Journal ArticleDOI
The Effects of General and Specific Human Capital on Long-Term Growth and Failure of Newly Founded Businesses
Andreas Rauch,Serge A. Rijsdijk +1 more
TLDR
In this paper, the authors used human capital theory to explain how newly founded business ventures achieve long-term growth and reduce their chances of failure using a sample of 201 business start-ups and assessing growth and venture failure over a period of 12 years.Abstract:
The model developed in this paper draws on human capital theory to explain how newly founded business ventures achieve long-term growth and reduce their chances of failure Using a sample of 201 business start-ups and assessing growth and venture failure over a period of 12 years, we found that general and specific human capital lead to growth and failure in different ways More specifically, we found that the effect of general human capital on failure was mediated by growth Unexpectedly, specific human capital was not related to growth and had direct negative effects on business failureread more
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Human capital in social and commercial entrepreneurship
TL;DR: In this paper, the authors develop a multilevel framework to analyse the commonalities and differences between social and commercial entrepreneurship, including the impact of general and specific human capital, of national context and its moderating effect on the human capital-entrepreneurship relationship.
Journal ArticleDOI
Entrepreneurial Team Composition Characteristics and New Venture Performance: A Meta‐Analysis
Linlin Jin,Kristen Madison,Nils Daniel Kraiczy,Franz W. Kellermanns,T. Russell Crook,Jing Xi +5 more
TL;DR: In this article, the authors highlight the importance of top management teams in large and established firms; however, effects are not always clear outside of this context, due to the unique nature of new...
Journal ArticleDOI
Does Founders' Human Capital Matter for Innovation? Evidence from Japanese Start‐ups
TL;DR: In this paper, the authors explored whether and how founders' human capital affects the innovation outcomes of start-ups and found that founders with greater human capital had better innovation outcomes than others.
Journal ArticleDOI
The impact of government financial support on the performance of new firms: the role of competitive advantage as an intermediate outcome
TL;DR: In this paper, the impact of government financial support on new firms' performance was examined using new firms from the USA, and the authors found that competitive advantage formation was a link between support policies and new firms" performance.
Journal ArticleDOI
Institutional drivers of high-growth firms: country-level evidence from 26 transition economies
TL;DR: In this paper, the influence of formal and informal institutions on high growth firms (HCF) prevalence in 26 transition countries over a long period comprising three panels between 1998 and 2009.
References
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Journal ArticleDOI
Sample Selection Bias as a Specification Error
TL;DR: In this article, the bias that results from using non-randomly selected samples to estimate behavioral relationships as an ordinary specification error or "omitted variables" bias is discussed, and the asymptotic distribution of the estimator is derived.
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The Promise of Entrepreneurship as a Field of Research
TL;DR: In this article, the authors draw upon previous research conducted in the different social science disciplines and applied fields of business to create a conceptual framework for the field of entrepreneurship, and predict a set of outcomes not explained or predicted by conceptual frameworks already in existence in other fields.
Book
Schooling, Experience, and Earnings
TL;DR: In this article, the authors analyzed the distribution of worker earnings across workers and over the working age as consequences of differential investments in human capital and developed the human capital earnings function, an econometric tool for assessing rates of return and other investment parameters.
Journal ArticleDOI
Prior Knowledge and the Discovery of Entrepreneurial Opportunities
TL;DR: In this article, the authors argue that opportunity discovery is a function of the distribution of information in society, and they show that entrepreneurs discover opportunities related to the information that they already possess.