Gender Differences in Early-stage Entrepreneurship: The Case of Romanian Entrepreneurs

The present study explores gender inequalities in the entrepreneurial landscape in Romania, based on Global Entrepreneurship Monitor (GEM) data, highlighting similarities and differences between women and men entrepreneurs. Even if the GEM reports include data on entrepreneurship since 1999, Romania has been among the participating countries only since 2007 for the Adult Population Survey (GEM, APS). Thus, to include Romania in the analysis, the data from this study were selected for nine years, namely from 2007 to 2015. Our results indicate that among Romanian men and women, similar drivers influence the odds of engagement in entrepreneurial activities relative to not being involved in businesses. For both men and women, having confidence in their knowledge and skills had the highest odds ratio values. Also, identifying opportunities proved to be positive and significant for both genders, while fear of failure had the opposite effect. Knowing other entrepreneurs can lead to great benefits generated through social exchange. Findings reveal that the external knowledge that an entrepreneur’s environment gives rise to can prove to be supportive in the discovery of opportunities and their exploitation.