A Comparison of the Entrepreneurial Performance of Asian-Oceanian Countries via the Multi-Criteria Decision-Making Techniques of Critic, Aras, Waspas, Mairca and Borda Count Methods

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The significance of entrepreneurial activities, in the development of a country, has been increasing at an exponential rate, since the former variable has been repeatedly proven to have a vital effect on economic growth.Within this context, countries periodically publish data related to entrepreneurial activities and undertake regulations that incentivize such pursuits, within their jurisdictions.In light of this, the Global Entrepreneurship Monitor, was constructed to measure and evaluate the countries' level of global entrepreneurship and the ability and hence, the success of entrepreneurial firms' in developing and producing outputs of high quality.In this sense, one can state that the capacity of the aspects that constitute the Global Entrepreneurship Monitor to complement each other plays a vital role in countries' improvement of their entrepreneurial performances.Taking all these into consideration, this study takes into account the Global Entrepreneurship Indicators; tries to identify via the Multi Criteria Decision Making Method their relative importance levels for 34 countries sampled from Asia-Oceania; ranks K. Szymczyk et al.A Comparison of the Entrepreneurial Performance of Asian-Oceanian Countries via the Multi-Criteria Decision-Making Techniques of Critic, Aras, Waspas, Mairca and Borda Count Methods -66 -those countries' entrepreneurial performances vis-à-vis the aforementioned importance levels through Aras, Waspas and Mairca methods and integrate the scores calculated by these three methods into one embedded ranking via the Borda Count method.The results suggest that while Qatar, United Arab Emirates and Thailand rank as the top three countries, with high levels of global entrepreneurship performance; India, Pakistan, Japan and Malaysia are the last performers.

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