The Value of Human and Social Capital Investments for the Business Performance of Start-ups

Niels Bosma (), Mirjam Praag, Roy Thurik and Gerrit de Wit ()
Additional contact information
Gerrit de Wit: EIM Business and Policy Research, Zoetermeer

No 02-027/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: We investigate the manifold posed question: To what extent does investment in human and social capital, besides the effect of talent, enhance entrepreneurial performance? We distinguish 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 conclude 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.

This discussion paper has resulted in a publication in Small Business Economics , 2004, 23(3), 227-36.

Keywords: entrepreneurship; human capital; social capital; small business; start-ups; performance (search for similar items in EconPapers)
JEL-codes: D92 J24 M13 (search for similar items in EconPapers)
Date: 2002-03-13
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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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 Startups (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20020027

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