文章基本信息

标题：Business Friendliness: A Double-Edged Sword
本地全文：下载
作者：Mengyin Li ; Phillip H. Phan ; Xian Sun 等
期刊名称：Sustainability
印刷版ISSN：2071-1050
出版年度：2021
卷号：13
期号：4
页码：1819
DOI：10.3390/su13041819
语种：English
出版社：MDPI, Open Access Journal
摘要：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.