Influencia del capital físico y humano en la supervivencia de nuevas empresas
Influence of human and physical capital on the survival of new ventures
##plugins.themes.bootstrap3.article.main##
El propósito de este estudio es analizar la influencia del capital físico y humano en la supervivencia de nuevas empresas en diferentes contextos económicos. Para ello, se lleva a cabo un estudio utilizando un modelo logit que analiza las probabilidades de supervivencia de las empresas de nueva creación. Los resultados muestran que tanto el capital humano como el físico influyen en la supervivencia de las empresas en el corto y largo plazo, siendo especialmente importante el papel que desempeña el capital humano. Las implicaciones del estudio giran en torno a dos hallazgos sustanciales. El primero es que destaca el potencial de los gobiernos en la promoción de formas más eficientes de emprendimiento. El segundo es que el tipo de motivación –necesidad u oportunidad– del emprendedor y la importancia de ciertos tipos de capital también determinan las probabilidades de supervivencia de las empresas.
Descargas
##plugins.themes.bootstrap3.article.details##
Aghion, P. (2011). Industrial policy, entrepreneurship and growth. In D. B. Audstrech, O. Falck, S. Heblich and A. Lederer (Ed.), Handbook of Research on Innovation and Entrepreneurship, Chentelham: Edward Elgar Publishing Limited, pp. 45-54.
https://doi.org/10.4337/9781849807760.00012 DOI: https://doi.org/10.4337/9781849807760.00012
Amburgey, T. L., Kelly, D. & Barnett, W. P. (1993). Resetting the Clock: The Dynamics of Organizational Change and Failure. Administrative Science Quarterly, 38(1), 51-73.
https://doi.org/10.2307/2393254 DOI: https://doi.org/10.2307/2393254
Amit, R. & Schoemaker, P. J. (1993). Strategic Assets and Organizational Rent. Strategic Management Journal, 14(1), 33-46.
https://doi.org/10.1002/smj.4250140105 DOI: https://doi.org/10.1002/smj.4250140105
Bain, J. S. (1959). Industrial Organization. New York: John Willey and Sons.
Bates, T. (1985). Entrepreneur Human Capital Endowments and Minority Business Viability. The Journal of Human Resources, 20(4), 540-554.
https://doi.org/10.2307/145683 DOI: https://doi.org/10.2307/145683
Barney, J. B. (1986). Strategic Factor Markets: Expectations, Luck, and Business Strategy. Management Science, 32(10), 1231-1241.
https://doi.org/10.1287/mnsc.32.10.1231 DOI: https://doi.org/10.1287/mnsc.32.10.1231
Barney, J. B. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management,
https://doi.org/10.1177/014920639101700108 DOI: https://doi.org/10.1177/014920639101700108
(1), 99-120.
Becker, G. S. (1962). Investment in Human Capital: A theoretical analysis. Journal of Political Economy, 70(5), 9-49.
https://doi.org/10.1086/258724 DOI: https://doi.org/10.1086/258724
Block, J. & Sandner, P. (2009). Necessity and opportunity entrepreneurs and their duration in self-employment: evidence form German micro data. Journal of Industry, Competition and Trade, 9(2), 117-137.
https://doi.org/10.1007/s10842-007-0029-3 DOI: https://doi.org/10.1007/s10842-007-0029-3
Brüderl, J. & Schussler, R. (1990). Organizational mortality: The liabilities of newness and adolescence. Administrative Science Quarterly, 35(3), 530-547.
https://doi.org/10.2307/2393316 DOI: https://doi.org/10.2307/2393316
Brüderl, J., Preisendörfer, P. & Ziegler, R. (1992). Survival chances of newly founded business organizations. American Sociological Review, 57(2), 227-242.
https://doi.org/10.2307/2096207 DOI: https://doi.org/10.2307/2096207
Castrogiovanni, G. J. (1996). Pre-startup planning and the survival of new small businesses: theoretical linkages. Journal of Management, 22(6), 801-822.
https://doi.org/10.1177/014920639602200601 DOI: https://doi.org/10.1177/014920639602200601
Chen, Y.-S., Lin, M.-J. J. & Chang, C.-H. (2006). The Influence of Intellectual Capital on New Product Development Performance - The Manufacturing Companies of Taiwan as an Example. Total Quality
https://doi.org/10.1080/14783360601058979 DOI: https://doi.org/10.1080/14783360601058979
Management, 17(10), 1323-1339.
Del Hierro Hernández, M. (2012). La Contrarreforma laboral. El País, 26 March.
