The Interplay of Human and Social Capital in Shaping Entrepreneurial Performance: The Case of Vietnam

Enrico Santarelli and H. T. Tran

Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna

Abstract: This study investigates the effects of human capital, social capital and their interaction on the performance of 1,398 Vietnamese new-born firms. Operating profit is used as the measure of success. Human capital is captured by individual-level professional education, start-up experience, and learning. Whereas the first two dimensions of human capital are measured with traditional indicators, we define learning as ability to accumulate knowledge to conduct innovation activities (new product introduction, product innovation and process innovation). Social capital is measured as benefits obtained from personal strong-tie and weak-tie networks. Key findings are three-fold: (i) human capital strongly predicts firm success, with learning exerting a statistically significant positive impact on operating profit; (ii) benefits from weak ties outweigh those from strong ties; (iii) interaction of human capital and social capital displays a statistically significant positive effect on new-firm performance.

JEL-codes: J24 L14 L25 L26 O53 (search for similar items in EconPapers)
Date: 2012-01
New Economics Papers: this item is included in nep-cse, nep-ent, nep-hrm, nep-ino, nep-sbm and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: The interplay of human and social capital in shaping entrepreneurial performance: the case of Vietnam (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:bol:bodewp:wp803

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