The following study analyses the major reasons underlying the different levels in early-stage entrepreneurship between Italy and Denmark studied through an institutional and cultural framework. The institutions and the national cultures investigated, namely Structure and Policies, Innovation and R&D, Intellectual Property Rights, Financial Environment and Legal Infrastructure, create different conditions for entrepreneurship. They shape opportunities for the exploitation of business creation. In fact, the level of policy commitment, R&D expenditures, the protection of intellectual properties, the availability of financial resources and financial intermediaries and the burden arising from taxes and regulations and cultural characteristics and perceptions, all influence the availability and willingness of individuals of setting up a business. Further, institutions are related to the economic development and wealth of a country, which in turn influence people‟s motives and possibilities of starting a business. The paper first explains what entrepreneurship and early-stage entrepreneurship refers to and their connection to innovation; and it illustrates the levels of start-up activity for Italy and Denmark in a general overview of the relation between rates and countries‟ economic development. The analysis follows by studying each of the institutions under consideration for both Italy and Denmark, providing reflections on their status and performance through the use of various indexes and how these provide favorable conditions for entrepreneurship. The same is done through the study of some cultural characteristics and individual perceptions in Italy and Denmark. The institutions and cultural aspects are all correlated to each other, so that assessing their effects separately for the availability of entrepreneurial opportunities proves to be a difficult task. However, the concluding part, highlights the main weaknesses and strengths of both Italy and Denmark, considered as the main influencing factors affecting early-stage entrepreneurship activity; also by providing a general assessment of the countries‟ performance. Lastly, some recommendation for future improvements in the country‟s framework is provided, as enhanced performance of each single institution may lead to overall higher opportunities for starting up a business and thus, higher entrepreneurship activity.
|Educations||MSc in International Business, (Graduate Programme) Final Thesis|
|Number of pages||81|