Social Media For Entrepreneurship
Social Media For Entrepreneurship
Social Media For Entrepreneurship
https://www.emerald.com/insight/1355-2554.htm
Abstract
Purpose – This paper provides a structured literature review (SLR) about the effects of social media
technologies on entrepreneurship activities and processes, to identify relationships, connectivity and
interdependencies. The paper offers an outline of the past and the present literature and frames a future
research agenda.
Design/methodology/approach – The structured literature review has been conducted on 159 journal
papers extracted from Scopus, initially submitted to a bibliometric analysis. A final list of 69 papers published
in a variety of academic journals specialized in the field of entrepreneurship, information science and business
management has been analyzed through a content and bibliometric analysis.
Findings – Findings show that literature is really scant, and four research streams have been identified: Social
media for entrepreneurial learning and self-employment; social media as tools for entrepreneurial marketing;
social media as sources of entrepreneurial opportunities and finally, social media as enablers of networking and
entrepreneurial ecosystems.
Research limitations/implications – The limitations of the study regard the need for more holistic studies,
considering both the technological and the social aspects.
Practical implications – The findings demonstrate the actuality of the research focus and the need of a deep
exploration about the role of social media for the different forms of entrepreneurship process. This evidence
calls for a holistic and integrated framework.
Originality/value – The originality of the paper resides in a novel SLR with reference to the recent role of
social media for entrepreneurship. Despite the increasing literature, the debate in such field is still fragmented
and under-researched, offering a promising research field.
Keywords Entrepreneurship, Social media, Entrepreneurial marketing, Structured literature review
Paper type Literature review
Methodology
This study adopts a SLR methodology to investigate and analyze the research area on
“entrepreneurship” and “social media”, identifying the trends and growth of knowledge and
future potentialities in this promising research area (Centobelli et al., 2017; Massaro et al.,
2016; Petticrewand Roberts, 2006; Tranfield et al., 2003). The review of literature aims to
measure the impact of publications, to identify the most influential authors and the journals
that publish more articles, the most important keyword related. According to Pittaway and
Cope (2007), the SLRs represents an appropriate method for examining research on
entrepreneurship and more recently, thanks to the availability of numerous academic papers,
it has reached a significant progress that go beyond simply summarizing and deducting
researches. Moreover, the principles of SLRs provide adequate transparency and replicability
IJEBR as a research method (Armitage and Keeble-Allen, 2008; Tranfield et al., 2003). Literature
27,1 suggests different approaches for identifying the article to review and the phases to follow
that can be summarized as follows (Christoffersen, 2013; Dumay and Cai 2014; Massaro et al.,
2015a, b; Thorpe et al., 2005):
(1) Definition of the research questions;
(2) Write a research protocol;
152
(3) Determine the papers to analyze;
(4) Develop a coding framework;
(5) Perform a critical analysis and discussion, identifying future research and path.
Thus, the first phase in performing a SLR refers to the definition of three main research
questions (Massaro et al., 2016), that in our study can be expressed as follows:
RQ1. How is the entrepreneurship literature developing according to the prominent
adoption of social media?
RQ2. What is the focus of the literature within social media for entrepreneurship?
RQ3. What are the implications for the research in the field of social media for
entrepreneurship?
The first research question aims to define a “state of the art” in the literature about the
emerging phenomenon of social media, and its impact on the research topics related to
entrepreneurship. The second research question is more focused on the research stream of
social media for entrepreneurship in order to underline how so far the role of social media has
been studied with reference to the process of entrepreneurship. Finally, the third research
question helps the researchers to discuss and provide insights and implication in the fields of
social media for entrepreneurship.
The second phase of SLR regards the research protocol that requires the identification of
information sources, the methods, the mean and tools used for analyzes and synthesizes of
the studies (Petticrew and Roberts, 2006).
