Entrepreneur Human Capital Inputs and Small Business Longevity

1990 ◽  
Vol 72 (4) ◽  
pp. 551 ◽  
Author(s):  
Timothy Bates
Keyword(s):  
Human Capital ◽  
Small Business ◽  
Entrepreneur Human Capital

Human capital and labor: the effect of entrepreneur characteristics on venture success

2019 ◽  
Vol 25 (1) ◽  
pp. 29-49 ◽  
Author(s):  
Byungku Lee
Keyword(s):  
Human Capital ◽  
General Education ◽  
Hard Work ◽  
Content Type ◽  
Venture Performance ◽  
Human Labor ◽  
The Relationship ◽  
Industry Experience ◽  
Entrepreneur Human Capital

PurposeThe purpose of this paper is to offer a unique perspective on the role of entrepreneurs’ hard work for the relationship between entrepreneur human capital and venture success. To this end, this study examined whether entrepreneurs with high human capital work harder than entrepreneurs with low human capital, the effect of entrepreneurs’ hard work on venture performance, and whether entrepreneurs’ hard work mediates the relationship between entrepreneur human capital and venture performance.Design/methodology/approachIn this explorative study, the role of entrepreneurs’ hard work as a mediator that transfers entrepreneur human capital into venture success was examined in a sample of 2,648 single-founder startups in the USA and 21,184 observations during the period of 2004-2011.FindingsThe effect of entrepreneurs’ industry experience on entrepreneurs’ hard work was significantly positive, while the effect of entrepreneurs’ general education on entrepreneurs’ hard work was significantly negative. Moreover, entrepreneurs’ hard work was a significant predictor of venture success. Finally, the results showed that entrepreneurs’ hard work partially mediates the positive relationship between entrepreneurs’ industry experience and venture success.Originality/valueOn one hand, the link between human capital and firm performance has been studied thoroughly and findings so far support the positive link between them. On the other hand, there has been continuous criticism that human capital gained much of its attention at the expense of human labor. There is a paucity of research, however, that investigating the dynamics of the relationships between human capital and human labor. This study provides an empirical explanation of such dynamics of the relationships of human characteristics in the context of entrepreneurship.

Training in small business retailing: testing human capital theory

1999 ◽  
Vol 23 (7) ◽  
pp. 335-352 ◽  
Author(s):  
Marta Fernández Barcala ◽  
María José Sanzo Pérez ◽  
Juan Antonio Trespalacios Gutiérrez
Keyword(s):  
Human Capital ◽  
Small Business ◽  
Human Capital Theory ◽  
Capital Theory

From Good Communists to Even Better Capitalists? Entrepreneurial Pathways in Post-Socialist Romania

2004 ◽  
Vol 18 (2) ◽  
pp. 236-277 ◽  
Author(s):  
Cătălin Augustin Stoica
Keyword(s):  
Human Capital ◽  
Small Business ◽  
Cultural Capital ◽  
State Socialism ◽  
Basic Form ◽  
Network Resources ◽  
The Third ◽  
Peasant Workers ◽  
Organizational Experience ◽  
Political Capitalism

This article tests four theses regarding the origins of Romanian post-socialist entrepreneurs: (1) “political capitalism,” (2) “post-socialist managerialism,” (3) “capitalism from below,” and (4) “refuge from poverty.” The results of the analyses show that the former cadres are at an advantage in being employers due to their organizational experience and network resources. Nevertheless, in line with arguments advanced by the second thesis mentioned above, education, as the most basic form of human capital, plays an important role in this story of entrepreneurship. Consistent with the predictions of the third thesis, the experience in the second economy under state socialism, as a form of cultural capital, represents an asset for being an employer and a small business operator in 2000. Private farming is an avenue taken by former socialist farmers and by some of those who have lost their jobs after 1990, especially the former peasant-workers of state socialism.

Comparison of the Characteristics of Small Business in China and the U.S.

2013 ◽  
Vol 12 (5-6) ◽  
pp. 661-679
Author(s):  
Xinyue Ye ◽  
Mark Leipnik
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Small Business ◽  
Cultural Differences ◽  
Small Businesses ◽  
Local Economic Development ◽  
Business In China ◽  
Local Nature ◽  
The U.S ◽  
Geographic Perspective

Abstract This research deepens the existing literature on the local nature of the globalization of business. The authors argue for a comparative perspective in the study of small business in China and the U.S. At the same time, we investigate the roles of institutions and human capital in local economic development. The analysis of these phenomena are conducted based on a geographic perspective, since the desire for wealth and entrepreneurial motives may be universal, but national and regional realities and cultural differences can influence the choice and success of methods to initiate and promote small businesses.

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