Do Stringent Bankruptcy Laws Always Deter Entrepreneurial Activities? A Study of Cultural Influences
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, uncertai...
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| Veröffentlicht in: | Entrepreneurship theory and practice 2021-03, Vol.45 (2), p.418-439 |
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| container_title | Entrepreneurship theory and practice |
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| creator | Damaraju, Naga Lakshmi Barney, Jay B. Dess, Gregory G. |
| 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. |
| doi_str_mv | 10.1177/1042258720913017 |
| format | Article |
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| ispartof | Entrepreneurship theory and practice, 2021-03, Vol.45 (2), p.418-439 |
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| language | eng |
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| source | SAGE Complete |
| subjects | Bankruptcy Bankruptcy law Bankruptcy laws Cultural factors Entrepreneurs Entrepreneurship Femininity Individualism Influence Masculinity Social aspects Uncertainty |
| title | Do Stringent Bankruptcy Laws Always Deter Entrepreneurial Activities? A Study of Cultural Influences |
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