| Title | The Value of Human and Social Capital Investments for the Business Performance of Start-ups |
|---|---|
| Author | Bosma, N. (Niels); Praag, van M. (Mirjam); Thurik, A.R. (Roy); Wit, de G. (Gerrit) |
| Date | 2002-03-13 |
| Language | English |
| Type | working paper |
| Abstract | 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. |
| Publication | http://hdl.handle.net/1765/6821 |
| Persistent Identifier | urn:NBN:nl:ui:15-1765/6821 |
| Metadata | XML |
| Repository | Erasmus University Rotterdam |
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