Human capital and social capital are crucial in shaping entrepreneurial decisions, yet their combined effects on entrepreneurship entry remain insufficiently explored. This study uses data from the China Household Tracking Survey (2010–2018) to examine how the coupling of human and social capital influences entrepreneurship entry. By defining human-social capital coupling as the interdependence between these two forms of capital, we estimated its nonlinear impact using generalized propensity score matching and analyzed variations across gender and region. The results revealed that human capital-social capital coupling mediated the relationship between these capitals and entrepreneurship entry, following a significant N-shaped trend with identified thresholds. The impact of this coupling was also influenced by gender and regional variations. The study contributes to the literature by introducing a novel perspective on capital coupling, assessing its threshold effects, and highlighting gender and regional disparities. Individuals should understand and use the human capital-social capital coupling to guide their actions; policymakers are encouraged to consider and enhance the coupling between human and social capital in their entrepreneurship support strategies.
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Today, Intellectual Capital plays a principal role in the delivery of corporate performance. This importance is reflected in the fact that companies, without the force of any regulations, start to produce intellectual capital statements to communicate their performance; accounting guidelines are being developed and standards are being questioned and reviewed; software companies such as SAP, Hyperion, Oracle, or Peoplesoft are developing applications to address this, and even governments are beginning to measure the intellectual capital of cities, regions, and countries. Accenture writes that today's economy depends on the ability of companies to create, capture, and leverage intellectual capital faster than the competition. Cap Gemini Ernst & Young believes that intangibles are the key drivers for competitive advantage. KPMG states that most general business risks derive from intangibles and organizations therefore need to manage their intangibles very carefully. PricewaterhouseCoopers writes that in a globalized world, the intellectual capital in any organization becomes essential and its correct distribution at all organizational levels requires the best strategy integrated solutions, processes and technology. Even though the leading management consulting firms recognize the importance of intellectual capital – they seem to suffer from the same predicament as the field as a whole. Intellectual capital is defined differently and the concept is often fuzzy. In this special issue of the leading journal in the field we would like to bring together the definitions, approaches, and tools offered by the leading management consulting firms. It will be a unique opportunity to disseminate your understanding of this critical area of management and allow you to illustrate your approaches and tools.
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The value of CUlTent organizations and industries is increasingly located in intangibles (human capital, structural capital and relational capital) and basically,knowledgehasbecomea factor of production and a main asset. This Intellectual Capital does not appear on balance sheets,but ultimately does have an enormous impact and is basic to match the requirements of knowledgeintensiveeconomiesin Asia and Europe.
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Metaphors are at the basis of our understanding of reality. Using the theory of metaphor developed by Lakoff and Johnson (1980, 1999) this paper analyses common metaphors used in the intellectual capital and knowledge management literatures. An analysis of key works by Davenport & Prusak (2000), Nonaka & Takeuchi (1995), and Stewart (1991) suggests that at least 95 percent of all statements about either knowledge or intellectual capital are based on metaphors. The paper analyses the two metaphors that form the basis for the concept of intellectual capital: ‘Knowledge as a Resource’ and ‘Knowledge as Capital’, both of which derive their foundations from the industrial age. The paper goes into some of the implications of these findings for the theory and practice of intellectual capital. Common metaphors used in conceptualising abstract phenomena in traditional management practices unconsciously reinforce the established social order. The paper concludes by asking whether we need new metaphors to better understand the mechanisms of the knowledge economy, hence allowing us to potentially change some of the more negative structural features of contemporary society.
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The transition from secondary education to the first year of higher education is a phase in which students are faced with many challenges. First-year students may lack the academic capital that is needed to understand explicit and implicit rules of higher education. We investigated students’ participation in a preacademic program and the development of their academic capital. In a mixed method study, we showed that first-year students who participated in a preacademic program perceived peer mentors and teachers to be relevant sources of information, learned how to overcome educational barriers, and became more acquainted with explicit and implicit college requirements.
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This article examines informal entrepreneurs’ capital usage and conversion in the Thai tourism sector. On the Bourdieusian assumption that people perpetually transform tangible and intangible forms of capital, this study seeks to answer how informal tourism entrepreneurs transform intangible capital into tangible capital, and vice versa, at different stages of their development process. A visual dataset of 78 filmed interviews and of 426 photographs of informal entrepreneurs in three tourist-island destinations in Thailand was compiled and analysed using thematic qualitative analysis. The results show the importance of diversification of capital mix at informal entrepreneurs’ different development stages. Whereas cultural and symbolic capital are more salient for freelancers and small-size entrepreneurs, economic and social capital are more important for mid-size and large informal entrepreneurs. Furthermore, this study introduces dream capital as a new form of capital. Developing countries are recommended to introduce a policy on profiling informal tourism entrepreneurs so that the appropriate level of regulation can be applied in order to maintain or increase their benefits to society.
