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 language | English |
|---|---|
| Pages (from-to) | 454-477 |
| Number of pages | 24 |
| Journal | Strategic Entrepreneurship Journal |
| Volume | 15 |
| Issue number | 3 |
| Early online date | 8 Mar 2021 |
| DOIs | |
| Publication status | Published - Sept 2021 |
Data Availability Statement
Additional supporting information may be found in the online version of the article at the publisher’s website.Keywords
- Opportunity identification
- ability to generate new venture ideas
- favorability of 1stperson opportunity beliefs
- favorability of 3rd-person opportunity beliefs
- human capital; metaanalysis