Afterward the third phase is to select the paper to include in the literature review: two search
strings are defined in order to launch the query in the scientific database, “entrepreneurship”
and “social media”. The scientific database used to extract articles was Scopus, a database that
provides an extensive coverage of articles and more than 20,000 peer-reviewed journals (Mishra
et al., 2017). Scopus have a larger number of papers than Web of science (WoS) (Thelwall, 2018),
and most of the papers indexed in WoS are included in Scopus as well (97%) (Waltman, 2016).
The fourth phase of coding framework has the objective to define the items to be analyzed
in the selected articles. For this study, we identified the following items for coding:
(1) Timing of publication: the evolution over the time of the number (Nr) of papers;
(2) Geographic distribution of papers: papers distribution among countries;
(3) Journals: distribution of papers among journals and citations received;
(4) Author and citations analysis: number of citations of articles, citations per year,
citations per year (CPY) ranking;
(5) Relevant keywords and topics: the most frequent of authors’ keywords used.
The final phase of SLR aims to perform a critical analysis and discussion of the selected
paper, identifying future research and path. The critical analysis is combined with a
bibliometric analysis in order to decrease errors and to enhance the value of the research Social media for
outcomes (Fahimnia et al., 2015; Feng et al., 2017). entrepreneurship
The selection of the paper was performed by extracting from Scopus database, the
documents that have both the search keywords stream: “entrepreneurship” and “social
media” in the title, abstract, author keywords and published only in journal, with exclusion of
conference papers, book chapters, research notes, editorials and commentaries (Keupp et al.,
2012). This is required to take in consideration only papers with empirically validated
knowledge (Podsakoff et al., 2005). This searching criteria result to be reproducible, 153
comprehensive and unbiased. The first result was a total of 159 paper published in the period
from January 2009 to August 2020, where 2009 is the year seeing the first paper. To define a
more convenient set of papers, some inclusion and exclusion criteria has been set, and three
researchers have been involved in the identification of the relevant articles for the subsequent
descriptive and cluster analysis, by reading autonomously the abstracts and titles.
The complete process of papers’ selection is represented in Figure 1:
(1) A total of 159 papers downloaded from Scopus database, after setting search stream;
(2) A total of 90 papers articles were excluded by researching after reading titles
and abstracts due to the fact that they covered or just the social media role or
Figure 1.
Research design and
phases
IJEBR the wide spectrum of entrepreneurship research without addressing at the same
27,1 time the role of social media for entrepreneurship. The articles considering
“entrepreneurship” with “social media”, after exclusion criteria 49 are useful for
further analyses.
(3) A csv format file was extracted with the following items: title, abstract, author(s),
authors’ keyword, number of citations, year, affiliation, sources and references.
154 Two kind of analysis were performed on the selected papers (69): a descriptive analysis and a
cluster analysis. Descriptive analysis aims to highlight some features of the publications,
such as the evolution on time of published papers, the distribution by country, with the
objective to highlight literature contribution in the specific topics within specific nation
(Massaro and Dumay, 2015a). Following the suggestions of Dumay (2014), it has also been
evaluated the impact of each paper, by comparing the number of citation and the CPY; finally,
citations and collaborations among authors are identified.
In order to extract the most frequent keywords, an occurrence analysis was performed.
After coding of articles, also manually by authors, in order to solve discrepancies and to
increase the validity of the results, data were analyzed with the tool VOSviewer, a tool for
constructing and visualizing bibliometric networks and clusters (Van Eck and Waltman,
2014). By using VOSviewer two different techniques have been adopted, such as
co-occurrence (Van Eck and Waltman, 2014) and bibliographic analysis. Co-occurrence
analysis (Van Eck and Waltman, 2014) allows to evaluate the relatedness of the articles on the
basis of common authors’ keywords. In VOSviewer, we set the unit of analysis as the
“author’s keywords” and as threshold in order to include paper with minimum two
occurrence of a keyword.
The bibliographic coupling techniques (Kessler, 1963) evaluate the relation of the articles
on the basis of the number of references that they share (Boyack and Klavans, 2010). In
adopting VOSviewer, units of analysis “documents” and as threshold papers with minimum
five citations of documents have been implemented.
