As global investors and stakeholders increasingly prioritize environmental,social,and governance(ESG)performance,corporate social responsibility and sustainability have become crucial factors in determining corporate ...As global investors and stakeholders increasingly prioritize environmental,social,and governance(ESG)performance,corporate social responsibility and sustainability have become crucial factors in determining corporate success.In the context of China’s robust economy,the involvement of state-owned capital exerts a profound impact on the ESG performance of private enterprises.This paper,starting from the perspective of ESG,analyzes how state-owned capital participation influences the ESG performance of private enterprises.Additionally,it proposes recommendations for the involvement of state-owned enterprises in private enterprises,aiming to foster the sustainable development of private enterprises and enhance their social responsibility.展开更多
As a necessary factor for a successful business,entrepreneurial spirit is an important means for enterprises to survive in the unstable environment of fierce competition. Under the circumstance of mass entrepreneurshi...As a necessary factor for a successful business,entrepreneurial spirit is an important means for enterprises to survive in the unstable environment of fierce competition. Under the circumstance of mass entrepreneurship and innovation,a large number of small and medium-sized private enterprises have emerged in all walks of life in China. This paper examines the differences in the definition of entrepreneurial spirit by different scholars,the influence of Chinese entrepreneurship on the development of small and medium-sized private enterprises,the origin of the spirit of private entrepreneurs with Chinese characteristics,and the disadvantages of the spirit of small and medium-sized private entrepreneurs in China. It is necessary to further improve entrepreneurial spirit to contribute to the development of small and medium-sized private enterprises and help China to build the national economic system.展开更多
Based on the principal-agent theory, this paper analyzes the current situation and the developing trends of Chinese private enterprises. It points out the obstacles confronted by Chinese private enterprise in setting ...Based on the principal-agent theory, this paper analyzes the current situation and the developing trends of Chinese private enterprises. It points out the obstacles confronted by Chinese private enterprise in setting up the principal-agent mechanism and proposes the corresponding solutions to these problems.展开更多
after 30 years of development, private enterprise has become an important pillar of our national economy.With the accelerated process of economic globalization, the private enterprises will face more intense competiti...after 30 years of development, private enterprise has become an important pillar of our national economy.With the accelerated process of economic globalization, the private enterprises will face more intense competition in the domestic market. At the same time in order to obtain various resources, access to the vast market and foreign advanced technology, many private enterprises active or passive choice of "going out", through the international road to break the bottleneck of development.展开更多
Innovative entrepreneurial process and the development of Chinese private enterprises have striking similarities: rapid rise rapidly fading, keeping play with the creation, rise, decline, and the trilogy. Chinese pri...Innovative entrepreneurial process and the development of Chinese private enterprises have striking similarities: rapid rise rapidly fading, keeping play with the creation, rise, decline, and the trilogy. Chinese private enterprises in its initial start-up phase, is always full of vigor and vitality, highly competitive and pioneering spirit, a variety of opportunities to grasp and use is always on the way. Thus achieved considerable results and performance, and with a not too long, but the fast expansion stage of development, and the rapid rise. However, after these private companies completed the primitive accumulation, while making great strides with the conditions and ability, they stopped, lost some goals and direction, showing a series of irrational behavior, even some are from decline rapidly decline.展开更多
Along with the constant improvement of the greater Mekong sub-regional (GMS) cooperation mechanism, the prospect for Yunnan private enterprises to participate in the GMS agricultural cooperation becomes wider. In th...Along with the constant improvement of the greater Mekong sub-regional (GMS) cooperation mechanism, the prospect for Yunnan private enterprises to participate in the GMS agricultural cooperation becomes wider. In this background, the current situation of Yunnan private enterprises to carry out agricultural trade and investment in the GMS countries is analyzed by taking Yunnan private enterprises for example, and then the main problems are summarized, and finally rational suggestions are proposed for the government to effectively promote Yunnan private enterprises to participate in the GMS agricultural cooperation.展开更多
In China, major shareholders of private listed enterprise could control its production and operation by virtue of few resources which makes it possible for ultimate controlling shareholders to expropriate minority sha...In China, major shareholders of private listed enterprise could control its production and operation by virtue of few resources which makes it possible for ultimate controlling shareholders to expropriate minority shareholders' rights and interests.In this paper, we studied the relationship between ultimate controlling shareholders and business performance of private enterprises based on the theory of ultimate controlling shareholders and made relevant conclusions and recommendations.展开更多
