ASSESSMENT OF REASONS FOR THE TERMINATION ACTIVITY OF ENTREPRENEURS IN MODERN ECONOMIES
Every entrepreneur sooner or later ceases their activities. At the same time, little attention is paid to this stage of the life cycle of entrepreneurs in scientific research. Proper understanding of the reasons for the exit of entrepreneurs from business is necessary for the further development of the business sector. Therefore, the analysis of features of termination of business activity in national economies is relevant at the present stage of research. Purpose of the study is to assess the reasons for the exit of entrepreneurs from their own business. The study used information from the 2018 global entrepreneurship monitor for 48 countries. We have studied and analyzed the reasons for the termination of entrepreneurial activity, proposed a classification of these reasons, assessed the levels of exit from their own business for different groups of reasons in all the countries considered. This estimate was based on the construction of economic-mathematical models. Models are functions of the density of the normal distribution. Based on the results of the computational experiment, the average values of indicators were determined and the countries characterized by high and low levels of termination of their activities by entrepreneurs were identified. It is proved that in most countries the termination of business activity is caused by endogenous reasons associated with problems in the organization and management of production, insufficient financial resources, low qualification of employees and management. Personal reasons also play a significant role in the exit of entrepreneurs. The impact of exogenous causes and the desire to convert the created business into cash is much lower. The obtained research results can be used in further studies, in the educational process of higher education in universities, as well as by public authorities associated with the regulation of entrepreneurial activity.