Panagiotis E. Petrakis|Pantelis C. Kostis
Medium term effects of culture, transactions and institutions on opportunity entrepreneurship
National and Kapodistrian University of Athens|National and Kapodistrian University of Athens
cultural evolution longterm endogenous process revealed societys cultural traits embodied institutional characteristics property rights protection rule law etc transaction characteristics risk levels time required startups corruption levels literacy levels etc short mediumterm culture institutions transactions exogenous economic societal system paper aims explore roles cultural transaction institution characteristics determination opportunity entrepreneurship mediumterm series variables used express roles analysed principal component analysis regression analysis expected conclusions confirm cultural traits positively negatively affect opportunity entrepreneurship depending particular traits combination moreover effect enhanced transaction characteristics economic institutions conducive opportunity entrepreneurship performing sensitivity analysis construct hypothetical opportunity entrepreneurshiporiented world postulating proentrepreneurship cultural traits new world cultural traits longer issue present entrepreneurial maturity important factors promoting opportunity entrepreneurship transaction economic institution characteristics d23 l14 l26 m13 p14