International Orientation of early-stage Entrepreneurs in the Balkan region – The age perspective

Abstract

The main objective of our study is to analyse the relation between early-stage entrepreneurs' age and their international orientation in the Balkan region economies, which are facing increasing globalisation and an ageing population. Based on the existing theory, we link the international orientation with some additional influencing determinants, such as the entrepreneurs' innovativeness, their growth aspirations and the financial resources required. Our results underline the importance of institutional frameworks and the moderating effects of age and these influencing determinants, on international orientation. Accordingly, we emphasise the significance of associating explanatory variables with the early-stage entrepreneurs' age. Data from six countries in the Balkan region were obtained from the year 2015 Global Entrepreneurship Monitor Adult Population Survey. The study contributes to a better understanding of the international orientation of senior (in terms of age) early-stage entrepreneurs in the Balkan region. Given the changes that have occurred with increasing globalisation and an ageing population, the concept of this particular group of entrepreneurs is important for national and regional policy makers.