2022 (19), №2

Cross-Disciplinary Exploration of Entrepreneurial Human Capital

For citation: 

Adova, I. B. & Kudelina, O. V. (2022). Cross-Disciplinary Exploration of Entrepreneurial Human Capital. AlterEconomics, 19(2), 212-238. https://doi.org/10.31063/AlterEconomics/2022.19-2.2


The article provides a review of economic and sociological research literature on entrepreneurial human capital. The purpose of the article was to define the conceptual framework of entrepreneurial human capital based on bibliographic and theoretical analysis of the most significant works. The bibliographic search was carried out by using the key descriptor «entrepreneurial human capital» in the Scopus international database (49 publications were selected). The analysis of the metadata of the selected scientific publications was carried out with the help of the Bibliometrix software. As a result of the content analysis of the selected articles, the following three levels of entrepreneurial human capital were identified: macrolevel, that is, state and society; mesolevel or individual institutional units and organizations; and microlevel or individual entrepreneurs. The studies of entrepreneurial human capital may have an economic, social, or spatial context, which determines the focus of each particular study on specific aspects or factors of this phenomenon. It is concluded that entrepreneurial human capital can be considered as an interdisciplinary category, explored through the convergence of economic and sociological methodology. The study may be of interest to small and medium-sized entrepreneurs and to policy-makers seeking to stimulate entrepreneurship on individual, organizational, and social levels.

PDF full
Downloaded: 48

Irina B. ADOVA, Dr. Sci. (Econ.), Professor, Novosibirsk State Technical University, 20, K. Marx Ave., Novosibirsk, 630087, Russian Federation, Novosibirsk State University of Economics and Management, 53, Yadrintsevskaya St., Novosibirsk, 630099, Russian Federation, e-mail: adova.prof@gmail.com,  https://orcid.org/0000-0002-3339-9121

Olga V. KUDELINA, Dr. Sci. (Med.), Associate Professor, Siberian State Medical University, 2, Moskovsky trakt, Tomsk, 634050, Russian Federation,  https://orcid.org/0000-0003-2921-3272

Acs, Z. J. & Audretsch, D. B. (Eds.) (2010).  Handbook of Entrepreneurship Research: An Interdisciplinary Survey and Introduction.  Second Edition. New York, NY: Springer, 701.

Ahmad, A. R., Osman, M. H. M., Ismail, K. & Yusoff, W. F. W. (2016). The human capital and opportunity discovery on exploiting entrepreneurial opportunity among rural entrepreneurs [Modal insan dan penemuan peluang ke atas eksploitasi peluang keusahawanan di kalangan usahawan-usahawan luar bandar].  Jurnal Pengurusan (UKM [Journal of Management]), 46.  DOI: 10.17576/pengurusan-2016–46–06.

Ahmad, A. R., Osman, M. H. M., Ismail, K., Yusoff, W. F. W. (2017). Human capital and exploit opportunity among Malaysia rural entrepreneurs: The mediating effect of opportunity discovery.  Journal of Engineering and Applied Sciences, 12 (7),  1746–1753. DOI: 10.3923/jeasci.2017.1746.1753.

Alpatov, G. & Anokhina, E. (2021). Mirovye trendy v sfere vosproizvodstva chelovecheskogo kapitala v sisteme vysshego obrazovaniya [Global trends in the reproduction of human capital in the tertiary education system].  Vestnik Sankt-Peterburgskogo universiteta. Ekonomika [St Petersburg University Journal of Economic Studies], 37(1),  34–61. DOI: https://doi.org/10.21638/spbu05.2021.102 (In Russ.)

Arend, R. J. (2021). The option value in Jack-of-all-trades investment.  Strategic Entrepreneurship Journal, 15(1),  121–143. DOI: 10.1002/sej.1316.

Aria, M. & Cuccurullo, C. (2017). Bibliometrix: An R-tool for comprehensive science mapping analysis.  Journal of Informetrics, 11(4),  959–975. DOI: https://doi.org/10.1016/j.joi.2017.08.007.

Audretsch, D. B., Kuratko, D. F. & Link, A. N. (2015). Making sense of the elusive paradigm of entrepreneurship.  Small Business Economics, 45(4),  703–712. DOI: 10/1007/s111187–015–9663-z.

Bakhtin, M. M. (1979).  Estetika slovesnogo tvorchestva [Aesthetics of verbal creativity].  Moscow, Russia: Iskusstvo, 424. (In Russ.)

