 Tao of downfall: the failures of high-profile entrepreneurs in the Chinese economic reformWenxian Zhang and Ilan Alon International Journal of Entrepreneurship and Small Business, 2010, vol. 11, issue 2, 121-134 Abstract: Through historical reviews and case studies, this research seeks to understand why some initially successful entrepreneurs failed in the economic boom of past decades. Among various factors contributed to their downfalls are a unique political and business environment, fragile financial systems, traditional cultural influences and personal characteristics. Notwithstanding that these factors should be further tested through empirical studies, those high-profile entrepreneurs are oblivious but essential actors in the grand theatre of China's economic transformation and their failures have contributed to the swift development of the Chinese entrepreneurship over the last 30 years. Keywords: China; economic reforms; corruption; business environment; cultural influences; personal characteristics; Tao; economic booms; political influences; financial systems; Gu Chujun; Huang Guangyu; Wong Kwong Yu; Lai Changxing; Mou Qizhong; Tang Wanxin; Yang Bin; Yang Rong; Yu Zuomin; Zhao Xinxian; Zhou Zhengyi; Chau Ching-ngai; small and medium-sized enterprises; SMEs; entrepreneurship; entrepreneurs. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijesbu:v:11:y:2010:i:2:p:121-134 Access Statistics for this article More articles in International Journal of Entrepreneurship and Small Business from Inderscience Enterprises Ltd |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.