Culture as a Predictor of Entrepreneurial Activity

15 Pages Posted: 25 Mar 2011

See all articles by Stephen Hunt

Stephen Hunt

London Business School

Jonathan Levie

University of Strathclyde - Strathclyde Business School

Date Written: 2003

Abstract

This research examines the extent to which culture can explain differences in entrepreneurial activity, and determines the importance of various cultural constructs derived from Hofstede and the World Values Survey. These constructs are applied to data from the 2002 Global Entrepreneurship measuring individuals’ entrepreneurial activity from 37 countries. The results indicate that culture explains only a small proportion of the variance in entrepreneurial activity and attitudes. Different entrepreneurial activities are weakly influenced by different, but not mutually exclusive, sets of cultural constructs. Population growth, however, has a significant and strong effect on all major measures of business start-up activity.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Hunt, Stephen and Levie, Jonathan, Culture as a Predictor of Entrepreneurial Activity (2003). Babson College, Babson Kauffman Entrepreneurship Research Conference (BKERC), 2002-2006. Available at SSRN: https://ssrn.com/abstract=1748691

Stephen Hunt (Contact Author)

London Business School

Sussex Place
Regent's Park
London, London NW1 4SA
United Kingdom

Jonathan Levie

University of Strathclyde - Strathclyde Business School ( email )

100 Cathedral Street
Glasgow G1 1XU
United Kingdom

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