Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/317720 
Year of Publication: 
2024
Citation: 
[Journal:] Small Business Economics [ISSN:] 1573-0913 [Volume:] 62 [Issue:] 4 [Publisher:] Springer US [Place:] New York, NY [Year:] 2024 [Pages:] 1285-1313
Publisher: 
Springer US, New York, NY
Abstract: 
We provide one of the first investigations of the cultural and value dimensions through which Protestantism affects entrepreneurship by focusing on the historically predetermined religious minorities residing in the regions of the former Holy Roman Empire. By exploiting the minorities’ strong attachment to religious ethic, we find that Protestantism significantly affects the probability to be an entrepreneur and that the effect is relatively larger when we consider larger enterprises. A formal mediation analysis suggests that among the rich set of individual characteristics and values typically associated with entrepreneurship available in our data, the dimensions that mediate the effect of Protestantism are education and a taste for individualism. In particular, such mediating factors explain around 26% of the total effect of Protestantism on entrepreneurship.
Subjects: 
Entrepreneurship
Religion
Protestantism
Catholicism
Culture
Value
Mediation
JEL: 
L26
Z12
Z13
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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