Social Trust and Entrepreneurship: Insights from China's Social Credit System

被引：6

作者：

Fang, Hongxing ^{[1
]}

Chen, Linghong ^{[1
]}

Xiong, Jiacai ^{[2
]}

Zhu, Yushu ^{[3
]}

机构：

[1] Dongbei Univ Finance & Econ, Sch Accounting, Dalian, Peoples R China

[2] Jiangxi Univ Finance & Econ, Sch Accounting, Nanchang, Peoples R China

[3] Univ Queensland, Business Sch, Brisbane, Australia

来源：

FINANCE RESEARCH LETTERS | 2024年 / 62卷

基金：

中国国家自然科学基金;

关键词：

Social credit; Trust; Entrepreneurship; Bank credit; Talent attraction; Regional corruption; CORRUPTION; WAGE;

D O I：

10.1016/j.frl.2024.105118

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the impact of China's Social Credit System (CSCS) pilot policy on entrepreneurship on a panel of 2,256 city-year observations across 282 cities from 2012 to 2019. We find that the social credit system promotes entrepreneurship, with the effect being more pronounced in regions characterized by weaker legal environments, lower levels of marketization, and poorer economic conditions. The underlying mechanisms facilitating this impact encompass improved access to bank credit, increased talent attraction, and diminished regional corruption. Our study enriches the existing literature on the relationship between social credit and entrepreneurship and provides policy insights for promoting regional entrepreneurial endeavors.

引用

页数：10

共 43 条

[1]

Bai J., 2022, China Indust. Econ, V6, P61, DOI [10.19581/j.cnki.ciejournal.2022.06.016, DOI 10.19581/J.CNKI.CIEJOURNAL.2022.06.016]

[2] How much should we trust staggered difference-in-differences estimates? * [J].

Baker, Andrew C. ;

Larcker, David F. ;

Wang, Charles C. Y. .

JOURNAL OF FINANCIAL ECONOMICS, 2022, 144 (02) :370-395

[3] Social trust and sharing economy size: country level evidence from home sharing services [J].

Bergh, Andreas ;

Funcke, Alexander .

APPLIED ECONOMICS LETTERS, 2020, 27 (19) :1592-1595

[4]

Bjornskov C., 2006, European Journal of Political Economy, V22, P22, DOI [https://doi.org/10.1016/j.ejpoleco.2005.05.006, DOI 10.1016/J.EJPOLECO.2005.05.006, 10.1016/j.ejpoleco.2005.05.006]

[5] Loss aversion and risky entrepreneurship [J].

Bonilla, Claudio A. ;

Fica, Diego .

FINANCE RESEARCH LETTERS, 2022, 48

[6] From Divergence to Convergence: Reevaluating the History Behind China's Economic Boom [J].

Brandt, Loren ;

Ma, Debin ;

Rawski, Thomas G. .

JOURNAL OF ECONOMIC LITERATURE, 2014, 52 (01) :45-123

[7] DO ENTRY REGULATIONS DETER ENTREPRENEURSHIP AND JOB CREATION? EVIDENCE FROM RECENT REFORMS IN PORTUGAL [J].

Branstetter, Lee ;

Lima, Francisco ;

Taylor, Lowell J. ;

Venancio, Ana .

ECONOMIC JOURNAL, 2014, 124 (577) :805-832

[8] The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China [J].

Broadstock, David C. ;

Chan, Kalok ;

Cheng, Louis T. W. ;

Wang, Xiaowei .

FINANCE RESEARCH LETTERS, 2021, 38

[9] LICENSE TO SELL: THE EFFECT OF BUSINESS REGISTRATION REFORM ON ENTREPRENEURIAL ACTIVITY IN MEXICO [J].

Bruhn, Miriam .

REVIEW OF ECONOMICS AND STATISTICS, 2011, 93 (01) :382-386

[10] THE EFFECT OF MINIMUM WAGES ON LOW-WAGE JOBS [J].

Cengiz, Doruk ;

Dube, Arindrajit ;

Lindner, Attila ;

Zipperer, Ben .

QUARTERLY JOURNAL OF ECONOMICS, 2019, 134 (03) :1405-1454

← 1 2 3 4 5 →