Institutional Environment Quality and the Longevity of Large Schumpeterian Entrepreneurs

51 Pages Posted: 11 Jan 2018 Last revised: 2 Feb 2020

See all articles by Bin Ke

Bin Ke

National University of Singapore

Zengquan Li

Shanghai University of Finance and Economics - School of Accountancy

Qing Ye

Sun Yat-Sen University (SYSU)

Date Written: February 2, 2020

Abstract

Using self-made billionaire entrepreneurs in China as a proxy for large Schumpeterian entrepreneurs, we examine the impact of institutional environment quality on the longevity of such entrepreneurs. We find no evidence that property rights institutions and contracting institutions, which are found to be important in explaining macroeconomic growth and small firm growth, matter to the longevity of large Schumpeterian entrepreneurs. However, we find that access to finance matters to the longevity of large Schumpeterian entrepreneurs. Our results help better understand the relative importance of various institutional environment forces to the continuous success of large Schumpeterian entrepreneurs.

Keywords: China; billionaires; large Schumpeterian entrepreneurs; longevity; property rights institutions; contracting institutions; access to finance; political connection

JEL Classification: M13, P26, O16

Suggested Citation

Ke, Bin and Li, Zengquan and Ye, Qing, Institutional Environment Quality and the Longevity of Large Schumpeterian Entrepreneurs (February 2, 2020). Available at SSRN: https://ssrn.com/abstract=3097989 or http://dx.doi.org/10.2139/ssrn.3097989

Bin Ke (Contact Author)

National University of Singapore ( email )

Mochtar Riady Building, BIZ 1, #07-54
15 Kent Ridge Drive
Singapore, 119245
Singapore
+6566013133 (Phone)

Zengquan Li

Shanghai University of Finance and Economics - School of Accountancy ( email )

No. 777 Guoding Road, Shanghai
Shanghai, 200433
China

Qing Ye

Sun Yat-Sen University (SYSU) ( email )

Guangzhou, Guangdong 510225
China

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
81
Abstract Views
543
rank
314,262
PlumX Metrics