Social-cultural capital in youth entrepreneurship ecosystem: Southeast Asia

Tharuma Rajan Pillai · Amiruddin Ahamat

34 citations0/0 files storedJournal of Enterprising Communities People and Places in the Global Economy

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Entrepreneurship Studies and Influences Vocational and Entrepreneurial Education Migration, Ethnicity, and Economy

Abstract

Purpose This paper aims to explore the contextual role of social-cultural capital in youth entrepreneurship between Malaysia and Lao PDR/Laos, comparing two different entrepreneurial ecosystems designed to identify emergent factors that stimulate and/or stifle the genesis of youth entrepreneurship while identifying similar and divergent entrepreneurial identities and traits among young people from these two sovereign contexts. Design/methodology/approach Utilizing qualitative-based case study design approach, data collections were garnered from 30 informants through in-depth personal interviews, focus group studies coupled with personal observation conducted via purposive cum snowball sampling. Findings Thematic analysis reveals a pattern-based outcome that discloses a variety of inter-related factors within the social network ecosystem that stimulate and sometimes stifle youth entrepreneurship, primarily through the active agency of social-cultural capital. Practical implications Entrepreneurial ecosystem contextual differences between Malaysia and Laos demonstrate the unifying factor of social-cultural capital through social network in stimulating youth entrepreneurship and unveiling practical similarities and differences that can be used to promote youth entrepreneurial endeavors among varying sovereign socio-economic contexts in ASEAN (Association of Southeast Asian Countries). Originality/value This study specifically focuses on the unambiguous contextual differences of two sovereign entrepreneurship ecosystems. Contextual differences may not necessarily demarcate further the gulf of differences within and between two sovereign entrepreneurship ecosystems but, on the contrary, may close the gap through the dynamic role of social-cultural capital via social network ties in youth entrepreneurship.

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References

1984Case Study Research: Design and Methods 1988Social Capital in the Creation of Human Capital 2000Social Capital in the Creation of Human Capital 2018Distinction: A Social Critique of the Judgement of Taste*2001Birds of a Feather: Homophily in Social Networks 1991The Competitive Advantage of Nations 1990Foundations of social theory 2004Case Study Research

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