Organizational Mortality of Small Firms: The Effects of Entrepreneurial Age and Human Capital
基于人力资本理论，研究了创业年龄和人力资本如何影响小企业的组织死亡率，使用西德地区的企业注册与注销事件历史数据验证假设。
This paper addresses the issue of internal determination of organizational outcomes. It is argued that in small and simply structured organizations a considerable proportion of the variance in organizational activities and outcomes is associated with individuals. In particular, the paper uses human capital theory to derive hypotheses about individual determinants of organizational mortality. These hypotheses are tested with event-history data of firm registrations and de-registrations in a West German region. The hypotheses are corroborated by the data, but the effects may nonetheless be due to processes linking individual characteristics with organizational performance other than those suggested by the human capital approach.