Akcije

Strategic Management
kako citirati ovaj članak
podeli ovaj članak
Direktan link

Metrika

  • citati u SCIndeksu: 0
  • citati u CrossRef-u:0
  • citati u Google Scholaru:[]
  • posete u poslednjih 30 dana:4
  • preuzimanja u poslednjih 30 dana:0

Sadržaj

članak: 1 od 18  
Back povratak na rezultate
Strategic Management
Online First
Influence of insurance on entrepreneurship: Sector-specific evidence
(naslov ne postoji na srpskom)
Njegomir Vladimira ORCID, Stojić Draganb ORCID, Demko Rihter Jelenac ORCID
aUniverzitet Union, Fakultet za pravne i poslovne studije 'dr Lazar Vrkatić', Novi Sad, Srbija
bUniverzitet u Novom Sadu, Ekonomski fakultet, Subotica, Srbija
cUniverzitet u Novom Sadu, Fakultet tehničkih nauka, Institut/odsek Industrijsko inženjerstvo i menadžment, Srbija

e-adresa: jciric@uns.ac.rs
Sažetak
(ne postoji na srpskom)
Background: Numerous authors have researched the impact of insurance on entrepreneurship and focused primarily on different aspects of health and social insurance, and their alternatives to private insurance. This paper investigates the importance of various lines of insurance on entrepreneurial performance. Purpose: The aim of the research is to analyse how insurance affects entrepreneurship in certain sectors of activity. Study design/methodology/approach: A linear regression model was applied on data collected through the questionnaire, which consisted of 12 questions embodying the variables included in the regression analysis. The survey was conducted on a sample of 460 entrepreneurs, which provided a confidence interval of 4.5 at a confidence level of 95%. The questionnaire was submitted to entrepreneurs in person, and it was filled in accountancy agencies that provide them accounting services, thus avoiding initial mistrust of entrepreneurs as respondents. Findings/conclusions: The main findings included the positive impact of premium paid on business results. By using variance analysis, the existence of sectoral differences regarding the impact of entrepreneurship on insurance was also confirmed. It was found that sectoral differences exist not only in the purchase of insurance, but also in the level of realized income, whereby the highest revenues were realized in the activities of information and communication and accommodation, and food service, while the smallest revenues were realized in the manufacturing industry. These results are also crucial for directing the government's economic policies to stimulate entrepreneurship and economic growth. Limitations/future research: Future research will be directed toward comparisons of results obtained in a developing country, with the sector specific evidence in developed countries.
Reference
  Naknadno pridodat članak: provera, normiranje i linkovanje referenci u toku.

 

Aggarwal, R., Holly, K., & Wadhwa, V. (2013). Health insurance availability and entrepreneurship. Journal of Developmental Entrepreneurship, 18(4), 1-21. https://doi.org/10.1142/S1084946713500258

 

Ahmad, N., & Hoffman, A. (2007). A Framework for Addressing and Measuring Entrepreneurship. Paris: Entrepreneurship Indicators Steering Group, OECD

 

Aidis, R., Estrin, S., & Mickiewicz, T. (2012). Size matters: entrepreneurial entry and government. Small Business Economics, 39(1), 119-139. https://doi.org/10.1007/s11187-010-9299-y

 

Aladejebi, O. (2018). The effect of entrepreneurship education on entrepreneurial intention among tertiary institutions in Nigeria. Journal of Small Business and Entrepreneurship Development, 5(2), 1-14. https://doi.org/10.15640/jsbed.v6n2a1

 

Alam, S. S., Jani, M. F. M., & Omar, N. A. (2011). An empirical study of success factors of women entrepreneurs in southern region in Malaysia. International Journal of Economics and Finance, 3(2), 166-175. https://doi.org/10.5539/ijef.v3n2p166

 

Amit, R. et al. (2000). Does money matter? Wealth attainment as the motive for initiating growth-oriented technology ventures. Journal of Business Venturing, 16(2), 119-143. https://doi.org/10.1016/S0883-9026(99)00044-0

 

Arenius, P., & Minniti. M. (2005). Perceptual variables and nascent entrepreneurship. Small Business Economics, 24(3), 233-247. https://doi.org/10.1007/s11187-005-1984-x

 

Basel III. (2011). Basel III: A global regulatory framework for more resilient banks and banking systems. Basel Committee on Banking Supervision, Bank for International Settlements

