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| Entrepreneurship, Business Environment and Corporate Total Factor Productivity——Based on the Analysis of Microdata of Listed Companies in China |
| BO Wenguang1,2,ZHOU Yanyu1,LU Dingkun1 |
1. School of Economics, Nankai University
2. Collaborative Innovation Centre for China Economy
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Abstract Using the micro data of the listed companies in 35 cities in 2016 and matching the corresponding business environment indicators and entrepreneurial talents data, this paper aims to quantitatively analyze the impact of entrepreneurship and business environment on the total factor productivity (TFP). Empirical analysis shows that the “threshold effect” of business environment exists in the impact of entrepreneurship on the firm-level TFP, which means that entrepreneurship will have a positive effect on the TFP only when it is combined with a certain business environment. Moreover, there are obvious regional differences and industrial differences, which indicate that the influence of entrepreneurialism in coastal areas on TFP is stronger than inland entrepreneurship, and the influence of entrepreneurs on the TFP of traditional industries is larger than that of strategic emerging industries.
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Received: 06 July 2018
Published: 15 August 2019
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Corresponding Authors:
BO Wenguang
E-mail: boweng@nankai.edu.cn
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2019, Vol. 39 
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