When culture does (not) matter: role models and self-efficacy as drivers of entrepreneurial behavior

Identificador:  PC:2275

Handle: https://hdl.handle.net/20.500.11797/PC2275

Autors:  Díaz Serrano, Lluís; Andonova, Veneta; Schmutzler, Jana

Resum:
The correlation between facets of national culture and startup activities has received confirmation in empirical research while many mechanisms behind the correlation remain unclear. We study the interplay between the individualism-collectivism orientation of national culture, the incidence of entrepreneurial role models and selfefficacy understood as the perception of possessing relevant skills and knowledge to become a successful entrepreneur. We find that exposure to entrepreneurial role models offsets self-efficacy as a driver of entrepreneurial intentions. The effect is magnified by the individualistic character of the national culture. Key words: entrepreneurial intentions, role models, self-efficacy, individualism, multilevel regressions