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Human capital in social and commercial entrepreneurship

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  • Estrin, Saul
  • Mickiewicz, Tomasz
  • Stephan, Ute

Abstract

We advance research on human capital and entrepreneurial entry and posit that, in order to generate value, social entrepreneurship requires different configurations of human capital than commercial entrepreneurship. We develop a multilevel framework to analyse the commonalities and differences between social and commercial entrepreneurship, including the impact of general and specific human capital, of national context and its moderating effect on the human capital-entrepreneurship relationship. We find that specific entrepreneurial human capital is relatively more important in commercial entrepreneurship, and general human capital in social entrepreneurship, and that the effects of human capital depend on the rule of law.

Suggested Citation

  • Estrin, Saul & Mickiewicz, Tomasz & Stephan, Ute, 2016. "Human capital in social and commercial entrepreneurship," Journal of Business Venturing, Elsevier, vol. 31(4), pages 449-467.
    • Handle: RePEc:eee:jbvent:v:31:y:2016:i:4:p:449-467
    DOI: 10.1016/j.jbusvent.2016.05.003
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    More about this item

    Keywords

    Human capital; Education; Commercial entrepreneurship; Social entrepreneurship; Institutions; Rule of law; Property rights; Global entrepreneurship monitor; Multi-level modelling;
    All these keywords.

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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