Empirical Research on Founder's Human Capital and Venture Growth Performance in China

Business growth performance is significantly influenced by founder human capital. Human capital elements are key variables to explain the difference of business growth performance of different enterprises. Under some necessary research assumptions, the statistical analysis in this study uses data that is collected from questionnaire survey and is performed under SPSS16.0 Program. After examining empirical data from 393 small and medium size private enterprises in Shan Dong Province, it is concluded that there are positive relationships from business's both innovative and operational growth performances to technical and managerial trainings that were undertaken after venture, conscientiousness, self-efficacy, entrepreneur's social capability. In addition, variables like entrepreneur's education level, extraversion of Entrepreneur's personality traits, and entrepreneur's innovative capability have positive relationships with business innovative growth performance; variables like senior manager experiences, venture experiences from family members or relatives, entrepreneur's opportunity detection capability, managing capability and strategic capability are positively related to business operational growth performances.