Footnote:
In: Entrepreneurship Theory and Practice, Forthcoming
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 15, 2020 erstellt
Description:
Stringent bankruptcy laws are generally understood to increase the costs of failure and thus not conducive for entrepreneurship. In this paper, theory is developed and tested exploring the moderating influences of the dimensions of culture — individualism — collectivism, masculinity– femininity, uncertainty avoidance, and power distance. Results of this study, from conditional fixed effects Poisson regressions, support that stringent bankruptcy laws are positively associated with the levels of entrepreneurial activity in certain cultural contexts