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Entrepreneurial Morality: Some Indications from Greece

Author

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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.

Suggested Citation

  • Bitros, George C. & Karayiannis, Anastassios D., 2008. "Entrepreneurial Morality: Some Indications from Greece," MPRA Paper 13837, University Library of Munich, Germany, revised 15 Dec 2008.
    • Handle: RePEc:pra:mprapa:13837
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    File URL: https://mpra.ub.uni-muenchen.de/13837/1/MPRA_paper_13837.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. Alistair R. Anderson & Robert Smith, 2007. "The moral space in entrepreneurship: an exploration of ethical imperatives and the moral legitimacy of being enterprising," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 19(6), pages 479-497.
    3. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 31(3), pages 129-137.
    4. George C. Bitros, 2003. "Firm Ownership and Economic Efficiency," Microeconomics 0303002, University Library of Munich, Germany.
    5. Glenn Hoetker, 2007. "The use of logit and probit models in strategic management research: Critical issues," Strategic Management Journal, Wiley Blackwell, vol. 28(4), pages 331-343, April.
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    Cited by:

    1. Throstur Sigurjonsson & Vlad Vaiman & Audur Arnardottir, 2014. "The Role of Business Schools in Ethics Education in Iceland: The Managers’ Perspective," Journal of Business Ethics, Springer, vol. 122(1), pages 25-38, June.
    2. Irene Daskalopoulou, 2016. "Social capital at the outburst of the economic crisis in Greece, 2008-2010," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 9(2), pages 79-86, June.
    3. Irene Daskalopoulou, 2019. "Individual-Level Evidence on the Causal Relationship Between Social Trust and Institutional Trust," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 144(1), pages 275-298, July.
    4. Ivano Dileo & Thaís García Pereiro, 2019. "Assessing the impact of individual and context factors on the entrepreneurial process. A cross-country multilevel approach," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1393-1441, December.

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    More about this item

    Keywords

    entrepreneurship; morality; Greece; small-medium enterprises;
    All these keywords.

    JEL classification:

    • D29 - Microeconomics - - Production and Organizations - - - Other
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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