2002-03-13
The Value of Human and Social Capital Investments for the Business Performance of Start-ups
Publication
Publication
We investigate the manifold posed question: "To what extent does investment in human and social capital, besides the effect of "talent", enhance entrepreneurial performance?". We distinguish between three different performance measures: survival, profits, and generated employment. On the basis of the empirical analysis of a rich Dutch longitudinal data set of firm founders, we conclude that specific investments indeed affect the three performance measures sub- stantially and significantly. Specific attention is paid to the unobserved talent bias. Moreover, the effect of the emergence of so called "knowledge industries" is explored.
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hdl.handle.net/1765/6821 | |
Tinbergen Institute Discussion Paper Series | |
Organisation | Tinbergen Institute |
Bosma, N., van Praag, M., Thurik, R., & de Wit, G. (2002). The Value of Human and Social Capital Investments for the Business Performance of Start-ups (No. TI 02-027/3). Tinbergen Institute Discussion Paper Series. Retrieved from http://hdl.handle.net/1765/6821 |