Evolution, Needs and Trends of the Relationship between Social Capital, Social Entrepreneurship and Social Innovation: A Systematic Literature Revision

DOI:  https://doi.org/10.12804/revistas.urosario.edu.co/empresa/a.13584

Article Sidebar

PDF (Español (España)) HTML (Español (España)) XML (Español (España))

Published: Oct 16, 2024
Issue: Vol. 26 No. 47 (2024)
Section Review article


Keywords: Social capital social innovation social entrepreneurship trends needs systematic review

Main Article Content

Authors

  Derly Cibelly Lara Figueroa
Universidad Nacional de Colombia
  Edison Jair Duque Oliva
Universidad Nacional de Colombia

Abstract

Objective: The gradual growth of literature on social capital social entrepreneurship and social innovation is supported by empirical research results that demonstrate their interaction. This has highlighted the
need to identify the dynamics, trends (theoretical and methodological), gaps, and requirements of this relationship. Methodology: Based on the PRISMA-2020 statement, a systematic literature review was conducted, supported by bibliometric and content analysis. Key findings: The concepts of social entrepreneurship and social innovation remain ambiguous, and the fields are fragmented. Therefore, it is necessary to develop analytical, conceptual, and theoretical contributions; formulate hypotheses linked to the antecedents, consequences, and circumstances under which they operate, and establish a shared set of research objectives and questions. Meanwhile, social capital constitutes a field of more than 40 years, where epistemological and methodological studies, such as multilevel studies, persist. Conclusions: To advance the field of knowledge, it is necessary to conduct studies that seek to theorize and explain the incidence and interaction between social capital, from its different levels of analysis, concerning social entrepreneurship and social innovation.

How to Cite
Lara Figueroa, D. C., & Duque Oliva, E. J. (2024). Evolution, Needs and Trends of the Relationship between Social Capital, Social Entrepreneurship and Social Innovation: A Systematic Literature Revision. Revista Universidad Y Empresa, 26(47), 1–32. https://doi.org/10.12804/revistas.urosario.edu.co/empresa/a.13584
References

Ahlers, G. K. C., Cumming, D., Guenther, C., & Schweizer, D. (2015). Signaling in equity crowdfunding. Entrepreneurship Theory and Practice, 39(4), 955-980. https://doi.org/10.1111/etap.12157

Anderson, A., Park, J., & Jack, S. (2007). Entrepreneurial social capital: Conceptualizing social capital in new high-tech firms. International Small Business Journal, 25(3), 245-272. https://doi.org/10.1177/0266242607076526

Audretsch, D. B., Lehmann, E. E., Menter, M., & Seitz, N. (2019). Public cluster policy and firm performance: Evaluating spillover effects across industries. Entrepreneurship and Regional Development, 31(1-2, SI), 150-165. https://doi.org/10.1080/08985626.2018.1537153

Austin, J., Stevenson, H., & Wei-Skillern, J. (2012). Social and commercial entrepreneurship: same, different, or both? Revista de Administração, 47(3), 370-384. https://doi.org/10.5700/rausp1055

Bhatt, P., & Ahmad, A. J. (2017). Financial social innovation to engage the economically marginalized: insights from an Indian case study. Entrepreneurship and Regional Development, 29(5-6), 391-413. https://doi.org/10.1080/08985626.2017.1287961

Bhatt, P., & Altinay, L. (2013). How social capital is leveraged in social innovations under resource constraints? Management Decision, 51(9), 1772-1792. https://doi.org/10.1108/MD-01-2013-0041

Bøllingtoft, A., & Ulhøi, J. P. (2005). The networked business incubator - Leveraging entrepreneurial agency? Journal of Business Venturing, 20(2), 265-290. https://doi.org/10.1016/j.jbusvent.2003.12.005

Boudreaux, C. J., & Nikolaev, B. (2019). Capital is not enough: opportunity entrepreneurship and formal institutions. Small Business Economics, 53(3), 709-738. https://doi.org/10.1007/s11187-018-0068-7

Bürcher, S. (2017). Regional engagement of locally anchored firms and its influence on socio-economic development in two peripheral regions over time. Entrepreneurship and Regional Development, 29(7-8, SI), 692-714. https://doi.org/10.1080/08985626.2017.1330903

Burt, R. S. (2005). The social capital of structural holes. En M. Meyer, P. England, R. Collins, & M. F. Guillen (Eds.), The New Economic Sociology: Developments in an Emerging Field (pp. 148-190). Russell Sage Foundation.

