The role of social capital in the growth of innovative nascent firms: the moderating effect of incubators

Valerie Francois (), Christophe Lafaye () and Matthieu Belarouci ()
Additional contact information
Christophe Lafaye: LARSH - Laboratoire de Recherche Sociétés & Humanités - UPHF - Université Polytechnique Hauts-de-France - INSA Hauts-De-France - INSA Institut National des Sciences Appliquées Hauts-de-France - INSA - Institut National des Sciences Appliquées
Matthieu Belarouci: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique

Post-Print from HAL

Abstract: The concept of social capital is increasingly used in entrepreneurship studies to explain the growth of innovative nascent firms. However, empirical findings about the role of social capital (SC) in the growth of young firms have been contradictory to date. We focused on the relational dimension of social capital and differentiated between internal social capital (ISC) and external social capital (ESC). We analysed the perceived utility which is rarely used in SC studies of resources received from the networks of innovative nascent firms in their first six years of existence. We implemented the two-stage least squares (2SLS) analysis to avoid the endogeneity bias. The results indicated that during the early years, nascent firms' external social capital is a decisive resource for growth. This was not the case for internal social capital. We observed that joining an incubator appears to have no impact on either growth or the relationship under study.

Keywords: Social capital; innovative nascent firm; incubator; growth (search for similar items in EconPapers)
Date: 2021
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02301947v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in International Journal of Entrepreneurship and Innovation Management, 2021, 25 (4-5), pp.326-345. ⟨10.1504/ijeim.2021.10042875⟩

Downloads: (external link)
https://shs.hal.science/halshs-02301947v1/document (application/pdf)

Related works:
Journal Article: The role of social capital in the growth of innovative nascent firms: the moderating effect of incubators (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-02301947

DOI: 10.1504/ijeim.2021.10042875

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().