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The Effect Of Human And Financial Capital On The Entrepreneurial Process: An Urban-Rural Comparison Of Entrepreneurs In Indiana

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  • Maria I. Marshall

    ()

  • Ananya Samal

    () (Department of Agricultural Economics, College of Agriculture, Purdue University)

Abstract

Entrepreneurship is a crucial ingredient of economic growth and job creation. Small business start-ups are currently of great interest to many state and local governments including Indiana. With the growing need to stimulate small business development, it is necessary to understand the obstacles faced by entrepreneurs as they attempt to start a business. The results have implications for small business development and university related centers and how they design programs to effectively meet the needs of entrepreneurs participating in small business start-ups. More explicitly, the results show that targeting educational programs by socio-economic and demographic segments would have lead to a better chance of programming success

Suggested Citation

  • Maria I. Marshall & Ananya Samal, 2006. "The Effect Of Human And Financial Capital On The Entrepreneurial Process: An Urban-Rural Comparison Of Entrepreneurs In Indiana," Working Papers 06-13, Purdue University, College of Agriculture, Department of Agricultural Economics.
  • Handle: RePEc:pae:wpaper:06-13
    as

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    References listed on IDEAS

    as
    1. Evans, David S & Jovanovic, Boyan, 1989. "An Estimated Model of Entrepreneurial Choice under Liquidity Constraints," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 808-827, August.
    2. Blanchflower, David G & Oswald, Andrew J, 1998. "What Makes an Entrepreneur?," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 26-60, January.
    3. Christian H. Gladwin & B. F. Long & Emerson M. Babb & D. Mulkey & D. J. Zimet & A. Moseley & L. J. Beaulieu, 1989. "Rural Entrepreneurship: One Key to Rural Revitalization," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(5), pages 1305-1314.
    4. Mark Henry & Mark Drabenstott & Lynn Gibson, 1986. "A changing rural America," Economic Review, Federal Reserve Bank of Kansas City, issue Jul, pages 23-41.
    5. Evans, David S & Leighton, Linda S, 1989. "Some Empirical Aspects of Entrepreneurship," American Economic Review, American Economic Association, vol. 79(3), pages 519-535, June.
    6. Zoltan J Acs & Catherine Armington, 2003. "Endogenous Growth and Entrepreneurial Activity in Cities," Working Papers 03-02, Center for Economic Studies, U.S. Census Bureau.
    7. Taylor, Mark P, 1996. "Earnings, Independence or Unemployment: Why Become Self-Employed?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 58(2), pages 253-266, May.
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    11. Jason Henderson, 2002. "Building the rural economy with high-growth entrepreneurs," Economic Review, Federal Reserve Bank of Kansas City, issue Q III, pages 45-70.
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    Cited by:

    1. Capelleras , Joan-Lluís & Contín-Pilart , Ignacio & Martin-Sanchez, Victor & Larraza-Kintana , Martín, 2013. "The influence of individual perceptions and the urban/rural environment on nascent entrepreneurship," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 26, pages 97-113.

    More about this item

    Keywords

    Human capital; financial capital; entrepreneurship; firm birth; rural;

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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