Search

This study performed comparative analysis of enterprise growth among enterprises owned by members of voluntary financial saving groups (VFSGs) between Kilolo and Iringa districts in rural Tanzania. A sample of 262 members of VFSGs owning enterprises were selected proportionately from various strata. Semi-structured questionnaire was developed and used in collecting quantitative data, in-depth interview and focus group discussions were applied in collecting qualitative data. Analysis of qualitative data was carried out using content analysis. Chi-square was performed to establish association among variables under the study. Further, independent samples t-test was performed for comparative analysis of enterprise growth among enterprises owned by members of VFSGs between Kilolo and Iringa districts. The findings on association among variables were statistically significant (p < 0.05) with size of the effect being small shown by correlation coefficients (Phi and Cramer’ V coefficients < 0.30). Findings from t-test on the amount of money saved, age of members of VFSGs and number of employees were statistically significant (p < 0.05). Further, the association among education level and skills gap, loan defaulting and entrepreneurial education statistically were significant (p < 0.05). Intervention programmes through training on entrepreneurial education as capacity building is recommended to be undertaken in both districts with first priority in Kilolo district.

This study performed comparative analysis of enterprise growth among enterprises owned by members of voluntary financial saving groups (VFSGs) between Kilolo and Iringa districts in rural Tanzania. A sample of 262 members of VFSGs owning enterprises were selected proportionately from various strata. Semi-structured questionnaire was developed and used in collecting quantitative data, in-depth interview and focus group discussions were applied in collecting qualitative data. Analysis of qualitative data was carried out using content analysis. Chi-square was performed to establish association among variables under the study. Further, independent samples t-test was performed for comparative analysis of enterprise growth among enterprises owned by members of VFSGs between Kilolo and Iringa districts. The findings on association among variables were statistically significant (p < 0.05) with size of the effect being small shown by correlation coefficients (Phi and Cramer’ V coefficients < 0.30). Findings from t-test on the amount of money saved, age of members of VFSGs and number of employees were statistically significant (p < 0.05). Further, the association among education level and skills gap, loan defaulting and entrepreneurial education statistically were significant (p < 0.05). Intervention programmes through training on entrepreneurial education as capacity building is recommended to be undertaken in both districts with first priority in Kilolo district. [ABSTRACT FROM AUTHOR]

Copyright of Tourism Tribune / Lvyou Xuekan is the property of Tourism Institute of Beijing Union University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Abstract Despite their large numbers, the vertical growth of micro, small, and medium enterprises (MSMEs) is not readily apparent, even though they have a substantial impact on Ethiopia’s economy. Earlier studies have underscored enterprise-related factors as hindrances to the expansion of MSMEs. However, entrepreneurs are blamed for their limited practice of innovative marketing that the researchers wanted to verify whether marketing innovation can positively influence the growth of MSMEs in Ethiopia. Therefore, the major objective of the study was to examine the effect of competency and marketing innovation on the growth of MSMEs in the Ethiopian business environment taking marketing innovation as a mediating variable. To collect data, researchers used a stratified random sampling technique and obtained data from 288 owner–managers of micro, small, and medium enterprises. The results of the study revealed that competency has a significant direct effect on enterprise growth. However, the study also found that the effect of competency on innovation and the effect of innovation on enterprise growth were not statistically significant. These findings suggest that competency directly influences the growth of enterprises, while the impact of innovation on growth is not evident in the context of Ethiopian enterprises. The negligible impact of competency on marketing innovation, coupled with the minimal effect of marketing innovation itself, suggests that entrepreneurs may not be prioritizing the adoption of innovative marketing strategies, assuming they can sell their existing products. However, such an approach is typically short-sighted and could leave the business exposed to future vulnerabilities. This study adds to the body of knowledge by indicating that marketing innovation does not mediate between competency and the growth of MSMEs. Instead, it is the competency of entrepreneurs that has a direct and exclusive impact on growth.

