scholarly journals Influence of human and physical capital on the survival of new ventures

2014 ◽  
Vol 2 (1) ◽  
pp. 45
Author(s):  
Lorenzo Revuelto Taboada ◽  
Virginia Simón Moya
Keyword(s):  
Human Capital ◽  
Empirical Study ◽  
Logit Model ◽  
New Ventures ◽  
Physical Capital ◽  
Short And Long Term

The purpose of this study is to analyze the influence of physical and human capital on the survival of new ventures in different economic contexts. We conduct an empirical study by using a logit model to analyze new ventures’ probabilities of survival. The results show that both human and physical capital influence the survival of ventures in the short and long term, with human capital playing a particularly important role. The implications of the study hinge on two key findings. First, the government’s potential to promote more efficient forms of entrepreneurship is a prominent factor. Second, the motivations —necessity or opportunity—of the entrepreneurs embarking on business ventures, and the importance of certain types of capital also determine the venture’s prospects for survival.

scholarly journals Influence of human and physical capital on the survival of new ventures

2014 ◽  
Vol 2 (1) ◽  
pp. 45
Author(s):  
Lorenzo Revuelto Taboada ◽  
Virginia Simón Moya
Keyword(s):  
Human Capital ◽  
Empirical Study ◽  
Logit Model ◽  
New Ventures ◽  
Physical Capital ◽  
Short And Long Term

The purpose of this study is to analyze the influence of physical and human capital on the survival of new ventures in different economic contexts. We conduct an empirical study by using a logit model to analyze new ventures’ probabilities of survival. The results show that both human and physical capital influence the survival of ventures in the short and long term, with human capital playing a particularly important role. The implications of the study hinge on two key findings. First, the government’s potential to promote more efficient forms of entrepreneurship is a prominent factor. Second, the motivations —necessity or opportunity—of the entrepreneurs embarking on business ventures, and the importance of certain types of capital also determine the venture’s prospects for survival.

scholarly journals Population and Economic Growth Under Different Growth Engines

2017 ◽  
Vol 18 (2) ◽  
pp. 182-211 ◽  
Author(s):  
Alberto Bucci ◽  
Xavier Raurich
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Human Capital ◽  
Population Growth ◽  
Capital Accumulation ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Physical Capital ◽  
Long Run

Abstract Using a growth model with physical capital accumulation, human capital investment and horizontal R&D activity, this paper proposes an alternative channel through which an increase in the population growth rate may yield a non-uniform (i.e., a positive, negative, or neutral) impact on the long-run growth rate of per-capita GDP, as available empirical evidence seems mostly to suggest. The proposed mechanism relies on the nature of the process of economic growth (whether it is fully or semi-endogenous), and the peculiar engine(s) driving economic growth (human capital investment, R&D activity, or both). The model also explains why in the long term the association between population growth and productivity growth may ultimately be negative when R&D is an engine of economic growth.

scholarly journals Investigating the Income Inequality in Indonesia: An Application of Autoregressive Distributed Lag Approach

2021 ◽  
Vol 2 (4) ◽  
pp. 184-193
Author(s):  
Zulfa Nazli ◽  
Abd. Jamal ◽  
Muhammad Nasir
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Income Inequality ◽  
Urban Population ◽  
Skills Training ◽  
Short Term ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Short And Long Term

This study investigates the effect of economic growth, urban population, unemployment, and human capital on income inequality in Indonesia. Annual data collected from World Development Indicator (WDI) is used from 1984 to 2019. The analytical method of this research is Autoregressive distributed lag (ARDL) to examine the short and long-term relationships. The results show that economic growth positively and significantly affects income inequality in the short and long term. The urban population variable has a significant negative effect in the short term but not in the long term. The unemployment variable has a significant positive effect in the long run. Finally, human capital negatively affects the short term while not in the long term. Based on these findings, it is recommended that the government stabilize inequality by increasing progressive taxes, creating jobs, providing soft skills training beyond formal education, and socializing the concept of commuter work.

scholarly journals Compensations of Top Executives and M&A Behaviors: An Empirical Study of Listed Companies

2020 ◽  
Vol 8 (4) ◽  
pp. 64
Author(s):  
Jiao Xue ◽  
Heng Fan ◽  
Zhanxun Dong
Keyword(s):  
Empirical Study ◽  
Mergers And Acquisitions ◽  
Executive Compensation ◽  
Listed Companies ◽  
Compensation Mechanism ◽  
Short Term ◽  
Top Executives ◽  
Short And Long Term ◽  
The Relationship

