Human Capital and the role of concurrent job search for nascent entrepreneurs

Carina Lomberg, Kim Klyver, Paul Richard Steffens

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

An individual’s human capital affects both the opportunities available through starting a business as well as the opportunity costs of forgoing employment opportunities. Drawing on the notions of search, evaluation, and uncertainty costs from decision theory, we argue that an individual’s human capital shapes whether nascent entrepreneurship and/or employment enters an individual’s consideration set when they are facing a career transition. We further propose that the opportunity costs of employment opportunities will be more salient for nascent entrepreneurs when they are concurrently seeking a new job, thereby affecting the outcome of their start-up attempts. We find support for our core propositions using a novel longitudinal dataset of individuals facing career transition as nascent entrepreneurs, job seekers or both.
Original languageEnglish
Title of host publicationProceedings of the 75th Annual Meeting of the Academy of Management
PublisherAcademy of Management
Publication date2015
DOIs
Publication statusPublished - 2015
Externally publishedYes
Event75th Annual Meeting of the Academy of Management - Vancouver, Canada
Duration: 7 Aug 201511 Aug 2015
Conference number: 75
http://aom.org/annualmeeting/

Conference

Conference75th Annual Meeting of the Academy of Management
Number75
CountryCanada
CityVancouver
Period07/08/201511/08/2015
Internet address
SeriesAcademy of Management Proceedings
ISSN2151-6561

Cite this

Lomberg, C., Klyver, K., & Steffens, P. R. (2015). Human Capital and the role of concurrent job search for nascent entrepreneurs. In Proceedings of the 75th Annual Meeting of the Academy of Management Academy of Management. Academy of Management Proceedings https://doi.org/10.5465/AMBPP.2015.16649abstract