For all analysis performed with VOSviewer, a fractional counting is used (Leydesdorff and
Opthof, 2010). Finally, a content analysis has been performed on each paper of the cluster
defined with VOSviewer in order to identify emerging research areas, research gaps and
issues for future directions. The main evidences coming from SRL are presented in the next
section.
Descriptive analysis
Articles evolution in time. Figure 2 represents the evolution of the article published from 2009
to 2020. As shown by the figure, the trend of the number of published articles as being
25
Social media for
20 entrepreneurship
20
NUMBER OF PAPERS
15 13 13
11
10 155
5
5
2
1 1 1 1 1 Figure 2.
0 Trend of the published
0 articles over the time
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 frame 2009–2020
YEAR OF PUBBLICATION
growing after 2014, the first articles date back 2009 (1) and the same number is registered in
three years later. From 2014, the trend is rising till to 20 papers published in 2019. In 2020, the
trend seems to be promising considering that 13 papers have been already published. This
demonstrates the actuality of the research focus and the need of a deep exploration in future
studies about the role of social media for the different forms of entrepreneurship process.
Subject areas of the article. In this section, the distribution of the articles according to
subject areas is analyzed. As it can be observed from Table 1, business, management and
accounting, social sciences, economics, econometrics and finance are the leading area along
with computer science and engineering. This evidence confirms the trend according to which
the need to analyze the strategic, organisational and economic impact of social media tools on
some processes; aspects and activities of the entrepreneurial process comes mainly from the
social science, where these tools are widely used for social purposes, and then moves to the
business and engineering field where they can be used for sustaining, enhancing and
speeding up the process of opportunity identification, to finish to their adoption for better
connecting the enterprises with the suppliers and customers.
Geography of the articles. To analyze the geography of the article published in the
monitored time, it has been take in consideration the distribution of the published article by
country and the relative citation by country (Figure 3). The total number of papers and
citations was calculated considering the involvement in the authorship of a country, a
university or a research center, in the case of authors of different countries, each of them had a
point. This kind of analysis allows us to understand which of the countries have a major
contribution in the research topics focused in this study: entrepreneurship and social media
stream. The total countries that contributed to the research about social media for
entrepreneurship are 31; this evidence explains the fragmentation of the studies, also among
countries, that range from the United States and the United Kingdom till Finland, Canada,
Taiwan and Zambia.
27,1 160
140
120
100
80
156 60
40
20
Zambia
Taiwan
United States
India
United Kingdom
Malaysia
Indonesia
Spain
South Korea
Australia
Switzerland
Egypt
Italy
Brazil
Ireland
France
Norway
Saudi Arabia
Canada
Iran
Turkey
Bagladesh
New Zealand
South Africa
Finland
Estonia
Pakistan
Russian Federation
Nigeria
United Arab Emirates
Sweden
Figure 3.
Geography of the
articles by number of
paper/citations per
country
NUMBER OF ARTICLES NUMBER OF CITATIONS
157
Figure 4.
Top seven countries
(VOSviewer
elaboration)
Author Cited
(-s) Title by Source Country (-ies)
158
Figure 5.
Network of co-cited
sources
140
126
118
120
100
80 75
60
Figure 6. 40 31
Number of citations 25 27 26
received by articles 20 12
over the time frame 0 2 2 4
2009–2020 0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Citations 12 25 27 31 0 2 2 26 126
Number of papers 1 1 1 1 0 1 2 5 13
The analysis of the most cited papers, listed in Table 3, demonstrates that the top three papers
have a number of citations from 29 to 31. It is interesting to note, as two of them have been
published in 2018 by demonstrating largely appreciated contributions by the community of
scholars and researchers in the field.
With the aim to have a clearer and larger overview of the citation trends, in Table 5 top ten
articles, the date of publication, the citation, the CPY and the CPY ranking are presented.
140
Social media for
120 entrepreneurship
100
80
60
159
40
20
Figure 7.
