Human capital and business growth of the Startups: an approach to the state of the art

Authors

DOI:

https://doi.org/10.56294/sctconf2023362

Keywords:

Bibliometric Analysis, Startup, Human Capital, Business Development

Abstract

This document is a systematic and bibliometric review on the transitory characteristics and research trends in the last 7 years, on human capital and business growth in the field of startups. The exploration was carried out in the bibliographic database Scopus, obtaining 111 documents, including articles, book chapters, books, conferences and abstracts, in the areas of knowledge related to the topic. For this, the Biblioshiny web interface of the Bibliometrix package of the statistical program Rstudio was used, the file was processed in csv format downloaded from the Scopus metasearch engine. The results suggest a higher percentage of scientific articles (79 %), with a higher volume in 2021 (25 works), while the Journal of small business management stands out as having a great impact and one of the authors with the highest H index, was Frid C.J. with an indicator of 2 points, together with Gartner W.B., Nigam N. and Wyman D.M.  Regarding the analysis of co-occurrences of words, the terms entrepreneuship and human capital are the most relevant and those that have the strongest relationship in the field of study.

References

1. Alvaréz NLD, Alvarado MFJ, Vides LYN, Rojas MG. Perception of the campaign “Tómate la vida y abona por ella" of the Latin Pale Craft Beer brand, among consumers between 25 and 37 years old, inhabitants of the city of Bogotá. Health Leadership and Quality of Life 2022;1:14-14. https://doi.org/10.56294/hl202214.

2. Alvarez Salazar, J. (2020). Organizational resources and survival of startups firms – a qualitative analysis in the Peruvian context. Academia Revista Latinoamericana de Administración, ahead-of-print(ahead-of-print). doi:10.1108/arla-04-2020-0080

3. Amaro NNV, Rios SWR, Claudio BAM. Influencing factors and student desertion at a private university in northern Lima. Seminars in Medical Writing and Education 2022;1:14-14. https://doi.org/10.56294/mw202214.

4. Assenova, V. A. (2021). Institutional Change and Early-Stage Start-Up Selection: Evidence from Applicants to Venture Accelerators. Organization Science, 32(2), 407–432. doi:10.1287/orsc.2020.1390

5. Bao, Y., Miao, Q., Liu, Y., & Garst, D. (2016). Human capital, perceived domestic institutional quality and entrepreneurship among highly skilled chinese returnees. Journal of Developmental Entrepreneurship, 21(01), 1650002. Doi:10.1142/S1084946716500023

6. Baum, J. A. C., & Silverman, B. S. (2015). Corrigendum to “Picking winners or building them? Alliance, intellectual, and human capital as selection criteria in venture financing and performance of biotechnology startups” [J. Bus. Ventur. 19 (2004) 411–436]. Journal of Business Venturing, 30(2), 355. doi:10.1016/j.jbusvent.2014.12.00

7. Bhagavatula, S., Mudambi, R., & Murmann, J. P. (2019). Innovation and Entrepreneurship in India: An Overview. Management and Organization Review, 15(03), 467–493. doi:10.1017/mor.2019.52

8. Bilgin, M. H., Gozgor, G., & Rangazas, P. (2019). Immigration, Innovation, and Economic Growth. The Singapore Economic Review. doi:10.1142/s0217590819500164

9. Blank, T. H. (2020). When incubator resources are crucial: survival chances of student startups operating in an academic incubator. The Journal of Technology Transfer. doi:10.1007/s10961-020-09831-4

10. Blume-Kohout, M. E. (2015). Why are some foreign-born workers more entrepreneurial than others? The Journal of Technology Transfer, 41(6), 1327–1353. doi:10.1007/s10961-015-9438-3

11. Bórquez Tepezano, B., González Espinoza, M., & Muñoz del Real, G. (2020). Análisis sobre la percepción de la calidad y la relación con el desempeño del capital humano. Ad-Gnosis, 9(9), 11-19. https://doi.org/10.21803/adgnosis.9.9.433

12. Caliendo, M., Goethner, M., & Weißenberger, M. (2020). Entrepreneurial persistence beyond survival: Measurement and determinants. Journal of Small Business Management, 58(3), 617–647. doi:10.1080/00472778.2019.1666532

13. Cano CAG, Castillo VS. Unveiling the Thematic Landscape of Cultural Studies Through Bibliometric Analysis. Community and Interculturality in Dialogue 2022;2:34-34. https://doi.org/10.56294/cid202234.

