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1 – 10 of over 30000Peter T. Gianiodis, Malcolm Muhammad and Wendy Chen
The root of urban poverty and inequality often results from limited economic opportunity. Yet, often this perception of lack of opportunity is centered on the early stages of new…
Abstract
The root of urban poverty and inequality often results from limited economic opportunity. Yet, often this perception of lack of opportunity is centered on the early stages of new venture formation, with only limited attention to venture growth and expansion. In this study, we explore the intersection of social venturing and community economic redevelopment to address this gap in the literature. We examine how venturing under conditions of limited economic opportunities occurs not just at the formation stages but also throughout the venturing life cycle. Specifically, we examine how ventures formed in distressed, urban neighborhoods face unique challenges when scaling up their operations. These challenges relate to securing and leveraging four types of capital: financial, physical, human, and social. We employ a case study methodology to examine these scaling challenges and the strategies the organization employed to overcome location disadvantages.
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Punita Bhatt and Levent Altinay
This paper aims to explore how social capital is leveraged in social innovations to overcome resource constraints. The paper reports on the findings from an exploratory study on…
Abstract
Purpose
This paper aims to explore how social capital is leveraged in social innovations to overcome resource constraints. The paper reports on the findings from an exploratory study on the social innovation process within Indian social entrepreneurial ventures (SEVs) developed in a resource constrained environment.
Design/methodology/approach
This study adopts an interpretive case study approach to investigating social innovation that enables researchers to identify the cultural contexts within which social entrepreneurship emerges. Views of the social entrepreneurs and intrapreneurs were gathered through semi-structured interviews and observations.
Findings
Findings of the study demonstrated that there are distinctive stages of the social innovation process. The stages of the process are initial phase: emergence of a social idea for a venture; development phase: building the social venture; and scaling phase: growing the social venture. These stages of the process lead to the identification of social needs as social entrepreneurial opportunities, then to the initiation, development and scaling of conjectured solutions generating economic and social value.
Practical implications
During the development stage of the social innovation, closer relationships with investors could help access scarce financial resources. Finally, in the scaling phase, greater involvement with the target beneficiaries can help reduce marketing and search-related costs for SEVs. Thus, greater engagement of beneficiaries throughout the social innovation process can help in the successful initiation, development and scaling of a social innovation.
Originality/value
First, this study identifies the distinctive stages of the social innovation process. Second, this study provides empirical evidence to support previous claims that social innovations develop in resource-constrained environments. Finally, this exploratory research has investigated social innovations in a developing country context – India.
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This study examined the effect that venture creation action has on the outcomes of nascent entrepreneurship. A conceptual model was developed which proposes action as a…
Abstract
This study examined the effect that venture creation action has on the outcomes of nascent entrepreneurship. A conceptual model was developed which proposes action as a fundamental mechanism in venture creation. Thus, action should rightly be considered as a means which transmits the effects of venture resource endowments on to venture creation outcomes. This conceptual model was empirically supported in a random sample of nascent ventures. Ventures with higher levels of human or social capital were found to be more active in venture creation. In turn, more active venture attempts were more likely to achieve improved venture creation outcomes. Further, human and social capital, on their own, exhibit little direct influence on the venture outcomes achieved. These findings confirm action's central place in the venture creation process.
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The sector of interdependent venture capital in France will be detailed henceforth. We will try to understand why its investments deserve to be called ‘interdependent’.
Kannadhasan M., Parikshit Charan, Pankaj Singh and Sivasankaran N.
The purpose of this paper is to examine the relationship of social capital with new venture creation, and whether self-efficacy plays a role in mediating the association between…
Abstract
Purpose
The purpose of this paper is to examine the relationship of social capital with new venture creation, and whether self-efficacy plays a role in mediating the association between social capital and new venture creation.
Design/methodology/approach
Data were collected from 375 entrepreneurs through cross-sectional survey in India. The study used partial least square path modeling to assess the relationships among the variables.
Findings
Findings reveal that social capital is positively related to new venture creation. The association of social capital and new venture creation is fully mediated by entrepreneurs’ self-efficacy.
