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Hunggay Fung - One of the best experts on this subject based on the ideXlab platform.

  • on the financial performance of Private Enterprises in china
    Journal of Developmental Entrepreneurship, 2007
    Co-Authors: Hunggay Fung, Xiaoqing Eleanor Xu, Qizi Zhang
    Abstract:

    Using the comprehensive 2000 and 2002 surveys of Chinese entrepreneurs conducted by the National Association of Private Entrepreneurs and the Chinese Academy of Social Sciences, we examine the characteristics and financial performance of Private Enterprises in China. Entrepreneurs, on average, are 40 years old and many are well-educated; more than one-third of them have a college degree or higher. Their companies are young, with an average age of six to seven years. Entrepreneurs contribute most of the equity capital to the Private firms, which in general, are profitable with an average return on assets of 16 percent in 2002 and 11 percent in 2000. Further empirical analysis demonstrates the important impact of social, financing and human capital on firms' financial performance. We find that social capital (measured by charitable contributions), financing capital (measured by the equity-to-total capital ratio), and human capital have significant effects on firm profitability, and younger entrepreneurs tend to be more successful in the new Chinese market economy.

  • china s social capital and financial performance of Private Enterprises
    Journal of Small Business and Enterprise Development, 2006
    Co-Authors: Qizi Zhang, Hunggay Fung
    Abstract:

    Purpose – This study aims to investigate the effects of social capital (defined as networks) on the performance of Chinese Private Enterprises.Design/methodology/approach – The paper employ an econometric model to test relationships between social capital and firm performance, using a sample of Private Enterprises in a survey in China in 2000.Findings – The analysis suggests two findings. First, memberships in various organizations do not appear to be significant in affecting the performance of Chinese Private Enterprises. Second, short‐time investment in, and the flow of, social capital are significant determinants of enterprise performance.Research limitations/implications – The study examines only the effects of the short‐time investment in social capital. Further research is suggested to examine the effects of long‐term investments in social capital, the relationship between short‐time investment and long‐time investment in social capital, and the network as a whole, including informal networks.Origin...

Qizi Zhang - One of the best experts on this subject based on the ideXlab platform.

  • on the financial performance of Private Enterprises in china
    Journal of Developmental Entrepreneurship, 2007
    Co-Authors: Hunggay Fung, Xiaoqing Eleanor Xu, Qizi Zhang
    Abstract:

    Using the comprehensive 2000 and 2002 surveys of Chinese entrepreneurs conducted by the National Association of Private Entrepreneurs and the Chinese Academy of Social Sciences, we examine the characteristics and financial performance of Private Enterprises in China. Entrepreneurs, on average, are 40 years old and many are well-educated; more than one-third of them have a college degree or higher. Their companies are young, with an average age of six to seven years. Entrepreneurs contribute most of the equity capital to the Private firms, which in general, are profitable with an average return on assets of 16 percent in 2002 and 11 percent in 2000. Further empirical analysis demonstrates the important impact of social, financing and human capital on firms' financial performance. We find that social capital (measured by charitable contributions), financing capital (measured by the equity-to-total capital ratio), and human capital have significant effects on firm profitability, and younger entrepreneurs tend to be more successful in the new Chinese market economy.

  • china s social capital and financial performance of Private Enterprises
    Journal of Small Business and Enterprise Development, 2006
    Co-Authors: Qizi Zhang, Hunggay Fung
    Abstract:

    Purpose – This study aims to investigate the effects of social capital (defined as networks) on the performance of Chinese Private Enterprises.Design/methodology/approach – The paper employ an econometric model to test relationships between social capital and firm performance, using a sample of Private Enterprises in a survey in China in 2000.Findings – The analysis suggests two findings. First, memberships in various organizations do not appear to be significant in affecting the performance of Chinese Private Enterprises. Second, short‐time investment in, and the flow of, social capital are significant determinants of enterprise performance.Research limitations/implications – The study examines only the effects of the short‐time investment in social capital. Further research is suggested to examine the effects of long‐term investments in social capital, the relationship between short‐time investment and long‐time investment in social capital, and the network as a whole, including informal networks.Origin...

Lili Ke - One of the best experts on this subject based on the ideXlab platform.

Jia He - One of the best experts on this subject based on the ideXlab platform.

  • does giving lead to getting evidence from chinese Private Enterprises
    Journal of Business Ethics, 2010
    Co-Authors: Jun Su, Jia He
    Abstract:

    Enterprise philanthropy is practiced in a very unique and rudimentary form in China. Based on a unique random survey data on 3837 Chinese Private Enterprises conducted in 31 provinces of China in 2006, I find the significant positive relationship between enterprise philanthropy donation and enterprise profitability, and the result supports the political and institutional power view of enterprise philanthropy in the latest development of China. Simply put, Chinese Private Enterprises carried out philanthropy activities to better protect property rights and nurture political connections, which in turn, leads to better enterprise profitability. The result is even stronger in institutions weaker provinces.

  • Does giving lead to getting? Evidence from Chinese Private Enterprises
    Journal of Business Ethics, 2010
    Co-Authors: Jun Su, Jia He
    Abstract:

    Enterprise philanthropy is practiced in a very unique and rudimentary form in China. Based on a unique random survey data on 3837 Chinese Private Enterprises conducted in 31 provinces of China in 2006, I find the significant positive relationship between enterprise philanthropy donation and enterprise profitability, and the result supports the political and institutional power view of enterprise philanthropy in the latest development of China. Simply put, Chinese Private Enterprises carried out philanthropy activities to better protect property rights and nurture political connections, which in turn, leads to better enterprise profitability. The result is even stronger in institutions weaker provinces. © Springer Science+Business Media B.V. 2009.

Hugh Qing Wang - One of the best experts on this subject based on the ideXlab platform.

  • the impact of network relationships on internationalization process an empirical study of chinese Private Enterprises
    Asia Pacific Journal of Management, 2013
    Co-Authors: Gloria L Ge, Hugh Qing Wang
    Abstract:

    Chinese Private Enterprises have been internationalizing rapidly during the last two decades. This study adopts a network approach to examine what factors affect the internationalization process of Chinese Private Enterprises. Our survey of 108 Private Chinese Enterprises in the manufacturing sector in Zhejiang province in southeastern China revealed that business networks and personal networks affect the internationalization activities of Chinese Private Enterprises. Specifically, business networks have a positive impact on the timing of the first foreign market entry, the internationalization pace, and resource commitments, whereas personal networks have a positive impact on the internationalization pace and resource commitments, but not on the timing of the first foreign market entry. In this paper, we report our findings of our survey, discuss the contribution that this study makes to the existing internationalization literature, and suggest future research directions. Policy implications on how to facilitate the internationalization process are also discussed.