The Changing Role of Social Capital During the Venture Creation Process: A Multilevel Study

Johannes Kleinhempel*, Sjoerd Beugelsdijk, Mariko J. Klasing

*Corresponding author for this work

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We assess how social capital relates to individuals’ initial interest in becoming an entrepreneur, formally setting up a venture, and subsequent survival of the venture. Conceptualizing and measuring entrepreneurship as a sequential process inferred from cross-sectional data for 22,878 individuals living in 110 regions across 22 European countries, we find that regional social capital is relevant for formally setting up a venture, but it is not associated with initial interest, nor with venture survival after establishment. By assuming variability and not uniformity in how social capital relates to entrepreneurship, we gain a better understanding of the contextual determinants of the venture creation process.
Original languageEnglish
JournalEntrepreneurship: Theory and Practice
Issue number2
Pages (from-to)297-330
Number of pages34
Publication statusPublished - Mar 2022
Externally publishedYes


  • Entrepreneurship
  • New ventures
  • Start-up
  • Social capital

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