0
Number of articles
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 compared to the cited
articles
N. of papers N. citations
The trend of publications is also represented by Table 4 and the Figure 7 in which the lines
evidences the differences between the number of developed articles and related number of the
cited ones from 2009 to 2020. With the exception of the years 2014 and 2015, in which one
(2014) and two (2015) papers received only two citations, in the other years, citations exceed
the number of papers with the peak in 2017, where 13 paper received 126 citations. As already
underlined in 2013, no paper has been published. From 2009 to 2012, the only paper published
received citations between 11 and 22. By contrast, in 2019, the number of citations presents a
reduced trend of growth if considered the number of papers published in the same year, by
highlighting that some articles have been not considered influential in research or they will be
cited in the next years. Despite the limited portion of 2020 available, also in 2020, it seems that
there is limited interest for the paper published.
Table 5 illustrates the top ten articles published in the period analyzed along with the
relative CPY (Citation per Year) and the CPY ranking of the articles. The need to calculate the
CPY, according to Massaro et al. (2015a) is due to the less time to receive citations (Dumay,
2014). Evidences demonstrate that most cited article that is Ahmad et al. (2018) (Table 3) is not
the first in the ranking of CPY, but it is the second influential paper. In contrast, the paper
Rippa and Secundo (2019), despite it is published in 2019, is the most influential paper and is
ranked in the first position in the CPY ranking. These data remarks the importance of the
most recently paper published in 2018 and 2019.
Topics and common keywords
In order to extract the most common keyword and topics of the paper selected, an analysis
of keyword occurrences was performed with VOSviewer. Specifically, the analysis was
focused on the keyword used by authors, editors and publisher to link the articles published.
The analysis of authors’ keyword allows us to analyze “very large amounts of text without
losing touch with focusing on small amounts of the material in considerable depth”
(Silverman, 2013, p. 275). Keyword was extracted from the articles selected in our analysis
and subdivided in different clusters (Ribiere and Walter, 2013), according to their co-
occurrence in the same work. The results of this kind of analysis showed seven clusters,
setting the software with a threshold (fulfilled) that group together keywords that must
occurs at least two times and selecting only relevant keyword, removing terms such as
adoption, case studies, the United Arab Emirates, emirates. The results of clusters and
keyword are represented in the following Table 6 and Figure 8.
The most recurrent keyword is “SocialMedia” (62) and “entrepreneurship” (27) that
corresponds to the keywords defined in the queries on Scopus. These two keywords, as
IJEBR Cited Ranking
27,1 Authors Title Year Source title by CPY CPY
Figure 8.
Authors keywords’
cluster
Figure 9.
Clusters grouping
items with intersected
literature
Research areas Authors Year Citations Title
Social media for
entrepreneurship
Social media as technologies Jones and 2009 12 Entrepreneurship education and
for entrepreneurial learning Iredale Web 2.0
and self-employment (6 Hui et al. 2018 5 Making a living my way: necessity-
papers) driven entrepreneurship in resource-
constrained communities
Wu and Song 2019 13 Gratifications for social media use in 163
entrepreneurship courses: learners’
perspective
Nawi et al. 2017 7 Acceptance and usage of social
media as a platform among student
entrepreneurs
Brydges and 2019 9 Becoming a personal style blogger:
Sj€oholm changing configurations and
spatialities of aesthetic labor in the
fashion industry
Morris and 2017 11 Social media, an entrepreneurial
James opportunity for agriculture-based
enterprises
Social media as tools for Nakara et al. 2012 31 Entrepreneurship and social media
entrepreneurial marketing marketing: evidence from French
(6 papers) small business
Nambisan and 2016 16 The role of demand-side narratives
Zahra in opportunity formation and
enactment
Shemi and 2018 8 E-commerce and entrepreneurship
Procter in SMEs: case of myBot
Jose 2018 5 Strategic use of digital promotion
strategies among female emigrant
entrepreneurs in UAE
Duffy and 2017 27 Gender and self-enterprise in the
Pruchniewska social media age: a digital double
bind
Jones 2010 25 Entrepreneurial marketing and the
Web 2.0 interface
Social media as sources of Park et al. 2017 18 Does social media use influence
entrepreneurial opportunities entrepreneurial opportunity? A
(6 papers) review of its moderating role
Samuel and Joe 2016 5 Social media and entrepreneurship
Mack et al. 2017 20 Entrepreneurs’ use of Internet and
Social Media applications
Ahmad et al. 2018 31 Reflections of entrepreneurs of small
and medium-sized enterprises
concerning the adoption of social
media and its impact on
performance outcomes: evidence
from the UAE
Rippa and 2019 27 Digital academic entrepreneurship:
Secundo The potential of digital technologies
on academic entrepreneurship
Crammond et al. 2018 8 Managing knowledge through
social media: modeling an
entrepreneurial approach for Table 7.
