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

Author

Listed:
  • MONICA DIOCHON

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

  • TERESA V. MENZIES

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

  • YVON GASSE

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

Abstract

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.

Suggested Citation

  • Monica Diochon & Teresa V. Menzies & Yvon Gasse, 2008. "Exploring The Nature And Impact Of Gestation-Specific Human Capital Among Nascent Entrepreneurs," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 13(02), pages 151-165.
    • Handle: RePEc:wsi:jdexxx:v:13:y:2008:i:02:n:s1084946708000909
    DOI: 10.1142/S1084946708000909
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    Citations

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    Cited by:

    1. 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.
    2. Thorsten Semrau & Arndt Werner, 2014. "How Exactly Do Network Relationships Pay Off? The Effects of Network Size and Relationship Quality on Access to Start–Up Resources," Entrepreneurship Theory and Practice, , vol. 38(3), pages 501-525, May.
    3. Parker, Simon C., 2011. "Intrapreneurship or entrepreneurship?," Journal of Business Venturing, Elsevier, vol. 26(1), pages 19-34, January.
    4. 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.
    5. Simpy Malhotra & Ravi Kiran, 2023. "Examining the Relationship between Entrepreneurial Perceived Behaviour, Intentions, and Competencies as Catalysts for Sustainable Growth: An Indian Perspective," Sustainability, MDPI, vol. 15(8), pages 1-19, April.
    6. Donosa Dan, 2021. "Entrepreneurial Skills and Human Capital," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 336-343.
    7. Bettina Lynda Bastian & Beverly Dawn Metcalfe & Mohammad Reza Zali, 2019. "Gender Inequality: Entrepreneurship Development in the MENA Region," Sustainability, MDPI, vol. 11(22), pages 1-26, November.
    8. Abeer Alomani & Rui Baptista & Suma S. Athreye, 2022. "The interplay between human, social and cognitive resources of nascent entrepreneurs," Small Business Economics, Springer, vol. 59(4), pages 1301-1326, December.
    9. Dawn DeTienne & Melissa Cardon, 2012. "Impact of founder experience on exit intentions," Small Business Economics, Springer, vol. 38(4), pages 351-374, May.

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