A Theoretical Analysis of the Role of Social Networks in Entrepreneurship

Dennis Leyden, Albert Link and Donald Siegel

No 13-22, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: Entrepreneurship involves innovation and uncertainty. We outline a theory of entrepreneurship, which highlights the importance of social networks in promoting innovation and reducing uncertainty. Our findings suggest that this “social” aspect of entrepreneurship increases the probability of entrepreneurial success. The results also lend credence to theories of entrepreneurship that suggest that entrepreneurial opportunities are formed endogenously by the entrepreneurs who create them. We also consider the public policy implications of our findings.

Keywords: Entrepreneurship; Social networks; Innovation; Technology (search for similar items in EconPapers)
JEL-codes: O31 O32 O33 O38 Z13 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2013-12-17
New Economics Papers: this item is included in nep-cse, nep-cwa, nep-ent, nep-ino, nep-net and nep-soc
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Citations: View citations in EconPapers (6)

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Journal Article: A theoretical analysis of the role of social networks in entrepreneurship (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:uncgec:2013_022

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