It is not a surprise that informal investment is a widespread phenomenon in the developed countries with long experience in market economy practices. But what about is informal investment in countries that started economic transition just a decade ago? Present study investigates the influential...

<title>Abstract</title> This study explores individual and country level environmental drivers of informal ‘seed’ investment. We examine four types of informal investors based on business ownership experience (or no such experience) and close family relationship with investee (or no such relationship):...

The structure of higher education is constantly changing world-wide - including Hungary. The traditional view of Higher Education as a ‘public good' financed by the state, is weakening since it is becoming increasingly obvious that governments cannot afford to finance the growing demand for...

This paper investigates the factors driving informal investment in Croatia, Hungary and Slovenia. Using Global Entrepreneurship Monitor (GEM) data, we find that the low rates of informal investment activity and the small amounts of investments in these countries are driven by entrepreneurial...