Human Capital and New Venture Performance: The Moderating Role of Social Relations

Thiess, Dorina; Sieger, Philipp; Grichnik, Dietmar (2016). Human Capital and New Venture Performance: The Moderating Role of Social Relations (Unpublished). In: 76th Annual Meeting of the Academy of Management. Anaheim (USA). August 5-9, 2016.

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With whom should entrepreneurs create their firms in order to enhance nascent venture performance? Conventional wisdom suggests that the stronger human capital and social relations in nascent venture teams are, the better the nascent venture’s performance. We draw from social embeddedness literature, however, and argue that the positive effect of team members’ human capital on three different dimensions of nascent venture performance is weaker when team members exhibit strong social relations. Our analysis of 488 nascent venture teams in the PSED II dataset confirms our predictions, showing that nascent ventures of teams with strong human capital but weaker social relations exhibit the best performance. The study thus offers valuable contributions particularly to literature on entrepreneurial teams the determinants of new venture performance.

Item Type:

Conference or Workshop Item (Paper)


03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute of Innovation Management > Management

UniBE Contributor:

Sieger, Philipp


300 Social sciences, sociology & anthropology > 330 Economics
600 Technology > 650 Management & public relations




Philipp Sieger

Date Deposited:

19 Jul 2016 14:41

Last Modified:

22 Jul 2016 08:50


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