Scottish SMEs and beyond Mapping of papers
according to the
(continued ) research areas
IJEBR Research areas Authors Year Citations Title
27,1
Social media as enablers of Wang et al. 2017 13 Analyzing entrepreneurial social
networking and networks with big data
entrepreneurial ecosystems (5 Drummond et al. 2018 16 The impact of social media on
papers) resource mobilisation in
entrepreneurial firms
164 Argyris and 2016 8 Knowledge entrepreneurship:
Ransbotham Institutionalising wiki-based
knowledge-management processes
in competitive and hierarchical
organisations
Estrin et al. 2018 29 The evolution and adoption of
equity crowdfunding: entrepreneur
and investor entry into a new
market
Sahaym et al. 2019 6 Crowdfunding success through
social media: going beyond
entrepreneurial orientation in the
context of small and medium-sized
Table 7. enterprises
168
IJEBR
Table 8.
Future research
for entrepreneurship”
areas of “social media
agenda in the research
Future research agenda: social media and entrepreneurship
Sub- research areas Description Research questions
Social media as technologies for Social media are identified as tools for developing (1) What value does entrepreneurial process derive from the
entrepreneurial learning and self entrepreneurial competencies at academic and impact of social media tools such as Facebook, LinkedIn and
-employment organisational level and for sustaining self-employment Twitter?
(2) Do entrepreneurs understand the full potentialities to support
the entrepreneurial process through the use of social media?
(3) How can social media technologies enhance information and
knowledge acquisition for entrepreneurial learning?
(4) How does the adoption of social media as Facebook, Twitter
and LinkedIn could improve competencies and attitude of
students’ entrepreneurs (especially in less innovative areas)?
(5) How do entrepreneurs use social media as platform for digital
entrepreneurship?
(6) Why social media could support the overcoming of gender
issues in entrepreneurship?
(7) How social media could support the self-employment of
women in digital entrepreneurship?
(8) How social media are being used within the enterprise
education? Which students’ performances could be supported
by social media?
(continued )
Future research agenda: social media and entrepreneurship
Sub- research areas Description Research questions
Social media as tools for Social media are used for the development of narrative (1) Which social media tools better support the entrepreneurs in
entrepreneurial marketing actions supporting value co-creation, knowledge sharing the marketing opportunities?
and interactions with potential customers (2) How social media help entrepreneurs, especially in SMEs in
marketing new product and services?
(3) Who are the “crowds” that contribute to entrepreneurship
thanks to the adoption of social media?
(4) How social media tools could improve and strengthen brand
reputation of SMEs?
(5) How social media support entrepreneurs in anticipating
customer needs and increase customer fidelity?
(6) Does social media facilitates the co-creation process among
entrepreneurs and customer?
(7) What is the impact of social media technologies on the
marketing activities and model of companies?
(8) To what extent the social media technologies contribute on the
economic performance of marketing activities?
(continued )
169
entrepreneurship
Social media for
Table 8.
27,1
170
IJEBR
Table 8.
Future research agenda: social media and entrepreneurship
Sub- research areas Description Research questions
Social media as sources of Social media are sources for identifying entrepreneurial (1) How do social media support knowledge sharing and
entrepreneurial opportunities opportunities, and are useful platforms for the growth of the opportunity recognition for digital entrepreneurship?
entrepreneurial practice and business (2) How can social networks (LinkedIn, Facebook, Twitter,
Googleþ, etc.) enhance students’ involvement in academic
entrepreneurship?
