Rights statement: This is an Accepted Manuscript of an article published by Taylor & Francis in Business History on 21/01/2016, available online: http://www.tandfonline.com/doi/abs/10.1080/00076791.2015.1122702
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Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - The emergence of the private entrepreneur in reform era China
T2 - re-birth of an earlier tradition, or a more recent product of development and change?
AU - Atherton, Andrew
AU - Newman, Alex
N1 - This is an Accepted Manuscript of an article published by Taylor & Francis in Business History on 21/01/2016, available online: http://www.tandfonline.com/doi/abs/10.1080/00076791.2015.1122702
PY - 2016
Y1 - 2016
N2 - A private sector that now dominates economic activity has emerged in China since 1978, even though many of the essential institutions for market competition have been lacking or are under-developed. We find that there is no evidence that this upsurge of entrepreneurship is a re-birth of an earlier tradition. Instead, the dynamics of entrepreneurial emergence can be attributed to reforms and institutional changes that have occurred since 1949, both before and after the introduction of economic reforms in late 1978. We find that these institutional changes have been evolutionary, adapting to, as well as shaping, emerging forms of economic activity, including entrepreneurship. Our conclusion is that these dynamics of adaptation and evolution produce ‘rule ambiguities’ within the institutional framework that create opportunities for entrepreneurs as well as making these opportunities vulnerable to further institutional change.
AB - A private sector that now dominates economic activity has emerged in China since 1978, even though many of the essential institutions for market competition have been lacking or are under-developed. We find that there is no evidence that this upsurge of entrepreneurship is a re-birth of an earlier tradition. Instead, the dynamics of entrepreneurial emergence can be attributed to reforms and institutional changes that have occurred since 1949, both before and after the introduction of economic reforms in late 1978. We find that these institutional changes have been evolutionary, adapting to, as well as shaping, emerging forms of economic activity, including entrepreneurship. Our conclusion is that these dynamics of adaptation and evolution produce ‘rule ambiguities’ within the institutional framework that create opportunities for entrepreneurs as well as making these opportunities vulnerable to further institutional change.
KW - China
KW - entrepreneurship
KW - institutional adaptation
KW - private sector
KW - rule ambiguities
U2 - 10.1080/00076791.2015.1122702
DO - 10.1080/00076791.2015.1122702
M3 - Journal article
VL - 58
SP - 319
EP - 344
JO - Business History
JF - Business History
SN - 0007-6791
IS - 3
ER -