• Going it Alone or Working as Part of a Team: The Impact of Human Capital on Entrepreneurial Decision Making

      Hancock, Connie; Hormiga, Esther; Jaría-Chacón, Natalia; University of Chester; University of Barcelona
      This paper endeavours to measure the effect that human capital has on the decision taken by the entrepreneur to pursue new venture creation either in a lone capacity or collaboratively. This study applies a logit model to investigate the research relationships. The results show that three factors (experience, social perception and extrinsic motivation) are relevant in the decision to initiate a new venture either in a lone capacity or as part of a collaborative undertaking. The results indicate that previous experience holds the greatest significance on the decision taken by entrepreneurs to ‘go it alone’, with factors relating to social perception and extrinsic motivation chiefly predicting a decision to work collaboratively. The findings of this study provide new insight and evidence with regard to the factors that influence a key decision in the start-up process: that of continuing in a lone capacity, or proceeding as part of an entrepreneurial team.
    • Intellectual capital and new ventures: the entrepreneur's cognizance of company management

      Hancock, Connie; Hormiga, Esther; Valls-Pasola, Jaume; University of Chester; University of Barcelona
      The purpose of this research is to analyse the intellectual capital gauges most often utilized by entrepreneurs in the management of new ventures and to relate the use of these gauges to business performance. On the basis of interview data collected from 103 entrepreneurs, we provide evidence that the use of such measuring techniques impacts positively on overall business performance. Moreover, the results indicate that those entrepreneurs utilizing some form of intellectual capital (IC) measurement have superior results. Consequently, we highlight the importance of detecting, measuring and utilizing IC for new ventures stressing the potential benefits that such analysis can have on the initial steps taken by an entrepreneur in venture formation and business development.
    • The relationship between employee propensity to innovate and their decision to create a company

      Hancock, Connie; Hormiga, Esther; Jaume, Valls-Pasola; University of Chester; University of Barcelona
      The main objective of this paper is to analyze the relationship between the decision by employees’ to initiate a new venture, whilst continuing in employment. Based on survey data collected from employees working for a public organization, we provide evidence that an analysis of individuals’ propensity to innovate, provides an insight into entrepreneurial intention which increases in probability where there is a lower opportunity cost. This study contributes to the growing empirical literature on entrepreneurial intentions which currently lacks focus on employed potential entrepreneurs.