Habitual Entrepreneurs

2009 ◽  
Author(s):  
Deniz Ucbasaran ◽  
Paul Westhead ◽  
Douglas Michael Wright
Keyword(s):  
Human Capital ◽  
Human Capital Theory ◽  
Theoretical Understanding ◽  
Capital Theory ◽  
High Profile ◽  
Entrepreneurial Behaviour ◽  
Novice Entrepreneurs ◽  
Serial Entrepreneurs ◽  
First Time ◽  
Habitual Entrepreneurs

Entrepreneurial behaviour is increasingly recognized as being heterogeneous. One notable source of heterogeneity is variations in the level and nature of entrepreneurs' experience. This has led to the distinction between experienced (‘habitual’) entrepreneurs and first-time (‘novice’) entrepreneurs. A number of high profile entrepreneurs have successfully owned several businesses. These individuals are known as habitual entrepreneurs, to reflect their ownership in more than one business, either sequentially (i.e. serial entrepreneurs) or concurrently (i.e. portfolio entrepreneurs). Although habitual entrepreneurs are widespread and have received media attention, there has been limited conceptual and theoretical understanding of this group. This article seeks to address this void by utilizing human capital theory to provide a framework for studying habitual entrepreneurs.

Career Development and Human Capital Theory: Preaching the “Education Gospel”

2020 ◽  
Author(s):  
Tristram Hooley
Keyword(s):  
Human Capital ◽  
Career Development ◽  
Education System ◽  
Historical Development ◽  
Human Capital Theory ◽  
Development Education ◽  
Capital Theory ◽  
Development Interventions ◽  
The Relationship ◽  
Alternative Relationships

This chapter analyses the relationship between career development, education, and human capital theory. It argues that education lies at the heart of our understanding of how individuals develop their careers and how purposeful career development interventions can support them in this endeavour. Career development services are most evident and accessible in the education system. This relationship is not accidental but is rooted in both the historical development of the field and in the importance of human capital theory to the ideology of both education and career development. The chapter finishes by critiquing the dependence of policymakers and advocates for the field on human capital theory and by considering alternative relationships that could be built between education and career development.

scholarly journals CEOs’ International Work Experience and Compensation

2021 ◽  
Author(s):  
Stefan Schmid ◽  
Sebastian Baldermann
Keyword(s):  
Human Capital ◽  
Empirical Analysis ◽  
Work Experience ◽  
Resource Dependence ◽  
Human Capital Theory ◽  
Work Experiences ◽  
Capital Theory ◽  
International Work ◽  
Executive Remuneration ◽  
To Receive

AbstractIn this paper, we study the effect a CEO’s international work experience has on his or her compensation. By combining human capital theory with a resource dependence and a resource-based perspective, we argue that international work experience translates into higher pay. We also suggest that international work experience comprises several dimensions that affect CEO compensation: duration, timing and breadth of stays abroad. With data from Europe’s largest stock market firms, we provide evidence that the longer the international work experiences and the more numerous they are, the higher a CEO’s compensation. While, based on our theoretical arguments, we expect to find that later international work experiences pay off for CEOs, our empirical analysis shows that earlier international work experiences are particularly valuable in terms of compensation. In addition, our data support the argument that maturity allows a CEO to take advantage of the skills, knowledge and competencies obtained via international experience—and to receive a higher payoff. With our study, we improve the understanding of how different facets of a CEO’s background shape executive remuneration.

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