Subscribe to the gold package and get unlimited access to Shamra Academy
Register a new userFinancing Entrepreneurship and Innovation in China
153
0
0.0
(
0
)
Ask ChatGPT about the research
No Arabic abstract
This study reports on the current state-of-affairs in the funding of entrepreneurship and innovations in China and provides a broad survey of academic findings on the subject. We also discuss the implications of these findings for public policies governing the Chinese financial system, particularly regulations governing the initial public offering (IPO) process. We also identify and discuss promising areas for future research.
rate research
Read More
Entrepreneurship is often touted for its ability to generate economic growth. Through the creative-destructive process, entrepreneurs are often able to innovate and outperform incumbent organizations, all of which is supposed to lead to higher employment and economic growth. Although some empirical evidence supports this logic, it has also been the subject of recent criticisms. Specifically, entrepreneurship does not lead to growth in developing countries; it only does in more developed countries with higher income levels. Using Global Entrepreneurship Monitor data for a panel of 83 countries from 2002 to 2014, we examine the contribution of entrepreneurship towards economic growth. Our evidence validates earlier studies findings but also exposes previously undiscovered findings. That is, we find that entrepreneurship encourages economic growth but not in developing countries. In addition, our evidence finds that the institutional environment of the country, as measured by GEM Entrepreneurial Framework Conditions, only contributes to economic growth in more developed countries but not in developing countries. These findings have important policy implications. Namely, our evidence contradicts policy proposals that suggest entrepreneurship and the adoption of pro-market institutions that support it to encourage economic growth in developing countries. Our evidence suggests these policy proposals will be unlikely to generate the economic growth desired.
The mission statement (MS) is the most used organizational strategic planning tool worldwide. The relationship between an MS and an organizations financial performance has been shown to be significantly positive, albeit small. However, an MSs relationship to the macroeconomic environment and to organizational innovation has not been investigated. We implemented a Structural Equation Modeling using the SCImago Institutional Ranking (SIR) as a global baseline sample and assessment of organizational research and innovation (RandI), an automated MS content analysis, and the Economic Complexity Index (ECI) as a comprehensive macroeconomic environment measure. We found that the median performance of organizations that do not report an MS is significantly higher than that of reporting organizations, and that a path-dependence driven by the States long-term view and investment is a better explanatory variable for organizational RandI performance than the MS construct or the intermediate-term macroeconomic environment.
We examine how the institutional context affects the relationship between gender and opportunity entrepreneurship. To do this, we develop a multi-level model that connects feminist theory at the micro-level to institutional theory at the macro-level. It is hypothesized that the gender gap in opportunity entrepreneurship is more pronounced in low-quality institutional contexts and less pronounced in high-quality institutional contexts. Using data from the Global Entrepreneurship Monitor (GEM) and regulation data from the economic freedom of the world index (EFW), we test our predictions and find evidence in support of our model. Our findings suggest that, while there is a gender gap in entrepreneurship, these disparities are reduced as the quality of the institutional context improves.
The existing theorization of development economics and transition economics is probably inadequate and perhaps even flawed to accurately explain and analyze a dual economic system such as that in China. China is a country in the transition of dual structure and system. The reform of its economic system has brought off a long period of transformation. The allocation of factors is subjected to the dualistic regulation of planning or administration and market due to the dualistic system, and thus the signal distortion will be a commonly seen existence. From the perspective of balanced and safe growth, the institutional distortions of population birth, population flow, land transaction and housing supply, with the changing of export, may cause great influences on the production demand, which includes the iterative contraction of consumption, the increase of export competitive cost, the widening of urban-rural income gap, the transferring of residents income and the crowding out of consumption. In view of the worldwide shift from a conservative model with more income than expenditure to the debt-based model with more expenditure than income and the need for loose monetary policy, we must explore a basic model that includes variables of debt and land assets that affecting money supply and price changes, especially in China, where the current debt ratio is high and is likely to rise continuously. Based on such a logical framework of dualistic system economics and its analysis method, a preliminary calculation system is formed through the establishment of models.
This paper studies the extent to which social capital drives performance in the Chinese venture capital market and explores the trend toward VC syndication in China. First, we propose a hybrid model based on syndicated social networks and the latent-variable model, which describes the social capital at venture capital firms and builds relationships between social capital and performance at VC firms. Then, we build three hypotheses about the relationships and test the hypotheses using our proposed model. Some numerical simulations are given to support the test results. Finally, we show that the correlations between social capital and financial performance at venture capital firms are weak in China and find that Chinas venture capital firms lack mature social capital links.
Log in to be able to interact and post comments
comments
Fetching comments
Sign in to be able to follow your search criteria
