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Entrepreneurship and Financial Crisis A Critical I

5.4. The Sample 
The two issues regarding a sample survey are access to the 
sample and its size (Gray, 2014). Regarding access, the 
researcher made a research on the chambers of Athens, 
Thessaloniki, internet and personal knowledge in order to 
identify the enterprises established after 2009. The 
questionnaire had been sending to 104 enterprises, of which 
52 replied. Regarding the sample size in quantitative 
research, there are multiple opinions. For example, Fox et al. 
(2009) point out that it should consist of more than 40 
subjects, while other researchers (e.g., Dawson, 2009) do not 
mention a specific number of participants. However, in order 
to ensure the further reliability of this survey, the sample 
consists of 49 companies, covering the requirement of Fox et 
al. (2009) for a sample of more than 40 participants. 
6. Results of the Primary Research 
Year of establishment 
Regarding the year of establishment, in 2009, the first year 
of the financial crisis in Greece, fourteen (14) companies 
have been established. In 2010, the year where Greece had 
adopted the program of the Troika, 12 companies were 
established. After 2010, there was a decline of new 
companies. In 2011, eight (8), in 2012 Six (6), in 2013 four 
(4) companies and in 2014, five (5) companies were 
established. Totally 49 companies from 2009-2014. 
Regarding the business sector, the vast majority, 42 out of 49 
companies are in the service sector (85.7%), 6 companies are 
in the manufacturing sector (12.2%) and one company is in 
the energy sector, producing electric power through 
photovoltaic panels. Regarding the companies’ legal form, 19 
companies are private property companies (38.8%), 15 
companies are Limited Liability Companies (30.6%), while 
six companies are limited partnership and six companies 
general partnership. There are only 3 SAs. While there are no 
private capital companies, nor cooperatives. Regarding 
previous experience, the majority of entrepreneurs do not 
have neither a previous entrepreneurship experience (79.6%), 
nor a previous sector experience (61.2%). 
None of the entrepreneurs of private companies and 
general partnership companies had an entrepreneurship 
experience, while the 100% of the entrepreneurs of SAs had 

previous 
entrepreneurship 
experience. 
For 
the 
entrepreneurs of LLCs and limited partnerships, half of them 
had a previous entrepreneurship experience. Regarding sector 
experience, all of SAs entrepreneurs and the majority of 
LLCs had previous sector experience, while for sole 
proprietorship and general partnership, the majority do not 
have a previous sector experience (Figure 1, 2) 

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