Institutions and Entrepreneurial Environment in Visegrad Four Countries and Finland

Frantisek Okruhlica () and Marian Holienka ()
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Frantisek Okruhlica: Paneuropean University
Marian Holienka: Comenius University

A chapter in Efficiency in Business and Economics, 2018, pp 159-174 from Springer

Abstract: Abstract The main aim of the paper is to point out the differences in entrepreneurial environment institutional frameworks between the Visegrad four countries (the Czech Republic, Slovakia, Poland and Hungary—V4) and Finland. The comparison of institutions affecting entrepreneurship was based on creation and analysis of institutional profiles comprising of four pillars essential to understand the emergence of entrepreneurship—regulative, cognitive, normative and conducive dimensions. Our results suggest that entrepreneurial environment in V4 countries substantially differs from that of Finland. V4 countries lack in development of regulative attributes as well as in conducive dimension crucial for innovative entrepreneurship. Subsequently, different quality of environment is reflected in different quality of business activity, and its allocation between independent entrepreneurship and intrapreneurship.

Keywords: Institutions; Entrepreneurial environment; Institutional framework; Visegrad Group; Finland; Entrepreneurial activity (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-68285-3_13

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DOI: 10.1007/978-3-319-68285-3_13

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