Acta Universitatis Danubius. Œconomica, Vol 15, No 1 (2019)

Abstract

Various studies suggest that research on entrepreneurship places a greater emphasis on the role of culture, as it affects all aspects of human being. Cultural values are perceived as a shared interpretation of bahaviour as well as actual differences in behaviours, while entrepreneurial self-efficacy (ESE) is best seen as a multidimensional construct made of individuals’ beliefs about their abilities and capabilities for tackling the challenges and nurture entrepreneurial intentions towards starting a new business.