英文标题：
《When does privatization spur entrepreneurial performance? The moderating
effect of institutional quality in an emerging market》
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作者：
Christopher Boudreaux
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最新提交年份：
2019
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英文摘要：
We explore how institutional quality moderates the effectiveness of privatization on entrepreneurs sales performance. To do this, we blend agency theory and entrepreneurial cognition theory with insights from institutional economics to develop a model of emerging market venture performance. Using data from the World Banks Enterprise Survey of entrepreneurs in China, our results suggest that private-owned enterprises (POEs) outperform state-owned enterprises (SOEs) but only in environments with high-quality market institutions. In environments with low-quality market institutions, SOEs outperform POEs. These findings suggest that the effectiveness of privatization on entrepreneurial performance is context-specific, which reveals more nuance than previously has been attributed.
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中文摘要：
我们探讨了制度质量如何调节私有化对企业家销售绩效的影响。为此，我们将代理理论和创业认知理论与制度经济学的观点相结合，构建了一个新兴市场风险绩效模型。利用世界银行对中国企业家的企业调查数据，我们的结果表明，私营企业（PoE）的表现优于国有企业（SOE），但仅在拥有高质量市场机构的环境中。在市场机构质量较低的环境中，国有企业的表现优于PoE。这些发现表明，私有化对创业绩效的有效性是特定于背景的，这揭示了比以前所认为的更细微的差别。
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分类信息：

一级分类：Economics 经济学
二级分类：General Economics 一般经济学
分类描述：General methodological, applied, and empirical contributions to economics.
对经济学的一般方法、应用和经验贡献。
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一级分类：Quantitative Finance 数量金融学
二级分类：Economics 经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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