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"A lot of institutions characteristic of the police state and Communism have returned," said Ferenc Koszeg, president of the Hungarian Helsinki Committee.
The fourth is institution, in that the creation of works of art takes place under the influence of the social and cultural institutions characteristic of any given location.
The Hellenistic kings founded numerous new cities, bringing in Greek and Macedonian settlers who Hellenized part of the local population; in this way the institutions characteristic of the polis spread through much of the Middle East.
'The theoretical background' section presents the theoretical work on entrepreneurship in general and, specifically, on opportunity entrepreneurship, the cultural traits, transaction characteristics and economic institutions characteristic, and describes the variables used.
The variables that reflect transaction characteristics and economic institutions characteristic did not change during the sensitivity analysis, as no statistically significant structural changes were shown after controls of structural changes with various improvement combinations of the variables that reflect the transaction characteristics and economic institutions characteristics.
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Figure 1 Correlation between opportunity entrepreneurship (OPP) and the transaction characteristics and economic institutions characteristics component (TI).
The first is the variables expressing the cultural traits, and the other is the variables expressing transaction characteristics and economic institutions characteristics.
The goal is to observe the impact of cultural traits, transaction characteristics and economic institutions characteristics on shaping opportunity entrepreneurship under these changing circumstances in societies.
From the variables indicating transaction characteristics and economic institutions characteristics, one PC emerges (TI) that explains 58.86% of the total variance and presents an initial eigenvalue of 3.53.
Because it was not influenced by the sensitivity analysis and because opportunity entrepreneurship continues to respond positively to improvements in the transaction characteristics and economic institutions characteristics, the transaction characteristics and economic institutions characteristics component (TI) remains statistically significant at a level of 1%, as was expected.
Under these circumstances, the promotion of entrepreneurship is no longer dependent on the cultural traits, which presents 'entrepreneurial maturity', but on the transaction and economic institutions characteristics.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com