BIRTH AND SURVIVAL OF NEW VENTURES IN THE CZECH REPUBLIC

Despite recent emergence of studies inspired by Panel Study on Entrepreneurial Dynamics, the theory of new business foundation is far from developed. The aim of the paper is to analyze factors influencing birth and survival of early-stage entrepreneurial activity in the Czech Republic. Compared to previous Czech studies, this paper stands out in two directions. Firstly, it is based on a more robust and representative sample than previous studies. We use data on 371early-stage entrepreneurs that come from two longitudinal studies conducted between 2011 and 2014 in the frame of the Global Entrepreneurship Monitor project. Secondly, it puts a special focus on entrepreneurs who are already running their start-ups. We employ logistic regression to analyze differences in the effects of factors influencing these entrepreneurs and the ones who have only reached the nascent phase. The paper provides added value for our understanding of early-stage entrepreneurial dynamics.