کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5055484 1371491 2011 5 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
A study on the role of guanxi in entrepreneurship and employment
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
A study on the role of guanxi in entrepreneurship and employment
چکیده انگلیسی

This paper examines the role of guanxi in influencing the decision of an individual to be an entrepreneur facing a risky technology or to become a worker facing an unemployment rate. Individuals are assumed to vary in terms of the strength of their established guanxi that could be utilized either to lower the set-up cost as entrepreneurs or to secure jobs as workers. Compared with the case where guanxi can only be used to reduce the individual's set-up cost to become an entrepreneur, it is shown that if guanxi can also help a worker find a job, then whether the employment rate might be improved or worsened will depend on the absolute risk aversion that is increasing or decreasing in income.

Research Highlights► Individuals making an occupational choice may face the failure in the financial market and the job market. ► In these two markets, a non-price consideration such as guanxi would replace the price mechanism. ► Compared to the case where guanxi could only reduce the set-up cost, if guanxi could also help find a job, then the change in employment rate will depend on the absolute risk aversion. ► When guanxi can help both reduce set-up cost and secure a job, the relationship between occupational choice and the strength of guanxi will be "W" shaped.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 28, Issue 4, July 2011, Pages 2049-2053
نویسندگان
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