<P style="MARGIN: 0in 0in 0pt" class=MsoNormal>This study compares narratives on migration, institutional entrepreneurial activity, and return through a sample of Cambodian American and Cambodian French citizens coming back to their home country. It explores the ways in which these returnees create and employ their social capital in institutional entrepreneurial activities upon return, explaining why some start NGOs while others work for the Cambodian government. This subject is linked to the societal debate on the ways in which the broad spectrum of institutional entrepreneurial activities may impact the development of an emerging nation.