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Time allocation and performance: the case of Chinese entrepreneurs.

Talavera, Oleksandr; Weir, Charlie; Xiong, Lin

Authors

Oleksandr Talavera

Charlie Weir

Lin Xiong

Abstract

This paper analyses the effect of time allocation on the financial performance of entrepreneurial firms. We apply the Lewbel estimator to a pooled data set of Chinese private manufacturing firms that are managed by their owners. Time is allocated between management, networking, and study activities. After accounting for endogeneity, we find an inverted U-shaped relationship between management hours and firm performance and between networking and firm performance. However, no relationship between time spent studying and firm performance is observed. We also find that the managing hours-performance relationship is particularly strong for companies managed by entrepreneurs who own more than 75% of share, for companies that are managed by owners with previous experience, for male entrepreneurs, and for smaller-sized firms.

Journal Article Type Article
Publication Date Apr 1, 2017
Journal International journal of the economics of business
Print ISSN 1357-1516
Electronic ISSN 1466-1829
Publisher Taylor & Francis
Peer Reviewed Peer Reviewed
Volume 24
Issue 1
Pages 27-51
Institution Citation TALAVERA, O., WEIR, C. and XIONG, L. 2017. Time allocation and performance: the case of Chinese entrepreneurs. International journal of the economics of business [online], 24(1), pages 27-51. Available from: https://doi.org/10.1080/13571516.2016.1199458
DOI https://doi.org/10.1080/13571516.2016.1199458
Keywords Time allocation; Owner manager business; China; Entrepreneur

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