Economic analysis of institutional factors influencing the entrepreneurial level of young adults in Poland. Evidence from conjoint experiment
Journal of Entrepreneurship and Public Policy
ISSN: 2045-2101
Article publication date: 9 January 2024
Issue publication date: 9 February 2024
Abstract
Purpose
This article aims at contributing to the literature using conjoint experiment methods for political economic problems. The author measures the stated willingness of young adults to start an enterprise in hypothetical realities described by different levels of six institutional factors pertaining to the business environment.
Design/methodology/approach
The author conducts the “forced-choice” conjoint experiment on a sample of 200 young Polish students. This analysis allows for the verification of the expectations concerning the differences in the respondents' stated preferences relating to the potential obstacles to their entrepreneurial inclinations. The author estimates the average marginal component effects (AMCEs) and the marginal means (MMs).
Findings
Evidence is provided that the institutional factors are not similarly significant to the stated entrepreneurial preferences of Polish young adults. Legal certainty and economic freedom are the attributes of the most notable effect on respondents' feelings about perceived entrepreneurial barriers; however, the results vary across the subgroups.
Practical implications
The study results provide a tentative perspective on the Polish young adults' feelings about institutions as a potential obstacle to their entrepreneurial inclinations. The employment of conjoint methodology lays the groundwork for scholars studying the entrepreneurial environment, legal institutions and current public mood of different social groups.
Originality/value
This study is a unique attempt to answer political economic questions concerning entrepreneurial institutions in Poland through the implementation of a comprehensive market research method. In addition, the author indicates a specific set of six institutional factors as well as define a distinct group of young adults.
Keywords
Acknowledgements
The article was prepared within the framework of a non-competitive project of the Ministry of Education “School of Eagles” based on the agreement between the Ministry of Education and the University of Warsaw, contract no. MNISW/2020/142/DIR/KH, signed on 26 May 2020. Project co-financed from the European Social Fund under the Operational Programme Knowledge Education Development 2014–2020.
The author would like to express her deepest gratitude to her supervisor Katarzyna Metelska-Szaniawska (Assistant Professor, Faculty of Economic Sciences, University of Warsaw) for invaluable guidance, continuous support and sharing professional knowledge.
The author is also thankful to Natalia Starzykowska (PhD Candidate, Faculty of Economic Sciences, University of Warsaw) for great help with designing and preparing the experimental study.
Lastly, the author thanks her friends Marta Kłopotowska (Faculty of Law, University of Cambridge and University of Warsaw) and Maciej Zdunek (Medical University of Lodz) for proofreading this research.
Citation
Borządek, J.M. (2024), "Economic analysis of institutional factors influencing the entrepreneurial level of young adults in Poland. Evidence from conjoint experiment", Journal of Entrepreneurship and Public Policy, Vol. 13 No. 1, pp. 134-155. https://doi.org/10.1108/JEPP-06-2023-0056
Publisher
:Emerald Publishing Limited
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