Given variance in entrepreneurs’ capital endowments, the question of sufficient (or insufficient) starting conditions enabling a pathway to survival is critical in entrepreneurship. Drawing on the subjectivist theory of entrepreneurship (STE), we adopt a configurational approach. Our results show how combinations of human and social capital are related to survival while overreliance on financial capital is not. From a subjectivist perspective, we reveal a potential gap between identifying and exploiting an opportunity. The findings provide some novel insights that help reframe conflicting results as to whether capital endowments are substitutes or complements.

Many Roads Lead to Rome: How Human, Social, and Financial Capital Are Related to New Venture Survival / Linder, C; Lechner, C; Pelzel, F. - In: ENTREPRENEURSHIP THEORY AND PRACTICE. - ISSN 1042-2587. - 44:5(2020), pp. 909-932. [10.1177/1042258719867558]

Many Roads Lead to Rome: How Human, Social, and Financial Capital Are Related to New Venture Survival

Lechner C
Membro del Collaboration Group
;
2020

Abstract

Given variance in entrepreneurs’ capital endowments, the question of sufficient (or insufficient) starting conditions enabling a pathway to survival is critical in entrepreneurship. Drawing on the subjectivist theory of entrepreneurship (STE), we adopt a configurational approach. Our results show how combinations of human and social capital are related to survival while overreliance on financial capital is not. From a subjectivist perspective, we reveal a potential gap between identifying and exploiting an opportunity. The findings provide some novel insights that help reframe conflicting results as to whether capital endowments are substitutes or complements.
Human capital; Social capital; Subjectivism; Financial capital; Configurational analysis; Survival; Subjectivist theory of entrepreneurship
Many Roads Lead to Rome: How Human, Social, and Financial Capital Are Related to New Venture Survival / Linder, C; Lechner, C; Pelzel, F. - In: ENTREPRENEURSHIP THEORY AND PRACTICE. - ISSN 1042-2587. - 44:5(2020), pp. 909-932. [10.1177/1042258719867558]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11385/202717
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