Originality/value
The role of social capital in the success of new venture creations through self-efficacy is useful to the potential entrepreneurs and people who facilitate new venture creation in Indian context.
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Muhammed Abu Nasra and Amalya Oliver
This study examines the social and human capital of successful Arab and Jewish technological entrepreneurs in Israel, and explores how human and social capital differ between…
Abstract
Purpose
This study examines the social and human capital of successful Arab and Jewish technological entrepreneurs in Israel, and explores how human and social capital differ between technology-based industries.
Design/methodology/approach
A quantitative study was conducted using a sample of 1,184 technology-based ventures from two technology-based industries—life science (LS) and information technology (IT)—that were founded by Jewish and Arab entrepreneurs.
Findings
The results show that in the LS industry, successful Arab entrepreneurs possess higher human and social capital compared with Jewish entrepreneurs. However, in the IT industry, the Jewish entrepreneurs possess higher human and social capital. These findings reflect the deeper entrepreneurial challenges and opportunities regarding ethnic entrepreneurs' ability to break through technology-based industries. Future research directions are provided.
Originality/value
This study makes two contributions to the theoretical understanding of ethnic entrepreneurship and technology-based ventures. First, this study focuses on the impact of human and social capital on economic growth in the context of technological entrepreneurship in technology-based industries, since the ethnic entrepreneurship literature has mainly focused on traditional industries. Second, this study examines the effect of the founders' ethnicity, and explores how human and social capital factors vary across industries due to their specific contextual characteristics.
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Mark R. Mallon, Stephen E. Lanivich and Ryan L. Klinger
Sustainable Family Business Theory states that human, social, and financial capital are important for new family venture growth, yet there may be multiple combinations that could…
Abstract
Purpose
Sustainable Family Business Theory states that human, social, and financial capital are important for new family venture growth, yet there may be multiple combinations that could be beneficial. The purpose of this paper is to examine whether all three types of resources are always needed for growth.
Design/methodology/approach
Fuzzy-set Qualitative Comparative Analysis, a configurational method, is used to investigate which combinations of human, social, and financial capital consistently lead to new family venture growth.
Findings
Multiple distinct combinations of resources – usually containing some form of human capital along with either social or financial capital – were sufficient for new family ventures to grow.
Research limitations/implications
The findings contribute to a more accurate Sustainable Family Business Theory in terms of the resource bundles needed to achieve growth. Not all three primary resources are needed at founding for the venture to grow. Results suggest a need for renewed focus on human capital in family venture research, as well as further investigations of the resource configurations uncovered here and their effects on family firm outcomes.
Practical implications
Given the costs associated with acquiring resources, the findings can inform family entrepreneurs and other stakeholders purposed with assisting new family ventures regarding optimal avenues of achieving growth.
Originality/value
This study advances theory by demonstrating which combinations of primary resources lead to new family venture growth. The findings shed light on how human, social, and financial capital may substitute for each other, as well as how the value of each depends on the presence or absence of the others.
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The purpose of this study is to understand the role of the migrant entrepreneur’s social capital and specifically their family social capital in the success of their crowdfunding…
Abstract
Purpose
The purpose of this study is to understand the role of the migrant entrepreneur’s social capital and specifically their family social capital in the success of their crowdfunding ventures.
Design/methodology/approach
This paper develops an exploratory single case study of the Persu Bag started by a Chinese migrant entrepreneur in the USA, which was documented through in-depth interviews, email communication, social media interactions and secondary documents publicly available. This paper draws on crowdfunding and social capital literature to fulfil the purpose and adopt the perspective of the migrant entrepreneur in the study.
Findings
The study shows that the crowdfunding migrant entrepreneur’s family network contributes with their operand and operant resources from both the country of residence and country of origin. Besides having financial capacity, institutional knowledge and experience from both the host and home countries, the family network in both countries make the crowdfunding immigrant entrepreneur’s families more resourceful, providing additional benefits to the crowdfunding migrant entrepreneurs in the development of the campaign and crowdfunded venture.
Originality/value
This study broadens the understanding of the ways migrant entrepreneurs can rely on their family social capital for building financial capacity and starting a crowdfunded venture.
