Clogs to Clogs in Three Generations? Explaining Entrepreneurial Performance in Britain Since 1850
用终身财富积累衡量企业家绩效,分析英国商业传记数据,发现教育和企业家类型是关键因素:继承企业和接受精英教育者财富增长较慢,而创业者、经理人和低地位教育者更成功。
Research into sculture and entrepreneurship in Britain has been dominated by casual empiricism. This article shows the benefits of using a new method. Lifetime wealth accumulation is specified as a measure of entrepreneurial performance, and applied to data collected from dictionaries of business biography. Industry, region, and religious dissent are ruled out as explanations of entrepreneurial performance. Education and entrepreneurial type are the important predictors. Firm inheritors and those receiving a high-status education experienced relatively low lifetime rates of wealth accumulation. Firm founders, managers, and individuals with a lower-status education were comparatively successful.