The effects of entrepreneurial long-term commitment on post-IPO performance: Chinese evidence
Dongmin Kong (),
Maobin Wang () and
Xiyu Zhang ()
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Dongmin Kong: Huazhong University of Science and Technology
Maobin Wang: University of International Business and Economics
Xiyu Zhang: Queen’s University Belfast
Frontiers of Business Research in China, 2018, vol. 12, issue 1, 1-18
Abstract:
Abstract Long-term commitment is a motivational factor that drives people towards entrepreneurship. Scholars and practitioners have lacked a robust and validated instrument for measuring long-term commitment and its dimensions in the specific context of entrepreneurship. Based on a unique dataset of emigration statuses of Chinese entrepreneurs, we develop an instrument of entrepreneurial long-term commitment and test its impacts on corporate outcomes and entrepreneurs’ individual behaviors. We observe that entrepreneurial long-term commitment significantly affects corporate policies, long-term shareholder wealth and entrepreneurs’ individual behaviors. Our research also helps to evaluate the values of these entrepreneurs in China.
Keywords: Entrepreneur; Long-term commitment; IPO underperformance; Foreign residency rights; China (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1186/s11782-018-0040-z
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