The Study On Entrepreneur Social Capital Within Industrial Cluster Impact On Entrepreneurial Opportunities Value

Cluster has a more robust mechanism and superior entrepreneurial environment, and industry clusters'entrepreneurs have successful entrepreneurs'experience for reference. They also have a wealth of market information, convenient business conditions and lower business risks. Industry cluster supplies the appropriate environmental conditions for the study of entrepreneurial phenomena and processes. Entrepreneurial opportunity is a logical starting point of entrepreneurial activities, an essential part of the entrepreneurial process, and one of the most critical business activities of the initial entrepreneur. Entrepreneurial opportunities for business mean identification, evaluation and realizing the value creation in the economic level. As a necessary condition for the occurrence of entrepreneurial activity, the characteristics of entrepreneurial opportunities identified determine the entrepreneurial performance. Entrepreneurs lack in resource endowment, and only have the human capital without verification. In order to overcome the obstacles caused by asymmetric information and uncertainty, the entrepreneur will usually appeal to their social capital. In this context, the research on the influence of industry cluster entrepreneurs'social capital on the value of entrepreneurial opportunities is important.The paper researches theoretically and empirically into the influence of entrepreneurial social capital on the value of entrepreneurial opportunities within industrial clusters with methods including literature review, evolutionary game, questionnaire, statistical analysis, structural equation model and so on. This study, first, according to the observation and theoretical review of entrepreneurial phenomena, identifies the task, and then analyzes the connotation and investment evolution of entrepreneurial social capital within industrial clusters. On the basis of previous research, the concept of the value of entrepreneurial opportunities is proposed. Based on theoretical analysis, the model of the influence of entrepreneurial social capital on the value of entrepreneurial opportunities within industrial cluster is built, verified and analyzed. On this basis, from a realistic perspective of practice, methods to enhance the value of entrepreneurial opportunities are proposed based on entrepreneurial social capital and information capabilities. This paper can be divided into four parts:The first part is the second chapter, ChaptersⅢandⅣ. Based on the review of the previous literature, the contents of the independent variables and the dependent variable are studied. For the independent variables, with two-dimensional perspective, this study proposes of the concept of social capital matrix within the cluster on the basis of previous studies, summarizes the entrepreneurial characteristics of social capital within cluster and analyses the entrepreneurial social capital's composition of the industrial cluster. It uses evolutionary game theory to talk about the evolution trend and influential factors of social capital of cluster horizontal and vertical industrial cluster together entrepreneurs. In the study of dependent variables, this study introduces the concept of entrepreneurial opportunity under a variety of theoretical perspectives, raises the concept of entrepreneurial opportunities in the information view—the essence of entrepreneurial opportunities is information and the nature of the discovery of entrepreneurial opportunities is the collection, identification process. Then, the concept of the value of entrepreneurial opportunities is put forward on the base of the background, the premise and theoretical source. And it analyzes the characteristics and the influential factors of entrepreneurial opportunities'value. Finally, it puts forward an entrepreneurial opportunities posed system based on the theoretical foundation of the Balanced Scorecard, including the three first-level indicators of economic value, market value and use value.The second part is the fifth chapter. Based on the previous section, the study analyzes the effect of the social capital within the cluster on the market value, use value and economic value of entrepreneurial opportunities. The presence of information system, feedback mechanisms and learning mechanisms explains the reason why the entrepreneurs'social capital within cluster has such a significant impact on the value of business opportunities.The third part is chaptersⅥ,ⅦandⅧ. The overall analytical framework of this study is formed based on the comprehensive analysis of related research framework and research paradigm. It analyzes the relationships between entrepreneurs'social capital and ability of information, information capabilities and business opportunities, and then according to the horizontal social capital, vertical social capital and social capital of clusters, proposes three conceptual models, each with12 hypothesis. Then, this study diagnoses entrepreneurs of the ecological duck industry clusters in Peixian and industrial clusters of sheet in Pizhou for the survey to empirically research the relationship between social capital of industrial cluster and the value of entrepreneurial business opportunities. On the basis of reliability analysis of research data, exploratory factor on the variable analysis and confirmatory factor analysis, then the conceptual model with AMOS7.0 empirical analysis of the hypothesis tested, the test results show that the three models hypothesis by examining each of nine, three assumptions have not passed the test.The fourth part is chapter IX. This study, from the reality of entrepreneurs within industry clusters, gives measures to enhance the horizontal social capital, vertical social capital and social capital in industrial clusters of entrepreneurs and entrepreneurs'ability to obtain information and information processing to promote the value of entrepreneurial opportunity.The main innovations are:First, it proposes the concept of the value of entrepreneurial opportunities, and demonstrates the value of entrepreneurial opportunities Metrics.Second, carries out research by entrepreneurs two dimensions of social capital perspective, Third, it establishes the model of the impact of entrepreneurs'social capital on the value of entrepreneurial opportunities with the information capacity as an intermediary and conducts an empirical study.