Volume 20, Number 4 (Fall) 1985
Bates, Timothy. 1985. "Entrepreneur Human Capital Endowments and Minority Business Viability." Journal of Human Resources 20(4):540-554.
This study analyzes the relationship between entrepreneur human capital endowments and minority enterprise profitability. The better educated subset of entrepreneurs earns high profits relative to their minority business counterparts, and the lines of business in which they are concentrating lie outside the retail and personal service areas that have traditionally dominated minority business activity. In addition to fostering industrial diversity by creating and expanding firms in heavy construction, manufacturing, and skill-intensive services, the better educated entrepreneur group is found to be utilizing effectively both its financial and human capital inputs.
The author is Professor of Economics, University of Vermont.
The research reported herein was supported in part by the U.
S. Department of Commerce Minority Business Development Agency. Conclusions
expressed in this paper are solely those of the author.
© 2003 by the Board of Regents of the University of Wisconsin System
US ISSN 0022-166X