Abstract
From once prohibited to now promoted, entrepreneurship in China has taken off creating impressive success stories and contributing to economic growth and societal development. Considerable and relatively rapid transformations of the institutional environment have enabled the emergence of entrepreneurial activities—yet entrepreneurs still face challenges and barriers rooted in formal and informal institutions. Likewise, the distinctiveness of informal institutions in China determines the modalities of doing business. This chapter describes the development of the institutional environment for entrepreneurs in China, illustrates remaining challenges with formal and informal institutions, and discusses the potential impact of entrepreneurs on institutions and on their development.
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Gruenhagen, J.H. (2020). China’s Institutional Environment for Entrepreneurship. In: Klonowski, D. (eds) Entrepreneurial Finance in Emerging Markets. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-46220-8_4
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DOI: https://doi.org/10.1007/978-3-030-46220-8_4
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