Propitious time in Entrepreneurship

Leong, David

doi:10.2139/ssrn.3854231

Cited by 1 publication

(4 citation statements)

References 63 publications

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“…The entrepreneurial process is time-variant and therefore temporal dynamics are at the core of entrepreneurship (Leong, 2021). Duration, the amount of time from inception to its resolution (i.e.…”

Section: Entrepreneurial Process Durationmentioning

confidence: 99%

“…The entrepreneurial process involves the entrepreneur's journey over time and is extremely sensitive to initial conditions and antecedent variables (Leong, 2021). Moreover, the economicity of time, whereby time is considered a tangible commodity, makes individuals aim at an optimal allocation by using it competitively (Sharma and Blomstermo, 2003a).…”

Section: Entrepreneurial Process Durationmentioning

confidence: 99%

“…First, by adopting a temporal lens, I provided a better and more holistic insight into the contingent nature and relationships of human capital factors and their impact on the duration of a profitable outcome. This is important because the entrepreneurial process is time-variant (Leong, 2021) and inconstant in duration (Davidsson and Gruenhagen, 2021), and by moving away from the static view, we can improve our understanding of the founder's ability to apply their human capital based learning to achieve competitive advantage (Lévesque and Stephan, 2020;Peterson and Wu, 2021). This analysis added to the predictive power of the human capital theory in terms of entrepreneurial process duration and elaborates how the human capital factors help in applying learning to the entrepreneurial process that ensures a quicker profitable outcome for nascent entrepreneurs.…”

Section: Key Contributionsmentioning

confidence: 99%

“…Moving away from the static view would also improve understanding of the entrepreneur's ability to build strategic foresight to gain competitive advantage (Peterson and Wu, 2021) and clarity on the duration-performance (outcome) aspect of the entrepreneurial process. I believe that bringing the duration perspective to entrepreneurial process research is important because the entrepreneurial process is time-variant (Leong, 2021), and optimising market opportunities while they are available means that the aspect duration involved in new venture creation (Tang et al, 2021). Moreover, studying the impact of a founder's human capital on entrepreneurial process duration would provide realistic duration expectations for new venture creation.…”

Section: Introductionmentioning

confidence: 99%

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Founder's Human Capital and the Entrepreneurial Process Duration

Shahid¹

2023

Preprint

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This thesis presents three quantitative empirical studies, utilising two US cohorts from the harmonised Panel Study of Entrepreneurial Dynamics (PSED), to advance our understanding of the relationship between nascent entrepreneurs’ human capital and duration to different entrepreneurial outcomes. Each chapter provides a distinct perspective across three dimensions: (1) human capital, age and sector impact duration to a profitable outcome, (2) the association of human capital and age with the founder’s exit; and finally, (3) human capital impact on the duration to a profitable outcome with a different spatial scope of sales. Following the introductory chapter, in chapter 2, the human capital perspective is used to investigate how the level of human capital and the founder’s age influence the likelihood of profitable venture creation in a shorter duration. This chapter extends research in nascent entrepreneurship that hitherto has largely overlooked the duration perspective to an entrepreneurial process outcome. This chapter stresses that hi-tech start-up particularly benefits from the nascent entrepreneur’s higher educational attainment in terms of shorter duration until the profitable outcome, and find that age has a non-linear relationship with the speed of the profitable venture outcome. Chapter 3 examines how a founder’s human capital factors and age influence the likelihood of a founder’s exit, and duration to an exit, from the entrepreneurial process. This chapter also extends its focus to human capital interactions to establish which combinations are more likely to reduce an earlier prospect of a founder’s disengagement from the entrepreneurial process. The chapter, also adds to the literature on how founders, with higher human capital, learn quickly and make intelligent choices to disengage without incurring heavy personal and societal costs. A non-linear relationship is found between the founder’s age and the duration to disengagement. Finally, chapter 4, seeks to understand how a founder’s human capital affects the profitable outcome, and the duration to such an outcome, at the different spatial scopes of sales. This paper takes a new approach and adds to the international entrepreneurship literature by clarifying how the founder’s human capital factors impact rapid (born global) and incremental (international new ventures) spatial scope strategies differently. Among the general human capital, a university degree is valuable across all types of spatial scopes of sales in terms of profitable venture creation in a shorter duration. However, start-up experience (specific human capital) only tends to be vital for international scope in terms of the shorter duration to create a profitable new venture. Altogether, the thesis advances our understanding of the important role of the founder’s human capital dimensions in nascent entrepreneurship, in the duration either to a profitable venture creation or to exit, which is underdeveloped in the existing literature. The thesis paves the way for future, both theoretical and empirical research, into nascent entrepreneurship process duration by analysing the direct effects of various aspects of social capital.

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Section: Entrepreneurial Process Durationmentioning

confidence: 99%

Section: Entrepreneurial Process Durationmentioning

confidence: 99%