ABSTRACT
Employing concepts of capital is not new to the study of entrepreneurship. Convertibility is an inherent feature of entrepreneurial value. This chapter is divided into three major sections. The first of these undertakes a brief overview of the ways in which capital has been employed in the study of entrepreneurship. The second section focuses on the components that make up the concept of entrepreneurial capital. The third section introduces interview data from a study conducted as part of the Labour Market Dynamics Research Programme. The various features that make up the concept of entrepreneurial capital are explored in some detail, beginning with the five forms of capital utilized in this model. French theorist Bourdieu proposes three forms of capital – economic, social and cultural – and all three are employed in the model. The human capital represents the fourth form utilized here. The fifth form of capital that is employed, physical capital, is taken from the Resource-Based Theory typology.