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This research investigates the factors influencing the capital structure of 271 non-financial firms listed on the Korean Stock Exchange (KSE) over a broad period from 1995 to 2021, encompassing both stable and crisis conditions. Employing a dynamic panel data model and the generalized method of moments (GMM) estimation, we address the endogeneity issue introduced by the inclusion of lagged dependent variables. Our research integrates firm-specific internal factors with macroeconomic external variables to provide a comprehensive understanding of the influence of varying economic environments on capital structure. Our study suggests that in times of economic stability, the capital structure decisions of a firm are more influenced by internal factors such as profitability. However, in periods of economic downturns, it is the external macroeconomic market conditions that tend to have a greater impact on these decisions. It is also noteworthy that both book leverage (BL) and market leverage (ML) exhibit quicker adjustments during stable periods as opposed to periods of crisis. This indicates a higher agility of firms in adapting their capital structures in stable, normal conditions. Our findings contribute to the existing literature by offering a holistic view of capital structure determinants in Korean firms. They underscore the necessity of adaptable financial strategies that account for both internal dynamics and external economic conditions. This study fills a gap in current research, presenting new insights into the dynamics of capital structure in Korean firms and suggesting a multifaceted approach to understanding capital structure in diverse economic contexts.
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In May 2007, our Centre for Research in Intellectual Capital hosted the International Congress on Intellectual Capital: The future of business navigation. The Congress – which took place in Haarlem, The Netherlands – was attended by more than 140 participants from 23 countries. Based on almost 70 papers, we designed a conference program that consisted of more than 90 sessions. This special issue is based on a selection of the best papers of our conference.
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Deze agenda is een strategisch kader voor human capitalontwikkelingen in de creatieve industrie in de Metropoolregio Amsterdam voor de komende vier jaar (2012-2016). De agenda bestrijkt de gehele breedte van de creatieve industrie en richt zich op een interdisciplinaire aanpak en op het stimuleren van een onderzoekende en ondernemende cultuur in het onderwijs. Leidende thema’s zijn: • onderwijs over ondernemerschap;; • vraag en aanbod op elkaar afstemmen;; • alumni & permanente educatie;; • internationalisering. De Creatieve Industrie is de belangrijkste top sector voor de Metropoolregio Amsterdam (CBS monitor topsectoren 2012). Voor de beschrijving van de Creatieve Industrie in de Metropoolregio is een benadering vanuit drie clusters aangehouden: Kunsten & Cultureel Erfgoed, Media & Entertainment, Creatieve Zakelijke Diensten (reclame, mode vormgeving, architectuur). Het Kernteam Creatieve Industrie MRA wil een belangrijke bijdrage leveren aan de Europese en landelijke ambitie om Nederland in 2020 de meest creatieve economie van Europa te laten zijn. Dit vraagt om continue innovatie, slimme en creatieve oplossingen. Daarvoor is slim, creatief, jong (top)talent onmisbaar. Bij deze ambitie hoort een naadloze verbinding en samenwerking tussen bedrijfsleven en kennis- en onderwijsinstellingen. Het concurrerende klimaat, dynamiek en tempo in de sector vragen om snelle toepassing van nieuwe kennis en technologie en om een voortdurende instroom van nieuw (internationaal) creatief (top)talent en permanente bijscholing. Naast een economische waarde heeft de creatieve sector ook een maatschappelijk toegevoegde waarde. Met name de subsector Kunsten & Cultureel Erfgoed bevordert, met een vaak cross-sectorele aanpak, participatie en cohesie van diverse groepen in de samenleving. De toegevoegde waarde van de creatieve industrie wordt door andere sectoren nog onvoldoende op waarde geschat en benut. Voor professionals en aankomend talent is het cruciaal dat zij de juiste kennis en vaardigheden ontwikkelen om de meerwaarde en identiteit van de creatieve industrie over het voetlicht te brengen. De ondertekenaars van deze HCA hebben de intentie de ingezette samenwerking nog concreter vorm te geven. Het Centre of Expertise, Centrum voor Innovatief Vakmanschap en de Amsterdam Campus zijn hierbij dé vehikels om concrete afspraken en projecten tussen de drie partijen uit de gouden driehoek te realiseren. Prioriteit hierbij is de vraagarticulatie vanuit het bedrijfsleven verder aan te scherpen, afspraken hierover tussen partijen zijn reeds gemaakt. AIM wordt gevraagd twee per jaar een bijeenkomst te organiseren om concrete acties met elkaar te benoemen. Deze HCA, met bijbehorende ambitie en invulling, zal dan ook jaarlijks door het Kernteam geëvalueerd en zo nodig bijgesteld worden. Hierbij blijft afstemming met de MRA –agenda’s: HCA ICT en HCA Toerisme en Congressen gewenst.
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This study examines how social networking facilitated by coworking spaces help entrepreneurs. Drawing on previous research in the different social science disciplines, a conceptual model is proposed that links coworking space interventions to social capital, and performance benefits. The model distinguishes three coworking interventions, i.e. design of the physical space, facilitative tools, and community management. Furthermore, the model differentiates bridging and bonding social capital. Nineteen interviews were conducted with entrepreneurs who work in three coworking spaces. The findings confirm the relationship between coworking space interventions, bridging and bonding social capital, and performance benefits. Theoretically, this study contributes in developing further knowledge about the increasing social value of coworking spaces. Managerially, this study highlights how the curation of collaborative workspaces can help promoting social capital as well as better conditions for individuals who seek to work in social environments.
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