Institutional environment quality and the longevity of billionaire entrepreneurs

Bin Ke, Zengquan Li, Qing Ye

Using self-made billionaire entrepreneurs in China as a proxy for large entrepreneurs, we examine the impact of institutional environment quality on the longevity of such entrepreneurs. While property rights institutions and contracting institutions are important in explaining macroeconomic growth and small firm growth, we find no evidence that they matter to the longevity of billionaire entrepreneurs. However, we find access to finance to be important to the longevity of billionaire entrepreneurs. Our results help better understand the relative importance of various institutional environment forces to the continuous success of billionaire entrepreneurs.

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Year of publication:	2023
Authors:	Ke, Bin ; Li, Zengquan ; Ye, Qing
Published in:	China journal of accounting research : CJAR. - Guang dong sheng guang zhou shi : [Verlag nicht ermittelbar], ISSN 2214-1421, ZDB-ID 2548343-2. - Vol. 16.2023, 1, Art.-No. 100288, p. 1-28
Subject:	Access to finance \| Billionaire entrepreneurs \| Contracting institutions \| Longevity \| Property rights institutions \| Sterblichkeit \| Mortality \| Institutionelle Infrastruktur \| Institutional infrastructure \| Institutionenökonomik \| Institutional economics \| Unternehmer \| Entrepreneurs \| Entrepreneurship \| Entrepreneurship approach \| Unternehmensgründung \| Business start-up \| Sachenrecht \| Law of property

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.1016/j.cjar.2022.100288 [DOI]
Classification:	K11 - Property Law ; K12 - Contract Law ; G20 - Financial Institutions and Services. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014281502