With the current development and progress of the socialist marketing economy, the number of the private enterprises in our country increases constantly, and the development scale has been expanded constantly, which ha...With the current development and progress of the socialist marketing economy, the number of the private enterprises in our country increases constantly, and the development scale has been expanded constantly, which has become an important component for China's national economy, and making a huge contribution to promote the increase of China's national economy. In order to occupy a development location among the fierce market competition and expand the market share, the private enterprises in our country make many efforts constantly, such as strengthening and promotion of the internal management concept and the management mode, etc., which really obtains an obvious achievement and progress, however, due to the restriction of the various reasons, there are still many realistic problems existing in the financial cost management for the private enterprises, which restricts the sustainable, modern and scientific development step greatly, for the method on improving the financial cost management level in China's private enterprises and the guarantee of the pertinence and the efficiency for the financial cost management measures to be implemented in the private enterprises, it becomes the key problems which needs to be solved by the private enterprises currently.展开更多
In the development process of private enterprises, their business culture is formed in the process of the society's identification. Using the analytical method: CMM (Capability Maturity Model for Software), we can...In the development process of private enterprises, their business culture is formed in the process of the society's identification. Using the analytical method: CMM (Capability Maturity Model for Software), we can divide the process into five levels: initial, internalized, extended, balanced and optimizing. For the sake of the sound development of the private enterprises, the enterprises' culture should be cultivated by the society standard.展开更多
Performance of private enterprises in the social and economic activities are increasingly active, now they go into the heart from the economic, social fringes, and become the most dynamic and promising economic form o...Performance of private enterprises in the social and economic activities are increasingly active, now they go into the heart from the economic, social fringes, and become the most dynamic and promising economic form of China's economy. With the increased competition after accession to the WTO, economic globalization requires private enterprises pay more attention to the speed and efficiency of discovery the market, distribution methods, the new generation of products, liquidity. "Information" is the most effective means to achieve speed and efficiency. Currently, private enterprise information technology has become the focus content of our enterprise information.展开更多
Creditors,such as banks,often use disclosed environmental information to assess a company’s environmental risk and ensure the safety of debt funds.Consequently,carbon disclosures have become an important consideratio...Creditors,such as banks,often use disclosed environmental information to assess a company’s environmental risk and ensure the safety of debt funds.Consequently,carbon disclosures have become an important consideration for creditors when making investments.This study explores the relationship between carbon disclosure and debt financing costs using data on listed companies from 2008 to 2019.The results show that carbon disclosure can reduce the debt financing costs of enterprises,and that this influence is more significant for private companies than for state-owned enterprises.Instrumental variables and Propensity Score Matching(PSM)were used to evaluate the robustness of negative relationships.Furthermore,carbon disclosure has a more significant impact on debt costs with less environmental supervision pressure,weak residents’environmental awareness,and weak product market competition.These findings provide guidance for companies’carbon information disclosure and support the establishment of official carbon disclosure standards.展开更多
After private enterprise having experienced 30 years of hard work in the reform and opening up and accumulated a certain primitive accumulation of capital, how to make strategic adjustments or enterprise strategic tra...After private enterprise having experienced 30 years of hard work in the reform and opening up and accumulated a certain primitive accumulation of capital, how to make strategic adjustments or enterprise strategic transformation, how to avoid the risk of corporate business development and to make diversification or specialization has become a question of reality that contemporary Chinese private enterprises must face. In this paper, we will exposure to and experience Chinese private enterprises from small to big, starting from nothing, with its own business development strategy, and briefly talk about how private enterprise face the diversification and professional development strategies.展开更多
Innovation is the source of modem enterprise profit, is also the fundamental driving force for enterprise development. With the rapid development of knowledge economy, the private economy is more and more important in...Innovation is the source of modem enterprise profit, is also the fundamental driving force for enterprise development. With the rapid development of knowledge economy, the private economy is more and more important in our national economy. Private enterprises become the main body of the market economy, at the same time, private enterprises in stabling economic growth, promoting international trade, promoting technological progress, reducing unemployment plays a positive role which cannot be substituted. However, private enterprises are existence problems such as lack of innovation resources, and inadequate innovation ability. Therefore, the private enterprise has important practical significance to studying the technological innovation project.展开更多
Private business in China is the most active it has been for ages.The effects on China's economic develop-ment and on the country's system of public ownership are not to be un-derestimated.
