Social Capital Versus Cultural Capital Determinants of Entrepreneurship: An Empirical Study of the African Continent
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MISRA, SASI JOURNAL OF ENTREPRENEURSHIPSummary: 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.
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Main Library | Vol 28, No 2/ 55511090JA3 (Browse shelf(Opens below)) | Available | 55511090JA3 | |||||
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Main Library On Display | JOURNAL/ENTR/Vol 28, No 2/55511090 (Browse shelf(Opens below)) | Vol 28, No 2 (01/10/2019) | Not for loan | September, 2019 | 55511090 |
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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.
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