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Impacts of geographical locations and sociocultural traits on the Vietnamese entrepreneurship

Quan Hoang Vuong

No 16-012, Working Papers CEB from ULB -- Universite Libre de Bruxelles

Abstract: This paper presents new results that are obtained from investigations into a 2015 Vietnamese entrepreneurs survey data, containing 3071 observations. Evidence found from the estimations using multinomial logits supports relationships between several sociocultural factors and entrepreneurshiprelated performance or traits has been found. Specifically, those relationships include: a) Active participation in entrepreneurs' social networks and reported value of creativity; b) CSR-willingness and reported entrepreneurs' perseverance; c) Transforming of sociocultural values and entrepreneurs' decisiveness; and, d) Lessons learned from others' failures and perceived chance of success. Using geographical locations as control variate, evaluations of the baseline-category logits models indicate their varying effects on the outcomes when combined with the sociocultural factors that are found statistically significant. Empirical probabilities that help to learn in details about behavioral patterns are provided; and toward the end, the paper offers a discussion on some striking insights and useful explanations on this entrepreneurship data set.

Keywords: Entrepreneurship; creativity; perseverance; cultural changes; transitional economies (search for similar items in EconPapers)
JEL-codes: L26 M13 O33 (search for similar items in EconPapers)
Pages: 18 p.
Date: 2016-02-04
New Economics Papers: this item is included in nep-cse, nep-dcm, nep-ent, nep-ino, nep-sbm and nep-sea
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