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The Changing Role of Social Capital During the Venture Creation Process: A Multilevel Study
[journal article]
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 measuring entrepreneurship as a sequential process inferred from cross-sectional data for 22,878 individuals l... view more
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 measuring entrepreneurship as a sequential process inferred from cross-sectional data for 22,878 individuals 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.... view less
Keywords
entrepreneurship; social capital; entrepreneur; ; regional difference; Europe; comparative research; regression analysis; setting up a business; multi-level analysis; cross-sectional study
Classification
Management Science
Free Keywords
new ventures; start-up; Eurobarometer Flash Surveys #192, #283, and #354 (Eurobarometer 2007, Eurobarometer 2010, Eurobarometer 2012); European Values Study (EVS 2015); Eurostat's regional database (Eurostat 2017)
Document language
English
Publication Year
2020
Page/Pages
p. 1-34
Journal
Entrepreneurship Theory and Practice (2020)
DOI
https://doi.org/10.1177/1042258720913022
ISSN
1540-6520
Status
Published Version; peer reviewed