nach oben

International Entrepreneurship and Management Journal

Erschienen in:

17.02.2018

Social Capital in University Business Incubators: dimensions, antecedents and outcomes

verfasst von: María Redondo, Carmen Camarero

Erschienen in: International Entrepreneurship and Management Journal | Ausgabe 2/2019

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

While many universities around the world have devoted resources to create University Business Incubators (UBIs), the literature has neglected the study of the social capital acquired by the entrepreneurs located in university incubators. The current work analyses how incubator managers can contribute to the development of both incubator and incubatee social capital as well as the influence of social capital to the success of incubatee businesses. The empirical study is based on survey data collected from incubatees on Spanish and Dutch UBIs. The findings reveal that the entrepreneurial profile of the university and the incubator manager proactivity are critical to build a collective social capital amongst the entrepreneurs. Results indicate that the collective social capital foster the individual social capital. However, only entrepreneurs’ relationships with external agents (bridging social capital) are relevant to their businesses whereas internal relationships (bonding social capital) have not a significant effect.

Vorheriger Artikel Sustainable development of global entrepreneurship: infrastructure and perspectives

Nächster Artikel Entrepreneurial ecosystem, entrepreneurial rate and innovation: the moderating role of internet attention

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Aarstad, J., Haugland, S. A., & Greve, A. (2010). Performance spillover effects in entrepreneurial networks: Assessing a dyadic theory of social capital. Entrepreneurship Theory and Practice, 34(5), 1003–1019.CrossRef

Abreu, M., Grinevich, V., Kitson, M., & Savona, M. (2010). Policies to enhance the ‘hidden innovation’ in services: Evidence and lessons from the UK. The Service Industries Journal, 30(1), 99–118.CrossRef

Ahmad, A. J. (2014). A mechanisms-driven theory of business incubation. International Journal of Entrepreneurial Behavior & Research, 20(4), 375–405.CrossRef

Ahmad, A. J., & Ingle, S. (2011). Relationships matter: Case study of a university campus incubator. International Journal of Entrepreneurial Behavior & Research, 17(6), 626–644.CrossRef

Ahuja, G. (2000). Collaboration networks, structural holes, and innovation: A longitudinal study. Administrative Science Quarterly, 45(3), 425–455.CrossRef

Alpkan, L., Bulut, C., Gunday, G., Ulusoy, G., & Kilic, K. (2010). Organizational support for intrapreneurship and its interaction with human capital to enhance innovative performance. Management Decision, 48(5), 732–755.CrossRef

Alvedalen, J., & Boschma, R. (2017). A critical review of entrepreneurial ecosystems research: Towards a future research agenda. European Planning Studies, 25(6), 887–903.

Audretsch, D. B. (2014). From the entrepreneurial university to the university for the entrepreneurial society. Journal of Technology Transfer, 39(3), 313–321.CrossRef

Baregheh, A., Rowley, J., & Sambrook, S. (2009). Towards a multidisciplinary definition of innovation. Management Decision, 47(8), 1323–1339.CrossRef

Baron, R. A., & Markman, G. D. (2000). Beyond social capital: How social skills can enhance entrepreneurs' success. The Academy of Management Executive, 14(1), 106–116.

Batjargal, B. (2003). Social capital and entrepreneurial performance in Russia: A longitudinal study. Organization Studies, 24(4), 535–556.CrossRef

Birley, S. (2002). Universities, academics, and spinout companies: Lessons from imperial. International Journal of Entrepreneurship Education, 1(1), 1–21.

Bøllingtoft, A. (2012). The bottom-up business incubator: Leverage to networking and cooperation practices in a self-generated, entrepreneurial-enabled environment. Technovation, 32(5), 304–315.CrossRef

Bøllingtoft, A., & Ulhøi, J. P. (2005). The networked business incubator—Leveraging entrepreneurial agency? Journal of Business Venturing, 20(2), 265–290.CrossRef

Buche, M. W., & Scillitoe, J. L. (2007). Influence of gender and social networks on organizational learning within technology incubators. American Journal of Business, 22(1), 59–68.CrossRef

Burritt, R. L., & Saka, C. (2006). Environmental management accounting applications and eco-efficiency: Case studies from Japan. Journal of Cleaner Production, 14(14), 1262–1275.CrossRef

Burt, R. S. (1992). Structural holes: The social structure of competition. Cambridge: Harvard University Press.

