'Class matters': human and social capital in the entrepreneurial process.

Anderson, Alistair R.; Miller, Claire J.

Abstract

This paper explores how entrepreneurial family background impacts upon the development of social and human capital resources and demonstrates how these affect the profitability and growth of new enterprise. Through a qualitative approach, we found that those entrepreneurs from higher socio-economic groupings had high endowments of human capital. Significantly, their businesses were characterised by greater profitability and growth potential. Those entrepreneurs also had social networks characterised by high endowments of human capital. Consequently entrepreneurs from higher socio-economic class had access to highly effective business support, and these networks provided a platform from which opportunities could be both recognised and realised.

Citation

ANDERSON, A.R. and MILLER, C.J. 2003. 'Class matters': human and social capital in the entrepreneurial process. Journal of socio-economics [online], 32(1), pages 17-36. Available from: https://doi.org/10.1016/S1053-5357(03)00009-X

• Journal Article Type: Article
• Acceptance Date: Mar 11, 2003
• Online Publication Date: Mar 11, 2003
• Publication Date: Mar 31, 2003
• Deposit Date: Nov 4, 2014
• Publicly Available Date: Nov 4, 2014
• Journal: Journal of socio-economics
• Print ISSN: 1053-5357
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 32
• Issue: 1
• Pages: 17-36
• DOI: https://doi.org/10.1016/S1053-5357%2803%2900009-X
• Keywords: Class; Family; Entrepreneurship; Human capital; Social capital
• Public URL: http://hdl.handle.net/10059/1064
• Contract Date: Nov 4, 2014