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Do balanced skills help nascent entrepreneurs to make progress in the venture creation process?

By Michael Stuetzer, Maximilian Goethner and Uwe Cantner

Abstract

We analyze longitudinal data on innovative start-up projects and apply Lazear’s jack-of-all-trades theory to investigate the effect of nascent entrepreneurs’ balanced skills on their progress in the venture creation process. Our results suggest that those nascent entrepreneurs who exhibit a sufficiently broad set of skills undertake more gestation activities towards an operational new venture. This supports the notion that a balanced skill set is an important determinant of entrepreneurial market entry.

Topics: L26 - Entrepreneurship, J24 - Human Capital; Skills; Occupational Choice; Labor Productivity, M13 - New Firms; Startups
Year: 2012
DOI identifier: 10.1016/j.econlet.2012.05.002
OAI identifier: oai:mpra.ub.uni-muenchen.de:39115

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