Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/290231 
Year of Publication: 
2023
Citation: 
[Journal:] Journal of Innovation and Entrepreneurship [ISSN:] 2192-5372 [Volume:] 12 [Issue:] 1 [Article No.:] 3 [Year:] 2023 [Pages:] 1-21
Publisher: 
Springer, Heidelberg
Abstract: 
It is widely known that both geography and institutions determine the location of an investment. However, little is known about the impact of these factors on entrepreneurs' future business plans. Using a questionnaire survey, this paper examines whether the 'first-' and 'second-nature' geography and institutions affect the plans of entrepreneurs to expand or sell their businesses in Greece. The analysis shows that entrepreneurs intend to expand their businesses when the importance of the country's relative geographical location to the international market increases, but that of localisation economies decreases. There is also evidence that entrepreneurs aim to sell their businesses to domestic investors when sea access, the natural environment, the agglomeration economies, the location of Greece and the local governance are ideal for the business performance in the country.
Subjects: 
Business expansion
Business selling
Geography
Greece
Institutions
JEL: 
D02
M20
P28
R12
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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