The effects of entrepreneurial long-term commitment on post-IPO performance: Chinese evidence
Dongmin Kong , Maobin Wang , Xiyu Zhang
Front. Bus. Res. China ›› 2018, Vol. 12 ›› Issue (4) : 381 -398.
The effects of entrepreneurial long-term commitment on post-IPO performance: Chinese evidence
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.
Entrepreneur / Long-term commitment / IPO underperformance / Foreign residency rights / China
Higher Education Press and Springer
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