연구정보
Home 연구정보
국내외 연구기관에서 발표된 중국 연구 자료를 수집하여 제공합니다.
연구보고서
Reluctant Entrepreneurs: Evidence from China’s SOE Reform
Hanming Fang, Ming Li, Zenan Wu & Yapei Zhang 2023-09-26
We study the impact of state-owned enterprises (SOEs) on the quality of entrepreneurship in China. Using long series of firm registration and performance data, we document that the massive SOE downsizing in the late 1990s significantly improved the quality of entrepreneur- ship. Compared with entrepreneurs in other time periods, firms founded by the reluctant entrepreneurs induced by the SOE layoffs have better performances. To explain these results, we present a simple model of occupational choices where high-skilled individuals obtain a higher value than low-skilled individuals from the benefits offered by SOE jobs, leading them to select into the SOE sector in the pre SOE reform era. When the SOE sector was downsized, some high-skilled SOE employees were reluctantly unleashed into entrepreneurship. We also provide corroborating evidence for other implications of the model.
이전글 | 하반기 주요국 경기 판단 및 전망 - 디커플링되는 주요국 경기 속 커지는 중국 리스크 | 2023-09-26 |
---|---|---|
다음글 | 중국 지방정부융자플랫폼(LGFVs)의 리스크 평가 | 2023-09-26 |