(3) How does big data analysis coming from social media could
enhance the opportunities identification in digital industries?
(4) How do the generativity effects produced by social media
platforms stimulate the emergence of entrepreneurial
opportunities in students and nascent entrepreneurs?
(5) Why social media could enhance the identification of several
opportunities in traditional industries?
(6) Why social media could develop value for the entrepreneurial
process?
(7) Which are the entrepreneurship activities/processes more
influenced by the social media revolution?
(8) How does the adoption of social media can facilitate crowd
funding for the start-up phase?
Social media as enablers of Social media enable networking forthe development of new (1) How does the cooperation enabled by social media among
networking and entrepreneurial ventures, collecting financial resources from a distributed entrepreneurs shape entrepreneurial processes and outcomes?
ecosystems community of stakeholders and sustaining relationships (2) How social media impacts on the entrepreneurial ecosystem
among enterprises supporting student start-ups?
(3) How social media facilitate and enable the creation of
entrepreneurial ecosystem among different stakeholders?
Findings show that despite the number of papers published on social media and Social media for
entrepreneurship in the period 2009–2020 is starting to reach a consistent volume, the entrepreneurship
analysis of their role as key factors and sources for new entrepreneurial discovery process
and for communicating the product and services on the market is still dominated by unrelated
research. Trends observed in terms of authors’ productivity, impact of their research in terms
of citations, and their geographical areas has depicted a profile of community of scholars and
researchers dispersed, with limited collaboration and the presence of a limited number of
authors really focused on the topics with outstanding performances. Despite this, the positive 171
trends of growth registered during 2018 and 2020 are promising. In the same direction, the
analysis of publications’ venues has allowed to identify a coherent correspondence between
the thematic specialization of the journals and the scientific contributions published,
although the need of consolidating the relevance of the issues of social media and
entrepreneurship needs to be more analyzed with reference to the different level of analysis
(macro, meso and micro) and with a specific focus on the single processes. The exploration of
such issues, through theoretical and empirical contributions, aims to overcome the limitations
that still characterize the debate on social media and entrepreneurship, through holistic and
multidisciplinary bases, to consolidate and increase the scientific background of a
community of scholars and researchers specialized in such topics, and to identify
unexplored and promising roots for scientific and practical speculations. This evidence
calls for a holistic and integrated frameworks aimed to comprehend the relevance and
implications of the single social media tools such as blog, Facebook and Twitter on the
specific steps and processes characterizing the entrepreneurial process. In motivating our
research to embrace a SLR, we have focused our attention on articles published in several
journals, moving from journals in the social science and business area to include journal with
information system and engineering view.
Limitations of the study. Some limitations can be identified into the keywords as well as
into the database chosen for framing the initial papers’ selection. As authors, we are aware
that this could represent a limitation since we cannot assume that valuable researches related
to our topics could have been published on different venues not listed in our database. Indeed,
we decided to select the key word social media without replicating the search on the single
social media tools (Facebook, Twitter and Blogs). Second, the validity of the evidences
collected are limited to the timing frame considered. Third, as every beginning of a new
journey (Massaro et al., 2016), a SLR is relevant for the contribution of inspiration more than
for the state of the art it is able to provide. Fourth, the review of the literature could be not so
exhaustive, with the exclusion of conference papers and book chapters. Lastly, while care was
taken to select a relevant range of search terms rapid advancements in the domain of social
media may mean that some terms were overlooked. However, it is believed that the review
conducted, and integrative framework developed will provide a useful foundation for future
research in the domain. Accordingly, we hope this work contributes to identify lacks in the
debate on social media and entrepreneurship and to be of inspiration for the future works of
scholars and practitioners interested into the advancement of such promising future
research areas.
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Corresponding author
Giustina Secundo can be contacted at: [email protected]
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