Institutional polycentrism, entrepreneurs' social networks, and new venture growth
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In this paper, the authors examined the relationship between formal institutions, social networks, and new venture growth and found that weak and inefficient formal institutions are associated with a larger number of structural holes in entrepreneurial social networks.Abstract:
What is the interrelationship among formal institutions, social networks, and new venture growth? Drawing on the theory of institutional polycentrism and social network theory, we examine this question using data on 637 entrepreneurs from four different countries. We find the confluence of weak and inefficient formal institutions to be associated with a larger number of structural holes in entrepreneurial social networks. While the effect of this institutional order on the revenue growth of new ventures is negative, a network's structural holes have a positive effect on revenue growth. Furthermore, the positive effect of structural holes on revenue growth is stronger in an environment with a more adverse institutional order (i.e., weaker and more inefficient institutions). The contributions and implications of these findings are discussed.read more
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References
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Confucian Capitalism and the Paradox of Closure and Structural Holes in East Asian Firms
Sun Ki Chai,Mooweon Rhee +1 more
TL;DR: In this paper, a culture-embedded rational model of action is integrated into the social network model of structure, using this not only to re-examine the closure versus structural hole debate, but also to tie it to the literature on Confucian capitalism and the "East Asian Model" of the firm.
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International Differences in Entrepreneurship
Josh Lerner,Antoinette Schoar +1 more
TL;DR: In this paper, the authors focus on the differences in the growth of entrepreneurship among countries in various stages of development, and explain how a country's institutional differences and cultural considerations can affect the role that entrepreneurs play in its economy.
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International entrepreneurship: managerial and policy implications
TL;DR: An overview of the literature on international entrepreneurship can be found in this paper, where the authors adopt a broad perspective on entrepreneurship consistent with the notion that entrepreneurship refers to how opportunities to create future goods and services are discovered, evaluated, and exploited.
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Can activating labour market policy offset the detrimental life satisfaction effect of unemployment
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Editorial: Perspectives on Partial Least Squares
TL;DR: This Handbook on Partial Least Squares represents a comprehensive presentation of the current, original and most advanced research in the domain of PLS methods with specific reference to their use in Marketing-related areas and with a discussion of the forthcoming and most challenging directions of research and perspectives.