Informal Networks and Start-Up Entrepreneurs in Spain: Networking Other Entrepreneurs and Angel Investors

• Autor: Aliaga-Isla, Rocío
• Formato: artículo
• Fecha de Publicación: 2014
• Institución: Pontificia Universidad Católica del Perú
• Repositorio: PUCP-Institucional
• Lenguaje: inglés
• OAI Identifier: oai:repositorio.pucp.edu.pe:20.500.14657/194836
• Enlace del recurso: https://repositorio.pucp.edu.pe/index/handle/123456789/194836
• Nivel de acceso: acceso abierto
• Materia: GEM data; Pseudo-panel; Informal networks; Start-up entrepreneurs; https://purl.org/pe-repo/ocde/ford#5.02.04

This paper contributes by containing an examination of the impact of informal networks, such as personally knowing other entrepreneurs and having access to business angel investors, have upon start-up entrepreneurs in Spain. In addition, a pseudo-panel approach is used with micro data from the Spanish Global Entrepreneurship Monitor (GEM) adult population survey over the period 2006-2009. This technique overcomes limitations found when using cross-sectional data. Moreover, this includes a short review of literature using cross-sectional data in order to identify how researchers used these data. Results show that informal networks are important for start-up entrepreneurs. Knowing other entrepreneurs personally and having access to angel investors have a positive relationship with start-up entrepreneurs. Also, the findings indicate that startup entrepreneurs in cohorts aged 49-58 and 59-64 do better than younger ones. Furthermore, this article highlights some implications.