Entrepreneurs’ human capital and growth aspirations: the moderating role of regional entrepreneurial culture

Capelleras, Joan-Lluís; Contín-Pilart, Ignacio; Larraza‐Kintana, Martín; Martin-Sanchez, Victor

doi:10.1007/s11187-017-9985-0

Cited by 87 publications

(87 citation statements)

References 96 publications

(159 reference statements)

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“…When in doubt about the exact contribution of a paper to our research question, we reviewed the entire paper. We identified several papers focusing on the effects of role models on entrepreneurial aspirations (Capelleras et al 2019), entrepreneurial potential (e.g., Galloway and Kelly 2009;Krueger and Brazeal 1994), entrepreneurial fear of failure (Wyrwich et al , 2018, entrepreneurial awareness and mindset (Robinson et al 2016), and on self-efficacy (e.g., Dempsey and Jennings 2014). However, we decided to exclude these papers from our review, as the focus of our research is on entrepreneurial intentions and behavior.…”

Section: Methodsmentioning

confidence: 99%

The impact of role models on entrepreneurial intentions and behavior: a review of the literature

2020

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Despite the presence of the term 'entrepreneurial role model' (ERM) in the discourse on entrepreneurship, existing empirical evidence on the effects of role models is rather limited. By investigating 86 published journal articles, we provide a structured overview of the academic research on role models' effects on entrepreneurial intentions and behavior. We reveal that prior research focuses particularly on different types of role models (by whom), at which stage of life (when) and in which context the exposure to role models occurs. We use these research areas to structure our review. By expanding the understanding of the current state of ERM research, we reveal research gaps and provide future research recommendations. Our work could help policy makers and educators consider the different types of role models, the sociocultural context and the life cycle stage of the participants in structuring their entrepreneurship education programs.

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Section: Methodsmentioning

confidence: 99%

The impact of role models on entrepreneurial intentions and behavior: a review of the literature

2020

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“…A few dimensions are significant while others have an insignificant impact on entrepreneur success (Unger et al 2011). Human capital matters much in the growth and development of newly initiated ventures as it is considered a critical driver of newly born firms (Capelleras et al 2018).…”

Section: Human Capital and New Venture Performancementioning

confidence: 99%

The Role of Entrepreneurial Strategy, Network Ties, Human and Financial Capital in New Venture Performance

Khan

Safdar

et al. 2019

JRFM

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In the current era of globalization and competitive edge, the survival of newly established ventures has become a big challenge. Numerous studies have been carried out to discover factors that are essential for newly initiated ventures but the results are still fragmented. This study focuses on measuring the effect of entrepreneurial strategy, network ties, human capital and financial capital on new venture performance. A structured questionnaire was used to collect data from 196 registered firms located in the emerging market Pakistan. The results indicate that entrepreneurial strategy, network ties and financial capital have a significant positive effect, while human capital showed an insignificant effect on new venture performance. This research recommends owners and managers of new firms build effective entrepreneurial strategies, expand their networks with external bodies (other firms, government and financial institutions) to acquire useful resources that in turn can spur their performance. Further implications are discussed. Policy makers and responsible authorities are advised to encourage and support new ventures which in turn can contribute to GDP and economic development. Practical implications and suggestions are also discussed.

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“…We use the multilevel random effects specification (Autio et al, 2013;Capelleras et al, 2018;Estrin et al, 2013), to estimate the moderating role of the institutional factors (i.e., formal and informal institutions) in the relationship between human capital endowments (i.e., education level and entrepreneurial experience) and EGA. Random effects analysis allows regression coefficients and intercepts to vary across countries (Aguinis et al, 2011).…”

Section: Methodsmentioning

confidence: 99%

“…Finally, we add time dummies to enable controlling for the years of the pool-while excluding one (here, 2006) as a reference category. Industry controls are also included in all our specifications, to account for sectoral differences in growth aspirations (Capelleras et al, 2018;Estrin et al, 2013) (see Table 1).…”

Section: Country-level Controlsmentioning

confidence: 99%

Entrepreneurial growth aspirations and the role of institutions: A multilevel approach

Martin-Sanchez

Aparicio

2018

Proceedings

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We apply institutional economics and human capital perspectives to advance research on the influence of institutional factors predicting entrepreneurial growth aspirations. Particularly, the moderation effect of institutions on the relationship between human capital and growth aspirations is analyzed. Building on a comprehensive dataset that combines individual-and country-level observations, obtained from the Global Entrepreneurship Monitor and World Development Indicators, for the period 2006-13, we develop a multilevel framework to test our hypotheses. The main findings show that some institutions represent a barrier to new ventures' development (cost of property registration and fear of failure) while others may enhance it (access to credit and role models). We also find that those entrepreneurs with higher levels of human capital would attenuate their growth aspirations when regulation, access to credit, and fear of failure, will not be favorable. However, the influence of role models would strengthen that relationship. Theoretical and policy implications are discussed, based on our findings.

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Entrepreneurs’ human capital and growth aspirations: the moderating role of regional entrepreneurial culture

Cited by 87 publications

References 96 publications

The impact of role models on entrepreneurial intentions and behavior: a review of the literature

The impact of role models on entrepreneurial intentions and behavior: a review of the literature

The Role of Entrepreneurial Strategy, Network Ties, Human and Financial Capital in New Venture Performance

Entrepreneurial growth aspirations and the role of institutions: A multilevel approach

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