The entrepreneurial process does not take place in a vacuum but is deeply embedded in its context, such as where a would-be entrepreneur lives. We analyse how regional social capital influences the entrepreneurial process. Our analysis of more than 22,000 individuals living in 110 regions across 22 European countries suggests that regional social capital is positively associated with entrepreneurship, but at different stages to different degrees. Regional social capital helps would-be entrepreneurs formally launch their venture, but it is not associated with initial interest, nor with venture survival after establishment.
|Series||Policy Brief - Entrepreneurship in Focus|