Nature or Nurture? Testing the Direct and Interaction Effects of Entrepreneurial Orientation, National Culture, and Growth Strategy on Value Creation?

Babson College Entrepreneurship Research Conference (BCERC), 2005

Frontiers of Entrepreneurship Research, 2005

15 Pages Posted: 19 Dec 2009

See all articles by J.B. Arbaugh

J.B. Arbaugh

affiliation not provided to SSRN

Larry W. Cox

Pepperdine University - Graziadio School of Business and Management

Michael Camp

affiliation not provided to SSRN

Date Written: 2005

Abstract

This paper tests conceptual frameworks of international entrepreneurship, focusing on the choice of acquisitive growth strategies, firm internationalization, entrepreneurial orientation, and national culture on wealth creation in high-growth ventures. While many of the cultural, entrepreneurial and growth factors have been examined independently, few studies consider their simultaneous effects on value creation. Using a sample of 1045 firms from 17 countries, we found that the interactions between entrepreneurial orientation, degree of internationalization, and national culture predicted changes in firm value rather than the direct effects these variables. Our findings suggest that wealth creation may not be a question of “nature or nurture” but rather “nature and nurture.”

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Arbaugh, J.B. and Cox, Larry W. and Camp, Michael, Nature or Nurture? Testing the Direct and Interaction Effects of Entrepreneurial Orientation, National Culture, and Growth Strategy on Value Creation? (2005). Babson College Entrepreneurship Research Conference (BCERC), 2005. Available at SSRN: https://ssrn.com/abstract=1507198

J.B. Arbaugh (Contact Author)

affiliation not provided to SSRN ( email )

Larry W. Cox

Pepperdine University - Graziadio School of Business and Management ( email )

Malibu, CA
United States

Michael Camp

affiliation not provided to SSRN ( email )

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