A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Business Friendliness: A Double-Edged Sword
In this paper, we test the hypothesis that business-friendly local-government policies combined with weak legal institutions lead to lower economic welfare in the form of greater fraud activity. Using data of almost 3000 failed peer-to-peer (P2P) lending platforms in China, labeled as “runaways”, we find that they are more prevalent in provinces with business-friendly policies with weak law-enforcement regimes.
Business Friendliness: A Double-Edged Sword
In this paper, we test the hypothesis that business-friendly local-government policies combined with weak legal institutions lead to lower economic welfare in the form of greater fraud activity. Using data of almost 3000 failed peer-to-peer (P2P) lending platforms in China, labeled as “runaways”, we find that they are more prevalent in provinces with business-friendly policies with weak law-enforcement regimes.
Business Friendliness: A Double-Edged Sword
Mengyin Li (author) / Phillip H. Phan (author) / Xian Sun (author)
2021
Article (Journal)
Electronic Resource
Unknown
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