Entrepreneurs, expectations and business expansion: lessons from Lithuania

Ruta Aidis, Tomasz Mickiewicz

Research output: Contribution to journalArticlepeer-review


This article applies a multinomial logit estimator to investigate which factors affect SME owners' expectations to grow their businesses in Lithuania. Our findings provide evidence that SME owners' human capital (education) matters and that growth expectations are positively related to exporting. In addition, we analyse the link between the perceptions of business constraints and growth expectations and find that the factors, which are perceived as main business barriers, are not necessarily those which are associated with reduced growth expectations. However, perceptions of corruption seem to affect growth expectations the most.
Original languageEnglish
Pages (from-to)855-880
Number of pages26
JournalEurope-Asia Studies
Issue number6
Publication statusPublished - Sept 2006


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