Impact of Financial, Social and Human Capital on Entrepreneurial Success

Abstract

This paper analyzes the impact of financial, social and human capital on entrepreneurial success through the constructs of initial investment in business, access to finance, network ties, trust in network, shared vision, education, and experience as the predictors. This empirical study was conducted via structured questionnaire on a sample of 118 Nepalese renewable energy enterprises having 264 respondents through correlation and multiple regression analysis using IBM SPSS statistics 20. The study shows that the strong role played by access to finance, network ties, trust in network, education and experience while a weak role played by initial investment in business and shared vision in determining entrepreneurial success. Accordingly, the study theorizes an educated and experienced individual having access to finance and good networking through trust among networks can be successful entrepreneurs. This study can be further extended by empirical testing of the proposed model of entrepreneurial success to get greater insights into the results.