English, Article edition: EXPLORING THE NATURE AND IMPACT OF GESTATION-SPECIFIC HUMAN CAPITAL AMONG NASCENT ENTREPRENEURS MONICA DIOCHON; TERESA V. MENZIES; YVON GASSE

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Physical Description
  • article
Language
  • English

Edition details

Title
  • EXPLORING THE NATURE AND IMPACT OF GESTATION-SPECIFIC HUMAN CAPITAL AMONG NASCENT ENTREPRENEURS
Author
  • MONICA DIOCHON
  • TERESA V. MENZIES
  • YVON GASSE
Physical Description
  • article
Notes
  • This article explores the nature and impact of gestation-specific human capital on successful start-up among a random sample of Canadian nascent entrepreneurs. Although much is known about the relationship between individual-level factors and the probability of becoming a nascent entrepreneur, the same cannot be said for the relationship between individual-level factors and success in starting a business. Previous studies of existing business founders indicate that general human capital (education and work experience) plays a role in opportunity identification, but at best plays a very weak role in opportunity pursuit. In light of these findings we sought to identify elements of human capital that would be specific to gestationâprevious start-up experience, completion of classes or workshops in starting a business, and financial management capability (FMC). In documenting these elements, we found the majority of the sample had not taken any classes or workshops on starting a business, were novices to the start-up process, and were characterized by a wide range of financial management capability. Among those nascent entrepreneurs who succeeded in starting a business, FMC was found to be associated with sustainability. We conclude by discussing implications for researchers.
  • Nascent entrepreneurs, financial management capability, gestation-specific human capital, new venture creation
  • RePEc:wsi:jdexxx:v:13:y:2008:i:02:p:151-165
Language
  • English
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