Buttice, V., Colombo, M. G., & Wright, M. (2017). Serial Crowdfunding, Social Capital, and Project Success. Entrepreneurship Theory and Practice, 41(2), 183-207. https://doi.org/10.1111/etap.12271

Coleman, J. (1988). Social Capital in the Creation of Human Capital. The American Journal of sociology, 94, 95-120. https://www.jstor.org/stable/2780243

Collins, J. D., & Hitt, M. A. (2006). Leveraging tacit knowledge in alliances: The importance of using relational capabilities to build and leverage relational capital. Journal of Engineering and Technology Management, 23(3), 147-167. https://doi.org/10.1016/j.jengtecman.2006.06.007

Cope, J., Jack, S., & Rose, M. B. (2007). Social capital and entrepreneurship: An introduction. International Small Business Journal, 25(3), 213-219. https://doi.org/10.1177/0266242607076523

Dastourian, B., Kesim, H. K., Amiri, N. S., & Moradi, S. (2017). Women entrepreneurship: Effect of social capital, innovation and market knowledge. AD-Minister, 30, 115-130. https://doi.org/10.17230/ad-minister.30.6

Davidsson, P., & Honig, B. (2003). The role of social and human capital among nascent entrepreneurs.

Journal of Business Venturing, 18(3), 301-331. https://doi.org/10.1016/S0883-9026(02)00097-6

Dawson, P., & Daniel, L. (2010). Understanding social innovation: A provisional framework. International Journal of Technology Management, 51(1, SI), 9-21. https://doi.org/10.1504/IJTM.2010.033125

Debicki, B. J., Rogelio Ramirez-Solis, E., IlianBanos-Monroy, V., & Magali Gutierrez-Patron, L. (2020). The impact of strategic focus on relational capital: A comparative study of family and non-family firms. Journal of Business Research, 119, 585-598. https://doi.org/10.1016/j.jbusres.2020.07.016

Donthu, N., Kumar, S., Mukherjee, D., Pandey, N., & Lim, W. M. (2021). How to conduct a bibliometric analysis: An overview and guidelines. Journal of Business Research, 133, 285-296. https://doi.org/10.1016/j.jbusres.2021.04.070

Du, J., Guariglia, A., & Newman, A. (2015). Do social capital building strategies influence the financing behavior of Chinese private small and medium-sized enterprises? Entrepreneurship: Theory and Practice, 39(3), 601-631. https://doi.org/10.1111/etap.12051

Eiteneyer, N., Bendig, D., & Brettel, M. (2019). Social capital and the digital crowd: Involving backers to promote new product innovativeness. Research Policy, 48(8, SI). https://doi.org/10.1016/j.respol.2019.01.017

Estrin, S., Mickiewicz, T., & Stephan, U. (2013). Entrepreneurship, social capital, and institutions: Social and commercial entrepreneurship across nations. Entrepreneurship: Theory and Practice, 37(3), 479-504. https://doi.org/10.1111/etap.12019

Fulton, K., & Dees, G. (2006). The past, present, and future of social entrepreneurship: A conversation with Greg Dees. Center for the Advancement of Social Entrepreneurship Fuqua School of Business, Duke University. https://centers.fuqua.duke.edu/yyyyyyyy/wp-content/uploads/sites/7/2015/02/Interview_Fulton_Dees_ThePastPresentFutureofSocialEntrepreneurship_2006.pdf

Garcia-Villaverde, P. M., Parra-Requena, G., & XavierMolina-Morales, F. (2018). Structural social capital and knowledge acquisition: implications of cluster membership. Entrepreneurship and Regional Development, 30(5-6), 530-561. https://doi.org/10.1080/08985626.2017.1407366

Gölgeci, I., & Kuivalainen, O. (2020). Does social capital matter for supply chain resilience? The role of absorptive capacity and marketing-supply chain management alignment. Industrial Marketing Management, 84, 63-74. https://doi.org/10.1016/j.indmarman.2019.05.006

Granovetter, M. (2018). Economic action and social structure: The problem of embeddedness. In M. Granovetter, & R. Swedberg (Eds.), The Sociology of Economic Life (pp. 22-45). Routledge. https://doi.org/10.4324/9780429494338

Granovetter, M. S. (1973). The strength of weak ties. American Journal of Sociology, 78(6), 653-657. https://doi.org/10.1086/225469

