{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/115883"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/115883","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"Environmental uncertainty, entrepreneurial governance, and entrepreneurship activities: evidence from China, 2005 - 2019","abstract":"Submission published under a 24 month embargo labeled 'Closed Access', the embargo will last until 2024-08-01","abstract_html":"Submission published under a 24 month embargo labeled 'Closed Access', the embargo will last until 2024-08-01","abstract_has_math":false,"creators":["Zhang, Weiliang"],"institution":"University of Illinois at Urbana-Champaign","degree_name":"Ph.D.","degree_level":"Dissertation","degree_discipline":"Business Administration","degree_department":null,"school":null,"contributors":["Mahoney, Joseph","Sakhartov, Arkadiy","Schijven, Mario","Yao, Kun"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2022,"date_issued":"2022-08","date_published":"2022-08","updated_at":"2026-07-22T22:24:55Z","subjects":["Entrepreneurship","Uncertainty","China","Entrepreneurial Governance"],"languages":["en","eng"],"rights":["Copyright 2022 Weiliang Zhang"],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"https://hdl.handle.net/2142/115883","outbound_label":"Handle","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Mahoney, Joseph","Sakhartov, Arkadiy","Schijven, Mario","Yao, Kun"]},{"key":"dc:creator","label":"Author","values":["Zhang, Weiliang"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2022-08","2022-07-07"]},{"key":"dc:type","label":"Dc Type","values":["text","Thesis"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Business Administration"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Dissertation"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Ph.D."]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["University of Illinois at Urbana-Champaign"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Entrepreneurship","Uncertainty","China","Entrepreneurial Governance"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["en","eng"]},{"key":"dc:rights","label":"Dc Rights","values":["Copyright 2022 Weiliang Zhang"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["https://hdl.handle.net/2142/115883"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["Submission published under a 24 month embargo labeled 'Closed Access', the embargo will last until 2024-08-01","The student, Weiliang Zhang, accepted the attached license on 2022-07-01 at 10:55.","The student, Weiliang Zhang, submitted this Dissertation for approval on 2022-07-01 at 10:59.","This Dissertation was approved for publication on 2022-07-07 at 13:52.","DSpace SAF Submission Ingestion Package generated from Vireo submission #18130 on 2022-11-16 at 10:17:30","Uncertainty has been a key concept in entrepreneurship literature. However, the relationship between uncertainty and entrepreneurship activities has been inclusive. In this dissertation, I attempt to contribute to this long-puzzling relationship by joining theories from management and economics literature to develop an integrative theoretical framework on the relationships between environmental uncertainty, entrepreneurial governance, entrepreneurial outcomes, and entrepreneurial strategic changes. I propose that environmental uncertainty can significantly affect entrepreneurial outcomes and entrepreneurial strategic changes, and entrepreneurial governance plays an important role in this process. To reconcile previous conflicting literature on uncertainty and entrepreneurship activities, I identify three different types of environmental uncertainty – macroeconomic uncertainty, economic policy uncertainty, and political turnover uncertainty. I develop an integrative framework to explain and predict how different types of environmental uncertainty can have distinct impacts on entrepreneurial outcomes and entrepreneurial strategic changes. Importantly, I propose that startups with distinctive ownership structures can leverage or mitigate the impacts of environmental uncertainty differently, underpinning the importance of ownership arrangements for startups. To test my theoretical framework, I collected a unique dataset covering 9 million Chinese startups registered after 2005. Moreover, I develop a novel measurement for economic policy uncertainty with an analysis of a proprietary dataset of more than 240, 000 Chinese policies. The empirical results indicate that both macroeconomic uncertainty and economic policy uncertainty can significantly decrease the likelihood of survival of startups, while political turnover uncertainty can significantly increase the likelihood of entrepreneurial survival. Moreover, I investigate the relationship between environmental uncertainty and two critical types of industry-related entrepreneurial strategic change – diversifying entry and change of the dominant business. I found that macroeconomic uncertainty and economic policy uncertainty will positively impact the likelihood of diversifying entries by startups but negatively impact the likelihood of changes of the dominant business by startups. Political turnover uncertainty, in contrast, can induce both types of industry-related entrepreneurial strategic change. Finally, three characteristics of ownership structures – number of shareholders, the existence of institutional shareholders, and the existence of supermajority shareholder – are investigated as moderators of the above relationships."]