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A social capital model of high growth ventures

Author

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  • Michael Lubatkin

    (EM - EMLyon Business School)

  • John Florin
  • William S. Schulze

Abstract

We use social capital theory to explain how human and social capital affect a venture's ability to accumulate financial capital during its growth stages (before an initial public offering) and its performance during the two-year period after going public. Consistent with theory, data drawn from a sample of 275 ventures that went public indicate that social capital leverages the productivity of a venture's resource base and provides the venture with a durable source of competitive advantage.

Suggested Citation

  • Michael Lubatkin & John Florin & William S. Schulze, 2003. "A social capital model of high growth ventures," Post-Print hal-02276699, HAL.
    • Handle: RePEc:hal:journl:hal-02276699
    Note: View the original document on HAL open archive server: https://hal.science/hal-02276699
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    References listed on IDEAS

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