The changing role of social capital during the venture creation process: A multi-level study

Johannes Kleinhempel, Sjoerd Beugelsdijk, Mariko J. Klasing

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Abstract

We assess how social capital relates to individuals’ initial interest in becoming an entrepreneur, formally setting up a venture, and subsequent survival of the venture. Conceptualizing and meas-uring entrepreneurship as a sequential process inferred from cross-sectional data for 22,878 indi-viduals living in 110 regions across 22 European countries, we find that regional social capital is relevant for formally setting up a venture, but it is not associated with initial interest, nor with venture survival after establishment. By assuming variability and not uniformity in how social capital relates to entrepreneurship, we gain a better understanding of the contextual determinants of the venture creation process.
Original languageEnglish
Pages (from-to)0-34
Number of pages34
JournalEntrepreneurship: Theory and Practice
Volume0
Issue number0
Early online date5 May 2020
DOIs
Publication statusPublished - 5 May 2020

Keywords

  • entrepreneurship
  • new ventures
  • social capital
  • start-up

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