Cross-Cultural Examination of Familial Entrepreneurship
Cross-Cultural Examination of Familial Entrepreneurship
This article investigates if the family tradition type of entrepreneurship have different individual characteristics, if they are more present in developing economies and third, to study whether family-based entrepreneurs are more related to entrepreneurship out of necessity. The methodology used in the empirical part is to draw data from the Adult Population Surveys, collected by the Global Entrepreneurship Monitor on individuals from 43 countries in 2020. Two sets of independent samples were constituted, one with individuals that are entrepreneurs to continue a family tradition which are compared with others using the appropriate hypothesis testing. The conclusion is that family tradition type of entrepreneurship are different in terms of income, education, business skills and risk aversion, but not different in terms of age, gender and social network compared to others. Also, they are more present in developing countries and their motive is more related to necessity or earn a living compared to others. The contribution of this article is to give insights and recommendations for policymakers and educators to foster a supportive environment for entrepreneurship.
entrepreneurship, family, diversity, culture.
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