Resilience after a large firm's closure: the role of place leadership, local resources, and social capital in the transformation of an Entrepreneurial Ecosystem

Janna Alvedalen ()
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Janna Alvedalen: CIRCLE, Lund University, Postal: CIRCLE - Centre for Innovation Research, Lund University, PO Box 117, SE-22100 Lund, Sweden

No 2021/8, Papers in Innovation Studies from Lund University, CIRCLE - Centre for Innovation Research

Abstract: Studies have argued for the pivotal role of large firms in Entrepreneurial Ecosystems (EE). The sudden closure of large firms can be expected to have a substantial negative impact on an EE. This paper investigates the resilience of an EE in the aftermath of a large firm exit in the Lund region. A qualitative case study shows how agency and resources turned the local EE into a dynamic center for Life Sciences. Factors that contributed to the resilience of the EE in Lund were entrepreneurial place leadership, local resources, and social capital. The study provides a framework to understand the transformation of an EE after a crisis.

Keywords: entrepreneurial ecosystem; resilience; place leadership; social capital; entrepreneurship; closure of large firm (search for similar items in EconPapers)
JEL-codes: L26 M21 O33 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2021-08-20
New Economics Papers: this item is included in nep-bec, nep-ent, nep-isf, nep-sbm and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:lucirc:2021_008

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