A theoretical analysis of the role of social networks in entrepreneurship

Dennis P. Leyden; Albert N. Link; Donald S. Siegel

doi:10.1016/j.respol.2014.04.010

A theoretical analysis of the role of social networks in entrepreneurship

Dennis P. Leyden, Albert N. Link, Donald S. Siegel

Research output: Contribution to journal › Article › peer-review

133 Scopus citations

Abstract

Entrepreneurship involves innovation and uncertainty. We outline a theory of entrepreneurship, which highlights the importance of social networks in promoting innovation and reducing uncertainty. Our findings suggest that this "social" aspect of entrepreneurship increases the probability of entrepreneurial success. The results also lend credence to theories of entrepreneurship that suggest that entrepreneurial opportunities are formed endogenously by the entrepreneurs who create them. We also consider the public policy implications of our findings.

Original language	English (US)
Pages (from-to)	1157-1163
Number of pages	7
Journal	Research Policy
Volume	43
Issue number	7
DOIs	https://doi.org/10.1016/j.respol.2014.04.010
State	Published - Sep 2014
Externally published	Yes

Keywords

Entrepreneurship
Innovation
Social networks
Technology

ASJC Scopus subject areas

Strategy and Management
Management Science and Operations Research
Management of Technology and Innovation

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10.1016/j.respol.2014.04.010

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AU - Link, Albert N.

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AB - Entrepreneurship involves innovation and uncertainty. We outline a theory of entrepreneurship, which highlights the importance of social networks in promoting innovation and reducing uncertainty. Our findings suggest that this "social" aspect of entrepreneurship increases the probability of entrepreneurial success. The results also lend credence to theories of entrepreneurship that suggest that entrepreneurial opportunities are formed endogenously by the entrepreneurs who create them. We also consider the public policy implications of our findings.

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KW - Innovation

KW - Social networks

KW - Technology

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A theoretical analysis of the role of social networks in entrepreneurship

Abstract

Keywords

ASJC Scopus subject areas

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