Entrepreneurial aspirations: economic development, inequalities and cultural values

Yilsy María Núñez Guerrero · Juan Francisco Aguilera · Carlos Rodríguez Monroy

24 citations0/0 files storedEuropean Journal of Innovation Management

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Entrepreneurship Studies and Influences Migration, Ethnicity, and Economy Culture, Economy, and Development Studies

Abstract

Purpose This study aims at shedding light on entrepreneurial aspirations on both developed and developing economies, in terms of contextual and individual values. Among the former, economic development and inequalities are sought after, while among the latter national culture is the variable under study. Design/methodology/approach The data used are extracted from the Global Entrepreneurship Monitor for a panel of countries, where the entrepreneurial aspirations of individuals of each country are measured through the Total early-stage Entrepreneurial Activity (TEA). The influence of cultural values as defined by Hofstede (individualism-collectivism (IDV), masculinity–femininity (MAS) and uncertainty avoidance (UAI)), moderated by the development level of the country and the existing inequalities are analyzed through artificial neural network (ANN) and multilayer perceptron (MLP) techniques. Findings Results show that in the post-crisis era, entrepreneurial aspirations are negatively linked to individualism in developing countries. In developed countries, however, entrepreneurship is not linked to individualism but to inequalities. Originality/value Entrepreneurial aspirations have not been thoroughly studied in the post-crisis era. We prove that entrepreneurial orientations have changed, together with the world, in the last decade. Cultural differences between countries tend to moderate, especially among developed ones, which speak of homogenization of national cultures. In this regard, inequalities are the determining factor. Contrarily, in developing countries, the differences in individualism are noticeable when it comes to analyzing entrepreneurial aspirations.

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References

2006The Essential Impact of Context on Organizational Behavior 2011Contextualizing Entrepreneurship—Conceptual Challenges and Ways Forward 2002Hofstede's model of national cultural differences and their consequences: A triumph of faith - a failure of analysis 2003Building organisational culture that stimulates creativity and innovation 2005Entrepreneurship, Innovation and Economic Growth: Evidence from GEM data 2010The Impact of Entrepreneurship on Economic Growth 2005Nascent Entrepreneurship and the Level of Economic Development 2000A Case for Comparative Entrepreneurship: Assessing the Relevance of Culture

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