Culture and entrepreneurship: the case of Guatemala

Andrés Marroquín and Marco Villatoro

International Journal of Entrepreneurship and Small Business, 2020, vol. 41, issue 4, 503-523

Abstract: In this paper, we explain some of the main traits associated with becoming an entrepreneur and examine others traits that, to our knowledge, have received little attention. Common traits are related to: network effects, perceived skills, ability to spot opportunities, and self-confidence. We add cultural traits: ethnicity, beliefs about inequality and entrepreneurial status in society, and religion. We conduct our analysis in the context of the Central American country of Guatemala, which is ethnically diverse. We use Global Entrepreneurship Monitor (GEM) survey-data to verify our claims. Within some limitations, we find that among cultural traits, ethnicity remains significant after using several checks.

Keywords: entrepreneurship; Guatemala; GEM data; beliefs and the economy; culture and economics; economic inequality; entrepreneurial status; religion and entrepreneurship; culture and entrepreneurship; ethnicity and entrepreneurship. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijesbu:v:41:y:2020:i:4:p:503-523

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