An Everlasting Battle between Theoretical Knowledge and Practical Skills? The Joint Impact of Education and Professional Experience on Entrepreneurial Success
Objective: The objective of the article is to examine the complementarity between education and professional experience and the complementarity’s impact on the probability of entrepreneurial success. Research Design & Methods: To test the complementarity, we utilise a sample...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Cracow University of Economics
2020-06-01
|
| Series: | Entrepreneurial Business and Economics Review |
| Subjects: | |
| Online Access: | https://eber.uek.krakow.pl/eber/article/view/730 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850075961539690496 |
|---|---|
| author | Agnieszka Kurczewska Wirginia Doryń Dorota Wawrzyniak |
| author_facet | Agnieszka Kurczewska Wirginia Doryń Dorota Wawrzyniak |
| author_sort | Agnieszka Kurczewska |
| collection | DOAJ |
| description |
Objective: The objective of the article is to examine the complementarity between education and professional experience and the complementarity’s impact on the probability of entrepreneurial success.
Research Design & Methods: To test the complementarity, we utilise a sample of both successful entrepreneurs and salary workers with previous entrepreneurial experience and a logit model with a dependent variable indicating the respondent’s membership in one of these two groups. Secondly, we use net income as a proxy of entrepreneurial success and run ordered logit regressions on a sample of successful entrepreneurs.
Findings: Our study confirms the existence of complementarity between education and breadth of professional experience and its impact on the probability of an entrepreneur’s success.
Implications & Recommendations: Our findings are informative for those planning or pursuing an entrepreneurial career, but they are also relevant for entrepreneurship education and entrepreneurship research.
Contribution & Value Added: We add to the knowledge of entrepreneurial success factors and the relationships among them. We particularise Lazear’s theory of entrepreneurship by addressing the complementarity effect between education and professional experience.
|
| format | Article |
| id | doaj-art-17941e7c67944380af522d7ac74c5cc7 |
| institution | DOAJ |
| issn | 2353-8821 |
| language | English |
| publishDate | 2020-06-01 |
| publisher | Cracow University of Economics |
| record_format | Article |
| series | Entrepreneurial Business and Economics Review |
| spelling | doaj-art-17941e7c67944380af522d7ac74c5cc72025-08-20T02:46:08ZengCracow University of EconomicsEntrepreneurial Business and Economics Review2353-88212020-06-018210.15678/EBER.2020.080212An Everlasting Battle between Theoretical Knowledge and Practical Skills? The Joint Impact of Education and Professional Experience on Entrepreneurial SuccessAgnieszka Kurczewska0https://orcid.org/0000-0002-3088-5044Wirginia Doryń1https://orcid.org/0000-0001-7112-4295Dorota Wawrzyniak2https://orcid.org/0000-0002-2829-3664University of Lodz, Faculty of Economics and Sociology, Institute of EconomicsUniversity of Lodz, Faculty of Economics and Sociology, Institute of EconomicsUniversity of Lodz, Faculty of Economics and Sociology, Institute of Economics Objective: The objective of the article is to examine the complementarity between education and professional experience and the complementarity’s impact on the probability of entrepreneurial success. Research Design & Methods: To test the complementarity, we utilise a sample of both successful entrepreneurs and salary workers with previous entrepreneurial experience and a logit model with a dependent variable indicating the respondent’s membership in one of these two groups. Secondly, we use net income as a proxy of entrepreneurial success and run ordered logit regressions on a sample of successful entrepreneurs. Findings: Our study confirms the existence of complementarity between education and breadth of professional experience and its impact on the probability of an entrepreneur’s success. Implications & Recommendations: Our findings are informative for those planning or pursuing an entrepreneurial career, but they are also relevant for entrepreneurship education and entrepreneurship research. Contribution & Value Added: We add to the knowledge of entrepreneurial success factors and the relationships among them. We particularise Lazear’s theory of entrepreneurship by addressing the complementarity effect between education and professional experience. https://eber.uek.krakow.pl/eber/article/view/730entrepreneurial success; complementarity; Lazear’s theory of entre-preneurship; Mincer’s wage model |
| spellingShingle | Agnieszka Kurczewska Wirginia Doryń Dorota Wawrzyniak An Everlasting Battle between Theoretical Knowledge and Practical Skills? The Joint Impact of Education and Professional Experience on Entrepreneurial Success Entrepreneurial Business and Economics Review entrepreneurial success; complementarity; Lazear’s theory of entre-preneurship; Mincer’s wage model |
| title | An Everlasting Battle between Theoretical Knowledge and Practical Skills? The Joint Impact of Education and Professional Experience on Entrepreneurial Success |
| title_full | An Everlasting Battle between Theoretical Knowledge and Practical Skills? The Joint Impact of Education and Professional Experience on Entrepreneurial Success |
| title_fullStr | An Everlasting Battle between Theoretical Knowledge and Practical Skills? The Joint Impact of Education and Professional Experience on Entrepreneurial Success |
| title_full_unstemmed | An Everlasting Battle between Theoretical Knowledge and Practical Skills? The Joint Impact of Education and Professional Experience on Entrepreneurial Success |
| title_short | An Everlasting Battle between Theoretical Knowledge and Practical Skills? The Joint Impact of Education and Professional Experience on Entrepreneurial Success |
| title_sort | everlasting battle between theoretical knowledge and practical skills the joint impact of education and professional experience on entrepreneurial success |
| topic | entrepreneurial success; complementarity; Lazear’s theory of entre-preneurship; Mincer’s wage model |
| url | https://eber.uek.krakow.pl/eber/article/view/730 |
| work_keys_str_mv | AT agnieszkakurczewska aneverlastingbattlebetweentheoreticalknowledgeandpracticalskillsthejointimpactofeducationandprofessionalexperienceonentrepreneurialsuccess AT wirginiadoryn aneverlastingbattlebetweentheoreticalknowledgeandpracticalskillsthejointimpactofeducationandprofessionalexperienceonentrepreneurialsuccess AT dorotawawrzyniak aneverlastingbattlebetweentheoreticalknowledgeandpracticalskillsthejointimpactofeducationandprofessionalexperienceonentrepreneurialsuccess AT agnieszkakurczewska everlastingbattlebetweentheoreticalknowledgeandpracticalskillsthejointimpactofeducationandprofessionalexperienceonentrepreneurialsuccess AT wirginiadoryn everlastingbattlebetweentheoreticalknowledgeandpracticalskillsthejointimpactofeducationandprofessionalexperienceonentrepreneurialsuccess AT dorotawawrzyniak everlastingbattlebetweentheoreticalknowledgeandpracticalskillsthejointimpactofeducationandprofessionalexperienceonentrepreneurialsuccess |