Despite their large numbers, the vertical growth of micro, small, and medium enterprises (MSMEs) is not readily apparent, even though they have a substantial impact on Ethiopia's economy. Earlier studies have underscored enterprise-related factors as hindrances to the expansion of MSMEs. However, entrepreneurs are blamed for their limited practice of innovative marketing that the researchers wanted to verify whether marketing innovation can positively influence the growth of MSMEs in Ethiopia. Therefore, the major objective of the study was to examine the effect of competency and marketing innovation on the growth of MSMEs in the Ethiopian business environment taking marketing innovation as a mediating variable. To collect data, researchers used a stratified random sampling technique and obtained data from 288 owner–managers of micro, small, and medium enterprises. The results of the study revealed that competency has a significant direct effect on enterprise growth. However, the study also found that the effect of competency on innovation and the effect of innovation on enterprise growth were not statistically significant. These findings suggest that competency directly influences the growth of enterprises, while the impact of innovation on growth is not evident in the context of Ethiopian enterprises. The negligible impact of competency on marketing innovation, coupled with the minimal effect of marketing innovation itself, suggests that entrepreneurs may not be prioritizing the adoption of innovative marketing strategies, assuming they can sell their existing products. However, such an approach is typically short-sighted and could leave the business exposed to future vulnerabilities. This study adds to the body of knowledge by indicating that marketing innovation does not mediate between competency and the growth of MSMEs. Instead, it is the competency of entrepreneurs that has a direct and exclusive impact on growth. [ABSTRACT FROM AUTHOR]

We study how the quality of local business environments helps explain growth outcomes of micro- and small enterprise microfinance clients by drawing on long-term nationwide administrative data and a policy shock in Cambodia. The staggered launch of special economic zones, which we link to positive shocks to the business environment on both the demand and supply side, leads to significantly increased employment in micro- and small enterprises (MSEs) located in these special economic zones (SEZs), compared to enterprises in contextually similar districts that are unexposed to an SEZ. Key channels explaining the improved growth outcomes include expanded access to external markets for the enterprises' goods and services, more dynamic labor environments, and improved credit terms and conditions. To broaden the relevance of our findings, we combine data from prominent empirical studies on microfinance and demonstrate how related business conditions identified in the enterprise growth literature help explain differences in client business outcomes found in their results. Policy implications are that a smaller but influential segment of microfinance borrowers significantly benefit from opportunities provided by improved local business environments and that governments and lenders can play active roles in facilitating the necessary improvements for such MSEs. Plain English Summary: Financial access may not be fulfilling its real potential in low-income settings, unless coupled with the right opportunities in the business environment for micro- and small enterprises. We use Cambodia's special economic zones as a policy shock to study how the quality of local business environments help explain micro- and small enterprise microfinance clients' growth. We find that the SEZs generate large increases in employment for microfinance borrowers for both micro- and small enterprises. These increases are concentrated in locations where SEZs expand access to local markets and where there are more dynamic labor environments. The SEZs also lead the microfinance lender to improve credit terms, which contribute notably to improved enterprise outcomes. To broaden the relevance of our findings, we demonstrate how related sub-national business environment factors help explain different borrower outcomes found in extant studies that measure microfinance impacts. Policy implications are that an important subset of microfinance borrowers is able to seize opportunities provided by local business environments, and that national and subnational governments can play active roles in facilitating such improved business environments for micro and small enterprises. [ABSTRACT FROM AUTHOR]

The rapid development of the new generation of digital technology has injected new vitality into the digital transformation (DT) and continued growth of enterprises. This paper selects data from China's A-share listed companies from 2010 to 2019 and uses transaction cost theory to empirically test the effect of enterprise digital transformation (EDT) on enterprise growth and its mechanism. Research has found that DT can significantly promote enterprise growth. The reduction of supply chain collaboration costs plays an important role as an intermediary mechanism in this process. At the same time, industry competition intensity, regional marketization level, and digital infrastructure level have played positive regulatory roles. In addition, when the enterprise's level of financing constraints is low and it is a manufacturing enterprise or state-owned enterprise, the promotion effect of EDT on enterprise growth is more significant. While expanding the research perspective and measurement methods of EDT, this paper integrates the strategic actions of EDT and the inter-enterprise collaboration costs of the supply chain into a unified theoretical framework, revealing a new theoretical mechanism for DT to promote enterprise growth. It also provides practical inspiration for relevant policy formulation and enterprise transformation and upgrading. [ABSTRACT FROM AUTHOR]

