Entrepreneurship – culture incentives
European commission has identified entrepreneurship as crucial for achieving the objectives of several European sectorial policies and as one of the main tools for overcoming the negative effects of the financial crisis of 2008. Despite the multitude of policies and tools to support entrepreneurship, there are still significant differences between member states regarding their entrepreneurial activity. Тhe present study offers an alternative approach for explaining those difference that takes into account the cultural context represented by cultural values. An empirical research is carried out using several indicators measuring entrepreneurial activity and comparing them with Geert Hofstede cultural dimensions indexes of EU member states via correlation analysis.
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