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|Title:||The impact of human capital on the early success of necessity versus opportunity-based entrepreneurs|
|Keywords:||Entrepreneur human capital;Necessity-based entrepreneurship;New firm survival;Opportunity-based entrepreneurship;Pre-entry capabilities;L26|
|Publisher:||Kluwer Academic Publishers|
|Citation:||Small Business Economics, 42(4), 831 - 847, (April 2014)|
|Abstract:||This paper examines whether founders' backgrounds influence new firm survival in the early years after startup, focusing, in particular, on the impact of unemployment-driven entrepreneurship. For entrepreneurs who left their previous employment to found a new firm, both general and specific human capital play a key role in enhancing early survival chances. However, various forms of human capital have little effect on early survival of unemployment-driven entrepreneurs, who rely mostly on previous entrepreneurial experience to persevere. Results suggest that pre-entry capabilities play an important role in the early success of opportunity-based entrepreneurs, but have little influence on the early success of necessity-based ones.|
|Appears in Collections:||Brunel Business School Research Papers|
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