scholarly journals Health as Human Capital in Entrepreneurship: Individual, Extension, and Substitution Effects on Entrepreneurial Success

2019 ◽  
Vol 45 (1) ◽  
pp. 18-42 ◽  
Author(s):  
Isabella Hatak ◽  
Haibo Zhou
Keyword(s):  
Human Capital ◽  
Substitution Effects ◽  
Entrepreneurial Success ◽  
Capital Theory ◽  
Biological Sex ◽  
Different Types ◽  
Spousal Health ◽  
Important Extension ◽  
Entrepreneurial Human Capital

This study investigates how entrepreneurial health and spousal health influence monetary and non-monetary entrepreneurial success. Drawing on human capital theory in combination with a family embeddedness perspective on entrepreneurship and applying actor–partner interdependence models to longitudinal data, we conclude that overall spousal health constitutes an important extension of entrepreneurs’ human capital influencing entrepreneurial success. This study further contributes to human capital research by offering interesting insights and novel theorizing on substitution effects for different types of entrepreneurial human capital, and adds to a biological perspective on entrepreneurship by considering the differential role of biological sex in the health–success relationship.

scholarly journals Human Capital and the Wealth of Nations

2014 ◽  
Vol 104 (9) ◽  
pp. 2736-2762 ◽  
Author(s):  
Rodolfo E. Manuelli ◽  
Ananth Seshadri
Keyword(s):  
Human Capital ◽  
Demographic Variables ◽  
Factor Productivity ◽  
Rates Of Return ◽  
Capital Theory ◽  
Country Differences ◽  
Cross Country ◽  
Wealth Of Nations

We reevaluate the role of human capital in determining the wealth of nations. We use standard human capital theory to estimate stocks of human capital and allow the quality of human capital to vary across countries. Our model can explain differences in schooling and earnings profiles and, consequently, estimates of Mincerian rates of return across countries. We find that effective human capital per worker varies substantially across countries. Cross-country differences in Total Factor Productivity (TFP) are significantly smaller than found in previous studies. Our model implies that output per worker is highly responsive to changes in TFP and demographic variables. (JEL E23, I25, J24, J31, O47)

Origins

2020 ◽  
pp. 11-30
Author(s):  
Phillip Brown
Keyword(s):  
Human Capital ◽  
Adam Smith ◽  
Wealth Creation ◽  
Capital Theory ◽  
Ibn Khaldun ◽  
Wide Range ◽  
Human Labor ◽  
History Of ◽  
The Individual

This chapter discusses the history of human capital theory. Before the mid-twentieth century the idea of human capital had a checkered history. Ideas linking the role of human labor to wealth creation can be traced to the works of Aristotle, Ibn Khaldun, and Thomas Aquinas. The chapter examines the ideas posed by notable economic theorists and thinkers such as Adam Smith, Alfred Marshall, Theodore Schultz, and Gary Becker. It shows how the ideas developed by these thinkers extended to a wide range of issues concerning the relationship between education and the labor market. In turn, they were able to influence policy in such powerful ways that their legacy remains. Above all, their influence shaped the way education is viewed in many countries: as an investment in the economic fortunes of the individual and the nation. This view gradually emerged as the dominant one, but was triumphantly sealed by the advent of neoliberalism in the 1980s.

Introduction

2020 ◽  
pp. 1-8
Author(s):  
Phillip Brown
Keyword(s):  
Human Capital ◽  
New Technologies ◽  
Alternative Theory ◽  
Fundamental Change ◽  
Human Beings ◽  
Capital Theory ◽  
Changing Economy ◽  
The Relationship

This introductory chapter outlines an alternative theory of human capital based on job scarcity rather than labor scarcity. This is done in the context of a changing economy, wherein orthodox human capital theory has resulted in credential hyperinflation. The new human capital proposes to address challenges presented by global competition, new technologies, and economic inequalities. To develop an alternative theory, the chapter reexamines the role of human beings and their relationship to capital. It argues that the story of human capital represents a conflict at the very heart of capitalism, where the outcome is yet to be decided. The new human capital involves rethinking supply, demand, and return, and in doing so highlights a fundamental change in the relationship between them.

scholarly journals Surviving through Incubation Based on Entrepreneurship-Specific Human Capital Development: The Moderating Role of Tenants’ Network Involvement

2019 ◽  
Vol 11 (10) ◽  
pp. 2866
Author(s):  
Li Zhang ◽  
Ping Gao ◽  
Yongtao Zhou ◽  
Yuchuan Zhang ◽  
Junhua Wang
Keyword(s):  
Human Capital ◽  
Family Background ◽  
Moderating Effects ◽  
Human Capital Development ◽  
Capital Theory ◽  
Capital Development ◽  
Specific Human Capital ◽  
The Relationship ◽  
Moderating Role

Drawing upon human capital theory and the co-production view of business support processes, this paper investigates the moderating effects of network involvement on entrepreneurship-specific human capital (ESHC) that determines the tenants’ survival in an incubator. Longitudinal data between 2006 and 2009 of 71 ventures located in an incubator in China have been collected and analyzed. The research confirms that network involvement strengthens the influence of entrepreneurial experience on tenants’ successful graduation, but does not impact the relationship between entrepreneurial family background and tenants’ graduation.

scholarly journals BOARD CAPITAL AND BANK EFFICIENCY: INSIGHT FROM VIETNAM

2020 ◽  
Vol 21 (2) ◽  
pp. 483-493 ◽  
Author(s):  
Maria Kontesa ◽  
Esmie Obrin Nichol ◽  
Jia-Sing Bong ◽  
Rayenda Khresna Brahmana
Keyword(s):  
Human Capital ◽  
Future Research ◽  
Board Members ◽  
Resource Base ◽  
Bank Efficiency ◽  
Capital Theory ◽  
Board Capital ◽  
Resource Base View ◽  
Base View

This study investigates the role of board capital on bank’s efficiency for a sample of 45 banks in Vietnam over 2011–2015. Using robust panel regression, we find board capital is important in making Vietnamese bank efficient even after controlling its endogeneity issue. This study further documents that networking capital and experience capital are the important factors, but not education for bank efficiency. The findings of this research contribute to the entrenchment hypothesis in agency theory, where networking and experience can be the bargaining power for manager (agent) in securing their compensation. It also contributes to human capital theory and resource base view theory where it shows networking and experience are stratetic human capital resources for bank efficiency. The findings imply that shareholders should consider the networking and experience of board members during board elections. Future research may engage with the intervention of corporate governance monitoring or test it in other developing countries context.

Does FDI affect migration flows? The role of human capital

2013 ◽  
Vol 10 (3) ◽  
pp. 359-368 ◽  
Author(s):  
ELENA D’AGOSTO ◽  
NAZARIA SOLFERINO ◽  
GIOVANNI TRIA
Keyword(s):  
Developing Countries ◽  
Human Capital ◽  
Substitution Effects ◽  
Fdi Inflows ◽  
Capital Movements ◽  
Strong Positive Relationship ◽  
Migration Flows ◽  
Year 2000 ◽  
Section Analysis

Global trade and capital movements across countries are increasing along with significant international workers mobility. The aim of this paper is to analyse the link between FDI inflows and emigration waves across developing countries. We test the twofold direction that this link may follow, either through complementarity or substitution effects. By using a cross section analysis for the year 2000 with a sample including 91 developing countries, it is shown that both of them are at work While a strong positive relationship (complementarity) between migration flows and FDI arises, FDI may also be seen as a substitute for migration through direct and indirect labour demand effects. In particular, we find evidence that human capital is a channel for the substitutability effect. 

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