An entrepreneur's social capital and performance

Fornoni, Mariel; Arribas, Iván; Vila, José

doi:10.1108/09534811211254572

Cited by 37 publications

(12 citation statements)

References 60 publications

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“…Human capital is another key strategic resource for companies to achieve competitive advantages, is becoming even more relevant than traditional sources of success, such as technology and products, markets, financial resources and economies of scale (Fornoni et al, 2012;Warren and Hutchinson, 2000). Consequently, a company that pursues success should pay particular attention to the training of employees, to their knowledge and to experience.…”

Section: Purpose Of the Research And Development Of Hypothesesmentioning

confidence: 99%

Entrepreneurial orientation and performance of SMEs in the services industry

Rodríguez-Gutiérrez

Moreno

Tejada

2015

Journal of Organizational Change Management

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Purpose – The purpose of this paper is to examine both the sources of competitiveness of small and medium- sized enterprises (SMEs) in the services industry measured by their capability to grow, and the relative importance of each of these sources. More specifically, the resources and capabilities of Spanish SMEs in the services industry that may become sources of competitive advantage are analysed. Design/methodology/approach – In order to achieve this objective, this paper is organized as follows. First, a concise overview of prior research on determinants of performance of SMES is provided, outlining the role of factors regarding resources and capabilities. Second, a set of lineal regression models are performed to test the hypothesis research. In line with several previous studies, competitive success and performance of the company are approached through the recent evolution of firms in terms of employment, turnover and productive investment. The data set comes from a survey on Spanish SMEs operating in the services industry that was carried out between the end of 2010 and the beginning of 2011. Findings – The findings reveal that entrepreneur characteristics, firm features and managerial attributes have significant effect on the business performance. The results from the empirical analysis indicate that competitive success of the Spanish SMEs in the service industry is conditioned by macroeconomic and social factors related to the general business environment and especially by business factors concerning the entrepreneurial orientation of the firm, these findings are consistent with those of earlier research conducted at both an international level a national level. Originality/value – The fundamental contribution of SMEs to the overall performance of the economy constitutes a crucial motive for researchers to investigate and examine the key success factors behind these enterprises. This issue has been analysed exhaustively for the manufactured goods industry, but has scarcely been addressed for the services industry. Thus, further research is needed to clarify the variables explaining survival and success for services SMEs. Furthermore, since this research is focused on the microeconomic level, by considering the firm as the unit of analysis, it contributes towards complementing previous research on this topic that has been conducted from a macroeconomic approach. Thus it attempts to provide certain empirical evidences for support the traditional academic debate between economic and administrative disciplines concerning the appropriate unit of analysis for the understanding and explanation of businesses competitiveness.

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Section: Purpose Of the Research And Development Of Hypothesesmentioning

confidence: 99%

Entrepreneurial orientation and performance of SMEs in the services industry

Rodríguez-Gutiérrez

Moreno

Tejada

2015

Journal of Organizational Change Management

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“…The study's instrument consisted of 21 items that captured the essence of ATE, SNs, PBC and EI. Regarding social capital, this study adapted a modified version of social capital developed by Fornoni et al (2012), consisting of four items on SSC, four on RSC and three on CSC. All variables were measured using a five-point Likert scale, with one denoting "strongly disagree" and five denoting "strongly agree".…”

Section: Scale Measurementmentioning

confidence: 99%

Heterogeneous social capital influencing entrepreneurial intention among female business students in the Maldives

Hassan,

Poon,

Hussain

2023

JEEE

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Purpose This study aims to acknowledge the social capital challenges faced by female entrepreneurs in Small Island Developing States (SIDS), specifically the Maldives. As budding female entrepreneurs in a predominantly traditional culture are somewhat limited in their quest for economic empowerment, this study aims to clarify the role of social capital dimensions – structural, relational and cognitive – in shaping entrepreneurial intentions among women in the Maldives. Design/methodology/approach Data were gathered from 325 female business students from ten tertiary educational institutions in the Maldives. After establishing its validity and reliability, the data were analysed using partial least squares structural equation modelling, including hypothesis testing. Findings Structural social capital (SSC) has a significant positive influence on attitude (ATE), subjective norms (SNs), perceived behavioural control (PBC) and entrepreneurial intention (EI). Relational social capital (RSC) has a significant positive influence on ATE and SNs and a significant negative influence on PBC and EI; cognitive social capital (CSC) has a significant positive influence on ATE, SNs and PBC, but does not significantly influence EI. Additionally, ATE, SNs and PBC are significantly associated with EI. The results also show that the indirect and direct effects through the mediation of ATE, SNs and PBC are significant in the relationship between SSC, RSC and EI. Furthermore, this study reveals an indirect effect on the relationship between CSC and EI. Research limitations/implications The findings outline the intricate mechanism by which social capital influences EI. These findings provide useful insights for establishing policies and organising relevant programmes to promote female entrepreneurship in SIDS. Originality/value To the best of the authors’ knowledge, this study is one of the first to examine the role of social capital in a unique setting, such as SIDS. Moreover, this study integrates the heterogeneous role of social capital into the female EI model. This highlights the urgency of developing relevant social capital among women to promote EI.

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“…Financial, human, and social capital enables firms to access financial resources (Atsan, 2016). Further, entrepreneurs' social capital enhances financial, marketing, production, and information access (Fornoni et al, 2012). Improved human capital significantly increases firm performance (Al-Sharafat, 2017).…”

Section: Introductionmentioning

confidence: 99%

Is There a Differeance Performance Between Industry Base Smes in The Sarbagita Bali ? : A Comparative Approach

Yuliarmi

Dewi

Rustariyuni

2023

Return

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This study seeks to: 1) analyze differences in social capital, human resources, and financing sources of small and medium enterprises (SMEs) based on the industry in the Sarbagita Area, Bali Province; 2) analyze performance differences among SMEs based on the industry in the Sarbagita Area, Bali Province. By using a location-stratified random sampling technique to determine the number of samples and accidental sampling to determine respondents, this study used 203 SME business units. We used both primary and secondary data sources to generate quantitative and qualitative data. Data was ge rated by non-behavior observations, structured interviews, and in-depth interviews. The study then analyzed the data using the ANOVA analysis. The results show that: 1) the manufacturing and trade industries have different social capital; there is a difference in human resources between the trade and service Industries; the manufacturing and service industries have different financing sources, especially for internal financing sources while other financing sources do not exhibit different significant difference; 2) SMEs in the manufacturing and trade industries have different performance. Based on the results, this study suggests that: 1) SMEs need to rely on not only internal financing sources because external financing is sufficiently available with affordable interest rates; 2) SME owners need to enhance their networks with their fellow entrepreneurs or with their suppliers to improve their business performance.

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An entrepreneur's social capital and performance

Cited by 37 publications

References 60 publications

Entrepreneurial orientation and performance of SMEs in the services industry

Entrepreneurial orientation and performance of SMEs in the services industry

Heterogeneous social capital influencing entrepreneurial intention among female business students in the Maldives

Is There a Differeance Performance Between Industry Base Smes in The Sarbagita Bali ? : A Comparative Approach

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