TY - JOUR
T1 - Human capital, social capital, and firm dissolution
AU - Pennings, Johannes M.
AU - Lee, Kyungmook
AU - Van Witteloostuijn, Arjen
PY - 1998/1/1
Y1 - 1998/1/1
N2 - This study examined the effect of human and social capital upon firm dissolution with data from a population of Dutch accounting firms for the period 1880-1990. Human capital was captured by firm-level proxies for firm tenure, industry experience, and graduate education. The social capital proxy was professionals' ties to potential clients. Human and social capital strongly predicted firm dissolution, and effects depended on their specificity (uniqueness) and nonappropriability (the ownership status of that capital). Findings suggest an integration of the resource-based view of the firm and organizational ecology and a concomitant stimulant for future research along these lines.
AB - This study examined the effect of human and social capital upon firm dissolution with data from a population of Dutch accounting firms for the period 1880-1990. Human capital was captured by firm-level proxies for firm tenure, industry experience, and graduate education. The social capital proxy was professionals' ties to potential clients. Human and social capital strongly predicted firm dissolution, and effects depended on their specificity (uniqueness) and nonappropriability (the ownership status of that capital). Findings suggest an integration of the resource-based view of the firm and organizational ecology and a concomitant stimulant for future research along these lines.
UR - http://www.scopus.com/inward/record.url?scp=0032220425&partnerID=8YFLogxK
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U2 - 10.2307/257082
DO - 10.2307/257082
M3 - Article
AN - SCOPUS:0032220425
VL - 41
SP - 425
EP - 440
JO - Academy of Management Journal
JF - Academy of Management Journal
SN - 0001-4273
IS - 4
ER -