Burt, R. S. (2000). The network structure of social capital. Research in Organizational Behaviour, 22, 345–423.CrossRef

Chan, K., & Lau, T. (2005). Assessing technology incubator programs in the science park: The good, the bad and the ugly. Technovation, 25(10), 1215–1228.CrossRef

Chiu, C., Hsu, M., & Wang, E. T. (2006). Understanding knowledge sharing in virtual communities: An integration of social capital and social cognitive theories. Decision Support Systems, 42(3), 1872–1888.CrossRef

Clark, B. R. (2004). Delineating the character of the entrepreneurial university. Higher Education Policy, 17(4), 355–370.CrossRef

Clarysse, B., Wright, M., Bruneel, J., & Mahajan, A. (2014). Creating value in ecosystems: Crossing the chasm between knowledge and business ecosystems. Research Policy, 43(7), 1164–1176.CrossRef

Cohen, B. (2006). Sustainable valley entrepreneurial ecosystems. Business Strategy and the Environment, 15(1), 1–14.CrossRef

Coleman, J. S. (1988). Social capital in the creation of human capital. American Journal of Sociology, 94(S1), 95–120.CrossRef

Cooper, C. E., Hamel, S. A., & Connaughton, S. L. (2012). Motivations and obstacles to networking in a university business incubator. The Journal of Technology Transfer, 37(4), 433–453.CrossRef

Ebbers, J. J. (2014). Networking behavior and contracting relationships among entrepreneurs in business incubators. Entrepreneurship Theory and Practice, 38(5), 1159–1181.CrossRef

Eriksson, P., Vilhunen, J., & Voutilainen, K. (2014). Incubation as co-creation: Case study of proactive technology business development. International Journal of Entrepreneurship and Innovation Management, 18(5–6), 382–396.CrossRef

Etzkowitz, H. (1998). The norms of entrepreneurial science: Cognitive effects of the new university–industry linkages. Research Policy, 27(8), 823–833.CrossRef

Etzkowitz, H. (2003). Research groups as ‘quasi firms’: The invention of the entrepreneurial university. Research Policy, 32(1), 109–121.CrossRef

European Commission (2003). The role of universities in the Europe of knowledge. (No. 58). Brussels, Belgium.

European Commission. (2004). The Europe of knowledge 2020: A vision for university-based research and innovation. Leige: DG for Science & Society.

Frese, M., & Fay, D. (2001). Personal initiative: An active performance concept for work in the 21st century. Research in Organizational Behavior, 23, 133–187.CrossRef

Glaser, L., Stam, W., & Takeuchi, R. (2016). Managing the risks of proactivity: A multilevel study of initiative and performance in the middle management context. Academy of Management Journal, 59(4), 1339–1360.CrossRef

Global Entrepreneurship Research Association (GERA) (2017). Global entrepreneurship monitor 2016/2017 report. Available at: http://www.gemconsortium.org/report/49812 Accessed 17 Jan 2018.

Granovetter, M. S. (1973). The strength of weak ties. American Journal of Sociology, 78(6), 1360–1380.CrossRef

Greve, A., Benassi, M., & Sti, A. D. (2010). Exploring the contributions of human and social capital to productivity. International Review of Sociology, 20(1), 35–58.CrossRef

Guerrero, M., Cunningham, J. A., & Urbano, D. (2015). Economic impact of entrepreneurial universities’ activities: An exploratory study of the United Kingdom. Research Policy, 44(3), 748–764.CrossRef

Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2017). A primer on partial least squares structural equation modeling (2nd ed.). Thousand Oaks: Sage.

Hannon, P. D. (2005). Incubation policy and practice: Building practitioner and professional capability. Journal of Small Business and Enterprise Development, 12(1), 57–75.CrossRef

Hannon, P. D., & Chaplin, P. (2003). Are incubators good for business? Understanding incubation practice - the challenges for policy. Environment and Planning C: Government and Policy, 21(6), 861–881.CrossRef

Hansen, E. L. (1995). Entrepreneurial networks and new organization growth. Entrepreneurship Theory and Practice, 19(4), 7–19.CrossRef

Hansen, M. T., Chesbrough, H. W., Nohria, N., & Sull, D. N. (2000). Networked incubators: Hothouses of the new economy. Harvard Business Review, 78(5), 74–84.

Hatzakis, T., Lycett, M., Macredie, R. D., & Martin, V. A. (2005). Towards the development of a social capital approach to evaluating change management interventions. European Journal of Information Systems, 14(1), 60–74.CrossRef

Hayter, C. S. (2016). A trajectory of early-stage spinoff success: The role of knowledge intermediaries within an entrepreneurial university ecosystem. Small Business Economics, 47(3), 633–656.CrossRef

Henseler, J., Ringle, C. M., & Sinkovics, R. R. (2009). The use of partial least squares path modeling in international marketing. Advances in International Marketing, 20, 277–319.

