Tao of downfall: The failures of high-profile entrepreneurs in the Chinese economic reform

Citation data:

International Journal of Entrepreneurship and Small Business, ISSN: 1476-1297, Vol: 11, Issue: 2, Page: 121-134

Publication Year:
2010
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Repository URL:
https://scholarship.rollins.edu/as_facpub/27; https://scholarship.rollins.edu/as_facpub/9
DOI:
10.1504/ijesb.2010.034954; 10.1504/ijbem.2011.037682
Author(s):
Alon, Ilan; Deng, Shengliang; Wang, Xu
Publisher(s):
Inderscience Publishers
Tags:
Business, Management and Accounting; Economics, Econometrics and Finance; China; economic reforms; corruption; business environment; cultural influences; personal characteristics; Tao; economic booms; political influences; financial systems; Gu Chujun; Huang Guangyu; Wong Kwong Yu; Lai Changxing; Mou Qizhong; Tang Wanxin; Yang Bin; Yang Rong; Yu Zuomin; Zhao Xinxian; Zhou Zhengyi; Chau Ching-ngai; small and medium-sized enterprises; SMEs; entrepreneurship; entrepreneurs; business; emerging markets; female entrepreneurs; women entrepreneurship; Chinese institutions; push-pull factors; institutional environment; internal characteristics; entrepreneurial activity; culture; conceptual modelling; Entrepreneurial and Small Business Operations; International Business; International Economics
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article description
Through historical reviews and case studies, this research seeks to understand why some initially successful entrepreneurs failed in the economic boom of past decades. Among various factors contributed to their downfalls are a unique political and business environment, fragile financial systems, traditional cultural influences and personal characteristics. Notwithstanding that these factors should be further tested through empirical studies, those high-profile entrepreneurs are oblivious but essential actors in the grand theatre of China's economic transformation and their failures have contributed to the swift development of the Chinese entrepreneurship over the last 30 years. Copyright © 2010 Inderscience Enterprises Ltd.