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Exploring The Nature And Impact Of Gestation-Specific Human Capital Among Nascent Entrepreneurs


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    (Schwartz School of Business Administration and Information Systems, St. Francis Xavier University, Antigonish, Nova Scotia, Canada B2G 2W5, Canada)


    (Faculty of Business, Brock University, St. Catharines, Ontario, Canada L2S 3A1, Canada)


    (Faculté des sciences de l'administration, Université Laval, Sainte-Foy, PQ, Canada G1K 7P4, Canada)

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    This article explores the nature and impact of gestation-specific human capital on successful start-up among a random sample of Canadian nascent entrepreneurs. Although much is known about the relationship between individual-level factors and the probability of becoming a nascent entrepreneur, the same cannot be said for the relationship between individual-level factors and success in starting a business. Previous studies of existing business founders indicate that general human capital (education and work experience) plays a role in opportunity identification, but at best plays a very weak role in opportunity pursuit. In light of these findings we sought to identify elements of human capital that would be specific to gestation–previous start-up experience, completion of classes or workshops in starting a business, and financial management capability (FMC). In documenting these elements, we found the majority of the sample had not taken any classes or workshops on starting a business, were novices to the start-up process, and were characterized by a wide range of financial management capability. Among those nascent entrepreneurs who succeeded in starting a business, FMC was found to be associated with sustainability. We conclude by discussing implications for researchers.

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    Bibliographic Info

    Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal Journal of Developmental Entrepreneurship.

    Volume (Year): 13 (2008)
    Issue (Month): 02 ()
    Pages: 151-165

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    Handle: RePEc:wsi:jdexxx:v:13:y:2008:i:02:p:151-165

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    Keywords: Nascent entrepreneurs; financial management capability; gestation-specific human capital; new venture creation;


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    Cited by:
    1. Parker, Simon C., 2011. "Intrapreneurship or entrepreneurship?," Journal of Business Venturing, Elsevier, vol. 26(1), pages 19-34, January.
    2. Dawn DeTienne & Melissa Cardon, 2012. "Impact of founder experience on exit intentions," Small Business Economics, Springer, vol. 38(4), pages 351-374, May.
    3. Semrau, Thorsten & Werner, Arndt, 2009. "How exactly do networking Investments pay off? Analyzing the impact of nascent Entrepreneurs networking Investments on Access to Start-Up Resources," MPRA Paper 18350, University Library of Munich, Germany.
    4. Belso-Martinez, Jose A. & Molina-Morales, F. Xavier & Mas-Verdu, Francisco, 2013. "Combining effects of internal resources, entrepreneur characteristics and KIS on new firms," Journal of Business Research, Elsevier, vol. 66(10), pages 2079-2089.
    5. Per Davidsson & Scott Gordon, 2012. "Panel studies of new venture creation: a methods-focused review and suggestions for future research," Small Business Economics, Springer, vol. 39(4), pages 853-876, November.


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