Abstract

Entrepreneurship is important in economic growth and development. This study explores the likelihood that societal-level well-being and country-level self-expression values positively influence individual entrepreneurship across countries. Self-expression values mediate and reinforce the effect of societal well-being on entrepreneurship. Well-being is not simply an individual-level expression of positive emotions or an individual’s accumulated human capital alone. It is also a country’s stock of psychological as well as social resource and a macrolevel culture-specific emotion supporting entrepreneurship. This study provides a multidimensional approach to exploring the effects of societal well-being and country-level self-expression values on entrepreneurship. The proposed conceptual model uses three theoretical propositions to delineate an indirect effect of societal well-being mediated through country-level self-expression values. The study also compiles measures of societal well-being terms from secondary data sets for use in cross-country comparative empirical research into entrepreneurship.