Entrepreneurial Leadership Across Countries: The Role of Informal Institutions

  • Claudia Felix
  • Sebastian Aparicio
  • David UrbanoEmail author
Part of the Studies on Entrepreneurship, Structural Change and Industrial Dynamics book series (ESID)


This chapter examines the influence of informal institutions on the probability of becoming an entrepreneurial leader. In this regard, institutional economics is used to frame the hypotheses that relate to environmental factors and entrepreneurial leadership. These hypotheses are tested through logistic regression analysis, using a sample of 67,268 individuals from the World Values Survey (WVS) for 50 countries. The main findings show that informal institutions such as independence, risk-taking, and networking increase the probability of becoming an entrepreneurial leader. Also, networking and religious faith moderate the relationship between independence and entrepreneurial leadership. The contributions of this chapter are both conceptual, regarding development in the field of leadership and entrepreneurship and practices concerning business and education.


Entrepreneurship Leadership Culture Institutional economics 



Claudia Felix acknowledges financial support for Ph.D. studies from Tecnológico de Monterrey. Sebastian Aparicio acknowledges financial support for Ph.D. studies from COLCIENCIAS Ph.D. Program Chapter 3 (617/2013), Enlaza Mundos Municipio de Medellín (2013), and Fundación ECSIM. Also, David Urbano acknowledges the financial support from the Spanish Ministry of Economy & Competitiveness [project ECO2017-87885-P], the Economy & Knowledge Department—Catalan Government [project 2017-SGR-1056], and ICREA under the ICREA Academia Programme.


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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Claudia Felix
    • 1
  • Sebastian Aparicio
    • 2
  • David Urbano
    • 3
    Email author
  1. 1.Tecnológico de MonterreyHermosilloMexico
  2. 2.Durham University Business SchoolDurhamUK
  3. 3.Department of BusinessUniversitat Autònoma de BarcelonaBarcelonaSpain

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