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The Role Of 'Professional Advisors On Financial Matters' In Entrepreneurial Networks

Author

Listed:
  • KIM KLYVER

    (Department of Entrepreneurship & Relationship Management, University of Southern Denmark, Denmark)

  • KEVIN HINDLE

    (Centre for Entrepreneurship Innovation and Community, Deakin University, Australia;
    University of Southern Denmark, 221 Burwood Highway, Burwood VIC 3125, Australia)

Abstract

This study investigated the influence that 'professional advisors on financial matters' have in comparison with other people with whom entrepreneurs discuss their venture. Based on follow-up surveys completed in relation to the Danish participation in the Global Entrepreneurship Monitor (GEM) survey, it was found that professional advisors on financial matters only play a minor role in the two early phases of the entrepreneurial process before the venture is actually started. It was further revealed that the ties between professional advisors on financial matters and entrepreneurs often are weaker than the ties entrepreneurs have with others in their discussion network. Two practical implications for professional advisors on financial matters emerged from the study.

Suggested Citation

  • Kim Klyver & Kevin Hindle, 2010. "The Role Of 'Professional Advisors On Financial Matters' In Entrepreneurial Networks," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 18(01), pages 1-27.
    • Handle: RePEc:wsi:jecxxx:v:18:y:2010:i:01:n:s0218495810000483
    DOI: 10.1142/S0218495810000483
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    References listed on IDEAS

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    1. van Damme, E.E.C., 2000. "Eerlijk delen," Other publications TiSEM b25da10f-89fc-48b6-866a-d, Tilburg University, School of Economics and Management.
    2. van Damme, E.E.C., 2000. "Nobelprijs voor nuttige econometrie," Other publications TiSEM 88c2ad26-cefa-4176-bdc7-b, Tilburg University, School of Economics and Management.
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