Human capital in social and commercial entrepreneurship
Saul Estrin, Tomasz Mickiewicz, Ute Stephan
Journal of Business Venturing · 2016 · Volume 31 · Issue 4
DOI: 10.1016/j.jbusvent.2016.05.003
Abstract
We advance research on human capital and entrepreneurial entry and posit that, in order to generate value, social entrepreneurship requires different configurations of human capital than commercial entrepreneurship. We develop a multilevel framework to analyse the commonalities and differences between social and commercial entrepreneurship, including the impact of general and specific human capital, of national context and its moderating effect on the human capital-entrepreneurship relationship. We find that specific entrepreneurial human capital is relatively more important in commercial entrepreneurship, and general human capital in social entrepreneurship, and that the effects of human capital depend on the rule of law.
Keywords
Education, Social entrepreneurship, Property rights, Global entrepreneurship monitor, Commercial entrepreneurship, Rule of law, Institutions, Multi-level modelling, Human capital
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