How Does the Effect of Human Capital on Entrepreneurship Success Differ by Entrepreneurship Entry Mode?

Prior entrepreneurship research has investigated the effects of human capital on entrepreneurship success. So far, however, no distinction has been made regarding entrepreneurship entry mode. Recent research shows that new venture start and business takeover are two distinct entrepreneurship entry modes. Our paper aims to bridge the literature on the determinants of entrepreneurship success and the literature on entrepreneurship entry modes and compares the effects of human capital on entrepreneurship success by entrepreneurship entry mode. To this end, we use a large-scale, longitudinal French firm level data set. Employing propensity score matching and Cox regression analyses, we find that the effects of human capital on entrepreneurship success differ strongly by entrepreneurship entry mode. Implications for research and practice are discussed.

The Erasmus - EIM - Panteia Entrepreneurship Lectures Series is co-organized by Erasmus Research Institute of Management (ERIM.nl) and EIM Business & Policy Research (EIM/Panteia), an independent and international research and consultancy organisation, specialised in SMEs and Entrepreneurship. EIM is part of the Panteia group.

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