An honest day's pay: cooperation among entrepreneurs vs. students, and linkages to real-world business success
Article
Batsaikhan, M. and Putterman, L. 2019. An honest day's pay: cooperation among entrepreneurs vs. students, and linkages to real-world business success. Southern Economic Journal. 86 (2), pp. 478-502. https://doi.org/10.1002/soej.12391
Type | Article |
---|---|
Title | An honest day's pay: cooperation among entrepreneurs vs. students, and linkages to real-world business success |
Authors | Batsaikhan, M. and Putterman, L. |
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. |
Keywords | entrepreneurship; social dilemma; cooperation |
Sustainable Development Goals | 16 Peace, justice and strong institutions |
Middlesex University Theme | Health & Wellbeing |
Publisher | Wiley |
Journal | Southern Economic Journal |
ISSN | 0038-4038 |
Electronic | 2325-8012 |
Publication dates | |
Online | 31 Jul 2019 |
07 Oct 2019 | |
Publication process dates | |
Accepted | Mar 2019 |
Deposited | 25 Jan 2024 |
Output status | Published |
Digital Object Identifier (DOI) | https://doi.org/10.1002/soej.12391 |
Web of Science identifier | WOS:000481090200001 |
Language | English |
https://repository.mdx.ac.uk/item/v65w0
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