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Economic Performance And The Enterprise Culture

Author

Listed:
  • GREG HUNDLEY

    (Krannert School of Management, Purdue University, West Lafayette, Indiana, USA)

  • S. DUANE HANSEN

    (John B. Goddard School of Business & Economics, Weber State University, Ogden, Utah, USA)

Abstract

Research has typically examined culture as an independent or moderating variable. In this empirical study, we examine culture as a dependent variable and specifically investigate whether higher levels of economic performance might shape a national culture more supportive of entrepreneurial activities. Analysis controlling for the effects of unobserved country-specific factors and prior levels of economic development reveals that people in nations with greater gains in per capita GDP tend to place greater value on jobs that allow for achievement, the exercise of initiative, and more interesting and challenging work. Results show that people in nations with below average economic performance become less enterprising/entrepreneurial and that the propensity for nations to converge on pro-entrepreneurial values will depend on how economic performance is distributed across countries. Theoretical and practical implications are discussed.

Suggested Citation

  • Greg Hundley & S. Duane Hansen, 2012. "Economic Performance And The Enterprise Culture," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 20(03), pages 245-264.
    • Handle: RePEc:wsi:jecxxx:v:20:y:2012:i:03:n:s0218495812500112
    DOI: 10.1142/S0218495812500112
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    References listed on IDEAS

    as
    1. Deepak Lal, 2001. "Unintended Consequences: The Impact of Factor Endowments, Culture, and Politics on Long-Run Economic Performance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262621541, December.
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    Cited by:

    1. Raushan Gross, 2018. "Connecting the Links Between Leadership Styles and Virtual Team Effectiveness," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 26(02), pages 185-205, June.

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