Fang, Hanming; Li, Ming; Wu, Zenan; Zhang, Yapei - National Bureau of Economic Research - 2023
We study the impact of state-owned enterprises (SOEs) on the quality of entrepreneurship in China. Using long series of … improved the quality of entrepreneur- ship. Compared with entrepreneurs in other time periods, firms founded by the reluctant … entrepreneurs induced by the SOE layoffs have better performances. To explain these results, we present a simple model of …