Effects Brought By Returned Migrant Workers’Entrepreneurial Resources On Entrepreneurial Performance

Returned migrant workers setting up in business are of great social value as a vital approach to increase farmers’income, transfer rural surplus labors and quicken rural urbanization. And the appropriate integration and use of entrepreneurial resources is critical to returned migrant workers’venture success, and that makes studies on returned migrant workers’ entrepreneurial resources a significant subject. Returned migrant workers’ entrepreneurial models share the common ground that most of them set up businesses by utilizing capitals, skills, managerial knowledge and contacts achieved when they work outside of hometown, means of production they own in the countryside along with local government’s support. This study aims at answering the following questions:What’s the current situation of returned migrant workers’entrepreneurial resources? Do returned migrant workers’entrepreneurial resources affect entrepreneurial performance? If they do, how do entrepreneurial resources affect entrepreneurial performance? What is the role that means-oriented rationality plays between resources and performance?We demonstrate the background of this study in the first place, as well as research meaning, research method and the outline of the research. Then, a literature review, regarding to studies on the relationship between returned migrant workers’human resources, social resources and financial resources and its entrepreneurial performance is written in order to establish a firm literature basis for the study. Thirdly, we briefly introduce theories involved in this research; they are Resource-based View, Venture Capital and Means-oriented Rationality. The fourth chapter deals with an analysis on returned migrant workers’ entrepreneurial resources’ current situation. Chapter five propose hypotheses concerned about the relationship between their entrepreneurial resources and entrepreneurial performance along with theoretical analysis. The next part is to conduct an empirical research by using SPSS to analyze the data and test hypotheses.This study achieves several findings. First of all, returned migrant workers’ entrepreneurial resources, especially external resources, are of insufficient amounts, and the integration of different resources is to be further strengthened. Secondly, entrepreneurial resources of different sources have varied effects on entrepreneurial performance, and so do entrepreneurial resources in different types. Among all resources, self-possessed resources affect performance more than external resources do. Self-possessed internal financial resources have biggest effects on entrepreneurial performance, and followed by self-possessed social resources and external social resources. While effects from self-possessed human resources and external social resources are insignificant, and external human resources are extremely limited. Finally, means-oriented rationality positively modulates the relationship between their resources and performance.By combing theoretical analysis and empirical study, this study focuses on returned migrant workers’ entrepreneurial resources’ current situation, effects that their entrepreneurial resources have on entrepreneurial performance and the role means-oriented rationality plays between the two. This study not only test the role means-oriented rationality plays in the integration and use of returned migrant workers’ entrepreneurial resources, and provide empirical data for the completeness and application of means-oriented rationality in the academic field, but also provide guidance for returned migrant entrepreneurs to lean on and foster corresponding resources in order to achieve good performance, as well as lead the way of policies and resources derived from the government.