The geography of new business formation in the Czech Republic: a cross-section analysis (2003-2014)

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Issue: Volume 11, Issue 2, 2017


The intent of this paper is to provide empirical evidence of determinants on new business formation in the Czech Republic’s regions in the period 2003 to 2014. The results suggest that the regions with strong entrepreneurial culture, measured by a high proportion of entrepreneurs in the population, and with a strong presence of foreigners, had higher rates of new business formation. A positive influence of agglomeration economies was observed, and the impact of unemployment was negative. However, the results were not consistent when more advanced legal business forms (especially limited liability and joint-stock companies) had been used in the dependent variable. In this case, human capital was the overriding factor determining regional differences in new business formation rates, while entrepreneurial culture and the presence of foreigners were not significant. Finally, the importance of the industrial structure of regions was confirmed regardless of the dependent variable form. try our online installment loan direct lender Green-Touch.

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Authors Affiliations

Jiří Novosák*a, Jana Novosákováb, Oldřich Hájeka, Joanna Górska-Szymczakc

a Newton College, Czech Republic

b University of St. Cyril and Methodius in Trnava, Slovakia

c Jagiellonian College Toruń, Poland

* Corresponding author. Email:


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Title: Human Geographies - Journal of Studies and Research in Human Geography
ISSN online: 2067-2284
ISSN print: 1843-6587
Imprint: University of Bucharest
Frequency: Biannual (May&November)
First volume: 1/2007
Current volume: 17/2023
Language: English
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Prof. dr. Liliana Dumitrache
University of Bucharest, Faculty of Geography- Human and Economic Geography Department, 1 Nicolae Balcescu Av., 010041, Bucharest, Romania

Dr. Daniela Dumbrăveanu
University of Bucharest, Faculty of Geography- Human and Economic Geography Department, 1 Nicolae Balcescu Av., 010041, Bucharest, Romania

Dr. Mariana Nae
University of Bucharest, Faculty of Geography- Human and Economic Geography Department, 1 Nicolae Balcescu Av., 010041, Bucharest, Romania

Dr. Gabriel Simion
University of Bucharest, Faculty of Geography- Human and Economic Geography Department, 1 Nicolae Balcescu Av., 010041, Bucharest, Romania

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