Consequences of cross-cultural differences in perceived well-being for entrepreneurship.

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Date: Jan. 2021
Publisher: Elsevier B.V.
Document Type: Report; Brief article
Length: 174 words

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Abstract :

Keywords Eudaimonic; Hedonic; Well-being; Self-expression; Entrepreneurship Abstract In this article, we empirically test a theory-based model that delineates the indirect effect of societal-level well-being, through societal-level self-expression values, on individual entrepreneurship. Using 881636 individual-level responses obtained from the Global Entrepreneurship Monitor (GEM) from 44 countries and supplementing with country-level data from the World Values Survey (WVS), our results from multilevel cross-cultural analyses demonstrate that societal-level well-being - hedonic and eudaimonic - are positively related to societal-level self-expression values, and that self-expression values mediate the relation between both types of well-being and likelihood of individuals engaging in entrepreneurship. Hence, hedonic and eudaimonic well-being are distal whereas self-expression values are more proximal influencers of individual entrepreneurship. We discuss theoretical and practical implications of our findings. Author Affiliation: (a) Department of Management, Xavier University, Cincinnati, OH 45212, USA (b) School of Business, MacEwan University, 5-254B, 10700-104 Avenue, Edmonton, Alberta T5J4S2, Canada * Corresponding author. Article History: Received 9 March 2020; Revised 12 September 2020; Accepted 14 September 2020 Byline: Saurav Pathak [pathaks1@xavier.edu] (a,*), Etayankara Muralidharan [muralidharane@macewan.ca] (b)

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Gale Document Number: GALE|A648491683