},{"key":"dc:format","label":"Dc Format","values":["application/pdf"]},{"key":"dc:title","label":"Title","values":["Environmental uncertainty, entrepreneurial governance, and entrepreneurship activities: evidence from China, 2005 - 2019"]}]}],"canonical_facts":{"dc:contributor":["Mahoney, Joseph","Sakhartov, Arkadiy","Schijven, Mario","Yao, Kun"],"dc:creator":["Zhang, Weiliang"],"dc:date":["2022-08","2022-07-07"],"dc:description":["Submission published under a 24 month embargo labeled 'Closed Access', the embargo will last until 2024-08-01","The student, Weiliang Zhang, accepted the attached license on 2022-07-01 at 10:55.","The student, Weiliang Zhang, submitted this Dissertation for approval on 2022-07-01 at 10:59.","This Dissertation was approved for publication on 2022-07-07 at 13:52.","DSpace SAF Submission Ingestion Package generated from Vireo submission #18130 on 2022-11-16 at 10:17:30","Uncertainty has been a key concept in entrepreneurship literature. However, the relationship between uncertainty and entrepreneurship activities has been inclusive. In this dissertation, I attempt to contribute to this long-puzzling relationship by joining theories from management and economics literature to develop an integrative theoretical framework on the relationships between environmental uncertainty, entrepreneurial governance, entrepreneurial outcomes, and entrepreneurial strategic changes. I propose that environmental uncertainty can significantly affect entrepreneurial outcomes and entrepreneurial strategic changes, and entrepreneurial governance plays an important role in this process. To reconcile previous conflicting literature on uncertainty and entrepreneurship activities, I identify three different types of environmental uncertainty – macroeconomic uncertainty, economic policy uncertainty, and political turnover uncertainty. I develop an integrative framework to explain and predict how different types of environmental uncertainty can have distinct impacts on entrepreneurial outcomes and entrepreneurial strategic changes. Importantly, I propose that startups with distinctive ownership structures can leverage or mitigate the impacts of environmental uncertainty differently, underpinning the importance of ownership arrangements for startups. To test my theoretical framework, I collected a unique dataset covering 9 million Chinese startups registered after 2005. Moreover, I develop a novel measurement for economic policy uncertainty with an analysis of a proprietary dataset of more than 240, 000 Chinese policies. The empirical results indicate that both macroeconomic uncertainty and economic policy uncertainty can significantly decrease the likelihood of survival of startups, while political turnover uncertainty can significantly increase the likelihood of entrepreneurial survival. Moreover, I investigate the relationship between environmental uncertainty and two critical types of industry-related entrepreneurial strategic change – diversifying entry and change of the dominant business. I found that macroeconomic uncertainty and economic policy uncertainty will positively impact the likelihood of diversifying entries by startups but negatively impact the likelihood of changes of the dominant business by startups. Political turnover uncertainty, in contrast, can induce both types of industry-related entrepreneurial strategic change. Finally, three characteristics of ownership structures – number of shareholders, the existence of institutional shareholders, and the existence of supermajority shareholder – are investigated as moderators of the above relationships."],"dc:format":["application/pdf"],"dc:identifier":["https://hdl.handle.net/2142/115883"],"dc:language":["en","eng"],"dc:rights":["Copyright 2022 Weiliang Zhang"],"dc:subject":["Entrepreneurship","Uncertainty","China","Entrepreneurial Governance"],"dc:title":["Environmental uncertainty, entrepreneurial governance, and entrepreneurship activities: evidence from China, 2005 - 2019"],"dc:type":["text","Thesis"],"thesis:degree_discipline":["Business Administration"],"thesis:degree_level":["Dissertation"],"thesis:degree_name":["Ph.D."],"thesis:institution_name":["University of Illinois at Urbana-Champaign"]},"updated_at":"2026-07-22T22:24:55Z"}