IDEAS home Printed from https://ideas.repec.org/a/spr/joiaen/v10y2021i1d10.1186_s13731-021-00186-0.html
   My bibliography  Save this article

Impact of self-perceptions, social norms, and social capital on nascent entrepreneurs: a comparative analysis by level of economic development in Latin American countries

Author

Listed:
  • Gustavo Barrera-Verdugo

    (Universidad de Las Américas)

Abstract

The impact of individual psychological and social conditions on participation in entrepreneurship has been widely studied. However, little is known about these variables’ comparative influence on the development of nascent ventures in countries with different levels of gross domestic product per capita. This research compares the effects of self-perceptions, perceived subjective norms, and first-hand connections with entrepreneurs on participation in nascent entrepreneurs in Latin America. Logistic regressions are performed and the resulting coefficient magnitudes and pseudo-R2 values compared for the populations of 11 countries in this region. The evidence reveals heterogeneity in the effect of these psychological and social attributes on nascent ventures’ creation process, conditional on different levels of gross domestic product per capita. Notably, higher economic development is positively related to a greater influence of these perceptual and social variables. The findings enhance understanding of the effects of key variables from theories of entrepreneurial behaviour, incorporating economic development level as a new determinant. In addition, the results could guide programmes aimed at strengthening entrepreneurship in Latin America by supporting the adaptation of efforts to support nascent entrepreneurship according to the influence of perceptual and social variables in different countries.

