Social capital and new business start-ups: the moderating effect of human capital

Author(s):  
Lars Ronning
Author(s):  
Daisy Mui Hung Kee ◽  
Sabai Khin

Objective – Start-up support has not received enough research attention although it is an integral element of the start-up ecosystem that provides resources and services in the form of various support to start-ups. There is a need to explore the effectiveness of various start-up support because the question as to whether such supports contribute to start-up success remains unanswered. Methodology/Technique – While human capital and social capital has been linked to entrepreneurial success, little is known about how these capitals moderate the effect of start-up access to support. Findings – This paper contributes to start-up literature by presenting a conceptual framework appropriate to investigate the effect of a start-up’s access to support on start-up success as well as how this effect is accentuated by the human and social capital of start-up entrepreneurs. Novelty – Further understanding of how human capital and social capital could strengthen the contribution of support to start-up success represents an important direction for future entrepreneurship research. This paper also discusses the limitations of relevant previous research and offers suggestions for future research. Type of Paper: Review. Keywords: Start-up Support; Start-up Success; Human Capital; Social Capital; Malaysia. Reference to this paper should be made as follows: Kee, D. M. H.; Khin, S. 2019. Human Capital and Social Capital as Moderators of Start-up Support and Start-up Success, J. Mgt. Mkt. Review 4 (2): 107 – 114 https://doi.org/10.35609/jmmr.2019.4.2(2) JEL Classification: M10, M13, M19.


2019 ◽  
Vol 50 (1) ◽  
pp. 163-183 ◽  
Author(s):  
Donata Sobakinova ◽  
Yan Zhou ◽  
Dilawar Khan Durrani

Purpose Despite the existence of a vast body of research on entrepreneurship, little is known about why some entrepreneurs are able to generate and realize more business ideas than others. This study aims to present a prospective answer to this question by empirically examining the relationships among human capital outcomes (entrepreneurial knowledge and skills) and the number of business ideas generated and implemented. Additionally, the authors examined the moderating effect of the entrepreneurial self-efficacy on the proposed relationships. Design/methodology/approach A statistical analysis on a sample of 340 Russian entrepreneurs was conducted. Findings The results from the analysis indicated that human capital outcomes (entrepreneurial knowledge and skills) are positively related to the number of generated and implemented ideas. Furthermore, it was seen that entrepreneurial self-efficacy significantly moderates the relationship between human capital outcomes and the number of implemented ideas. However, self-efficacy has no significant moderating effect on the relationships among human capital outcomes and the number of generated ideas. Finally, the results showed that the number of ideas generated mediates the relationships among human capital outcomes and the number of ideas implemented. Originality/value To the best of the authors’ knowledge, no previous study has investigated the combination of such variables as entrepreneurial human capital outcomes, entrepreneurial self-efficacy and the number of new business ideas. This paper investigates this gap in the literature with an empirical analysis of the relations between the mentioned variables based on data collected from Russian entrepreneurs.


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