Dancing with Change: An Co-evolutionary Perspective for Private Entrepreneurship during China’s Institutional Transitions

  • Yuli Zhang
  • Bing Ren
  • Guochen Du
  • Jun Yang
Chapter
Part of the Palgrave Macmillan Asian Business Series book series (PAMABS)

Abstract

The role of entrepreneurship has long been acknowledged in creating new business and driving national and regional economic growth (Schumpeter, 1934; Reynolds, 1997). Studies have examined entrepreneurial activities with respect to country variance (Busenitz, Gomez, and Spencer, 2000). Hoskisson, Eden, Lau, and Wright (2000) suggest that the institutional perspective is the most applicable paradigm for explaining the behaviour of enterprise and the economic phenomenon in emerging economies such as China (Hoskisson, Eden, Lau, and Wright, 2000). Under the institutional perspective, both formal and informal institutions will generate significant influence on entrepreneurial behaviours and businesses’ growth (North, 1990; Scott, 2001). With the recent economic liberalization, the adoption of a free-market system, and the encouragement for creation of private enterprises, China has given an increasingly important role to private entrepreneurship in revitalizing the economy and in facilitating the economic transition (Chow and Fung, 1996; Yang and Li, 2008).

Keywords

Entrepreneurial Activity Institutional Environment Private Firm Entrepreneurial Orientation Chinese Communist Party 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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© Yuli Zhang, Bing Ren, Guochen Du, and Jun Yang 2011

Authors and Affiliations

  • Yuli Zhang
  • Bing Ren
  • Guochen Du
  • Jun Yang

There are no affiliations available

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