Going it Alone or Working as Part of a Team: The Impact of Human Capital on Entrepreneurial Decision Making

Content Provider	Directory of Open Access Journals (DOAJ)
Author	Esther Hormiga Connie Hancock Natalia Jaría
Abstract	This paper endeavours to measure the effect that human capital has on the decision taken by the entrepreneur to pursue new venture creation either in a lone capacity or collaboratively. Based on a survey of 130 entrepreneurs from 130 new ventures in Canary Island, Spain, this study applies a logit model to investigate the research relationships. The results show that three factors (experience, social perception and extrinsic motivation) are significant in the decision to initiate a new venture either in a lone capacity or as part of a collaborative undertaking. The results indicate that previous experience holds the greatest significance on the decision taken by entrepreneurs to 'go it alone', with factors relating to social perception and extrinsic motivation chiefly predicting a decision to work collaboratively. The findings of this study provide new insight and evidence with regard to the factors that influence a key decision in the start-up process: that of continuing in a lone capacity, or proceeding as part of an entrepreneurial team.
Related Links	http://revistes.ub.edu/index.php/JESB/article/view/17358
DOI	10.1344/jesb2017.1.j027
Journal	Journal of Evolutionary Studies in Business
Issue Number	1
Volume Number	2
e-ISSN	23857137
Language	English
Publisher	Universitat de Barcelona
Publisher Date	2017-01-01
Publisher Place	Spain
Access Restriction	Open
Subject Keyword	Business Human Capital Entrepreneurial Team Entrepreneurial Decision Lone Entrepreneurship
Content Type	Text
Resource Type	Article
Subject	Development Strategy and Management Business and International Management Management of Technology and Innovation