2016
DOI: 10.1016/j.jet.2015.12.007
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The culture of entrepreneurship

Abstract: We study the cultural process through which a society inculcates an entrepreneurial spirit.People work for a guaranteed wage or operate a firm whose return depends on business expertise. The latter is culturally acquired, within the family or outside, and people may choose an occupation different from the one they were socialized into. We show that a cultural bias towards safer occupations from colonial and post-colonial policies leads to stagnation where entrepreneurs do not upgrade technology because of thei… Show more

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Cited by 32 publications
(28 citation statements)
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“…There has been work explicitly focusing on the impact of culture to entrepreneurship and entrepreneurial outcomes for quite some time now; see Hayton et al (2002) and Cacciotti and Hayton (2017) for reviews of the literature. Therefore, it is not a new idea that culture affects entrepreneurship, For example, Chakraborty et al (2016) present a formal model of the evolution of culture and entrepreneurship. Frederking (2004) shows that it is the organization of culture that is relevant for entrepreneurs and their business activities.…”
Section: Informal Institutions and Entrepreneurshipmentioning
confidence: 99%
“…There has been work explicitly focusing on the impact of culture to entrepreneurship and entrepreneurial outcomes for quite some time now; see Hayton et al (2002) and Cacciotti and Hayton (2017) for reviews of the literature. Therefore, it is not a new idea that culture affects entrepreneurship, For example, Chakraborty et al (2016) present a formal model of the evolution of culture and entrepreneurship. Frederking (2004) shows that it is the organization of culture that is relevant for entrepreneurs and their business activities.…”
Section: Informal Institutions and Entrepreneurshipmentioning
confidence: 99%
“…Ireland et al (2003) argue entrepreneurship process is linear and sequential that includes mind of the entrepreneur, management of resources to deal with the situation, creativity, innovation and competitive advantage. People may choose a business different from the one they were socialized into (Chakraborty et al, 2016).…”
Section: Introductionmentioning
confidence: 99%
“…Hence, entrepreneurs are viewed as the most critical factors for economic development of a country (Schumpeter 1934) because they are responsible for the organization and management of business enterprises through judicious utilization of the theories of entrepreneurship. These entrepreneurial theories both aspire to enhance the theoretical and practical skills and knowledge of the entrepreneurs (Chakraborty et al, 2016) and can be categorized into sociological, economic and cultural aspects.…”
Section: Entrepreneurial Culture and Orientationsmentioning
confidence: 99%