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Title:The use and effect of social capital in new venture creation: Solo entrepreneurs vs. new venture teams PDF Logo
Authors:Cantner, Uwe
Stützer, Michael
Issue Date:2010
Series/Report no.:Jena economic research papers 2010,012
Abstract:This paper examines the use of social capital in the venture creation process. We compare solo entrepreneurs (n=182) and new venture teams (n=274) from a random sample of start-ups in innovative industries and test social capital use and its effects on firm performance. Our results reveal that solo entrepreneurs and new venture teams do not differ in their degree of use of social capital. However, there are differences in the determinants of social capital use in both groups. We find that weak ties assist solo entrepreneurs and have positive significant effects on new venture performance. For team start-ups, we find no direct effect of social capital. However, further tests indicate for teams that human capital variety positively moderates the effect of social capital on performance.
Subjects:Entrepreneurship
Nascent entrepreneurship
Social capital
Start-up teams
Entrepreneurial learning
JEL:M13
L25
L26
D83
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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