Human Capital Based Determinants of Opportunity Identification

15 Pages Posted: 24 Mar 2011

See all articles by Deniz Ucbasaran

Deniz Ucbasaran

University of Nottingham

Paul Westhead

affiliation not provided to SSRN

Mike Wright

Nottingham University Business School

Date Written: 2003

Abstract

This study tests the role of human capital in the identification and pursuit of opportunities in terms of general human capital (education, age and gender) and specific human capital (i.e., managerial capabilities, opportunity identification capabilities, technical capabilities, business ownership experience and attitudes). Using a large representative sample of founders of 662 private independent firms we find that for information search intensity and the number of opportunities pursued, human capital specific to entrepreneurship was found to be more important than general human capital. General human capital is as important as specific human capital with regard to opportunity identification. Importantly, while all capabilities (i.e. managerial, entrepreneurial and technical) significantly influenced search intensity, only the entrepreneurial capability was found to be related to opportunity identification and pursuit.

Keywords: Entrepreneurial

JEL Classification: M13

Suggested Citation

Ucbasaran, Deniz and Westhead, Paul and Wright, Mike, Human Capital Based Determinants of Opportunity Identification (2003). Babson College, Babson Kauffman Entrepreneurship Research Conference (BKERC), 2002-2006. Available at SSRN: https://ssrn.com/abstract=1783695

Deniz Ucbasaran (Contact Author)

University of Nottingham ( email )

University Park
Nottingham, NG8 1BB
United Kingdom

Paul Westhead

affiliation not provided to SSRN

Mike Wright

Nottingham University Business School ( email )

Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom
+44 115 951 5257 (Phone)
+44 115 951 5204 (Fax)

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