The Impact of Social Capital on Entrepreneurship——an Analysis from Zhejiang Businessman in China
Entrepreneurship is becoming a research focus in recent years. Entrepreneurship is not only related with new enterprises but also with the whole country competitiveness. Therefore, many governments in the world pay more attention to entrepreneurship. A lot of policies are planned to encourage entrepreneurship. The problem is why entrepreneurship is very different in the area of same government policies. For example in China, entrepreneurship in east China is more than that in west China. There are about 1.5 million SMEs in Zhejiang province in east China, where entrepreneurship is very popular. And Zhejiang businessman becomes a respectful brand in China. Recent research has applied social capital theory to analyze the set of relations that a single actor (individual or firm) has instituted with other people, and to identify the ways with which these relations are exploited to reach personal goals. To better understand entrepreneurship, one must also look at the importance of the local social environment. Resources that are useful for attaining business success can be obtained only by people with the right sociocultural or psychological backgrounds. A new firms growth process is contingent on the nature and structure of his social relationships, which also provides the resources and support required for entrepreneurship. Probably the social network structure has been increasingly employed by researchers studying this topic, because of the recognition that entrepreneurship research acknowledge the environmental context in which the entrepreneur exists. The paper tries to answer the question why entrepreneurship in Zhejiang province is flourished from the view of social capital and will provide a framework that explains the social capital of Zhejiang businessmen. By using this framework, the paper will analyze the social capitals impact on entrepreneurship. The result will give some useful advice for some people who want to set up a new firm.
Social Capital Entrepreneurship
CHEN Tie-jun
School of Business and Administration, Zhejiang University of Technology, P.R.China, 310014
国际会议
2007 International Conference on Dtrategic Management（2007年战略管理国际会议）
成都
英文
60-67
2007-04-19（万方平台首次上网日期，不代表论文的发表时间）