Buddhist Entrepreneurs, Managerial Attention Allocation, and New Ventures' Access to External Resources
研究中国佛教企业家如何通过分配更多注意力到外部活动，提升社会政治合法性，从而更易获得银行贷款等外部资源，且该效应在政府干预少、中介机构发达的地区减弱。
Abstract New ventures are often short of resources crucial to their survival and development. This research sheds new light on how new ventures can obtain better access to external resources by analysing a survey of a large sample of Chinese private entrepreneurs. We found that by comparison with their non‐Buddhist counterparts, Chinese Buddhist entrepreneurs tend to give greater attention to external activities and have a higher chance of gaining sociopolitical legitimacy and therefore have a better chance of accessing external resources such as bank loans. Moreover, the indirect effect on bank loans of the amount of attention allocated to external activities by Chinese Buddhist entrepreneurs is weakened by lower government intervention and better development of intermediary agencies in regions where new ventures are located, largely due to Chinese Buddhist entrepreneurs' reduced reliance on sociopolitical legitimacy to access external resources.