China is currently in a period of economic transformation and the reform of the factor market still lags behind that of the product market.This study explores the reasons causing China's private enterprise to expa...China is currently in a period of economic transformation and the reform of the factor market still lags behind that of the product market.This study explores the reasons causing China's private enterprise to expand abroad from the perspective of domestic factor market imperfection.Using data for Chinese listed firms between 2002 and 2020,it examines whether outward foreign direct investment(OFDI)has been undertaken by private enterprises as a response to domestic factor market imperfection.It finds that private enterprises located in regions with greater factor market imperfection have had a greater tendency to engage in OFDI.This effect has been more pronounced among firms with high productivity or high innovation capability,and among medium and small private enterprises.展开更多
This research aims at exploring the differences in the effects of environment on entrepreneurship growth between state-owned enterprises and private businesses. Through executive investigation, reasons are provided fo...This research aims at exploring the differences in the effects of environment on entrepreneurship growth between state-owned enterprises and private businesses. Through executive investigation, reasons are provided for better performance of private businesses. Environmental factors, including economic, legal, technological, cultural and social factors, which influence entrepreneurship growth, are examined to determine differences between state-owned enterprise and private business executives. It is found that the methods of executive assignment to managerial posts determine executives' effort towards entrepreneurship.展开更多
Based on firm level data for the period of 1998-2007,this paper attempts to explain the growth differences between private enterprises and state-owned enterprises(SOEs)in China,in the context of liquidity shocks,and i...Based on firm level data for the period of 1998-2007,this paper attempts to explain the growth differences between private enterprises and state-owned enterprises(SOEs)in China,in the context of liquidity shocks,and institutional and financial environments.It is found that(1)when liquidity tightens,the private enterprises face stricter credit constraints than SOEs,which restricts the development of private enterprise;(2)when liquidity becomes abundant,private enterprises face fewer financial limitations and grow much faster than SOEs;(3)the effect of liquidity shocks on the growth rate gap between private enterprises and SOEs has weakened during the period 2002-2007.These findings reveal that the credit discrimination against private enterprises can be mitigated by improving institutional and financial environments,which weaken the effects of liquidity shocks on firm growth.展开更多
Human resource is the core of organizational development resources, the organization's competition more embodied in the talent competition. Pay as one of the important means of incentive talents, plays an important r...Human resource is the core of organizational development resources, the organization's competition more embodied in the talent competition. Pay as one of the important means of incentive talents, plays an important role in talent organization plan. Compensation management has become the core content of enterprise human resources management, compensation mode is about employee compensation management to study and the trend of the style, it provides reference for compensation managers implement compensation management activity basic paradigm or frame type style. Different modes of compensation, conveys the organization of different development direction, in determining job satisfaction, stimulate staff's work motivation, plays an important role in the enhancement enterprise cohesion, etc. This article through to the state-owned enterprise and private enterprise specific comparison on the differences of two compensation modes, to explore the adaptability of different mode of enterprise, for other enterprises to provide reference for reasonable and effective compensation system.展开更多
基金Guangzhou Social Science Planning Project“Research on Countermeasures for Improving the Quality of New Professional Farmers in One Core,One Belt,and One District under the Background of Rural Revitalization”(Project No.2022GZGJ31)。
文摘As global investors and stakeholders increasingly prioritize environmental,social,and governance(ESG)performance,corporate social responsibility and sustainability have become crucial factors in determining corporate success.In the context of China’s robust economy,the involvement of state-owned capital exerts a profound impact on the ESG performance of private enterprises.This paper,starting from the perspective of ESG,analyzes how state-owned capital participation influences the ESG performance of private enterprises.Additionally,it proposes recommendations for the involvement of state-owned enterprises in private enterprises,aiming to foster the sustainable development of private enterprises and enhance their social responsibility.
