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Social Networks and the Emergence of the New Entrepreneurial Ventures in Russia: 1987–2000
Author(s) -
Rogers Nathalia
Publication year - 2006
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.2006.00452.x
Subject(s) - social capital , venture capital , context (archaeology) , social network (sociolinguistics) , business , entrepreneurship , new ventures , set (abstract data type) , economic system , economy , marketing , sociology , finance , economics , political science , social science , geography , archaeology , computer science , law , social media , programming language
A bstract . This article examines the use of social networks by Russia’s new entrepreneurs during venture start‐up. After outlining the general historical context of economic transformation in Russia, I describe four patterns of transition to private enterprise ownership by individuals with different professional skills, different amounts of initial financial capital, and different types and extent of social networks. This description is based on an original set of data I collected during interviews with owners of small‐ and medium‐size businesses in Russia in the late 1990s. I conclude with a discussion of how such factors as access to the initial financial capital, history of past employment, and extent and type of personal social networks mediate the risks of starting a new venture.