“Class matters”: human and social capital in the entrepreneurial process.
Anderson, Alistair R.
Miller, Claire J.
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ANDERSON, A. R. and MILLER, C. J., 2003. “Class matters”: human and social capital in the entrepreneurial process. Journal of Socio-Economics, 32 (1), pp. 17-36.
This paper explores how entrepreneurial family background impacts upon the development of social and human capital resources and demonstrates how these affect the profitability and growth of new enterprise. Through a qualitative approach, we found that those entrepreneurs from higher socio-economic groupings had high endowments of human capital. Significantly, their businesses were characterised by greater profitability and growth potential. Those entrepreneurs also had social networks characterised by high endowments of human capital. Consequently entrepreneurs from higher socio-economic class had access to highly effective business support, and these networks provided a ‘platform’ from which opportunities could be both recognised and realised.