Review paper
The Downside of Social Capital in New Industry Creation
Abstract
In this article we develop and test the hypothesis that social capital, defined as a regional characteristic, discourages entrepreneurship in a new and contested industry. The argument follows the logic that high levels of social capital reinforce conformity in values and ideas, and inhibit deviant entrepreneurial activity. Once an industry becomes more legitimized—as a result of an increase in the number of firms present in a region—social...
Paper Details
Title
The Downside of Social Capital in New Industry Creation
Published Date
May 30, 2019
Journal
Volume
95
Issue
4
Pages
315 - 340
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