Abstract

In recent years, increasing interest emerged with respect to the role of education and start-up assistance in fostering entrepreneurial activity. Yet the question of what leads some to develop the intent to pursue entrepreneurial opportunity remains poorly understood in part because research has been too “narrow minded”, or cerebral in the sense that it fails to provide a full sense of the role of human and social capital influences (Hindle, Klyver, & Jennings, 2011), as well as the dynamics (Brannbeck, Krueger, Carsud, & Elfving, 2007), in the formation of such intent. In this study, we extend previous research by developing and empirically testing a model focusing on knowledge, both experientially-based and formal education-based, and access to advice networks. Our contention is that, all else being equal, knowledge, both experiential and that which is based in traditional education, and advice each play systematically unique roles in influencing the formation of entrepreneurial intent.

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