Dierickx, I. & Cool, K. (1989). Asset Stocks Accumulation and Sustainability of Competitive Advantage. Management Science, 35(12), 63-80.
https://doi.org/10.1287/mnsc.35.12.1504 DOI: https://doi.org/10.1287/mnsc.35.12.1504
Duncan, R. B. (1972). Characteristics of Organizational Environments and Perceived Environmental Uncertainty. Administrative Science Quarterly, 17(3), 313-327.
https://doi.org/10.2307/2392145 DOI: https://doi.org/10.2307/2392145
Escribano, G. (2012). ¿Qué bancos dan crédito?, Cinco días, 8 May
European Comission. (1996). Concerning the definition of small and medium-sized enterprises. Comission Recommendation 96/280/EC, 3 April.
Foster, A. D. & Rosenzweig, M. R. (1995). Learning by doing fronm others -Human Capital and technical change in agriculture. Journal of Political Economy, 103(6), 1176-1209.
https://doi.org/10.1086/601447 DOI: https://doi.org/10.1086/601447
Freeman, J., Carroll, G. R. & Hannan, M. T. (1983). The liability of newness: Age dependence in organizational death rates. American Sociological Review, 48(5), 692-710.
https://doi.org/10.2307/2094928 DOI: https://doi.org/10.2307/2094928
Greenwald, B. & Stiglitz, J. (2006). Helping infant economies economic grow: foundations of trade policies for developing companies. American Economic Review, 96(2), 141-146.
https://doi.org/10.1257/000282806777212206 DOI: https://doi.org/10.1257/000282806777212206
Grether, E. (1970). Industrial Organization: Past History and Future Problems. American Economic Review, 60(2), 83-89.
Haber, S. & Reichel, A. (2005). Identifying performance measures of small ventures-the case of the tourism industry. Journal of Small Business Management, 43(3), 257-286.
https://doi.org/10.1111/j.1540-627X.2005.00137.x DOI: https://doi.org/10.1111/j.1540-627X.2005.00137.x
Harris, C. M., McMahan, G. C. & Wright, P. M. (2012). Talent and Time together. Personnel Review, 41(4), 408-427.
https://doi.org/10.1108/00483481211229357 DOI: https://doi.org/10.1108/00483481211229357
Hart, S. L. (1995). A Natural-resource-based view of the firm. Academy of Management Review, 20(4), 986-1014.
https://doi.org/10.5465/amr.1995.9512280033 DOI: https://doi.org/10.5465/amr.1995.9512280033
Headd, B. (2003). Redefining business success: distinguishing between closure and failure. Small Business Economics, 21(1), 51-61.
https://doi.org/10.1023/A:1024433630958 DOI: https://doi.org/10.1023/A:1024433630958
Hitt, M. A., Ireland, R. D., Camp, S. M. & Sexton, D. L. (2001). Guest editors' introduction to the special issue - Strategic entrepreneurship: Entrepreneurial strategies for wealth creation. Strategic
https://doi.org/10.1002/smj.196 DOI: https://doi.org/10.1002/smj.196
Management Journal, 22(6-7), 479-491.
Ho, Y. & Wong, P. (2007). Financing, regulatory costs and entrepreneurial propensity. Small Business Economics, 28(2), 187-204.
https://doi.org/10.1007/s11187-006-9015-0 DOI: https://doi.org/10.1007/s11187-006-9015-0
Honig, B. (1998). What determines success? Examining the human, financial, and social capital of Jamaican microentrepreneurs. Journal of Business Venturing, 13(5), 371-394.
https://doi.org/10.1016/S0883-9026(97)00036-0 DOI: https://doi.org/10.1016/S0883-9026(97)00036-0
Hoskinsson, R. E., Hitt, M. A., Wan, W. P. & Yiu, D. (1999). Theory and research in strategic management: Swings of a pendulum. Journal of Management, 25(3), 417-456.
https://doi.org/10.1177/014920639902500307 DOI: https://doi.org/10.1177/014920639902500307
Hunt, M. S. (1972). Competition in the Major Home Appliance Industry. PHD Thesis, Harvard University.
Huselid, M. A. (1995). The Impact of Human Resource Management Practices on Turnover, Productivity, and Corporate Financial Performance. The Academy of Management Journal, 38(3), 635-672. DOI: https://doi.org/10.5465/256741
https://doi.org/10.2307/256741 DOI: https://doi.org/10.2307/256741
Instituto Nacional de Estadística. (2013). Directorio Central de Empresas, available from: http://www.ine.es/jaxiBD/tabla.do?per=12&type=db&divi=-DIR&idtab=13. Last accesded 13 May 2013.
