The Dynamic Influence of Social Capital on the International Growth of New Ventures
通过软件行业纵向案例研究,分析了新创企业社会资本的起源、演变和利用,发现创始人若来自全球联系环境(如海归或跨国公司经历),初始社会资本更高,并揭示了社会资本随时间衰减与补充的动态机制。
abstract This paper explores the origin, evolution, and appropriation of social capital by new ventures seeking international growth. Using longitudinal case studies in the software industry, we model the dynamic influence of social capital on new venture internationalization. We theorize that new ventures of founders from a globally‐connected environment, such as with return migration or MNC experience, have higher stocks of initial social capital than others. We provide a nuanced analysis of the dynamic processes involved in the evolution of social capital, and highlight the mechanisms of decay and replenishment over time. Network learning plays a critical role in new ventures' ability to realize the potential contribution of social capital to international growth.