You are looking at 1 - 3 of 3 items

  • Author or Editor: Mark Freel x
Clear All Modify Search
You do not have access to this content

Mark Freel

You do not have access to this content

Paul Robson, Tyler Chamberlin and Mark Freel

This chapter is concerned with understanding those human capital factors which predict higher or lower levels of start-up financing. The government agencies and authorities devote substantial amounts of resources to promoting and assisting start-up businesses in the United Kingdom (UK), and beyond. To the extent that undercapitalisation associates with poorer survival prospects, appreciating the non-financial factors influencing capitalisation ought to better inform interventions. The data used are from a large-scale survey of UK small and medoium-sized enterprises (SMEs). The results show that financial qualifications or training, habitual entrepreneurs and exporting firms all have higher amounts of start-up finance. The results also show that female-led businesses have lower start-up finance compared to male-led businesses. Taken together, the results suggest that policy-makers should be focused on developing human capital, or entrepreneurial characteristics, rather than attempting to push more money into markets.