The impact of human capital on the early success of necessity versus opportunity-based entrepreneurs
AbstractThis paper examines whether founders’ backgrounds influence new firm survival in the early years after startup, focusing, in particular, on the impact of unemployment-driven entrepreneurship. For entrepreneurs who left their previous employment to found a new firm, both general and specific human capital play a key role in enhancing early survival chances. However, various forms of human capital have little effect on early survival of unemployment-driven entrepreneurs, who rely mostly on previous entrepreneurial experience to persevere. Results suggest that pre-entry capabilities play an important role in the early success of opportunity-based entrepreneurs, but have little influence on the early success of necessity-based ones. Copyright Springer Science+Business Media New York 2014
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Bibliographic InfoArticle provided by Springer in its journal Small Business Economics.
Volume (Year): 42 (2014)
Issue (Month): 4 (April)
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Web page: http://www.springerlink.com/link.asp?id=100338
Entrepreneur human capital; Pre-entry capabilities; New firm survival; Opportunity-based entrepreneurship; Necessity-based entrepreneurship; L26;
Find related papers by JEL classification:
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
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