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The impact of entrepreneurs' cultural capital on early performance of new ventures: a comparison between Austria and Slovenia

Author

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  • Erich J. Schwarz
  • Malgorzata A. Wdowiak
  • Robert J. Breitenecker
  • Ana Kuntaric

Abstract

In the paper, we explore the impact of entrepreneurs' cultural capital on early performance of new ventures. Specifically, we investigate the direct and indirect effects of cultural values, entrepreneurial skills, industry experience, and education on entrepreneurial outcomes. We examine whether the same factors affect new venture performance in mature and transition economies in the same way. The structural model was tested in Austria (n = 170) and in Slovenia (n = 352) using variance based method. We found, for example, that entrepreneurial skills are strongly predicted by the individualistic values of the founder irrespective of the country context. Significant country differences are particularly related with the relationship between an enterprise's performance and the founder's satisfaction of being self-employed.

Suggested Citation

  • Erich J. Schwarz & Malgorzata A. Wdowiak & Robert J. Breitenecker & Ana Kuntaric, 2009. "The impact of entrepreneurs' cultural capital on early performance of new ventures: a comparison between Austria and Slovenia," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 3(1), pages 22-46.
    • Handle: RePEc:ids:ijbglo:v:3:y:2009:i:1:p:22-46
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    Cited by:

    1. Dou, Xinhua & Zhu, Xiajing & Zhang, Jason Q. & Wang, Jie, 2019. "Outcomes of entrepreneurship education in China: A customer experience management perspective," Journal of Business Research, Elsevier, vol. 103(C), pages 338-347.

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