Entrepreneurship failure: is culture to blame?

Sarfati, Gilberto
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Although entrepreneurship and culture are topics with extensive research on Management Studies, there is still relatively few research on the influence of Culture has on Entrepreneurship. The main objective of this work is to investigate the influence of culture on entrepreneurship rate of failure. Using a correlational approach, 40 countries out of Hofstede (2001) IBM employees database and the Entrepreneurship Data present on the Global Entrepreneurship Monitor (GEM) database. The analysis results suggest that the dimension Individualism vs. Collectivism as the only significant cultural dimension when discussing affecting entrepreneurship rate of failure.

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