Nations of entrepreneurs: A social capital perspective |
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| Authors: | Seok-Woo Kwon Pia Arenius |
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| Affiliation: | 1. The Ohio State University, Fisher College of Business, Department of Management & Human Resources, Columbus, OH 43210, United States;2. Oklahoma State University, Spears School of Business, Department of Entrepreneurship, Stillwater, OK 74078, United States;3. Farmer School of Business at Miami University in Oxford, Ohio, United States;1. Texas Christian University, Neeley School of Business, TCU Box 298530, Fort Worth, TX 76129, USA;2. Concordia University, John Molson School of Business , 1450 Guy St, Montreal, QC H3H 0A1, Canada;1. Center for Entrepreneurship, University of St. Gallen, Dufourstrasse 40a, CH-9000 St. Gallen, Switzerland;2. ESADE Graduate School of Business, Avenida Pedralbes 60-62, 08034 Barcelona, Spain;3. WHU, Otto Beisheim School of Management, Vallendar 56179, Germany;4. Vlerick Business School and Ghent University, Reep 1, 9000 Ghent, Belgium |
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| Abstract: | This research examined the effects of social capital on entrepreneurial opportunity perception and weak tie investment using individual-level data from the Global Entrepreneurship Monitor linked with national-level data on social capital. Consistent with a social capital perspective, this study found that a resident of a country with higher generalized trust and breadth of formal organizational memberships was more likely to perceive entrepreneurial opportunities. A resident of a country with higher generalized trust was also more likely to invest in an entrepreneur with whom he or she had a weak personal tie than was a resident of a country with lesser generalized trust. |
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