Policy in developed countries is often based on the assumption that higher business ownership rates induce economic value. However, not everyone can be a business owner and many labour market participants would contribute more to economic value creation as an employee than a business owner. The...

We applied a novel method to evaluate the effect of capital constraints on entrepreneurial performance on a panel of 1000 Dutch entrepreneurs. We found that initial capital constraints hinder entrepreneurs in their performance (profit, duration and employment), also when we controlled for...

In the media role models are increasingly being acknowledged as an influential factor in explaining the reasons for the choice of occupation and career. Various conceptual studies have proposed links between role models and entrepreneurial intentions. However, empirical research aimed at...

In theory, for many small and medium-sized enterprises the introduction of performance-related pay might be beneficial: if implemented properly, it could help enterprises in selecting, hiring and motivating the right employees for the right jobs. So far, however, performance-related pay in SMEs...

Human capital obtained through education has been shown to be one of the strongest drivers of entrepreneurship performance. The entrepreneur’s human capital, though, is only one of the input factors into the production process of her venture. In this paper we will analyze to what extent the...

We investigated the manifold posed question: To what extent does investment in human and social capital, besides the effect of 'talent', enhance entrepreneurial performance?. We distinguished between three different performance measures: survival, profits, and generated employment. On the basis...

Ondernemerschap staat hoog in de belangstelling van wetenschappers en beleidsmakers. Bij het stimuleren van ondernemerschap is het van belang onderscheid te kunnen maken tussen degenen die na het starten van hun bedrijf succes zullen hebben als ondernemer en degenen die vroegtijdig zullen moeten...