Conversion and contagion in entrepreneurship: A cross‐country analysis

Abstract

Consistent with the theories of planned behavior and social contagion, this study is based on the notion that entrepreneurial intentions affect entrepreneurial behavior ("conversion channel"), which in turn affects others' intentions ("contagion channel"). GMM estimation results of a simultaneous equation model suggest that entrepreneurial intentions and new business ownership are reciprocally related. The conversion channel appears to be the stronger force in the relationship. Additional moderator analyses suggest that environmental munificence, as expressed by regulatory quality, advanced stage of the economy, and economic growth strengthen, whereas the GDP level weakens the relationship. Furthermore, entrepreneurial perceptions, exits, and knowing other entrepreneurs promote the conversion channel but mitigate the contagion channel. These findings yield implications relevant for research and policy makers.

Cross-cultural examination of successful entrepreneurial small and medium-sized enterprises

“…Previous studies have been conducted, and some authors have focused on the motivations of entrepreneurs (Bellu et al , 1990; Davidsson and Wiklund, 1997; Guo et al , 2016; McGrath and MacMillan, 2000; McGrath et al , 1992; Scheinberg and MacMillan, 1988) and their entrepreneurial intentions (Moriano et al , 2012) rather than on the outcome of those motivations and intentions. According to Bade (2021), entrepreneurial intentions affect entrepreneurial behaviour.…”

“…Previous studies have been conducted and some authors have focused on the motivations of entrepreneurs (Bellu et al, 1990;Davidsson & Wiklund, 1997;Guo et al, 2016;McGrath & MacMillan, 2000;McGrath et al, 1992;Scheinberg & MacMillan, 1988) and their entrepreneurial intentions (Moriano et al, 2012) rather than on the outcome of those motivations and intentions. According to Bade (2021), entrepreneurial intentions affect entrepreneurial behaviour. Engelen et al (2009) contend that it is possible that national culture could have a stronger effect on new ventures than on mature firms, since the former won't have developed a mature organizational culture, and because there is a lower degree of formalization and broader scope for decision power.…”

Peer effects and intentional entrepreneurial behaviour: A systematic literature review and research agenda

“…Some of the excluded studies examined the social influence of several distinguishable groups of people while using the single term ‘peers’ (e.g., Patuelli et al., 2020). There were also studies excluded that did not discuss peer influence or/and entrepreneurship in sufficient depth to be relevant to the phenomenon (e.g., Shimamoto et al., 2021; Suratno et al., 2021; Xu et al., 2021; Yang et al., 2021), or where the data and methodology used in the research imposed substantial limitations on the evidence related to peer effects (e.g., Bade, 2022). Some research engaged with the context of entrepreneurship in a very superficial way, for example Lopera and Marchand (2018) studied peer effects on risk‐taking among entrepreneurs in a staged experiment related to behaviours that pertain to gambling, not business or venturing.…”