The relationship between human capital, new venture ideas, and opportunity beliefs: A meta-analysis

Sergio Canavati (Corresponding Author), Dirk Libaers, Tang Wang, Hessam Sarooghi, Soheil Hooshangi

Research output: Contribution to journalArticlepeer-review

Abstract

We meta-analyze the structural relationship between human capital, the ability to generate new venture ideas and the favorability of opportunity beliefs to address divergent theoretical predictions and inconsistent empirical findings. We test a two-stage process model of entrepreneurial opportunity identification, distinguishing between the ability to generate new venture ideas and the favorability of 3rd and 1st-person opportunity beliefs. We also distinguish between two categories of human capital: general and specific human capital. Our results suggest that general and specific human capital are positively associated with the ability to generate new venture ideas. Furthermore, only specific human capital matters in influencing the favorability of opportunity beliefs, yet the ability to generate new venture ideas is far more important than human capital for the favorability of opportunity beliefs.
Original languageEnglish
Pages (from-to)454-477
Number of pages24
JournalStrategic Entrepreneurship Journal
Volume15
Issue number3
Early online date8 Mar 2021
DOIs
Publication statusPublished - Sep 2021

Keywords

  • Opportunity identification
  • ability to generate new venture ideas
  • favorability of 1stperson opportunity beliefs
  • favorability of 3rd-person opportunity beliefs
  • human capital; metaanalysis

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