English

Jiao Hao,A Robinson Jeffrey

doi:10.5897/ajbm11.962

Abstract

Is entrepreneurship capital theory useful for international entrepreneurship research and practice? In this paper, we describe how international entrepreneurship research can benefit from including the concept of entrepreneurship capital at the individual level of analysis. We define entrepreneurship capital as a composite measure of entrepreneurial proclivity, human capital, and social capital of the entrepreneur. We present a conceptual framework that defines the relationship between entrepreneurship capital, the local and target business environment and international entrepreneurship. We argue for the moderating effect of the business environment between the relationship of entrepreneurship capital and international entrepreneurship. Moreover, we argue that entrepreneurship capital at the individual level will be an important predictor of survival rates of international entrepreneurship in benign and hostile targeting business environments when business firms explore the internationalization strategy. Finally, managerial implications and future research directions are discussed.   Key words: International entrepreneurship, capital, entrepreneurial proclivity, human capital, social capital.

Highlights

Is entrepreneurship capital theory useful for international entrepreneurship research and practice? As a field of research and practice, international entrepreneurship is an area of increasing importance (Oviatt and McDougall, 2005)
Is entrepreneurship capital theory useful for international entrepreneurship research and practice? In this paper, we describe how international entrepreneurship research can benefit from including the concept of entrepreneurship capital at the individual level of analysis
We argue that the entrepreneurship capital perspective is important for international entrepreneurship, and see it as comprised of entrepreneurial proclivity, human capital and social capital

Summary

INTRODUCTION

Is entrepreneurship capital theory useful for international entrepreneurship research and practice? As a field of research and practice, international entrepreneurship is an area of increasing importance (Oviatt and McDougall, 2005). We describe how international entrepreneurship research can benefit from including the concept of entrepreneurship capital at the individual level of level into three dimensions, including entrepreneurial. This paper explores an important environmental context (environmental dynamism, economic conditions, and regulatory structure) in which the strengths of the association between entrepreneurship capital and international entrepreneurship were likely to vary across different business firms. Discerning the moderating effects of external environment on the relationship between entrepreneurship capital and international entrepreneurship is important for our understanding of the conditions under which firms are more likely to reap the benefits from investments in entrepreneurship capital for the particular entrepreneur.

LITERATURE REVIEW

DISCUSSION