Entrepreneurial Strategies in Extractive Environments

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    Entrepreneurs operating outside of developed markets often face heightened risks of expropriation. However, the strategies by which they can reduce said risk remained under-examined and undertheorized. This abductive study attempts to address this void through the analysis of a novel historical dataset--2734 cases of individuals who were prosecuted as "speculators and profiteers" in Maoist China. With this data, we show that, even in the most extreme of contexts, entrepreneurs can effectively reduce the severity of expropriation by either embedding themselves in political institutions or availing themselves of incongruencies in enforcement priorities across different levels of government. These findings have broader implications for understanding the relationship between entrepreneurs and the state, as well as strategic decision-making in emerging market and authoritarian contexts.
    Original languageEnglish
    Title of host publicationProceedings of the Eighty-second Annual Meeting of the Academy of Management
    EditorsSonja Taneja
    Number of pages1
    Place of PublicationBriarcliff Manor, NY
    PublisherAcademy of Management
    Publication date2022
    Publication statusPublished - 2022
    EventThe Academy of Management Annual Meeting 2022: Creating a Better World Together - Seattle, United States
    Duration: 5 Aug 20229 Aug 2022
    Conference number: 82


    ConferenceThe Academy of Management Annual Meeting 2022
    Country/TerritoryUnited States
    Internet address
    SeriesAcademy of Management Proceedings


    • AOM annual meeting proceedings 2022
    • AOM seattle 2022

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