The survival and sustainable development of new technology-based ventures (NTBVs) have become challenging due to the unpredictable and dynamic technological environment as well as the scarcity of their own resources. Considering the tension between "conformity" and "distinctiveness" faced in NTBVs' growth, based on the optimal distinctiveness perspective, we develop a configurational framework to investigate how combinations of multiple factors (i.e., political guanxi, business guanxi, exploratory innovation, exploitative innovation, environmental dynamism, and environmental munificence) lead to high enterprise growth. This study analyzes survey data of 30 Chinese NTBVs by conducting a necessary condition analysis (NCA) to inspect the necessary relationships between each condition and the outcome and employs fuzzy-set qualitative comparative analysis (fsQCA) to determine the configurations to achieve growth. It is shown that individual elements do not compose the necessary conditions for yielding high enterprise growth, and high levels of new venture growth require different configurations of antecedents to be achieved. Furthermore, four types of driving pathways are identified for the NTBVs' growth, each of which contains different compositions of enterprise strategy and external environment. These findings enhance the literature on enterprise growth and its influencing factors and provide implications for NTBVs to achieve high-quality growth and development. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Technology Economics is the property of Chinese Society of Technology Economics and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Purpose: The purpose of this study is to examine the effects of executives' overseas education and work experience on enterprise digital as executives' overseas background is critical to the development of enterprises. It also explored the mediating role of enterprise digital transformation on the relationship between executives' overseas background and enterprise growth. Design/methodology/approach: Chinese A-share companies listed on the Shanghai and Shenzhen Stock Exchanges for the period 2018–2020 were analyzed using regression analysis and bootstrapping to verify hypothesized relationships. Findings: Executives' overseas study and work experience both enhanced enterprise digital transformation significantly, thus improving enterprise growth. The level of employee education moderated the mediating role proposed in the theoretical model. Moreover, the promoting effect of executives' overseas background on enterprise digital transformation was more significant for non-state-owned enterprises and those in eastern China. Practical implications: The findings provide reference for the formulation and optimization of companies' human resource structure and have implications on the improvement of enterprise digital transformation and enterprise growth. Originality/value: This study explored the factors influencing enterprise digital transformation at the microlevel of corporate human capital, thereby providing microlevel empirical evidence for research on the factors influencing enterprise digital transformation. Its findings shed light on the mechanism and context under which executives with overseas backgrounds may enhance enterprise digital transformation and growth. [ABSTRACT FROM AUTHOR]

Copyright of Research Papers of the Wroclaw University of Economics / Prace Naukowe Uniwersytetu Ekonomicznego we Wroclawiu is the property of Uniwersytet Ekonomiczny we Wroclawiu and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Innovation in green technology is an efficient approach to reducing carbon emissions and achieving energy conservation, which is essential for fostering sustainable and green economic development. Even though the development of eco-friendly technologies is accelerating, the grasp of how political ties affect firms' adoption of green technologies remains hazy. This paper examines the effect of a firm's total political embeddedness (government ownership and political connections) along with the influencing mechanisms by employing a panel fixed effect regression approach on a dataset of Chinese A-share enterprises operating in pollution-intensive industries spanning 2012 to 2021. The findings offer conclusive evidence that political embeddedness encourages the enterprises' development of green technologies and boosts their output of innovation. In addition, mechanism analysis reveals that companies' political embedding influences their green innovation behavior through environmental disclosure. Moreover, board gender diversity and company growth rate are found to reinforce the impact of political embeddedness on green innovation. Besides expanding the current research on green innovation and corporate political involvement, the findings also provide important policy recommendations for the sustainable development of companies in emerging markets. [ABSTRACT FROM AUTHOR]

With increasing market competition and the arrival of technological innovation, the automobile-manufacturing industry faces great changes. In this situation, the quality of internal control becomes an important part that affects the growth and development of enterprises. According to the theories of internal control and enterprise growth, this paper selects data of Chinese listed-companies in the automobile manufacturing industry to analyse the relationship between the internal control index and enterprise growth. Further, it verifies the research conclusion using multiple regression analysis that the improvement of internal control quality can play a positive role in promoting the growth of automobile manufacturing enterprises.