This study empirically examines the relationship between executive compensation and mergers and acquisitions (M&A) behaviors by identifying the influence of short- and long-term incentive on the propensity and scale of M&A. When the short-term incentive is insufficient, M&A behaviors serve as a beneficial compensation mechanism. Thus, lack of executives’ incentive promotes the propensity to engage in M&A and significantly affects the scale of M&A. With regard to long-term incentives, M&A behaviors serve as a beneficial creation mechanism. Shareholding of executives promotes M&A propensity, and does not significantly affect the scale of M&A. This study significantly contributes to research in M&A behaviors by revealing the beneficial distribution mechanisms of M&A behaviors.

scholarly journals Relationship Between Human Capital and Technological Innovation Growth of Regional Economy and Psychology of New Entrepreneurs in Northeast China

2021 ◽  
Vol 12 ◽  
Author(s):  
Xingyang Yu ◽  
Mingji Liu
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Northeast China ◽  
Psychological Capital ◽  
New Ventures ◽  
External Environment ◽  
Economic Restructuring ◽  
Physical Capital ◽  
The Impact ◽  
The Relationship

The economic restructuring and rapid rise of the economy in Northeast China have resulted in a proliferation of new ventures. Studying the psychology of new entrepreneurs is conducive to understanding the relationship between human capital and economic growth. The work reported here aims to explore the impact of human capital on economic growth in Northeast China and the influencing factors of psychological capital of new entrepreneurs in the entrepreneurial process. Based on Cobb–Douglas production function, the relationship between labor, physical capital, or human capital and economic growth in Northeast China is analyzed by econometric methods, and a model of human capital and economic growth in Northeast China is constructed. Besides, a psychological capital intervention (PCI) model is proposed to develop the psychological capital of new entrepreneurs, and the psychological quality structure model of entrepreneurial entrepreneurs and its operation mechanism. The results of the empirical analysis demonstrate that the elasticity coefficient of human capital in Northeast China is 0.15902, five times smaller than that of labor and physical capital. Moreover, 70% of new ventures are willing to accept higher education. The fitting degree of using the PCI model to develop the psychological capital of new ventures is only 0.3%. In addition, the modified external environment PCI instead of the external environment PCI model has a huge operating potential in the macro-entrepreneurial environment. In conclusion, the impact of human capital on economic growth in the northeast is smaller than the impact of labor and material capital investment on regional economic growth. The development of human capital and research on the composition and mechanism of psychological quality of entrepreneurial entrepreneurs are of significant theoretical and practical values to promote the economic growth in the northeast.

scholarly journals Human Capital and Performance of South Asian Economies: A Panel ARDL approach to Co-integration

2017 ◽  
pp. 116-133
Author(s):  
Adnan Akhter Et al.,
Keyword(s):  
Human Capital ◽  
South Asian ◽  
Intellectual Capital ◽  
Physical Capital ◽  
Panel Ardl ◽  
Ardl Approach ◽  
Asian Economies ◽  
Physical Assets ◽  
And Performance

In modern times of knowledge management, intellectual capital grasped considerable attention not only from academia and corporate sector but also from national policymakers. Major intellectual capital component of an economy is human capital which comprises talents, knowledge, skills etc. that nation has, which render economic value. Collective abilities i.e. education, health, training, talents, megastructures, physical assets etc. of a nation, aids in the growth and development of an economy. The scope of the study is to explore the long-term boning between performance and intellectual capital facet aka human capital (HC) in South Asian economies. Human capital index, which incorporates different facets of human capital is used to explore its link with the economic performance of the region. Panel ARDL approach evidenced long term bonding between variables of interest. Further analysis corroborates bi-directional causality amongst human capital and performance of the economy. Nations must spend considerable attention towards the development of human capital besides flourishing physical capital, so that economy can grow and embellish in sustainable terms.

Early-life environment and human capital: evidence from the Philippines

2020 ◽  
Vol 26 (1) ◽  
pp. 1-25
Author(s):  
Evan D. Peet
Keyword(s):  
Human Capital ◽  
Early Life ◽  
National Level ◽  
The Philippines ◽  
Cognitive Outcomes ◽  
Ozone Exposure ◽  
Short And Long Term ◽  
Lifetime Earnings ◽  
Capital Development

AbstractThis study examines how human capital develops in response to early-life weather and pollution exposures in the Philippines. Both pollution and weather are examined in relation to short- and long-term human capital outcomes. We combine a three-decade longitudinal survey measuring human capital development, a database of historical weather, and multiple databases characterizing carbon monoxide and ozone in the Philippines during the 1980s. We find evidence that extreme precipitation and temperature affect short-term anthropometric outcomes, but long-term outcomes appear unaffected. For long-term cognitive outcomes, we find that early-life pollution exposures negatively affect test scores and schooling. These long-term responses to early-life pollution exposures extend to the labor market with reduced hours worked and earnings. The implication is that a 25 per cent reduction in early-life ozone exposure would increase per person discounted lifetime earnings by $1,367, which would scale to $2.05 billion at the national level (or 2 per cent of 2005 GDP).

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