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Work values in a changing economic environment: the role of entrepreneurial capital

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  • Inmaculada Jaén
  • Francisco Liñán

Abstract

Purpose - – The need for more flexible, dynamic and innovative firms is widely recognised nowadays. Entrepreneurial capital may contribute to a more entrepreneurial labour force with work values aligned to those needs, thus becoming one of the firm's strategic resources. But entrepreneurial capital is not evenly distributed between countries and regions. The purpose of this paper is to measure the importance of a region's cultural values in determining its level of entrepreneurial capital, and considers how this may affect the characteristics of the workforce. Design/methodology/approach - – Schwartz's (2004) approach to measuring cultural values will be followed. Entrepreneurial intentions will be used as a proxy for entrepreneurship capital, following Ajzen's (1991) theory of planned behaviour. A representative sample of 2,974 adults with higher education was used in the empirical analysis. Findings - – Results show that the region's culture indirectly influences the entrepreneurial capital of its members. People in some regions are more pro-entrepreneurial, showing higher start-up intentions, due to their cultural characteristics. Research limitations/implications - – Results help explain why a larger share of the workforce in some regions presents work values facilitating flexibility, creativity and innovation. Similarly, they explain some of the difficulties faced when transferring human-resource practices that have been successful in one branch, to new branches in regions with lower entrepreneurial capital. Originality/value - – The paper is novel in that it contributes to explaining why the majority of firms in some regions enjoy a more flexible and innovative labour force than those in less entrepreneurial regions.

Suggested Citation

  • Inmaculada Jaén & Francisco Liñán, 2013. "Work values in a changing economic environment: the role of entrepreneurial capital," International Journal of Manpower, Emerald Group Publishing Limited, vol. 34(8), pages 939-960, November.
  • Handle: RePEc:eme:ijmpps:v:34:y:2013:i:8:p:939-960
    DOI: 10.1108/IJM-07-2013-0166
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    Citations

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    Cited by:

    1. Elisabet Ruiz-Dotras & Josep Lladós-Masllorens, 2022. "Entrepreneurial Self-efficacy and Financial and Calculation Skills Can Shape Different Profiles of Venture Intentions," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 31(1), pages 153-183, March.
    2. Lubica Knošková, 2015. "Innovation Processes and Entrepreneurial Culture for Radical Innovations," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 342-342, February.
    3. Petra C. M. Neessen & Marjolein C. J. Caniëls & Bart Vos & Jeroen P. Jong, 2019. "The intrapreneurial employee: toward an integrated model of intrapreneurship and research agenda," International Entrepreneurship and Management Journal, Springer, vol. 15(2), pages 545-571, June.

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