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Contextualizing emotional intelligence for commercial and social entrepreneurship
(2023) Pathak, Saurav; Muralidharan, Etayankara
Rendering four emotional competencies of trait emotional intelligence (EI) model, well-being, self-control, adaptability, and sociability as culturally contextualized societal psychological capital, we explain their cross-cultural comparative influences on individual social and commercial entrepreneurship (SE and CE). We use psychological capital theory to establish EI as one’s emotional competencies. Societies with augmented supply of individuals with such competencies will have higher reserves of positive psychological capital making EI as culturally contextualized that shape individual CE and SE. Using 30,924 responses from Global Entrepreneurship Monitor (GEM) survey of 24 countries and supplementing data from World Values Survey (WVS), our multilevel analyses show that societal eudaimonic well-being and sociability increase likelihood of individual SE more than CE whereas societal hedonic well-being, adaptability, and self-control increase that of CE more than SE, implying that culturally contextualized EI shapes CE and SE differently across nations. Our findings offer policy implications for country-specific programs that taps into societal emotional competencies for entrepreneurship pedagogy, sustainability goals and EI-based training for entrepreneurs.