基金Supported by Special Youth Project"A Comparative Study on the Cultivation Mode of Innovative Entrepreneurship Talents in China and South Korea"(120-1452226)
文摘As a necessary factor for a successful business,entrepreneurial spirit is an important means for enterprises to survive in the unstable environment of fierce competition. Under the circumstance of mass entrepreneurship and innovation,a large number of small and medium-sized private enterprises have emerged in all walks of life in China. This paper examines the differences in the definition of entrepreneurial spirit by different scholars,the influence of Chinese entrepreneurship on the development of small and medium-sized private enterprises,the origin of the spirit of private entrepreneurs with Chinese characteristics,and the disadvantages of the spirit of small and medium-sized private entrepreneurs in China. It is necessary to further improve entrepreneurial spirit to contribute to the development of small and medium-sized private enterprises and help China to build the national economic system.
文摘Based on the principal-agent theory, this paper analyzes the current situation and the developing trends of Chinese private enterprises. It points out the obstacles confronted by Chinese private enterprise in setting up the principal-agent mechanism and proposes the corresponding solutions to these problems.
文摘after 30 years of development, private enterprise has become an important pillar of our national economy.With the accelerated process of economic globalization, the private enterprises will face more intense competition in the domestic market. At the same time in order to obtain various resources, access to the vast market and foreign advanced technology, many private enterprises active or passive choice of "going out", through the international road to break the bottleneck of development.
文摘Innovative entrepreneurial process and the development of Chinese private enterprises have striking similarities: rapid rise rapidly fading, keeping play with the creation, rise, decline, and the trilogy. Chinese private enterprises in its initial start-up phase, is always full of vigor and vitality, highly competitive and pioneering spirit, a variety of opportunities to grasp and use is always on the way. Thus achieved considerable results and performance, and with a not too long, but the fast expansion stage of development, and the rapid rise. However, after these private companies completed the primitive accumulation, while making great strides with the conditions and ability, they stopped, lost some goals and direction, showing a series of irrational behavior, even some are from decline rapidly decline.
文摘Along with the constant improvement of the greater Mekong sub-regional (GMS) cooperation mechanism, the prospect for Yunnan private enterprises to participate in the GMS agricultural cooperation becomes wider. In this background, the current situation of Yunnan private enterprises to carry out agricultural trade and investment in the GMS countries is analyzed by taking Yunnan private enterprises for example, and then the main problems are summarized, and finally rational suggestions are proposed for the government to effectively promote Yunnan private enterprises to participate in the GMS agricultural cooperation.
文摘In China, major shareholders of private listed enterprise could control its production and operation by virtue of few resources which makes it possible for ultimate controlling shareholders to expropriate minority shareholders' rights and interests.In this paper, we studied the relationship between ultimate controlling shareholders and business performance of private enterprises based on the theory of ultimate controlling shareholders and made relevant conclusions and recommendations.
文摘With the current development and progress of the socialist marketing economy, the number of the private enterprises in our country increases constantly, and the development scale has been expanded constantly, which has become an important component for China's national economy, and making a huge contribution to promote the increase of China's national economy. In order to occupy a development location among the fierce market competition and expand the market share, the private enterprises in our country make many efforts constantly, such as strengthening and promotion of the internal management concept and the management mode, etc., which really obtains an obvious achievement and progress, however, due to the restriction of the various reasons, there are still many realistic problems existing in the financial cost management for the private enterprises, which restricts the sustainable, modern and scientific development step greatly, for the method on improving the financial cost management level in China's private enterprises and the guarantee of the pertinence and the efficiency for the financial cost management measures to be implemented in the private enterprises, it becomes the key problems which needs to be solved by the private enterprises currently.
文摘In the development process of private enterprises, their business culture is formed in the process of the society's identification. Using the analytical method: CMM (Capability Maturity Model for Software), we can divide the process into five levels: initial, internalized, extended, balanced and optimizing. For the sake of the sound development of the private enterprises, the enterprises' culture should be cultivated by the society standard.
文摘Performance of private enterprises in the social and economic activities are increasingly active, now they go into the heart from the economic, social fringes, and become the most dynamic and promising economic form of China's economy. With the increased competition after accession to the WTO, economic globalization requires private enterprises pay more attention to the speed and efficiency of discovery the market, distribution methods, the new generation of products, liquidity. "Information" is the most effective means to achieve speed and efficiency. Currently, private enterprise information technology has become the focus content of our enterprise information.