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Zhenzhong Ma, Jinwei Zhu, Yong Meng and Ying Teng
Entrepreneurship research clearly documents the importance of human and social capital and stresses the way in which entrepreneurs take advantage of their own social affiliations…
Abstract
Purpose
Entrepreneurship research clearly documents the importance of human and social capital and stresses the way in which entrepreneurs take advantage of their own social affiliations and network strategies in pursuit of their entrepreneurial goals, yet the research on returnee entrepreneurs’ human and social capital is not sufficiently studied in the international context, in particular when returnees’ overseas human capital and social capital may be a misfit with local business environment. Using the data from Chinese returnee entrepreneurs’ venture activities in China, the purpose of this paper is to examine the impact of returnee entrepreneurs’ overseas capital (human and social) and domestic capital (human and social) on their venture performance in China, and further explore the interaction effect of different social and human capital with China’s entrepreneurial environment.
Design/methodology/approach
This study surveyed 500 start-up businesses created by returnee entrepreneurs in China to collect data. Self-administered questionnaires were used to collect data on their demographic information, the information about the human and social capital of these returnee entrepreneurs, including domestic and overseas capital, various performance measures, and other control variables ending up with 226 usable questionnaires.
Findings
The results show that Chinese returnee entrepreneurs’ overseas human capital and social capital, as well as their domestic social capital, but not domestic human capital, have a significant impact on their venture performance. In addition, while domestic entrepreneurial environment does not affect the impact of overseas human and social capital on venture performance, it does provide an important contextual setting for domestic capital to improve returnee entrepreneurs’ venture performance.
Originality/value
The findings help enrich the understanding of the dynamic interplays among Chinese returnee entrepreneurs’ domestic human capital and social capital, overseas human capital, and social capital, as well as the entrepreneurial environment for returnee entrepreneurs’ success, which makes an important contribution to the international entrepreneurship theory by showing that overseas human capital and social capital are not a misfit with local markets. It also provides empirical support for the mediating effect of entrepreneurial opportunity identification. The important role of entrepreneurial opportunity is empirically supported in an international context: entrepreneurship is all about the discovery of entrepreneurial opportunities and exploitation of this opportunity to create viable business entities for new products and services, even in the Chinese context, a culture which is very different from the ones where the entrepreneurship theory was developed.
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The purpose of this paper is to examine the role of the entrepreneur’s social capital and cognitive orientation in new venture innovation.
Abstract
Purpose
The purpose of this paper is to examine the role of the entrepreneur’s social capital and cognitive orientation in new venture innovation.
Design/methodology/approach
The specific research questions are what impact the entrepreneur’s social capital has on his or her cognitive orientation in new product development; and to what extent and how social capital is dependent on the entrepreneur’s cognitive orientation in the new venture innovation performance. Data were collected in a survey conducted in multiple waves on a sample of approximately 1,400 new ventures in the USA. Social capital is measured by the position generator method. Cognitive orientation is measured by the causal mapping method. Regression analysis was used to test the hypotheses.
Findings
The results indicate that the entrepreneur’s strong social ties with the scientific community and technology-orientated cognition drive research collaborations and ultimately contribute to new venture innovation.
Research limitations/implications
Possible limitations are the low survey response rate, the spread of industries involved and respondents being the sole data source. Future research could use multiple data sources, increase the response rate by using other methods such as interviews and focus on a single industry or a set of related industries.
Practical implications
The findings of this study can guide entrepreneurs to manage their social relationships actively. Entrepreneurs should proactively build strong ties with the scientific community at the start-up stage to improve their firms’ innovation performance. In the domain of public policy, initiatives such as encouragement of cooperation between universities and entrepreneurs may help to create new venture innovations and stimulate the regional economy.
Originality/value
This study contributes to the research on innovation and entrepreneurship by exploring the interrelationships among entrepreneurs’ social capital, cognitive orientation and new venture innovation. It found that entrepreneurs’ social capital at the start-up stage influences the characteristics of their cognitive orientation in new product development and ultimately new venture innovation. It also revealed how entrepreneurs think about new product success through cognitive mapping techniques.
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