scholarly journals Computer and Information Technology, Firm Growth, and Industrial Restructuring: Evidence from Manufacturing in the People's Republic of China

2018 ◽  
Vol 35 (1) ◽  
pp. 133-154 ◽  
Author(s):  
Guangjun Shen
Keyword(s):  
Information Technology ◽  
Firm Growth ◽  
Industrial Structure ◽  
Manufacturing Sector ◽  
Industrial Restructuring ◽  
People’S Republic Of China ◽  
People's Republic Of China ◽  
Firm Level ◽  
Data Set ◽  
Republic Of China

Computer and information technology is considered one of the most powerful engines of modern growth, but more empirical evidence is needed to quantify its impacts. This paper studies the role of computer and information technology in industrial restructuring by observing structural change in the manufacturing sector in the People's Republic of China using a large firm-level data set. Computer and information technology is found to boost changes in industrial structure substantially. This paper also identifies faster and higher-quality growth of firms as the underlying channel through which computer use can improve industrial structure. Firms using computers grow faster, spend more on research and development, and enjoy greater productivity.

scholarly journals Venture Capital Investment and the Post-IPO Performance of Entrepreneurial Firms: Evidence from the People's Republic of China

2015 ◽  
Vol 32 (1) ◽  
pp. 113-141 ◽  
Author(s):  
Di Guo ◽  
Kun Jiang ◽  
Xiaoting Mai
Keyword(s):  
Venture Capital ◽  
Initial Public Offering ◽  
Capital Investment ◽  
Panel Data Analysis ◽  
People’S Republic Of China ◽  
Entrepreneurial Firms ◽  
People's Republic Of China ◽  
Firm Level ◽  
Republic Of China ◽  
Ipo Performance

We examine the effects of venture capital (VC) investment on the performance (measured by return on assets, return on equity, and Tobin's Q) and growth (measured by growth of total sales and total number of employees) of entrepreneurial firms in the People's Republic of China (PRC) after an initial public offering (IPO). Firm-level panel data analysis shows that VC investment contributes to the long-term performance and growth of entrepreneurial firms after an IPO. Meanwhile, we observe a significant and positive relationship between corporate governance of firms and VC investment. However, we do not find that experience or specialization of VC firms influences the effects of venture investment on post-IPO performance or growth of entrepreneurial firms in the PRC.

Roads to innovation: Firm-level evidence from People's Republic of China (PRC)

2018 ◽  
Vol 49 ◽  
pp. 154-170 ◽  
Author(s):  
Xu Wang ◽  
Zhuan Xie ◽  
Xiaobo Zhang ◽  
Yiping Huang
Keyword(s):  
People’S Republic Of China ◽  
People's Republic Of China ◽  
Firm Level ◽  
Republic Of China

scholarly journals Foreign Firms and Indigenous Technology Development in the People's Republic of China

2013 ◽  
Vol 30 (2) ◽  
pp. 49-75 ◽  
Author(s):  
Fredrik Sjöholm ◽  
Nannan Lundin
Keyword(s):  
Multinational Firms ◽  
Technology Development ◽  
Manufacturing Sector ◽  
Foreign Firms ◽  
People’S Republic Of China ◽  
People's Republic Of China ◽  
Chinese Firms ◽  
Republic Of China ◽  
The Impact ◽  
Local Firms

The People's Republic of China (PRC) is currently promoting indigenous technology development through support of Chinese firms and, arguably, by restricting operations of foreign multinational firms. This policy seems to overlook the impact of foreign firms on technology development in local firms. For instance, technology might leak out to local firms though spillovers. Moreover, competition from foreign firms might force local firms to engage in technology development. We examine the impact of foreign direct investment (FDI) on technology development in the PRC. We start by surveying a large and growing literature on FDI and spillovers in the country. Most previous studies find evidence of positive spillovers. We then continue to examine the effect of FDI on competition in the Chinese manufacturing sector and the effect of competition on firms’ research and development (R&D). Our analysis is conducted on a large dataset including all large- and medium-sized Chinese firms over the period 1998–2004. Our results show that FDI increases competition but there are no strong indications of competition affecting investments in R&D.

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