Start-up absorptive capacity: Does the owner’s human and social capital matter?
This 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.
|Date of creation:||2012|
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Web page: http://www.econ.kuleuven.be/vives
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