Becoming Global Billionaires from Mainland China: Theory and Evidence
讲座名称：
Becoming Global Billionaires from Mainland China: Theory and Evidence
讲座时间：
2019-04-15
讲座人：
肖可舟
形式：
校区：
兴庆校区
实践学分：
讲座内容：
讲座题目：Becoming Global Billionaires from Mainland China: Theory and Evidence
讲座时间：2019年4月15日（星期一）下午 15:00 - 16:30
讲座地点：西交大财经校区教学楼8楼国际交流厅
讲座人：肖可舟 博士
讲座摘要：
The increase in the number of global billionaires from mainland China is a puzzle viewed from the standpoint of “extractive institutions”. Guided by a proposed conceptual framework relating socio-political backgrounds of the billionaire entrepreneurs to observable financing decisions, I show, under conditions of an open economy, politically unconnected billionaire entrepreneurs (e.g., Jack Ma) could attenuate, to some degree, political economy as well as financial frictions via capital injections from foreign venture capitalists. Building a unique database, I find, using a human equation, that (i) the politically unconnected billionaire entrepreneurs financed by foreign venture capitalists are more likely to float their companies outside mainland China (mainly in Hong Kong and the U.S), use offshore financing vehicles, and enter into innovative sectors; and (ii) the politically connected global billionaire entrepreneurs, however, are strongly associated with a record of state-owned enterprise (SOE) restructuring.
邀请单位：经金学院
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