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Entrepreneurship Capital: A Regional, Organizational, Team, and Individual Phenomenon


  • David Audretsch
  • Erik Monsen


We review the role entrepreneurship capital in regional economic performance and extend it to explain the economic and entrepreneurial performance of organizations, teams, and individuals. Drawing on entrepreneurship and social capital research, we demonstrate that researchers at different level of analysis are in fact modeling the same underlying multi-level concept: entrepreneurship capital. We identify elements of entrepreneurship capital at and across the levels. Where there are gaps, we suggest new directions for research, public policy, and management practice that focus on enhancing organizational, interpersonal, and personal factors which promote entrepreneurial action at and across regional, organizational, team, and individual levels.

Suggested Citation

  • David Audretsch & Erik Monsen, 2007. "Entrepreneurship Capital: A Regional, Organizational, Team, and Individual Phenomenon," Papers on Entrepreneurship, Growth and Public Policy 2007-06, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  • Handle: RePEc:esi:egpdis:2007-06

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    Cited by:

    1. Radosevic, Slavo & Yoruk, Esin, 2013. "Entrepreneurial propensity of innovation systems: Theory, methodology and evidence," Research Policy, Elsevier, vol. 42(5), pages 1015-1038.
    2. Aparna Katre & Paul Salipante, 2012. "Start–Up Social Ventures: Blending Fine–Grained Behaviors from Two Institutions for Entrepreneurial Success," Entrepreneurship Theory and Practice, , vol. 36(5), pages 967-994, September.
    3. Sang M. Lee & Marta Peris‐Ortiz & Rafael Fernández‐Guerrero, 2011. "Corporate entrepreneurship and human resource management: theoretical background and a case study," International Journal of Manpower, Emerald Group Publishing Limited, vol. 32(1), pages 48-67, March.
    4. Virginija Januškaitė & Lina Užienė, 2018. "Intellectual Capital as a Factor of Sustainable Regional Competitiveness," Sustainability, MDPI, vol. 10(12), pages 1-18, December.
    5. Massón Guerra, José Luis, 2007. "El capital empresarial como determinante de la productividad y el crecimiento en España [The Impact of Entrepreneurship Capital on Spanish's Labor Productivity and Economic Growth]," MPRA Paper 4073, University Library of Munich, Germany.
    6. Leitão, João & Franco, Mário, 2008. "Individual Entrepreneurship Capacity and Performance of SMEs," MPRA Paper 8179, University Library of Munich, Germany, revised 09 Apr 2008.
    7. Maribel Guerrero & Iñaki Peña-Legazkue, 2019. "Renascence after post-mortem: the choice of accelerated repeat entrepreneurship," Small Business Economics, Springer, vol. 52(1), pages 47-65, January.
    8. Belso-Martinez, Jose A. & Molina-Morales, F. Xavier & Mas-Verdu, Francisco, 2013. "Combining effects of internal resources, entrepreneur characteristics and KIS on new firms," Journal of Business Research, Elsevier, vol. 66(10), pages 2079-2089.
    9. Emilia Vázquez & Sofia Gomes & Elvira Vieira, 2011. "Entrepreneurship and Economic Growth in Spanish and Portuguese Regions," ERSA conference papers ersa10p1537, European Regional Science Association.

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    Entrepreneurship; Social Capital; Multilevel;
    All these keywords.

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