Intellectual capital and business start‐up success

Abstract

If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation.Abstract While start-up firms create a substantial economic impact on most economies, the failure rate of start-up firms seems to remain high over time. Few authors have examined the influence of intellectual capital management on business performance, and when it has been examined, the focus has been on large, mature and public companies. The purpose of this study is to analyze the extent to which IC assets are associated with new firm survival and growth. Results from this study suggest that the human capital of the entrepreneur (i.e. education, business experience and level of motivation), organizational capital (i.e. firm capacity to adapt quickly to changes and the ability to implement successful strategies), and relational capital (i.e. development of productive business networks and an immediate access to critical stakeholders) are important intangible assets, which seem to be related positively to venture performance.

Grey vs. Young Entrepreneurs: Are They Really That Different in Terms of Entrepreneurial Intentions? Empirical Evidence from Italy

“…Broadly, IC represents the intangible assets companies leverage for their competitive advantage (Bontis, 1996(Bontis, , 1998(Bontis, , 2001Sveiby, 1997;Petty & Guthrie, 2000;Hormiga, Batista-Canino, & Sánchez-Medina, 2011). Some entrepreneurship scholars referred to IC regarding start-ups (Peña, 2002;Hayton, 2005;Hormiga et al, 2011;Link & Ruhm, 2011;Musteen & Ahsan, 2013) and provided useful implications for investigating entrepreneurial intentions as well (Matricano, 2016).…”

“…IC is made up of human capital, structural capital, and relational capital (Sullivan, 1999;Brennan & Connell, 2000;Petty & Guthrie, 2000;Sanchez, Chamichade, & Olea, 2000;Roos, Brainbridge, & Jacobsen, 2001;Peña, 2002;Kaufmann & Schneider, 2004;Boedker, Guthrie, & Cuganesan, 2005;Hormiga et al, 2011;Musteen & Ahsan, 2013). By human capital, management scholars refer to intellectual agility, knowledge and personal capabilities (Bontis, 1998;Bontis, Dragonetti, Jacobsen, & Roos, 1999;Bontis, Keow, & Richardson, 2000;Khalique, Bontis, Shaari, & Isa, 2015;Subramaniam & Youndt, 2005;Montequín, Fernández, Cabal, & Gutierrez, 2006;Tovstiga & Tulugurova, 2007;Wu, Chang, & Chen, 2008;Hsu & Fang, 2009).…”

Core entrepreneurial competencies and their interdependencies: insights from a study of Irish and Iranian entrepreneurs, university students and academics

“…Research in this area highlights the value added through relational capital, for example, in building reputation with clients, suppliers and other stakeholders. Further, the emotional support and active participation by family, friends and the entrepreneur's personal network are also linked to new venture success (Pena, 2002;Hormiga, BatistaCanino and Sanchez-Medina, 2011). As noted, a novel finding of the current study is that, controlling for the number of competencies in each category, an analysis of average influence scores in the full sample revealed that interpersonal skills had the highest average influence score.…”

“…Networking, deal making and emotional intelligence are aligned to the development of relational capital which emphasizes the development of productive business networks (Pena, 2002). Hormiga et al (2011) describe relational capital as the value generated by entrepreneurs via their relations with suppliers, customers, investors but equally with internal stakeholders in their organisation and friends and family (Gately and Cunningham, 2014b).…”

Women entrepreneurship in Romania: a regional evaluation

“…It seems that the level of education can in luence the failure rate of start-up irms and the intellectual capital can be associated with the decision to repeat the entrepreneurial experience. The in luence of education on the business performance was also examined by Pena (2002). The results of his study suggest that the human capital (education, competencies and motivations) plays a crucial role in the success of a business.…”