Social Progress Orientation and Innovative Entrepreneurship: An International Analysis

Posted: 27 Dec 2016

See all articles by David Urbano

David Urbano

Autonomous University of Barcelona

Sebastian Aparicio

Durham University Business School; Autonomous University of Barcelona; Fundación ECSIM Centro de Estudios en Economía Sistémica

Victor Querol

Autonomous University of Barcelona

Date Written: December 12, 2016

Abstract

Using the institutional approach, this paper examines the influence of social progress orientation on innovative entrepreneurship from an international perspective. Using a multiple linear regression model with cross-sectional information from the Global Entrepreneurship Monitor, the Indices of Social Development, the World Values Survey, the Hofstede Centre, the United Nations Development Programme and World Development Indicators, we find that social progress orientation dimensions such as voluntary spirit, survival vs. self-expression values and power distance were related to entrepreneurial activity. More specifically, the main findings demonstrate that high voluntary spirit had a positive and statistically significant impact on innovative early-stage entrepreneurial activity (TEA). In addition, necessity-driven TEA is highly discouraged in those societies with high voluntary spirit and self-expression values, whereas larger power distance increased the entrepreneurial activity driven by necessity. Based on these results, this study advances the literature by introducing and analyzing the concept of social progress orientation, by examining the factors that influence innovative entrepreneurial activity in light of an institutional approach. Also, this research could be useful for designing policies to foster entrepreneurial activity in different national and regional environments.

Keywords: Entrepreneurial Activity, Social Progress Orientation, Institutions, Postmaterialism, Hofstede, Development

JEL Classification: I31, L26, O15

Suggested Citation

Urbano, David and Aparicio, Sebastian and Querol, Victor, Social Progress Orientation and Innovative Entrepreneurship: An International Analysis (December 12, 2016). Journal of Evolutionary Economics, Vol. 26, No. 5, 2016, Available at SSRN: https://ssrn.com/abstract=2889702

David Urbano

Autonomous University of Barcelona ( email )

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

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

Sebastian Aparicio (Contact Author)

Durham University Business School ( email )

Mill Hill Lane
Durham, DH1 3LB
United Kingdom

HOME PAGE: http://https://www.dur.ac.uk/business/

Autonomous University of Barcelona ( email )

Plaça Cívica
Cerdañola del Valles
Barcelona, Barcelona 08193
Spain

Fundación ECSIM Centro de Estudios en Economía Sistémica ( email )

Cr. 43 A # 6 sur – 26, of. 423-424-425
Medellín, Antioquia
Colombia

HOME PAGE: http://www.ecsim.org

Victor Querol

Autonomous University of Barcelona ( email )

Plaça Cívica
Cerdañola del Valles
Barcelona, Barcelona 08193
Spain

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