..., have an impact on flexibility, delivery and production cost. On the other hand, formal institutional factors, such as capital access and education, have a positive effect on product quality and production cost. In addition, the moderating effect of armed conflict on the relationship between...

... and regression analysis are used to define the causal relationships. Using data from cultural dimensions of Hofstede, Inglehart and Tabellini, proxies for formal institutions and economic development this research empirically examines the way of influence of these factors on entrepreneurship performance...