Henseler, J., Ringle, C. M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the Academy of Marketing Science, 43(1), 115–135.CrossRef

Honig, B., & Karlsson, T. (2010). Social capital and the modern incubator: A comparison of in-group and out-group social networks. Journal of Small Business & Entrepreneurship, 23(sup 1), 719–731.CrossRef

Hughes, M., Ireland, R. D., & Morgan, R. E. (2007). Stimulating dynamic value: Social capital and business incubation as a pathway to competitive success. Long Range Planning, 40(2), 154–177.CrossRef

Isenberg, D. (2011). The entrepreneurship ecosystem strategy as a new paradigm for economy policy: Principles for cultivating entrepreneurship. Babson Entrepreneurship Ecosystem Project. Babson Park: Babson College.

Lasrado, V., Sivo, S., Ford, C., O’Neal, T., & Garibay, I. (2016). Do graduated university incubator firms benefit from their relationship with university incubators? The Journal of Technology Transfer, 41(2), 205–219.CrossRef

Lee, R. (2009). Social capital and business and management: Setting a research agenda. International Journal of Management Reviews, 11(3), 247–273.CrossRef

Levin, D. Z., & Cross, R. (2004). The strength of weak ties you can trust: The mediating role of trust in effective knowledge transfer. Management Science, 50(11), 1477–1490.CrossRef

Lewis, D., Harper-Anderson, E., & Molnar, L. (2011). Incubating success. incubation best practices that lead to successful new ventures. Institute for Research on labor employment, and the economy. Ann Arbor: University of Michigan.

Liao, J., & Welsch, H. (2005). Roles of social capital in venture creation: Key dimensions and research implications. Journal of Small Business Management, 43(4), 345–362.CrossRef

Lockett, A., & Wright, M. (2005). Resources, capabilities, risk capital and the creation of university spin-out companies. Research Policy, 34(7), 1043–1057.CrossRef

Lyons, T. S. (2000). Building social capital for sustainable enterprise development in country towns and regions: Successful practices from the United States. First National Conference on the future of Australia’s country towns, la Trobe University, Center for Sustainable Regional Communities, Australia. June.

Lyons, T. S. (2002). Building social capital for rural enterprise development: Three case studies in the United States. Journal of Developmental Entrepreneurship, 7(2), 193–216.

McAdam, M., & Marlow, S. (2007). Building futures or stealing secrets? Entrepreneurial cooperation and conflict within business incubators. International Small Business Journal, 25(4), 361–382.CrossRef

McAdam, M., & Marlow, S. (2008). A preliminary investigation into networking activities within the university incubator. International Journal of Entrepreneurial Behaviour & Research, 14(4), 219–241.CrossRef

McAdam, M., & McAdam, R. (2008). High tech start-ups in university science park incubators: The relationship between the start-up's lifecycle progression and use of the incubator's resources. Technovation, 28(5), 277–290.CrossRef

Nahapiet, J., & Ghoshal, S. (1998). Social capital, intellectual capital, and the organizational advantage. Academy of Management Review, 23(2), 242–266.CrossRef

Nouira, S., Klofsten, M., & Dahlstrand, Å. L. (2005). The logic of the entrepreneur: Implications of the entrepreneur's perception of early-stage financing. The International Journal of Entrepreneurship and Innovation, 6(2), 85–96.CrossRef

Payne, G. T., Moore, C. B., Griffis, S. E., & Autry, C. W. (2011). Multilevel challenges and opportunities in social capital research. Journal of Management, 37(2), 491–520.CrossRef

Petrakis, P. E. (2012). Entrepreneurship, university research, and growth: European north vs. south. In T. Burger-Helmchen (Ed.), Entrepreneurship-born, made and educated (pp. 127–158). Rijeka: InTech.

Podsakoff, P. M., MacKenzie, S. B., Lee, J., & Podsakoff, N. P. (2003). Common method biases in behavioral research: A critical review of the literature and recommended remedies. Journal of Applied Psychology, 88(5), 879–903.CrossRef

Powell, W. W., Koput, K. W., & Smith-Doerr, L. (1996). Interorganizational collaboration and the locus of innovation: Networks of learning in biotechnology. Administrative Science Quarterly, 41(1), 116–145.CrossRef

Putnam, R. D. (1995). Bowling alone: America's declining social capital. Journal of Democracy, 6(1), 65–78.CrossRef

Putnam, R. (2000). Bowling alone, the collapse and revival of civic America. New York: Simon and Schuster.

Redondo, M., David, F., & van der Sijde, P. (2014). Development of “business logics” in novice entrepreneurs in an academic incubator. Academic Proceedings of the 2014 University-Industry Interaction Conference: Challenges and Solutions for Fostering Entrepreneurial Universities and Collaborative Innovation (pp. 117–128). Barcelona.

Rice, M. P. (2002). Co-production of business assistance in business incubators: An exploratory study. Journal of Business Venturing, 17(2), 163–187.CrossRef

Rice, M. P., Fetters, M. L., & Greene, P. G. (2014). University-based entrepreneurship ecosystems: A global study of six educational institutions. International Journal of Entrepreneurship and Innovation Management, 18(5–6), 481–501.CrossRef

Ringle, C. M., Wende, S., & Becker, J. M. (2015). Smart PLS 3 (computer software). available at: www.smartpls.com Accessed 22 Aug 2017.

