Ownership, Enforcement, and the Effects of Business Environment

Christine Zhenwei Qiang, He Wang and Lixin Xu

Journal of Government and Economics, 2021, vol. 2, issue C

Abstract: We investigate how the effects of the business environment depend on whether the measure is de jure or de facto, and how the business environment effects differ by ownership. Four aspects of the business environment are found to be relatively robust by multiple data sources: access to finance, electricity, internet, and human capital. The effects of de jure business environment indicators on firm performances depend on measures of contract enforcement. Foreign-owned firms benefit more from the maintenance of physical safety and ease in obtaining construction permits, and gain competitive advantage in productivity when domestic infrastructure or access to finance is worse.

Keywords: Business environment; Enforcement; State capacity; Ownership (search for similar items in EconPapers)
JEL-codes: D9 G3 H1 H2 H7 L5 O1 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2667319321000070
Gold Open Access journal

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jogoec:v:2:y:2021:i:c:s2667319321000070

DOI: 10.1016/j.jge.2021.100007

Access Statistics for this article

Journal of Government and Economics is currently edited by David Li, Eric Maskin and Zhangkai Huang

More articles in Journal of Government and Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().