“In this paper we attempt to examine how institutional framing, human capital, and entrepreneurial moral values shape new firm creation since these variables are not mutually exclusive but rather complementary. This study is based on the observation that there are sparse empirical studies on entrepreneurs’ ethic. Most existing studies are conceptual and theoretical.Additionally, studies predicting entrepreneurship capital (new-firm startup rates as an indicator of entrepreneurship capital, the latter being an unobservable are also limited. Therefore, this paper attempts to achieve two main objectives. First to examine what constitute Institutional framing, entrepreneurial human capital and entrepreneurial moral values. Secondly we attempt to predict entrepreneurship capital using the aforementioned variables and provide policy implications.”
