Knowledge‐intensive entrepreneurship and human capital
Journal of Small Business and Enterprise Development
ISSN: 1462-6004
Article publication date: 1 December 2003
Abstract
This paper discusses human capital in connection with the entrepreneurial processes in knowledge‐based new ventures. Until recently, research on the founding of new ventures has focused mainly on the personal characteristics of entrepreneurs, but this trait approach tends to underestimate the role of crucial skills. The findings of this paper suggest that it is not so much inherent personality traits that influence the foundation and growth of new ventures as previous employment and entrepreneurial experience. The longer the career path prior to founding the venture, the more experience an entrepreneur has accumulated. Age thus seems to have a positive influence on the success of a newly founded venture. Furthermore, the dimensions of human capital, experience and previous employment seem to be essential in building the networks that help secure both early and continuing finance for the ventures.
Keywords
Citation
Madsen, H., Neergaard, H. and Ulhøi, J.P. (2003), "Knowledge‐intensive entrepreneurship and human capital", Journal of Small Business and Enterprise Development, Vol. 10 No. 4, pp. 426-434. https://doi.org/10.1108/14626000310504738
Publisher
:MCB UP Ltd
Copyright © 2003, MCB UP Limited