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International Entrepreneurship and Management Journal
Erschienen in: International Entrepreneurship and Management Journal 1/2020

22.01.2019

Guanxi and risk-taking propensity in Chinese immigrants’ businesses

verfasst von: María José Rodríguez-Gutiérrez, Isidoro Romero, Zhikun Yu

Erschienen in: International Entrepreneurship and Management Journal | Ausgabe 1/2020

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Abstract

This paper studies the determinants of the risk-taking propensity in immigrant-owned businesses. The paper has a particular focus on first-generation Chinese immigrants and the effect of the so-called “guanxi”, a specific form of social capital for Chinese communities. The empirical research is based on a survey conducted in 2012 on Chinese immigrant entrepreneurs in Andalusia (Spain). An ordinal logistic regression specification was employed to test the hypotheses. The results show that the Chinese immigrant entrepreneurs with better “guanxi” run businesses with a higher risk-taking propensity. Furthermore, those Chinese immigrant entrepreneurs who have other business owners in their families and undertake business planning and control activities are more prompted to take risks in the management of their companies. The risk-taking propensity of immigrant-owned businesses increases over time starting from the immigrant entrepreneurs’ arrival to Spain. In contrast, the education levels of Chinese entrepreneurs’ bear no significant effect on the risk-taking propensity of their businesses.
Vorheriger Artikel Bound for entrepreneurship? A career-theoretical perspective on entrepreneurial intentions
Nächster Artikel Exploring the differences in early-stage start-up valuation across countries: an institutional perspective

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Metadaten
Titel
Guanxi and risk-taking propensity in Chinese immigrants’ businesses
verfasst von
María José Rodríguez-Gutiérrez
Isidoro Romero
Zhikun Yu
Publikationsdatum
22.01.2019
Verlag
Springer US
Erschienen in
International Entrepreneurship and Management Journal / Ausgabe 1/2020
Print ISSN: 1554-7191
Elektronische ISSN: 1555-1938
DOI
https://doi.org/10.1007/s11365-019-00566-9

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