China's economic growth has been heavily driven by its agriculture-related industries. This growth has been attributed to several factors, including government policies, technological advancements, and changing consumer preferences. This research aims to shed light on the underlying mechanisms that have enabled agriculture-related listed companies to thrive in China's rapidly evolving economic landscape. Specifically, this study examines the role of the institutional environment, diversification strategy, and Confucian culture in the growth of these companies. Based on the institutional basic view theory, transaction cost theory, principal–agent theory, brand theory, and enterprise growth theory, this study uses empirical research to analyse the diversification strategy and growth of 204 agriculture-related listed companies from 2010 to 2019. The study selected companies listed as Class A in agriculture, forestry, animal husbandry, and fishery with complete data and more than three years of history. The selection also covered those whose income from agriculture accounted for more than 50% of the total in 2021, or those with the highest income related to agriculture accounting for over 30% of the total income. The collected data is analysed with SPSS and Stata. The results showed that the formal institutional environment significantly suppresses the diversification strategy of agriculture-related listed companies, while the Confucian culture in the informal institutional environment significantly promotes it. The interaction between the formal and informal institutional environments has a complementary effect on the choice of diversification strategy. The study also finds that diversification strategy significantly suppresses the growth of agriculture-related listed companies, and the formal institutional environment has a more significant inhibitory effect on the diversification strategy of agriculture-related listed companies. In the informal institutional environment, Confucian culture plays a more significant role in promoting the diversification strategy of agriculture-related listed companies. The output of this study is an empirical investigation of the level of institutional setting and diversity production, which could aid in sustainable development and revitalisation of rural communities. Applying the results of this study could help managers anticipate future policy changes and adjust their strategies accordingly, while also assisting companies in developing new products and services that meet changing demand. [ABSTRACT FROM AUTHOR]

Innovation is a crucial factor for hidden champions to gain a competitive edge and foster organizational growth. This study focuses on Chinese-listed hidden champion firms between 2010 and 2019 and examines the impact of innovation heterogeneity on their growth. The study explores the impact of different types of innovation, including overall innovation, product innovation, and process innovation, and their interaction effects on the growth of hidden champions. The study also investigates the mediating role of the degree of specialization, which refers to the extent to which a firm focuses on a particular area of expertise. Furthermore, the potential of blockchain technology in advancing a sustainable energy future is becoming increasingly apparent. By enabling the creation of decentralized energy markets, blockchain can facilitate the integration of renewable energy sources, such as solar and wind power, into the grid. This can help to reduce carbon emissions and promote the transition to a low-carbon economy. The results of the study indicate that innovation, including overall innovation, product innovation, and process innovation, is significant for hidden champions’ growth. Moreover, the study reveals that product innovation and process innovation have complementary effects on the growth of hidden champions. The degree of specialization also plays a mediating role between different types of innovation and hidden champions’ growth. The results of this study provide empirical evidence to improve the growth of hidden champions from the perspective of enterprise innovation. By focusing on different types of innovation and understanding their complementary effects, firms can develop a more comprehensive innovation strategy that can enhance their growth potential. Moreover, the mediating role of degree of specialization highlights the importance of aligning innovation efforts with a firm’s core competencies to achieve sustained growth. This study contributes to the literature on hidden champions by shedding light on their innovation strategies and their impact on firm growth.

Realizing the sustainable innovation growth of enterprises is one of the important research directions of management science. Traditional enterprise growth innovation methods cannot effectively estimate the emotional tendency of online public opinion (PO), and they cannot guide the effective growth of enterprises. For this reason, This paper proposes an enterprise growth innovation technology based on the evolutionary game (EG) model of sustainable development and deep learning (DL). Firstly, by obtaining the game payment matrix between network users and enterprises, combined with the deep neural network model, the PO evolution model of the enterprise growth network was constructed and solved. Then, a convolutional neural network (CNN) model was used to extract sequence features from global information, and a gated recurrent unit (GRU) was used to consider the context. A DL network model based on CNN–GRU was proposed. Finally, by introducing the EG model, a stable strategy was generated through the dynamic adjustment of the whole system, which improved the accuracy of online PO judgment. Through simulation experiments, the enterprise growth innovation method proposed in this paper was compared with the other three methods. The results show that the accuracy, precision, recall, and f1 value of this method are 92.21%, 89.33%, 91.86%, and 91.64%, respectively, which are better than the other three methods. This method is of great significance for promoting enterprise innovation technology and sustainable development of enterprises. [ABSTRACT FROM AUTHOR]

