Journal Articles

Zhang, Y, Scholes, L, Fu, K, Hughes, M, Tang, F (2025) Successful crowdfunding by lead investors: The role of social capital, R&D Management, ISSN: 0033-6807. DOI: 10.1111/radm.12754.

Autio, E, Castillejos-Petalcorin, C, Chiyachantana, C, Fu, K, Habaradas, R, Jinjarak, Y, Muftiadi, A, Park, D, Prasarnphanich, P, Quyên, PM, Smit, W (2024) Adoption of digital technologies, business model innovation, and financial and sustainability performance in start-up firms, ADB Economics Working Paper Series, (734), pp.1-36, ISSN: 1655-5252. DOI: 10.22617/WPS240356-2.

Zhang, Y, Johan, S, Fu, K, Hughes, M, Scholes, L, Liu, J (2023) The effect of lead investor's human capital on funding performance: The moderating role of investment ambition, Journal of International Financial Markets, Institutions and Money, 90, ISSN: 1042-4431. DOI: 10.1016/j.intfin.2023.101891.

Zhang, Y, Hughes, M, Fu, K, Scholes, L, Tang, F (2023) The effect of lead investors’ trustworthiness on funding performance: The moderating effect of investment-specific human capital, Technology in Society, 73(2023), 102222, ISSN: 0160-791X. DOI: 10.1016/j.techsoc.2023.102222.

Zhang, Y, Scholes, M, Fu, K, Hughes, M, Tang, F (2023) Equity crowdfunding syndicates and fundraising performance: The effect of human capital and lead investor reputation, Journal of Small Business and Enterprise Development.

Liu, K, Fu, K, Yang, JY, Al Asady, A (2021) A system justification theory of entrepreneurial attitudinal change during a crisis, Entrepreneurship: Theory and Practice, 47(3), pp.893-923, ISSN: 1042-2587. DOI: 10.1177/10422587211058363.

Schnyder, G, Grosman, A, Fu, K, Siems, M, Aguilera, RV (2021) Legal perception and finance: The case of IPO firm value, British Journal of Management, 33(1), pp.88-116, ISSN: 1045-3172. DOI: 10.1111/1467-8551.12531.

Jie, X, Jie, Y, Fu, K, Ke, W, Yuanqiong, H (2021) Innovation in an authoritarian society: China during the pandemic crisis, Journal of Business Strategy, 43(2), pp.79-86, ISSN: 0275-6668. DOI: 10.1108/JBS-10-2020-0223.

Liu, K, Asady, AA, Fu, K (2020) How do foreign entrepreneurs adapt to local corruption norms in the Middle East? Institutional multiplicities and individual adaptation, International Small Business Journal, 38(7), pp.629-653, ISSN: 0266-2426. DOI: 10.1177/0266242620918823.

Daniel, GO, Fu, K, Dolfsma, W (2018) Institutional quality and economic development in sub-Saharan Africa: Can management effort and bribes compensate for low-quality institutions?, Journal of Economic Issues, 52(2), pp.473-482, ISSN: 0021-3624. DOI: 10.1080/00213624.2018.1469920.

Fu, K, Wennberg, K, Falkenhall, B (2018) Productive entrepreneurship and the effectiveness of insolvency legislation: a cross-country study, Small Business Economics, 54, pp.383-404, ISSN: 0921-898X. DOI: 10.1007/s11187-018-0040-6.

Fu, K, Larsson, A-S, Wennberg, K (2018) Habitual entrepreneurs in the making: how labour market rigidity and employment affects entrepreneurial re-entry, Small Business Economics, 51(2), pp.465-482, ISSN: 0921-898X. DOI: 10.1007/s11187-018-0011-y.

Fini, R, Fu, K, Mathisen, MT, Rasmussen, E, Wright, M (2016) Institutional determinants of university spin-off quantity and quality: a longitudinal, multilevel, cross-country study, Small Business Economics, 48(2), pp.361-391, ISSN: 0921-898X. DOI: 10.1007/s11187-016-9779-9.

Wright, M and Fu, K (2015) University spin-outs: what do we know and what are the policy implications? Evidence from the UK, Journal of Innovation Management, 3(4), pp.5-15, ISSN: 2183-0606.

Autio, E and Fu, K (2014) Economic and political institutions and entry into formal and informal entrepreneurship, Asia Pacific Journal of Management, 32(1), pp.67-94, ISSN: 0217-4561. DOI: 10.1007/s10490-014-9381-0.

Parikh, P, Fu, K, Parikh, H, McRobie, A, George, G (2014) Infrastructure provision, gender, and poverty in Indian slums, World Development, 66, pp.468-486, ISSN: 0305-750X. DOI: 10.1016/j.worlddev.2014.09.014.

Conferences

Irwan, A and Fu, K (Accepted for publication) Digital Technology Adoption and Individual Entrepreneurial Orientation: Examining Non-Managerial Individual Performance in MSMEs. In British Academy of Management 2025 Conference, University of Kent, United Kingdom.

Park, D, Jinjarak, Y, Smit, W, Fu, K, Petalcorin, C (2025) Adoption of digital technologies, business model innovation, and entrepreneurial firm performance: Evidence from ASEAN startups. In Allied Social Science Association Annual Meeting; AEA Papers and Proceedings, San Francisco, USA.

