Table 4 shows our multi-level model of individuals’ probability of entrepreneurial entry. The model is reported with estimates for the ﬁxed individual-level part (estimates of coefﬁcients) and the random culture-level part (variance estimates). Columns 2 and 3 in Table 4 report the odds ratio (OR), where OR . 1 indicates a positive relationship and OR , 1 indicates a negative relationship. Columns 5-9 report the beta-coefﬁcients of the logistic regression.