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Human capital and its influence on entrepreneurial success

Humankapital und sein Einfluss auf unternehmerischen Erfolg
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Moog, Petra

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Abstract Die Verfasserin fragt nach Humankapital als Schlüsselvariable für Erfolg und Wachstum eines neu gegründeten Unternehmens. Sie zeigt, dass Humankapitalinvestitionen einen bedeutenden Einfluss auf das Wachstum eines solchen Unternehmens haben. Die Ergebnisse der Untersuchung basieren auf Umfragedaten für fast 1000 Unternehmensneugründungen in Deutschland. Die Verfasserin fragt, ob eine bessere Humankapitalausstattung des Unternehmensgründers zu höheren Wachstumsraten führt. Die Untersuchung zeigt, dass dies für die Entwicklung der Umsätze, Arbeitsplätze und Einkommen tatsächlich der Fall ist. (ICEÜbers)

'The focus of the paper is on human capital as the key factor for the success and growth of a newly founded company. The findings suggest that investments in human capital have significant influence on the growth of start-ups. The results should lead universities, politicians as well as individuals to a better education for potential founders to generate more successful start-ups. The results are based on survey data for nearly 1.000 German start-ups. The paper analyzes whether higher human capital of the founder leads to higher growth-rates among start-ups. Results show that companies started by a founder who invested heavily in his human capital generate higher growth rates in sales, jobs and income differences than start-ups founded by a less educated individual.' (author's abstract)
Keywords employment trend; setting up a business; Federal Republic of Germany; income; human capital; economic development (single enterprise); turnover; enterprise; setting up a business; entrepreneur; growth
Classification Sociology of Work, Industrial Sociology, Industrial Relations; Sociology of Economics
Method empirical; quantitative empirical
Document language English
Publication Year 2002
Page/Pages p. 157-180
Journal Historical Social Research, 27 (2002) 4
ISSN 0172-6404
Status Published Version; peer reviewed
Licence Creative Commons - Attribution-Noncommercial-No Derivative Works