While sizeable research have been carried out on the role of diaspora remittances on economic growth and other social-economic factors, not many studies have linked diaspora remittances and entrepreneurship development. Even studies that have linked diaspora remittances and entrepreneurship development excluded the role of renewable energy investment. This is in spite of the argument that renewable energy is major channel by which entrepreneurship activities can lead to job creation as a result of increase in demand in the a competitive market. This study examined the impact of diaspora remittances and renewable energy investment while allowing for change in enterprise growth in Nigeria from 1990 to 2020. The study reported three main findings. Firstly, diaspora remittances have positive relationship with enterprise growth but lack significance in all forms. Secondly, renewable energy has positive relationship with enterprise growth but lost its significance at all levels. Again, the marginal impact of diaspora remittances on enterprise growth is not increasing with the level of renewable energy development adopted. This implies that diaspora remittances have not contributed to improved enterprise growth in Nigeria because the phenomenon is not expended on renewable energy development.

In the context of digitalization, business model innovation has become a key way for enterprises to obtain competitive advantages. However, many small and medium-sized enterprises (SMEs) still do not know how to effectively realize business model innovation. Exploring the factors affecting the realization of business model innovation or the effective path to promote business model innovation in SMEs has become a hot topic of research. Exogenous growth theory points out that network ties have become an important way for SMEs to obtain external resources and promote enterprise growth. However, the existing research ignores the impact of network ties on the SMEs’ business model innovation. Focusing on this theoretical gap, this study constructs a “network ties - business model innovation - enterprise growth” model to explore the influence mechanism of five network ties of SMEs: customer ties, supplier ties, competitor ties, political ties, and knowledge ties on business model innovation and enterprise growth. Based on a questionnaire survey of 234 SMEs in Chengdu, China, the research hypothesis was tested using PLS-SEM and fsQCA. The PLS-SME results show that the customers, suppliers, competitors, and knowledge ties of SMEs have a significant positive effect on business model innovation, and business model innovation has a significant positive effect on enterprise growth. In addition, business model innovation plays a mediating role between supplier ties, competitor ties, knowledge ties, and enterprise growth. The fsQCA results show that three paths lead to high-level business model innovation of SMEs, among which customer ties, supplier ties, competition ties, and knowledge ties are the necessary conditions, and three paths lead to high-level growth of SMEs, among which business model innovation is the most core necessary condition. The conclusion of this study not only enriches the relevant research on social network theory and business model innovation but also provides practical insights for SME managers to use network ties to realize business model innovation and promote enterprise growth.

The development of the new consumption field is crucial to China's sustained economic growth at this stage, and it is also of significance to catch-up economies in a shift period of economic growth in order to achieve a breakthrough in development. From a micro perspective, relying on propensity score matching and the difference-in-differences method, this paper is the first study to examine the impact of financial support policies on the growth of new consumer enterprises by using the data of A-share-listed enterprises from 2012 to 2021 and to systematically explore this impact mechanism on the basis of the heterogeneity of property rights and regions. The results show the following: First, the implementation of financial support policies is beneficial to catalyse both current growth and the growth potential of new consumer enterprises. Second, financial support policies play a role in the allocation of credit resources for new consumer enterprises and promote their growth by improving credit supply. Third, financial support policies have a more obvious effect on the growth of non-state-owned new consumer enterprises than those that are state-owned, and they play a greater role in promoting the growth of new consumer enterprises in the northern region than that in the southern region. Our conclusions provide a theoretical reference and path reference for achieving targeted assistance for new consumer enterprises and accelerating the sustainable development of the new consumption field. [ABSTRACT FROM AUTHOR]

