Institutional Environments and the Determinants of Entrepreneurial Activities in China
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This thesis mainly investigates the influence of institutional environments on entrepreneurial activities in China. In the first chapter, we verify the causality relationship between the institutional environment and the entrepreneur's choice between productive entrepreneurial activities and those unproductive. The release of the Forbes' List of millionaires in mainland China is treated as an event affecting the stock market. By examining the origin of its influence on relevant stocks, our results show that a significantly positive relationship exists between the institutional environment and productive entrepreneurial activities. In Chapters 2 and 3, we apply the China Health and Nutrition Survey (CHNS) data to exploit the relationship between the institutional environment and entrepreneurial activities in the micro-level. We demonstrate that the return to education in the self-employment sector is significant in the area where the demand for skill is relatively high. The net profit of self-employment activities has significantly positive relationship with the average education level of the whole family in the rural, while education has no influence on the profitability of the urban self-employment sector. The findings contribute to existing literatures that estimate the return to education in production. In the last chapter, we illustrate that the institutional environment not only directly influences the entrepreneurial decision of an individual, but also affects his career choice. Under the rural-urban duality in China, distinct influence on entrepreneurial decision has been identified for some personal characteristics and measurements of business environment in the community. Besides, determinants that have consistent effects in different institutional environments shed light on the development of entrepreneurial activities in China.
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THES
Luo, Bei
Chong, Tai Leung Yang Dennis Tao
2012
3538915
196
The Chinese University of Hong Kong (Hong Kong)
Ann Arbor
9781303022371
1920