Book chapter
Entrepreneurship, organization capital, and the evolution of the firm
International Trade and Economic Dynamics: Essays in Memory of Koji Shimomura, pp.499-511
Springer
2008
DOI: 10.1007/978-3-540-78676-4_32
Abstract
We view the entrepreneur as an agent who possesses human capital in the form of specific skills or talents. When she starts a firm, her human capital is essential to the firm and it has substantial private value. The entrepreneur transforms her human capital over time into what we call “organization capital.” This organization capital can be sold as part of the firm, and so the dynamic process of transforming specific human capital into organization capital means that the value of the firm increases over time.
Details
- Title: Subtitle
- Entrepreneurship, organization capital, and the evolution of the firm
- Creators
- Atsushi Oshima - University of IowaB. Ravikumar - University of IowaRaymond Riezman - University of Iowa
- Resource Type
- Book chapter
- Publication Details
- International Trade and Economic Dynamics: Essays in Memory of Koji Shimomura, pp.499-511
- DOI
- 10.1007/978-3-540-78676-4_32
- Publisher
- Springer; New York
- Number of pages
- 13
- Language
- English
- Date published
- 2008
- Academic Unit
- Economics
- Record Identifier
- 9984963202202771
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