Our analyses bring into question current survey-based approaches to measuring high-impact entrepreneurship and existing rankings of countries’ entrepreneurial performance, with important implications for #EntrepreneurshipTheory and #EntrepreneurshipPolicy.

Open-access link: doi.org/10.1007/s111...

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.

Comparative international entrepreneurship research has often used measures of high-growth expectations entrepreneurship to proxy for the construct of high-impact entrepreneurship.

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)

We also show our findings are robust to alternative non-cultural explanations (e.g., financial resources, labor market discrimination, skills, direct parent-child linkages) and we highlight the critical role of intergenerational cultural transmission: (8/n)

...we show that country-of-ancestry entrepreneurial culture is positively associated with the likelihood that second-generation immigrants are entrepreneurs. (7/n)

Using two independent samples—65,323 second-generation immigrants of 52 different ancestries in the United States and 4,165 second-generation immigrants of 31 ancestries in Europe— ... (6/n)

We argue that entrepreneurship is influenced by durable, portable, and intergenerationally transmitted cultural imprints such that 2nd-generation immigrants are more likely to be entrepreneurs if their parents originate from countries with a strong entrepreneurial culture. (5/n)

In the study, we use second-generation immigrant entrepreneurship as the empirical context to study the role of national culture in entrepreneurship. (4/n)

Since entrepreneurship and the economic, formal institutional, and cultural characteristics of countries are deeply intertwined, it is difficult to isolate the effect of culture on entrepreneurship. (3/n)

For more than a century, scholars have argued that culture drives entrepreneurship. However, empirical research has produced mixed & conflicting findings. (2/n)