The Two Sides of the Story: Network Investments and New Venture Creation

Semrau, Thorsten; Werner, Arndt

doi:10.1111/j.1540-627x.2011.00348.x

Cited by 34 publications

(18 citation statements)

References 81 publications

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“…SC in the literature has so far been looked at from its structural and relational dimensions with articles often making use of networking theory. Researchers are looking at the scale and scope of networks, at tie-formation and on the cultural and cognitive closeness of the members (Elfring and Hulsink 2007;Granovetter 1983;Kreiser 2011;Mahmood, Zhu, and Zajac 2011;Massolution 2013;Phelps, Heidl, and Wadhwa 2012;Semrau and Werner 2012). However, this article looks specifically at the value of the various forms of capital and less at the structure or relations.…”

Section: Sc and Entrepreneurshipmentioning

confidence: 95%

The formation and interplay of social capital in crowdfunded social ventures

Lehner

2014

Entrepreneurship & Regional Development

107

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The multi-levelled processes taking place in Crowdfunding (CF), when tapping a large heterogeneous crowd for resources, and the often fundamentally different intentions of individual crowd members in the case of highly desirable social ventures with little prospect for economic gains, may lead to a different logic and approach to how entrepreneurship develops. Using this under-institutionalized sphere as both, context and subject, the author seeks evidence and a new understanding of entrepreneurial routes by using the sociological perspectives of Bourdieus' four forms of capital as a lens on 36 cases of social ventures. In the cases, opportunity recognition, formation and exploitation could not be distinguished as separate processes. CF and sourcing help form the actual opportunity and disperse information at the same time. In addition, the 'nexus' of opportunity and entrepreneur is breached in CF of social causes through the constant exchange of ideas with the crowd, leading to norm-value pairs between the funders and the entrepreneurs. Issues of identification and control are thus not based upon any formal relationship but based on perceived legitimization and offered democratic participation leading to the transformation of social capital (SC) into economic capital (EC). Success is based upon the SC of the entrepreneurial teams, yet the actual resource exchange and transformation into EC is highly moderated by cultural and symbolic capital that is being built up through the process.

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Section: Sc and Entrepreneurshipmentioning

confidence: 95%

The formation and interplay of social capital in crowdfunded social ventures

Lehner

2014

Entrepreneurship & Regional Development

107

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“…Jayawarna et al . 2011; Lu and Hwang 2010; Semrau and Werner 2012) have shown the importance of social capital to ease access to bootstrapped resources and to explain organizational performance. Studies indicate the relevance of the size of informal inter‐firm networks (i.e.…”

Section: New Venture Survival: Analysis Of the Literaturementioning

confidence: 99%

New Venture Survival: A Review and Extension

Soto-Simeone

Sirén

Antretter

2020

Int J Management Reviews

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This paper provides an evaluative overview of the new venture survival literature. Since Stinchcombe's primary attempt to explain the mortality rates of new ventures, different research fields, including entrepreneurship, management and sociology, have devoted considerable attention to the antecedents of new venture survival. Despite this lively research commitment, a comprehensive review of the literature on new venture survival-as one of the most essential performance measures for new ventures-is missing. Covering 54 years of research, this paper provides an overview of the factors affecting new venture survival and highlights important methodological aspects in this research field. The review concludes by discussing opportunities for future research.

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“…The argument is that the mere existence of a relationship says nothing or little about its quality -and hence little about the firm's access to others' resources. The quality of the relationship is, in fact, crucial in motivating members of a network to share their resources and is only achieved through a high degree of interaction frequency and interaction intensity over time (Semrau and Werner, 2012 (Persson, 2008, p. 40) The underlying philosophy of our research design is therefore underpinned by the relational character of networks. It is based on the idea of social embeddedness (Granovetter, 1985).…”

Section: Network As the Theoretical Point Of Departurementioning

confidence: 99%

Sponsor networks and business relations orchestrated by team sports clubs

Wagner

Persson

Overbye

2017

SBM

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Purpose The purpose of this paper is to investigate firms’ reasons and motives for becoming sponsors and how they benefit from this networking engagement by exploring sponsorship networks associated with two Danish team sport clubs – a Premier League football club and a second-division handball club. Design/methodology/approach Two online surveys were conducted with firms associated with the networks during the Autumn and Winter of 2013/2014 (n=116). The questionnaire was theoretically anchored in the existing sponsorship literature, business network research, and social capital theory. Findings The results show that business logics were the dominating reasons for joining the network. A large proportion of the respondents reported having increased their number of business (32 percent) and social (26 percent) relations with other network members after joining the network. Furthermore, 37 percent of the respondents reported having made business agreements with companies external to the network via network contacts, which supports ideas of bridging social capital. More than half the respondents (59 percent) preferred doing business with network members rather than with non-members. Originality/value By investigating a local and regional sport club context, the paper adds to our knowledge about sponsorship networks. It emphasizes the potential importance of team sport clubs for the business landscape, thus maintaining that sport clubs fulfill an important role for local communities beyond being mere entertainment industries.

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The Two Sides of the Story: Network Investments and New Venture Creation

Cited by 34 publications

References 81 publications

The formation and interplay of social capital in crowdfunded social ventures

The formation and interplay of social capital in crowdfunded social ventures

New Venture Survival: A Review and Extension

Sponsor networks and business relations orchestrated by team sports clubs

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