Social networks and the geography of entrepreneurship

Olav Sorenson

Small Business Economics, 2018, vol. 51, issue 3, No 2, 527-537

Abstract: Abstract Social relationships play at least three important roles in entrepreneurship. They help to determine who sees entrepreneurship as an available and desirable career path. Entrepreneurs use their contacts to raise funds for and to recruit employees and partners to their ventures. Social relationships also influence where and when entrepreneurs want to spend their leisure time. Because of these factors, entrepreneurs tend to found their firms in the places that they live (and in the industries in which they have been employed). That, in turn, implies that industries will tend to become and remain concentrated in a small number of places, even when firms do not benefit from this clustering.

Keywords: Agglomeration; Clusters; Economic geography; Entrepreneurship; Social networks (search for similar items in EconPapers)
JEL-codes: L14 L26 R1 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (30)

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DOI: 10.1007/s11187-018-0076-7

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