Learning Outcomes and the Success of Entrepreneurs: The Case of Vietnam

This paper aims to analyze the effect of investing in balanced skills on the probability of success of entrepreneurs within the context of Vietnam. By not taking this possible linkage into account, previous researchers have underestimated the effect of general and specialized skills as learning outcomes from formal schools and higher education institutions on the probability of success of entrepreneurs. Additionally, the effect of balanced skills – a combination of general and special skills – on the probability of success of entrepreneurs in Vietnam does has not attracted much of scholars’ and policy makers’ attention. Data provided by GEM helps this paper analyze the effects of learning outcome and balanced skills on the probability of success of entrepreneurs. The empirical results support the theory of entrepreneurship that invests more first in general, special skills and then balanced skills will increase the chance of success of entrepreneurs.