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THE CENTER FOR ECONOMY AND SOCIETYCORNELL UNIVERSITY, DEPARTMENT OF SOCIOLOGY
CSES WORKING PAPER SERIESPAPER # 6
James N. Baron and Michael T. Hannan
“The Economic Sociology of Organizational Entrepreneurship:Lessons from the Stanford Project on Emerging Companies”
 
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The Economic Sociology of Organizational Entrepreneurship:Lessons from the Stanford Project on Emerging Companies
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 James N. Baron and Michael T. HannanGraduate School of BusinessStanford UniversityStanford, CA 94305–5015
 
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September 3, 2003
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Prepared for conference on “The Economic Sociology of Capitalism,” Cornell University, September 28-29,2001. Please do not quote, cite, or distribute without authors’ permission. We acknowledge generous supportfrom the Stanford Graduate School of Business, particularly the Center for Entrepreneurial Studies, the HumanResources Initiative, and the Stanford Graduate School of Business Trust, which enabled us to carry out theresearch described in this paper. We are also very grateful to Diane Burton, Greta Hsu, Ozgecan Kocak, DanielStewart, Aimee Noelle-Swanson, and the many other past and current students who have assisted in the SPECproject. In conducting this research, we have also received a great deal of helpful advice, input, and supportfrom colleagues at Stanford, particularly Glenn Carroll, Irv Grousbeck, Charles Holloway, David Kreps,Charles O’Reilly, Joel Podolny, and Garth Saloner. We have also benefited from conversations with numerousentrepreneurs, human resources professionals, and venture capitalists about these results; we wish in particularto acknowledge and thank Debra Engel, Kathryn Gould, Felda Hardymon, Mike Levinthal, Burt McMurtry, andWilliam Unger. Please direct correspondence to James N. Baron, Graduate School of Business, StanfordUniversity, Stanford, CA 94305-5015;baron_james@gsb.stanford.edu.
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