Business Friendliness: A Double-Edged Sword

被引：1
作者：
Li, Mengyin [1 ]
Phan, Phillip H. [2 ]
Sun, Xian [2 ]
机构：
[1] Renmin Univ China, Sch Business, Beijing 100872, Peoples R China
[2] Johns Hopkins Univ, Carey Business Sch, Baltimore, MD 21202 USA
来源：
SUSTAINABILITY | 2021年 / 13卷 / 04期
关键词：
business friendliness; law enforcement; informal institutions; P2Ps; sustainable economic growth; emerging markets; FOREIGN DIRECT-INVESTMENT; RISK-ASSESSMENT; CREDIT RISK; FIRM SIZE; PEER; INFORMATION; DETERMINANTS; ENVIRONMENT; CLIMATE; FINANCE;
D O I：
10.3390/su13041819
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
In this paper, we test the hypothesis that business-friendly local-government policies combined with weak legal institutions lead to lower economic welfare in the form of greater fraud activity. Using data of almost 3000 failed peer-to-peer (P2P) lending platforms in China, labeled as "runaways", we find that they are more prevalent in provinces with business-friendly policies with weak law-enforcement regimes.
引用
收藏
页码：1 / 22
页数：22
相关论文
共 79 条
[51]   Risk assessment in social lending via random forests [J].
Malekipirbazari, Milad ;
Aksakalli, Vural .
EXPERT SYSTEMS WITH APPLICATIONS, 2015, 42 (10) :4621-4631
[52]   INSTITUTIONALIZED ORGANIZATIONS - FORMAL-STRUCTURE AS MYTH AND CEREMONY [J].
MEYER, JW ;
ROWAN, B .
AMERICAN JOURNAL OF SOCIOLOGY, 1977, 83 (02) :340-363
[53]   INSTITUTIONS, RESOURCES, AND ENTRY STRATEGIES IN EMERGING ECONOMIES [J].
Meyer, Klaus E. ;
Estrin, Saul ;
Bhaumik, Sumon Kumar ;
Peng, Mike W. .
STRATEGIC MANAGEMENT JOURNAL, 2009, 30 (01) :61-80
[54]   Can funding platforms' self-initiated financial innovation improve credit availability? Evidence from China's P2P market [J].
Mi, Jinhong Jackson ;
Zhu, Hongfei .
APPLIED ECONOMICS LETTERS, 2017, 24 (06) :396-398
[55]  
Mongay J., 2012, International Business, V19, P13
[56]   FEDERALISM, CHINESE STYLE - THE POLITICAL BASIS FOR ECONOMIC SUCCESS IN CHINA [J].
MONTINOLA, G ;
QIAN, YY ;
WEINGAST, BR .
WORLD POLITICS, 1995, 48 (01) :50-&
[57]   INSTITUTIONS [J].
NORTH, DC .
JOURNAL OF ECONOMIC PERSPECTIVES, 1991, 5 (01) :97-112
[58]  
OECD, 2015, CHIN CHANG GLOB ENV
[59]  
Pages-Serra C, 2007, INVESTMENT CLIMATE E, DOI [10.2139/ssrn.1820915, DOI 10.2139/SSRN.1820915]
[60]   An institution-based view of international business strategy: a focus on emerging economies [J].
Peng, Mike W. ;
Wang, Denis Y. L. ;
Jiang, Yi .
JOURNAL OF INTERNATIONAL BUSINESS STUDIES, 2008, 39 (05) :920-936
12345678