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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

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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  • Dirk Clercq & Dominic Lim & Chang Oh, 2014. "Hierarchy and conservatism in the contributions of resources to entrepreneurial activity," Small Business Economics, Springer, vol. 42(3), pages 507-522, March.
    • Handle: RePEc:kap:sbusec:v:42:y:2014:i:3:p:507-522
    DOI: 10.1007/s11187-013-9515-7
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    9. Laffranchini, Giacomo & Kim, Si Hyun & Posthuma, Richard A., 2018. "A metacultural approach to predicting self-employment across the globe," International Business Review, Elsevier, vol. 27(2), pages 481-500.
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    More about this item

    Keywords

    Comparative international entrepreneurship; Institutions; Resources; Culture; L26; M13; O43;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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