Skip to main content

Advertisement

SpringerLink
Log in

Entrepreneurship and High-Quality Development of Enterprises—Empirical Research Based on Chinese-Listed Companies

  • Published:
Journal of the Knowledge Economy Aims and scope Submit manuscript

Abstract

This paper deeply discusses the far-reaching influence, function, and internal mechanisms of entrepreneurship in promoting the development of high-quality economies by taking a-share listed companies in Chongqing and Chengdu from 2015 to 2022. In order to quantify the impact of entrepreneurship, this paper adopts a comprehensive index, which is constructed by the principal component analysis method and supplemented by total factor productivity as a strict robustness test. These paper’s findings emphasize the key role of entrepreneurship in promoting China’s rapid economic growth and show that entrepreneurs can realize the extraordinary development of enterprises by using internal control and directing a large amount of investments to R&D. This could lay the foundation for high-quality growth, which is becoming more and more important in the face of economic uncertainties. Our research is an indispensable resource for policymakers and entrepreneurs in China, providing them with valuable insights and strategies to meet the complex challenges in the process of pursuing high-quality economic development. In the changing economic environment, a subtle understanding the role of entrepreneurs could promote future economic growth and innovation of China.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

Data Availability

Not applicable.

References

  • Arteaga, R., & Hyland, J. (2013). Pivot: How top entrepreneurs adapt and change course to find ultimate success. John Wiley & Sons.

  • Ban, Q. (2022). The quality of corporate social responsibility information disclosure and enterprise innovation: Evidence from Chinese listed companies. Sustainability, 15(1), 238. https://doi.org/10.3390/su15010238

    Article  Google Scholar 

  • Baumgartner, R. J., & Rauter, R. (2017). Strategic perspectives of corporate sustainability management to develop a sustainable organization. Journal of Cleaner Production, 140, 81–92. https://doi.org/10.1016/j.jclepro.2016.04.146

    Article  Google Scholar 

  • Bilal, A. R., & Fatima, T. (2022). Deliberate practice and individual entrepreneurial orientation training retention: A multi-wave field experiment. European Journal of Work and Organizational Psychology, 31(3), 352–366. https://doi.org/10.1080/1359432X.2021.1989675

    Article  Google Scholar 

  • Brixy, U., Sternberg, R., & Stüber, H. (2012). The selectiveness of the entrepreneurial process. Journal of Small Business Management, 50(1), 105–131.

    Article  Google Scholar 

  • Brown, R., & Mason, C. (2017). Looking inside the spiky bits: A critical review and conceptualisation of entrepreneurial ecosystems. Small Business Economics, 49, 11–30.

    Article  Google Scholar 

  • Chen, Y., Zhu, M., Lu, J., Zhou, Q., & Ma, W. (2020). Evaluation of ecological city and analysis of obstacle factors under the background of high-quality development: Taking cities in the Yellow River Basin as examples. Ecological Indicators, 118, 106771. https://doi.org/10.1016/j.ecolind.2020.106771

    Article  Google Scholar 

  • Cui, T., & Zhang, J. (2018). Bibliometric and review of the research on circular economy through the evolution of Chinese public policy. Scientometrics, 116(2), 1013–1037. https://doi.org/10.1007/s11192-018-2782-y

    Article  Google Scholar 

  • Dicke, T., Parker, P. D., Marsh, H. W., Kunter, M., Schmeck, A., & Leutner, D. (2014). Self-efficacy in classroom management, classroom disturbances, and emotional exhaustion: A moderated mediation analysis of teacher candidates. Journal of Educational Psychology, 106(2), 569.

    Article  Google Scholar 

  • Dong, Z., & Zhang, Z. (2022). Does the business environment improve the sustainable development of enterprises? Sustainability, 14(20), 13499. https://doi.org/10.3390/su142013499

    Article  Google Scholar 

  • Fan, F., Lian, H., & Wang, S. (2020). Can regional collaborative innovation improve innovation efficiency? An empirical study of Chinese cities. Growth and Change, 51(1), 440–463. https://doi.org/10.1111/grow.12346

    Article  Google Scholar 

  • Fang, Z., Yang, C., & Song, X. (2022). Construction of influencing factor model for high-quality green development of Chinese industrial enterprises. Frontiers in Environmental Science, 10, 1006224. https://doi.org/10.3389/fenvs.2022.1006224

    Article  Google Scholar 

  • Flynn, B. B., Schroeder, R. G., & Sakakibara, S. (1994). A framework for quality management research and an associated measurement instrument. Journal of Operations Management, 11(4), 339–366. https://doi.org/10.1016/S0272-6963(97)90004-8

