Abstract
Studies examining the relationship between national culture and entrepreneurial activity have largely ignored the influence of culture on individual decision-making. Recent years have witnessed considerable interest in cognitive logics employed by entrepreneurs. A growing body of literature examines factors contributing to the relative reliance on causal and effectual reasoning as entrepreneurs attempt to launch and grow new ventures, with evidence suggesting expert entrepreneurs engage more heavily in effectual reasoning than do novice entrepreneurs. The present study examines the mediating role of cognitive logic in explaining venture performance in differing cultural contexts. A series of hypotheses are tested using a sample of 3411 new ventures started by student entrepreneurs from 24 countries based on the Global University Entrepreneurial Spirit Students’ Survey. The findings indicate that both venture cognitive logics have positive effects on new venture performance and serve as mediators in the culture-performance relationship. Based on these findings, we conclude entrepreneurial reasoning is shaped not only by personal characteristics of entrepreneurs but also by aspects of the cultural context.
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11 May 2017
An erratum to this article has been published.
Notes
For the factor analysis, we use response-bias corrected scores provided by House et al. (2004). We drop institutional collectivism because of high cross-loadings between two second-order factors. We also did not include gender egalitarianism as it loads on a separate third factor. We replicated the factor analysis on the sample of 24 countries and found a similar factor solution.
For more information on the GUESSS project, see http://www.guesssurvey.org.
Argentina, Australia, Austria, Brazil, Canada, Columbia, Denmark, England, Finland, Germany, Greece, Hungary, Israel, Italy, Malaysia, Mexico, Netherlands, Poland, Russia, Singapore, Slovenia, Spain, Switzerland, and the USA. A number of countries were excluded due to not representative number of observations (less than 10 observations: France, Portugal, Romania, Japan, and Scotland) and lack of GLOBE indicators (Estonia, Belgium, and Luxemburg).
Scores utilized for this study were derived from the GLOBE database on the link http://www.harzing.com/download/hgindices.xls.
The detailed description of implemented MEDIATE macros is available at http://afhayes.com/spss-sas-and-mplus-macros-and-code.html.
The detailed calculations are available upon request from the authors.
The detailed calculations can be obtained on request from the authors.
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This research has been conducted with financial support from Russian Science Foundation grant (project No. 14-18-01093).
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The original version of this article was revised: Due to some errors on the part of the authors, there are a number of typos in the published paper.
An erratum to this article is available at https://doi.org/10.1007/s11187-017-9875-5.
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Laskovaia, A., Shirokova, G. & Morris, M.H. National culture, effectuation, and new venture performance: global evidence from student entrepreneurs. Small Bus Econ 49, 687–709 (2017). https://doi.org/10.1007/s11187-017-9852-z
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DOI: https://doi.org/10.1007/s11187-017-9852-z