- Elgar original reference
Edited by Rowena Barrett and Susan Mayson
Chapter 3: Entrepreneurship Capital: A Regional, Organizational, Team and Individual Phenomenon
David Audretsch and Erik Monsen Introduction In the ﬁelds of economics and management ﬁve types of capital have been identiﬁed as drivers of economic growth: physical capital, human capital, knowledge capital, social capital, and most recently entrepreneurship capital. In this chapter we deﬁne entrepreneurship capital as a subset of social capital, which refers to those social and relational factors, forces and processes that promote or hinder the interaction of various economic agents and their ability to employ, integrate and exploit physical, human and knowledge capital for entrepreneurial ends. In this chapter the concept of entrepreneurship capital is shown to be an important factor for regional economic performance. This concept is extended to explain the economic and entrepreneurial performance of organizations, teams and individuals or in other words the economic and entrepreneurial performance of a region’s or ﬁrm’s human resources. At the regional and industry levels, we deﬁne entrepreneurship capital as those factors related to social capital inﬂuencing and shaping the capacity of a region or industry to generate entrepreneurial activity. At the ﬁrm level we deﬁne entrepreneurship capital as those organizational factors related to social capital inﬂuencing and shaping an organization in such a way as to be more conducive to the creation of new entrepreneurial business units (such as external ventures, joint ventures or internal ventures). At the team level we deﬁne entrepreneurship capital as those interpersonal factors related to social capital inﬂuencing and shaping a team in such a way...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.