Factors influencing the formation of Chinese and American entrepreneurs

Purpose – There is a dearth of literature aimed at understanding the Chinese entrepreneur. There are even fewer studies that compare Chinese and American entrepreneurs. As the interdependence of the economic superpowers continues to grow, it becomes increasingly important to understand similarities and differences between the two groups. Furthermore, researching the two groups can result in greater understanding of the entrepreneur. The purpose of this paper is to look at how economics, culture and policy influence the formation of established successful entrepreneurs. Design/methodology/approach – In this study Chinese and American researchers collected responses from 279 Chinese and American established entrepreneurs in China and the USA. The goal of the research is to develop greater understanding of how culture, economics and policy influence the formation of their ventures. Findings – The study's results indicate a significant difference in Chinese and American response to policy. The significant difference in policy response might justify further research, and could indicate that policy is more important to the Chinese entrepreneur. Originality/value – A contribution to existing entrepreneurial theory was made regarding the similarities of networking regardless of cultural environment. A three-dimensional conceptual model was used, measuring culture, economics and policy.