A Human Capital Approach to Entrepreneurial Capacity
Bibliographic Data
| ID | 9725282 |
|---|---|
| Authors | Kiyoshi Otani (corresponding author) |
| Year | 1996 |
| Volume | 63 |
| Issue | 250 |
| Pages | 273 |
| Publication date | 1996-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2554763 |
| OpenAlex | W2029330919 |
| Language | EN |
| Citations received | 6 |
| References cited | 7 |
Entrepreneurial capacity is said to determine the long-run size of the firm. However, it is either a black box or a gift, an exogenous parameter which is beyond economic explanation. This paper formulates the concept as a kind of human capital on the basis of the classical works of Hayek (1945) and Coase (1937, 1960). It then shows that the firm neither expands infinitely, nor shrinks into a negligible entity. Further, the concept is shown to predict that accumulation of physical capital in the economy promotes growth in the average size of firms, as usually observed. Lucas (1978) derives the same prediction, but his reason for it is different. Copyright 1996 by The London School of Economics and Political Science
Capital (architecture) · Classical economics · Coase theorem · Economic system · Economics · Human capital · Market economy · Mathematical economics · Microeconomics · Neoclassical economics · Physical capital · Transaction cost · Corporate Finance and Governance · Economic Theory and Institutions · Firm Innovation and Growth
Informatique, organisation du travail et interactions sociales
The effect of aging on entrepreneurial behavior
Entrepreneurship and network externalities
Revisiting the concept of employability through economic theories
Opportunity Identification and Pursuit
The entrepreneurial engagement of Italian university students
Markets and Hierarchies : analysis and antitrust implications
The Use of Knowledge in Society
Vertical Integration, Appropriable Rents, and the Competitive Contracting Process
Property Rights and the Nature of the Firm
The Costs and Benefits of Ownership
A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion
The Nature of the Firm
| Unique citing works | 6 |
|---|---|
| Citations per year | 0,29 |
| Citation span | 2005 - 2021 (17) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |