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How industry concentration changes affect productive and non-productive entrepreneurship

Author

Listed:
  • Yang, Jinjuan
  • Lu, Yongyu
  • Zong, Wen

Abstract

This research utilizes a dataset of Chinese listed manufacturing firms spanning the years 2012 to 2022 to investigate the interplay between industry concentration and the distribution of entrepreneurial activities. The findings reveal that a rise in industry concentration notably hampers productive entrepreneurial endeavors while concurrently stimulating non-productive ones. Furthermore, business anticipations are found to aggravate the suppressive impact of heightened industry concentration on productive entrepreneurship, and conversely, they amplify its stimulatory effect on non-productive entrepreneurship.

Suggested Citation

  • Yang, Jinjuan & Lu, Yongyu & Zong, Wen, 2025. "How industry concentration changes affect productive and non-productive entrepreneurship," Finance Research Letters, Elsevier, vol. 72(C).
    • Handle: RePEc:eee:finlet:v:72:y:2025:i:c:s154461232401523x
    DOI: 10.1016/j.frl.2024.106494
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