Entrepreneurship in Transition: Searching for governance in China’s new private sector

Barbara Krug and Hans Hendrischke ()

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

Abstract: Entrepreneurial activities in transition economies go beyond (technical) entrepreneurship. In an environment of institutional and procedural uncertainty entrepreneurs need to select business partners, choose a mode of governance that stabilizes long term business relations, and settle for such property rights regime that best matches the entrepreneurial endeavour. Bases on fieldwork in China the paper shows how entrepreneurs combine their predisposition for social relations with economic reasoning when they embed firms in one location, in mixed forms of relational and contractual governance, and specific ownership structures. The empirical research points to alternative economic concepts which allow further analysing the interaction between individual entrepreneurship and the emergence of market conforming institutions.

Keywords: embeddedness; entrepreneurship; governance and institutions (search for similar items in EconPapers)
JEL-codes: L2 M M10 O12 (search for similar items in EconPapers)
Date: 2004-01-21
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Citations: View citations in EconPapers (3)

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