Replicating Davidsson and Honig (2003): Updates on Human Capital, Social Capital, and Replications in Entrepreneurship

Abstract

We conducted a three-step replication of Davidsson and Honig’s study on the roles of human and social capital in venture creation processes. First, we attempted an exact replication to rule out mistakes and questionable manipulations influencing the original results. Second, we included the initial stage of development as an additional control variable, reflecting on updates suggested in later research. Third, we extended the original analyses using a sample from a different spatiotemporal context, enhancing theoretical generalizability. We largely validate D&H’s findings, highlight the importance of modeling initial entrepreneurial processes, and emphasize the underappreciated complexities and value of replication studies.