Thesis of returnee entrepreneurs in a high-tech cluster: Zhongguancun Science Park in China

This thesis focuses on returnee entrepreneurs in a large industrial cluster, Zhongguancun Science Park in Beijing, based on a combined quantitative and qualitative method. Using a hand-collected dataset of returnee entrepreneur-owned 353 SMEs (small and medium enterprises) and local entrepreneur-owned 358 SMEs from Zhongguancun Science Park, the author empirically investigates the role of returnee-firms in technology transfer and knowledge spillovers. The findings suggest returnee entrepreneurs play a significant role in technology transfer and act as a new channel for international knowledge spillovers. It also examines the relationship between the characteristics of returnees and their firms’ performance in comparison with non-returnee firms. The results also show that returnee-firms have gained competitive advantage in high-tech industries and perform better than non-returnee firms. Based on eight case studies, the author also compares and contrasts differences and similarities in term of internationalisation process of these two types of firms. It is found that returnee entrepreneurs are the early adopters of internationalisation due to their international background and international networks. [Continues.