DOI: 10.5176/2251-2039_IE16.29
Authors: Mr. Srun Limsong, Dr. Phou Sambath, Dr. Sok Seang and Dr. Soun Hong
Abstract: Drawing from human capital theory and theory of opportunity identification, this research aims to develop and test a theoretical model of entrepreneur success by exploring factors leading to entrepreneurial success and investigating the relationship links on how these success factors influence entrepreneurial success. Using a sample of 222 Cambodian successful entrepreneurs and the structural equations modeling technique for data analysis, we found significant relationships between human capital and opportunity identification with entrepreneur success. We examined theoretically derived factors leading to entrepreneur success and the relationship was higher for external factor (opportunity, resource and business characteristics) than internal factor (demographics, personality, and competence). This paper provides an alternative model that challenges the existing models of entrepreneur success and this alternative model, which is inline with human capital theory and opportunity identification theory, offers sufficient flexibility to entrepreneur success in any particular entrepreneurial context.
Keywords: success factors, human capital theory, opportunity identification theory, entrepreneur success
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