 

Batt, R., & Welbourne, T. M. (2002). Performance and growth in entrepreneurial firms: Revisiting the unionperformance relationship. Washington, D.C.: Centre for Economic and Policy Research. Retrieved May, 16 2022 from: http://digitalcommons.ilr.cornell.edu/articles/940

 

Bengtsson, O., & Hand, J. R. M. (2013). Employee compensation in entrepreneurial companies. Journal of Economics & Management Strategy, 22(2), 312-340. https://doi.org/10.1111/jems.12014

 

Brown, R., Linares-Zegarra, J. M. & Wilson, J. O. S. (2022). Innovation and borrower discouragement in SMEs, Small Business Economics, 59, 1489-1517 https://doi.org/10.1007/s11187-021-00587-1

 

Brüderl, J., & Preisendörfer, P. (2000). Fast-growing businesses: empirical evidence from a German study. International Journal of Sociology, 30(3), 45-70. https://doi.org/10.1080/15579336.2000.11770218

 

Chatterjee, A. & Wehrhahn, B. (2017) Insurance for micro, small and medium-sized enterprises, ADB Briefs, 78 Retrieved May, 16 2022 from: https://www.adb.org/sites/default/files/publication/29810 1/insurance-msmes.pdf

 

Coleman, S. (2007). The role of human and financial capital in the profitability and growth of women-owned small firms. Journal of Small Business Management, 45(3), 303-319. https://doi.org/10.1111/j.1540-627X.2007.00214.x

 

Cramer, J. S., Hartog, J., Jonker, N. & Van Praag, C. M. (2002). Low risk aversion encourages the choice for entrepreneurship: an empirical test of a truism. Journal of Economic Behaviour & Organization, 48(1), 29-36. https://doi.org/10.1016/S0167-2681(01)00222-0

 

Davidsson, P., & Honig, B. (2003). The role of social and human capital among nascent entrepreneurs. Journal of Business Venturing, 18(3), 301-331. https://doi.org/10.1016/S0883-9026(02)00097-6

 

DeCicca, P. (2007). Health insurance availability and entrepreneurship: evidence from New Jersey. Retrieved September, 4 2022 from: http://ssrn.com/abstract=1003309

 

Deloitte, (2022). The future of small business insurance. Retrieved September, 4 2022 from: https://www2.deloitte.com/content/dam/Deloitte/ch/Docu ments/financial-services/deloitte-ch-en-insurance-thefuture-of-small-business-insurance.pdf

 

Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)

 

Dorfman, M. S. (2008). Introduction to Risk Management and Insurance. Upper Saddle River, NJ: Pearson Education, Inc

 

Evans, D. S., & Leighton, L.S. (1989). Some empirical aspects of entrepreneurship. The American Economic Review, 79(3), 519-535. https://doi.org/10.1007/978-94-015-7854-7_6

 

Fairlie, R. W., & Miranda, J. (2017). Taking the leap: The determinants of entrepreneurs hiring their first employee. Journal of Economics & Management Strategy, 26(1), 3-34. https://doi.org/10.1111/jems.12176

 

Foley, P., & Green, H. (1989). Small Business Success. Thousand Oaks, CA: Business & Economics, SAGE Publications

 

Fossen, F.M., Hossain, M., Mukhopadhyay, S. & Toth, P. (2021). The Cost of Health Insurance and Entry into Entrepreneurship. Bonn (Germany): Institute of Labor Economics

 

Freytag, A., & Thurik, R. (2007). Entrepreneurship and its determinants in a crosscountry setting. Journal of Evolutionary Economic, 17(2), 117-131. https://doi.org/10.1007/s00191-006-0044-2

 

Garmaise, M. J. (2008). Production in entrepreneurial firms: the effects of financial constraints on labour and capital. The Review of Financial Studies, 21(2), 543-577. https://doi.org/10.1093/rfs/hhm081

 

Giannetti, M., & Simonov, A. (2004). On the determinants of entrepreneurial activity: social norms, economic environment and individual characteristics. Swedish Economic Policy Review, 11(2), 269-313. https://doi.org/10.2139/ssrn.554511

 

Haltiwanger, J. C., Jarmin, R. S., & Miranda, J. (2013). Who creates jobs? Small vs. large vs. young. The Review of Economics and Statistics, 95(2), 347-361. https://doi.org/10.1162/REST_a_00288