14. Canova-Barrios C, Machuca-Contreras F. Interoperability standards in Health Information Systems: systematic review. Seminars in Medical Writing and Education 2022;1:7-7. https://doi.org/10.56294/mw20227.

15. Castellanos SMS, Aldana LLS. The generation of transmedia content from the analysis of the image in tourism, an approach to the publication in social networks. Metaverse Basic and Applied Research 2022;1:19-19. https://doi.org/10.56294/mr202219.

16. Castillo-González W, Dorta-Contreras AJ. Scientific critique: A methodological proposal. Educacion Medica 2017;18:285-8. https://doi.org/10.1016/j.edumed.2016.10.001.

17. Castillo-González W, González-Losada C, Iglesias-González IM, Dorta-Contreras AJ. Immuno-epidemiological inquiry in children suffering viral meningoncephalitis vaccinate against mumps, rubella and measles. VacciMonitor 2019;28:19-28.

18. Chahine, S., & Zhang, Y. (2020). Change Gears Before Speeding Up: The Roles Of Ceo Human Capital And Vc Monitoring In Ceo Change Before Ipo. Strategic Management Journal. doi:10.1002/smj.3197

19. Chandran R. Human-Computer Interaction in Robotics: A bibliometric evaluation using Web of Science. Metaverse Basic and Applied Research 2022;1:22-22. https://doi.org/10.56294/mr202222.

20. Cinar, E. M., Du, Y., & Hienkel, T. (2018). Chinese entrepreneurship attributes: a comparative GEM data analysis. Journal of Entrepreneurship in Emerging Economies, 10(2), 217–248. doi:10.1108/jeee-03-2017-0016

21. Cirulli A, Godoy A. Inclusive Recruitment: Exploring Theories, Legal Aspects, and Trans Talent in the Corporate World. Community and Interculturality in Dialogue 2022;2:27-27. https://doi.org/10.56294/cid202227.

22. Claros BST. Importance of design and user experience (UX) in web development. Metaverse Basic and Applied Research 2022;1:20-20. https://doi.org/10.56294/mr202220.

23. D’Antonio, R. G., & Sim, Y. (2017). Los Angeles County: A Business Case for Sustainability. International Conference on Sustainable Infrastructure 2017. doi:10.1061/9780784481202.023

24. Ekinci, Y., Gordon-Wilson, S., & Slade, A. (2020). An exploration of entrepreneurs’ identities and business growth. Business Horizons, 63(3), 391–401. doi:10.1016/j.bushor.2020.02.003

25. Ferraro, S., Dutt, P. K., & Kerikmäe, T. (2017). Using Patent Development, Education Policy and Research and Development Expenditure Policy to Increase Technological Competitiveness of Small European Union Member States. Croatian International Relations Review, 23(78), 97–126. doi:10.1515/cirr-2017-0009

26. Frid, C. J., Wyman, D. M., Gartner, W. B., & Hechavarria, D. H. (2016). Low-wealth entrepreneurs and access to external financing. International Journal of Entrepreneurial Behavior & Research, 22(4), 531–555. doi:10.1108/ijebr-08-2015-0173

27. Fukugawa, N. (2018). Human capital management at incubators successful in new firm creation: evidence from Japan. International Journal of Entrepreneurship and Small Business, 35(4), 538. doi:10.1504/ijesb.2018.096175

28. Gonzalez-Argote J. Calidad del Sueño: Factor Clave en la Recuperación Física y Mental de Estudiantes de Medicina. Interdisciplinary Rehabilitation / Rehabilitacion Interdisciplinaria 2022;2:21-21. https://doi.org/10.56294/ri202221.

29. Gonzalez-Argote J. Uso de la realidad virtual en la rehabilitación. Interdisciplinary Rehabilitation / Rehabilitacion Interdisciplinaria 2022;2:24-24. https://doi.org/10.56294/ri202224.

