Senior entrepreneurship – key facts at regional level in Romania

• Main Author: Blid Laura
• Format: Article
• Language: English
• Published: Sciendo 2018-05-01
• Series: Proceedings of the International Conference on Business Excellence
• Subjects: senior entrepreneurship; older entrepreneur; grey entrepreneur; active ageing; romania
• Online Access: https://doi.org/10.2478/picbe-2018-0014

Senior population is still a valuable resource for the labour market and for entrepreneurship. While ageing population is a global phenomenon and solution are needed to milder the economic impact, there are also to consider the positive outcomes related to the optimal use of potential in the senior population and the benefits of an active life upon the elderly. This paper focuses on the entrepreneurial activity of senior population at regional level in Romania (Bucharest-Ilfov and South-Muntenia), considering a panel of 200 limited liability companies established in the last 5 years, by a single shareholder aged 60+ years. The empirical descriptive study is mainly based on the information about these companies searched for on the Ministry of Finance website. The paper aims to answer questions related to entrepreneurial activity of grey population like e.g. fields of activity raising interest of senior entrepreneurs at regional level in Romania and size of companies in terms of employees’ number and yearly turnover. The paper presents few considerations in view of assessing some dimensions of this phenomenon of senior entrepreneurship at regional level in Romania, based on the data obtained for the last 5 years. The results of this analysis will be enhanced by a further study on the same panel addressing mainly motivational drivers to start-up a business.