Rubalcaba, L., Gallego, J., & Hertog, P. D. (2010). The case of market and system failures in services innovation. The Service Industries Journal, 30(4), 549–566.CrossRef

Scholten, V. (2006). The early growth of academic spin offs: factors influencing the early growth of Dutch spin-offs in life sciences, ICT and consulting. Unpublished doctoral dissertation. The Netherlands: Wageningen University.

Scillitoe, J. L., & Chakrabarti, A. K. (2010). The role of incubator interactions in assisting new ventures. Technovation, 30(3), 155–167.CrossRef

Shane, S., & Cable, D. (2002). Network ties, reputation, and the financing of new ventures. Management Science, 48(3), 364–381.CrossRef

Smilor, R. W., & Gill, M. D. J. (1986). The new business incubator: Linking talent, technology, capital, and know-how. Toronto: Lexington Books.

Spigel, B. (2017). The relational organization of entrepreneurial ecosystems. Entrepreneurship Theory and Practice, 41(1), 49–72.CrossRef

Stangler, D., & Bell-Masterson, J. (2015). Measuring an entrepreneurial ecosystem. Kansas City: Kauffman Foundation Research Series on City, Metro, and Regional Entrepreneurship.

Studdard, N. L. (2006). The effectiveness of entrepreneurial firm’s knowledge acquisition from a business incubator. International Entrepreneurship and Management Journal, 2(2), 211–225.CrossRef

Sundbo, J. (2009). Innovation in the experience economy: A taxonomy of innovation organisations. The Service Industries Journal, 29(4), 431–455.CrossRef

Tamásy, C. (2002). Are there too many innovation centres in Germany? In L. Schätzl & J. R. Diez (Eds.), Technological change and regional development in Europe (pp. 112–131). Heidelberg: Physica.CrossRef

Toivonen, M., & Tuominen, T. (2009). Emergence of innovations in services. The Service Industries Journal, 29(7), 887–902.CrossRef

Tötterman, H., & Sten, J. (2005). Start-ups business incubation and social capital. International Small Business Journal, 23(5), 487–511.CrossRef

Tsai, W., & Ghoshal, S. (1998). Social capital and value creation: The role of intrafirm networks. Academy of Management Journal, 41(4), 464–476.

UKBI (UK Business Incubation). (2012). Best practice in business incubation. Birmingham: UKBI.

Un, C. A., & Montoro-Sánchez, A. (2010). Public funding for product, process and organisational innovation in service industries. The Service Industries Journal, 30(1), 133–147.CrossRef

Vanderstraeten, J., & Matthyssens, P. (2012). Service-based differentiation strategies for business incubators: Exploring external and internal alignment. Technovation, 32(12), 656–670.CrossRef

Vedel, B., & Gabarret, I. (2014). The role of trust as mediator between contract, information and knowledge within business incubators. International Journal of Entrepreneurship and Small Business, 23(4), 509–527.CrossRef

Walker, G., Kogut, B., & Shan, W. (1997). Social capital, structural holes and the formation of an industry network. Organization Science, 8(2), 109–125.CrossRef

Wasko, M. M., & Faraj, S. (2005). Why should I share? Examining social capital and knowledge contribution in electronic networks of practice. MIS Quarterly, 29(1), 35–57.CrossRef

Yli-Renko, H., Autio, E., & Sapienza, H. J. (2001). Social capital, knowledge acquisition, and knowledge exploitation in young technology-based firms. Strategic Management Journal, 22(6–7), 587–613.CrossRef

Zucker, L. G., Darby, M. R., & Armstrong, J. S. (2002). Commercializing knowledge: University science, knowledge capture, and firm performance in biotechnology. Management Science, 48(1), 138–153.CrossRef

Titel: Social Capital in University Business Incubators: dimensions, antecedents and outcomes
verfasst von: María Redondo
Carmen Camarero
Publikationsdatum: 17.02.2018
Verlag: Springer US
Erschienen in: International Entrepreneurship and Management Journal / Ausgabe 2/2019
Print ISSN: 1554-7191
Elektronische ISSN: 1555-1938
DOI: https://doi.org/10.1007/s11365-018-0494-7

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Wirtschaft"

Weitere Artikel der Ausgabe 2/2019

The influence of socioemotional wealth in the entrepreneurial orientation of family businesses

Women entrepreneurs and work-family conflict: an analysis of the antecedents

How to face a political boycott: the relevance of entrepreneurs’ awareness

The controversial link between entrepreneurial activity and inequality

Online customer experience in e-retailing: implications for web entrepreneurship

International entrepreneurship: a bibliometric overview

Premium Partner