0
Culture and Institutions
  in Entrepreneurial
        Finance
          Ben Spigel
        PhD Candidate
Research Question
• How do various kinds of culture affect how
  entrepreneurs access capital?
• How can we understand cul...
Theoretical Framework




Mark Granovetter         Pierre Bourdieu
 Embeddedness      Field, Habitus and Practice
Entrepreneurial Finance
Formal                                                   Informal
sources                         ...
Software
                   Biotech
                                        100%
100%



                                 ...
Region             Sector




         Culture
The
           Ethnic Culture    Entrepreneur




Regional Culture Religious Culture



National Culture    Family Culture
General Methodology
• Interviews (60-80) with 4 different types of actors
 • Entrepreneurs (45)
 • Formal financiers (9)
 •...
Interview Themes
         Entrepreneurs                Formal Financiers
•Demographics                   •Lending decision...
Network Analysis

•   Construct networks
    based on qualitative
    interview data

•   Compare network
    structures b...
Questions?
Final Proposal Presentation
Upcoming SlideShare
Loading in...5
×

Final Proposal Presentation

514

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
514
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide












  • Transcript of "Final Proposal Presentation"

    1. 1. Culture and Institutions in Entrepreneurial Finance Ben Spigel PhD Candidate
    2. 2. Research Question • How do various kinds of culture affect how entrepreneurs access capital? • How can we understand culture in the context of entrepreneurship? • How are these cultures constructed? • At what scale do they operate?
    3. 3. Theoretical Framework Mark Granovetter Pierre Bourdieu Embeddedness Field, Habitus and Practice
    4. 4. Entrepreneurial Finance Formal Informal sources sources of capital of capital Self Credit card Angel capitalization Venture Loan from application Investment Capital family members and spouse
    5. 5. Software Biotech 100% 100% 75% 75% 50% 50% 25% 25% 0% 0% Kitchener Ottawa Toronto Kitchener Ottawa Toronto Chinese South Asian Black Filipino Latin American Southeast Asian Arab West Asian Not a visible minority
    6. 6. Region Sector Culture
    7. 7. The Ethnic Culture Entrepreneur Regional Culture Religious Culture National Culture Family Culture
    8. 8. General Methodology • Interviews (60-80) with 4 different types of actors • Entrepreneurs (45) • Formal financiers (9) • Informal Financiers (9) • Local economic policy makers (12) • Network analysis of finance networks
    9. 9. Interview Themes Entrepreneurs Formal Financiers •Demographics •Lending decisions •Financing •Local economic culture •Local economic culture Informal Financiers Policy Makers •Relationship to entrepreneur •Local entrepreneurship policies •Investment history •Local business culture •Investment decision
    10. 10. Network Analysis • Construct networks based on qualitative interview data • Compare network structures between regions, sectors and cultures Steier, 2007
    11. 11. Questions?
    1. A particular slide catching your eye?

      Clipping is a handy way to collect important slides you want to go back to later.

    ×