Abstract

Entrepreneurial involvement, as indicated by an entrepreneur’s growth expectations is widely used but little understood. We conceptualize growth expectations as cognitions that are culturally contingent. A culture’s future time perspective (FTP) is an important concept in advancing our understanding of growth expectations because growth is inherently embedded in the future. We draw from FTP theory to explain differences in growth expectations across countries. In cultures with a strong FTP, people tend to have more realistic cognitive representations of distant future goals. Our key assumption is that entrepreneurs with a strong FTP culture are better in estimating the feasibility of long term growth. We also expect FTP to interact with individual level and macro level variables such as entrepreneurial experience and economic development.

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