How industry concentration changes affect productive and non-productive entrepreneurship

Jinjuan Yang, Yongyu Lu and Wen Zong

Finance Research Letters, 2025, vol. 72, issue C

Abstract: This research utilizes a dataset of Chinese listed manufacturing firms spanning the years 2012 to 2022 to investigate the interplay between industry concentration and the distribution of entrepreneurial activities. The findings reveal that a rise in industry concentration notably hampers productive entrepreneurial endeavors while concurrently stimulating non-productive ones. Furthermore, business anticipations are found to aggravate the suppressive impact of heightened industry concentration on productive entrepreneurship, and conversely, they amplify its stimulatory effect on non-productive entrepreneurship.

Keywords: Industry concentration; Business expectations; Entrepreneurship (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:72:y:2025:i:c:s154461232401523x

DOI: 10.1016/j.frl.2024.106494

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