Social-cultural capital in youth entrepreneurship ecosystem: Southeast Asia

This paper aims to explore the contextual role of social-cultural capital in youth entrepreneurship between Malaysia and Lao PDR/Laos, comparing two different entrepreneurial ecosystems designed to identify emergent factors that stimulate and/or stifle the genesis of youth entrepreneurship while identifying similar and divergent entrepreneurial identities and traits among young people from these two sovereign contexts.

Utilizing qualitative-based case study design approach, data collections were garnered from 30 informants through in-depth personal interviews, focus group studies coupled with personal observation conducted via purposive cum snowball sampling.

Thematic analysis reveals a pattern-based outcome that discloses a variety of inter-related factors within the social network ecosystem that stimulate and sometimes stifle youth entrepreneurship, primarily through the active agency of social-cultural capital.

Entrepreneurial ecosystem contextual differences between Malaysia and Laos demonstrate the unifying factor of social-cultural capital through social network in stimulating youth entrepreneurship and unveiling practical similarities and differences that can be used to promote youth entrepreneurial endeavors among varying sovereign socio-economic contexts in ASEAN (Association of Southeast Asian Countries).

This study specifically focuses on the unambiguous contextual differences of two sovereign entrepreneurship ecosystems. Contextual differences may not necessarily demarcate further the gulf of differences within and between two sovereign entrepreneurship ecosystems but, on the contrary, may close the gap through the dynamic role of social-cultural capital via social network ties in youth entrepreneurship.