The Value of Human and Social Capital Investments for the Business Performance of Startups

Gerrit de Wit, Niels Bosma (), Roy Thurik and Mirjam Praag

No N200204, Scales Research Reports from EIM Business and Policy Research

Abstract: We investigated the manifold posed question: To what extent does investment in human and social capital, besides the effect of 'talent', enhance entrepreneurial performance?. We distinguished between three different performance measures: survival, profits, and generated employment. On the basis of the empirical analysis of a rich Dutch longitudinal data set of firm founders, we concluded that specific investments indeed affect the three performance measures substantially and significantly. Specific attention is paid to the unobserved talent bias. Moreover, the effect of the emergence of so-called 'knowledge industries' is explored.

Pages: 20 pages
Date: 2002-07-01
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Citations: View citations in EconPapers (8)

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Related works:
Journal Article: The Value of Human and Social Capital Investments for the Business Performance of Startups (2004)
Working Paper: The Value of Human and Social Capital Investments for the Business Performance of Start-ups (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:eim:papers:n200204

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