The effects of entrepreneurial long-term commitment on post-IPO performance: Chinese evidence

Dongmin Kong, Maobin Wang, Xiyu Zhang

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PDF(61598 KB)
Front. Bus. Res. China ›› 2018, Vol. 12 ›› Issue (4) : 381-398. DOI: 10.1186/s11782-018-0040-z
RESEARCH

The effects of entrepreneurial long-term commitment on post-IPO performance: Chinese evidence

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Abstract

Long-term commitment is a motivational factor that drives people towards entrepreneurship. Scholars and practitioners have lacked a robust and validated instrument for measuring long-term commitment and its dimensions in the specific context of entrepreneurship. Based on a unique dataset of emigration statuses of Chinese entrepreneurs, we develop an instrument of entrepreneurial long-term commitment and test its impacts on corporate outcomes and entrepreneurs’ individual behaviors. We observe that entrepreneurial long-term commitment significantly affects corporate policies, long-term shareholder wealth and entrepreneurs’ individual behaviors. Our research also helps to evaluate the values of these entrepreneurs in China.

Keywords

Entrepreneur / Long-term commitment / IPO underperformance / Foreign residency rights / China

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Dongmin Kong, Maobin Wang, Xiyu Zhang. The effects of entrepreneurial long-term commitment on post-IPO performance: Chinese evidence. Front. Bus. Res. China, 2018, 12(4): 381‒398 https://doi.org/10.1186/s11782-018-0040-z

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2019 Higher Education Press and Springer
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