IS IT BOTH WHAT YOU KNOW AND WHO YOU KNOW? HUMAN CAPITAL, SOCIAL CAPITAL AND ENTREPRENEURIAL SUCCESS | Zendy

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IS IT BOTH WHAT YOU KNOW AND WHO YOU KNOW? HUMAN CAPITAL, SOCIAL CAPITAL AND ENTREPRENEURIAL SUCCESS

Author(s) -

Kolstad Ivar,

Wiig Arne

Publication year - 2013

Publication title -

journal of international development

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.533

H-Index - 66

eISSN - 1099-1328

pISSN - 0954-1748

DOI - 10.1002/jid.2904

Subject(s) - human capital , educational attainment , entrepreneurship , officer , social capital , economics , labour economics , capital (architecture) , demographic economics , business , classical economics , economic growth , sociology , finance , social science , political science , law , history , archaeology

This paper analyses the importance of human and social capital for entrepreneurial success, using survey data of 459 urban entrepreneurs in Luanda, Angola. The paper offers four main findings: (i) an added year of schooling significantly increases entrepreneurial profits; (ii) different family background variables are associated with the educational attainment of men and women, indicating that educational attainment is gendered; (iii) profits are substantially lower for entrepreneurs suffering from chronic illness; and (iv) entrepreneurs who know a local police officer have higher profits, suggesting that specific forms of networks are related to entrepreneurial success. Copyright © 2013 John Wiley & Sons, Ltd.

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