Entrepreneurial network development: Trusting in the process |
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Authors: | Delmonize A. Smith Franz T. Lohrke |
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Affiliation: | a E. Philip Saunders College of Business, Rochester Institute of Technology, Rochester, NY 14623-5608, United States b School of Business, Samford University, 800 Lakeshore Drive, Birmingham, Alabama 35209, United States |
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Abstract: | An entrepreneur's network can provide a significant source of social capital, which, in turn, may increase a new venture's likelihood of success. Entrepreneurship research has frequently examined how such networks develop, and reviewing extant studies suggests that trust plays a significant role in this process. Despite its recognized importance, limited research exists examining how trust evolves during and interacts with the entrepreneur's venture network development. Accordingly, we propose that an entrepreneur's reliance on exchange relationships based on affective and cognitive trust will vary as the entrepreneur moves through the network development process. We conclude by discussing both the model's implications and future research avenues. |
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Keywords: | Entrepreneurial networks Affective trust Cognitive trust Social capital |
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