Start-up absorptive capacity: Does the owner’s human and social capital matter?
AbstractThis study investigates how business owner human and social capital affect start-up absorptive capacity under different environmental conditions. From our analysis of a sample of 199 Flemish start-ups, we observe that the owner’s start-up experience and bridging social capital are positively and significantly related to the new venture’s ability to acquire, assimilate and exploit external information. In addition, our findings reveal a positive but decreasing effect of owner specific human capital as a function of environmental turbulence. Furthermore, we find that management experience significantly stimulates start-up absorptive capacity within highly dynamic environments, whereas it hinders it within stable environments. Finally, implications and opportunities for future research are provided.
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Bibliographic InfoPaper provided by Katholieke Universiteit Leuven, Faculteit Economie en Bedrijfswetenschappen, Vives in its series Vives discussion paper series with number 30.
Date of creation: 2012
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-16 (All new papers)
- NEP-ENT-2012-09-16 (Entrepreneurship)
- NEP-HRM-2012-09-16 (Human Capital & Human Resource Management)
- NEP-INO-2012-09-16 (Innovation)
- NEP-SBM-2012-09-16 (Small Business Management)
- NEP-SOC-2012-09-16 (Social Norms & Social Capital)
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