30. Gu, L., Huang, R., Mao, Y., & Tian, X. (2020). How Does Human Capital Matter? Evidence from Venture Capital. Journal of Financial and Quantitative Analysis, 1–64. doi:10.1017/s0022109020000691

31. Gupta, P. D., & Bhattacharya, S. (2016). Impact of Knowledge Management Processes for Sustainability of Small Family Businesses: Evidences from the Brassware Sector of Moradabad (India). Journal of Information & Knowledge Management, 15(04), 1650040. doi:10.1142/s0219649216500404

32. Gupta, V., & Rubalcaba, L. (2021). Competency-Industry Relatedness (C-IR) Framework for Sustained Business Growth in Startups during and Beyond Pandemic: Myths and Lessons from Publicly Funded Innovative Startups. Sustainability, 13(9), 4632. doi:10.3390/su13094632

33. Hashai, N., & Zahra, S. (2021). Founder team prior work experience: An asset or a liability for startup growth? Strategic Entrepreneurship Journal. doi:10.1002/sej.1406

34. Haynes, K. T., Hitt, M. A., & Campbell, J. T. (2015). The Dark Side of Leadership: Towards a Mid-Range Theory of Hubris and Greed in Entrepreneurial Contexts. Journal of Management Studies, 52(4), 479–505. doi:10.1111/joms.12127

35. Henderson, L., Herring, C., Horton, H. D., & Thomas, M. (2015). Credit Where Credit is Due?: Race, Gender, and Discrimination in the Credit Scores of Business Startups. The Review of Black Political Economy, 42(4), 459–479. doi:10.1007/s12114-015-9215-4

36. Hornuf, L., Schmitt, M., & Stenzhorn, E. (2018). Equity crowdfunding in Germany and the United Kingdom: Follow-up funding and firm failure. Corporate Governance: An International Review, 26(5), 331–354. doi:10.1111/corg.12260

37. Inastrilla CRA. Big Data in Health Information Systems. Seminars in Medical Writing and Education 2022;1:6-6. https://doi.org/10.56294/mw20226.

38. Jiménez-Franco LE. Mapping the structure of knowledge about Community and Home Care. Community and Interculturality in Dialogue 2022;2:42-42. https://doi.org/10.56294/cid202242.

39. Kaiser, U., & Müller, B. (2015). Skill heterogeneity in startups and its development over time. Small Business Economics, 45(4), 787–804. doi:10.1007/s11187-015-9667-8

40. Lai, Y., & Vonortas, N. S. (2019). Regional entrepreneurial ecosystems in China. Industrial and Corporate Change, 28(4), 875–897. doi:10.1093/icc/dtz035

41. Lee, B. (2018). Human capital and labor: the effect of entrepreneur characteristics on venture success. International Journal of Entrepreneurial Behavior & Research. doi:10.1108/ijebr-10-2017-0384

42. Lepez CO, Quisbert EJ, Gomez ME, Simeoni IA. Dimensions of psychosocial care in the teaching profession. Community and Interculturality in Dialogue 2022;2:35-35. https://doi.org/10.56294/cid202235.

43. Lim, J. Y.-K., & Busenitz, L. W. (2019). Evolving human capital of entrepreneurs in an equity crowdfunding era. Journal of Small Business Management, 58(1), 106–129. doi:10.1080/00472778.2019.1659674

44. López Muñoz, J. L., Mugno Noriega, A., & Jay Vanegas, W. (2019). Educación financiera una alternativa para promover cambios significativos en la calidad de vida de la sociedad colombiana. Ad-Gnosis, 8(8). https://doi.org/10.21803/adgnosis.v8i8.362

45. Marullo, C., Casprini, E., Di Minin, A., & Piccaluga, A. (2018). “Ready for Take-off”: How Open Innovation influences startup success. Creativity and Innovation Management. doi:10.1111/caim.12272

46. Marvel, M. R., Wolfe, M. T., & Kuratko, D. F. (2020). Escaping the knowledge corridor: How founder human capital and founder coachability impacts product innovation in new ventures. Journal of Business Venturing, 35(6), 106060. doi:10.1016/j.jbusvent.2020.10606

47. Meijides-Mejías C, Castillo-González W, Rodríguez-Pérez JA, Lombillo-Alfonso F, Mirabal-Viel A, Pérez-Del-Vallín V, et al. MASP-2: New evaluating parameters. Revista Cubana de Investigaciones Biomedicas 2019;38.

48. Miguel, S., Moya-Anegón, F., & Herrero-Solana, V. (2007). The analysis of co-citations as a research method in Library and Information Science. Library research, 139-155.