Zou, Y, Grosman, A, Fu, K (2024) Executive compensation in the Chinese market. In 4th International Conference in collaboration with Loughborough University London, UK on Corporate Governance, Responsibility, and the Institutional Diversity of Capitalism: Towards a Global Dialogue, London.

Scholes, L, Zhang, Y, Fu, K, Hughes, M (2021) Lead investors’ human capital and fundraising performance: mediating role of reputation. In AOM 2021, Virtual.

Zhang, Y, Scholes, L, Fu, K, Hughes, M (2020) Social capital in a syndicate investment platform - Effects on syndicate lead performance. In 39th Annual Entrepreneurship Research Conference, Babson College; Frontiers of Entrepreneurship Research 2019: Proceedings of the 39th Annual Entrepreneurship Research Conference, Boston Park, MA, USA.

Kuo-Feng, H, Fu, K, Grosman, A, Hughes, M (2019) Competitive behaviour of young firms under industry deregulation: The role of boards in adoption of nonconformist strategies. In Academy of Management Annual Conference, Boston, Massachusetts.

Chapters

Ye, Z and Fu, K (Accepted for publication) Equity Crowdfunding Syndicates. In Douglas, C and Benjamin, H (ed) THE PALGRAVE ENCYCLOPEDIA OF PRIVATE EQUITY, Palgrave Macmillan Cham, pp.tbd-tbd, DOI: 10.1007/978-3-030-38738-9.

de Beer, J, Fu, K, Wunsch-Vincent, S (2023) Innovation in the informal economy. In Handbook of Innovation and Regulation, pp.93-117.

Wright, M and Fu, K (2017) University spin-outs in the UK. In World Scientific Reference on Entrepreneurship, pp.165-186, DOI: 10.1142/9874.

Wright, M and Fu, K (2016) University Spin-outs in the UK. In Fini, R and Grimaldi, R (ed) Process approach to academic entrepreneurship: evidence from the globe, World Scientific Publishing, pp.253-274, ISBN: 978-981-4733-42-7.

De Beer, J, Fu, K, Wunsch-Vincent, S (2016) Innovation in the Informal Economy. In The Informal Economy in Developing Nations-Hidden Engine of Innovation?, Cambridge University Press, pp.53-86, ISBN: 9781107157545.

Internet Publications

Park, D, Smit, W, Fu, K, Jinjarak, Y, Petalcorin, C (2025) Does Digitalization Improve Entrepreneurial Performance? Evidence from ASEAN.

Reports

Tan, Y-M, Amorós, JE, Autio, E, Fu, K, Donghyun, P (2025) The impact of digitalization on entrepreneurial innovation: a comparative analysis between developing economies in Asia and in other regions, Asian Development Bank, DOI: 10.22617/WPS250145-2.

Fu, F, Amorós, JE, Autio, E, Park, D, Tan, Y-M, Fu, K (2025) How Do Institutions Shape Productive Entrepreneurship Across Levels of Economic Development? A Multilevel Analysis, No. 775, Asian Development Bank.

Erkko, A and Fu, K (2022) Country-level institutional conditions and individual-level entrepreneurship dynamics, Asian Development Bank, ISBN: 978-92-9269-754-9.

Autio, E and Fu, K (2022) Digital framework conditions and the productivity potential of a country’s entrepreneurial dynamic: A study of selected ADB member economies, ADB, ISBN: 978-92-9269-754-9.

Autio, E, Fu, K, Smit, W, Muftiadi, A, Chiyachantana, C, Prasarnphanich, PM, Pham, QM, Habaradas, R, Castilllejos-Petalcorin, C, Jinjarak, Y, Park, D (2022) Adoption of digital technologies, business model innovation, and financial and sustainability performance in startup firms, Asian Development Bank, ISBN: 978-92-9269-754-9.

Autio, E, Fu, K, Levie, J (2020) Entrepreneurship as a driver of innovation in the digital age, Asian Development Bank.

Wennberg, K and Fu, K (2015) Productive entrepreneurship and insolvency legislature: A cross-country study, The Swedish Agency for Growth Policy Analysis.

Autio, E and Webb, R (2015) Engineering growth: Enabling world-class UK entrepreneurship in the low-carbon economy, Shell Springboard Programme.

Wright, M, Hart, M, Fu, K (2015) A Nation of Angels: Assessing the impact of angel investing across the UK, CFE, UKBAA, and ERC.

De Beer, J, Fu, K, Wunsch-Vincent, S (2013) The informal economy, innovation and intellectual property- concepts, metrics and policy considerations, World Intellectual Property Organisation.

Datasets

Schnyder, G, Grosman, A, Fu, K, Siems, M, Aguilera, RV (2021) Supplementary Information files for Legal perception and finance: The case of IPO firm value, DOI: 10.17028/rd.lboro.15141111.

Other

Schnyder, G, Grosman, A, Fu, K, Siems, M, Aguilera, R (2022) Legal perception and finance: when the perception matters more than the actual law, How people perceive the quality of the law can affect companies in many ways. Gerhard Schnyder, Anna Grosman, Kun Fu, Mathias Siems, and Ruth V. Aguilera explore the underdeveloped role of legal perceptions in initial public offerings (IPOs), when companies list their shares in a stock exchange. They find that what drives IPO valuation is how shareholder protection laws are perceived, rather than the actual quality of the legal protection. .