    Article  Google Scholar 

  • Fuertes-Callen, Y., & Cuellar-Fernandez, B. (2019). Inter-Relationship between Firm Growth and Profitability in a Context of Economic Crisis. https://doi.org/10.3846/jbem.2019.6928

    Article  Google Scholar 

  • Gelard, P., & Saleh, K. E. (2011). Impact of some contextual factors on entrepreneurial intention of university students. African Journal of Business Management, 5(26), 10707. https://doi.org/10.1016/S0272-6963(97)90004-8

    Article  Google Scholar 

  • Gu, W., Wang, J., Hua, X., & Liu, Z. (2021). Entrepreneurship and high-quality economic development: Based on the triple bottom line of sustainable development. International Entrepreneurship and Management Journal, 17, 1–27. https://doi.org/10.1007/s11365-020-00684-9

    Article  Google Scholar 

  • He, C., Lu, J., & Qian, H. (2019). Entrepreneurship in China. Small Business Economics, 52, 563–572.

    Article  Google Scholar 

  • Hechavarría, D. M., Terjesen, S. A., Ingram, A. E., Renko, M., Justo, R., & Elam, A. (2017). Taking care of business: The impact of culture and gender on entrepreneurs’ blended value creation goals. Small Business Economics, 48, 225–257. https://doi.org/10.1007/s11187-016-9747-4

    Article  Google Scholar 

  • Hu, S., & Yang, H. (2022). The correlation between enterprise internal control quality and research and development investment intensity. Computational Intelligence and Neuroscience. https://doi.org/10.1155/2022/1788142

  • Huang, Y., An, L., Wang, J., Chen, Y., Wang, S., & Wang, P. (2021). The role of entrepreneurship policy in college students’ entrepreneurial intention: The intermediary role of entrepreneurial practice and entrepreneurial spirit. Frontiers in Psychology, 12, 585698. https://doi.org/10.3389/fpsyg.2021.585698

    Article  Google Scholar 

  • Kandade, K., Samara, G., Parada, M. J., & Dawson, A. (2021). From family successors to successful business leaders: A qualitative study of how high-quality relationships develop in family businesses. Journal of Family Business Strategy, 12(2), 100334. https://doi.org/10.1016/j.jfbs.2019.100334

    Article  Google Scholar 

  • Kasseeah, H. (2016). Investigating the impact of entrepreneurship on economic development: A regional analysis. Journal of Small Business and Enterprise Development, 23(3), 896–916. https://doi.org/10.1108/JSBED-09-2015-0130

    Article  Google Scholar 

  • Luo, G., Guo, J., Yang, F., & Wang, C. (2023). Environmental regulation, green innovation and high-quality development of enterprise: Evidence from China. Journal of Cleaner Production, 418, 138112. https://doi.org/10.1016/j.jclepro.2023.138112

    Article  Google Scholar 

  • Malecki, E. J. (2018). Entrepreneurship and entrepreneurial ecosystems. Geography Compass, 12(3), e12359. https://doi.org/10.1111/gec3.12359

    Article  Google Scholar 

  • Manisera, M., van der Kooij, A. J., & Dusseldorp, E. (2010). Identifying the component structure of satisfaction scales by nonlinear principal components analysis. Quality Technology and Quantitative Management, 7(2), 97–115. https://doi.org/10.1080/16843703.2010.11673222

    Article  Google Scholar 

  • Mays, N., Pope, C., & Popay, J. (2005). Systematically reviewing qualitative and quantitative evidence to inform management and policy-making in the health field. Journal of Health Services Research & Policy, 10(1_suppl), 6–20. https://doi.org/10.1258/1355819054308576

    Article  Google Scholar 

  • McMullen, J. S., & Dimov, D. (2013). Time and the entrepreneurial journey: The problems and promise of studying entrepreneurship as a process. Journal of Management Studies, 50(8), 1481–1512.

    Article  Google Scholar 

  • Mei, H., Ma, Z., Jiao, S., Chen, X., Lv, X., & Zhan, Z. (2017). The sustainable personality in entrepreneurship: The relationship between big six personality, entrepreneurial self-efficacy, and entrepreneurial intention in the Chinese context. Sustainability, 9(9), 1649. https://doi.org/10.3390/su9091649

    Article  Google Scholar 

  • Padilla-Angulo, L. (2019). Student associations and entrepreneurial intentions. Studies in Higher Education, 44(1), 45–58. https://doi.org/10.1080/03075079.2017.1336215

    Article  Google Scholar 

  • Pan, W., Wang, J., Lu, Z., Liu, Y., & Li, Y. (2021). High-quality development in China: Measurement system, spatial pattern, and improvement paths. Habitat International, 118, 102458. https://doi.org/10.1016/j.habitatint.2021.102458

    Article  Google Scholar 

  • Peng, B., Sheng, X., & Wei, G. (2020). Does environmental protection promote economic development? From the perspective of coupling coordination between environmental protection and economic development. Environmental Science and Pollution Research, 27, 39135–39148.

