Munich Personal RePEc Archive

Where do entrepreneurial skills come from?

Stuetzer, Michael and Obschonka, Martin and Davidsson, Per and Schmitt-Rodermund, Eva (2013): Where do entrepreneurial skills come from? Published in: Applied Economics Letters , Vol. 20, No. 12 (2013): pp. 1183-1186.

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Abstract

Applying Lazear’s jack-of-all-trades theory we investigate the formation of entrepreneurial skills in two datasets on innovative new firms. Our results suggest that traditional human capital indicators individually have little or no influence on entrepreneurial skills. However, consistent with Lazaer’s theory those entrepreneurs who exhibit a varied set of work experience have higher entrepreneurial skills relevant for starting and growing a firm. This supports the notion that a varied set of work experiences rather than depth of any particular type of experience or education is important for the development of entrepreneurial skills.

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