A Study on the Influence of Social Capacity and Rescource Integration on Performance of the New Venture Business
|School||Nanjing University of Finance and Economics|
|Keywords||Corporate social capital Resource integration Performance of the new venture business|
It has been more than 30 years since reform and development, China’s economy has achieved a breakthrough, to which Private Economy has made a great contribution. Now the nation advocates entrepreneurship to achieve better, faster development in economy. However, venture business is lack of important national policy to support its’development and management experience in itself, which maybe the reason for the low rate of the success for the entrepreneurship. Under this context, this paper wants to give some theory support for the new venture business’development.The new venture should make use of all kinds of social capital to get the resource for the development, which can make up the restriction of internal resource and the shortage of the manage experience, in order to improve the performance of itself. This paper considers the existing research results of domestic and foreign entrepreneur field, and then thinks social capital is the very important approach to get many kinds of resources for the new venture business, at the same time, this way can have good effect only under the function of the resource integration. Therefore, this paper constructs the theory mode of the Social capital—Resource integration—Performance of the new venture business.At first, under the research of extensive literature, this paper makes literature review for the social capital, resource integration and new venture business’s performance. Secondly, the paper divide dimensions for this three elements and construct the mode of the social capital—resource integration—new venture business’s performance. Thirdly, based on the theoretical analysis, this paper knows the clear logical relationship between elements, and then puts forward 19 hypothesis, makes use of the SPSS16.0 to do the empirical analysis of the data of the received 103 valid questionnaires. The result of the empirical analysis is that 9 hypothesis is right, 9 hypothesis has not been verified, the last one gets partial support. In the other word, social capital really has great influence on the resource integration and the performance of the new venture business, but not every element make great role in it, at the same time, the intermediary role of the resource integration has just been verified partially. At last, this paper discusses the results of the analysis, clarifies its significance of theory and practice, and proposes the future space of expansion.