International Monetary Fund. (2007). "The Global Economy continues to grow strongly", available from: http://www.imf.org/external/pubs/ft/weo/2007/update/01/. Last accessed 13 May 2013.
Jacquemin, A. (1987). The New Industrial Organization: Market Forces and Strategic Behaviour, Oxford: Oxford University Press.
Johnson, W. H. (1999). An integrative taxonomy of intellectual capital: measuring the stock and flow of intellectual capital components in the firm. International Journal of Technology Management, 18(5-8), 562-575.
https://doi.org/10.1504/IJTM.1999.002788 DOI: https://doi.org/10.1504/IJTM.1999.002788
Keasy, K. & Watson, R., (1999). The state of the art of small business failure prediction: achievements and prognosis. International Small Business Journal, 9(4), 11-29.
https://doi.org/10.1177/026624269100900401 DOI: https://doi.org/10.1177/026624269100900401
Kelley, D., Bosma, N. & Amorós, J. E. (2010). Global Entrepreneurship Monitor 2010 Global Report, available from: http://www.gemconsortium.org/docs/download/266. Last accessed 20 May 2013.
Kerr, W. & Nanda, R., 2011. Financing constraints and Entrepreneurship. In Audretsch, D., Falck, O. and Heblich, S. (Eds.), Handbook on research on Innovation and Entrepreneurship, Chentelham: Edward Elgar Publishing Limited, pp. 88-103.
Krueger, A. & Tuncer, B. (1982). An Empirical test of the infant industry argument. American Economic review, 72(5), 1142-1152.
Luk, S. (1996). Success in Hong Kong: factors self-reported by successful small business owners. Journal of Small Business Management, 34(3), 68-75.
Mahoney, J. T. & Pandian, J. R. (1992). The Resource-Based View within the Conversation of Strategic Management. Strategic Management Journal, 13(5), 363-381.
https://doi.org/10.1002/smj.4250130505 DOI: https://doi.org/10.1002/smj.4250130505
McGee, J. & Thomas, H. (1986). Strategic Groups: Theory, Research and Taxonomy. Strategic Management Journal, 7(2), 141-160.
https://doi.org/10.1002/smj.4250070204 DOI: https://doi.org/10.1002/smj.4250070204
Mills, P. K. & Margulies, N. (1980). Toward a Core Typology of Service Organizations. Academy of Management Review, 5(2), 255-265. DOI: https://doi.org/10.2307/257435
https://doi.org/10.5465/amr.1980.4288746 DOI: https://doi.org/10.5465/amr.1980.4288746
Moody's Investors Service. (2009). Moody's Rating Symbols & Definitions. Available from: http://www.moodys.com/sites/products/AboutMoodysRatingsAttachments/MoodysRatingsSymbolsand%20Definitions.pdf. Last accessed 13 May 2013. Moody's Investors Service. (2012). Moody's downgrades Spain's government bond rating to Baa3 from A3, on review for further downgrade. Available from: http://www.moodys.com/research/Moodys-downgrades-Spains-government-bond-ratingto-Baa3-from-A3--PR_248236. Last accessed 13 May 2013.
Naudé, W. (2011). The Global Financial Crisis and Development. Implications for the Entrepreneurial Economy. Working Paper No. 2011/01, Maastricht School of Management, Maastrich, January.
Newman, H. H. (1978). Strategic Groups and the Structure Performance Relationship. The Review of Economics and Statistics, 60(3), 376-383.
https://doi.org/10.2307/1924167 DOI: https://doi.org/10.2307/1924167
Parker, S. C. (2011). Small firms and innovation. In D. B. Audretsch, O. Falck, S. Heblich, and A. Lederer, (Eds.), Handbook of Research on Innovation and Entrepreneurship, Chentelham: Edward Elgar Publishing Limited, pp. 356-364.
https://doi.org/10.4337/9781849807760.00032 DOI: https://doi.org/10.4337/9781849807760.00032
Penrose, E. (1959). Teoría del Crecimiento de la Empresa Ediciones Aguilar, Madrid: John Willey & Sons.
Pérez, C. (2013). Bruselas desmonta las previsiones de crecimiento, déficit y paro de Rajoy. El País, 22 February.
Peteraf, M. (1993). The Cornerstones of ompetitive Advantage -A Resource-based view. Srategic Management Journal, 14(3), 179-191.
https://doi.org/10.1002/smj.4250140303 DOI: https://doi.org/10.1002/smj.4250140303
Porter, M. (1979). How competitive forces shape strategy. Harvard Business Review, 57(2), 137-145.