Grimm, R., Fox, C., Baines, S., & Albertson, K. (2013). Social innovation, an answer to contemporary societal challenges? Locating the concept in theory and practice. Innovation: The European Journal of Social Science Research, 26(4), 436-455. https://doi.org/10.108

/13511610.2013.848163

Hadjielias, E., Dada, O. (Lola), & Eliades, K. (2021). Entrepreneurial process in international multiunit franchise outlets: Asocial capital perspective. Journal of Business Research, 134, 13-28. https://doi.org/10.1016/j.jbusres.2021.05.022

Hanifan. L. J. (1916). The rural school community center. The Annals of the American Academy of Political and Social Science: New Possibilities in Education, 67, 130-138.

Hervas-Oliver, J. L., Lleo, M., & Cervello, R. (2017). The dynamics of cluster entrepreneurship: Knowledge legacy from parents or agglomeration effects? The case of the Castellon ceramic tile district. Research Policy, 46(1), 73-92. https://doi.org/10.1016/j.respol.2016.10.006

Howaldt, J., Domanski, D., & Kaletka, C. (2016). Social innovation: Towards a new innovation paradigm. Revista de Administração Mackenzie, 17(6), 20-44. https://doi.org/10.1590/1678-69712016/administracao.v17n6p20-44

Huang, L.-T. (2016). Flow and social capital theory in online impulse buying. Journal of Business Research, 69(6), 2277-2283. https://doi.org/10.1016/j.jbusres.2015.12.042

Huggins, R., & Johnston, A. (2010). Knowledge flow and inter-firm networks: The influence of network resources, spatial proximity and firm size. Entrepreneurship and Regional Development, 22(5), 457-484. https://doi.org/10.1080/08985620903171350

Khan, M. S. M., Harvey, C., Price, M., & Maclean, M. (2023). Philanthropy and Socio-economic Development: The Role of Large Indigenous Voluntary Organizations in Bridging Social Divides in Pakistan. Voluntas. https://doi.org/10.1007/s11266-022-00554-8

Khan, S. H., Majid, A., & Yasir, M. (2021). Strategic renewal of SMEs: the impact of social capital, strategic agility and absorptive capacity. Management Decision, 59(8), 1877-1894. https://doi.org/10.1108/MD-12-2019-1722

Larsson, Z. Y., Di Gangi, P. M., & Teigland, R. (2019). Sharing my way to success: A case study on developing entrepreneurial ventures using social capital in an OSS community. Information and Organization, 29(1), 23-40. https://doi.org/10.1016/j.infoandorg.2018.12.001

Leana, C. R., & van Buren, H. J. (1999). Organizational social capital and employment practices. The Academy of Management Review, 24(3), 538. https://doi.org/10.2307/259141

Lee, C., Lee, K., & Pennings, J. M. (2001). Internal capabilities, external networks, and performance: A study on technology-based ventures. Strategic Management Journal, 22(6-7), 615-640. https://doi.org/10.1002/smj.181

Lee, R. (2009). Social capital and business and management: Setting a research agenda. International Journal of Management Reviews, 11(3), 247-273. https://doi.org/10.1111/j.1468-2370.2008.00244.x

Lee, R. (2017). Social capital: Its foundations and application in management and entrepreneurship. The Social Capital of Entrepreneurial Newcomers (pp. 25-52). Palgrave McMillan. https://doi.org/10.1057/978-1-137-59820-2_3

Littlewood, D., & Khan, Z. (2018). Insights from a systematic review of literature on social enterprise and networks: Where, how and what next? Social Enterprise Journal, 14(4), 390-409. https://doi.org/10.1108/SEJ-11-2018-068

Marhaeni, A. A. I. N., Yuliarmi, N. N., & Setiawina, N. D. (2019). Empowering small industry of wood carving handicraft in Bangli district. Asia Pacific Journal of Innovation and Entrepreneurship, 13(1), 121-136. https://doi.org/10.1108/APJIE-07-2018-0045

Mary George, N., Parida, V., Lahti, T., & Wincent, J. (2016). A systematic literature review of entrepreneurial opportunity recognition: insights on influencing factors. International Entrepreneurship and Management Journal, 12(2), 309-350. https://doi.org/10.1007/

s11365-014-0347-y

Mason, C., Barraket, J., Friel, S., O’Rourke, K., & Stenta, C. P. (2015). Social innovation for the promotion of health equity. Health Promotion International, 30, ii116-ii125. https://doi.org/10.1093/heapro/dav076

