Charismatic Leadership and Entrepreneurial Activity: An Empirical Analysis

Innovar, 23(50), 53-65, 2013

13 Pages Posted: 3 May 2018

See all articles by Stefan van Hemmen-Almazor

Stefan van Hemmen-Almazor

Autonomous University Barcelona (UAB)

David Urbano

Autonomous University of Barcelona

Claudia Alvarez

Universidad EAFIT; Autonomous University of Barcelona

Date Written: March 17, 2013


Entrepreneurship literature frequently identifies entrepreneurs as possessing a charismatic personality. Charisma is broadly defined as a combination of the talent to foresee market opportunities and the ability to motivate other people in the materialization of these opportunities. Business organizations also provide the context for developing skills and knowledge, which is particularly valuable for potential entrepreneurs who identify business opportunities. Using a sample of 41 countries, we show that higher rates of charismatic leadership at the country level are positively associated with entrepreneurial activity. this outcome suggests that both business oriented and educational organizations that promote charismatic leadership play a significant role in the development of entrepreneurial incubators.

Keywords: global leadership dimensions, charismatic leadership, entrepreneurial activity, entrepreneurship, GEM

JEL Classification: L26, M13

Suggested Citation

van Hemmen, Stefan and Urbano, David and Alvarez, Claudia, Charismatic Leadership and Entrepreneurial Activity: An Empirical Analysis (March 17, 2013). Innovar, 23(50), 53-65, 2013, Available at SSRN:

Stefan Van Hemmen

Autonomous University Barcelona (UAB) ( email )

Plaça Cívica
Cerdañola del Valles
Barcelona, Barcelona 08193
+93 581 12 09 (Phone)
+93 581 25 55 (Fax)

David Urbano

Autonomous University of Barcelona ( email )

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


Claudia Alvarez (Contact Author)

Universidad EAFIT ( email )

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

Autonomous University of Barcelona ( email )

Bellaterra, Barcelona 08193

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