Entrepreneurship, organization capital, and the evolution of the firm

Atsushi Oshima, B. Ravikumar, Raymond Riezman

Research output: Chapter in Book/Report/Conference proceedingChapter


We view the entrepreneur as an agent who possesses human capital in the form of specific skills or talents. When she starts a firm, her human capital is essential to the firm and it has substantial private value. The entrepreneur transforms her human capital over time into what we call organization capital. This organization capital can be sold as part of the firm, and so the dynamic process of transforming specific human capital into organization capital means that the value of the firm increases over time.

Original languageEnglish (US)
Title of host publicationInternational Trade and Economic Dynamics
Subtitle of host publicationEssays in Memory of Koji Shimomura
PublisherSpringer Berlin Heidelberg
Number of pages13
ISBN (Print)9783540786757
StatePublished - 2009
Externally publishedYes

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)


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