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Entrepreneurial Motivations, Culture, and the Law

In: Entrepreneurship and Culture

Author

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  • Amir N. Licht

    (Radzyner School of Law)

Abstract

Inspired by Schumpeter’s seminal depiction of the entrepreneur, this chapter recasts this heroic portrait in a more rigorous theoretical framework, leveraging a model of individual value preferences by Schwartz. The entrepreneurial spirit, it is argued, consists of particular value preferences: most importantly high openness-to-change and also high self-enhancement. These hypotheses are consistent with extant empirical evidence. The upshot of this theory – especially when the stability of cultural value orientations is taken into account – is that individual propensities to engage in new venture creation may not be very susceptible to policy measures. Looking specifically at legal measures, this chapter considers measures that could be narrowly targeted to promoting entrepreneurship by making entrepreneurs even more highly motivated than what they appear to be. Recent research indicates, however, that theoretical and empirical issues, which must be resolved before such measures could be employed with confidence, are intractable at this point.

Suggested Citation

  • Amir N. Licht, 2010. "Entrepreneurial Motivations, Culture, and the Law," Springer Books, in: Andreas Freytag & Roy Thurik (ed.), Entrepreneurship and Culture, chapter 0, pages 11-40, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-87910-7_2
    DOI: 10.1007/978-3-540-87910-7_2
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    Cited by:

    1. Kim Hoe Looi, 2020. "Contextual Motivations for Undergraduates’ Entrepreneurial Intentions in Emerging Asian Economies," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 29(1), pages 53-87, March.
    2. Amir Khaleel HASSOO & Cuma AKBAY, 2020. "Factors Affecting Motivation of Employees in Public Sector: Case Study in Erbil, Iraq," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 21(3), pages 412-422, July.
    3. Yisca Monnickendam-Givon & Dafna Schwartz & Benjamin Gidron, 2016. "Network Not Utilized: The Case Of Ultra-Orthodox Female Micro-Entrepreneurs In Israel," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 21(01), pages 1-19, March.
    4. Ingmar Leijen & Hester van Herk, 2021. "Health and Culture: The Association between Healthcare Preferences for Non-Acute Conditions, Human Values and Social Norms," IJERPH, MDPI, vol. 18(23), pages 1-15, December.
    5. Cornelius A. Rietveld & Brigitte Hoogendoorn, 2022. "The mediating role of values in the relationship between religion and entrepreneurship," Small Business Economics, Springer, vol. 58(3), pages 1309-1335, March.
    6. Anneli Kaasa & Rico Baldegger, 2022. "Entrepreneurship and Culture: What Determines the Differences Within Switzerland?," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 31(3), pages 546-574, November.
    7. Kim Looi & Yusniza Kamarulzaman, 2015. "Convergence in the priorities of entrepreneurial values: Empirical evidence from Malaysia," Journal of International Entrepreneurship, Springer, vol. 13(1), pages 67-88, March.

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