Empirical study on commonness of fast growing private enterprises in China: Study on listed companies on GEM in Shenzhen Stock Exchange

Abstract

Purpose

The paper aims to examine the similarities of fast‐growth private enterprises (PEs) in China with particular focus on enterprises listed on growth enterprises market in order to draw managerial implications for other PEs.

Design/methodology/approach

The paper looks at the release effects of intangible assets in PEs. It examines the excavation effects of preferential policy on PEs and goes on to discuss the agglomeration effects of the inherent advantages of these.

Findings

The paper argues that the fast growth of PEs in our sample was attributable to three main factors, i.e. benefits of intangible assets marketisation, shrewd use of government preferential policies and technological and managerial capabilities.

Practical implications

This research calls for the Chinese Government to adjust relevant policies to create a fair and competitive environment for enterprises with different ownerships and different scales.

Originality/value

The paper highlights the fact that the social and economic conditions of China in the post‐transition period have changed greatly and that the Chinese Government needs to clarify and define the existing characteristics and functions of enterprises and improve their service‐oriented functions.

Citation

Haisu, W. and Zhongxiu, F. (2010), "Empirical study on commonness of fast growing private enterprises in China: Study on listed companies on GEM in Shenzhen Stock Exchange", Journal of Chinese Entrepreneurship, Vol. 2 No. 3, pp. 282-291. https://doi.org/10.1108/17561391011078767