Entrepreneurship, organization capital and the evolution of the firm

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, so the dynamic process of transforming specific human capital into organization capital means that the value of the firm increases over time.

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Year of publication:	2008
Authors:	Oshima, Atsushi ; Ravikumar, B. ; Riezman, Raymond
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	Unternehmer \| Humankapital \| Unternehmensgründung \| Unternehmensorganisation \| Unternehmensentwicklung \| Unternehmenswert \| Theorie \| Japan \| organization capital \| entrepreneur

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Series:	CESifo Working Paper ; 2242
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	559515340 [GVK] hdl:10419/26287 [Handle]
Classification:	L26 - Entrepreneurship ; D92 - Intertemporal Firm Choice and Growth, Investment, or Financing
Source:	EconStor

Persistent link: https://www.econbiz.de/10010264321