 

Hay, M., Cox, L. W., Reynolds, P. D., & Autio, E. (2002). Global Entrepreneurship Monitor: 2002 Executive Report. Wellesley, MA: Babson College, Kansas City, MO, Ewing Marion Kauffman Foundation and London, UK, London Business School

 

Henley, A. (2005). From entrepreneurial aspiration to business start-up: evidence from British longitudinal data. Entrepreneurship & Regional Development, 19(3), 253-280. https://doi.org/10.1080/08985620701223080

 

Henriquez, C., Verheul, I., Geest, I. & Bischoff, C. (2002). Determinants of entrepreneurship in France. In D. Audretsh, R. Thurik, I. Verheul & S. Wennekers, eds., Entrepreneurship Determinants and Policy in a European -U.S. Comparison, (pp. 83-121). New York, Kluwer Academic Publishers. https://doi.org/10.1007/0-306-47556-1_3

 

Hessels, J., Rietveld, C. A., Thurik, A. R. & van der Zwan, P. (2020). The higher returns to formal education for entrepreneurs versus employees in Australia. Journal of Business Venturing Insights, 13, https://doi.org/10.1016/j.jbvi.2019.e00148

 

Hombert, J., Schoar, A., Sraer, D., & Thesmar, D. (2014). Can unemployment insurance spur entrepreneurial activity? Evidence from France. HEC Paris Research Paper No. FIN-2013-1020. Retrieved May, 4 2020 from: http://ssrn.com/abstract=2329357

 

Hung, Q. & Tuan, T. (2020). Examining the influence of age and gender on entrepreneurship in Vietnam. The Journal of Asian Finance, Economics and Business, 7(10), 193-199. https://doi.org/10.13106/jafeb.2020.vol7.no10.193

 

Johansson, E. (2000). Self-employment and liquidity constraints: evidence from Finland. Scandinavian Journal of Economics, 102(1), 123-134. https://doi.org/10.1111/1467-9442.00187

 

Kauffman Foundation. (2015). The Future of Entrepreneurship: Millennials and Boomers Chart the Course for 2020. Kansas City, Mo: Ewing Marion Kauffman Foundation

 

Kelley, D. et al. (2015). Special Report: Women's Entrepreneurship. London: Global Entrepreneurship Monitor, London Business School

 

Khalife, D. & Chalouhi, A. (2013) Gender and business performance. International Strategic Management Review, 1(1-2), 1-10

 

Kihlstrom R. E., & Laffont, J. J. (1979). A general equilibrium entrepreneurial theory of firm formation based on risk aversion. The Journal of Political Economy, 87(4), 719-748. https://doi.org/10.1086/260790

 

Knight, F. H. (1921). Risk, Uncertainty and Profit. New York: Houghton Mifflin

 

Knut, R., & Skogstrøm, J. F. (2014). Unemployment insurance and entrepreneurship. Labour, 28(4), 430-448. https://doi.org/10.1111/labr.12040

 

Koudstaal, M., Sloof, R., & Van Praag, M. (2015). Risk, uncertainty, and entrepreneurship: evidence from a labin-the-field experiment. Management Science. [Internet], April 19. Retrieved September, 7 2020 from: http://pubsonline.informs.org/doi/pdf/10.1287/mnsc.201 5.2249

 

Kwapisz, A. (2020). Health insurance coverage and sources of advice in entrepreneurship: gender differences. Journal of Business Venturing Insights. https://doi.org/10.1016/j.jbvi.2020.e00177

 

Lazear, E. P. (2005). Entrepreneurship. Journal of Labor Economics, 23(4), 649-680. https://doi.org/10.1086/491605

 

Leopold, N., Groot, W., Tomini, S. M. & Tomini, F. (2020). Health insurance and self-employment transitions in Vietnam. Journal of Small Business Management, 59(6), 1279-1300. https://doi.org/10.1080/00472778.2020.1786335

 

Levesque, M., & Minniti, M. (2006). The effect of aging on entrepreneurial behaviour. Journal of Business Venturing, 21(2), 177-194. https://doi.org/10.1016/j.jbusvent.2005.04.003

 

Marshall, A. (1961). Principles of Economics. London: Macmillan

 

