Who Are China's Entrepreneurs?

Yingyi Qian, Gérard Roland, Simeon Djankov and Ekaterina Zhuravskaya

No 5706, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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.

Keywords: entrepreneurship; China; Entrepreneurs (search for similar items in EconPapers)
JEL-codes: L22 M13 P50 (search for similar items in EconPapers)
Date: 2006-06
New Economics Papers: this item is included in nep-cna, nep-cse, nep-ent, nep-sea, nep-soc and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (63)

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Related works:
Journal Article: Who Are China's Entrepreneurs? (2006)
Working Paper: Who Are China’s Entrepreneurs? (2005)
Working Paper: Who Are China’s Entrepreneurs? (2005)
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