The Performance of Chinese Private Firms in Coping with a Global Financial Crisis: Who Is Best Positioned?
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AbstractUsing organizational flexibility as a research lens, we investigate how private firms, especially SMEs, in China cope with the 2008 financial crisis. Testing data from a large sample of private firms (N=3,459) by difference-in-differences analysis, we find that firms with industrial diversification, geographic expansion and political connections perform better during the crisis than those without. These results are less affected by self-selection problems (as the abrupt crisis provides a natural experiment) and hold up against endogeneity and several other challenges in robustness tests. The findings offer important implications for researchers, business owners, policy makers and future research.
Acceptance Date12/07/2016
All Author(s) ListNa Shen, Kevin Au, Thomas Birtch
Journal nameFrontiers of Business Research in China
Volume Number10
Issue Number4
Pages548 - 575
LanguagesEnglish-United States
Keywordscrisis, flexibility, industrial diversification, geographic expansion, political connections, Chinese private firms

Last updated on 2021-27-10 at 00:52