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The Influence of Social Business Networks of Top Managers on the Financial Performance of UK Biopharmaceutical SMEs
Abstract
The influence of business social networks on the financial performance of entrepreneurial ventures was extensively studied in the literature. However, a need for a more dynamic perspective, centered on firms’ evolution, was identified by academics and professionals. This chapter attempts to address this knowledge gap, investigating a sample of UK biopharmaceutical SMEs, from various stages of the corporate lifecycle. This approach permits a comparison between the structure of formal and informal networks of the manager/entrepreneur, in various corporate phases of evolution, and an analysis of the statistical relation between the size of networks and specific financial performance indicators.
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