Human capital and social capital in the Entrepreneurial Process [Elektronische Ressource] / Michael Stützer. Gutachter: Uwe Cantner ; Michael Fritsch ; Per Davidsson

W9stmi

Informations

• Publié par: friedrich-schiller-universitat_jena
• Publié le: 01 janvier 2011
• Nombre de lectures: 9
• Langue: English
• Poids de l'ouvrage: 3 Mo

Extrait

Thema

Human Capital and Social Capital in the
Entrepreneurial Process



Dissertation
Zur Erlangung des akademischen Grades
Doctor rerum politicarum
(Dr. rer. pol.)


vorgelegt dem
Rat der Wirtschaftswissenschaftlichen Fakultät
der Friedrich-Schiller-Universität Jena


am 15.12.2010


von: Diplom-Volkswirt Michael Stützer

geboren am: 08.02.1976 in: Erfurt






















Gutachter:


1. Prof. Dr. Uwe Cantner, Jena

2. Prof. Dr. Michael Fritsch, Jena

3. Prof. Dr. Per Davidsson, Brisbane


Datum der Verteidigung: 28.04.2011
Acknowledgements

Writing a PhD thesis has some commonalities with founding a new venture. The
most important is that they probably would never succeed without support from
colleagues, friends and family. Thus, my special thanks go to…


… Prof. Dr. Uwe Cantner – You have been a terrific advisor and mentor. I have to
thank you in many respects, but most importantly for giving me the opportunity
to work for the inspiring and intriguing project: Thuringian Founder Study.

… Prof. Dr. Michael Fritsch – Although I decided to abandon the first PhD attempt
in Freiberg, you still supported me throughout the years with valuable feedback
and agreed to supervise my second attempt. Thank you very much for this.

… Prof. Per Davidsson – My thanks for the inspiration to start research on nascent
entrepreneurship. I also appreciate that you made possible my research stay in
Brisbane.

… My wife Melanie – Thanks for your love, patience and support throughout the
years. Fortunately you did not become a PhD widow.

… Maximilian, Martin, Sarah, Tina and all the hard-working student research
assistants – Conducting the Thuringian Founder Study was truly a cooperative
effort which would never have been possible without you. Thanks for the time we
could spend and work together.

… My colleague in Jena, especially all the members of the Graduate College –
Your willingness to discuss research is the heart of the supportive and
competitive environment in Jena.

… Prof. Dr. Rolf Sternberg, Dr. Udo Brixy – Thanks for providing me with access to
the GEM dataset and the valuable discussions.

… Prof. Dr. Rainer Silbereisen, PD Dr. Eva Schmitt-Rodermund – Working in an
interdisciplinary research project was a challenging task. Thanks for your efforts
navigating me through the unchartered territories of psychology.

… My family – Thanks for your practical and emotional support throughout the
years.

… and last but not least, the Thuringian business founders – Thanks for taking the
time and telling your story.


Any omissions are purely accidential. Content

Acknowledgements...................................................................................................ii
Content......................................................................................................................iii
List of Tables ............................................................................................................vi
List of Figures..........................................................................................................vii
Deutschsprachige Zusammenfassung / German Summary...............................viii
1. Introduction........................................................................................................16
1.1 Entrepreneurship and the Entrepreneurial Process .....................................16
1.2 Approaches and Concepts in Entrepreneurship...........................................23
1.2.1 Three Main Approaches to Entrepreneurship....................................23
1.2.2 Human Capital ...................................................................................25
1.2.3 Social Capital.....................................................................................26
1.3 Scope and Structure of this Thesis ..............................................................27
1.3.1 Structure ............................................................................................27
1.3.2 Examining the Black Box between Regions and Individual
Entrepreneurship ...............................................................................30
1.3.3 Balanced Skills among Nascent Entrepreneurs.................................32
1.3.4 Disentangling the Effect of New Venture Team Functional
Heterogeneity on New Venture Performance ....................................35
1.3.5 The Use and Effect of Social Capital in New Venture Creation –
Solo Entrepreneurs vs. New Venture Teams.....................................38
2. Investigating the Black Box between Regions and Individual
Entrepreneurship...............................................................................................41
2.1 Introduction...................................................................................................41
2.2 Model .......................................................................................................43
2.3 Dataset and Methods ...................................................................................50
2.3.1 Individual-level Data...........................................................................51
2.3.2 Regional-level Data............................................................................53
2.3.3 Methods .............................................................................................56
2.4 Results .......................................................................................................58
2.4.1 Descriptive Results58
2.4.2 Regression Analysis and Results ......................................................60
2.5 Discussion ....................................................................................................66
2.6 Conclusion68
3. Balanced Skills among Nascent Entrepreneurs.............................................69
3.1 Introduction...................................................................................................69
3.2 Theoretical Background ...............................................................................71
3.2.1 Impact of Balanced Skills on Entrepreneurial Performance – A
Formal Model.....................................................................................71
3.2.2 Origin of Balanced Skills....................................................................74
Factors Associated with the Investment Hypothesis:...................................74
3.3 Dataset and Methods ...................................................................................78
3.3.1 Dataset...............................................................................................78
iii3.3.2 Dependent Variable – Nascent Project Progress ..............................83
3.3.3 Dependent Variable – Balanced Skills...............................................84
3.3.4 Explanatory Variables – Nascent Project Progress ...........................86
3.3.5 Balanced Skills............................................87
3.4 Results .......................................................................................................90
3.4.1 Descriptive Results ............................................................................90
3.4.2 Regression Analysis and Results ......................................................90
3.5 Discussion ....................................................................................................95
3.6 Conclusion98
4. Disentangling the Effect of New Venture Team Functional Heterogeneity
on New Venture Performance ..........................................................................99
4.1 Introduction...................................................................................................99
4.2 Conceptual Background .............................................................................101
4.2.1 Theoretical Perspectives on the Heterogeneity-Performance Link..101
4.2.2 Hypotheses......................................................................................102
4.3 Methods .....................................................................................................108
4.3.1 Sample and Data Collection ............................................................108
4.3.2 Dependent Variables .......................................................................109
4.3.3 Independent Variables.....................................................................110
4.3.4 Control Variables114
4.3.5 Cross-Validation of Interviewees’ Responses..................................115
4.4 Results .....................................................................................................116
4.4.1 Descriptive Results and Factor Analysis..........................................116
4.4.2 Regression Analysis and Results ....................................................118
4.4.3 Supplementary Analysis: The Unidimensional Approach to
Heterogeneity..............