Impact of family capital & social capital on youth entrepreneurship – a study of Uttarakhand state, India

Abstract

The research paper intends to interpret how the three forms of family capital viz. family's financial capital, family's man power capital and family's human capital influences the career choice intention of students of HEI's of Uttarakhand, India. Additionally the study also evaluates the impact of student's individual social capital on his career intent. This is a quantitative study conducted at Uttarakhand state of India on a large sample of students studying in various professional courses of Uttarakhand. The research validates a positive relationship between the family's financial capital and higher education intention of students. The study found no influence of family's financial capital (measured as father's annual income), manpower capital (measured as family size) and human capital (measured as father's occupation) on career intentions of students. The study confirmed that there is a significant impact of students' social capital network span on his career intentions, especially in taking up entrepreneurship as a career choice.Jel Codes: D20; G34; L10

The role of bonding and bridging cognitive social capital in shaping entrepreneurial intention in transition economies

“…This is in line with other empirical research suggesting that social capital has an impact on entrepreneurial intentions of young people (Liñán and Santos, 2007;Sharma, 2014). Our findings also show that Croatian students were more familiar with the entrepreneurial environment.…”

Erratum to: Impact of family capital & social capital on youth entrepreneurship – a study of Uttarakhand state, India

“…After publication it was highlighted by the author that the tables had been misplaced in the article Sharma (2014), the correct order is presented below: Table 1 should be placed below line the line that reads: "Based on the average annual income of their family, the students were divided into three different income categories. "…”

The Influence of Parents on Female Entrepreneurs in Three Career Development Phases

“…Children of self-employed parents, however, are more likely to enter entrepreneurship, than children, which have parents from any other occupational group. Sharma (2014) on the other hand, claims that father's occupation of the respondents in their study was seen to have no influence on the career intention of students, which is in conflict with several of the earlier studies (Lindquist, Sol, and van Praag 2012;Carr and Sequeira 2007) and in line with the study in Turkey (Cetindamar et al 2012). There is a significant relationship with household income in childhood and startup (Schoon and Duckworth 2012;Jayawarna, Rouse, and Macpherson 2014).…”

“…The results are consistent with the findings of previous studies (Fairlie and Robb 2007;Carr and Sequiera 2007;Lindquist, Sol, and van Praag 2012), which emphasize the impact of family business on the entrepreneurial activity of young people. Sharma (2014) found that children of small entrepreneurs in India and Pakistan do not want to become entrepreneurs, and argue that young people are influenced more by external factors, especially the business environment, than by family. Given the relatively large proportion of female entrepreneurs of all age groups whose parents were farmers or skilled workers, the motive of Slovenian women entrepreneurs may also be highly related to the desire for a better income from working conditions from parents and to the family income, which is 254 management · volume 13…”