An Honest Day's Pay: Cooperation among Entrepreneurs vs. Students, and Linkages to Real‐World Business Success. (31st July 2019)
- Record Type:
- Journal Article
- Title:
- An Honest Day's Pay: Cooperation among Entrepreneurs vs. Students, and Linkages to Real‐World Business Success. (31st July 2019)
- Main Title:
- An Honest Day's Pay: Cooperation among Entrepreneurs vs. Students, and Linkages to Real‐World Business Success
- Authors:
- Batsaikhan, Mongoljin
Putterman, Louis - Abstract:
- Abstract : The importance of cooperative behavior in business environments has been theorized in the field of management. However, measuring cooperation quantitatively is often challenging. We take advantage of experimental methods to overcome this issue. Particularly, we study the decisions that small‐scale entrepreneurs in Ulaanbaatar, Mongolia, make in a laboratory property rights dilemma experiment, comparing these to the decisions of student counterparts in the same and other countries, and looking for correlations between lab decisions and success in real‐world business sales. We find that Mongolian entrepreneurs generally achieve much higher cooperation levels and hence higher experimental earnings than Mongolian students. Also, among individual participants, producing and desisting from theft in the lab setting is correlated at the 1% level with real‐world business sales. Our findings align with the view that cooperative impulses or abidance of social norms can be an advantage in business relationships.
- Is Part Of:
- Southern economic journal. Volume 86:Number 2(2019)
- Journal:
- Southern economic journal
- Issue:
- Volume 86:Number 2(2019)
- Issue Display:
- Volume 86, Issue 2 (2019)
- Year:
- 2019
- Volume:
- 86
- Issue:
- 2
- Issue Sort Value:
- 2019-0086-0002-0000
- Page Start:
- 478
- Page End:
- 502
- Publication Date:
- 2019-07-31
- Subjects:
- Southern States -- Economic conditions -- Periodicals
Economics -- Periodicals
Economic history
Economics
Southern States
Periodicals
330.975005 - Journal URLs:
- http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)2325-8012 ↗
http://www.jstor.org/journals/00384038.html ↗
http://onlinelibrary.wiley.com/ ↗ - DOI:
- 10.1002/soej.12391 ↗
- Languages:
- English
- ISSNs:
- 0038-4038
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 11844.xml