Creativity and Security as a Cultural Recipe for Entrepreneurship

Forthcoming in Journal of Institutional Economics

35 Pages Posted: 27 Jan 2021

See all articles by Tomasz Mickiewicz

Tomasz Mickiewicz

Aston University - Aston Business School

Anneli Kaasa

University of Tartu - Faculty of Economics and Business Administration

Date Written: December 3, 2020

Abstract

We posit that societal cultural values of creativity and security are associated with the likelihood that a person will engage in a business start-up. Creativity supports the opportunity identification and security the opportunity exploitation aspects of entrepreneurship. In contrast, both emphasis on performance and acceptance of risk-taking may not play the role that is typically assumed. To verify our hypotheses we construct a multilevel dataset, combining Global Entrepreneurship Monitor individual-level data with country-level data from the World Values Survey. We use a multilevel logit model to address the hierarchical structure of our data. We found that odds of start-up engagement are higher if people in a society value security, yet also appreciate thinking up new ideas and being creative. Our results support McCloskey’s distinction between aristocratic and bourgeois values, and John and Storr’s proposition that different cultural traits support different aspects of entrepreneurship.

Keywords: Entrepreneurship, Values, Culture, Creativity, Security, Global Entrepreneurship Monitor

JEL Classification: L26

Suggested Citation

Mickiewicz, Tomasz Marek and Kaasa, Anneli, Creativity and Security as a Cultural Recipe for Entrepreneurship (December 3, 2020). Forthcoming in Journal of Institutional Economics, Available at SSRN: https://ssrn.com/abstract=3742196

Tomasz Marek Mickiewicz (Contact Author)

Aston University - Aston Business School ( email )

Aston Triangle
Birmingham, B47ET
United Kingdom

Anneli Kaasa

University of Tartu - Faculty of Economics and Business Administration ( email )

Narva Road 4-A210
Tartu 51009
Estonia
+ 372 7 375 842 (Phone)

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