Beugelsdijk, S. & Noorderhaven, N. (2004). Entrepreneurial attitude and economic growth: A cross-section of 54 regions.  Annals of Regional Science, 38(2),  199–218. DOI: 10.1007/s00168–004–0192-y.

Chen, M.-H., Chang, Y.-Y. & Chiang, M.-T. (2017). Human capital and career success of creative entrepreneurs: is guanxi network a missing link?  Journal of Small Business and Entrepreneurship, 29(4),  313–331. DOI: https://doi.org/10.1080/08276331.2017.1300849.

Chernyavskaya, V. E. (2017). Operatsionalizatsiya konteksta v diskursivnom analize [Operationalization of context in discourse analysis].  Vestnik Permskogo universiteta. Rossiyskaya i zarubezhnaya filologiya [Perm University Herald. Russian and Foreign Philology], 9(4),  83–93. DOI: https://doi.org/10.17072/2037–6681–2017–4-83–93. (In Russ.)

Corbett, A. C., Neck, H. M. & Detienne, D. R. (2007). How corporate entrepreneurs learn from fledgling innovation initiatives: Cognition and the development of a termination script.  Entrepreneurship: Theory and Practice, 31(6),  829–852. DOI: https://doi.org/10.1111/j.1540–6520.2007.00208.x.

Coviello, N. E. & Munro, H. J. (1997). Network relationships and the internationalisation process of the small software firm.  International Business Review, 6(4),  361–386. DOI: https://doi.org/10.1016/S0969–5931(97)00010–3.

Debarliev, S., Janeska-Iliev, A., Stripeikis, O. & Zupan, B. (2022). What can education bring to entrepreneurship? Formal versus non-formal education.  Journal of Small Business Management, 60(1),  219–252. DOI: https://doi.org/10.1080/00472778.2019.1700691.

DeTienne, D. R., Shepherd, D. A. & De Castro, J. O. (2008). The fallacy of “only the strong survive”: The effects of extrinsic motivation on the persistence decisions for under-performing firms.  Journal of Business Venturing, 23(5),  528–546. DOI: https://doi.org/10.1016/j.jbusvent.2007.09.004.

Detienne, D. R., Shepherd, D. A. & De Castro, J. O. (2014). The fallacy of “only the strong survive”: The effects of extrinsic motivation on the persistence decisions for under-performing firms.  A Psychological Approach to Entrepreneurship: Selected Essays of Dean A. Shepherd,  440–458. DOI: https://doi.org/10.4337/9781783479801.00032.

DeTienne, D. R., Shepherd, D.A. & De Castro, J. O. (2016). The fallacy of “only the strong survive”: The effects of extrinsic motivation on the persistence decisions for under-performing firms.  Decision Making in Entrepreneurship: Selected Joint Papers of Dean A. Shepherd,  339–357. DOI: https://doi.org/10.4337/9781784716042.

Dirk, O. (2009). What makes a ‘jack-of-all-trades’?  IAB. Discussion Paper, No. 10/2009.  Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg. Retrieved from: https://www.econstor.eu/bitstream/10419/32740/1/60843549X.pdf (Date of access: 26.07.2021).

Ehrlich, I., Li, D. & Liu, Z. (2017). The role of entrepreneurial human capital as a driver of endogenous economic growth.  Journal of Human Capital, 11(3),  310–351. DOI: https://doi.org/10.1086/693718.

Elfenbein, D.W., Hamilton, B.H. & Zenger, T.R. (2010). The small firm effect and the entrepreneurial spawning of scientists and engineers.  Management Science, 56(4),  659–681. DOI: 10.1287/mnsc.1090.1130.

Estrin, S., Mickiewicz, T. & Stephan, U. (2016). Human capital in social and commercial entrepreneurship.  Journal of Business Venturing, 31(4),  449–467. DOI: https://doi.org/10.1016/j.jbusvent.2016.05.003.

Ferrante, F. (2005). Revealing entrepreneurial talent.  Small Business Economics, 25(2),  159–174. DOI: https://doi.org/10.1007/s11187-003-6448-6.

Flores-Novelo, A. (2019). Effect of entrepreneurial human capital and entrepreneurial orientation in the business performance of software signatures in Yucatan, Mexico [Efecto del capital humano emprendedor y la orientación emprendedora en el desempeño empresarial de firmas de software en Yucatán, México].  Espacios, 40(42),  1–12.

Frosch, K. H. (2011). Workforce Age and Innovation: A Literature Survey.  International Journal of Management Reviews, 13(4),  414–430. DOI: https://doi.org/10.1111/j.1468-2370.2011.00298.x.

