Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/210647 
Year of Publication: 
2019
Series/Report no.: 
Working Paper No. 03/19
Publisher: 
Institut für Mittelstandsforschung (IfM) Bonn, Bonn
Abstract: 
This paper questions the stereotypical image of migrant-led companies as being less successful than native-led businesses. While facing similar framework conditions, migrant-led businesses are supposed to differ from native-led businesses in terms of their social capital endowment. In its function, social capital helps to mobilise further resources in form of human and financial resources. Each form of capital can have an effect on business performance, both directly as well as indirectly through its influence on the business' innovativeness. That is, social, human and financial resources can enhance the development and exploitation of business ideas. To test these relationships we apply a mediation model. Using data of migrant- and non-migrant-led businesses, we indeed find slight differences in their social capital resource endowments. These differences, however, do not result in performance differences between migrant- and native-led businesses.
Subjects: 
migrant entrepreneurship
social capital
performance
mediation model
JEL: 
J15
L25
L26
Document Type: 
Working Paper

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