Cut me some slack! An exploration of slack resources and technology-mediated human capital investments in entrepreneurship

PurposeIn this paper, the authors explore the relationship that slack resources and technology-mediated human capital investments can have on individuals’ entrepreneurial intentions. Focusing on human capital investments that individuals make through education and work, the authors analyze the relationship among formal online learning opportunities, informal skill development in the gig economy and entrepreneurial intentions.Design/methodology/approach Leveraging a novel dataset that merges administrative tax data with a survey of over 8,528 low- and moderate income (LMI) households, this study uses machine learning and propensity score weighting to examine the likelihood that individuals who make these technology-mediated human capital investments will have increased odds of entrepreneurial intentions when compared to similar individuals who do not make these investments.Findings The authors find that both partaking in online learning and working in the gig economy are significantly associated with increased odds of entrepreneurial intentions. Furthermore, through a variety of robustness and mechanism checks, the authors find that technology-mediation is an important factor in these relationships and that informal skill development and career preparation is one way in which gig employment influences entrepreneurial intentions.Research limitations/implications As the study’s data come from a cross-sectional survey, the authors cannot make causal inferences about the relationship between online learning, gig employment and entrepreneurial intentions. Thus, future research should explore sources of longitudinal data.Practical implications This study has practical implication for individuals and policymakers that seek to increase entrepreneurship among LMI households.Originality/value Despite a wealth of research on the relationships among slack resources, technology and innovation at the firm level, there is little of this research at the individual level – especially among LMI individuals. The authors begin to fill this important gap.

Diagnosing Human Capital as a Binding Constraint to Growth

The empirical literature on the contributions of human capital investments to economic growth shows mixed results. While evidence from OECD countries demonstrates that human capital accumulation is associated with growth accelerations, the substantial efforts of developing countries to improve access to and quality of education, as a means for skill accumulation, did not translate into higher income per capita. In this Element, we propose a framework, building on the principles of 'growth diagnostics', to enable practitioners to determine whether human capital investments are a priority for a country's growth strategy. We then discuss and exemplify different tests to diagnose human capital in a place, drawing on the Harvard Growth Lab's experience in different development context, and discuss various policy options to address skill shortages.

How the validation of prior learning can be used to assess entrepreneurial human capital investments and outcomes

Purpose This paper aims to depart from the premise that human capital investments and human capital outcomes are often tacit – an aspect, which is often neglected in the current literature on entrepreneurial human capital. The idea of this conceptual paper is to shed light on the social process of how human capital investments and human capital outcomes can be valued and made visible through the validation of prior learning. Thus, this study conceptualises the validation of prior learning as a post hoc, the reflective process through which an aspiring entrepreneur is guided. Design/methodology/approach This paper is conceptual and introduces a process model. Findings Findings indicate that the process of the validation of prior learning is well-suitable to inform aspiring entrepreneurs of their investments into human capital and their human capital outcomes. The process results in a (partial) certified qualification that provides entrepreneurial legitimacy. Research limitations/implications Thus far, the model is conceptual and should be validated via interviews and further empirical studies in the field. Practical implications Literature in the field of entrepreneurial human capital suggests that human capital outcomes are more important for success than inputs. Furthermore, context-specific knowledge, skills and abilities are more important than generalised outcomes. These findings have implications for the design of validation procedures. Originality/value Human capital has only been recently conceptualised as consisting of human capital investments and outcomes of human capital investment. However, thus far the literature falls short in acknowledging the tacit nature of human capital investments and human capital outcomes. This paper contributes a structured process of how human capital investments and human capital outcomes are linked and assessed. In so doing, this study extends a recent model of human capital investments and outputs (Marvel et al., 2016, p. 616).

Relationship between human capital investment and employees’ work efficiency in ATAP branch

It is an established fact that no nation or organisation develops beyond the intellectual ability of its human resources. Therefore, investment on human capital is paramount to sustain labour force participation of higher education in Nigeria. This study aimed at evaluating the relevance of Tertiary Education Trust Fund (TETFund) intervention on human capital investments and its bearing on employees’ work efficiency in the polytechnic communities in Bauchi state. This study generates data from quantitative and qualitative sources, using the questionnaire as an instrument to randomly collect cross-sectional data from one of the two existing polytechnics in Bauchi state of Nigeria. A total of 45 structured questionnaires were administered on our respondents and 44 were valid for analysis. The research shows there is a significant relationship between TETFund intervention in human capital investment and employees’ work efficiency within educational polytechnic system in Nigeria. This research study recommends that educational institutions should harness and take full advantage of the reciprocal benefits of human capital investments. Keywords: Human capital, relevance, polytechnic, TETFund, work efficiency.

Human Capital Management as a Resource in Achieving Competitive Advantage

The aim is to provide the conceptual framework for the administration of human capital (MHC) and to show how human capital may be employed to secure the competitive advantage of an organization. Human capital is a concept referring to the extra value provided to organizations by humans. It stresses the necessity for strategic human capital investments through commitment, retention, talent management, and learning and development programs. These studies often mostly depend on an examination of the literature available for their data. Study results stress the relevance of human capital and the strategic measures that contribute to success and competitiveness.

Dynamic Effects of Co-Ethnic Networks on Immigrants’ Economic Success*

This paper investigates how co-ethnic networks affect the economic success of immigrants. Using longitudinal data of immigrants in Germany and including a large set of fixed effects and pre-migration controls to address the possible endogeneity of initial location, we find that immigrants in districts with larger co-ethnic networks are more likely to be employed soon after arrival. This advantage fades after four years, as migrants located in places with smaller co-ethnic networks catch up due to greater human capital investments. These effects appear stronger for lower-skilled immigrants, as well as for refugees and Ethnic Germans.