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Can Social Capital and Psychological Capital Improve the Entrepreneurial Performance of the New Generation of Migrant Workers in China?

1
College of Economics and Management, Northwest A & F University, No. 3 Taicheng Road, XianYang 712100, China
2
School of Business and Entrepreneurship, Royal Agricultural University, Cirencester, GL7 6JS, UK
*
Author to whom correspondence should be addressed.
Sustainability 2018, 10(11), 3964; https://doi.org/10.3390/su10113964
Received: 26 September 2018 / Revised: 24 October 2018 / Accepted: 25 October 2018 / Published: 31 October 2018
(This article belongs to the Special Issue Sustainability in SMEs)
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Abstract

The new generation of migrant workers may play a crucial role in boosting China’s rural economy. With the rise of knowledge economy and the advent of the information age, it is difficult for human capital and economic capital alone to gain advantages in entrepreneurship. Thus, the study of social capital and psychological capital becomes more prominent. Within this context, this paper explores the relationships among entrepreneurs’ psychological capital, social capital, and entrepreneurial outcomes for the new generation of migrant workers in the Shaanxi province. This study uses a quantitative research approach. Primary data were collected from 525 rural households in the Shaanxi province. A structural equation model is used to verify the association between social capital, psychological capital, and entrepreneurial performance. The psychological capital of the new generation of migrant workers is found to exert a more significant impact on their entrepreneurial opportunity recognition and entrepreneurial environment perception than social capital. Both entrepreneurial opportunity recognition and entrepreneurial environment perception of the new generation of migrant workers are conducive to the improvement of entrepreneurial performance. Nevertheless, the intermediary role of entrepreneurial opportunity recognition is more prominent than entrepreneurial environment perception. View Full-Text
Keywords: social capital; psychological capital; entrepreneurial outcomes; new generation of migrant workers; China social capital; psychological capital; entrepreneurial outcomes; new generation of migrant workers; China
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Ma, H.; Topolansky Barbe, F.; Zhang, Y.C. Can Social Capital and Psychological Capital Improve the Entrepreneurial Performance of the New Generation of Migrant Workers in China? Sustainability 2018, 10, 3964.

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