Examining the formation of human capital in entrepreneurship: A meta-analysis of entrepreneurship education outcomes
Effective human capital formation through the medium of entrepreneurship education and training (EET) is of increasing concern for governments, as EET is growing rapidly across the world. Unfortunately, there is a lack of consistent evidence showing that EET helps to create more or better entrepreneurs. We undertake the first quantitative review of the literature and, in the context of human capital theory, find that there is indeed support for the value of EET. Based on 42 independent samples (N=16,657), we find a significant relationship between EET and entrepreneurship-related human capital assets (rw=.217) and entrepreneurship outcomes (rw=.159). The relationship between EET and entrepreneurship outcomes is stronger for academic-focused EET interventions (rw=.238) than for training-focused EET interventions (rw=.151). We find evidence of heterogeneity in many of our correlations, and recommend that future studies examine potential moderators to more clearly delineate EET effect sizes. We also find a number of methodological weaknesses among the studies analyzed and that those studies with lower methodological rigor are overstating the effect of EET. Recommendations to improve the quality of future work in the field are provided.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 28 (2013)
Issue (Month): 2 ()
|Contact details of provider:|| Web page: http://www.elsevier.com/locate/jbusvent|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Zarutskie, Rebecca, 2010. "The role of top management team human capital in venture capital markets: Evidence from first-time funds," Journal of Business Venturing, Elsevier, vol. 25(1), pages 155-172, January.
- von Graevenitz, Georg & Harhoff, Dietmar & Weber, Richard, 2010.
"The effects of entrepreneurship education,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 76(1), pages 90-112, October.
- Weber, Richard & Graevenitz, Georg von & Harhoff, Dietmar, 2009. "The Effects of Entrepreneurship Education," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 269, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Georg Von Graevenitz & Dietmar Harhoff & Richard Weber, 2010. "The Effects of Entrepreneurship Education," Post-Print hal-00856605, HAL.
- Weber, Richard & Graevenitz, Georg von & Harhoff, Dietmar, 2009. "The Effects of Entrepreneurship Education," Discussion Papers in Business Administration 10966, University of Munich, Munich School of Management.
- Chandler, Gaylen N. & Hanks, Steven H., 1998. "An examination of the substitutability of founders human and financial capital in emerging business ventures," Journal of Business Venturing, Elsevier, vol. 13(5), pages 353-369, September.
- Justin van der Sluis & Mirjam van Praag & Wim Vijverberg, 2005. "Entrepreneurship Selection and Performance: A Meta-Analysis of the Impact of Education in Developing Economies," World Bank Economic Review, World Bank Group, vol. 19(2), pages 225-261.
- Cassar, Gavin, 2006. "Entrepreneur opportunity costs and intended venture growth," Journal of Business Venturing, Elsevier, vol. 21(5), pages 610-632, September.
- Unger, Jens M. & Rauch, Andreas & Frese, Michael & Rosenbusch, Nina, 2011. "Human capital and entrepreneurial success: A meta-analytical review," Journal of Business Venturing, Elsevier, vol. 26(3), pages 341-358, May.
- Michaelides, Marios & Benus, Jacob, 2012. "Are self-employment training programs effective? Evidence from Project GATE," Labour Economics, Elsevier, vol. 19(5), pages 695-705.
- Michaelides, Marios & Benus, Jacob, 2010. "Are self-employment training programs effective? Evidence from Project GATE," MPRA Paper 20880, University Library of Munich, Germany.
- Michaelides, Marios & Benus, Jacob, 2010. "Are self-employment training programs effective? Evidence from Project GATE," MPRA Paper 20883, University Library of Munich, Germany.
- Katz, Jerome A., 2003. "The chronology and intellectual trajectory of American entrepreneurship education: 1876-1999," Journal of Business Venturing, Elsevier, vol. 18(2), pages 283-300, March.
- Colombo, Massimo G. & Grilli, Luca, 2005. "Founders' human capital and the growth of new technology-based firms: A competence-based view," Research Policy, Elsevier, vol. 34(6), pages 795-816, August.
- Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66, pages 281-281.
- Souitaris, Vangelis & Zerbinati, Stefania & Al-Laham, Andreas, 2007. "Do entrepreneurship programmes raise entrepreneurial intention of science and engineering students? The effect of learning, inspiration and resources," Journal of Business Venturing, Elsevier, vol. 22(4), pages 566-591, July.
- Alain Fayolle & B. Gailly & N. Lassas-Clerc, 2006. "Assessing the Impact of Entrepreneurship Education Programmes: A New Methodology," Post-Print halshs-00133044, HAL.
- Davidsson, Per & Honig, Benson, 2003. "The role of social and human capital among nascent entrepreneurs," Journal of Business Venturing, Elsevier, vol. 18(3), pages 301-331, May.
- Oosterbeek, Hessel & van Praag, Mirjam & Ijsselstein, Auke, 2010. "The impact of entrepreneurship education on entrepreneurship skills and motivation," European Economic Review, Elsevier, vol. 54(3), pages 442-454, April.
- A. Fayolle & N. Lassas-Clerc & A. Tounes, 2009. "”The effects of Real vs. Virtual Business Planning as Learning Process," Post-Print halshs-00553552, HAL. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:eee:jbvent:v:28:y:2013:i:2:p:211-224. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.