IDEAS home Printed from https://ideas.repec.org/a/url/upravl/v16y2025i3p63-77.html

Linking post-materialism to individual perception of business opportunities: The role of entrepreneurial self-efficacy

Author

Listed:
  • K.A. Bogatyreva

    (Graduate School of Management, Saint Petersburg University, Saint Petersburg, Russia)

Abstract

The influence of national culture on entrepreneurship has been extensively studied in the existing literature. Nevertheless, the mechanisms through which cultural values are interpreted and translated into specific entrepreneurial outcomes at the individual level remain incompletely understood. This study examines the link between country-level post-materialism and individual perception of entrepreneurial opportunities, wherein entrepreneurial self-efficacy is viewed as an important mediator of this relationship. The research is based on post-materialism theory and the concept of entrepreneurial self-efficacy. The multilevel mixed-effects linear regression and the mediation testing techniques were employed to examine the study hypotheses. The research hypotheses are tested using the Global Entrepreneurship Monitor 2019 (GEM) and the World Value Survey (WVS) 1981–2019 databases. The GEM database was used to derive the individual-level data on opportunities perception and entrepreneurial self-efficacy as well as on demographic control variables, while the WVS databases were employed to evaluate the country-level post-materialism index. The findings suggest that individuals in post-materialist society are less likely to perceive business opportunities. At the same time, for the first time in literature this study revealed that individual entrepreneurial selfefficacy appears to mitigate this negative relationship. This study identifies a mechanism that links the institutional level, where national culture expressed through post-materialism is situated, with the individual level, where entrepreneurship takes place. The obtained results can be used by policymakers and educators to promote entrepreneurial development depending on the level of post-materialistic maturity of the given society.

Suggested Citation

  • K.A. Bogatyreva, 2025. "Linking post-materialism to individual perception of business opportunities: The role of entrepreneurial self-efficacy," Upravlenets, Ural State University of Economics, vol. 16(3), pages 63-77, July.
    • Handle: RePEc:url:upravl:v:16:y:2025:i:3:p:63-77
    DOI: 10.29141/2218-5003-2025-16-3-5
    as

    Download full text from publisher

    File URL: https://upravlenets.usue.ru/images/115/5.pdf
    Download Restriction: no
    File URL: https://upravlenets.usue.ru/en/issues-2025/1741
    Download Restriction: no
    File URL: https://libkey.io/10.29141/2218-5003-2025-16-3-5?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
    ---><---

    References listed on IDEAS

    as
    1. Christian Hopp & Ute Stephan, 2012. "The influence of socio-cultural environments on the performance of nascent entrepreneurs: Community culture, motivation, self-efficacy and start-up success," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 24(9-10), pages 917-945, December.
    2. O. Bessonova, 2012. "Institutional Matrix for Russias Modernization," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
    3. A. A. Auzan & A. I. Bakhtigaraeva & V. A. Bryzgalin & A. V. Zolotov & E. N. Nikishina & N. A. Pripuzova & A. A. Stavinskaya, 2020. "Sociocultural factors in economics: Milestones and perspectives," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 7.
    4. O. Bessonova., 2012. "Institutional Matrix for Russia’s Modernization," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
    5. Fred Luthans & Elina S Ibrayeva, 2006. "Entrepreneurial self-efficacy in Central Asian transition economies: quantitative and qualitative analyses," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 37(1), pages 92-110, January.
    Full references (including those not matched with items on IDEAS)

