Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85801
Authors: 
Bosma, Niels
van Praag, Mirjam
Thurik, Roy
de Wit, Gerrit
Year of Publication: 
2002
Series/Report no.: 
Tinbergen Institute Discussion Paper 02-027/3
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 substantially and significantly. Specific attention is paid to the unobserved talent bias. Moreover, the effect of the emergence of so called knowledge industries is explored.
Subjects: 
entrepreneurship
human capital
social capital
small business
start-ups
performance
JEL: 
M13
D92
J24
Document Type: 
Working Paper

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