Impact of cultural and institutional differences on ethnic entrepreneurs finance network and its evolution: comparative study

Abstract

The purpose of this paper is to determine the formation of finance network of ethnic entrepreneurs and behaviour of this network on entrepreneurship. The study uses a purposive sampling method. The sample population was identified via developing contacts through the business community, advertisements in the local newspapers and respondents’ referral, the socalled snowball sampling method. The current study found that relational ties made a particularly noteworthy contribution to entrepreneurship for SL, compared to the UK. The results for this study show an increased understanding of the business surroundings for policy makers, NGOs, business support institutions and the ethnic entrepreneurs