49. Miranda Passo, J. C., & Maestre De La Espriella, L. E. (2019). El Caribe a oscuras: La crisis de Electricaribe. Dictamen Libre, 14(24), 183–191. https://doi.org/10.18041/2619-4244/dl.24.5472

50. Moreno MCC, Castro GLG. Strengthening Governance in Caquetá: The Role of Web-based Transparency Mechanisms for Public Information. Metaverse Basic and Applied Research 2022;1:16-16. https://doi.org/10.56294/mr202216.

51. Muñoz, P., & Cohen, B. (2017). Mapping out the sharing economy: A configurational approach to sharing business modeling. Technological Forecasting and Social Change, 125, 21–37. doi:10.1016/j.techfore.2017.03.03

52. Nigam, N., Mbarek, S., & Boughanmi, A. (2020). Impact of intellectual capital on the financing of startups with new business models. Journal of Knowledge Management, ahead-of-print(ahead-of-print). doi:10.1108/jkm-11-2019-0657

53. Nigama, N., Benetti, C., & Johan, S. A. (2020). Digital start-up access to venture capital financing: What signals quality? Emerging Markets Review, 100743. doi:10.1016/j.ememar.2020.100743

54. Nuscheler, D., Engelen, A., & Zahra, S. A. (2018). The role of top management teams in transforming technology-based new ventures’ product introductions into growth. Journal of Business Venturing. doi:10.1016/j.jbusvent.2018.05.00

55. Olaya HDA, Atocha MRÁ, Ruiz GEZ, Claudio BAM. Empowerment as a driver of job performance: evidence from the literature and theoretical perspectives. Health Leadership and Quality of Life 2022;1:11-11. https://doi.org/10.56294/hl202211.

56. Paoloni, P., & Dumay, J. (2015). The relational capital of micro-enterprises run by women: the startup phase. VINE, 45(2), 172–197. doi:10.1108/vine-01-2014-0003

57. Pérez-Del-Vallín V. Development of communication skills in the health sector. Seminars in Medical Writing and Education 2022;1:5-5. https://doi.org/10.56294/mw20225.

58. Prommer, L., Tiberius, V., & Kraus, S. (2020). Exploring the future of startup leadership development. Journal of Business Venturing Insights, 14, e00200. doi:10.1016/j.jbvi.2020.e00200

59. Ramos EEA, Veliz AXL, Ruiz GEZ, Claudio BAM. Multidimensional approach to service quality and user satisfaction in the context of health care. Health Leadership and Quality of Life 2022;1:13-13. https://doi.org/10.56294/hl202213.

60. Ramos EEA, Veliz AXL, Ruiz GEZ, Claudio BAM. Quality of Health Services and User Satisfaction in a Health Center in North Lima, Lima - 2023. Health Leadership and Quality of Life 2022;1:12-12. https://doi.org/10.56294/hl202212.

61. Rendón JEJ, Rojas MG. Positioning of clothing brands in Colombia. Community and Interculturality in Dialogue 2022;2:33-33. https://doi.org/10.56294/cid202233.

62. Rivas LM, Alcocer ILA. Efectos del ejercicio de rehabilitación sobre la calidad de vida en pacientes con fibromialgia. Revisión de ensayos clínicos. Interdisciplinary Rehabilitation / Rehabilitacion Interdisciplinaria 2022;2:23-23. https://doi.org/10.56294/ri202223.

63. Rivas LM, Cruz LM. Revisión de ensayos clínicos sobre la eficacia de la rehabilitación cognitiva en pacientes con lesión cerebral traumática. Interdisciplinary Rehabilitation / Rehabilitacion Interdisciplinaria 2022;2:25-25. https://doi.org/10.56294/ri202225.

64. Rocha, V., van Praag, M., Folta, T. B., & Carneiro, A. (2018). Endogeneity in Strategy-Performance Analysis. Organizational Research Methods, 109442811875731. doi:10.1177/1094428118757313

65. Rodríguez-Pérez JA, Mirabal-Viel A, Pérez-Del-Vallín V, Meijides-Mejías C, Castillo-González W, Lumpuy-Castillo J, et al. Kinetics-like equation for cerebrospinal fluid-blood diffusion models. Revista Cubana de Investigaciones Biomedicas 2019;38.

66. Rodríguez-Pérez JA. Strengthening the Implementation of the One Health Approach in the Americas: Interagency Collaboration, Comprehensive Policies, and Information Exchange. Seminars in Medical Writing and Education 2022;1:11-11. https://doi.org/10.56294/mw202211.

