Socio-cultural factors and youth entrepreneurship in rural regions

Purpose – This paper aims to demonstrate the impact of two important socio-cultural factors on the level of the entrepreneurial activity of young individuals in rural regions. Design/methodology/approach – Our empirical study is based on a sample collected from an adult population survey, and an...

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Main Authors: Eduardo Gómez-Araujo, Manoj Chandra Bayon
Format: Article
Language:English
Published: Fundação Escola de Comércio Álvares Penteado 2017-04-01
Series:Revista Brasileira de Gestão De Negócios
Subjects:
Online Access:https://rbgn.fecap.br/RBGN/article/view/2695/pdf
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author Eduardo Gómez-Araujo
Manoj Chandra Bayon
author_facet Eduardo Gómez-Araujo
Manoj Chandra Bayon
author_sort Eduardo Gómez-Araujo
collection DOAJ
description Purpose – This paper aims to demonstrate the impact of two important socio-cultural factors on the level of the entrepreneurial activity of young individuals in rural regions. Design/methodology/approach – Our empirical study is based on a sample collected from an adult population survey, and analyzed using a logit model that controls for territorial and aging sources of heterogeneity. Our theoretical framework is anchored on a contingency perspective that emphasizes the unique influences of the contextual environment in driving entrepreneurial behavior. Findings – The main findings of our study is that in Spain the likelihood of being entrepreneurially active is no different for young and old individuals, and between rural and urban regions. Surprisingly, unlike shown in most studies, entrepreneurial role models do not have any effect on the entrepreneurship by young individuals in rural regions of Spain, while the negative impact of fear of failure in the entrepreneurship on young individuals in rural regions is much higher compared to the rest of the population. Originality/value – Our findings reveal that the context (regional) has a more significant impact on entrepreneurship for some segments (younger individuals) of the population than for others.
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spelling doaj.art-a010ad376c1146b8950b526f0e55fd722022-12-21T19:21:36ZengFundação Escola de Comércio Álvares PenteadoRevista Brasileira de Gestão De Negócios1806-48921983-08072017-04-01196420021810.7819/rbgn.v0i0.2695Socio-cultural factors and youth entrepreneurship in rural regionsEduardo Gómez-Araujo0Manoj Chandra Bayon1Universidad del Norte, Finance and Organization, Barranquilla, ColombiaPontificia Universidad Javeriana,Facultad de Ciencias Económicas y Administrativas, Cali, ColombiaPurpose – This paper aims to demonstrate the impact of two important socio-cultural factors on the level of the entrepreneurial activity of young individuals in rural regions. Design/methodology/approach – Our empirical study is based on a sample collected from an adult population survey, and analyzed using a logit model that controls for territorial and aging sources of heterogeneity. Our theoretical framework is anchored on a contingency perspective that emphasizes the unique influences of the contextual environment in driving entrepreneurial behavior. Findings – The main findings of our study is that in Spain the likelihood of being entrepreneurially active is no different for young and old individuals, and between rural and urban regions. Surprisingly, unlike shown in most studies, entrepreneurial role models do not have any effect on the entrepreneurship by young individuals in rural regions of Spain, while the negative impact of fear of failure in the entrepreneurship on young individuals in rural regions is much higher compared to the rest of the population. Originality/value – Our findings reveal that the context (regional) has a more significant impact on entrepreneurship for some segments (younger individuals) of the population than for others.https://rbgn.fecap.br/RBGN/article/view/2695/pdfYouthsRuralEntrepreneurshipFear of failureRole models
spellingShingle Eduardo Gómez-Araujo
Manoj Chandra Bayon
Socio-cultural factors and youth entrepreneurship in rural regions
Revista Brasileira de Gestão De Negócios
Youths
Rural
Entrepreneurship
Fear of failure
Role models
title Socio-cultural factors and youth entrepreneurship in rural regions
title_full Socio-cultural factors and youth entrepreneurship in rural regions
title_fullStr Socio-cultural factors and youth entrepreneurship in rural regions
title_full_unstemmed Socio-cultural factors and youth entrepreneurship in rural regions
title_short Socio-cultural factors and youth entrepreneurship in rural regions
title_sort socio cultural factors and youth entrepreneurship in rural regions
topic Youths
Rural
Entrepreneurship
Fear of failure
Role models
url https://rbgn.fecap.br/RBGN/article/view/2695/pdf
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AT manojchandrabayon socioculturalfactorsandyouthentrepreneurshipinruralregions