Fragmented Networks and Entrepreneurship in Late Imperial Russia

Hillmann, H. C.; Aven, Brandy

doi:10.1086/661772

Cited by 42 publications

(21 citation statements)

References 23 publications

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“…1 These network effects are well-established theoretically as well as empirically (Abraham et al, 2016;Bohnet et al, 2005;Bohnet and Huck, 2004;Bolton et al, 2004;Buskens et al, 2010;Buskens andRaub, 2002, 2013;Cook and Hardin, 2001;DiMaggio and Louch, 1998;Feinberg et al, 2014;Frey and Van de Rijt, 2016;Hillmann and Aven, 2011;Huck et al, 2010;Przepiorka, 2013;Snijders and Weesie, 2009;Sosis, 2005). In the current study, I model how these network effects can motivate a trustee to set up an institution for information sharing between trustors.…”

Section: Introductionmentioning

confidence: 89%

Boosting trust by facilitating communication: A model of trustee investments in information sharing

Frey

2017

Rationality and Society

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Trust problems hamper many social and economic exchanges. In such situations, there are often institutions that enable trustors to share information on the performance of trustees. While the benefits of such institutions have been researched extensively, little is known about their emergence. This article presents a gametheoretic model for the understanding of investments by trustees in establishing information sharing between trustors. The model allows for a simultaneous analysis of investments in and effects of institutions for information sharing. It captures two mechanisms by which a trustee's investment can promote trust. First, a trustee's investment in establishing information sharing can enable network effects that facilitate trust and trustworthiness. Second, it can promote trust by serving as a signal of intrinsic trustworthiness. The analysis of the model implies predictions for how characteristics of the interaction situation affect whether these mechanisms motivate a trustee to establish information sharing.

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Section: Introductionmentioning

confidence: 89%

Boosting trust by facilitating communication: A model of trustee investments in information sharing

Frey

2017

Rationality and Society

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“…Social relations, particularly to other founders, provide access to relevant market information, resources, and social support, which in turn greatly enhance new firm outcomes (Hillmann and Aven 2011, Khanna and Rivkin 2006, Stuart et al 1999, Vedres and Stark 2010. In particular, social network ties have been found to help new firms and entrepreneurs access financial capital Zimmer 1986, Portes andSensenbrenner 1993); permit admission to supporting institutions, such as professional service organizations (Freeman 1999); and facilitate the identification of entrepreneurial opportunities (Stuart and Sorenson 2005).…”

Section: Brokerage and Cohesion In Entrepreneurshipmentioning

confidence: 99%

“…Emerging economies' characteristic lack of economic institutions and infrastructure that promote and regulate markets hinders both the search for available resources and the trust necessary to mobilize resources (Hillmann and Aven 2011, Khanna and Rivkin 2006, Nee and Opper 2012.…”

Section: Brokerage and Cohesion In Entrepreneurshipmentioning

confidence: 99%

“…Similar to modern founding of firms, the majority of all new ventures in our setting (65% of the 3,762 new firms) were established by a team of two or more entrepreneurs Kim 2007, Ruef et al 2003). To examine how structural role complementarity contributes to firm success, we model the basic starting capital raised by the firm, a critical event in the entrepreneurial process that is documented in the charters (Beckman et al 2007, Hillmann and Aven 2011, Stuart and Sorenson 2003.…”

Section: Introductionmentioning

confidence: 99%

“…Emerging economies currently account for 58% of the world's gross domestic product measured in purchasing power parity, as reported by the International Monetary Fund's (2016) World Economic Outlook. In contrast to established economies, emerging economies are characterized by high institutional uncertainty and limited access to capital resources (Hillmann and Aven 2011, Khanna and Rivkin 2006, Nee and Opper 2012. These conditions accentuate the value of reliable information acquired via social networks (Eisenhardt and Schoonhoven 1990), and our data on Russian entrepreneurial teams provide a unique opportunity to assess the importance of these networks on the success of new firms in emerging economies.…”

Section: Introductionmentioning

confidence: 99%

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Structural Role Complementarity in Entrepreneurial Teams

Aven

Hillmann

2018

Management Science

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Abstract.To refine the understanding of the social network characteristics of entrepreneurial teams, we present a new construct: structural role complementarity. In particular, we examine the variation between team members' respective abilities to act as network brokers. Based on the cofounding networks of 9,461 entrepreneurs and 2,446 large-scale industrial enterprises over 45 years in Russia's emerging economy , our findings show that variation among team members' brokering ability significantly predicts the starting capital raised by their firm. The effect is moderated by the team's average brokering potential. When both the team's average and variation in brokering potential is high, firms raise greater starting capital. By using multiple membership models, we demonstrate that greater starting capital is largely attributable to team factors rather than the attributes of the individual team members. We also take advantage of discriminatory laws that were passed in 1887 in an instrumental variable analysis to address potential endogeneity issues.

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Cliometrics, the Russian Empire, and the Soviet Union

Gregg

2024

Handbook of Cliometrics

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Fragmented Networks and Entrepreneurship in Late Imperial Russia

Cited by 42 publications

References 23 publications

Boosting trust by facilitating communication: A model of trustee investments in information sharing

Boosting trust by facilitating communication: A model of trustee investments in information sharing

Structural Role Complementarity in Entrepreneurial Teams

Cliometrics, the Russian Empire, and the Soviet Union

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