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The relevance of transition to free market, attitude towards money, locus of control, and attitude towards risk to entrepreneurs: a cross-cultural empirical comparison.(MANUSCRIPTS)

ABSTRACT

This paper compares an emerging market (Egypt) with a developed market (U.S.A.) in terms of their impact on entrepreneurial characteristics and behavior. The differences are discussed along the dimensions of transition to free market, money and its cultural meanings, locus of control, and attitude towards risk. A number of hypotheses are tested using a sample of MBA students from Egypt (n = 214) and the USA (n = 112). The result with its implication is discussed.

INTRODUCTION

This paper compares a less development country (LDC) on a transition stage to free market (Egypt) with a development country (DC) (U.S.A.) in terms of their impact on ...

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