Reynolds, P. D., Camp, S. M., Bygrave, W. D., Autio, E. & Hay, M. (2001). Global Entrepreneurship Monitor 2001 Executive Report. Available from: http://www.gemconsortium.org/docs/download/255. Last accessed 20 May 2013.
Roca-Puig, V., Beltrán-Martín, I. & Segarra Cipres, M. (2012). Combined effect of human capital, temporary employment andorganizational size on firm performance. Personnel Review, 41(1), 4-22.
https://doi.org/10.1108/00483481211189910 DOI: https://doi.org/10.1108/00483481211189910
Sarathy, S. P. (2013). TQM practice in real-estate industry using AHP, Quality and Quantity, 47(4), 2049-2063.
https://doi.org/10.1007/s11135-011-9641-8 DOI: https://doi.org/10.1007/s11135-011-9641-8
Shane, S. & Stuart, T. (2002). Organizational Endowments and the Performance of University Startups. Managament Science, 48(1), 154-170.
https://doi.org/10.1287/mnsc.48.1.154.14280 DOI: https://doi.org/10.1287/mnsc.48.1.154.14280
Shane, S. & Venkataraman, S. (2000). The Promise of Entrepreneurship as a Field of Research. Academy of Management Review, 25(1), 217-226.
https://doi.org/10.5465/amr.2000.2791611 DOI: https://doi.org/10.5465/amr.2000.2791611
Sheperd, D. (1999). Venture capitalists' assessment of new venture survival. Management Science, 45(5), 621-632.
https://doi.org/10.1287/mnsc.45.5.621 DOI: https://doi.org/10.1287/mnsc.45.5.621
Sieger, P., Zellwegerd, T., Nason, R. S. & Clinton , E.(2011). Portfolio entrepreneurship in family firms: a resource-based perspective. Strategic Entrepreneurship Journal, 5(4), 327-351.
https://doi.org/10.1002/sej.120 DOI: https://doi.org/10.1002/sej.120
Starr, J. A. & MacMillan, I. C. (1990). Resource Cooptation Via Social Contracting: Resource Acquisition Strategies for New Ventures. Strategic Management Journal, 11 Special Issue: Corporate Entrepreneurship: 79-92.
Stevenson, H. H. & Jarillo, J. C. (1990). A Paradigm of Entrepreneurship research: Entrepreneurial Management. Strategic Management Journal, 11 Special Issue: Corporate Entrepreneurship: 17-27.
Stinchcombe, A. L. (1965). Social structures and organizations. In J. G. March (Ed.), Handbook of Organizations, Chicago: Rand McNally, pp. 142-193.
Van Praag, M. (2003). Business survival and success of young small business owners. Small Business
Economics, 21(1), 1-17.
Verbeke, A. & Yuan, W. (2013). The drivers of multinational Enterprise Subsidiary Entrepreneurship in China: A new Resource-based view perspective. Journal of Management Studies, 50(2), 236-258.
https://doi.org/10.1111/joms.12001 DOI: https://doi.org/10.1111/joms.12001
Wernerfelt, B. (1984). A Resource-based view of the firm. Strategic Management Journal, 5(2), 171-180.
https://doi.org/10.1002/smj.4250050207 DOI: https://doi.org/10.1002/smj.4250050207
West, G. & Noel, T. (2009). The impact of knowledge resources on new venture performance. Journal of Small Business Management, 47(1), 1-22.
https://doi.org/10.1111/j.1540-627X.2008.00259.x DOI: https://doi.org/10.1111/j.1540-627X.2008.00259.x
Wright, P. M., McMahan, G. C. & McWilliams, A. (1994). Human resources and sustained competitive advantage: a resource-based perspective. International Journal of Human Resource Management, 5(2), 301-326.
https://doi.org/10.1080/09585199400000020 DOI: https://doi.org/10.1080/09585199400000020
Xavier, S. R., Kelley, D., Kew, J., Herrington, M. & Vorderwülbecke, A. (2012). Global Entrepreneurship Monitor 2012 Global Report. Available from: http://www.gemconsortium.org/docs/download/2645. Last accessed 20 May 2013.
Yli-Renko, H., Autio, E. & Sapienza, H. J. (2001). Social Capital, Knowledge Acquisition, and Knowledge Exploitation in Young Technology-based firms. Strategic Management Journal, 22(6-7), 587-613.
https://doi.org/10.1002/smj.183 DOI: https://doi.org/10.1002/smj.183