Based on human capital theory, this study aims to explain start-up resources formation and business model innovation. The study examined the effect of entrepreneur's human capital (including managerial skills and entrepreneurial skills) on business model innovation via access to start-up resources as a mediator. The Partial Least Squares Structural Equation Modeling (PLS-SEM) was conducted with the size sample of 220 founders/ co-founders of start-up firms in Vietnam. The research results supported the positive links from managerial skills and entrepreneurial skills to business model innovation through the mediating mechanism of access to start-up resources. The study explored the meditation role of access to start-up resources between entrepreneur's human capital and business model innovation. In addition, the results provide practical value to entrepreneurs in improving managerial skills and entrepreneurial skills in order to facilitate the access to outside support resources and promote business model innovation. Finally, the study suggests some managerial implications for entrepreneurs, research limitations and further research directions.
The purpose of this study is to examine and explain the effect of leverage on the value of real estate companies listed on the Stock Exchange in Indonesia, with investment and dividend as mediators. This study is explanatory research. Explanatory is research conducted with the intention to explain an influence of variables through testing hypotheses. The population in this study is all real estate companies listed on the Indonesia Stock Exchange. The total population was as many as 44 companies. The results of this study indicate that high dividend payments will cause decrease in value of company. First, market considers that at present condition of company has opportunity to grow, so the company should focus on funding investment activities. With the intense competition in real estate sector, companies to survive in industry must have product innovations. Empirically, previous research examining the interaction between leverage, investment, dividends, and company value has produced inconsistencies in research results (gaps).
