Conceptualising capital assets: towards a framework for entrepreneurial places

Phelan, Chris and Schiffling, Sarah (2016) Conceptualising capital assets: towards a framework for entrepreneurial places. In: 14th Rural Entrepreneurship Conference, 15-18 June 2016, University of Lincoln.

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Item Type:Conference or Workshop contribution (Presentation)
Item Status:Live Archive


Whilst the entrepreneur, as the agent of change, has long been recognised as a means of regional development, there is a growing realisation that a combination of factors conducive to creating entrepreneurial places exists. Indeed, within an ecosystems approach, a number of key ingredients are said to provide the optimum conditions for entrepreneurship to thrive, including: human capital, a conducive culture, access to finance and markets, appropriate institutional and policy support, and effective leadership (Isenberg, 2010). However, whilst these ingredients remain critical success factors, this paper advocates that a still broader range of criteria, or capital assets, need to be considered, to evaluate the potential of place-based entrepreneurial strategies. As an exploratory study, the presentation identifies forty-two assets developed from the extant literature, that are subsequently presented within a seven capitals framework (Emery and Flora 2006; O’Leary, Burkett and Braithwaite, 2011). The resulting entrepreneurial assets framework is offered for discussion and as a starting point for future research directions. The contribution of this presentation lies in understanding the interaction of the seven capitals from a systems perspective, to engage in a holistic analysis of the entrepreneurial development pathways for rural places.

Keywords:Rural entrepreneurship, Rural economy, Capital Assets, Built capital, Financial capital, Political capital, Social capital, Human capital, Cultural capital, Natural capital, Entrepreneurial ecosystems
Subjects:N Business and Administrative studies > N190 Business studies not elsewhere classified
L Social studies > L721 Economic Geography
L Social studies > L710 Human and Social Geography by area
Divisions:Lincoln International Business School
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ID Code:23248
Deposited On:24 Jun 2016 08:47

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