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Title: The impact of human capital on the early success of necessity versus opportunity-based entrepreneurs
Authors: Baptista, R
Karaöz, M
Mendonça, J
Keywords: Entrepreneur human capital;Necessity-based entrepreneurship;New firm survival;Opportunity-based entrepreneurship;Pre-entry capabilities;L26
Issue Date: 2014
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.
ISSN: 0921-898X
Appears in Collections:Brunel Business School Research Papers

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