Is individual social capital linked to the implementation of entrepreneurial intentions?
The present study reveals the role of individual social capital in the implementation of a person’s intention to start their own business and reveals how individual social capital contributes to this action. The basic premise of our study is that individual social capital facilitates people’s implementation intention to start their own business. The sample consists of a group of respondents (N=269) who intended to start their own business (intenders) and another group (non-intenders) who did not intend to (N=270). We combined the reasoned action approach (Fishbein & Aizen, 2010) with the individual social capital approach (Van Der Gaag & Snijders, 2004) to study intention and implementation. The study showed that the intenders had more resources provided by formal (organizations and associations) and informal networks and relationships. These resources had a direct and indirect impact (through the perceived behavioral control) on their intention to start their own business. We concluded, that individual social capital can facilitate the implementation of entrepreneurial intention. A year later, we performed panel research and carried out another study by re-interviewing respondents who had expressed their intention to start their own business in the next 2 years. It was found that respondents who opened a business only a year later had higher social capital than those who did not. To explain the psychological mechanism underling the relation between intention and implementation, we use the term “the buffering effect of social support”, which means that people who feel potential support are less susceptible to stressful situations and circumstances than people who do not feel potential support.
|Date of creation:||2013|
|Date of revision:|
|Publication status:||Published in WP BRP Series: Sociology / SOC, September 2013, pages 1-28|
|Contact details of provider:|| Postal: Myasnitskaya 20, Moscow 101000|
Web page: http://www.hse.ru/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Read, Stuart & Song, Michael & Smit, Willem, 2009. "A meta-analytic review of effectuation and venture performance," Journal of Business Venturing, Elsevier, vol. 24(6), pages 573-587, November.
- Ajzen, Icek, 1991. "The theory of planned behavior," Organizational Behavior and Human Decision Processes, Elsevier, vol. 50(2), pages 179-211, December.
- Kwon, Seok-Woo & Arenius, Pia, 2010. "Nations of entrepreneurs: A social capital perspective," Journal of Business Venturing, Elsevier, vol. 25(3), pages 315-330, May.
- André van Stel & Roy Thurik & Sander Wennekers & Martin Carree, 2010.
"The relationship between entrepreneurship and economic development: is it U-shaped?,"
Scales Research Reports
H200824, EIM Business and Policy Research.
- Wennekers, Sander & van Stel, André & Carree, Martin & Thurik, Roy, 2010. "The Relationship between Entrepreneurship and Economic Development: Is It U-Shaped?," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 6(3), pages 167-237, July.
- Zoltan Acs & Sameeksha Desai & Jolanda Hessels, 2008. "Entrepreneurship, economic development and institutions," Small Business Economics, Springer, vol. 31(3), pages 219-234, October.
- KruegerJR, Norris F. & Reilly, Michael D. & Carsrud, Alan L., 2000. "Competing models of entrepreneurial intentions," Journal of Business Venturing, Elsevier, vol. 15(5-6), pages 411-432.
- Bauernschuster, Stefan & Falck, Oliver & Heblich, Stephan, 2010.
"Social capital access and entrepreneurship,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 76(3), pages 821-833, December.
- Bauernschuster, Stefan & Falck, Oliver & Heblich, Stephan, 2010. "Social capital access and entrepreneurship," Munich Reprints in Economics 20137, University of Munich, Department of Economics.
- Stefan Bauernschuster & Oliver Falck & Stephan Heblich, 2010. "Social Capital Access and Entrepreneurship," Post-Print hal-00911835, HAL.
- Verhaeghe, Pieter-Paul & Tampubolon, Gindo, 2012. "Individual social capital, neighbourhood deprivation, and self-rated health in England," Social Science & Medicine, Elsevier, vol. 75(2), pages 349-357.
- Anderson, Alistair R. & Miller, Claire J., 2003. ""Class matters": human and social capital in the entrepreneurial process," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(1), pages 17-36, March.
- Stephen Knack & Philip Keefer, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, Oxford University Press, vol. 112(4), pages 1251-1288.
- Powell, Gary N. & Eddleston, Kimberly A., 2013. "Linking family-to-business enrichment and support to entrepreneurial success: Do female and male entrepreneurs experience different outcomes?," Journal of Business Venturing, Elsevier, vol. 28(2), pages 261-280.
When requesting a correction, please mention this item's handle: RePEc:hig:wpaper:25/soc/2013. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shamil Abdulaev)or (Victoria Elkina)
If references are entirely missing, you can add them using this form.