An ADAM-based approach to unveiling entrepreneurial ecosystems in selected European countries

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dc.citation.epage1291
dc.citation.issue4
dc.citation.rankM22
dc.citation.spage1262
dc.citation.volume63
dc.contributor.authorPopović, Gabrijela
dc.contributor.authorFedajev, Aleksandra
dc.contributor.authorMitić, Petar
dc.contributor.authorMeidutė-Kavaliauskienė, Ieva
dc.date.accessioned2025-05-09T11:15:27Z
dc.date.available2025-05-09T11:15:27Z
dc.date.issued2025
dc.description.abstractPurpose This study aims to integrate the resource-based view (RBV) with other theories that consider external factors necessary to respond successfully to dynamic and uncertain entrepreneurial business conditions. Design/methodology/approach The paper introduces an multi-criteria decision-making (MCDM) approach, utilizing the axial-distance-based aggregated measurement (ADAM) method with weights determined by the preference selection index (PSI) method, to rank eight European countries based on the Global Entrepreneurship Monitor (GEM) data. Additionally, the paper extends the existing entrepreneurial ecosystem taxonomy (EET), offering an additional classification. Findings The performed analysis emphasizes the importance and necessity of involving different dimensions of EE in assessing the countries' entrepreneurship performance, which facilitates creating adequate policy measures. Research limitations/implications The crucial limitations are assessments based only on the GEM data from a particular period, possibly leading to a certain bias. Future research should involve data from various resources to increase the results' reliability. Originality/value The ranking results and country classification obtained using the ADAM-based approach and two distinct taxonomies served as the basis for formulating tailored policy recommendations, aiming to formulate tailored policy implications for increasing the number of new entrepreneurs and improving innovativeness, sustainability and internationalization of existing entrepreneurs for each group of countries.
dc.identifier.doi10.1108/MD-12-2023-2420
dc.identifier.issn0025-1747
dc.identifier.issn1758-6070
dc.identifier.urihttps://repozitorijum.tfbor.bg.ac.rs/handle/123456789/5968
dc.language.isoen
dc.publisherEmerald
dc.rights.licenseARR
dc.rights.uriAll rights reserved
dc.sourceManagement Decision
dc.subjectADAM method
dc.subjectPSI method
dc.subjectEuropean countries
dc.subjectEntrepreneurship environment taxonomy
dc.subjectGlobal entrepreneurship monitor
dc.titleAn ADAM-based approach to unveiling entrepreneurial ecosystems in selected European countries
dc.typearticle
dc.type.versionpublishedVersion

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