Scandinavian Working Papers in Economics

Papers in Innovation Studies,
Lund University, CIRCLE - Centre for Innovation Research

No 2021/8: Resilience after a large firm's closure: the role of place leadership, local resources, and social capital in the transformation of an Entrepreneurial Ecosystem

Janna Alvedalen ()
Additional contact information
Janna Alvedalen: CIRCLE, Lund University, Postal: CIRCLE - Centre for Innovation Research, Lund University, PO Box 117, SE-22100 Lund, Sweden

Abstract: Studies have argued for the pivotal role of large firms in Entrepreneurial Ecosystems (EE). The sudden closure of large firms can be expected to have a substantial negative impact on an EE. This paper investigates the resilience of an EE in the aftermath of a large firm exit in the Lund region. A qualitative case study shows how agency and resources turned the local EE into a dynamic center for Life Sciences. Factors that contributed to the resilience of the EE in Lund were entrepreneurial place leadership, local resources, and social capital. The study provides a framework to understand the transformation of an EE after a crisis.

Keywords: entrepreneurial ecosystem; resilience; place leadership; social capital; entrepreneurship; closure of large firm

JEL-codes: L26; M21; O33

36 pages, August 20, 2021

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