Start-up absorptive capacity: Does the owner’s human and social capital matter?
研究了199家佛兰德初创企业，发现所有者创业经验和桥接社会资本正向影响企业吸收外部信息的能力，且管理经验在动态环境中促进吸收能力，在稳定环境中则起阻碍作用。
This study investigates how a business owner’s human and social capital affects start-up absorptive capacity under different environmental conditions. From an analysis of a sample of 199 Flemish start-ups, the study observes that the owners’ start-up experience and bridging social capital are positively and significantly related to the new venture’s ability to acquire, assimilate and exploit external information. In addition, the findings reveal a positive but decreasing effect of owner-specific human capital as a function of environmental turbulence. Furthermore, the study finds that management experience significantly stimulates start-up absorptive capacity within highly dynamic environments, whereas it hinders it within stable environments. Finally, implications of the study and opportunities for future research are provided.