Furthermore, we find that opportunity-motivated entrepreneurship #GEM #TEAOPP —another commonly used measure—also does not proxy well for high-impact entrepreneurship.

We then introduce the notion of entrepreneurial projection bias to gauge the misfit between expectations and realizations. This could arise because of systematic differences in entrepreneurial overconfidence or overoptimism, or structural impediments to venture growth.

We revisit this practice by assessing the cross-country association between high-growth expectations & realized high-impact entrepreneurship.

We find that expectations are not a good proxy for realizations; they are associated with different determinants and outcomes, respectively.

How do we measure entrepreneurial activity at the country level, especially in terms of economically relevant high-impact entrepreneurship?

“Realizing expectations?” with Saul Estrin at #SmallBusinessEconomics doi.org/10.1007/s111...

In sum, our study highlights the durability, portability, and intergenerational transmission of entrepreneurial culture as well as the profound impact of national culture on entrepreneurship. (10/n)

@orgscience.bsky.social

the positive effect of country-of-ancestry entrepreneurial culture on 2nd-generation immigrant entrepreneurship increases in parenting intensity because more intense parent-child interactions strengthen the intergenerational transmission of entrepreneurial culture. (9/n)

National culture is a deeply rooted determinant of entrepreneurship & cultural imprints are durable, portable, and intergenerationally transmitted such that they persist over at least two generations and in different economic & institutional contexts doi.org/10.1287/orsc... (1/n)