Abstract
This paper investigates the impact of human and political capitals of entrepreneurs on enterprise performance in four emerging nations.The rent generation potential of these capitals is a well established fact, however, much less is known concerning the contingent nature of their value creation prowess. In this work, we draw on institutional theory and dynamic managerial capabilities perspective to examine the interactive effect of country of origin economic developement level and the international experience of entrepreurs, on the capitals, with respect to a set of financial indicators. Employing a quantitative methodology, our findings reveal that the relationship between the capitals and enterprise performance are indeeed contingent with the capitals of home-grown entrepreneurs, rather than those of returnee migrant entrepreneurs, exhibiting a greater propensity to influence enterprise performance. We conclude with implications for theory and practice.
Highlights
This study examines the importance of a country’s economic development for returning migrants founded enterprises and the value that their political and human capital have in this process
This paper aims to answer the call of this special issue by exploring the value of the flow of human and political capitals, both from and in emerging economies, by comparing those entrepreneurs that have left and returned, and those who never did, and the role this has in their enterprises performance
The selection of the four country(s) used in this research was made using a dedicated algorithm that included country rankings from the following data bases: the Gross Domestic Product (GDP), GDP per capita, using the Global Entrepreneurship Monitor (GEM)‘s Global Entrepreneurial and Development Index (GEDI), The Global Ease of Doing Business Index (GEDBI), The Global Corruption Index (GCI), and international migration data (World Bank, OECD)
Summary
This study examines the importance of a country’s economic development for returning migrants founded enterprises and the value that their political and human capital have in this process. Some of this work has focused on the value that extended networks bring to a particular country’s enterprise growth (Light et al 2017), while others have focused on the importance of migrants and the networks they develop in their host country, as well as, those they maintain in their home country both for flow of knowledge and formation of enterprises (Saxenian 2002, 2005) Most of these studies have looked at migrants and some of their capabilities such as their networks or human capital value while starting firms in their home countries, but none so far have attempted to understand if and how, the value of these capabilities will vary by location. By analysing migrant’s human and political capital within several emerging nations this paper attempts to better understand how the value of these capitals are is impacted by the location they are in and the value they may have on enterprise performance
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