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Determinants of Business Insolvencies During Economic Growth and Recession in Latvia
Centre for Entrepreneurship, Innovation and Regional Development at Ventspils University College, , and Researcher at the Stockholm School of Economics in Riga (Latvia).
Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership). IfM Bonn & University of Siegen.
2014 (English)In: Journal of Baltic Studies, ISSN 0162-9778, E-ISSN 1751-7877, Vol. 45, no 3, 375-396 p.Article in journal (Refereed) Published
Abstract [en]

Considering the importance of context in exploring the entrepreneurship phenomenon, this explorative paper addresses patterns of business insolvencies during economic growth as compared to the economic recession within the context of an advanced transition economy. Empirically, the paper draws on 15 face-to-face interviews with insolvency administrators in Latvia conducted in 2007, and a repeated survey of the same respondents conducted in 2009. Our findings suggest that apart from reasons influencing business insolvency in well-established market economies, such as company size and age, education, previous management experience and access to finance, specific environmental factors play an important role in determining companies’ insolvency within a transition setting. These include, but are not limited to, illegal and unethical forms of behavior. Findings also reveal some important aspects of the nature of entrepreneurial behavior as influenced by the changes within the context.

Place, publisher, year, edition, pages
2014. Vol. 45, no 3, 375-396 p.
Keyword [en]
business insolvency, Latvia, economic growth, recession
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:hj:diva-23187DOI: 10.1080/01629778.2013.848372ISI: 000341645800005Scopus ID: 2-s2.0-84887581575Local ID: IHHESOLISOAI: oai:DiVA.org:hj-23187DiVA: diva2:689874
Available from: 2014-01-22 Created: 2014-01-22 Last updated: 2016-11-29Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
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  • Other locale
More languages
Output format
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  • text
  • asciidoc
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