Effects of cultural origin on entrepreneurship

Sara Jonsson and Qinglin Ouyang

Journal of Economic Behavior & Organization, 2023, vol. 216, issue C, 308-319

Abstract: This paper investigates the effects of cultural origin on entrepreneurship. Using Swedish registry data on second-generation immigrants and risk appetite measures from the Global Preference Survey (GPS), we investigate whether risk preferences in parents’ home countries affect entrepreneurship. We find that children of immigrants from more risk-loving cultures are more likely to start up a business, although of poorer quality. We also find that entrepreneurs with parents from cultures with higher risk appetite earn a lower personal income. Our analysis demonstrates that culturally transmitted risk appetite has significant effects beyond individual and parental socioeconomic characteristics.

Keywords: Culture; Entrepreneurial entry; Risk appetite; Firm performance; Personal income (search for similar items in EconPapers)
JEL-codes: D14 G02 G50 L26 Z10 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:216:y:2023:i:c:p:308-319

DOI: 10.1016/j.jebo.2023.10.026

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