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Social Capital Versus Cultural Capital Determinants of Entrepreneurship: An Empirical Study of the African Continent

Yaron Zelekha and Léo-Paul Dana

Journal of Entrepreneurship and Innovation in Emerging Economies, 2019, vol. 28, issue 2, 250-269

Abstract: 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)
Date: 2019
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DOI: 10.1177/0971355719851900

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