Suggested Citation

  • Gustavo Barrera-Verdugo, 2021. "Impact of self-perceptions, social norms, and social capital on nascent entrepreneurs: a comparative analysis by level of economic development in Latin American countries," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-19, December.
  • Handle: RePEc:spr:joiaen:v:10:y:2021:i:1:d:10.1186_s13731-021-00186-0
    DOI: 10.1186/s13731-021-00186-0
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1186/s13731-021-00186-0
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1186/s13731-021-00186-0?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Carter, Nancy M. & Gartner, William B. & Shaver, Kelly G. & Gatewood, Elizabeth J., 2003. "The career reasons of nascent entrepreneurs," Journal of Business Venturing, Elsevier, vol. 18(1), pages 13-39, January.
    2. Hsu, Dan K. & Burmeister-Lamp, Katrin & Simmons, Sharon A. & Foo, Maw-Der & Hong, Michelle C. & Pipes, Jesse D., 2019. "“I know I can, but I don't fit”: Perceived fit, self-efficacy, and entrepreneurial intention," Journal of Business Venturing, Elsevier, vol. 34(2), pages 311-326.
    3. Teemu Kautonen & Marco van Gelderen & Erno T. Tornikoski, 2013. "Predicting entrepreneurial behaviour: a test of the theory of planned behaviour," Applied Economics, Taylor & Francis Journals, vol. 45(6), pages 697-707, February.
    4. Maria Minniti, 2010. "Female Entrepreneurship and Economic Activity," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 22(3), pages 294-312, July.
    5. Zoltán J. Ács & László Szerb & Esteban Lafuente & Ainsley Lloyd, 2018. "The Global Entrepreneurship and Development Index," SpringerBriefs in Economics, in: Global Entrepreneurship and Development Index 2018, chapter 0, pages 21-37, Springer.
    6. Roundy, Philip T. & Bradshaw, Mike & Brockman, Beverly K., 2018. "The emergence of entrepreneurial ecosystems: A complex adaptive systems approach," Journal of Business Research, Elsevier, vol. 86(C), pages 1-10.
    7. Asante, Eric Adom & Affum-Osei, Emmanuel, 2019. "Entrepreneurship as a career choice: The impact of locus of control on aspiring entrepreneurs' opportunity recognition," Journal of Business Research, Elsevier, vol. 98(C), pages 227-235.
    8. Ajzen, Icek, 1991. "The theory of planned behavior," Organizational Behavior and Human Decision Processes, Elsevier, vol. 50(2), pages 179-211, December.
    9. Michael Wyrwich & Michael Stuetzer & Rolf Sternberg, 2016. "Entrepreneurial role models, fear of failure, and institutional approval of entrepreneurship: a tale of two regions," Small Business Economics, Springer, vol. 46(3), pages 467-492, March.
    10. Kim, Phillip H. & Aldrich, Howard E., 2005. "Social Capital and Entrepreneurship," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 1(2), pages 55-104, June.
    11. Nicole E. Peterman & Jessica Kennedy, 2003. "Enterprise Education: Influencing Students’ Perceptions of Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 28(2), pages 129-144, March.
    12. Eliana La Ferrara, 2019. "Presidential Address: Aspirations, Social Norms, and Development," Journal of the European Economic Association, European Economic Association, vol. 17(6), pages 1687-1722.
    13. Chi Huu Nguyen & Christophe J. Nordman, 2018. "Household Entrepreneurship and Social Networks: Panel Data Evidence from Vietnam," Journal of Development Studies, Taylor & Francis Journals, vol. 54(4), pages 594-618, April.
    14. Erik Stam & Kashifa Suddle & S. Jolanda A. Hessels & André van Stel, 2006. "Los emprendedores con potencial de crecimiento y el desarrollo económico. Políticas públicas de apoyo a los emprendedores," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 62(02), pages 124-149.
    15. Dennis Foley, 2008. "Does culture and social capital impact on the networking attributes of indigenous entrepreneurs?," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 2(3), pages 204-224, August.
    16. Martin Obschonka & Michael Stuetzer, 2017. "Integrating psychological approaches to entrepreneurship: the Entrepreneurial Personality System (EPS)," Small Business Economics, Springer, vol. 49(1), pages 203-231, June.
    17. Karl Wennberg & Saurav Pathak & Erkko Autio, 2013. "How culture moulds the effects of self-efficacy and fear of failure on entrepreneurship," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 25(9-10), pages 756-780, December.
    18. Hayter, Christopher S., 2016. "Constraining entrepreneurial development: A knowledge-based view of social networks among academic entrepreneurs," Research Policy, Elsevier, vol. 45(2), pages 475-490.
    19. Ibrahim Al-Jubari & Arif Hassan & Francisco Liñán, 2019. "Entrepreneurial intention among University students in Malaysia: integrating self-determination theory and the theory of planned behavior," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1323-1342, December.
    20. Jie Wu & Steven Si, 2018. "Poverty reduction through entrepreneurship: incentives, social networks, and sustainability," Asian Business & Management, Palgrave Macmillan, vol. 17(4), pages 243-259, September.
    21. Heléne Lundberg & Anneli Rehnfors, 2018. "Transnational entrepreneurship: opportunity identification and venture creation," Journal of International Entrepreneurship, Springer, vol. 16(2), pages 150-175, June.
    22. Xaver Neumeyer & Susana C. Santos & António Caetano & Pamela Kalbfleisch, 2019. "Entrepreneurship ecosystems and women entrepreneurs: a social capital and network approach," Small Business Economics, Springer, vol. 53(2), pages 475-489, August.
