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Title
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The impact of financial, human and social capital on becoming an entrepreneur through acquisition
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Author
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Abstract
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| While studies on successful entrepreneurship are abundant, this stream of research focused predominantly on start-up entrepreneurship. Acquiring an existing firm, or entrepreneurship through acquisition (ETA), is an alternative form of entrepreneurial entry. Using a unique sample of nascent ETA entrepreneurs, in particular middle-aged senior experienced individuals, collected through online surveys, we test the importance of three forms of capital on the odds of successfully acquiring a business: financial, human, and social capital. Human capital or the experience and expertise of the ETA entrepreneur significantly increases the chances of success. However, contrary to our knowledge of start-up entrepreneurs, financial capital is another vital predictor, while social capital seems to have no significant impact. Our findings suggest that start-up and ETA entrepreneurship require different resources to be successfully completed due to their inherent differences. |
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Language
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English
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Source (journal)
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International journal of business & management studies
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Publication
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2022
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Volume/pages
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3
:2
(2022)
, p. 57-63
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Full text (open access)
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