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The Moderating Effect Of Founding Assets On The Founders’ Human Capital: New Venture Growth Relationship, Yang Xu
New England Journal of Entrepreneurship
Purpose – The purpose of this paper is to investigate into the conditions under which founders’ human capital (HC) benefits new venture growth (NVG). One such condition is investigated in this study – initial assets at founding. Specifically, founding assets are hypothesized to moderate the relationship between founders’ HC and NVG. Design/methodology/approach – The longitudinal panel database from the Kauffman Firm Survey for the period 2004–2011 was used to test the hypotheses. The final sample consisted of 4,923 firms, with 34,461 observations made over seven years. Findings – The regression analysis found the effect of founders’ HC on NVG and …