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Perceiving business opportunities is an important
part of entrepreneurship. This study analyzes
how immigrants’ general and specific human
capital influences their likelihood of perceiving
business opportunities. Analysis focuses on
comparison between a group of immigrants and
a group of Spanish citizens. Data from the 2008
Global Entrepreneurship Monitor (GEM) was
used. Logistic regression was used to analyze
data. Results revealed that both immigrants’ and
Spanish citizens’ human capital such as education
is not significant to perceiving opportunities.
Much to the contrary: the impact of specific
human capital on perceiving opportunities is in
general significant to both groups. This research
reveals which specific types of human capital are
relevant in the process of perceiving opportunities
amongst immigrants. This paper is a novelty
because it introduces a theoretical approach to the
perception of opportunities within the universe of
new businesses established by immigrants in Spain.
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