“…The article will assess how instrumental variable can generate consistent estimates when studying structural holes and network connectivity as possible predictors of entrepreneurial performance. Recently there has been an increased interest in the use of instrumental variables in entrepreneurial research (Berkowitz & DeJong, 2005;Bitler, Moskowitz & Vissing-Jorgensen, 2005;De Mel, McKenzie & Woodruff, 2008;Garcia-Mainar & Montuenga-Gomez, 2005;Garmaise, 2008;Grilo & Thurik, 2008;Jordahl, Poutvaara & Tuomala, 2009;Nastav & Bojnec, 2008;Oosterbeek, van Praag & Ijsselstein, 2010;Parker & Van Praag, 2006;Rodriiguez-Gutieerrez, 2007;Samila & Sorenson, 2010, 2011Spohr, 2003;Waguespack & Fleming, 2009), but an explicit application on the topics covered in this article has not been found.…”