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Who Are China's Entrepreneurs?

Author

Listed:
  • Qian, Yingyi
  • Roland, Gérard
  • Djankov, Simeon
  • Zhuravskaya, Ekaterina
Abstract
Social scientists studying the determinants of entrepreneurship have emphasized three distinct perspectives: the role of institutions, the role of social networks and the role of personal characteristics. We conduct a survey from five large developing and transition economies to better understand entrepreneurship in view of these three perspectives. Using data from a pilot study with over 2,000 interviews in 7 cities across China, we find that controlling for institutional environment entrepreneurs in China are much more likely to have family members who are entrepreneurs as well as childhood friends who became entrepreneurs, suggesting that social environment plays an important role in entrepreneurship. Entrepreneurs also differ strongly from non-entrepreneurs in their attitudes toward risks and their work-leisure preferences, echoing Schumpeter. Finally, failed entrepreneurs score the worst on aptitude tests, but have the best self-reported performance in school and perceive the business environment as least favourable.

Suggested Citation

  • Qian, Yingyi & Roland, Gérard & Djankov, Simeon & Zhuravskaya, Ekaterina, 2006. "Who Are China's Entrepreneurs?," CEPR Discussion Papers 5706, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:5706
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    References listed on IDEAS

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    More about this item

    Keywords

    entrepreneurship; China; Entrepreneurs;
    All these keywords.

    JEL classification:

    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General

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