Western Ideological Homogeneity in Entrepreneurial Finance Research: Evidence From Highly Cited Publications

27 Pages Posted: 14 Sep 2020

See all articles by Minh-Hoang Nguyen

Minh-Hoang Nguyen

Centre for Interdisciplinary Social Research, Phenikaa University ; Ritsumeikan Asia Pacific University

Huyen Thanh T. Nguyen

Foreign Trade University (FTU)

Thanh-Hang Pham

Faculty of Management and Tourism, Hanoi University

Manh-Toan Ho

Vuong & Associates; Phenikaa University, Center for Interdisciplinary Social Research, Students; Thanh Tay University

Quan Hoang Vuong

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management; Phenikaa University

Date Written: August 1, 2020

Abstract

Entrepreneurs play crucial roles in global sustainable development, but limited financial resources constrain their performance and survival rate. Entrepreneurial finance discipline is, therefore, born to explore the connection between finance and entrepreneurship. Despite the global presence of entrepreneurship, the literature of entrepreneurial finance is suspected to be Western ideologically homogeneous. Thus, the objective of this study is to examine the existence of Western ideological homogeneity in entrepreneurial finance literature. Employing the mind-sponge mechanism and biblio-metric analyses (Y-index and social structure), we analyze 412 highly cited publications extracted from Web of Science database and find Western ideological dominance as well as weak tolerance towards heterogeneity in the set of core ideologies of entrepreneurial finance. These results are consistent across author-, institution-, and country-levels, which reveals strong evidence for the existence of Western ideological homogeneity in the field. We recommend editors, reviewers, and authors to have proactive actions to diversify research topics and enhancing knowledge exchange to avoid the shortfalls of ideological homogeneity. Moreover, the synthesis of mind-sponge mechanism and biblio-metric analyses are suggested as a possible way to evaluate the state of ideological diversity in other scientific disciplines.

Keywords: Entrepreneurial Finance, Biblio-Metrics, Ideological Homogeneity, Y-Index, Social Structure

JEL Classification: M13, G00

Suggested Citation

Nguyen, Minh-Hoang and Nguyen, Huyen Thanh T. and Pham, Thanh-Hang and Ho, Manh-Toan and Ho, Manh-Toan and Vuong, Quan Hoang, Western Ideological Homogeneity in Entrepreneurial Finance Research: Evidence From Highly Cited Publications (August 1, 2020). Available at SSRN: https://ssrn.com/abstract=3664871 or http://dx.doi.org/10.2139/ssrn.3664871

Minh-Hoang Nguyen (Contact Author)

Centre for Interdisciplinary Social Research, Phenikaa University ( email )

Hanoi
Vietnam

Ritsumeikan Asia Pacific University ( email )

Beppu
Japan

Huyen Thanh T. Nguyen

Foreign Trade University (FTU) ( email )

91 Chua Lang St
Dong Da District
Hanoi, Hochiminh city 10000
Vietnam

Thanh-Hang Pham

Faculty of Management and Tourism, Hanoi University ( email )

Hanoi
Vietnam

Manh-Toan Ho

Phenikaa University, Center for Interdisciplinary Social Research, Students ( email )

Hanoi
Vietnam

Vuong & Associates ( email )

3/161 Thinh Quang
Dong Da District
Hanoi, 100000
Vietnam

Thanh Tay University ( email )

Yen Nghia Ward, Ha Dong District
Hanoi, 100803
Vietnam

Quan Hoang Vuong

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management ( email )

ULB CP 145/01
21 Ave. F.D. Roosevelt
Brussels, Bruxelles 1050
Belgium
+32-2-6504864 (Phone)
+32-2-6504188 (Fax)

HOME PAGE: http://www.ceb-ulb.com/vuong-quan-hoang.html

Phenikaa University ( email )

To Huu road, Yen Nghia
Ha Dong district
Hanoi, Hanoi 100803
Vietnam

HOME PAGE: http://sites.google.com/site/vuongqh2019/

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