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A Theoretical Analysis of the Role of Social Networks in Entrepreneurship

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  • Leyden, Dennis P.

    ()
    (University of North Carolina at Greensboro, Department of Economics)

  • Link, Albert N.

    ()
    (University of North Carolina at Greensboro, Department of Economics)

  • Siegel, Donald S.

    ()
    (University at Albany, SUNY)

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.

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File URL: http://bae.uncg.edu/assets/research/econwp/2013/13-22.pdf
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Bibliographic Info

Paper provided by University of North Carolina at Greensboro, Department of Economics in its series Working Papers with number 13-22.

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Length: 24 pages
Date of creation: 17 Dec 2013
Date of revision:
Handle: RePEc:ris:uncgec:2013_022

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Postal: Box 26165, Greensboro, NC 27402-6165
Phone: (336) 334-5463
Fax: (336) 334-4089
Web page: http://www.uncg.edu/bae/econ/
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Keywords: Entrepreneurship; Social networks; Innovation; Technology;

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Cited by:
  1. Leyden, Dennis & Link, Albert, 2014. "Toward a Theory of the Entrepreneurial Process," Working Papers, University of North Carolina at Greensboro, Department of Economics 14-4, University of North Carolina at Greensboro, Department of Economics.

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