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Health as Human Capital in Entrepreneurship: Individual, Extension, and Substitution Effects on Entrepreneurial Success

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  • Isabella Hatak
  • Haibo Zhou

Abstract

This study investigates how entrepreneurial health and spousal health influence monetary and non-monetary entrepreneurial success. Drawing on human capital theory in combination with a family embeddedness perspective on entrepreneurship and applying actor–partner interdependence models to longitudinal data, we conclude that overall spousal health constitutes an important extension of entrepreneurs’ human capital influencing entrepreneurial success. This study further contributes to human capital research by offering interesting insights and novel theorizing on substitution effects for different types of entrepreneurial human capital, and adds to a biological perspective on entrepreneurship by considering the differential role of biological sex in the health–success relationship.

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  • Isabella Hatak & Haibo Zhou, 2021. "Health as Human Capital in Entrepreneurship: Individual, Extension, and Substitution Effects on Entrepreneurial Success," Entrepreneurship Theory and Practice, , vol. 45(1), pages 18-42, January.
    • Handle: RePEc:sae:entthe:v:45:y:2021:i:1:p:18-42
    DOI: 10.1177/1042258719867559
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    4. Luiz Antonio de Camargo Guerrazzi & Fernando Antonio Ribeiro Serra & Manuel Portugal Ferreira & Vanessa Vasconcelos Scazziota, 2022. "Using Meta-Analytic Structural Equation Modelling to Advance Entrepreneurship Research: A Study on the Liabilities of Newness and Smallness," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 31(3), pages 603-631, November.
    5. Yuji Honjo & Kenta Ikeuchi & Hiroki Nakamura, 2022. "The Mediating Effect of Financial Motives in the Association between Entrepreneurial Experience and Subjective Well-Being: Evidence from Japan," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(2), pages 1043-1067, April.
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    7. Adnane Maalaoui & Nada Rejeb & Meriam Razgallah & Mirko Perano & Alberto Dello Strologo, 2023. "Perceived health as human capital in entrepreneurial intention among people with disability," International Entrepreneurship and Management Journal, Springer, vol. 19(3), pages 1367-1394, September.
    8. Jabeur, Sami Ben & Ballouk, Houssein & Mefteh-Wali, Salma & Omri, Anis, 2022. "Forecasting the macrolevel determinants of entrepreneurial opportunities using artificial intelligence models," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
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