The Dynamic Influence of Social Capital on the International Growth of New Ventures
通过软件行业的纵向案例研究,探讨新创企业社会资本的起源、演变和利用,分析其如何动态影响国际增长,并揭示网络学习的关键作用。
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.