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Article

Business Friendliness: A Double-Edged Sword

1
Business School, Renmin University of China, Beijing 100872, China
2
Carey Business School, Johns Hopkins University, Baltimore, MD 21202, USA
*
Author to whom correspondence should be addressed.
Academic Editor: Haizhi Wang
Sustainability 2021, 13(4), 1819; https://doi.org/10.3390/su13041819
Received: 14 January 2021 / Revised: 30 January 2021 / Accepted: 3 February 2021 / Published: 8 February 2021
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. View Full-Text
Keywords: business friendliness; law enforcement; informal institutions; P2Ps; sustainable economic growth; emerging markets business friendliness; law enforcement; informal institutions; P2Ps; sustainable economic growth; emerging markets
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MDPI and ACS Style

Li, M.; Phan, P.H.; Sun, X. Business Friendliness: A Double-Edged Sword. Sustainability 2021, 13, 1819. https://doi.org/10.3390/su13041819

AMA Style

Li M, Phan PH, Sun X. Business Friendliness: A Double-Edged Sword. Sustainability. 2021; 13(4):1819. https://doi.org/10.3390/su13041819

Chicago/Turabian Style

Li, Mengyin, Phillip H. Phan, and Xian Sun. 2021. "Business Friendliness: A Double-Edged Sword" Sustainability 13, no. 4: 1819. https://doi.org/10.3390/su13041819

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