Entrepreneurial human capital, equity concentration and firm performance: Evidence from companies listed on China's Growth Enterprise Market

被引：6
|
作者：
Hu, Jitao [1 ]
Hu, Longying [1 ]
Hu, Mingzhu [2 ]
Dnes, Antony [3 ]
机构：
[1] Harbin Inst Technol, Sch Management, Harbin, Peoples R China
[2] Harbin Inst Technol, Sch Management, Shenzhen, Peoples R China
[3] Barney Barnett Sch Business & Free Enterprise, Ctr Free Enterprise, Lakeland, FL USA
来源：
MANAGERIAL AND DECISION ECONOMICS | 2023年 / 44卷 / 01期
关键词：
OWNERSHIP CONCENTRATION; START-UPS; CORPORATE GOVERNANCE; FOUNDER; IMPACT; RESOURCES; SUCCESS; MANAGEMENT; FINANCE;
D O I：
10.1002/mde.3673
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this work, a sample of firms listed on China's Growth Enterprise Market (GEM) is employed to investigate the impact of human capital and equity concentration on firm performance. It shows that entrepreneurs' education level, industry experience and technical professional background have a positive impact on firm performance. Moreover, the higher the equity concentration, the better a firm's performance. Entrepreneurs with rich industry experience and a technical professional background tend to collect and condense equity, thereby increasing equity concentration. These findings reveal the relationship between entrepreneurial human capital and ownership concentration and enrich research on firm performance.
引用
收藏
页码：187 / 196
页数：10
相关论文
共 50 条
  • [21] Is China's agricultural enterprise growing steadily? Evidence from listed agricultural companies
    Lu, Yujia
    Chen, Yangfen
    CHINESE JOURNAL OF POPULATION RESOURCES AND ENVIRONMENT, 2021, 19 (02) : 87 - 96
  • [22] Venture Capital Certification and IPO Underpricing Evidence from China's Growth Enterprise Market
    Cao, Qilin
    Tang, Yingkai
    Yuan, Na
    CHINESE ECONOMY, 2013, 46 (06) : 50 - 66
  • [23] WORKING CAPITAL REQUIREMENTS AND FIRM PERFORMANCE - EVIDENCE FROM FIRMS LISTED ON THE VIETNAMESE STOCK MARKET
    Nhung Thi Tuyet Nguyen
    Loan Thi Bich Nguyen
    PROCEEDINGS OF THE 3RD INTERNATIONAL CONFERENCE ON FINANCE AND ECONOMICS 2016, 2016, : 491 - 501
  • [24] Empirical Research on the Market Reaction of Equity Incentives of China's Listed Companies
    Zhang Jian-gang
    Kang Hong
    Wang Zi-jun
    2010 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING (ICMSE), 2010, : 1303 - 1308
  • [25] Institutional Investors and the Cost of Equity Capital: Evidence from Chinese Listed Companies
    Lyu Xuan
    Zhang Bingshi
    PROCEEDINGS OF INTERNATIONAL SYMPOSIUM - MANAGEMENT, INNOVATION & DEVELOPMENT (MID2014), 2014, : 566 - 571
  • [26] Structure of Corporate Social Capital and Enterprise Performance: An Empirical Analysis on Listed Companies in China
    Teng Ying
    Chen Xiu
    PROCEEDINGS OF THE SEVENTH INTERNATIONAL SYMPOSIUM - CORPORATE GOVERNANCE, 2013, : 153 - 166
  • [27] Human Governance and Firm's Leverage Decision: Evidence from Malaysian Listed Companies
    Ting, Irene Wei Kiong
    Azizan, Noor Azlinna
    Kweh, Qian Long
    PERTANIKA JOURNAL OF SOCIAL SCIENCE AND HUMANITIES, 2014, 22 (03): : 879 - 890
  • [28] Capital market internationalization and equity financing costs: firm-level evidence from China
    Wang, Zhongzhao
    Liang, Quanxi
    Yang, Wen
    ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, 2018, 25 (3-4) : 330 - 351
  • [29] Executive Equity and Pay Incentives and Firm Performance-Based on GEM Listed Companies in China
    Zhang, Chen-lu
    2018 2ND INTERNATIONAL CONFERENCE ON ADVANCED EDUCATION AND MANAGEMENT SCIENCE (AEMS 2018), 2018,
  • [30] Correlation Analysis of the Capital Structure and Enterprise Value of China's Tourism Listed Companies
    Song, Zhenchun
    Lin, Xingwei
    PROCEEDINGS OF 2008 INTERNATIONAL SYMPOSIUM ON CHINA HOSPITALITY AND TOURISM MANAGEMENT, 2008, : 520 - 525
12345