This study investigates the role of
leadership in entrepreneurship. Using data from a representative household
survey in China, we find that people who demonstrate leadership in their
adolescence are more likely to become entrepreneurs. This finding is robust to
controlling various sets of control variables and various forms of fixed
effects. Better venture performance, rather than more risk seeking, seems to be
a potential mechanism through which leadership is related to entrepreneurship.
JEL classification numbers: L26, M13.
Entrepreneurship, Venture Performance.