{"title":"房屋拆迁与企业家精神:来自中国的证据","authors":"Zekai He , Xinyu Liu , Xiuzhen Shi , Xiaoyan Sun","doi":"10.1016/j.cities.2024.105201","DOIUrl":null,"url":null,"abstract":"<div><p>This study examines an underexplored question of how housing demolitions influence entrepreneurial behavior among Chinese households. Using a quasi-natural experiment design and comprehensive household-level data, we find that housing demolitions significantly decrease the likelihood of entrepreneurial activity and diminish business value. We show that the affected households experience a 2 % reduction in startup rates and a 25 % decline in firm value compared to unaffected counterparts. These patterns can be rationalized by shifts in risk tolerance, disruptions in labor supply, and weakened social networks post-demolition. The study reveals the differential sensitivity of entrepreneurship to demographic characteristics, geographic location, and business sectors. Our findings underscore the significance of integrating economic and social considerations into urban redevelopment policies to bolster the entrepreneurial ecosystem. This study offers critical insights for policymakers grappling with the multifaceted impacts of urbanization, emphasizing the need for inclusive strategies to support entrepreneurial endeavors amidst urban transformation.</p></div>","PeriodicalId":48405,"journal":{"name":"Cities","volume":null,"pages":null},"PeriodicalIF":6.0000,"publicationDate":"2024-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Housing demolition and entrepreneurship: Evidence from China\",\"authors\":\"Zekai He , Xinyu Liu , Xiuzhen Shi , Xiaoyan Sun\",\"doi\":\"10.1016/j.cities.2024.105201\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>This study examines an underexplored question of how housing demolitions influence entrepreneurial behavior among Chinese households. Using a quasi-natural experiment design and comprehensive household-level data, we find that housing demolitions significantly decrease the likelihood of entrepreneurial activity and diminish business value. We show that the affected households experience a 2 % reduction in startup rates and a 25 % decline in firm value compared to unaffected counterparts. These patterns can be rationalized by shifts in risk tolerance, disruptions in labor supply, and weakened social networks post-demolition. The study reveals the differential sensitivity of entrepreneurship to demographic characteristics, geographic location, and business sectors. Our findings underscore the significance of integrating economic and social considerations into urban redevelopment policies to bolster the entrepreneurial ecosystem. This study offers critical insights for policymakers grappling with the multifaceted impacts of urbanization, emphasizing the need for inclusive strategies to support entrepreneurial endeavors amidst urban transformation.</p></div>\",\"PeriodicalId\":48405,\"journal\":{\"name\":\"Cities\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":6.0000,\"publicationDate\":\"2024-07-02\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Cities\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0264275124004153\",\"RegionNum\":1,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"URBAN STUDIES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Cities","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0264275124004153","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"URBAN STUDIES","Score":null,"Total":0}
Housing demolition and entrepreneurship: Evidence from China
This study examines an underexplored question of how housing demolitions influence entrepreneurial behavior among Chinese households. Using a quasi-natural experiment design and comprehensive household-level data, we find that housing demolitions significantly decrease the likelihood of entrepreneurial activity and diminish business value. We show that the affected households experience a 2 % reduction in startup rates and a 25 % decline in firm value compared to unaffected counterparts. These patterns can be rationalized by shifts in risk tolerance, disruptions in labor supply, and weakened social networks post-demolition. The study reveals the differential sensitivity of entrepreneurship to demographic characteristics, geographic location, and business sectors. Our findings underscore the significance of integrating economic and social considerations into urban redevelopment policies to bolster the entrepreneurial ecosystem. This study offers critical insights for policymakers grappling with the multifaceted impacts of urbanization, emphasizing the need for inclusive strategies to support entrepreneurial endeavors amidst urban transformation.
期刊介绍:
Cities offers a comprehensive range of articles on all aspects of urban policy. It provides an international and interdisciplinary platform for the exchange of ideas and information between urban planners and policy makers from national and local government, non-government organizations, academia and consultancy. The primary aims of the journal are to analyse and assess past and present urban development and management as a reflection of effective, ineffective and non-existent planning policies; and the promotion of the implementation of appropriate urban policies in both the developed and the developing world.