The effects of human capital, organizational demography, and interpersonal processes on venture partner perceptions of firm profit and growth

Understanding the role of entrepreneurial quality and national culture on the economic development

“…Human capital and social capital also affect the profitability of the business positively. Human capital also affects venture partner perceptions of firm profit and growth (Watson, & BarNir, 2003). Human capital and financial capital also can complement each other, showing that firms with low levels of financial capital and high levels of founder human capital perform as well as those with high level financial capital but low level of founder human capital.…”

A quantitative content analysis of the characteristics of rapid-growth firms and their founders

“…Here, the notion is that entrepreneurs with experience in the same industry as their current venture will have a more mature network of industry Siegel et al (1993), Fesser and Willard (1990), MacMillan and Day (1987) Vesper (1980) Higher education Evidence suggests that important entrepreneurial skills are enhanced through higher education. Watson et al (2003), Sapienza and Grimm (1997) Entrepreneurial experience Entrepreneurs with prior entrepreneurial experience are better accustomed to the entrepreneurial process and more likely to avoid costly mistakes than entrepreneurs with no prior entrepreneurial experience. Duchesneau and Gartner (1990), Stuart and Abetti (1987), Cooper et al (1988) Singer (1995), Low and MacMillan (1988) Broad social and professional network Founders with broad social and professional networks have potential access to additional knowhow, capital, and customer referrals.…”

How human capital interacts with the early development of academic spin-offs

“…Early studies make a clear distinction between human capital and social capital (Davidsson and Honig 2003): human capital refers to the knowledge and experience of individuals (Schultz 1961;Watson et al 2003), whereas social capital relates to the ability to extract resources (e.g. information or financing) from the external network (Nahapiet and Ghoshal 1998).…”

“…According to human capital theory, this heterogeneity can-amongst other sources-stem from education (see e.g. Cooper et al 1994;Sapienza and Grimm 1997;Watson et al 2003;Amason et al 2006) and prior work experience (see e.g. Brüderl et al 1992;Zacharakis and Meyer 2000;Watson et al 2003;Mosey and Wright 2007).…”