We use cookies to ensure that we give you the best experience on our website. By continuing to browse this repository, you give consent for essential cookies to be used. You can read more about our Privacy and Cookie Policy.

Durham Research Online
You are in:

Opportunity identification and pursuit : does an entrepreneur’s human capital matter ?

Ucbasaran, D. and Westhead, P. and Wright, M. (2008) 'Opportunity identification and pursuit : does an entrepreneur’s human capital matter ?', Small business economics., 30 (2). pp. 153-173.


Extending human capital approaches to entrepreneurship, an entrepreneur’s “inputs” relating to their general (i.e. education and work experience) and entrepreneurship-specific human capital profile (i.e. business ownership experience, managerial capabilities, entrepreneurial capabilities and technical capabilities) are presumed to be related to entrepreneurial “outputs” in the form of business opportunity identification and pursuit. Valid and reliable independent variables were gathered from a stratified random sample of 588 owners of private firms. Ordered logit analysis was used to test several theoretically derived hypotheses. With regard to the number of business opportunities identified and pursued, entrepreneurship-specific rather than general human capital variables “explained” more of the variance. Entrepreneurs reporting higher information search intensity identified significantly more business opportunities, but they did not pursue markedly more or less opportunities. The use of publications as a source of information was positively associated with the probability of identifying more opportunities, while information emanating from personal, professional and business networks was not. Implications for practitioners and researchers are discussed.

Item Type:Article
Keywords:Entrepreneurship, Specific human capital, General human capital, Information search, Opportunity identification and pursuit.
Full text:Full text not available from this repository.
Publisher Web site:
Record Created:12 Aug 2011 12:05
Last Modified:08 Jun 2012 16:56

Social bookmarking: del.icio.usConnoteaBibSonomyCiteULikeFacebookTwitterExport: EndNote, Zotero | BibTex
Look up in GoogleScholar | Find in a UK Library