Open-access Human capital and sociological factors as determinants of entrepreneurship

Abstract

Building on a systematic review of the exis- 2014. The results reveal that the entrepreneuting literature, this study analyzes how different rial examples (role model) have a positive informs of human capital-i.e., formal education fluence on the entrepreneurial decision. In adand self-confidence in entrepreneurial skills- dition, the fear of failure reduces the probability impact the entrepreneurial entry decision. For the empirical application, we used the adult of entrepreneurship, while self-confidence in population survey generated by the Costa Rica their entrepreneurial skills (perceived ability) is Global Entrepreneurship Monitor (GEM) for positively associated with entrepreneurial entry.

Keywords: Entrepreneurial activity; human capital; perceived abilities; role model; fear of failure.

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None Escuela de Administración de Empresas del Tecnológico de Costa Rica, Cartago, Cartago, CR, 159-7050, 506 25509052, (506)-2550-2248 - E-mail: jleiva@tec.ac.cr
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