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Drawing from the literature on markets and market development we develop hypotheses on the startup and growth of formal business by business groups relative to independent entrepreneurs after reforms. We then test the hypotheses in a large sample of firms that were started up after reforms in...
Persistent link: https://www.econbiz.de/10011209105
spin out. This is shown to predict the association of co-ethnic networks with high rates of entrepreneurship and the …
Persistent link: https://www.econbiz.de/10010723536
Previous research demonstrates that entrepreneurial processes underpin the growth of business groups. A business group is a set of companies controlled by the same entrepreneur. Case studies of portfolio entrepreneurs suggest that one of the main reasons for business group formation is the need...
Persistent link: https://www.econbiz.de/10005049528
Recent empirical research has demonstrated that the growth process of entrepreneurial firms is frequently achieved through the formation of business groups: i.e. a set of companies run by the same entrepreneur (or entrepreneurial team). This has been hypothesised as result of a growth process by...
Persistent link: https://www.econbiz.de/10005684708
Small and medium enterprises (SMEs) represent the backbone of China's economy, yet they lack access to bank credit … intermediation in China. The evolution of SME finance in other contexts suggests that regulated and well-managed NBFCs provide an …
Persistent link: https://www.econbiz.de/10011274607
The Xi-Li administration faces the dual challenge of managing state capitalism and shadow banking as China enters a … phase of more moderate economic growth. During China's first three decades of reform, private sector development occurred in … enterprises, while private businesses relied primarily on informal finance. However, China's response to global financial crisis …
Persistent link: https://www.econbiz.de/10011274608
of China Shadow Banking System,” Project Sponsored by the National Natural Science Foundation of China, Project Number …
Persistent link: https://www.econbiz.de/10011259410
current targeted support. Capital taxation should be streamlined to improve incentives for entrepreneurship and growth. The …, network industries and retailing to more competition through lowering government dominance in provision and loosening planning …
Persistent link: https://www.econbiz.de/10011276818
This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...
Persistent link: https://www.econbiz.de/10005106885
This paper examines the implementation and operation of a simple method of inventory valuation: the retail price inventory method. Previous research has examined the method's widespread adoption by US department stores during the 1920s. In particular, attention has focused on the disciplinary...
Persistent link: https://www.econbiz.de/10005484371