The determinants of hidden champion enterprises: Evidence from China

Chunyang Zhang, Zhihui Duan and Xin Liu

Finance Research Letters, 2023, vol. 58, issue PD

Abstract: 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.

Keywords: Hidden champion enterprises; Enterprise growth; Innovative digital economy (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pd:s1544612323010310

DOI: 10.1016/j.frl.2023.104659

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