A theoretical analysis of the role of social networks in entrepreneurship

Dennis P. Leyden, Albert N. Link, Donald S. Siegel

Research output: Contribution to journalArticlepeer-review

133 Scopus citations


Entrepreneurship involves innovation and uncertainty. We outline a theory of entrepreneurship, which highlights the importance of social networks in promoting innovation and reducing uncertainty. Our findings suggest that this "social" aspect of entrepreneurship increases the probability of entrepreneurial success. The results also lend credence to theories of entrepreneurship that suggest that entrepreneurial opportunities are formed endogenously by the entrepreneurs who create them. We also consider the public policy implications of our findings.

Original languageEnglish (US)
Pages (from-to)1157-1163
Number of pages7
JournalResearch Policy
Issue number7
StatePublished - Sep 2014
Externally publishedYes


  • Entrepreneurship
  • Innovation
  • Social networks
  • Technology

ASJC Scopus subject areas

  • Strategy and Management
  • Management Science and Operations Research
  • Management of Technology and Innovation


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