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Entrepreneurial Morality: Some Indications from Greece

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  • Bitros, George C.
  • Karayiannis, Anastassios D.

Abstract

In countries with relatively small firms, entrepreneurial morality is determined by the influences that shape the values, the personality and the character of entrepreneurs as owners and managers of their enterprises. To shed some light on the processes involved we estimate an ordered probit model using data from 1643 enterprises, which were collected in Greece in the spring of 2006. We find that localized and generalized morality, the family and the educational environment, the level of education, the size of firms, and the moral factors that contribute to success in business, determine entrepreneurial morality in a statistically significant way. By contrast, even though we experimented with such other influences as the age of enterprises, the gender of entrepreneurs, the location of schools where they grew up, etc., none of them turned out to exert perceptible impacts.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 13837.

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Date of creation: 17 Jun 2008
Date of revision: 15 Dec 2008
Handle: RePEc:pra:mprapa:13837

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Keywords: entrepreneurship; morality; Greece; small-medium enterprises;

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  1. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
  2. George C. Bitros, 2003. "Firm Ownership and Economic Efficiency," Microeconomics 0303002, EconWPA.
  3. Bucar, Branko & Glas, Miroslav & Hisrich, Robert D., 2003. "Ethics and entrepreneurs: An international comparative study," Journal of Business Venturing, Elsevier, vol. 18(2), pages 261-281, March.
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