Received: 2021-01-10  |  Accepted: 2021-03-23  |  Published: 2021-06-30

Title

Survival and growth of Hungarian start-ups


Abstract

Most start-ups die and most survivors fail to grow dynamically. The aim of the paper is to summarize the factors found in the international literature, supported by empirical research, that influence the survival and growth of start-ups, and evaluates the results of expert interviews conducted with renowned players in the Hungarian start-up ecosystem. During the research process fourteen expert interviews were conducted and analysed with combined logic, integrating deductive and inductive approaches. Based on the results, there is little overlap among factors identified in the international literature and those highlighted by Hungarian experts as influencing the survival and growth of start-ups. However, international and Hungarian results unanimously emphasize that entrepreneurial education, internationalization, acquisitions and heterogeneity of the start-up team’s knowledge and skills play a significant role in the success of start-up businesses. Despite the limitations of the research, results may prove to be beneficial to both start-up ecosystem players and policymakers.


JEL classifications

M13


URI

http://jssidoi.org/jesi/article/821


DOI


Pages

262-279


Funding

start-up, survival, growth, expert interview, Hungary

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Radácsi, László
Budapest Business School, Budapest, Hungary https://uni-bge.hu
Articles by this author in: CrossRef |  Google Scholar

Filep, Judit Csákné
Budapest Business School, Budapest, Hungary https://uni-bge.hu
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

8


Number

4


Issue date

June 2021


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 219  |  PDF downloads: 142

References