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

Tannek Marcel (), Zhang Zenglian, Obina Ayele Reve Yanick and Bezafy Paulin
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Tannek Marcel: University of Science and Technology Beijing
Zhang Zenglian: University of Science and Technology Beijing
Obina Ayele Reve Yanick: University of Science and Technology Beijing
Bezafy Paulin: Universite d’Antsiranana

Journal of the Knowledge Economy, 2024, vol. 15, issue 4, No 192, 20718-20744

Abstract: 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.

Keywords: Entrepreneurship; High-quality development; Innovation; China (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s13132-024-01922-z

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