Copyright of Studies in Law & Economics / Studia Prawno-Ekonomiczne is the property of Lodz Scientific Society / Lodzkie Towarzystwo Naukowe and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Purpose – In today’s competitive global market, Vietnamese enterprises are faced with highly competitive rivals, including not only domestic corporations but now multinational corporations as well. The role of human resources and their constant innovation are considered significant factors in supporting the survival and continued growth of Vietnamese enterprises. In this new era, HR management is required to promote and strive for innovative development and disseminate its implementation within enterprises. Aim(s) – This empirical study examined the role of human resources practices (training and development (TD), leadership skills (LS), compensation and benefits (CB) and talent acquisition (TA)) and the mediating effect of innovative capacity (IC) that leads to the improvement of the growth of Vietnamese enterprises (EG). Design/methodology/approach – The empirical research study used questionnaires for data collection and the rest of the study was conducted using quantitative analysis on 398 suitable samples utilizing the convenience technique and the findings and conclusions of the outcome study using exploratory factor analysis (EFA), confirmatory factor analysis (CFA), and structural equation modelling (SEM). Findings – The findings showed that the mediating role of IC greatly and positively impacted enterprise growth (EG). Meanwhile, TA strongly impacted on IC towards EG. The second strongest factor affecting IC towards EG was CB. The third strongest factor affecting IC towards EG was LS. The fourth strongest factor affecting IC was TD. Additionally, the supporting factors in human resources practices (TD, LS, CB, TA) and the mediating role of IC have a great positive influence on EG. Limitations of the Study and Future Research- Due to the time and the financial term, the research has many limitations in this study. Firstly, the researcher only collected data from around HCMC, meaning that there is a need to widen the collection in Vietnam to have a full snapshot of the HR knowledge and innovation capacity for enterprise development. Secondly, there is a lack of comparison. In the future, further studies should study individual industries to reference and compare the different outcomes of research. From these outcomes, the solutions will be relevant for HR strategies for Vietnamese enterprises. Lastly, there is a limitation in the factors studied. Future research could study additional factors such as salary, motivation factor, etc., to develop and enrich the study model. Practical implications – The role of HR management and innovative capacity are the crucial factors that affect the enterprise growth. Therefore, Vietnamese enterprises should reference, practise and apply this valued knowledge to support their overall change to survive, adapt and develop within the new era. Originality/value – The results have also indicated that the administrators of Vietnamese enterprises in Ho Chi Minh City have good perception in applying HR practices and improving innovative capacity, which will support enterprise growth. The outcome of the study will contribute valuable knowledge to the field of human resources and contribute to further research.

While sizeable research have been carried out on the role of diaspora remittances on economic growth and other social-economic factors, not many studies have linked diaspora remittances and entrepreneurship development. Even studies that have linked diaspora remittances and entrepreneurship development excluded the role of renewable energy investment. This is in spite of the argument that renewable energy is major channel by which entrepreneurship activities can lead to job creation as a result of increase in demand in the a competitive market. This study examined the impact of diaspora remittances and renewable energy investment while allowing for change in enterprise growth in Nigeria from 1990 to 2020. The study reported three main findings. Firstly, diaspora remittances have positive relationship with enterprise growth but lack significance in all forms. Secondly, renewable energy has positive relationship with enterprise growth but lost its significance at all levels. Again, the marginal impact of diaspora remittances on enterprise growth is not increasing with the level of renewable energy development adopted. This implies that diaspora remittances have not contributed to improved enterprise growth in Nigeria because the phenomenon is not expended on renewable energy development. [ABSTRACT FROM AUTHOR]

This study examined how enterprise growth factors affect the return on venture capital investment for enterprises listed on Chinese Growth Enterprise Market (GEM). Using a sample of 235 venture capital backed enterprises listed on Chinese GEM over three years, we collected data from each company's prospectus and listing documents. We also collected data from Chinese QINGKE Research Center Database. We found that (1) three growth factors (profitability, operational capability and innovation capability) were positively associated with venture capital return. (2) Both the composite growth indicator and the optimized composite growth indicator are positively related to venture capital return. The theoretical and practical implications are discussed. [ABSTRACT FROM AUTHOR]

Copyright of Ekonomia Międzynarodowa is the property of Wydawnictwo Uniwersytetu Lodzkiego and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

In recent years, network attention based on the effect of Internet traffic has played an increasingly obvious role in promoting the development of enterprises. This paper matches the data of China's A-share listed companies from 2011 to 2019 with the Internet search index, and empirically analyzes the impact of network attention on enterprise growth from the perspective of enterprise life cycle. The research results show that the increase in network attention can significantly promote the growth of enterprises. However, from the perspective of enterprise life cycle, the effect of Internet traffic on the promotion of enterprise growth is only significant in the growth period. At the same time, the effect of network attention on the growth of enterprises shows heterogeneous effects by enterprise types, geographical characteristics and industries. Further research shows that alleviating early financing constraints and reducing corporate defaults are intermediary channels through which network attention affects corporate growth. Enterprises should actively integrate into the business model bred by the Internet and promote corporate growth with the help of network attention spillover effects. [ABSTRACT FROM AUTHOR]

