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Cultural Values, Market Institutions, And Entrepreneurship Potential: A Comparative Study Of The United States, Taiwan, And Vietnam

Author

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  • THANG V. NGUYEN

    (Vietnam-Netherlands Center for Development Economics and Public Policy, National Economics University, Giai Phong Road, Hai Ba Trung Dist., Hanoi, Vietnam)

  • SCOTT E. BRYANT

    (College of Business, Montana State University, 320 Reid Hall, Bozeman, Montana 59717-3040, USA)

  • JERMAN ROSE

    (Center for Entrepreneurial Studies, College of Business and Economics, Washington State University, Pullman, Washington 99164-4851, USA)

  • CHIUNG-HUI TSENG

    (Department of Business Administration & Institute of International Business, National Cheng Kung University, 1 Ta-Hsueh Road, Tainan 701, Taiwan)

  • SUPARA KAPASUWAN

    (DPU International College, Dhurakijpundit University, 110/1-4 Prachachuen Road, Laksi, Bangkok 10210, Thailand)

Abstract

This study examines the impact of national cultural values and the development of market institutions on three aspects of entrepreneurship (desire, intention, and confidence in creating new ventures). We ask: What different kinds of effects do cultural and institutional factors have on different aspects of entrepreneurship? Our samples come from Vietnam, Taiwan, and the United States (US). The use of three countries allows us to distinguish the separate influences of culture and market institutions on entrepreneurship. Our results suggest that only culture has a significant impact on individuals' desires to create new ventures. However, we found mixed results on whether culture or institution affects individuals' intentions and confidence in creating new ventures. Contrary to our hypotheses, the Vietnam sample had higher scores on intention to create new ventures than both the US and Taiwan samples. The Vietnam sample was also higher than Taiwan on the confidence in creating new ventures. This may suggest an interaction effect of cultural and institutional factors on entrepreneurship. This interaction deserves more attention in future research.

Suggested Citation

  • Thang V. Nguyen & Scott E. Bryant & Jerman Rose & Chiung-Hui Tseng & Supara Kapasuwan, 2009. "Cultural Values, Market Institutions, And Entrepreneurship Potential: A Comparative Study Of The United States, Taiwan, And Vietnam," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 14(01), pages 21-37.
    • Handle: RePEc:wsi:jdexxx:v:14:y:2009:i:01:n:s1084946709001120
    DOI: 10.1142/S1084946709001120
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    Citations

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    Cited by:

    1. Rakesh Sambharya & Martina Musteen, 2014. "Institutional environment and entrepreneurship: An empirical study across countries," Journal of International Entrepreneurship, Springer, vol. 12(4), pages 314-330, December.
    2. Matthias Jan Mrożewski & Daphne Hering, 2023. "What makes migrants more entrepreneurial? Investigating the role of cultural distance and human capital," International Entrepreneurship and Management Journal, Springer, vol. 19(1), pages 151-176, March.
    3. Thang V. Nguyen & Lan T. Nguyen & Hieu H. Nguyen, 2018. "Fostering Academic Entrepreneurship: A Qualitative Study Of Invention Commercialization In Vietnam," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 23(04), pages 1-23, December.
    4. Anna Watson & Olufunmilola (Lola) Dada & Owen Wright & Rozenn Perrigot, 2019. "Entrepreneurial Orientation Rhetoric in Franchise Organizations: The Impact of National Culture," Entrepreneurship Theory and Practice, , vol. 43(4), pages 751-772, July.
    5. Dirk De Clercq & Dominic S.K. Lim & Chang Hoon Oh, 2013. "Individual–Level Resources and New Business Activity: The Contingent Role of Institutional Context," Entrepreneurship Theory and Practice, , vol. 37(2), pages 303-330, March.
    6. Jean-Claude Pacitto & Jacques Arlotto & Thierry Fabiani & Philippe Jourdan, 2014. "Cultures nationales et actions entrepreneuriales : une nouvelle perspective pour la recherche en entrepreneuriat," Post-Print hal-01132933, HAL.
    7. Vuong Quan Hoang & La Viet Phuong & Vuong Thu Trang & Hoang Phuong Hanh & Ho Manh Toan & Ho Manh Tung & Nguyen Hong Kong To, 2020. "Multi-faceted insights of entrepreneurship facing a fast-growing economy: A literature review," Open Economics, De Gruyter, vol. 3(1), pages 25-41, January.
    8. Ho, Manh-Toan, 2020. "The rise of research on development economics in Vietnam: Analyses and implications for the public and policymakers from SSHPA 2008-2020 dataset," Thesis Commons msy6e, Center for Open Science.
    9. Jones, Marian V. & Coviello, Nicole & Tang, Yee Kwan, 2011. "International Entrepreneurship research (1989–2009): A domain ontology and thematic analysis," Journal of Business Venturing, Elsevier, vol. 26(6), pages 632-659.
    10. Marco Savastano & Altaf Hussain Samo & Nisar Ahmed Channa & Carlo Amendola, 2022. "Toward a Conceptual Framework to Foster Green Entrepreneurship Growth in the Agriculture Industry," Sustainability, MDPI, vol. 14(7), pages 1-16, March.
    11. , Aisdl, 2020. "The rise of research on development economics in Vietnam: Analyses and implications for the public and policymakers from SSHPA 2008-2020 dataset," OSF Preprints 9nbyr, Center for Open Science.
    12. Palamida, Eftychia & Papagiannidis, Savvas & Xanthopoulou, Despoina, 2018. "Linking young individuals' capital to investment intentions: Comparing two cultural backgrounds," European Management Journal, Elsevier, vol. 36(3), pages 392-407.
    13. Manh-Toan Ho & Ngoc-Thang B. Le & Manh-Tung Ho & Quan-Hoang Vuong, 2022. "A bibliometric review on development economics research in Vietnam from 2008 to 2020," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(5), pages 2939-2969, October.
    14. Kiss, Andreea N. & Danis, Wade M. & Cavusgil, S. Tamer, 2012. "International entrepreneurship research in emerging economies: A critical review and research agenda," Journal of Business Venturing, Elsevier, vol. 27(2), pages 266-290.

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