    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. Pushkarskaya, Helen & Fortunato, Michael W.-P. & Breazeale, Nicole & Just, David R., 2021. "Enhancing measures of ESE to incorporate aspects of place: Personal reputation and place-based social legitimacy," Journal of Business Venturing, Elsevier, vol. 36(3).
    2. Florentine U. Salmony & Dominik K. Kanbach, 2022. "Personality trait differences across types of entrepreneurs: a systematic literature review," Review of Managerial Science, Springer, vol. 16(3), pages 713-749, April.
    3. Kuckertz, Andreas & Scheu, Maximilian, 2024. "From chalkboard to boardroom: Unveiling the role of entrepreneurship in bolstering academic achievement among professors," Journal of Business Research, Elsevier, vol. 175(C).
    4. Marco Caliendo & Alexander S. Kritikos & Daniel Rodríguez & Claudia Stier, 2023. "Self-efficacy and entrepreneurial performance of start-ups," Small Business Economics, Springer, vol. 61(3), pages 1027-1051, October.
    5. Georgeta Florina Bat (Iorga), 2018. "Introductory Elements On Entrepreneurship," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 13-20, December.
    6. Christian Linder & Michael Nippa, 2019. "Jumping in at the deep end! The role of motivational forces in starting a new venture," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1363-1391, December.
    7. Lie Luo & Meiwen Guo & Jiehua Huang & Jialin Yang, 2022. "Research on the Effect of an Entrepreneurial Environment on College Students’ Entrepreneurial Self-Efficacy: The Mediating Effect of Entrepreneurial Competence and Moderating Effect of Entrepreneurial," Sustainability, MDPI, vol. 14(11), pages 1-17, May.
    8. Kensbock, Julia M., 2025. "Reaching out or going it alone? How birth order shapes networking behavior and entrepreneurial action in the face of obstacles," Journal of Business Venturing, Elsevier, vol. 40(2).
    9. Wei Deng & Qiaozhuan Liang & Peihua Fan & Lin Cui, 2020. "Social entrepreneurship and well-being: The configurational impact of institutions and social capital," Asia Pacific Journal of Management, Springer, vol. 37(4), pages 1013-1037, December.
    10. Maria Claudia Angel Ferrero & Véronique Bessière, 2016. "From Lab to Venture: Cognitive Factors Influencing Researchers' Decision to Start a Venture," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 24(02), pages 101-131, June.
    11. Mmakgabo Justice Malebana, 2014. "Entrepreneurial Intentions and Entrepreneurial Motivation of South African Rural University Students," Journal of Economics and Behavioral Studies, AMH International, vol. 6(9), pages 709-726.
    12. Shijun Chai & Li Zhou & Yang Chen, 2023. "Digital Finance and Entrepreneurial Return Rate: Effects, Mechanisms and Inequality," SAGE Open, , vol. 13(4), pages 21582440231, October.
    13. Heléne Lundberg & Anneli Rehnfors, 2018. "Transnational entrepreneurship: opportunity identification and venture creation," Journal of International Entrepreneurship, Springer, vol. 16(2), pages 150-175, June.
    14. Kiss, Andreea N. & Danis, Wade M. & Cavusgil, S. Tamer, 2012. "International entrepreneurship research in emerging economies: A critical review and research agenda," Journal of Business Venturing, Elsevier, vol. 27(2), pages 266-290.
    15. Se-Kyoung Choi & Sangyun Han & Kyu-Tae Kwak, 2021. "Innovation Capabilities and the Performance of Start-Ups in Korea: The Role of Government Support Policies," Sustainability, MDPI, vol. 13(11), pages 1-14, May.
    16. Danilo Boffa & Antonio Prencipe & Armando Papa & Christian Corsi & Mario Sorrentino, 2023. "Boosting circular economy via the b-corporation roads. The effect of the entrepreneurial culture and exogenous factors on sustainability performance," International Entrepreneurship and Management Journal, Springer, vol. 19(2), pages 523-561, June.
    17. Martha Cantú Cavada & Vito Bobek & Anita Maček, 2017. "Motivation Factors for Female Entrepreneurship in Mexico," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(3), pages 133-148.
    18. Newbert, Scott L. & Tornikoski, Erno T. & Augugliaro, Jeff, 2020. "To get out of the building or not? That is the question: The benefits (and costs) of customer involvement during the startup process," Journal of Business Venturing Insights, Elsevier, vol. 14(C).
    19. Kee, Daisy Mui Hung & Rahman, Nurulhasanah Abdul, 2017. "Analyzing entrepreneurial orientation impact on start-up success with support service as moderator: A PLS-SEM approach," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 13(2).
    20. Diego Norena-Chavez & Ruben Guevara, 2020. "Entrepreneurial Passion and Self-Efficacy as Factors Explaining Innovative Behavior: A Mediation Model," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 352-373.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Z10 - Other Special Topics - - Cultural Economics - - - General

    Statistics

    Access and download statistics

    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:url:upravl:v:16:y:2025:i:3:p:63-77. 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: Victor Blaginin (email available below). General contact details of provider: https://edirc.repec.org/data/usueeru.html .

    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.