Entrepreneurs and firm growth under guilt vs shame cultures

Feler Bose and Arkadiusz Mironko

Journal of Entrepreneurship and Public Policy, 2023, vol. 12, issue 3/4, 234-252

Abstract: Purpose - This study aims to try and understand under what cultural conditions entrepreneurship will thrive and prosper, whether under shame or guilt cultures. Design/methodology/approach - The authors use basic game theory to model the conditions under which entrepreneurship will thrive. The authors anticipate that guilt cultures allow for the development of a rules-based culture that allows for the development of impersonal exchange, whereas shame cultures, which are relationship-oriented, focus on strong ties and hence lack the means to expand firms from small and medium family/clan-based businesses. Findings - Empirical results are completed to see whether guilt-dominating cultures are more conducive to having larger firms and whether guilt-dominating cultures have less informality. The authors find support for the latter but lack the right data to test the former. Originality/value - The authors use a new measure of culture to see how it impacts entrepreneurship.

Keywords: Entrepreneurs; Honor-shame culture; Innocence-guilt culture; Relationship based; Rules based; Institutions; Firms; L20; L26; Z10 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jepppp:jepp-11-2022-0123

DOI: 10.1108/JEPP-11-2022-0123

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