Cultural-Cognitive Dimension and Entrepreneurial Activity: A Cross-Country Study

Revista de Estudios Sociales, 44, 146-157

12 Pages Posted: 7 Apr 2013 Last revised: 26 Oct 2017

See all articles by Claudia Alvarez

Claudia Alvarez

Universidad EAFIT; Autonomous University of Barcelona

David Urbano

Autonomous University of Barcelona

Date Written: April 5, 2013

Abstract

The purpose of this paper is to analyze the relationship between independence, risk taking, creativity, and entrepreneurial activity at the country level, in the light of institutional economics, concretely using the cultural-cognitive dimension. The main findings demonstrate through a regression model that risk taking and creativity have a positive and significant influence on entrepreneurship. Data were obtained from the World Values Survey, for the period 2005-2008, from a sample size of 42 countries. The study advances the literature by providing new information on the effect of environmental factors on entrepreneurial activity. Also, the research contributes to the definition of educational policies that promote favorable attitudes to risk taking and creativity, thereby increasing the number of potential entrepreneurs.

Keywords: Entrepreneurship, Independence, Risk Taking, Creativity, Institutional Economics

JEL Classification: L26, M13, B52

Suggested Citation

Alvarez, Claudia and Urbano, David, Cultural-Cognitive Dimension and Entrepreneurial Activity: A Cross-Country Study (April 5, 2013). Revista de Estudios Sociales, 44, 146-157, Available at SSRN: https://ssrn.com/abstract=2245902

Claudia Alvarez (Contact Author)

Universidad EAFIT ( email )

Carrera 49 N° 7 sur – 50
Medellín, Antioquia 00000
Colombia

Autonomous University of Barcelona ( email )

Bellaterra, Barcelona 08193
Spain

David Urbano

Autonomous University of Barcelona ( email )

Edifici B, Campus UAB
Bellaterra, Barcelona 08193
Spain
34935811209 (Phone)

HOME PAGE: http://www.davidurbano.eu

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