Human capital and start-up success of nascent entrepreneurs
AbstractWe explore the role of human capital aspects in explaining whether nascents succeed in the start-up of a new venture. The data used are based on a survey among nascent entrepreneurs in Germany and the Netherlands supplemented by follow-up interviews one year after the first contact. Applying multinomial probit estimations we find that several human capital aspects are related to the probability of getting the business started. For example, a high general degree of human capital (i.e. holding a university degree) lowers the likelihood to succeed in the start-up of the venture, whereas recent employment experience (as opposed to being unemployed or out of the labor force) increases start-up success. Furthermore, we find that specialists are more likely to succeed in getting their business started than generalists.
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Bibliographic InfoPaper provided by EIM Business and Policy Research in its series Scales Research Reports with number H201013.
Length: 25 pages
Date of creation: 18 Mar 2010
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-03-28 (All new papers)
- NEP-ENT-2010-03-28 (Entrepreneurship)
- NEP-HRM-2010-03-28 (Human Capital & Human Resource Management)
- NEP-LAB-2010-03-28 (Labour Economics)
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