• Environmental pollution has an inverted U-shaped impact on enterprise growth. • The interaction between green finance and environmental pollution can promote enterprise growth in neighboring regions. • Market competition can regulate the inverted U-shaped relationship between environmental pollution and enterprise growth. This study empirically examines the impact of environmental pollution on enterprise growth using data from the Chinese Enterprise Database and the Environmental Pollution Database. Results revealed (1) an inverted U-shaped impact of environmental pollution on enterprise growth. (2)After Furthermore, adding an interaction term between green finance and environmental pollution could significantly promote enterprise growth in the target and neighboring regions. (3) Market competition was found to moderate the inverted U-shaped relation between environmental pollution and enterprise growth. (4) Additionally, this relation was more pronounced in regions with lower levels of financial development. [ABSTRACT FROM AUTHOR]

The research methodology starts from the calculation of the coefficient for each individual company in order to obtain the indicators by calculating the arithmetic mean, median and quartile. As econometric stochastic models have little value for predicting or explaining the growth process at the level of individual companies, the central subject of interest is understanding the growth process at the level of an individual company. The sustainable growth rate of a company depends on the activity of the company. Numerous factors can affect the growth of a company, but the influence of individual factors on the growth of a company is rarely significant and permanent. The results of the research indicate a very asymmetric distribution of the size of enterprises, with a small number of large enterprises and a large number of small enterprises. The model of sustainable growth is an effective tool for financial planning and directing business policy towards stimulating growth in certain industries.

During the past forty years of reform and opening up, China's private economy has made remarkable strides. This paper introduces start-up organizational processes into the study of elite mobility in emerging markets, exploring the relationship between the social origins of entrepreneurs and their entrepreneurial outcomes. Our research finds that the initial scale, growth rate and current size of enterprises established by elite entrepreneurs are larger than those of grassroots entrepreneurs. With the deepening of economic reform and the growth of the private economy, the social origins of large business owners generally tend to be elitist and the scale advantage of the enterprises set up by elite entrepreneurs, especially endogenous or inside-track entrepreneurs, is ever more striking. The expansion of such enterprises' superior position is mainly due to their initial advantages of scale; after the start-up period, the advantage conferred by their pace of growth does not increase synchronously. In order to promote the further development of the private economy and release its innovative potential, it is necessary to give full play to the government's function of regulating market operations and correcting market failure, and thus actively creating a good business environment. [ABSTRACT FROM AUTHOR]

The purpose of this qualitative multiple-case study was to explore the experiences of small and medium enterprise (SME) owner-managers in Nigeria to gain an in-depth understanding of their leadership style and its implication for the long-term performance and growth of their enterprises. The conceptual framework was anchored in two key concepts: leadership styles and leadership in SMEs, with the full range leadership model as the theoretical foundation. The research question sought to explore SME owners-managers' experiences regarding leadership styles and their implications for the longterm success of their enterprises. Interview data were collected from six SME owner-managers who employ fewer than 200 persons within the manufacturing, education, and trading sectors. The cross-case synthesis technique was used for data analysis, which allowed for within-case analysis and cross-case comparisons. This study showed that Nigerian SME owner-managers do not follow any specific leadership style. They exhibited a few characteristics of transformational and transactional leadership behaviors, leaning more toward transactional leadership. This study has significance for positive social change by providing insights into how leadership styles can improve Nigerian SMEs' performance and sustainability, thus increasing their capacity to create employment. [ABSTRACT FROM AUTHOR]

Copyright of Acta Economica is the property of University of Banja Luka, Faculty of Economics and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Vie et Sciences de l'Entreprise is the property of ANDESE and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study intends to examine the impact of selling expense structure on the business growth of 255 Vietnamese large-scale enterprises in three different industries (Consumer Staples, Industrials, and Manufacture) listed on the Vietnamese Stock Exchange over four years from 2015 to 2018. By using STATA software (StataCorp LLC, 4905 Lakeway Drive, College Station, Texas 77845-4512, USA), the research outcomes indicate that both labour expense and depreciation expense have a negative influence on revenue growth and firm size growth but positive influence on profit growth while materials and tools expenses negatively affect all three dependent variables. Furthermore, an increase in the proportion of outsourcing expenses and other selling expenses would result in a significant increase in revenue but a decline in the profit of these companies. From this research results, large-scale enterprises should consider changing the selling expense structure as they spend too much on outsourcing and other selling expenses (60%-70% total selling expense) but too little on labour, which plays an important role in upgrading the profitability of these enterprises. [ABSTRACT FROM AUTHOR]

