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Research On Growth Of Small-and-medium-sized Enterprises In Hubei Province

Posted on:2004-03-17Degree:MasterType:Thesis
Country:ChinaCandidate:D Y LuFull Text:PDF
GTID:2156360095960814Subject:Agricultural Economics and Management
Abstract/Summary:PDF Full Text Request
Research on enterprise's growth is an old cosmopolitan question for discussion. Small-and-medium-sized enterprises (SMEs) play irreplaceable roles in strengthening competitive vigor, extending employments, adding countrymen incomes, accelerating economic growth, adjusting industrial structures, promoting technical innovations, expanding exports and enlarging revenue sources. Especially the growing SMEs are playing a piloting role in the whole SMEs. On the whole the growth rate of SMEs in Hubei province is low and the gap is widening and its potential growth is huge. It is of significance to research on affecting factors of SMEs' growth and put forward some effective countermeasures in Hubei province.The thesis analyzes the growth of SMEs and its cause of formation and puts forward measures in Hubei province,by using some theories of enterprise management, corporation economics, enterprise management, self-organization theory, human capital theory and institution economics, from SMEs colony s point of view, adopting positive and normative researches, quantitative and qualitative analysis, and analyzing SMEs sample data provided by Hubei Province Statistical Bureau by means Multiple stepwise regression analysis, comparative mean and ANOVA by SPSS.SMEs growth means the integrated characteristics of quantitative change, qualitative change, speed, phase, direction and path. The core issue of enterprise is sustainable growth, and enterprise is supposed a long-run-benefit-maximum nexus of contracts. The thesis analyzes the dynamic mechanism, existent and evolution mechanism, path dependence mechanism and self-organization mechanism, then formulating modeles of sustaining growth from view of benefit-in-stake and slow variables.According to requirements of benefit-in-stakes and sustaining growth, its comparative principle and objectivity, we choose the sale growth ratio and net asset growth ratio as a quantitative index of estimating the growth of SMEs in Hubei province. The findings shows sale growth ratio is 9.1 percent and net asset growth ratio is -21.4 percent, which displays an obvious fluctuation, randomicity and convergence.The sources of growth shows that the growth ratio of revenue, the growth ratio of matterial cost, the growth ratio of net profit ratio for sale and the growth ratio of gross asset contribute evidently to the growth ratio of sale, otherwise the proportion of interest in sale contributes reversely. And the growth ratio of gross asset contributesevidently, but the ratio of debt in asset contributes reversely. ANOVA shows that enterprise institution (including enterprise institution changes, property rights, governance) plays a restricted stimulative role in SMEsgrowth. Manager's ability plays an obviously stimulative role in the growth ratio of sale, and does a little in the growth ratio of net asset. General manager's educational level and experience plays a little stimulative role in SMEs growth. Governmental support plays an obviously stimulative role in all SMEs growth, plays a slowdown role in the negative growth ratio of net asset. The appropriately loose managing environment plays an obviously stimulative role in SMEs growth, however, too loose or too intense is not in favor of enterprise growth. The main problems are low growth ratio, exquisite fluctuation, and low sustainable growth power, and weak concept, institution, human capital's support.The following countermeasures are put forward to improve the growth of SMEs in Hubei province. Firstly, an idea of sustainable growth should be build up. Secondly, origin property rights should be transparent and appropriately collected , induced institutional changes on family enterprise, property rights and governance structure should be boosted. Thirdly, human capital accumulation should be accelerated, human capital property claims should be admitted, human capital should be optimized and recombined. Fourthly, new conception of risk should be renewed, risk system improved and feasible risk strategies taken.
Keywords/Search Tags:SMEs, Gowth, Self-organization, Enterprise Institution, Human Capital, Hubei Province
PDF Full Text Request
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