Ganotakis, P. (2010). Who you are and what you do: The role of entrepreneurial human capital in the demand and supply of external finance of high-tech start-ups.  New Technology Based Firms in the New Millennium, 8,  69–88. DOI: https://doi.org/10.1108/s1876-0228(2010)0000008008.

Ganotakis, P. (2012). Founders’ human capital and the performance of UK new technology based firms.  Small Business Economics, 39(2),  495–515. DOI: https://doi.org/10.1007/s11187–010–9309–0.

Georgellis, Y. & Wall, H. J. (2000). What makes a region entrepreneurial? Evidence from Britain.  The Annals of Regional Science, 34(3),  385–403. DOI: https://doi.org/10.1007/s001689900014.

Gimeno, J., Folta, T. B., Cooper, A. C. & Woo, C. Y. (1997). Survival of the fittest? Entrepreneurial human capital and the persistence of underperforming firms.  Administrative Science Quarterly, 42(4),  750–783. DOI: https://doi.org/10.2307/2393656.

Gimpelson, V. E. et al. (2021).  Proizvoditel’nost’ truda i rossiyskiy chelovecheskiy kapital: paradoksy vzaimosvyazi? Dokl. k XXII Apr. mezhdunar. nauch. konf. po problemam razvitiya ekonomiki i obshchestva, Moskva, 13–30 apr. 2021 g. [Labor productivity and Russian human capital: interconnection paradoxes? Report to XXII Apr. int. scientific. conf. on the problems of economic and social development, Moscow, 13–30 April. 2021].  Moscow, Russia: Publishing House of HSE, 61. (In Russ.)

Glaeser, E. L. & Xiong, W. (2017). Urban productivity in the developing world.  Oxford Review of Economic Policy, 33(3),  373–404. DOI: https://doi.org/10.1093/oxrep/grx034.

Goethner, M. & Wyrwich, M. (2020). Cross-faculty proximity and academic entrepreneurship: the role of business schools.  Journal of Technology Transfer, 45(4),  1016–1062. DOI: https://doi.org/10.1007/s10961-019-09725-0.

Grossmann, V. (2009). Entrepreneurial innovation and economic growth.  Journal of Macroeconomics, 31(4),  602–613. DOI: https://doi.org/10.1016/j.jmacro.2008.12.008.

Han, L., Benson, A., Chen, J. J. & Zhang, S. (2014). The use and impacts of bank support on UK small and medium-sized enterprises.  International Small Business Journal, 32(1),  61–80. DOI: https://doi.org/10.1177/0266242612455008.

Hardill, I. & Wynarczyk, P. (1996). Technology, entrepreneurship and company performance in textile and clothing SMEs.  New Technology, Work and Employment, 11(2),  107–117. DOI: https://doi.org/10.1111/j.1468-005X.1996.tb00069.x.

Hatak, I. & Zhou, H. (2021). Health as human capital in entrepreneurship: individual, extension, and substitution effects on entrepreneurial success.  Entrepreneurship Theory and Practice, 45(1),  18–42. DOI: https://doi.org/10.1177/1042258719867559.

Hatt, L. (2018). Threshold concepts in entrepreneurship — the entrepreneurs’ perspective.  Education + Training, 60(2),  155–167. DOI: https://doi.org/10.1108/ET-08-2017-0119.

Hellmann, T. (2007). When do employees become entrepreneurs?  Management Science, 53(6),  919–933. DOI: https://doi.org/10.1287/mnsc.1060.0648.

Isenberg, D. (2011). Introducing the entrepreneurship ecosystem: Four defining characteristics.  Forbes, 25.

Junquera, B. (2011). Where does female entrepreneurial human capital come from? A review of the literature.  Innovation, 13(3),  391–411. DOI: https://doi.org/10.5172/impp.2011.13.3.391.

Kato, M. & Honjo, Y. (2015). Entrepreneurial human capital and the survival of new firms in high- and low-tech sectors.  Journal of Evolutionary Economics, 25(5),  925–957. DOI: https://doi.org/10.1007/s00191-015-0427-3.

Khefacha, I., Belkacem, L. & Mansouri, F. (2012). An econometric model to explain regional variations in entrepreneurship: Evidence from Tunisia.  Innovation Vision 2020: Sustainable growth, Entrepreneurship, and Economic Development. Proceedings of the 19th International Business Information Management Association Conference, 2,  769–779.

Khodilin, A. S. (2007). Predprinimatel’skie sposobnosti kak forma realizatsii chelovecheskogo kapitala [Enterprise abilities as the form of realization of the human capital].  Izvestiya BGU [Bulletin of Baikal State University], 6(56),  9–11. (In Russ.)