    23. Christina Whidya Utami, 2017. "Attitude, Subjective Norms, Perceived Behavior, Entrepreneurship Education and Self-efficacy toward Entrepreneurial Intention University Student in Indonesia," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 475-495.
    24. Batjargal, Bat, 2007. "Comparative Social Capital: Networks of Entrepreneurs and Venture Capitalists in China and Russia," Management and Organization Review, Cambridge University Press, vol. 3(3), pages 397-419, November.
    25. Chen, Chao C. & Greene, Patricia Gene & Crick, Ann, 1998. "Does entrepreneurial self-efficacy distinguish entrepreneurs from managers?," Journal of Business Venturing, Elsevier, vol. 13(4), pages 295-316, July.
    26. Jana Schmutzler & Veneta Andonova & Luis Diaz-Serrano, 2019. "How Context Shapes Entrepreneurial Self-Efficacy as a Driver of Entrepreneurial Intentions: A Multilevel Approach," Entrepreneurship Theory and Practice, , vol. 43(5), pages 880-920, September.
    27. Donna Marie De Carolis & Patrick Saparito, 2006. "Social Capital, Cognition, and Entrepreneurial Opportunities: A Theoretical Framework," Entrepreneurship Theory and Practice, , vol. 30(1), pages 41-56, January.
    28. Low, Murray B. & Abrahamson, Eric, 1997. "Movements, bandwagons, and clones: Industry evolution and the entrepreneurial process," Journal of Business Venturing, Elsevier, vol. 12(6), pages 435-457, November.
    29. María-José Pinillos & Luisa Reyes, 2011. "Relationship between individualist–collectivist culture and entrepreneurial activity: evidence from Global Entrepreneurship Monitor data," Small Business Economics, Springer, vol. 37(1), pages 23-37, July.
    30. Ute Stephan & Lorraine M Uhlaner, 2010. "Performance-based vs socially supportive culture: A cross-national study of descriptive norms and entrepreneurship," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 41(8), pages 1347-1364, October.
    31. Antonio Lecuna & Boyd Cohen & Roberto Chavez, 2017. "Characteristics of high-growth entrepreneurs in Latin America," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 141-159, March.
    32. Shim, Jaehu & Kim, Jiyoung, 2018. "Estimating country-level social network density and supportive surroundings by simulation," Journal of Business Venturing Insights, Elsevier, vol. 9(C), pages 24-31.
    33. Melissa S. Cardon & Colleen P. Kirk, 2015. "Entrepreneurial Passion as Mediator of the Self–Efficacy to Persistence Relationship," Entrepreneurship Theory and Practice, , vol. 39(5), pages 1027-1050, September.
    34. Farooq Rehan & Joern Block & Christian Fisch, 2019. "Entrepreneurship in Islamic communities," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 13(5), pages 557-583, August.
    35. Davidsson, Per & Honig, Benson, 2003. "The role of social and human capital among nascent entrepreneurs," Journal of Business Venturing, Elsevier, vol. 18(3), pages 301-331, May.
    36. Nancy G. Boyd & George S. Vozikis, 1994. "The Influence of Self-Efficacy on the Development of Entrepreneurial Intentions and Actions," Entrepreneurship Theory and Practice, , vol. 18(4), pages 63-77, July.
    37. Palivos, Theodore, 2001. "Social norms, fertility and economic development," Journal of Economic Dynamics and Control, Elsevier, vol. 25(12), pages 1919-1934, December.
    38. Li, Ting & Yang, Yang Claire & Zhang, Yanlong, 2018. "Culture, economic development, social-network type, and mortality: Evidence from Chinese older adults," Social Science & Medicine, Elsevier, vol. 204(C), pages 23-30.
    39. Ostgaard, Tone A. & Birley, Sue, 1996. "New venture growth and personal networks," Journal of Business Research, Elsevier, vol. 36(1), pages 37-50, May.
    40. KruegerJR, Norris F. & Reilly, Michael D. & Carsrud, Alan L., 2000. "Competing models of entrepreneurial intentions," Journal of Business Venturing, Elsevier, vol. 15(5-6), pages 411-432.
    41. Vincenzo Butticè & Massimo G. Colombo & Mike Wright, 2017. "Serial Crowdfunding, Social Capital, and Project Success," Entrepreneurship Theory and Practice, , vol. 41(2), pages 183-207, March.
    42. Luisa Fernanda Bernat & German Lambardi & Paola Palacios, 2017. "Determinants of the entrepreneurial gender gap in Latin America," Small Business Economics, Springer, vol. 48(3), pages 727-752, March.
    43. Bat Batjargal, 2007. "Comparative Social Capital: Networks of Entrepreneurs and Venture Capitalists in China and Russia," Management and Organization Review, The International Association for Chinese Management Research, vol. 3(3), pages 397-419, November.
    44. Davidsson, Per, 2006. "Nascent Entrepreneurship: Empirical Studies and Developments," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 2(1), pages 1-76, June.
    45. Rima M. Bizri, 2017. "Refugee-entrepreneurship: a social capital perspective," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 29(9-10), pages 847-868, October.
    46. Helle Neergaard & Henning Madsen, 2004. "Knowledge Intensive Entrepreneurship In A Social Capital Perspective," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 12(02), pages 105-125.
    47. Frederic Delmar & Per Davidsson, 2000. "Where do they come from? Prevalence and characteristics of nascent entrepreneurs," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 12(1), pages 1-23, January.
    48. Sophie Bacq & Chantal Hartog & Brigitte Hoogendoorn, 2016. "Beyond the Moral Portrayal of Social Entrepreneurs: An Empirical Approach to Who They Are and What Drives Them," Journal of Business Ethics, Springer, vol. 133(4), pages 703-718, February.
