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Title:Entrepreneurship, organization capital and the evolution of the firm PDF Logo
Authors:Oshima, Atsushi
Ravikumar, B.
Riezman, Raymond
Issue Date:2008
Series/Report no.:CESifo working paper 2242
Abstract:We view the entrepreneur as an agent who possesses human capital in the form of specific skills or talents. When she starts a firm, her human capital is essential to the firm and it has substantial private value. The entrepreneur transforms her human capital over time into what we call ‘organization capital’. This organization capital can be sold as part of the firm, so the dynamic process of transforming specific human capital into organization capital means that the value of the firm increases over time.
Subjects:organization capital
entrepreneur
JEL:L26
D92
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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