67. Ruiz A del PG, Falla JAM, Diaz LYR, Ortiz NE, Rojas MG. Positioning of the brand SingleTrack bicycle workshop in the Quirinal neighborhood of Bogota: Strategies for the year 2023. Health Leadership and Quality of Life 2022;1:17-17. https://doi.org/10.56294/hl202217.

68. Sakakibara, M., & Balasubramanian, N. (2019). Human capital, parent size, and the destination industry of spinouts. Strategic Management Journal, 41(5), 815–840. doi:10.1002/smj.3108

69. Singh, S., & Bala Subrahmanya, M. H. (2020). The financial requirements of tech startups over its lifecycle in Bangalore: An analysis of why and how do they differ? International Journal of Finance & Economics. doi:10.1002/ijfe.2362

70. Skawińska, E., & Zalewski, R. I. (2020). Success Factors of Startups in the EU—A Comparative Study. Sustainability, 12(19), 8200. doi:10.3390/su12198200

71. Stucki, T. (2016). How the founders’ general and specific human capital drives export activities of start-ups. Research Policy, 45(5), 1014–1030. doi:10.1016/j.respol.2016.02.010

72. Talaia, M., Pisoni, A., & Onetti, A. (2016). Factors influencing the fund raising process for innovative new ventures: an empirical study. Journal of Small Business and Enterprise Development, 23(2), 363–378. doi:10.1108/jsbed-07-2014-0111

73. Tzabbar, D., & Margolis, J. (2017). Beyond the Startup Stage: The Founding Team’s Human Capital, New Venture’s Stage of Life, Founder–CEO Duality, and Breakthrough Innovation. Organization Science, 28(5), 857–872. doi:10.1287/orsc.2017.1152

74. Vanoy RJA. STEM Education as a Teaching Method for the Development of XXI Century Competencies. Metaverse Basic and Applied Research 2022;1:21-21. https://doi.org/10.56294/mr202221.

75. Xiao, Y., Dowejko, M. K., Au, K., & Hsu, A. J. C. (2019). “Jack-of-all-trades” with passion: Keener to pursue startup in a team? Journal of Small Business Management, 58(4), 806–833. doi:10.1080/00472778.2019.1672708

76. Xu, Y. (2019). The moderating effect of founding assets on the founders’ human capital: New venture growth relationship. New England Journal of Entrepreneurship. 10.1108/NEJE-05-2019-0027

77. Yang, S., & Tu, C. (2019). Capital and new product quality in high-tech startups - an examination in two environmental contexts. Innovation, 1–17. doi:10.1080/14479338.2019.1626238

78. Zamora AR, Miranda RP, Cruz IAR, López YS, Pedroso MS, Robaina LP. Caracterización clínico–epidemiológica del intento suicida. Interdisciplinary Rehabilitation / Rehabilitacion Interdisciplinaria 2022;2:20-20. https://doi.org/10.56294/ri202220.

79. Zeng, Z. (Elly), & Honig, B. (2016). How Should Entrepreneurship Be Taught to Students with Diverse Experience? A Set of Conceptual Models of Entrepreneurship Education. Models of Start-up Thinking and Action: Theoretical, Empirical and Pedagogical Approaches, 237–282. doi:10.1108/s1074-754020160000018007

80. Zheng, S., & Du, R. (2020). How does urban agglomeration integration promote entrepreneurship in China? Evidence from regional human capital spillovers and market integration. Cities, 97, 102529. doi:10.1016/j.cities.2019.102529

81. Zhou, Y., & Park, S. (2020). The Regional Determinants of the New Venture Formation in China’s Car-Sharing Economy. Sustainability, 13(1), 74. https://doi.org/10.3390/su1301007

Downloads

Published

2023-09-24

Issue

Section

Systematic reviews or meta-analyses

How to Cite

1.
Ariza Dau MA, Mendoza Vega L, Torres Pimiento D, Garcia García M, Miranda Passo JC. Human capital and business growth of the Startups: an approach to the state of the art. Salud, Ciencia y Tecnología - Serie de Conferencias [Internet]. 2023 Sep. 24 [cited 2025 Feb. 4];2:362. Available from: https://conferencias.ageditor.ar/index.php/sctconf/article/view/287