The impact of human and social capital on entrepreneurs'knowledge of finance alternatives
Seghers, Arnout Vanacker, Tom Manigart, Sophie
Seghers, Arnout
Vanacker, Tom
Manigart, Sophie
Citations
Altmetric:
Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2012
Journal
Journal of Small Business Management
Book
Publication Volume
50
Publication Issue
1
Publication Begin page
63
Publication End page
86
Publication NUmber of pages
Collections
Abstract
Building upon prior research that demonstrates how the limited knowledge of finance alternatives of entrepreneurs may cause suboptimal finance decisions, this paper examines how entrepreneurs’ human and social capital influence their knowledge of finance alternatives. For this purpose, we use survey data from 103 Belgian start-ups. Results demonstrate that entrepreneurs with a business education and entrepreneurs with experience in accountancy or finance have a broader knowledge of finance alternatives. Having a strong network in the financial community is further positively associated with the knowledge of finance alternatives. However, generic human capital, including higher education, industry experience, and management experience, is almost not related with the knowledge of finance alternatives.
Research Projects
Organizational Units
Journal Issue
Keywords
Entrepreneurship, Accounting & Finance