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...

Full description

Saved in:
Bibliographic Details
Published in:Sustainability 2021-02, Vol.13 (4), p.1819
Main Authors: Li, Mengyin, Phan, Phillip H., Sun, Xian
Format: Article
Language:English
Subjects:
Competition
Consumption
Credit bureaus
Economic development
Economic growth
Economic reform
Emerging markets
Growth models
Hypotheses
Law enforcement
Laws, regulations and rules
Peer to peer computing
Peer to peer lending
R&D
Regulation of financial institutions
Research & development
Startups
Sustainable development
Citations: Items that this one cites
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!