Migrant human and political capitals value in entrepreneur enterprise performance. A comparative study of four emerging markets

Anthony Brown (), Royston Meriton, Timothy Devinney, Mario Kafouros, Flor Silvestre Gerardo and Rajinder Bhandal
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Anthony Brown: Loughborough University London
Royston Meriton: Loughborough University London
Timothy Devinney: Manchester Alliance Business School
Mario Kafouros: Manchester Alliance Business School
Flor Silvestre Gerardo: University of Lincoln
Rajinder Bhandal: Leeds University Business School

International Entrepreneurship and Management Journal, 2021, vol. 17, issue 2, No 8, 665-692

Abstract: 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.

Keywords: Migrants; Migrant returnee entrepreneurs; Home-grown entrepreneur; Human capital; Political capital; Entrepreneurship; Enterprise performance; Emerging markets (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (8)

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DOI: 10.1007/s11365-020-00710-w

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