What determines success? examining the human, financial, and social capital of jamaican microentrepreneurs

Honig, Benson

doi:10.1016/s0883-9026(97)00036-0

Cited by 302 publications

(210 citation statements)

References 34 publications

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“…Most econometric models measuring the enterprise success use growth as the success measure (although there are studies that also use the average profit or profit per firm or per employee as the measure of success; see for example Honig 1998;Riyanti 2004). The enterprise success is usually explained by the stochastic growth models.…”

Section: Methodology and The Empirical Modelmentioning

confidence: 99%

“…One of the models that attempted to identify causality, which is a general aim of this type of quantitative analysis, was the study conducted by Honig (1998) of the performance of 215 micro-enterprises in Jamaica, This model, that worked with very "personal" measures of both success and the "sensitive" financial information, tried to explain the determinants of success of Jamaican micro-enterprises expressed as the average monthly profit (log average of monthly earnings). The general model used by Honig (1998) can be presented in the following form:…”

Section: Methodology and The Empirical Modelmentioning

confidence: 99%

“…where Y t is the log of the average monthly earnings, S i is the range of dummy variables for the level of schooling, SK t 1 and SK t 2 are two measures of the social capital, SES i 1 and SES i 2 and are measures of the socioeconomic status, K1 and K2 represent variables for the starting capital and loans, and T t and 2 t T are years of experience in the trade or the business occupation (Honig 1998).…”

Section: Methodology and The Empirical Modelmentioning

confidence: 99%

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Factors that influence the competitiveness of Czech rural SMEs

Abrhám¹,

Strielkowski²,

Vošta³

et al. 2015

Agric. Econ. - Czech

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Th e paper focuses on determining the key factors that infl uence the competitiveness of rural small and medium enterprises (SMEs) in the Czech Republic. Rural SMEs play an important part in sustainable rural development, post-transformation processes, as well as in the integrated development of formal and informal rural institutions in the Czech economy. Th e research design is based on a questionnaire survey conducted with a sample of 1144 randomly selected Czech rural SMEs. Th ere was applied a one-way error model expressed either by the fi xed eff ects (FE) model and the random eff ect (RE) model with the error term consisting of two components: a time-invariant component and a remainder component that is assumed to be uncorrelated over time. It was also attempted to rule out the individual location eff ects in the econometric model by using the location variables (location dummies).Th e results also show that the success of the rural SMEs in the Czech Republic is mostly related to its manager and enterprise characteristics. Th e most signifi cant determinants of rural enterprise's competitiveness are location within a region with competitive situation, the enterprise size, the enterprise age, and the fact whether the enterprise has some form of innovation. Th e results might have signifi cant implications for both academics and stakeholders and can be used as a basis for the targeted rural enterprise policies in the Czech Republic and in the post-transitional Eastern and Central Europe.

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Section: Methodology and The Empirical Modelmentioning

confidence: 99%

Section: Methodology and The Empirical Modelmentioning

confidence: 99%

Section: Methodology and The Empirical Modelmentioning

confidence: 99%

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Factors that influence the competitiveness of Czech rural SMEs

Abrhám¹,

Strielkowski²,

Vošta³

et al. 2015

Agric. Econ. - Czech

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“…The impact of prior entrepreneurship experience on new venture success has been researched frequently (e.g. see Honig 1998;Davidsson and Honig 2003;Delmar and Shane 2006). Thus far, these studies have been inconclusive on the direction of the effects (Delmar and Shane 2006;Unger et al 2011).…”

Section: Research Question Threementioning

confidence: 99%

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

2014

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This paper focuses on venture team characteristics with respect to human capital dimensions in early stage ventures emerging from academic research (institutions). Three major groups have been investigated: founders, top managers and directors. Data was obtained using personal interviews with 185 product-oriented academic spin-offs in nine European countries, including those of 17 failures. The results show a significant positive-but diminishing-impact of team heterogeneity on venture success, as well as a positive impact from legal expertise within the board of directors. At management level, the results further indicate that larger management team are better equipped to face the challenges in academic spin-offs. Furthermore, the added value of serial entrepreneurs is questioned, since they seem to negatively impact a spin-off's survival chances. Several implications are addressed, dealing with an appropriate team composition (on the levels of both top management and the board of directors) as well as the importance of paying attention to team development.

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“…In previous studies on entrepreneurship, researchers put a great deal of effort into researching the effects of network ties on the behaviour of both individuals and organizations (e.g., Davidsson & Honig, 2003;Honig, 1998;Zhao & Aram, 1995). Past research has provided mixed results in defining optimal network structures and relations.…”

Section: Review Of the Literaturementioning

confidence: 99%

The role of referrals in financing technology-based ventures

Heuven¹

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What determines success? examining the human, financial, and social capital of jamaican microentrepreneurs

Cited by 302 publications

References 34 publications

Factors that influence the competitiveness of Czech rural SMEs

Factors that influence the competitiveness of Czech rural SMEs

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

The role of referrals in financing technology-based ventures

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