It has long been recognised that social capital in the shape of network relationships plays a significant role in the internationalisation process of a business. This research seeks to further the discussion of how social capital influences the early internationalization of new technology-based ventures. It is based on survey data provided by 98 entrepreneurs and in-depth interviews with the founders of 24 ventures in the Danish IT/communication and biotech/medico industries. The paper focuses on contrasting new ventures already operating on the international scene with those that have no international activities. Based on statistical analysis it elucidates the relationship among a number of factors related to social capital which may influence the internationalization process. These factors include the number and types of contacts as well as how these contacts are utilized. The results indicate that new technology based ventures rely on network contacts forged before foundation to provide global reach.
Entrepreneurship Competitiveness and Local Development: Proceedings From the Xix Rent Conference, Naples, Italy, 16-18 November 2005, 2005
Social Capital; Born Globals; Knowledge-Intensive new Ventures
Main Research Area:
XIX RENT Conference, 2005
Università degli Studi di Napoli Federico II Scuola di Alta Formazione