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| Tekijä: | Bosma, N. (et al.) |
| Otsikko: | The value of human and social capital investments for the business performance of startups |
| Lehti: | Small business economics
2004 : OCT, VOL. 23:3, p. 227-236 |
| Asiasana: | Entrepreneurship Small business Performance measurement Investments Human capital Netherlands |
| Vapaa asiasana: | Social capital SME |
| Kieli: | eng |
| Tiivistelmä: | This paper investigates the manifold posed question: "To what extent does investment in human and social capital, besides the effect of 'talent', enhance entrepreneurial performance?" Three different performance measures are distinguished : survival, profits, and generated employment. On the basis of the empirical analysis of a rich Dutch longitudinal data set of firm founders, it is concluded that specific investments indeed affect the three performance measures substantially and significantly. Specific attention is paid to the unobserved talent bias. In addition, the effect of the emergence of so called "knowledge industries" is explored. |
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