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Entrepreneurs’ network evolution-The relevance of cognitive social capital
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Banking and Finance, Cefin.
2015 (English)In: International Journal of Entrepreneurial Behaviour & Research, ISSN 1355-2554, E-ISSN 1758-6534, Vol. 21, no 2, 197-223 p.Article in journal (Refereed) Published
Abstract [en]

Purpose-The purpose of this paper is to investigate entrepreneurs’ network evolution in the start-up phase. Design/methodology/approach-Based on the case studies of six fashion start-up firms, this study uses a three-dimensional perspective on social capital (structural, relational, cognitive) to investigate entrepreneurs’ network evolution (i.e. initiation of new relationships) in the start-up phase so as to acquire resources and support for firms’ goals. The study focuses particularly on the understudied cognitive dimension of social capital. The fashion industry provides a relevant research setting because it is characterised by changes in demand, which generate opportunities for entrepreneurship. Findings-The findings show that the display of cognitive attributes is important for the creation of structural social capital (the establishment of new relationships). The findings also indicate that relationships initiated based on the cognitive dimension have a high probability of developing into embedded relationships, thereby becoming high in the relational dimension and providing access to private information containing referrals to other actors. Thus, these relationships also promote the continued development of the structural dimension. Originality/value-The findings imply that the entrepreneurs’ sets of cognitive attributes constitute an important asset in the creation of social capital. They also point to the importance of signalling these values to potential resource holders. Relationships initiated through the display of cognitive attributes can provide resources without requiring immediate economic remuneration.

Place, publisher, year, edition, pages
2015. Vol. 21, no 2, 197-223 p.
Keyword [en]
Case study, Cognitive dimension, Entrepreneurs, Network evolution, Social capital, Start-ups
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-166881DOI: 10.1108/IJEBR-09-2013-0147ISI: 000373692700003Scopus ID: 2-s2.0-84927699618OAI: oai:DiVA.org:kth-166881DiVA: diva2:817984
Note

QC 20150608

Available from: 2015-06-08 Created: 2015-05-21 Last updated: 2017-12-04Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
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  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
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  • nn-NB
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  • Other locale
More languages
Output format
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  • asciidoc
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