Human capital and sociological factors as determinants of entrepreneurship

Building on a systematic review of the existing literature, this study analyzes how different forms of human capital—i.e., formal education and self-confidence in entrepreneurial skills— impact the entrepreneurial entry decision. For the empirical application, we used the adult population survey gen...

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Autores Principales: Ferreto Gutiérrez, Eugenia, Lafuente, Esteban, Leiva Bonilla, Juan Carlos
Formato: Artículo
Idioma: Español
Publicado: Escuela de Administración de Empresas. TEC 2018
Materias:
Acceso en línea: https://revistas.tec.ac.cr/index.php/tec_empresarial/article/view/3937
http://hdl.handle.net/2238/12788
Sumario: Building on a systematic review of the existing literature, this study analyzes how different forms of human capital—i.e., formal education and self-confidence in entrepreneurial skills— impact the entrepreneurial entry decision. For the empirical application, we used the adult population survey generated by the Costa Rica Global Entrepreneurship Monitor (GEM) for 2014. The results reveal that the entrepreneurial examples (role model) have a positive influence on the entrepreneurial decision. In addition, the fear of failure reduces the probability of entrepreneurship, while self-confidence in their entrepreneurial skills (perceived ability) is positively associated with entrepreneurial entry.