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

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


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


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

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    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.

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    Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal Journal of Developmental Entrepreneurship.

    Volume (Year): 13 (2008)
    Issue (Month): 02 ()
    Pages: 151-165

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    Handle: RePEc:wsi:jdexxx:v:13:y:2008:i:02:p:151-165
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