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Hierarchy and conservatism in the contributions of resources to entrepreneurial activity

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  • Dirk Clercq

    ()

  • Dominic Lim

    ()

  • Chang Oh

    ()

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    Abstract

    This study addresses the relationship between the munificence offered by a country’s proximate institutions in terms of a critical financial resource (informal investments) and human resource (entrepreneurship education) and its early-stage entrepreneurial activity. We also examine how this relationship might be moderated by underlying cultural values. Our main thesis is that the positive effects of resource munificence of proximate institutions on early-stage entrepreneurial activity should be attenuated in countries with a more hierarchical and conservative culture. We test our hypotheses using a multi-source dataset that spans 42 countries. Copyright Springer Science+Business Media New York 2014

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    Bibliographic Info

    Article provided by Springer in its journal Small Business Economics.

    Volume (Year): 42 (2014)
    Issue (Month): 3 (March)
    Pages: 507-522

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    Handle: RePEc:kap:sbusec:v:42:y:2014:i:3:p:507-522

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    Web page: http://www.springerlink.com/link.asp?id=100338

    Related research

    Keywords: Comparative international entrepreneurship; Institutions; Resources; Culture; L26; M13; O43;

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