文摘Creditors,such as banks,often use disclosed environmental information to assess a company’s environmental risk and ensure the safety of debt funds.Consequently,carbon disclosures have become an important consideration for creditors when making investments.This study explores the relationship between carbon disclosure and debt financing costs using data on listed companies from 2008 to 2019.The results show that carbon disclosure can reduce the debt financing costs of enterprises,and that this influence is more significant for private companies than for state-owned enterprises.Instrumental variables and Propensity Score Matching(PSM)were used to evaluate the robustness of negative relationships.Furthermore,carbon disclosure has a more significant impact on debt costs with less environmental supervision pressure,weak residents’environmental awareness,and weak product market competition.These findings provide guidance for companies’carbon information disclosure and support the establishment of official carbon disclosure standards.
文摘After private enterprise having experienced 30 years of hard work in the reform and opening up and accumulated a certain primitive accumulation of capital, how to make strategic adjustments or enterprise strategic transformation, how to avoid the risk of corporate business development and to make diversification or specialization has become a question of reality that contemporary Chinese private enterprises must face. In this paper, we will exposure to and experience Chinese private enterprises from small to big, starting from nothing, with its own business development strategy, and briefly talk about how private enterprise face the diversification and professional development strategies.
文摘Innovation is the source of modem enterprise profit, is also the fundamental driving force for enterprise development. With the rapid development of knowledge economy, the private economy is more and more important in our national economy. Private enterprises become the main body of the market economy, at the same time, private enterprises in stabling economic growth, promoting international trade, promoting technological progress, reducing unemployment plays a positive role which cannot be substituted. However, private enterprises are existence problems such as lack of innovation resources, and inadequate innovation ability. Therefore, the private enterprise has important practical significance to studying the technological innovation project.
文摘Private business in China is the most active it has been for ages.The effects on China's economic develop-ment and on the country's system of public ownership are not to be un-derestimated.
文摘China is currently in a period of economic transformation and the reform of the factor market still lags behind that of the product market.This study explores the reasons causing China's private enterprise to expand abroad from the perspective of domestic factor market imperfection.Using data for Chinese listed firms between 2002 and 2020,it examines whether outward foreign direct investment(OFDI)has been undertaken by private enterprises as a response to domestic factor market imperfection.It finds that private enterprises located in regions with greater factor market imperfection have had a greater tendency to engage in OFDI.This effect has been more pronounced among firms with high productivity or high innovation capability,and among medium and small private enterprises.
文摘This research aims at exploring the differences in the effects of environment on entrepreneurship growth between state-owned enterprises and private businesses. Through executive investigation, reasons are provided for better performance of private businesses. Environmental factors, including economic, legal, technological, cultural and social factors, which influence entrepreneurship growth, are examined to determine differences between state-owned enterprise and private business executives. It is found that the methods of executive assignment to managerial posts determine executives' effort towards entrepreneurship.
基金support from the National Social Science Foundation of China(Project Number:17ZDA049,18VSJ070)the Natural Science Foundation of China(Project Number:71773071,71703066,71703088)Shanghai Pujiang Program(Project Number:16PJC034,17PJC045).The editors'and referees'constructive comments and kind work for the paper is also gratefully acknowledged.The authors accept responsibility for remaining errors.
文摘Based on firm level data for the period of 1998-2007,this paper attempts to explain the growth differences between private enterprises and state-owned enterprises(SOEs)in China,in the context of liquidity shocks,and institutional and financial environments.It is found that(1)when liquidity tightens,the private enterprises face stricter credit constraints than SOEs,which restricts the development of private enterprise;(2)when liquidity becomes abundant,private enterprises face fewer financial limitations and grow much faster than SOEs;(3)the effect of liquidity shocks on the growth rate gap between private enterprises and SOEs has weakened during the period 2002-2007.These findings reveal that the credit discrimination against private enterprises can be mitigated by improving institutional and financial environments,which weaken the effects of liquidity shocks on firm growth.
文摘Human resource is the core of organizational development resources, the organization's competition more embodied in the talent competition. Pay as one of the important means of incentive talents, plays an important role in talent organization plan. Compensation management has become the core content of enterprise human resources management, compensation mode is about employee compensation management to study and the trend of the style, it provides reference for compensation managers implement compensation management activity basic paradigm or frame type style. Different modes of compensation, conveys the organization of different development direction, in determining job satisfaction, stimulate staff's work motivation, plays an important role in the enhancement enterprise cohesion, etc. This article through to the state-owned enterprise and private enterprise specific comparison on the differences of two compensation modes, to explore the adaptability of different mode of enterprise, for other enterprises to provide reference for reasonable and effective compensation system.