Culture and entrepreneurship: the case of Guatemala
by Andrés Marroquín; Marco Villatoro
International Journal of Entrepreneurship and Small Business (IJESB), Vol. 41, No. 4, 2020

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.

Online publication date: Wed, 02-Dec-2020

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