The Ownership, Innovation, and Sustainable Development of Micro and Small Enterprises

Evidence of China

Bibliographic Data

ID3241867
AuthorsFuzhong Chen (0000-0001-9116-3304, University of International Business and Economics, corresponding author), Haifeng Li (0000-0002-2534-2299, Yamaguchi University), Huini Wei (University of International Business and Economics), Wani Nelson (University of International Business and Economics)
Year2022
Volume12
Issue4
Publication date2022-10-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueSAGE Open (JOURNAL)
Journal identifiersISSN: 2158-2440 • E-ISSN: 2158-2440
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/21582440221134516
OpenAlexW4308569969
LanguageEN
Citations received2
References cited52

This study aims to examine the impacts of ownership and innovation on the sustainable development of micro and small enterprises (MSEs). Using the dataset from the 2015 China Micro and Small Enterprise Survey, this study divides the ownership of MSEs into state ownership, collective ownership, private ownership, and foreign ownership. In this study, the sustainable development of MSEs is measured by four sets of variables, sustainable operation, sustainable profitability from operations, sustainable profit input, and sustainable production or operation input. The Result suggests negative associations between the ownership of state-owned enterprises as well as collective-owned enterprises and MSEs' sustainable development. Furthermore, public ownership also negatively contributes to MSEs' sustainable development. Concerning the ownership of non-public-owned enterprises, while private ownership enables MSEs to develop sustainably, foreign ownership is not conducive to MSEs' sustainable development. Besides, the result also indicates that innovation positively contributes to the sustainable development of MSEs. Moreover, this study offers implications for policymakers to take measures in promoting reform of mixed ownership as well as innovation to enhance MSEs' sustainable development

Business · China · Economics · Emerging markets · Foreign direct investment · Foreign ownership · Industrial organization · Market economy · Profitability index · Public ownership · State ownership · Sustainability · Sustainable development · Corporate Finance and Governance · Corporate Social Responsibility Reporting · Entrepreneurship Studies and Influences · Finance

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Open DOIOpen Access