IS IT BOTH WHAT YOU KNOW AND WHO YOU KNOW? HUMAN CAPITAL, SOCIAL CAPITAL AND ENTREPRENEURIAL SUCCESS
Article first published online: 25 FEB 2013
Copyright © 2013 John Wiley & Sons, Ltd.
Journal of International Development
Volume 25, Issue 5, pages 626–639, July 2013
How to Cite
Kolstad, I. and Wiig, A. (2013), IS IT BOTH WHAT YOU KNOW AND WHO YOU KNOW? HUMAN CAPITAL, SOCIAL CAPITAL AND ENTREPRENEURIAL SUCCESS. J. Int. Dev., 25: 626–639. doi: 10.1002/jid.2904
- Issue published online: 21 JUN 2013
- Article first published online: 25 FEB 2013
- returns to schooling;
- human capital;
- social capital;
This paper analyses the importance of human and social capital for entrepreneurial success, using survey data of 459 urban entrepreneurs in Luanda, Angola. The paper offers four main findings: (i) an added year of schooling significantly increases entrepreneurial profits; (ii) different family background variables are associated with the educational attainment of men and women, indicating that educational attainment is gendered; (iii) profits are substantially lower for entrepreneurs suffering from chronic illness; and (iv) entrepreneurs who know a local police officer have higher profits, suggesting that specific forms of networks are related to entrepreneurial success. Copyright © 2013 John Wiley & Sons, Ltd.