Defining networks in entrepreneurial ecosystems: the openness of ecosystems

Prokop, D. and Thompson, P. ORCID: 0000-0003-1961-7441, 2022. Defining networks in entrepreneurial ecosystems: the openness of ecosystems. Small Business Economics. ISSN 0921-898X

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The paper draws on network theory to employ concepts of homophily and heterophily to investigate whether the presence of familiar, unfamiliar or a mix of actors in an entrepreneurial ecosystem is related to start-up rates. The empirical focus of this study is on 81 UK university entrepreneurial ecosystems and their outputs in terms of academic spinoff companies. The paper finds that the university entrepreneurial ecosystems with access to actors of predominantly heterophilious character are associated with higher spinoff start-up rates. It is concluded that in stimulating the development of successful entrepreneurial ecosystems there is a clear need to focus on their openness to heterophilious actors, inclusive of other ecosystems. This is especially important in the context of network lock-in that may arise from dependence on homophilious ties.

Item Type: Journal article
Publication Title: Small Business Economics
Creators: Prokop, D. and Thompson, P.
Publisher: Springer Science and Business Media LLC
Date: 5 December 2022
ISSN: 0921-898X
Rights: This version of the article has been accepted for publication, after peer review (when applicable) and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at:
Divisions: Schools > Nottingham Business School
Record created by: Laura Ward
Date Added: 07 Dec 2022 14:24
Last Modified: 05 Dec 2023 03:00

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