Financing Entrepreneurship And Innovation In China

Financing Entrepreneurship and Innovation in China provides an overview of the current state-of-affairs in the financing of private innovations in China. While country-level innovation can take many forms, the focus is on the funding of business start-ups and entrepreneurial ventures.

Financing Entrepreneurship and Innovation in China provides an overview of the current state-of-affairs in the financing of private innovations in China. While country-level innovation can take many forms, the focus is on the funding of business start-ups and entrepreneurial ventures. The monograph has four specific objectives: (1) to present an economic framework for evaluating the central challenges associated with the financing of entrepreneurial ventures in China, (2) to evaluate the relative size and importance of the channels through which private initiatives for innovation in China are currently being funded, (3) to survey the academic evidence on potential financing constraints currently facing private initiatives in innovation, and (4) to discuss public policy implications that may arise from these findings, as well as to outline the type of future research that may best inform Chinese policy makers. After the introduction, Section 2 begins with a review of the central economic themes in entrepreneurial finance. Section 3 reviews the channels through which external funding now reach entrepreneurs in China. Section 4 further explores the problems engendered by China's IPO regulations. Section 5 summarizes the findings, discusses policy implications, and explores potential venues for future research. The authors conclude that China's current IPO regulations represent a serious impediment to two important near-term goals espoused by the Chinese government - to bring more high-technology firms back to mainland stock markets, and to be included at a meaningful weight in international stock indices, particularly the MSCI Emerging Market Index.

This book provides an analysis of the existing economic dynamics and factors contributing to entrepreneurship in China. Featuring contributions from prominent authors such as Zoltan Acs and Jian Gao, it first poses a theoretical question of whether entrepreneurship exists in China and, if so, the extent and form it takes. This book also examines whether the nature of entrepreneurship in China differs from that elsewhere. Following this investigation, empirical tests and analyses focus on important issues such as: What is the special value of entrepreneurship in China? Does entrepreneurship in China drive economic growth like it does in other more market-oriented economies? What is entrepreneurship in China like? What is its history, nature, environment, and what are some of the underlying diversities or challenges it is facing? Assuming entrepreneurship in China is important to economic growth, how can public policy help to enhance the entrepreneurship milieu in China? Finally, based on the empirical findings and potential policy implications, future directions of investigation are suggested.

Master's Thesis from the year 2018 in the subject Business economics - Miscellaneous, grade: 2,0, University of Potsdam, language: English, abstract: With the rapid economic development in the past two decades, China has become the world second largest economy and has a profound influence on global economic development. In order to have a better understanding of the Chinese “economic miracle” and a future-oriented insight into Chinese economic growth, it is necessary for us to have a glance at the development of Chinese small and medium-sized companies (SMEs) and the driving force of their development: Innovation. Many scholars in China and Germany have carried out research on SME innovation. However, because of the differences in culture, economic environment, and SME development history etc., the development of SME innovation is also different, leading to dissimilar research directions. In this thesis, the author analyzes the articles, reports, surveys, books and other literature that was made in China in the past 20 years. All the literature and data are synthesized into three parts: the characteristics of China's SME innovation, the challenge of China's SME innovation and the opportunities of China's SME innovation. Based on literature analysis, the author summarizes the characteristics, challenges and opportunities into different points. This thesis also presents the most representative German research on SME innovation as a comparison to Chinese ones, and describes the similarities and differences between Chinese and German SMEs' innovation research, helping to find out the new direction of future research on SME innovation in China.

