity of international travelers. The research is expected to add to the body of work on the outcomes. It will also have implications for those who make decisions about infrastructure and policy.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"39 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150469","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Artificial intelligence (AI) sparked the attention of both researchers and the business community worldwide and has become a buzzword. Similarly, (business) sustainability emerged as a prominent and pivotal concept. Given the rapid evolution of the technological advancement in AI and its potential impact(s), this paper aims to identify the ways in which AI crosses paths with business sustainability, to provide an overview of the topic and to uncover research trends using a bibliometric approach. In order to reach the research goal of the paper, we investigated the academic literature published and indexed in Scopus database using computer assisted quantitative techniques on bibliometric data and with the help of VOSviewer we visually emphasized the interconnections between fields and results. Ultimately, the present paper intends to contribute to a deeper understanding of the symbiotic relationship between AI and business sustainability, by providing insights that are purposed to enhance the academic discourse in a rapidly evolving domain.
{"title":"Charting the Course of AI in Business Sustainability: A Bibliometric Analysis","authors":"Nancy Panța, Nelu-Eugen Popescu","doi":"10.2478/sbe-2023-0055","DOIUrl":"https://doi.org/10.2478/sbe-2023-0055","url":null,"abstract":"Artificial intelligence (AI) sparked the attention of both researchers and the business community worldwide and has become a buzzword. Similarly, (business) sustainability emerged as a prominent and pivotal concept. Given the rapid evolution of the technological advancement in AI and its potential impact(s), this paper aims to identify the ways in which AI crosses paths with business sustainability, to provide an overview of the topic and to uncover research trends using a bibliometric approach. In order to reach the research goal of the paper, we investigated the academic literature published and indexed in Scopus database using computer assisted quantitative techniques on bibliometric data and with the help of VOSviewer we visually emphasized the interconnections between fields and results. Ultimately, the present paper intends to contribute to a deeper understanding of the symbiotic relationship between AI and business sustainability, by providing insights that are purposed to enhance the academic discourse in a rapidly evolving domain.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"1 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139462761","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
As there is already a common understanding that economic development can be seen where entrepreneurial activity flourishes, governments became also interested to understand if entrepreneurial ecosystems can be built from scratch like an artificial ecosystem. Many of the local areas (cities, regions or small countries) that received an entrepreneurial label developed to this status mostly through a natural process. Silicon Valley is in this respect the well-known success story. Researchers started to get interest in conceptualizing entrepreneurial ecosystems in the last two decades. They were able to define and identify the key drivers for a successful entrepreneurial ecosystem making analogies with natural ecosystems. This paper aims to synthetize the most important findings in the research in this domain, summarizing the key factors needed to be in place in order for an ecosystem to be considered entrepreneurial with a significant economic, technological and societal impact. The models developed are useful for practitioners and policymakers. Central to such an ecosystem we consider to be higher education and research institutions, as they bring to the ecosystem the elements that are crucial for its success: talented and innovative people, innovations and research outcomes with high potential of commercialization, valuable networks.
{"title":"Entrepreneurial Ecosystems and the Catalytic Role of Universities","authors":"Livia Ilie, Camelia Budac","doi":"10.2478/sbe-2023-0052","DOIUrl":"https://doi.org/10.2478/sbe-2023-0052","url":null,"abstract":"As there is already a common understanding that economic development can be seen where entrepreneurial activity flourishes, governments became also interested to understand if entrepreneurial ecosystems can be built from scratch like an artificial ecosystem. Many of the local areas (cities, regions or small countries) that received an entrepreneurial label developed to this status mostly through a natural process. Silicon Valley is in this respect the well-known success story. Researchers started to get interest in conceptualizing entrepreneurial ecosystems in the last two decades. They were able to define and identify the key drivers for a successful entrepreneurial ecosystem making analogies with natural ecosystems. This paper aims to synthetize the most important findings in the research in this domain, summarizing the key factors needed to be in place in order for an ecosystem to be considered entrepreneurial with a significant economic, technological and societal impact. The models developed are useful for practitioners and policymakers. Central to such an ecosystem we consider to be higher education and research institutions, as they bring to the ecosystem the elements that are crucial for its success: talented and innovative people, innovations and research outcomes with high potential of commercialization, valuable networks.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"125 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139462468","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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