McKeever, E., Anderson, A., & Jack, S. (2014). Entrepreneurship and mutuality: social capital in processes and practices. Entrepreneurship and Regional Development, 26(5-6), 453-477. https://doi.org/10.1080/08985626.2014.939536

Mulgan, G. (2006). The process of social innovation. Innovations: Technology, Governance, Globalization, 1(2), 145-162. https://doi.org/10.1162/itgg.2006.1.2.145

Mulgan, G., Sanders, B., Tucker, S., & Rushanara, A. (2007). Social innovation: What it is, why it matters and how it can be acces. The Young Foundation.

Nahapiet, J., & Ghoshal, S. (1998). Social capital, intellectual capital, and the organizational advantage. Knowledge and Social Capital, 23(2), 119-158. https://doi.org/10.2307/259373

Napoleao, B. M., Felizardo, K. R., Souza, E. F. D., Petrillo, F., Halle, S., Vijaykumar, N. L., & Nakagawa, E. Y. (2021). Establishing a search string to detect secondary studies in software engineering. Proceedings - 2021 47th Euromicro Conference on Software Engineering and Advanced Applications, 9-16. https://doi.org/10.1109/SEAA53835.2021.00010

Naranjo-Valencia, J. C., Ocampo-Wilches, A. C., & Trujillo-Henao, L. F. (2022). From social entrepreneurship to social innovation: The role of social capital. Study case in Colombian rural communities victim of armed conflict. Journal of Social Entrepreneurship, 13(2), 244-277. https://doi.org/10.1080/19420676.2020.1770317

de Nazaré Moraes Soares, M., Leocadio, A. L., & Rebouças, S. M. D. P. (2020). Complexity and social capital in solidarity economy: An empirical evidence of enterprises in Brazil. International Journal of Entrepreneurship and Innovation Management, 24(2-3), 210-231.

https://doi.org/10.1504/IJEIM.2020.105783

Nguyen, D. Q. (2018). The impact of intellectual capital and knowledge flows on incrementaland radical innovation: Empirical findings from a transition economy of Vietnam. Asia- Pacific Journal of Business Administration, 10(2-3), 149-170. https://doi.org/10.1108/APJBA-03-2018-0044

Nieto, M., & Gonzalez-Alvarez, N. (2016). Social capital effects on the discovery and exploitation of entrepreneurial opportunities. International Entrepreneurship and Management Journal, 12(2), 507-530. https://doi.org/10.1007/s11365-014-0353-0

Partanen, J., Möller, K., Westerlund, M., Rajala, R., & Rajala, A. (2008). Social capital in the growth of science-and-technology-based SMEs. Industrial Marketing Management, 37(5), 513-522. https://doi.org/10.1016/j.indmarman.2007.09.012

Phills Jr., J. A., Deiglmeier, K., & Miller, D. T. (2008). Rediscovering Social Innovation Social. Stanford Social Innovation Review, (Fall), 1-17.

Rahman, R. S. A. R. A., Ismail, M. F., & Sahid, S. (2019). Strategic domains of social entrepreneurship among students in. Academy of Strategic Management Journal, 18(1), 1-7.

Samad, S. (2020). Achieving innovative firm performance through human capital and the effect of social capital. Management & Marketing-Challenges for the Knowledge Society, 15(2), 326-344. https://doi.org/10.2478/mmcks-2020-0019

Sánchez-Famoso, V., Pittino, D., Chirico, F., Maseda, A., & Iturralde, T. (2019). Social capital and innovation in family firms: The moderating roles of family control and generational involvement. Scandinavian Journal of Management, 35(3). https://doi.org/10.1016/j.scaman.2019.02.002

Santarelli, E., & Tran, H. T. (2013). The interplay of human and social capital in shaping entrepreneurial performance: the case of Vietnam. Small Business Economics, 40(2), 435-458. https://doi.org/10.1007/s11187-012-9427-y

Schell, S., Hiepler, M., & Moog, P. (2018). It’s all about who you know: The role of social networks in intra-family succession in small and medium-sized firms. Journal of Family Business Strategy, 9(4), 311-325. https://doi.org/10.1016/j.jfbs.2018.08.003

Shane, S., & Stuart, T. (2002). Organizational endowments and the performance of university startups. Management Science, 48(1), 154-170. https://doi.org/10.1287/mnsc.48.1.154.14280

