Organizational Mortality of Small Firms: The Effects of Entrepreneurial Age and Human Capital
نویسنده
چکیده
This paper addresses the issue of internal determination of organizational outcomes. It is argued that in small and simply structured organizations a considerable proportion of the variance in organizational activities and outcomes is associated with individuals. In particular, the paper uses human capital theory to derive hypotheses about individual determinants of organizational mortality. These hypotheses are tested with event-history data of firm registrations and de-registrations in a West German region. The hypotheses are corroborated by the data, but the effects may nonetheless be due to processes linking individual characteristics with organizational performance other than those suggested by the human capital approach.
منابع مشابه
Effects of Entrepreneurial Orientation on the Export of Small and Medium Companies through the mediation of Organizational Learning capability and Innovation Performance
In the current world, export development is not limited to increasing foreign exchange earnings through exports of goods and services, but also plays a more important role as a growth strategy and even economic development in the world. Therefore, how to become a successful exporter is becoming more and more important. The main objective of this study was to study the effect of entrepreneurial ...
متن کاملSocial Capital and Entrepreneurial Locus of Control among the SMEs’ Managers
In this study the association between social capital and entrepreneurial locus of control among small and medium-sized enterprises’ managers is evaluated. The innovation of this study is theorizing and clarifying the role of social capital and its dimensions in fostering managers' internal locus of control. Internal locus of control is one of the most frequently mentioned personal characteristi...
متن کاملA Supply - Scarcity and Strategic Decision-Making Angle: High Performance Work Practices in Small Firms
High performance work practices (HPWPs) are human resource management practices aimed at stimulating employee and organisational performance. The application of HPWPs is not widespread in small organisations. We examine whether the implementation of coherent bundles of HPWPs (aimed at employee ability, employee motivation or at the opportunity to perform) depends on the scarcity of resources, a...
متن کاملDiskussionspapiere der DFG- Forschergruppe (Nr.: 3468269275): Heterogene Arbeit: Positive und Normative Aspekte der Qualifikationsstruktur der Arbeit Oliver Fabel Firm Foundations and Human Capital Investments: The O-Ring Approach to Organizational Equilibrium in an Emerging Industry
The current analysis introduces human capital investments which – as all other investment projects – must be carried out given ex-ante uncertain returns. This return uncertainty reflects that particular ex-post ability realizations may or may not induce the possibility to engage in profitable entrepreneurial activity. Managed firms which recruit randomly while offering a certain wage-income can...
متن کاملA Model for Strategic Alliance Functions for Small and Medium-Sized Enterprises
This research aims at identifying and presenting a model for strategic alliance functions for successful small and medium-sized enterprises. The functions of strategic alliance include strengthening competitive advantage, strengthening entrepreneurial and innovative capabilities, strengthening social capital, and internationalization of small and medium-sized enterprises. Research method was bo...
متن کامل