Kudelina, O. V. & Adova, I. B. (2020). Razvitie teorii chelovecheskogo kapitala v XXI v.: megatrendy i rossiyskiy kontekst [Development of the Human Capital Theory in the 21st Century: Megatrends and the Russian Context].  Vestnik Tomskogo gosudarstvennogo universiteta. Ekonomika. [Tomsk State University Journal of Economics], 51,  60–87. DOI: https://doi.org/10.17223/19988648/51/4 (In Russ.)

Kumar, N. (2013). The importance of human capital in the early internationalisation of Indian knowledge-intensive service firms.  International Journal of Technological Learning, Innovation and Development, 6(1–2),  21–41. DOI: https://doi.org/10.1504/IJTLID.2013.051696.

Lehmann, E. E., Braun, T. V. & Krispin, S. (2012). Entrepreneurial human capital, complementary assets, and takeover probability.  Journal of Technology Transfer, 37(5),  589–608. DOI: https://doi.org/10.1007/s10961-011-9225-8.

Lerner, M. & Haber, S. (2001). Performance factors of small tourism ventures: The interface of tourism, entrepreneurship and the environment.  Journal of Business Venturing, 16(1),  77–100. DOI: https://doi.org/10.1016/S0883-9026(99)00038-5.

Lozhnikova, A. V., Bogdanov, A. L. et al. (2020). Vliyanie stavki NDS na model’ predprinimatel’skogo povedeniya (na primere importerov pal’movogo masla) [The Impact of the Value-Added Tax Rate on the Entrepreneurial Behavior Model (On the Example of Palm Oil Importers)].  Vestnik Tomskogo gosudarstvennogo universiteta. Ekonomika. [Tomsk State University Journal of Economics], 52,  181–197. DOI: https://doi.org/10.17223/19988648/52/11 (In Russ.)

Meccheri, N., & Pelloni, G. (2006). Rural entrepreneurs and institutional assistance: An empirical study from mountainous Italy.  Entrepreneurship and Regional Development, 18(5),  371–392. DOI: https://doi.org/10.1080/08985620600842113.

Mengistae, T. (2006). Competition and entrepreneurs’ human capital in small business longevity and growth.  Journal of Development Studies, 42(5),  812–836. DOI: https://doi.org/10.1080/00220380600742050.

Nafziger, E. W., & Terrell, D. (1996). Entrepreneurial Human Capital and the Long-Run Survival of Firms in India.  World Development, 24(4),  689–696. DOI: https://doi.org/10.1016/0305–750X(95)00161-5.

Navruz-Zoda, B. N. & Navruz-zoda, L. B. (2014). Predprinimatel’skaya kontseptsiya formirovaniya i razvitiya chelovecheskogo kapitala [Entreprise concept of formation and development of the human capital].  Sovremennaya nauka [Modern science], 1,  21–25. (In Russ.)

Ni, H. & Ye, Y. (2018). Entrepreneurship Education Matters: Exploring Secondary Vocational School Students’ Entrepreneurial Intention in China.  Asia-Pacific Education Researcher, 27(5),  409–418. DOI: https://doi.org/10.1007/s40299-018-0399-9.

Oi, W. Y. (1999). The hearty and cheery state.  Contemporary Economic Policy, 17(1),  138–146. DOI: https://doi.org/10.1111/j.1465-7287.1999.tb00669.x.

Okeke, C. O. & Yong, D. G. F. (2016). Assessment of entrepreneurship pedagogy on entrepreneurship knowledge and entrepreneurial human capital asset: A conceptual model.  Knowledge Management & E-Learning, 8(2),  243–258. DOI: https://doi.org/10.34105/j.kmel.2016.08.017.

Onphanhdala, P. & Suruga, T. (2010). Entrepreneurial human capital and micro and small business in Lao PDR.  Developing Economies, 48(2),  181–202.

Otsuka, K., & Sonobe T. (2018). The Role of Human Capital in Cluster-Based Industrial Development.  Developing Economies, 56(2),  104–116. DOI: https://doi.org/10.1111/deve.12166.

Oviatt, B. M. & McDougall, P. P. (2005). Defining international entrepreneurship and modeling the speed of internationalization.  Entrepreneurship Theory and Practice, 29(5),  537–553. DOI: https://doi.org/10.1111/j.1540–6520.2005.00097.x.

Pihie, Z. A. L. & Bagheri, A. (2009). Developing future entrepreneurs: A need to improve science students entrepreneurial participation.  International Journal of Knowledge, Culture and Change Management, 9(2),  45–58. DOI: https://doi.org/10.18848/1447–9524/cgp/v09i02/49682.

