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Roles of Social Capital in Venture Creation: Key Dimensions and Research Implications

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  • Jianwen Liao
  • Harold Welsch

Abstract

This study was built upon Nahapiet and Ghoshal's three dimensions of social capital—structural, relational, and cognitive. It addresses three research questions: (1) Are there significant differences in social capital between nascent entrepreneurs and the general public (control group)? (2) Are there significant differences in social capital between technology and nontechnology nascent entrepreneurs? (3) How do the three dimensions of social capital interact among themselves across different sample groups? These questions were examined by using the Panel Study of Entrepreneurial Dynamics data set. Results suggest that there are no significant differences in various dimensions of social capital between nascent entrepreneurs and the general public. What differentiates the two groups is not the amount of social capital but the patterns of association among its different dimensions. Additionally, the authors found that technology‐based nascent entrepreneurs tend to have a higher degree of relational capital than their nontechnology counterparts. Implications and future research directions are discussed.

Suggested Citation

  • Jianwen Liao & Harold Welsch, 2005. "Roles of Social Capital in Venture Creation: Key Dimensions and Research Implications," Journal of Small Business Management, Taylor & Francis Journals, vol. 43(4), pages 345-362, October.
    • Handle: RePEc:taf:ujbmxx:v:43:y:2005:i:4:p:345-362
    DOI: 10.1111/j.1540-627X.2005.00141.x
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    Cited by:

    1. Syed Abid Hussain & Mohd Shamim & Zubair Ahmad Sofi & Mohd Yasir Arafat & Aamir Hassan, 2022. "Drivers of venture creation in agricultural sector: a GEM data-based study," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 12(1), pages 371-384, December.
    2. Lee, Hyeonsuh, 2023. "Unraveling the effect of pre-entry knowledge of founders on experimentation in nascent industries: A configurational approach," Journal of Business Research, Elsevier, vol. 167(C).
    3. Mansi Singh & Sanjay Dhir & Harsh Mishra, 2023. "Analysing the Antecedents of Entrepreneurial Bootstrapping and Bricolage: A Modified Total Interpretive Structural Modelling and MICMAC Approach," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 32(1), pages 7-38, March.
    4. Staniewski, Marcin W. & Awruk, Katarzyna & Leonardi, Giuseppe, 2023. "Entrepreneur's Family Communication Questionnaire — Psychometric properties of the tool," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    5. Miguel Ángel Montañés-Del-Río & José Aurelio Medina-Garrido, 2020. "Determinants of the Propensity for Innovation among Entrepreneurs in the Tourism Industry," Sustainability, MDPI, vol. 12(12), pages 1-18, June.
    6. Bambang Rudito & Melia Famiola & Prameshwara Anggahegari, 2022. "Corporate Social Responsibility and Social Capital: Journey of Community Engagement toward Community Empowerment Program in Developing Country," Sustainability, MDPI, vol. 15(1), pages 1-12, December.
    7. Mateja Vadnjal & Jaka Vadnjal & Brina Vadnjal, 2023. "Social capital and woman entrepreneurs: the characteristics of social capital among woman entrepreneurs across different life stages," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 41(2), pages 477-498.
    8. Pindado, Emilio & Sánchez, Mercedes & García Martínez, Marian, 2023. "Entrepreneurial innovativeness: When too little or too much agglomeration hurts," Research Policy, Elsevier, vol. 52(1).
    9. Maribel Guerrero & Radzivon Marozau, 2023. "Assessing the influence of institutions on students’ entrepreneurial dynamics: evidence from European post-socialist and market-oriented economies," Small Business Economics, Springer, vol. 60(2), pages 503-519, February.
    10. Qin, Xionghe & Wang, Xueli & Kwan, Mei-Po, 2023. "The contrasting effects of interregional networks and local agglomeration on R&D productivity in Chinese provinces: Insights from an empirical spatial Durbin model," Technological Forecasting and Social Change, Elsevier, vol. 193(C).

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