The impact of sub-national institutions on SMEs' diversification into new businesses: evidence from China

被引：5

作者：

Chen, Dong ^{[1
]}

Li, Donghong ^{[2
]}

Paik, Yongsun ^{[1
]}

机构：

[1] Loyola Marymount Univ, Dept Management, Los Angeles, CA 90045 USA

[2] Tsinghua Univ, Sch Econ & Management, Dept Innovat Entrepreneurship & Strategy, Beijing, Peoples R China

来源：

ENTREPRENEURSHIP AND REGIONAL DEVELOPMENT | 2020年 / 32卷 / 5-6期

基金：

中国国家自然科学基金;

关键词：

Diversification; sub-national institutions; small and medium-sized enterprises (SMEs); institutional development; China; CORPORATE DIVERSIFICATION; PRODUCT DIVERSIFICATION; EMERGING MARKETS; 4; DECADES; PERFORMANCE; STRATEGY; NETWORK; FIRMS; VIEW; INTERNATIONALIZATION;

D O I：

10.1080/08985626.2019.1640444

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study explores how sub-national institutions affect the diversification of small and medium-sized enterprises (SMEs) into new businesses. Using a sample of 3240 SMEs in China, we found that the dominance of state-owned enterprises (SOEs) and the development of market systems in a province were related to local SMEs' diversification. Specifically, in provinces dominated by SOEs, SMEs were less likely to diversify into new businesses. The development of market systems tended to reduce the odds of diversification for SMEs that primarily served local markets, and lower the likelihood of unrelated diversification. As a rare attempt to examine the impact of sub-national institutions on SMEs' diversification, this study contributes to the research on diversification, institutions, and SME management.

引用

页码：389 / 407

页数：19

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