Entrepreneurial Morality: Some Indications from Greece

George C. Bitros () and Anastassios D. Karayiannis

MPRA Paper from University Library of Munich, Germany

Abstract: In countries with relatively small firms, entrepreneurial morality is determined by the influences that shape the values, the personality and the character of entrepreneurs as owners and managers of their enterprises. To shed some light on the processes involved we estimate an ordered probit model using data from 1643 enterprises, which were collected in Greece in the spring of 2006. We find that localized and generalized morality, the family and the educational environment, the level of education, the size of firms, and the moral factors that contribute to success in business, determine entrepreneurial morality in a statistically significant way. By contrast, even though we experimented with such other influences as the age of enterprises, the gender of entrepreneurs, the location of schools where they grew up, etc., none of them turned out to exert perceptible impacts.

Keywords: entrepreneurship; morality; Greece; small-medium enterprises (search for similar items in EconPapers)
JEL-codes: D29 L26 M13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent
Date: 2008-06-17, Revised 2008-12-15
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