A theoretical analysis of the role of social networks in entrepreneurship

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

Research output: Contribution to journalArticle

49 Citations (Scopus)

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 languageEnglish (US)
Pages (from-to)1157-1163
Number of pages7
JournalResearch Policy
Volume43
Issue number7
DOIs
StatePublished - Jan 1 2014
Externally publishedYes

Fingerprint

Innovation
Social aspects
Uncertainty
Social networks
Theoretical analysis
Entrepreneurship

Keywords

  • Entrepreneurship
  • Innovation
  • Social networks
  • Technology

ASJC Scopus subject areas

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

Cite this

A theoretical analysis of the role of social networks in entrepreneurship. / Leyden, Dennis P.; Link, Albert N.; Siegel, Donald.

In: Research Policy, Vol. 43, No. 7, 01.01.2014, p. 1157-1163.

Research output: Contribution to journalArticle

Leyden, Dennis P. ; Link, Albert N. ; Siegel, Donald. / A theoretical analysis of the role of social networks in entrepreneurship. In: Research Policy. 2014 ; Vol. 43, No. 7. pp. 1157-1163.
@article{d4437225a7d94c63a4e8a8de5fac6258,
title = "A theoretical analysis of the role of social networks in entrepreneurship",
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.",
keywords = "Entrepreneurship, Innovation, Social networks, Technology",
author = "Leyden, {Dennis P.} and Link, {Albert N.} and Donald Siegel",
year = "2014",
month = "1",
day = "1",
doi = "10.1016/j.respol.2014.04.010",
language = "English (US)",
volume = "43",
pages = "1157--1163",
journal = "Research Policy",
issn = "0048-7333",
publisher = "Elsevier",
number = "7",

}

TY - JOUR

T1 - A theoretical analysis of the role of social networks in entrepreneurship

AU - Leyden, Dennis P.

AU - Link, Albert N.

AU - Siegel, Donald

PY - 2014/1/1

Y1 - 2014/1/1

N2 - 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.

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.

KW - Entrepreneurship

KW - Innovation

KW - Social networks

KW - Technology

UR - http://www.scopus.com/inward/record.url?scp=84902540434&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84902540434&partnerID=8YFLogxK

U2 - 10.1016/j.respol.2014.04.010

DO - 10.1016/j.respol.2014.04.010

M3 - Article

VL - 43

SP - 1157

EP - 1163

JO - Research Policy

JF - Research Policy

SN - 0048-7333

IS - 7

ER -