Health as Human Capital in Entrepreneurship: Individual, Extension, and Substitution Effects on Entrepreneurial Success. (January 2021)

• Record Type: Journal Article
• Authors: Hatak, Isabella; Zhou, Haibo
• Other Names: Nicolaou Nicos guest-editor.; Phan Phillip H. guest-editor.; Stephan Ute guest-editor.
• Is Part Of: Entrepreneurship theory and practice. Volume 45:Number 1(2021)
• Page Start: 18
• Page End: 42
• Publication Date: 2021-01
• Subjects: entrepreneurial health -- spousal health -- entrepreneurial success -- entrepreneurial well-being -- human capital; Small business -- Periodicals; New business enterprises -- Periodicals; Entrepreneurship -- Periodicals; 658.421
• DOI: 10.1177/1042258719867559
• Languages: English
• ISSNs: 1042-2587

Abstract

This study investigates how entrepreneurial health and spousal health influence monetary and non-monetary entrepreneurial success. Drawing on human capital theory in combination with a family embeddedness perspective on entrepreneurship and applying actor–partner interdependence models to longitudinal data, we conclude that overall spousal health constitutes an important extension of entrepreneurs' human capital influencing entrepreneurial success. This study further contributes to human capital research by offering interesting insights and novel theorizing on substitution effects for different types of entrepreneurial human capital, and adds to a biological perspective on entrepreneurship by considering the differential role of biological sex in the health–success relationship.