Impacts of Geographical Locations and Sociocultural Traits on the Vietnamese Entrepreneurship

SpringerPlus, Volume 5, Article #1189. doi:10.1186/s40064-016-2850-9

19 Pages Posted: 5 Feb 2016 Last revised: 28 Jul 2016

See all articles by Quan Hoang Vuong

Quan Hoang Vuong

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management; Phenikaa University

Date Written: July 27, 2016

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 entrepreneurship-related 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

JEL Classification: L26, M13, O33, P27

Suggested Citation

Vuong, Quan Hoang, Impacts of Geographical Locations and Sociocultural Traits on the Vietnamese Entrepreneurship (July 27, 2016). SpringerPlus, Volume 5, Article #1189. doi:10.1186/s40064-016-2850-9, Available at SSRN: https://ssrn.com/abstract=2727675 or http://dx.doi.org/10.2139/ssrn.2727675

Quan Hoang Vuong (Contact Author)

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management ( email )

ULB CP 145/01
21 Ave. F.D. Roosevelt
Brussels, Bruxelles 1050
Belgium
+32-2-6504864 (Phone)
+32-2-6504188 (Fax)

HOME PAGE: http://www.ceb-ulb.com/vuong-quan-hoang.html

Phenikaa University ( email )

To Huu road, Yen Nghia
Ha Dong district
Hanoi, Hanoi 100803
Vietnam

HOME PAGE: http://sites.google.com/site/vuongqh2019/

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