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General human capital refers to more specialized skills, such as entrepreneurial, managerial and technical skills or previous experience in owning a business.
False
The findings related to the link between general human capital and entrepreneurship are uniform.
False
According to the study by Cooper et al., business performance in the early stages (survival and growth) was improved by the level of education of the entrepreneur.
True
The researchers concluded that overall human capital is not as well rewarded in self-employment in new businesses with higher survival and growth rates as in employment.
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Racial minority was linked to higher odds of both marginal survival and growth in the study.
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Gender was only significantly decreasing in the study.
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Human capital positively affects both the likelihood of self-employment and the likelihood of self-employment success.
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A study by the US Small Business Administration found that higher levels of education are associated with a faster growth in the number of self-employed individuals.
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Cheng believes that previous work experience, especially previous self-employment, negatively affects the transition to self-employment.
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Rotefos and Kolvereid state that entrepreneurial experience is not a significant factor in predicting the outcome of starting a business.
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Cressy's study found that financial capital is the true determinant of survival at the beginning of a business.
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Taylor observed a negative effect of human capital experience on business longevity.
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Bates found that education has no impact on business longevity.
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Diochon et al.'s study revealed dimensions of overall human capital that are associated with success in starting a business.
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Davidsson and Honig's research with Swedish entrepreneurs concluded that education and professional experience are crucial for the formation of companies.
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Unger, Rauch, Frese, and Rosenbusch found a weak relationship between human capital and entrepreneurial success.
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