Entrepreneurship during times of crisis: Examining Entrepreneurial Framework Conditions and cultural characteristics during the COVID-19 pandemic

• Autor(a) principal: Figueiredo, Bruno Emanuel Barbosa
• Data de Publicação: 2022
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10400.8/8004
• topic: Entrepreneurship; Times of crisis; COVID-19 pandemic; Entrepreneurial Framework Conditions; Hofstede’s dimensions; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

The Global Entrepreneurship Monitor (GEM) model suggests that entrepreneurial activity at the national level varies with Entrepreneurial Framework Conditions (EFCs). Hofstede's perspective, on the other hand, illustrates the effects of a society's culture on the values and behavior of its members. Combining these two perspectives, I empirically test the influence of GEMs entrepreneurial framework conditions and two Hofstede Dimensions on the creation of new companies within the context of the COVID-19 pandemic. Building on data drawn from Global Entrepreneurship Monitor and Hofstede Insights for 28 countries, results suggest that some factors, such as access to entrepreneurial finance, post-schooling entrepreneurial education and social and cultural norms are more relevant than others promoting the creation of new businesses during these difficult times. These findings have implications for theorists and policymakers, which are now more interested than ever in promoting entrepreneurial activity around the world.