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Human capital and sociological factors as determinants of entrepreneurship

Author

Listed:
  • Ferreto Gutiérrez, Eugenia

    (Costa Rica Institute of Technology)

  • Lafuente, Esteban

    (UPC Barcelona Tech)

  • Leiva Bonilla, Juan Carlos

    (Costa Rica Institute of Technology)

Abstract

Building on a systematic review of the existing literature, this study analyzes how different forms of human capital—i.e., formal education and self-confidence in entrepreneurial skills— impact the entrepreneurial entry decision. For the empirical application, we used the adult population survey generated by the Costa Rica Global Entrepreneurship Monitor (GEM) for 2014. The results reveal that the entrepreneurial examples (role model) have a positive influence on the entrepreneurial decision. In addition, the fear of failure reduces the probability of entrepreneurship, while self-confidence in their entrepreneurial skills (perceived ability) is positively associated with entrepreneurial entry.

Suggested Citation

  • Ferreto Gutiérrez, Eugenia & Lafuente, Esteban & Leiva Bonilla, Juan Carlos, 2018. "Human capital and sociological factors as determinants of entrepreneurship," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 12(3), pages 43-49.
    • Handle: RePEc:ris:tecemp:1812
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    Cited by:

    1. Lafuente-González, Paola & Leiva, Juan Carlos, 2022. "Perceived new venture creation speed: The relevance of the university’s context and entrepreneurial experience," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 16(1), pages 20-43.

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