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Examining Entrepreneurial Potential

Pavlin Bonev, Henrik Egbert and Thomas Neumann

Bulgarian Economic Papers (www.bep.bg) from St Kliment Ohridski University of Sofia, Faculty of Economics and Business Administration / Center for Economic Theories and Policies

Abstract: Employing public resources for promoting entrepreneurships demands careful selection of candidates who are most promising to set up a successful entrepreneurial career. This study addresses the relation between an individuals’ entrepreneurial potential, identified through personality traits, and aspects of human and social capital, based on prior individual experiences in the domain of self?employment. A psychometric test, called F?DUPN, measures the strengths of personality traits considered relevant for successful entrepreneurial activity. To test our hypotheses we collected data of 166 individuals. All of them are university students or graduates and have indicated a specific interest in entrepreneurial activity. A major result is that participants experienced in self-employment, with self-employed parents and with self-employed friends show a higher entrepreneurial potential than participants who do not have these experiences or relations. Furthermore, we find in line with other studies that differences in entrepreneurial potential become less pronounced with increasing age. An interpretation is that personality traits significant for entrepreneurial activity are not stable over time and can also be acquired at a later stage in life.

Keywords: psychometric test; human capital; social capital; observational learning; F-DUP; self-employment experience; personality traits (search for similar items in EconPapers)
JEL-codes: M13 D80 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent and nep-sbm
Date: 2015-02, Revised 2015-02
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https://www.uni-sofia.bg/index.php/eng/content/dow ... file/BEP-2015-02.pdf First version, 2015 (application/pdf)

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Working Paper: Examining Entrepreneurial Potential (2014) Downloads
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