Entrepreneurial Human Capital and Firm Dynamics

2021 ◽  
Author(s):  
Francisco Queiro
Keyword(s):  
Human Capital ◽  
Firm Dynamics ◽  
Entrepreneurial Human Capital

Entrepreneurial Human Capital and Firm Dynamics

2021 ◽  
Author(s):  
Francisco Queiró
Keyword(s):  
Human Capital ◽  
Physical Capital ◽  
Firm Dynamics ◽  
Returns To Schooling ◽  
Cycle Growth ◽  
Key Driver ◽  
Underlying Mechanisms ◽  
The Right ◽  
Entrepreneurial Human Capital ◽  
The Universe

Abstract This paper shows that entrepreneurial human capital is a key driver of firm dynamics using administrative panel data on the universe of firms and workers in Portugal. Firms started by more educated entrepreneurs are larger at entry and exhibit higher life cycle growth. Consistent with an effect on growth, the thickness of the right tail of the size distribution increases with entrepreneur schooling. The evidence points to several underlying mechanisms, with technology adoption playing the most important part. I develop and estimate a model of firm dynamics that can parsimoniously account for these findings, and use it to draw aggregate implications. Accounting for the effect of entrepreneurial human capital on firm dynamics can substantially increase aggregate returns to schooling and the fraction of cross-country income differences explained by human and physical capital.

scholarly journals The growth of entrepreneurial human capital: origins and development of skill variety

2021 ◽  
Author(s):  
Alexander Krieger ◽  
Michael Stuetzer ◽  
Martin Obschonka ◽  
Katariina Salmela-Aro
Keyword(s):  
Human Capital ◽  
Structural Equation ◽  
Developmental Psychology ◽  
Entrepreneurial Intentions ◽  
Equation Modeling ◽  
Future Research ◽  
Early Variety ◽  
Prospective Longitudinal ◽  
Entrepreneurial Human Capital

AbstractGiven that recent research on entrepreneurial behavior and success has established skill variety as a central human capital factor, researchers, educators, and policymakers have turned their interest to a deeper understanding of the formation of skill variety. Based on human capital theory and the competence growth approach in developmental psychology (highlighting long-term, age-appropriate, and cumulative skill-growth processes), we hypothesize that a broad, early variety orientation in adolescence is a developmental precursor of such entrepreneurial human capital in adulthood. This was confirmed in an analysis of prospective longitudinal data via structural equation modeling and serial mediation tests. We also find that an entrepreneurial constellation of personality traits, but not entrepreneurial parents, predicts early variety orientation, skill variety, and entrepreneurial intentions. By shedding new light on the long-term formation of entrepreneurial human capital, the results suggest that establishing and benefiting from an early variety orientation is not only an important developmental mechanism in entrepreneurial careers but gives those with an entrepreneurial personality an early head start in their vocational entrepreneurial development. Implications for future research and practice are discussed.

scholarly journals Health as Human Capital in Entrepreneurship: Individual, Extension, and Substitution Effects on Entrepreneurial Success

2019 ◽  
Vol 45 (1) ◽  
pp. 18-42 ◽  
Author(s):  
Isabella Hatak ◽  
Haibo Zhou
Keyword(s):  
Human Capital ◽  
Substitution Effects ◽  
Entrepreneurial Success ◽  
Capital Theory ◽  
Biological Sex ◽  
Different Types ◽  
Spousal Health ◽  
Important Extension ◽  
Entrepreneurial Human Capital

This study investigates how entrepreneurial health and spousal health influence monetary and non-monetary entrepreneurial success. Drawing on human capital theory in combination with a family embeddedness perspective on entrepreneurship and applying actor–partner interdependence models to longitudinal data, we conclude that overall spousal health constitutes an important extension of entrepreneurs’ human capital influencing entrepreneurial success. This study further contributes to human capital research by offering interesting insights and novel theorizing on substitution effects for different types of entrepreneurial human capital, and adds to a biological perspective on entrepreneurship by considering the differential role of biological sex in the health–success relationship.

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