Petrakis, Panagiotis and Kostis, Pantelis (2012): Knowledge and Culture on Entrepreneurship.
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The paper contributes to the interpretation of entrepreneurship based on the effect of knowledge and the cultural background. Entrepreneurship is defined as both the self-employment and the entry density rates, comparing the two models. The present paper uses a series of variables to express these effects, which are analysed with a principal component analysis and a regression analysis. The results confirm that cultural background strongly affects both entrepreneurship rates. Knowledge creation does not affect entrepreneurship rates, as its impact on entrepreneurship is long-lasting (it could reach more or less 10 years) and not a short-term one. Simultaneously, knowledge impact affects negatively the self-employment rates and positively the entry density rates in the economies. Furthermore, performing a sensitivity analysis on knowledge and cultural background, the conclusions confirm that cultural background has a strong interpretive role in both entrepreneurship rates. Moreover, under the new prevailing conditions the creation of knowledge and the impact of knowledge have a negative effect on self-employment, while the effect of knowledge impact is strengthened in the cases where we increase knowledge and it is weakened where we decrease the knowledge variables.
|Item Type:||MPRA Paper|
|Original Title:||Knowledge and Culture on Entrepreneurship|
|Keywords:||Cultural background, Entrepreneurship, Entry density, Knowledge, Self-employment|
|Subjects:||D - Microeconomics > D8 - Information, Knowledge, and Uncertainty
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior
Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology
|Depositing User:||Pantelis Kostis|
|Date Deposited:||10. Oct 2013 14:38|
|Last Modified:||10. Oct 2013 14:51|
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