This study examines the relationship between complexity behavior and enterprise growth in savings and credit cooperatives (SACCOs) in Uganda. A cross-sectional survey was conducted in the four regions of Uganda, using a mixed method approach. Primary data was collected using a self-administered questionnaire from 269 SACCOs in Uganda. Zero-order correlation, regression analysis, and structural equation modeling techniques were used to analyze the data. The study findings indicate a positive and significant relationship between complexity behavior and enterprise growth in SACCOs in Uganda. Furthermore, the dimensions of complexity behavior (self-organizing, adaptive behavior, and networking) are found to be positively and significantly correlated with enterprise growth in SACCOs in Uganda. This research focuses on the role of complexity behavior in promoting enterprise growth in a developing economy.

Copyright of Tourism Tribune / Lvyou Xuekan is the property of Tourism Institute of Beijing Union University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Technological innovation is an important factor in the growth of private enterprises, and technological innovation requires strong financial support. How to use financial tools to promote research and development (R&D) input at private enterprises has become an urgent issue. This article analyzes the influence of provincial and prefectural financial agglomeration and R&D input on the growth of private enterprises, using panel data on Chinese private enterprises in manufacturing from 2007 to 2015. We reached the following conclusions. First, the promotion of financial agglomeration and R&D input have a positive impact on the growth of private enterprises. Second, the impact of financial agglomeration on private enterprises is inversely related to the scale of private enterprises—that is, the larger the scale of enterprises, the smaller the impact of financial agglomeration on the growth of private enterprises. Third, financial agglomeration did not promote growth at private enterprises by increasing R&D input. Financial agglomeration can increase the absolute amount of R&D input; however, it will reduce the intensity of R&D input. Financial agglomeration, R&D input, and the growth of enterprises do not create their own virtuous circle, and they fail to provide financial support for technological innovation. [ABSTRACT FROM AUTHOR]

• Unveiling the growth mechanism of China's hidden champions. • Innovation, specialization, and digital transformation: insights for small and medium-sized enterprises. • Decoding the success factors of Chinese hidden champion enterprises. Upgrading China's manufacturing industry structure and attaining high-quality development requires promoting the specialized and innovative development of SMEs and developing ''Hidden champion'' businesses in specific fields. This study analyzes the development characteristics of 58 Chinese ''Hidden champion'' enterprises using fuzzy set qualitative comparison analysis and the TOE (technology, organization, environment) theoretical framework. The results provide four growth models of Chinese 'hidden champions', illustrating how numerous factors affect their success. This helps restructure and upgrade SMEs. [ABSTRACT FROM AUTHOR]

Objective: The objective of this paper is to investigate the mediating role of innovation legitimacy between corporate reputation and enterprise growth. Research Design & Methods: Four hypotheses were formulated and tested in to achieve the research objective. We collected data from 191 enterprises in 16 provinces in China. In total, 300 enterprises were selected to participate in this study. Descriptive analyses showed that the valid data covered a wide range of samples in terms of enterprise types and sizes, industries, market positions and years of establishment. The data was analysed by regression analysis. Findings: The results of this research suggest that corporate reputation has significant positive relationship with enterprise growth. This positive relationship was found through all pathways tested. This means that brand image, social responsibility, innovation capability and staff quality are all important to enterprise growth. Similar effects were found for innovation legitimacy on enterprise growth, indicating that legitimacy is an important theoretical perspective in understanding how businesses could develop in various important aspects. Implications & Recommendations: Legitimacy is an important theoretical framework in understanding the complex relationships between corporate reputation and enterprise growth, especially from the innovation perspective. Future research may look into these results in other contexts and further pursue the legitimacy perspective in understanding corporate reputation and enterprise growth. Contribution & Value Added: This research contributes towards understanding the mediating effects of innovation legitimacy between corporate reputation and performance, especially in Chinese context.