Human capital in social and commercial entrepreneurship

Saul Estrin, Tomasz Mickiewicz and Ute Stephan

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We advance research on human capital and entrepreneurial entry and posit that, in order to generate value, social entrepreneurship requires different configurations of human capital than commercial entrepreneurship. We develop a multilevel framework to analyse the commonalities and differences between social and commercial entrepreneurship, including the impact of general and specific human capital, of national context and its moderating effect on the human capital-entrepreneurship relationship. We find that specific entrepreneurial human capital is relatively more important in commercial entrepreneurship, and general human capital in social entrepreneurship, and that the effects of human capital depend on the rule of law.

Keywords: human capital; education; commercial entrepreneurship; social entrepreneurship; institutions; rule of law; property rights; global entrepreneurship monitor; multi-level modelling (search for similar items in EconPapers)
JEL-codes: L81 (search for similar items in EconPapers)
Date: 2016-07
New Economics Papers: this item is included in nep-ino and nep-sbm
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Citations: View citations in EconPapers (97)

Published in Journal of Business Venturing, July, 2016, 31(4), pp. 449-467. ISSN: 0883-9026

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Related works:
Journal Article: Human capital in social and commercial entrepreneurship (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:67964

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