Start‐ups and entrepreneurial teams. (29th September 2021)

• Record Type: Journal Article
• Authors: Yang, Hong; Cozzarin, Brian Paul; Peng, Can; Xu, Chun
• Is Part Of: Managerial and decision economics. Volume 43:Number 5(2022)
• Page Start: 1167
• Page End: 1184
• Publication Date: 2021-09-29
• Subjects: Managerial economics -- Periodicals; Decision making -- Periodicals; Management -- Periodicals; 658.15
• DOI: 10.1002/mde.3465
• Languages: English
• ISSNs: 0143-6570

Abstract

Abstract : We survey 398 Chinese entrepreneurs within 118 entrepreneurial teams to investigate external social capital's impact on: the decision to start a venture and the mediating role that risk perception plays in that decision. Our results confirm that external social capital has a significant and positive effect on the decision to start a venture, while risk perception partly mediates this relationship. Furthermore, we find that the three dimensions of external social capital drive the decision to start a venture differently. The most important domains of external social capital are commercial social capital, followed by technical social capital and institutional social capital.