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

Research output: Contribution to journalArticleAcademicpeer-review


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
Article number1042258720913022
Number of pages34
JournalEntrepreneurship Theory & Practice
Publication statusE-pub ahead of print - 2021


  • entrepreneurship
  • new ventures
  • start-up
  • social capital

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