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
The relationship between government policy and economic development has been a long- standing topic of academic research andpolicy debate. The government of a transitional economy plays an important role in the proces...The relationship between government policy and economic development has been a long- standing topic of academic research andpolicy debate. The government of a transitional economy plays an important role in the process of economic development. Over the past three decades, the Chinese economy has been growing very rapidly, in particular because of the rapid development of the private sector. However, the performance of private enterprises is still affected by government policies. In the present paper, we examine the changes in large Chinese private enterprises performance during 2003-2006 and test the determinants of such changes. We conclude that the Chinese Government＇s discriminating policies against private enterprises are the main cause of the private sector＇s downturn.展开更多
Domestic and foreign studies have revealed the existence of an interactive development relationship between nono cial nance and small and medium-sizedenterprises.Based on the empirical findings of a Hangzhou case stud...Domestic and foreign studies have revealed the existence of an interactive development relationship between nono cial nance and small and medium-sizedenterprises.Based on the empirical findings of a Hangzhou case study,this article substantiates the existence of a very strong symbiotic relationship between China’s nono cial nance and small and medium-sized enterprises(SMEs).This symbiotic relationship is an equilibrium outcome among three market players:formalnance,nono cial nance and SMEs.Meanwhile,it is also a rational choice and suboptimal equilibrium point reached under the existing institutional spaceconstraints.In our empirical study,we found that formal nance failure left a space for symbiosis to survive in two ways:the comparative advantages of nono cialnance created an institutional basis for symbiosis to grow,and immense SME fund shortages created a market space for symbiosis to thrive.In this article,we alsoput forward some recommendations for further development of such a symbiotic relationship.展开更多
Financing has been always diffi cult for small and micro enterprises(SMEs() in Enshi nationality area mainly because of its higher fi nancing cost, immaturity and high monopoly of the fi nancial market. This paper, ba...Financing has been always diffi cult for small and micro enterprises(SMEs() in Enshi nationality area mainly because of its higher fi nancing cost, immaturity and high monopoly of the fi nancial market. This paper, based on classical theories and model as well as fi nancial market status in Enshi, combs and analyzes major factors infl uencing fi nancing of small and micro enterprises in Enshi, sets up a FFMO model and proves that reform measures of fi nancial organization competition promotion and reduction of small and micro enterprises’ cost adopted by large fi nancial organizations in order to pursue maximized profi t under the market environment with rising barriers can balance the fi nancial market and make it favorable for development of small and micro enterprises’ fi nancing.展开更多
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The relationship between government policy and economic development has been a long- standing topic of academic research andpolicy debate. The government of a transitional economy plays an important role in the process of economic development. Over the past three decades, the Chinese economy has been growing very rapidly, in particular because of the rapid development of the private sector. However, the performance of private enterprises is still affected by government policies. In the present paper, we examine the changes in large Chinese private enterprises performance during 2003-2006 and test the determinants of such changes. We conclude that the Chinese Government＇s discriminating policies against private enterprises are the main cause of the private sector＇s downturn.
文摘Domestic and foreign studies have revealed the existence of an interactive development relationship between nono cial nance and small and medium-sizedenterprises.Based on the empirical findings of a Hangzhou case study,this article substantiates the existence of a very strong symbiotic relationship between China’s nono cial nance and small and medium-sized enterprises(SMEs).This symbiotic relationship is an equilibrium outcome among three market players:formalnance,nono cial nance and SMEs.Meanwhile,it is also a rational choice and suboptimal equilibrium point reached under the existing institutional spaceconstraints.In our empirical study,we found that formal nance failure left a space for symbiosis to survive in two ways:the comparative advantages of nono cialnance created an institutional basis for symbiosis to grow,and immense SME fund shortages created a market space for symbiosis to thrive.In this article,we alsoput forward some recommendations for further development of such a symbiotic relationship.
文摘Financing has been always diffi cult for small and micro enterprises(SMEs() in Enshi nationality area mainly because of its higher fi nancing cost, immaturity and high monopoly of the fi nancial market. This paper, based on classical theories and model as well as fi nancial market status in Enshi, combs and analyzes major factors infl uencing fi nancing of small and micro enterprises in Enshi, sets up a FFMO model and proves that reform measures of fi nancial organization competition promotion and reduction of small and micro enterprises’ cost adopted by large fi nancial organizations in order to pursue maximized profi t under the market environment with rising barriers can balance the fi nancial market and make it favorable for development of small and micro enterprises’ fi nancing.