Masci, P. (2013). Insurance Market Development and Entrepreneurship, with a Focus on Latin America and Brazil. PhD diss., George Mason University

 

Morić Milovanović, B. (2022). Exploring direct and nonlinear effects of entrepreneurial orientation and its dimensions on firm performance in a small, open, transitional economy. Strategic Management, 27(3), 26-38. https://doi.org/10.5937/StraMan2200013M

 

Njegomir, V. (2015). The role of insurance as a support of insurance development. 17th International Scientific Conference "Insurance and Indemnity"

 

Njegomir, V. (2020). Implications of insurance on entrepreneurship development. Horizons, 23(2), 511-521. https://doi.org/10.20544/HORIZONS.A.23.2.18.P3

 

OECD. (2014). Entrepreneurship at a Glance 2014. Paris: OECD Publishing, Paris

 

Perren, L. (2000). Factors in the growth of micro-enterprises (Part 2): exploring the implications. Journal of Small Business and Enterprise Development, 7(1), 58 -68. https://doi.org/10.1108/EUM0000000006805

 

Rejda, G. E. (2005). Principles of Risk Management and Insurance. New York: Pearson Education, Inc

 

Robinson, S., & Stubberud, H. A. (2014). Older and wiser? An analysis of advice networks by age. Academy of Entrepreneurship Journal, 20(2), 59-121

 

Skipper, H. D., & Kwon, W. J. (2007). Risk Management and Insurance: Perspectives in a Global Economy. Oxford: Blackwell Publishing, Ltd

 

Swindall, D. C. (2010). The determinants of entrepreneurial income in South Carolina. PhD diss., Clemson University

 

Verdon, L. L. (2010). Does Life Insurance Promote Entrepreneurship? College of Wooster. Retrieved April, 7 2020 from: http://discover.wooster.edu/lverdon/files/2012/09/ent_lif eins011012.pdf

 

Verheul, I., Wennekers, S., Audretsch, D. & Thurik, R. (2003). An eclectic theory of entrepreneurship: policies, institutions and culture. In: Audretsch, D., ed., SMEs in the Age of Globalization, Cheltenham, Edward Elgar Publishing, 536-606. https://doi.org/10.1007/0-306-47556-1_2

 

Verheul, I., Van Stel, A., & Thurik, R. (2006). Explaining female and male entrepreneurship across 29 countries. Entrepreneurship and Regional Development, 18, 151-183. https://doi.org/10.1080/08985620500532053

 

Warneryd, K. E., Davidsson, P., & Wahlund, R. (1987). Some characteristics of the Swedish self-employed, in Understanding economic behaviour. Proceedings for the 12th Annual Colloquium of IAREP, Research paper 6328. Ebeltoft, Denmark, Arhus School of Economics

 

Watson, J. (2002). Comparing the performance of maleand female-controlled businesses: relating outputs to inputs. Entrepreneurship: Theory & Practice, 26(3), 91-100. https://doi.org/10.1177/104225870202600306

 

Webb, I., Grace, M. F., & Skipper, H. D. (2002). The Effect of Banking and Insurance on the Growth of Capital and Output. Working Paper 02-1. Austin, TX: Center for Risk Management and Insurance

 

Wennekers, S., Van Stel, A., Carree, M., & Thurik, R. (2010). The relationship between entrepreneurship and economic development: Is it U-shaped? Foundations and Trends in Entrepreneurship, 6(3), 167-237

 

Wolfe, M. & Patel, C. (2019). To your health: health insurance, self-employment exit, and older entrepreneurs. Journal of Small Business Management, 57(2), 593-615. https://doi.org/10.1111/jsbm.12412

 

Zhao, H., O'Connor, G., Wu, J. & Lumpkin, G. T. (2021). Age and entrepreneurial career success: a review and a meta-analysis. Journal of Business Venturing, 36(1). https://doi.org/10.1016/j.jbusvent.2020.106007
   

O članku

jezik rada: engleski
vrsta rada: neklasifikovan
DOI: 10.5937/StraMan2300049N
primljen: 01.10.2022.
revidiran: 04.01.2023.
revidiran: 30.01.2023.
prihvaćen: 05.02.2023.
objavljen onlajn: 24.06.2023.
objavljen u SCIndeksu: 27.05.2023.

Povezani članci

Nema povezanih članaka