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Impacts of geographical locations and sociocultural traits on the Vietnamese entrepreneurship

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  • Quan-Hoang Vuong

Abstract

This paper presents new results that are obtained from investigations into a 2015 Vietnamese entrepreneurs survey data, containing 3071 observations. Evidence found from the estimations using multinomial logits supports relationships between several sociocultural factors and entrepreneurshiprelated performance or traits has been found. Specifically, those relationships include: a) Active participation in entrepreneurs' social networks and reported value of creativity; b) CSR-willingness and reported entrepreneurs' perseverance; c) Transforming of sociocultural values and entrepreneurs' decisiveness; and, d) Lessons learned from others' failures and perceived chance of success. Using geographical locations as control variate, evaluations of the baseline-category logits models indicate their varying effects on the outcomes when combined with the sociocultural factors that are found statistically significant. Empirical probabilities that help to learn in details about behavioral patterns are provided; and toward the end, the paper offers a discussion on some striking insights and useful explanations on this entrepreneurship data set.

Suggested Citation

  • Quan-Hoang Vuong, 2016. "Impacts of geographical locations and sociocultural traits on the Vietnamese entrepreneurship," Working Papers CEB 16-012, ULB -- Universite Libre de Bruxelles.
  • Handle: RePEc:sol:wpaper:2013/226227
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    References listed on IDEAS

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    1. Minet Schindehutte & Michael Morris & Jeffrey Allen, 2006. "Beyond Achievement: Entrepreneurship as Extreme Experience," Small Business Economics, Springer, vol. 27(4), pages 349-368, December.
    2. Quan Hoang Vuong & Nancy K. Napier & Tri Dung Tran, 2013. "A categorical data analysis on relationships between culture, creativity and business stage: the case of Vietnam," International Journal of Transitions and Innovation Systems, Inderscience Enterprises Ltd, vol. 3(1), pages 4-24.
    3. Quan-Hoang Vuong & Nancy K. Napier, 2013. "Acculturation and Global Mindsponge," Working Papers CEB 13-053, ULB -- Universite Libre de Bruxelles.
    4. Ward, Thomas B., 2004. "Cognition, creativity, and entrepreneurship," Journal of Business Venturing, Elsevier, vol. 19(2), pages 173-188, March.
    5. Quan-Hoang Vuong, 2014. "Be rich or don’t be sick: Estimating Vietnamese patients’ risk of falling into destitution," Working Papers CEB 14-031, ULB -- Universite Libre de Bruxelles.
    6. Frank, Mark W., 1998. "Schumpeter on Entrepreneurs and Innovation: A Reappraisal," Journal of the History of Economic Thought, Cambridge University Press, vol. 20(04), pages 505-516, December.
    7. Weerawardena, Jay & Mort, Gillian Sullivan, 2006. "Investigating social entrepreneurship: A multidimensional model," Journal of World Business, Elsevier, vol. 41(1), pages 21-35, February.
    8. Mollick, Ethan, 2014. "The dynamics of crowdfunding: An exploratory study," Journal of Business Venturing, Elsevier, vol. 29(1), pages 1-16.
    9. Vu Dang Le Nguyen & Nancy K. Napier & Quan-Hoang Vuong, 2012. "It Takes Two to Tango: Entrepreneurship and Creativity in Troubled Times – Vietnam 2012," Working Papers CEB 12-022, ULB -- Universite Libre de Bruxelles.
    10. Davidsson, Per, 2006. "Nascent Entrepreneurship: Empirical Studies and Developments," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 2(1), pages 1-76, June.
    11. Cope, Jason, 2011. "Entrepreneurial learning from failure: An interpretative phenomenological analysis," Journal of Business Venturing, Elsevier, vol. 26(6), pages 604-623.
    12. Dimo Dimov, 2010. "Nascent Entrepreneurs and Venture Emergence: Opportunity Confidence, Human Capital, and Early Planning," Journal of Management Studies, Wiley Blackwell, vol. 47(6), pages 1123-1153, September.
    13. 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.
    14. Quan Hoang Vuong & Nancy K. Napier, 2014. "Resource curse or destructive creation in transition: Evidence from Vietnam's corporate sector," Management Research Review, Emerald Group Publishing, vol. 37(7), pages 642-657, June.
    15. David A Ralston & Nguyen Van Thang & Nancy K Napier, 1999. "A Comparative Study of the Work Values of North and South Vietnamese Managers," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 30(4), pages 655-672, December.
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    Cited by:

    1. repec:gam:jjrfmx:v:12:y:2019:i:2:p:62-:d:221962 is not listed on IDEAS
    2. repec:gam:jsusta:v:10:y:2018:i:3:p:602-:d:133506 is not listed on IDEAS
    3. repec:gam:jsusta:v:11:y:2019:i:2:p:383-:d:197371 is not listed on IDEAS
    4. repec:gam:jsusta:v:11:y:2019:i:3:p:878-:d:204235 is not listed on IDEAS

    More about this item

    Keywords

    Entrepreneurship; creativity; perseverance; cultural changes; transitional economies;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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