Does public behavior and research development matters for economic growth in SMEs: Evidence from Chinese listed firms

Wuhao Zhou, Yuanlu Xu, Li Zhang and Huifang Lin

Economic Analysis and Policy, 2023, vol. 79, issue C, 107-119

Abstract: Previous studies have largely ignored the role of small and medium-sized businesses (SMEs) and instead concentrated on corporate social responsibility (CSR) in large corporations. In the developing Chinese economy, promoting responsible behavior​ among manufacturing SMEs has taken on greater significance. Using mixed-level probit regression and qualitative comparative analysis, this study examines data from Chinese SMEs between 2010 and 2018. Results show that worker productivity has a positive impact on how public spending and R&D spending are related. The study reveals a wide range of relationships between various SME categories. Results show that public spending and R&D significantly contribute to the economic expansion of Chinese SMEs. Pre-crisis financial flexibility, which has little impact on R&D employment flexibility during a crisis, also undermines the positive relationship between increased R&D flexibility and post-crisis business performance. These observations clarify how SMEs participate in international R&D and highlight opportunities and management challenges.

Keywords: Public behavior; Research and development; Economic growth; China; Mixed-level probit regression (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:79:y:2023:i:c:p:107-119

DOI: 10.1016/j.eap.2023.06.005

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