    49. Zoltan J. Acs & László Szerb & Erkko Autio, 2016. "Global Entrepreneurship and Development Index 2015," SpringerBriefs in Economics, Springer, edition 1, number 978-3-319-26730-2, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Thomas Neumann, 2023. "Are greener start-ups of superior quality? The impact of environmental orientation on innovativeness, growth orientation, and international orientation," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-24, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aparicio, Sebastian & Urbano, David & Stenholm, Pekka, 2021. "Attracting the entrepreneurial potential: A multilevel institutional approach," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
    2. Jana Schmutzler & Veneta Andonova & Luis Diaz-Serrano, 2019. "How Context Shapes Entrepreneurial Self-Efficacy as a Driver of Entrepreneurial Intentions: A Multilevel Approach," Entrepreneurship Theory and Practice, , vol. 43(5), pages 880-920, September.
    3. Mohd Yasir Arafat & Javed Ali & Amit Kumar Dwivedi & Imran Saleem, 2020. "Social and Cognitive Aspects of Women Entrepreneurs: Evidence from India," Vikalpa: The Journal for Decision Makers, , vol. 45(4), pages 223-239, December.
    4. Ivano Dileo & Thaís García Pereiro, 2019. "Assessing the impact of individual and context factors on the entrepreneurial process. A cross-country multilevel approach," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1393-1441, December.
    5. Bogatyreva, Karina & Edelman, Linda F. & Manolova, Tatiana S. & Osiyevskyy, Oleksiy & Shirokova, Galina, 2019. "When do entrepreneurial intentions lead to actions? The role of national culture," Journal of Business Research, Elsevier, vol. 96(C), pages 309-321.
    6. Madawala, Kalani & Foroudi, Pantea & Palazzo, Maria, 2023. "Exploring the role played by entrepreneurial self-efficacy among women entrepreneurs in tourism sector," Journal of Retailing and Consumer Services, Elsevier, vol. 74(C).
    7. Peter van der Zwan & Ingrid Verheul & Roy Thurik & Isabel Grilo, 2009. "Entrepreneurial Progress: Climbing the Entrepreneurial Ladder in Europe and the US," Tinbergen Institute Discussion Papers 09-070/3, Tinbergen Institute, revised 17 Mar 2010.
    8. Douglas, Evan J., 2013. "Reconstructing entrepreneurial intentions to identify predisposition for growth," Journal of Business Venturing, Elsevier, vol. 28(5), pages 633-651.
    9. Evelien Croonen & Hans van Der Bij & Rozenn Perrigot & Assaad El Akremi & Olivier Herrbach, 2022. "Who wants to be a franchisee? Explaining individual intentions to become franchisees," Post-Print hal-03281669, HAL.
    10. Nosheena Yasir & Nasir Mahmood & Hafiz Shakir Mehmood & Muhammad Babar & Muhammad Irfan & An Liren, 2021. "Impact of Environmental, Social Values and the Consideration of Future Consequences for the Development of a Sustainable Entrepreneurial Intention," Sustainability, MDPI, vol. 13(5), pages 1-20, March.
    11. Pablo Ruiz-Palomino & Ricardo Martínez-Cañas, 2021. "From opportunity recognition to the start-up phase: the moderating role of family and friends-based entrepreneurial social networks," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1159-1182, September.
    12. Genshu Lu & Yaping Song & Bingchao Pan, 2021. "How University Entrepreneurship Support Affects College Students’ Entrepreneurial Intentions: An Empirical Analysis from China," Sustainability, MDPI, vol. 13(6), pages 1-25, March.
    13. Schmutzler, Jana & Andonova, Veneta & Díaz Serrano, Lluís, 2015. "When culture does (not) matter: role models and self-efficacy as drivers of entrepreneurial behavior," Working Papers 2072/247806, Universitat Rovira i Virgili, Department of Economics.
    14. Arezou Abbasianchavari & Alexandra Moritz, 2021. "The impact of role models on entrepreneurial intentions and behavior: a review of the literature," Management Review Quarterly, Springer, vol. 71(1), pages 1-40, February.
    15. Anna Katharina Bachmann & Thomas Maran & Marco Furtner & Alexander Brem & Marius Welte, 2021. "Improving entrepreneurial self-efficacy and the attitude towards starting a business venture," Review of Managerial Science, Springer, vol. 15(6), pages 1707-1727, August.
    16. Carlos Bazan & Hannah Gaultois & Arifusalam Shaikh & Katie Gillespie & Sean Frederick & Ali Amjad & Simon Yap & Chantel Finn & James Rayner & Nafisa Belal, 2020. "A systematic literature review of the influence of the university’s environment and support system on the precursors of social entrepreneurial intention of students," Journal of Innovation and Entrepreneurship, Springer, vol. 9(1), pages 1-28, December.
    17. Zellweger, Thomas & Sieger, Philipp & Halter, Frank, 2011. "Should I stay or should I go? Career choice intentions of students with family business background," Journal of Business Venturing, Elsevier, vol. 26(5), pages 521-536, September.
    18. Anca-Otilia Dodescu & Elena-Aurelia Botezat & Alexandru Constăngioară & Ioana-Crina Pop-Cohuţ, 2021. "A Partial Least-Square Mediation Analysis of the Contribution of Cross-Campus Entrepreneurship Education to Students’ Entrepreneurial Intentions," Sustainability, MDPI, vol. 13(16), pages 1-26, August.
    19. Ben Youssef, Adel & Boubaker, Sabri & Dedaj, But & Carabregu-Vokshi, Mjellma, 2021. "Digitalization of the economy and entrepreneurship intention," Technological Forecasting and Social Change, Elsevier, vol. 164(C).
    20. Duong Cong Doanh, 2021. "The moderating role of self-efficacy on the cognitive process of entrepreneurship: An empirical study in Vietnam," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 17(1), pages 147-174.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:joiaen:v:10:y:2021:i:1:d:10.1186_s13731-021-00186-0. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.