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Comparative social capital: Networks of entrepreneurs and investors in China and Russia

Bat Batjargal () and Bat Batjargal ()

No wp783, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: Most studies on entrepreneurs’ networks incorporate social capital and networks as independent variables that affect entrepreneurs’ actions and its outcomes. By contrast, this article examines social capital of the Chinese and Russian entrepreneurs and venture capitalists as dependent variables, and it examines entrepreneurs’ social capital from the perspectives of institutional theory and cultural theory. The empirical data are composed of structured telephone interviews with 159 software entrepreneurs, and the data of 124 venture capital decisions in Beijing and Moscow. The study found that social networks of the Chinese entrepreneurs are smaller in size, denser in structure, and more homogeneous in composition compared to networks of the Russian entrepreneurs due to the institutional and cultural differences between the two countries. Furthermore, the study revealed that dyadic (two-person) ties are stronger and interpersonal trust is greater in China than in Russia. The research and practical implications are discussed.

Keywords: Social capital; entrepreneurs; venture capitalists; China and Russia. (search for similar items in EconPapers)
JEL-codes: F23 G24 M13 (search for similar items in EconPapers)
Pages: pages
Date: 2005-07-01
New Economics Papers: this item is included in nep-cis, nep-cna, nep-ent, nep-fin, nep-sea, nep-soc and nep-tra
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