A1 Journal article (refereed)
Entrepreneurial choices depend on trust : Some global evidence (2022)

Mangeloja, E., Ovaska, T., & Takashima, R. (2022). Entrepreneurial choices depend on trust : Some global evidence. Journal of International Entrepreneurship, 20(4), 564-590. https://doi.org/10.1007/s10843-022-00315-0

JYU authors or editors

Publication details

All authors or editorsMangeloja, Esa; Ovaska, Tomi; Takashima, Ryo

Journal or seriesJournal of International Entrepreneurship



Publication year2022

Publication date12/04/2022


Issue number4

Pages range564-590

PublisherSpringer Science and Business Media LLC

Publication countryNetherlands

Publication languageEnglish


Publication open accessNot open

Publication channel open access

Publication is parallel published (JYX)https://jyx.jyu.fi/handle/123456789/84125


Interpersonal trust and people’s trust in institutions are important components of social capital, which has been shown to have not only innate social value but also diverse direct and indirect positive social and economic impacts. Using data for an economically and globally diverse group of countries, we examine empirically how changes in interpersonal trust and trust in institutions affect entrepreneurship over time. Our findings suggest that (1) enhancing either type of trust leads to more entrepreneurial activity and (2) an increase in interpersonal trust causes a structural change in the composition of the TEA-type entrepreneurship. Increased trust reduces the share of relatively lower value-added necessity-driven entrepreneurial activity and increases the share of higher value-added improvement-driven opportunity entrepreneurial activity (Schumpeterian entrepreneurship).

Keywordstrustbusiness operationsentrepreneurshipenterprisesinstitutions (social mechanisms)social justicesocial relationshuman relationsinteractionsocial interactionexperiences (knowledge)customer experienceeffects (results)social effectseconomic effects

Free keywordsentrepreneurship; Global Entrepreneurship Monitor (GEM); Index of Economic Freedom (IEF); trust; World Bank Global Entrepreneurship Surveys (WBGES); World Values Survey (WVS)

Contributing organizations

Ministry reportingYes

Reporting Year2022

JUFO rating1

Last updated on 2024-15-06 at 22:26