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Immigrant Entrepreneurs, the Ethnic Enclave Strategy,and Venture Performance

机译:移民企业家,民族飞地战略和创业绩效

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摘要

This study argues that first- and second-generation immigrant entrepreneurs' endowments of economic, human, and social capital, together with their degrees of social identification with their ethnic community, affect their elemental strategic choice to pursue a venture strategy focused either on their ethnic enclave or the dominant market. The authors then propose that this choice affects venture performance indirectly, depending on how well the entrepreneur s capital endowment allows the chosen strategy to be executed. The authors test these ideas via a field study of 103 first- and second-generation immigrant-owned ventures in a U.S. Midwest state. The findings indicate that immigrant entrepreneurs' capital endowments and social identities influence their choice of an enclave versus dominant market venture strategy. Moreover, it is the particular alignment of entrepreneurial capital and strategy that ultimately shapes venture performance.
机译:这项研究认为,第一代和第二代移民企业家的经济,人力和社会资本end赋,以及他们与族裔社区的社会认同程度,都会影响他们追求以民族为中心的创业战略的基本战略选择。飞地或主导市场。然后作者提出,这种选择会间接影响企业的绩效,这取决于企业家的资本end赋能够使所选择的策略得以执行。作者通过对美国中西部州的103家第一代和第二代移民拥有的企业进行的实地研究来检验这些想法。研究结果表明,移民企业家的资本end赋和社会身份会影响他们选择飞地还是主导市场风险投资策略。而且,最终决定风险绩效的是企业资本和战略的特殊结合。

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