RT journal article T1 What you know or who you know? The role of intellectual and social capital in opportunity recognition A1 Ramos Rodríguez, Antonio Rafael A1 Medina Garrido, José Aurelio A1 Lorenzo Gómez, José Daniel A1 Ruiz Navarro, José A2 Organización de Empresas K1 intellectual capital K1 social capital K1 entrepreneurship K1 opportunity recognition AB The recognition of business opportunities is the first stage in the entrepreneurial process. The current work analyzes the effects of individuals’ possession of and access to knowledge on the probability of recognizing good business opportunities in their area of residence. The authors use an eclectic theoretical framework consisting of intellectual and social capital concepts. In particular, they analyze the role of individuals’ educational level, their perception that they have the right knowledge and skills to start a business, whether they own and manage a firm, their contacts with other entrepreneurs, and whether they have been business angels. The hypotheses proposed here are tested using data collected for the GEM project in Spain in 2007. The results show that individuals’ access to external knowledge through the social networks in which they participate is fundamental for developing the capacity to recognize new business opportunities. PB SAGE PUBLICATIONS LTD SN 0266-2426 YR 2010 FD 2010 LK http://hdl.handle.net/10498/29605 UL http://hdl.handle.net/10498/29605 LA eng DS Repositorio Institucional de la Universidad de Cádiz RD 21-sep-2026