Quan, L. & Huy, H. (2014). The effect of entrepreneurial human capital and entrepreneurial failure learning on the entrepreneurial restart intention.  Asian Social Science, 10(16),  99–112. DOI: https://doi.org/10.5539/ass.v10n16p99.

Rozhkova, K. V. (2019).  Otdacha ot nekognitivnykh kharakteristik na rossiyskom rynke truda [Return on non-cognitive characteristics in the Russian labor market].  Preprint WP15/2019/02. Moscow, Russia: Publishing House of HSE, 46. (In Russ.)

Samorodova, E. M. & Maslova, O. L. (2008). Ob organizatsionno-predprinimatel’skikh sposobnostyakh cherez prizmu teorii chelovecheskogo kapitala [On organizational and entrepreneurial abilities through the prism of the theory of human capital].  Rossiyskoe predprinimatel’stvo [Russian journal of entrepreneurship], 9–2,  20–24. (In Russ.)

Schendel, D. & Hitt, M. A. (2007). Introduction to volume 1.  Strategic Entrepreneurship Journal, 1(1),  1–6. DOI: https://doi.org/10.1002/sej.16.

Shirov, A. A. (Eds.). (2021).  Sotsial’naya politika v Rossii: problemy i resheniya: nauchnyy doklad [Social policy in Russia: problems and solutions: scientific report].  Moscow, Russia: Artik Print, 112. (In Russ.)

Skuras, D., Meccheri, N., Moreira, M. B., Rosell, J. & Stathopoulou, S. (2005). Entrepreneurial human capital accumulation and the growth of rural businesses: A four-country survey in mountainous and lagging areas of the European union.  Journal of Rural Studies, 21(1),  67–79. DOI: https://doi.org/10.1016/j.jrurstud.2004.05.001.

Sobakinova, D., Zhou, Y. & Durrani, D. K. (2020). The role of human capital outcomes in generating business ideas.  VINE Journal of Information and Knowledge Management Systems, 50(1),  163–183. DOI: https://doi.org/10.1108/vjikms-03-2019-0033.

Sonobe, T. (2016). Emergence and Subsequent Development of Garment Clusters in Bangladesh and Tanzania.  Industrial Districts in History and the Developing World.  New York: Springer, 61–79. DOI: https://doi.org/10.1007/978–981–10–0182–6_5.

Soriano, D. R. & Castrogiovanni, G. J. (2012). The impact of education, experience and inner circle advisors on SME performance: Insights from a study of public development centers.  Small Business Economics, 38(3),  333–349. DOI: https://doi.org/10.1007/s11187-010-9278-3.

Van Trang, T., Do, Q. H. & Luong, M. H. (2019). Entrepreneurial human capital, role models, and fear of failure and start-up perception of feasibility among adults in Vietnam.  International Journal of Engineering Business Management, 11.  DOI: https://doi.org/10.1177/1847979019873269.

Verkhovskaya, O. R., Bogatyreva, K. A. et al. (2020).  Global’nyy monitoring predprinimatel’stva. Rossiya 2019–2020. Natsional’nyy otchet [Global entrepreneurship monitor. Russia 2019–2020. National report].  St. Petersburg: Graduate School of Management, St.-Petersburg University, 84. (In Russ.)

Wennberg, K. (2010). Entrepreneurial human capital: A real options perspective.  Entrepreneurship and the Creation of Small Firms: Empirical Studies of New Ventures.  Cheltenham, UK: Edward Elgar Publishing, 35–63.

Yasnitsky, A. (2018).  Vygotsky: An Intellectual Biography.  London: Routledge, 164.

Yelkina, E. E., Kononova, O. V. & Prokudin, D. E. (2019). Tipologiya kontekstov i printsipy kontekstnogo podkhoda v mezhdistsiplinarnykh nauchnykh issledovaniyakh. Sovremennye informatsionnye tekhnologii i IT-obrazovanie [Typology of Contexts and Contextual Approach Principles in Multidisciplinary Scientific Research].  Sovremennye informatsionnye tekhnologii i IT-obrazovanie [Modern Information Technologies and IT-Education], 15(1),  141–153. DOI: https://doi.org/10.25559/SITITO.15.201901.141-153 (In Russ.)

Yli-Renko, H., Autio, E. & Sapienza, H. J. (2001). Social capital, knowledge acquisition, and knowledge exploitation in young technology-based firms.  Strategic Management Journal, 22(6–7),  587–613. DOI: https://doi.org/10.1002/smj.183.