The Chinese economy has grown faster for a longer period than any other economy in the world. It is now the second, and will soon become the largest, global economy. This is an astonishing transformation of a country that in the late 1970s was one of the poorest in Asia. Central to this economic miracle has been the emergence of a private sector of entrepreneurs who have started and grown businesses of all sizes and types. This book explores these wealth creators and builders of China’s new economy, and offers guidance on the best ways to work with China’s entrepreneurs and their growing businesses. Entrepreneurship in China looks at the dynamic and changing nature of entrepreneurship, and the need for entrepreneurs to refine, adapt and evolve their approaches within an uncertain, fast-changing and volatile environment. This book examines the distinctive and particular context of China for entrepreneurs, and offers insights into how entrepreneurship has emerged as the driver of China’s economy. This book will benefit business people, policy makers and researchers seeking to understand Chinese entrepreneurship and offers guidance to practitioners interested in working with private Chinese businesses.

What drives innovation and entrepreneurship in India, China, and the United States? Our data-rich and evidence-based exploration of relationships among innovation, entrepreneurship, and economic growth yields theoretical models of economic growth in the context of macroeconomic factors. Because we know far too little about the key characteristics of Chinese and Indian entrepreneurs and the ways they innovate, our balanced, systematic comparison of entrepreneurship and innovation results in a new approach to looking at economic growth that can be used to model empirical data from other countries. The importance of innovation and entrepreneurship to any economy has been recognized since the pioneering work of Joseph Schumpeter. Our analysis of the major factors that affect innovation and entrepreneurship in these three parts of the world – US, China and India –provides a comprehensive view of their effects and their likely futures. Looks at elements important for innovation and entrepreneurship and compares them against each other within the three countries Places theoretical modeling of economic growth in the context of the overall macroeconomic factors Explores questions about the relationships among innovation, entrepreneurship and economic growth in China, India and the US

It is widely-believed that China's entrepreneur class has grown and their businesses are succeeding primarily due to their knowledge of the domestic market, quick adaptation to market changes, and their resourcefulness. But innovation? Forget about it. Well, not quite. Drawing on a wealth of on-the-ground stories and thorough research, Chinnovation: How Chinese Innovators Are Changing the World shows how Chinese companies of every stripe have dispelled this myth and overcome the barriers to successful, profitable innovation. How did Neil Shen, co-founder of CTRIP Capital China, see the opportunity for a Chinese travel site? How did Ray Zhang, CEO of Ehi, scale up one of the most innovative hybrid car-rental companies in China? How did Zhang Tao, CEO of Dianping, start a ZAGAT-inspired user-review site for restaurants and establish a continuous process of innovation? Yinglan Tan has spent more than five years learning the secrets of Chinese innovators, a fast-growing subculture playing key roles in China's transformative transition from "Made in China" to "Innovated in China." Learn: What is the path that an innovative Chinese private-owned enterprise take? How blue-chip innovators remix business models successfully in China? What are the capabilities that these innovative companies acquire? How they harness the necessary resources and navigate around legal restrictions? How do they attract, train and retain talent? How do these companies experiment with innovative approaches and also manage the risk of innovation? What are the lessons learnt and how would these entrepreneurial innovators advise others who are embarking on the same journey? China's rapid economic growth has made it a crucial market but multinational corporations are now competing with China's own homegrown businesses. Chinnovation: How Chinese Innovators Are Changing The World uncovers the common threads amongst Chinese entrepreneurs as they reach into a wider world.

Financing Entrepreneurship and Innovation in Emerging Markets offers an original perspective on the links between macro data on innovation, data on micro-entrepreneurial processes and venture capital supply. The authors synthesize two disparate fields of research and thinking—innovation and entrepreneurship and economics—to illuminate how domestic companies compete and the business environment in which entrepreneurial firms operate. Its broad scope and firm linkages between processes at different levels leapfrogs research topics. For those investigating entrepreneurship and innovation in the early stages of economic development, this book demonstrates how micro and macro foundations of productivity, and hence economic growth and development, are inextricably intertwined. Combines macro and micro perspectives on innovation processes Reveals how economic growth and development are inextricably intertwined Uses case studies to portray the entrepreneurial firm and its role in accelerating the speed of innovation and dissemination of new technologies Identifies common flaws undermining public venture programs, including poor design, a lack of understanding for the entrepreneurial process and implementation problems