{"title":"Institutional Fragility and Entrepreneurial Activities","authors":"Mingzhi Hu, Yinxin Su, Wenping Ye, Yuming Yang","doi":"10.1002/app5.70026","DOIUrl":null,"url":null,"abstract":"<p>Extensive research has shown that transition economies often experience internal friction, conflicts, and institutional fragility when different institutional dimensions evolve at an uneven pace. However, limited knowledge exists regarding how institutional fragility specifically affects entrepreneurial activities. This study develops a theoretical framework that integrates institutional theory and public choice theory to examine the impact of institutional fragility on entrepreneurship, considering both institutional costs and government intervention. Our findings reveal an inverted U-shaped relationship between institutional fragility and entrepreneurial activity in China. Furthermore, we find that regional <i>guanxi</i> culture—a key informal institution in China—mitigates this relationship. Overall, this study provides a novel perspective on institutional fragility, offering new insights into how the institutional environment shapes entrepreneurial activity in China.</p>","PeriodicalId":45839,"journal":{"name":"Asia & the Pacific Policy Studies","volume":"12 2","pages":""},"PeriodicalIF":1.4000,"publicationDate":"2025-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/app5.70026","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asia & the Pacific Policy Studies","FirstCategoryId":"90","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/app5.70026","RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"AREA STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
Extensive research has shown that transition economies often experience internal friction, conflicts, and institutional fragility when different institutional dimensions evolve at an uneven pace. However, limited knowledge exists regarding how institutional fragility specifically affects entrepreneurial activities. This study develops a theoretical framework that integrates institutional theory and public choice theory to examine the impact of institutional fragility on entrepreneurship, considering both institutional costs and government intervention. Our findings reveal an inverted U-shaped relationship between institutional fragility and entrepreneurial activity in China. Furthermore, we find that regional guanxi culture—a key informal institution in China—mitigates this relationship. Overall, this study provides a novel perspective on institutional fragility, offering new insights into how the institutional environment shapes entrepreneurial activity in China.
期刊介绍：
Asia & the Pacific Policy Studies is the flagship journal of the Crawford School of Public Policy at The Australian National University. It is a peer-reviewed journal that targets research in policy studies in Australia, Asia and the Pacific, across a discipline focus that includes economics, political science, governance, development and the environment. Specific themes of recent interest include health and education, aid, migration, inequality, poverty reduction, energy, climate and the environment, food policy, public administration, the role of the private sector in public policy, trade, foreign policy, natural resource management and development policy. Papers on a range of topics that speak to various disciplines, the region and policy makers are encouraged. The goal of the journal is to break down barriers across disciplines, and generate policy impact. Submissions will be reviewed on the basis of content, policy relevance and readability.
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