Paper on Romanian Entrepreneurship Completes Hat Trick in Buenos Aires

Paper on Romanian Entrepreneurship Completes Hat Trick in Buenos Aires

Actually it was a hat trick for this contributing author but much more for the Center For Global Business Research.  Besides these papers on the Romanian, Lebanese, and Moroccan entrepreneurial ecosystems (EE), the Center has even more great research papers to present at the International Council For Small Business (ICSB) 2017 conference in Buenos Aires.  For this Romanian paper, the Center team of Marine, Daily, Sussan (Senior Research Chair) and Hall studied how different conclusions can be reached depending on the source of the EE data.  As researchers increasingly have been emphasizing, triangulation and multiple dependent measures are essential, especially when it comes to human perception. One source of data for the paper is the Global Entrepreneurship Monitor (GEM), which utilizes surveys that probe the perceptions of entrepreneurs and business experts.  Other sources might paint a different picture, we found. 

Romania has come a long way since the 1989 revolution which transformed it into a democracy and market economy, and is now one of the fastest growing economies in the EU.  Companies in the vanguard include Petrom, Automobile Dacia, Ford, Electrica, Romgaz, and Banca Transylvania.  Yes – that Transylvania. Bran Castle is a major tourist destination – and is associated with the Dracula legend and Vlad the Impaler (and his signature art), although the connection is somewhat historically tenuous.  While Romania has much more to offer than vampirism, it sells, especially to generations brought up on Anne Rice novels.  GEM is bullish on Romania, although it does advise that improvements need to be made in entrepreneurial education, training, and financial support.   (see the GEM executive summary on Romania). 

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