Founders’ human capital and the performance of UK new technology based firms

Ganotakis, Panagiotis

doi:10.1007/s11187-010-9309-0

Cited by 183 publications

(128 citation statements)

References 86 publications

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“…In general, human capital theory suggests that there are general and specific forms of human capital, where the former is easier to transfer from one occupation to another, but the latter is likely to yield higher returns in the appropriate context (Becker 1975;Saridakis, Mole, and Storey 2008;Ganotakis 2012). Within the context of longer term firm survival, the general human capital associated with education and work experience is expected to boost both firm performance and survival through greater access to resources allowing for more successful identification and exploitation of opportunities (Bates 1990;Davidsson and Honig 2003;Gimmon and Levie 2010;Ganotakis 2012;Millán, Congregado, and Román 2012).…”

Section: Human Capitalmentioning

confidence: 99%

“…Within the context of longer term firm survival, the general human capital associated with education and work experience is expected to boost both firm performance and survival through greater access to resources allowing for more successful identification and exploitation of opportunities (Bates 1990;Davidsson and Honig 2003;Gimmon and Levie 2010;Ganotakis 2012;Millán, Congregado, and Román 2012).…”

Section: Human Capitalmentioning

confidence: 99%

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Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Huggins

Prokop

Thompson

2017

Entrepreneurship & Regional Development

106

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Despite a growing body of research on firm survival, little is known about the factors impacting upon survival rates at a micro-spatial level. This study, therefore, analyses firm survival across local environments in the context of a peripheral region; namely, the case of Wales in the UK. It examines how theories relating to human capital, growth motivation and locational conditions may explain survival within a region. Drawing on data of survival patterns for a cohort of firms, it is found that each of the three theories at least partly explain firm survival, with it being clear that human capital relating to the experience of entrepreneurs, as well as the growth motivation of their firms resulting from the strategic choices they make, impact upon rates of survival. It is also found that the local environment contributes to the likelihood of its survival. In particular, it is found that locational factors have a potential influence on the human capital allocated to enterprise, as well as how this capital is utilised via growth motivation. This suggests that not only do locational factors contribute to differing rates of entrepreneurship, but that such factors also impact on the durability of firms over time. Abstract Despite a growing body of research on firm survival, little is known about the factors impacting upon survival rates at a micro-spatial level. This study, therefore, analyses firm survival across local environments in the context of a peripheral region; namely, the case of Wales in the UK. It examines how theories relating to human capital, growth motivation and locational conditions may explain survival within a region. Drawing on data of survival patterns for a cohort of firms, it is found that each of the three theories at least partly explain firm survival, with it being clear that human capital relating to the experience of entrepreneurs, as well as the growth motivation of their firms resulting from the strategic choices they make, impact upon rates of survival. It is also found that the local environment contributes to the likelihood of its survival. In particular, it is found that locational factors have a potential influence on the human capital allocated to enterprise, as well as how this capital is utilised via growth motivation. This suggests that not only do locational factors contribute to differing rates of entrepreneurship, but that such factors also impact on the durability of firms over time.

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Section: Human Capitalmentioning

confidence: 99%

Section: Human Capitalmentioning

confidence: 99%

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Huggins

Prokop

Thompson

2017

Entrepreneurship & Regional Development

106

View full text Add to dashboard Cite

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“…Previous empirical studies provide supports for significant impacts of industry experience on startups' profitability, survival, and growth (Cooper & Gimeno-Gascon, 1992;Cooper et al, 1994;Westhead, 2000;Ganotakis, 2012;Muñ oz-Bullon, Sanchez-Bueno, & Vos-Saz, 2015). Strong industry experience enables entrepreneurs to establish strong social network (Ardichvili, Cardozo, & Ray, 2003).…”

Section: Entrepreneurial Team Industry Experiences and Financial Resomentioning

confidence: 96%

“…Previous experiences of a specific job and position generate specific knowledge, a type of knowledge that is associated with productivity in the same occupations (Ganotakis, 2012). Members of entrepreneurial teams obtain specific knowledge of entrepreneurship through previous startup experiences, namely the number of new businesses a member of an entrepreneurial team was involved in the venturing process, and the level of management role he/she had played previously.…”

Section: The Moderating Role Of Entrepreneurial Teams' Previous Startmentioning

confidence: 99%

New-Born Startups Performance: Influences of Resources and Entrepreneurial Team Experiences

2018

IBR

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This study examines the interaction effects of entrepreneurial team experiences and resources o n new-born startup firm performance, from a contextual view point of entrepreneurship. The sample is from a longitudinal panel data of Kauffman Firm Survey conducted over the period of 2005-2012 by the Ewing Marion Kauffman Foundation. Results suggest that financial resources have positive impacts on startup firms' profitability; whereas the impacts of initial firm size on profitability are negative. Startups are more likely to be profitable when the firm size is small at the new-born stage. The positive impact of financial resources on profitability is greater when entrepreneurial teams have strong industry experience; whereas entrepreneurial teams' industry experience and intangible resources have a negative interaction effect on profitability. Entrepreneurial team's startup experience has most negative interaction effects on new-born startup firms' profitability. This finding indicates that the entrepreneurial team's startup experience plays stronger roles in venturing profitable startups when the amount of financial resources and initial firm size are small; however, the team's startup experience and intangible resources have positive interaction effects on new-born startups' profitability.

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“…In other words, the ownership concentration, firm's size, and board structure play important roles in determining the success of the TDP, which is in line with the alignment theorem. Moreover, most of the research conducted in this area only evaluates TDP using reaction criteria (Alliger et al 1997;Kraiger 2003;Kraiger et al 2004), and surveys (Nguyen et al 2011;Ganotakis 2012). Hence this research aims to bridge the research gap in this area.…”

Section: Introductionmentioning

confidence: 99%

Training and Development Policy, Corporate Governance, and Firm Performance

2018

GADJAH MADA INT. J. BUS.

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This research investigates the role of corporate governance as a moderator between firms' performance and their Training and Development Policy (TDP). Research data were taken from the US, Brazil, Russia, India, China and Indonesia from 2007 to 2013. This research found that the TDP is important for enhancing firm performance. Also, the role of the training and development policy impacted each firm's performance differently, according to the level of corporate governance of that firm. The moderating effect of corporate governance reveals that better governance of a firm may have an influence on its TDP policy, which would lead to better firm performance. Overall, the results are consistent with the conjecture that corporate governance influences the firm's performance and training and development policy, suggesting that the training and development policy's success depends on the corporate governance level of the firm. Hence, this research contributes to two big theories: the knowledge transfer theory and the human capital theory, where the research findings show a confirmation of the two theories application in this research context.

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Founders’ human capital and the performance of UK new technology based firms

Cited by 183 publications

References 86 publications

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

Entrepreneurship and the determinants of firm survival within regions: human capital, growth motivation and locational conditions

New-Born Startups Performance: Influences of Resources and Entrepreneurial Team Experiences

Training and Development Policy, Corporate Governance, and Firm Performance

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