THE EFFECTS OF STRUCTURAL, ECONOMIC, SOCIAL, CULTURAL CAPITALS AND HUMAN CAPITAL ON THE SUCCESS OF TECHNOLOGY-BASED ENTERPRENEURS: THE TURKISH CASE


Cansiz M., Ulusoy M. D.

ISTANBUL JOURNAL OF SOCIOLOGICAL STUDIES-SOSYOLOJI KONFERANSLARI, sa.56, ss.113-149, 2017 (ESCI) identifier

Özet

With the transformation to the information society, technology-based entrepreneurship, which is a source of innovation, exports, and employment, is becoming increasingly important. Thus, entrepreneurship has become one of the most important policy subjects that countries focus on in their approaches to competition and development. As such, various studies on innovative entrepreneurship have been conducted both in the public and academic domains. In this context, the main focus of this study is the types of capital that influence the success of entrepreneurs. This study examined the influence of economic, social, cultural, and human capital conceptualized as "entrepreneur capital". This was executed in conjunction with exploring the influence of structural capital covering the characteristics of the ecosystem in which entrepreneurs situate and operate. Data were collected via a questionnaire, modeled by probit regression, and evaluated by margin analysis. Results suggest that having a working mother, successful entrepreneurs in the family, work experience, an effective work environment, and a business partner all have a positive effect on the success of the entrepreneur. On the other hand, pre-school education, financial support of family, an effective political environment, and trust in other entrepreneurs all have a negative effect on the success of entrepreneurs. Lastly, it is seen that innovative entrepreneurship has been differentiated from industrial entrepreneurship. In this vein, policies designed to support entrepreneurship need to take social and cultural parameters into account as well as economic parameters.