Social Capital Versus Cultural Capital Determinants of Entrepreneurship: An Empirical Study of the African Continent
Yaron Zelekha and
Journal of Entrepreneurship and Innovation in Emerging Economies, 2019, vol. 28, issue 2, 250-269
Entrepreneurship literature has examined the effects of social capital and cultural capital on entrepreneurial outcomes. However, the articulation of these concepts has not been clearly resolved. We employ a unique dataset of entrepreneurs from 51 African countries, introducing the level of slave trade as both a measurement of mistrust and a proxy for social capital. We use majority religion as a proxy for cultural capital. We found that social capital has a significantly positive impact on entrepreneurship only through its moderating effect on cultural capital. Results have significant policy implications for the articulation of social and cultural capital.
Keywords: Social capital; cultural capital; entrepreneurship; Africa; institutions; LinkedIn (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jouent:v:28:y:2019:i:2:p:250-269
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