Human (HC) and social capital (SC) provide a number of compelling focal points on new business creation (e.g., Reynolds, 1997, Liao & Welsch, 2003; Davidsson & Honig, 2003; Liao & Welsch, 2005; Diochon, et al., 2008). Less attention, however, has been paid to the impact that cultural capital (CC) plays in the nascent entrepreneurial process (Foley, 2008), particularly with respect to the acquisition of funding (e.g., Lounsbury & Glynn, 2001). CC refers to dominant forms of societal knowledge, skills, and level of education that impact social mobility when viewed aggregately; endows individuals differentially with status and power to act; and can be viewed as embodied, objectified, and institutionalized ((Bourdieu (1983, 1986). We extend this line of inquiry via two research questions: 1) how is CC defined within the context of nascent entrepreneurial activity? 2) how does the presence of HC, SC, and CC influence start-up funding acquisition efforts?
Hechavarria, Diana M.; Schenkel, Mark T.; Matthews, Charles H.; and Ingram, Amy
"DOES CULTURAL CAPITAL MATTER? EXPLORING SOURCES OF FUNDING IN NEW VENTURE CREATION (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 31
, Article 5.
Available at: http://digitalknowledge.babson.edu/fer/vol31/iss3/5