The Social Dimensions of Entrepreneurship

OXFORD HANDBOOK OF ENTREPRENEURSHIP, Mark Casson and Bernard Yeung, eds., Oxford University Press, 2006

43 Pages Posted: 26 Oct 2005

See all articles by Amir N. Licht

Amir N. Licht

Interdisciplinary Center (IDC) Herzliyah - Radzyner School of Law; European Corporate Governance Institute (ECGI)

Jordan I. Siegel

University of Michigan

Abstract

Schumpeter's canonical depiction of the entrepreneur as an agent of social and economic change implies that entrepreneurs are especially sensitive to the social environment. We use an organizing framework based on institutional economics, in combination with lessons from cross-cultural psychology, to consider the social dimensions of entrepreneurship. The level and modes of entrepreneurial activity are affected by the surrounding culture and by legal rules. Entrepreneurs may partially overcome institutional deficiencies by relying on social networks that facilitate reputational bonding as a means for resource-sharing.

Keywords: Entrepreneurship, social institutions, culture, law, social networks, reputation

JEL Classification: L1, L2, M13, P1, Z1

Suggested Citation

Licht, Amir N. and Siegel, Jordan I., The Social Dimensions of Entrepreneurship. OXFORD HANDBOOK OF ENTREPRENEURSHIP, Mark Casson and Bernard Yeung, eds., Oxford University Press, 2006. Available at SSRN: https://ssrn.com/abstract=824844

Amir N. Licht (Contact Author)

Interdisciplinary Center (IDC) Herzliyah - Radzyner School of Law ( email )

P.O. Box 167
Herzliya, 46150
Israel
972-9-952-7332 (Phone)
952-9-9513323 (Fax)

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
952-9-9513323 (Fax)

HOME PAGE: http:/www.ecgi.org

Jordan I. Siegel

University of Michigan ( email )

Ann Arbor, MI
United States

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