Shane, S., & Venkataraman, S. (2007). The promise of entrepreneurship as a field of research. Entrepreneurship: Concepts, Theory and Perspective, 25(1), 171-184. https://doi.org/10.1007/978-3-540-48543-8_8

de Silva, M., Khan, Z., Vorley, T., & Zeng (Maggie), J. (2020). Transcending the pyramid: opportunity co-creation for social innovation. Industrial Marketing Management, 89, 471-486. https://doi.org/10.1016/j.indmarman.2019.12.001

Suriyankietkaew, S., Krittayaruangroj, K., & Iamsawan, N. (2022). Sustainable leadership practices and competencies of smes for sustainability and resilience: A community-based social enterprise study. Sustainability (Switzerland), 14(10). https://doi.org/10.3390/su14105762

Suseno, Y. (2018). Disruptive innovation and the creation of social capital in Indonesia’s urban communities. Asia Pacific Business Review, 24(2, SI), 174-195. https://doi.org/10.1080/13602381.2018.1431251

Syahrin Suhaimee, Mohd Azlan Shah Zaidi, Mohd Adib Ismail, & Noorasiah Sulaiman. (2020). Social innovation and social entrepreneurship as mediators of the relationship between social capital and income level of B40 households. International Journal of Business and Society, 21(2), 837-856. https://doi.org/10.33736/ijbs.3297.2020

Theodoraki, C., Messeghem, K., & Rice, M. P. (2018). A social capital approach to the development of sustainable entrepreneurial ecosystems: an explorative study. Small Business Economics, 51(1), 153-170. https://doi.org/10.1007/s11187-017-9924-0

Thorpe, R., Holt, R., Macpherson, A., & Pittaway, L. (2005). Using knowledge within small and medium-sized firms: A systematic review of the evidence. International Journal of Management Reviews, 7(4), 257-281. https://doi.org/10.1111/j.1468-2370.2005.00116.x

Tsai, W., & Ghoshal, S. (1998). Social capital and value creation: The role of intrafirm networks. Academy of Management Journal, 41(4), 464-476. https://journals.aom.org/doi/abs/10.5465/257085

Udimal, T. B., Jincai, Z., & Gumah, I. A. (2019). Dynamics in rural entrepreneurship - the role of knowledge acquisition, entrepreneurial orientation, and emotional intelligence in network reliance and performance relationship. Asia Pacific Journal of Innovation and

Entrepreneurship, 13(2), 247-262. https://doi.org/10.1108/APJIE-03-2019-0021

Van der Have, R. P., & Rubalcaba, L. (2016). Social innovation research: An emerging area of innovation studies? Research Policy, 45(9), 1923-1935. https://doi.org/10.1016/j.respol.2016.06.010

von Schnurbein, G., Potluka, O., & Mayer, A. (2021). Creating social innovation in urban development through collaborative processes. Innovation: The European Journal of Social Science Research, 36, 316-332. https://doi.org/10.1080/13511610.2021.1910800

Yepes Nuñez, J. J., Urrútia, G., Romero Garcia, M., & Fernández, S. A. (2021). Declaración prisma 2020: una guía actualizada para la publicaciónde revisiones sistemáticas. Revista Española de Cardiología, 74(9), 790-799. https://doi.org/10.1016/j.recesp.2021.06.016

Ziemianski, P. (2018). The Perception of an Entrepreneur’s Structural, Relational and Cognitive Social Capital among Young People in Poland - an Exploratory Study. Journal of Entrepreneurship Management and Innovation, 14(1), 109-122. https://doi.org/10.7341/20181416

Zuluaga, M., Arbelaez-Echeverri, O., Robledo, S., Osorio-Zuluaga, G. A., & Duque-Méndez, N. (2022). Tree of science-ToS: A web-based tool for scientific literature recommendation. Search less, research more! Issues in Science and Technology Librarianship, (100). https://doi.org/10.29173/istl2696

Query Statistics

Downloads

Download data is not yet available.
Publcation metrics

0




 

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Los autores conservan los derechos de autor y garantizan a la revista el derecho de ser la primera publicación del trabajo al igual que licenciado bajo una Creative Commons Attribution License que permite a otros compartir el trabajo con un reconocimiento de la autoría del trabajo y la publicación inicial en esta revista.

Most read articles by the same author(s)

Similar Articles

1 2 3 4 5 6 7 8 9 10 > >> 

You may also start an advanced similarity search for this article.