Conceptualizing knowledge-based entrepreneurship networks: perspectives from the literature

Efforts to promote and support knowledge-based entrepreneurship as a vehicle for economic development are increasingly focused on the importance of networks to entrepreneurial success. This article reviews the extant empirical literature and finds a striking consensus among multiple disciplinary per...

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Bibliographic Details
Published in:Small business economics 2013-12, Vol.41 (4), p.899-911
Main Author: Hayter, Christopher S.
Format: Article
Language:English
Subjects:
Business and Management
Business innovation
Business structures
Conceptualization
Economic development
Economic growth
Economic resources
Economic statistics
Economic theory
Entrepreneurs
Entrepreneurship
Funding
Industrial Organization
Information resources
Innovations
Knowledge
Management
Management science
Microeconomics
Networks
Small business
Social capital
Social networks
Sociology
Spinoffs
Startups
Studies
Success
Technological innovation
Technology transfer
Universities
Venture capital
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Summary:Efforts to promote and support knowledge-based entrepreneurship as a vehicle for economic development are increasingly focused on the importance of networks to entrepreneurial success. This article reviews the extant empirical literature and finds a striking consensus among multiple disciplinary perspectives: not only are networks important, network characteristics also mediate resources important to entrepreneurial performance. Unfortunately, current conceptual frameworks do not adequately account for the unique nature of knowledge spillovers and their role in innovation and economic dynamism. The article suggests that scholars embrace the nascent knowledge spillover theory of entrepreneurship to guide future empirical research on entrepreneurship networks and focus intently on their impact on entrepreneurial performance—and therefore economic growth.
ISSN:0921-898X
1573-0913
DOI:10.1007/s11187-013-9512-x