    Article  Google Scholar 

  • Phillips, W., Lee, H., Ghobadian, A., O’regan, N., & James, P. (2015). Social innovation and social entrepreneurship: A systematic review. Group & Organization Management, 40(3), 428–461.

    Article  Google Scholar 

  • Reeves, M., & Deimler, M. (2012). Adaptability: The new competitive advantage. Own the Future: 50 Ways to Win from the Boston Consulting Group, 19–26. https://doi.org/10.1002/9781119204084.ch2.

  • Rusu, V. D., & Roman, A. (2021). The role of entrepreneurial performance in supporting economic development of countries: An empirical approach. Entrepreneurship Research Journal, 0, 20200445. https://doi.org/10.1515/erj-2020-0445

  • Salimath, M. S., & Cullen, J. B. (2010). International Journal of Organizational Analysis, 18(3), 358–385. https://doi.org/10.1108/19348831011062175

  • Schmitz, A., Urbano, D., Guerrero, M., & Dandolini, G. A. (2017). Activities related to innovation and entrepreneurship in the academic setting: A literature review. Entrepreneurial Universities: Exploring the Academic and Innovative Dimensions of Entrepreneurship in Higher Education, 1–17.

  • Schot, J., & Steinmueller, W. E. (2018). Three frames for innovation policy: R&D, systems of innovation and transformative change. Research Policy, 47(9), 1554–1567. https://doi.org/10.1016/j.respol.2018.08.011

    Article  Google Scholar 

  • Sun, X., Fang, S., & Zhang, S. (2021). High-quality economic development in Huaihe economic zone level measurement and evaluation. Journal of Mathematics, 2021, 1–16. https://doi.org/10.1155/2021/6615884

    Article  Google Scholar 

  • Wang, K.-L., Sun, T.-T., & Xu, R.-Y. (2023). The impact of artificial intelligence on total factor productivity: Empirical evidence from China’s manufacturing enterprises. Economic Change and Restructuring, 56(2), 1113–1146. https://doi.org/10.1007/s10644-022-09467-4

    Article  Google Scholar 

  • Xue, Y., Jiang, C., Guo, Y., Liu, J., Wu, H., & Hao, Y. (2022). Corporate social responsibility and high-quality development: Do green innovation, environmental investment and corporate governance matter? Emerging Markets Finance and Trade, 58(11), 3191–3214. https://doi.org/10.1080/1540496X.2022.2034616

    Article  Google Scholar 

  • Yuan, B., & Cao, X. (2022). Do corporate social responsibility practices contribute to green innovation? The mediating role of green dynamic capability. Technology in Society, 68, 101868. https://doi.org/10.1016/j.techsoc.2022.101868

    Article  Google Scholar 

  • Zheng, W., & Fen, Y. (2023). The digital economy and the green and high-quality development of the industry—A study on the mechanism of action and regional heterogeneity. Environmental Science and Pollution Research, 30(19), 55846–55863.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Economics and Management, University of Science and Technology Beijing, Beijing, China

    Tannek Marcel & Obina Ayele Reve Yanick

  2. Department of Economics and Management, Center for Appearance Research, University of Science and Technology Beijing, Beijing, China

    Zhang Zenglian

  3. Department of Economics and Management, Universite d’Antsiranana, Antsiranana, Madagascar

    Bezafy Paulin

Authors
  1. Tannek Marcel
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Zhang Zenglian
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Obina Ayele Reve Yanick
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Bezafy Paulin
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Tannek Marcel.

Ethics declarations

Competing Interest

The authors declare no competing interests.

Additional information

Publisher's Note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Rights and permissions

Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Marcel, T., Zenglian, Z., Yanick, O.A.R. et al. Entrepreneurship and High-Quality Development of Enterprises—Empirical Research Based on Chinese-Listed Companies. J Knowl Econ (2024). https://doi.org/10.1007/s13132-024-01922-z

Download citation

  • Received:

  • Accepted:

  • Published:

  • DOI: https://doi.org/10.1007/s13132-024-01922-z

Keywords

Search

Navigation