期刊
INTERNATIONAL SMALL BUSINESS JOURNAL-RESEARCHING ENTREPRENEURSHIP
卷 32, 期 7, 页码 777-801出版社
SAGE PUBLICATIONS LTD
DOI: 10.1177/0266242612475103
关键词
business owner; environmental turbulence; human capital; organisational absorptive capacity; social capital; start-up
This study investigates how a business owner's human and social capital affects start-up absorptive capacity under different environmental conditions. From an analysis of a sample of 199 Flemish start-ups, the study observes that the owners' start-up experience and bridging social capital are positively and significantly related to the new venture's ability to acquire, assimilate and exploit external information. In addition, the findings reveal a positive but decreasing effect of owner-specific human capital as a function of environmental turbulence. Furthermore, the study finds that management experience significantly stimulates start-up absorptive capacity within highly dynamic environments, whereas it hinders it within stable environments. Finally, implications of the study and opportunities for future research are provided.
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