LISTED COMPANY INCUBATION IN CHINA’S ETHNIC AREAS
LISTED COMPANY INCUBATION IN CHINA’S ETHNIC AREAS
Junfang Sun
Soochow University
Copyright © 2024 by Cayley Nielson Press, Inc.
ISBN: 978-1-957274-19-5
Cayley Nielson Press Scholarly Monograph Series Book Code No.: 214-9-1
US$185.50
Preface
Ethnic areas have long been the main battlefield for China’s fight against poverty, due to their history, culture, resource endowment and geographic environment. The Communist Party of China and the State have always attached great importance to the development of ethnic minorities and ethnic areas. With the joint efforts of all ethnic groups, ethnic areas have achieved a complete victory in the fight against poverty in 2020. Listed companies, as the mainstay of the capital market, are an indispensable force in poverty alleviation. As China enters the post-2020 poverty alleviation era, listed companies will certainly play an important role in consolidating the achievements of poverty alleviation and promoting the comprehensive rural revitalization. However, the development of listed companies in ethnic areas has consistently lagged behind that of other regions in China. The central government has repeatedly emphasized in different occasions; the capital market should pay attention to arrangements for listing companies in ethnic areas. Incubation network, which is different from traditional incubator, connecting all kinds of innovation subjects in the form of network, has become more and more prominent in incubation of listed companies.
This study first analyzes the status of socio-economic development in ethnic areas. Then it utilizes incubation network theory to analyze the incubation mechanism of listed companies in ethnic areas, and summarizes the incubation models of listed companies in ethnic areas. The empirical research analyzes the incubation effects of listed companies in ethnic areas, ultimately providing theoretical and empirical support for proposing development strategies of listed companies in ethnic areas.
Junfang Sun
Soochow University
Suzhou, Jiangsu, China
July 22, 2024
Contents
Chapter 1. Introduction 1
1.1 Research Background 1
1.2 Research Content and Methods 4
1.2.1 Research Content 4
1.2.2 Research Methods 6
1.3 Research Innovations 7
Chapter 2. Poverty Alleviation in Ethnic Areas 8
2.1 Definition of Relevant Concepts 8
2.1.1 Ethnic Areas 8
2.1.2 Poverty Line Standard 12
2.2 Overview of Development in Ethnic Areas 16
2.2.1 Economic Aggregate 17
2.2.2 Industrial Structure 23
2.2.3 Demographic Structure 29
2.2.4 Urban and Rural Incomes 36
2.2.5 Education, Science and Technology 39
2.3 Significance of Poverty Alleviation in Ethnic Areas 44
2.4 Process of Poverty Alleviation in Ethnic Areas 47
2.4.1 The Relief-type Poverty Alleviation Phase (1949-1977) 48
2.4.2 The Institutional Reform-promoted Poverty Alleviation Phase (1978-1985) 54
2.4.3 The Development-oriented Poverty Alleviation Phase (1986-1993) 58
2.4.4 The “Seven-year Plan” Poverty Alleviation Phase (1994-2000) 62
2.4.5 The “Whole-village Promotion” Poverty Alleviation Phase (2001-2010) 66
2.4.6 The Targeted Poverty Alleviation Phase (2011-2020) 70
2.4.7 The “Post-2020” era of Poverty Alleviation 75
2.5 Performance Evaluation of Listed Companies’ Participation in Poverty Alleviation 78
2.5.1 Theoretical Basis and Research Hypotheses 80
2.5.2 Research Design 85
2.5.3 Empirical Analysis 89
Chapter 3. Overview of Listed Companies in Ethnic Areas 98
3.1 Definition of Listed Companies in Ethnic Areas 99
3.2 Development Status of Listed Companies in Ethnic Areas 102
3.2.1 Overview of Capital Markets in Ethnic Areas 103
3.2.2 Number of Listed Companies in Ethnic Areas 105
3.2.3 Scale of Listed Companies in Ethnic Areas 111
3.2.4 Market Capitalization of Listed Companies in Ethnic Areas 115
3.2.5 Industry Distribution of Listed Companies in Ethnic Areas 119
3.2.6 Ownership Attributes of Listed Companies in Ethnic Areas 124
3.2.7 R&D Investment of Listed Companies in Ethnic Areas 126
3.3 Financial Performance of Listed Companies in Ethnic Areas 130
3.3.1 Factor Analysis 130
3.3.2 Theil index Analysis 135
Chapter 4. Literature Review on Incubation Network 143
4.1 Definition of Incubation Network 144
4.2 Research on the Origin of Incubation Network 148
4.2.1 Explanation by Economic Theory 148
4.2.2 Explanation by Management Theory 151
4.3 Research on the Evolutionary of Incubation Network 155
4.3.1 Predecessor of Incubation Network 156
4.3.2 Generation Period of Incubation Network 159
4.3.3 Growth Period of Incubation Network 163
4.3.4 Maturity Period of Incubation Network 165
4.4 Research on of the Mechanism of Incubation Network 167
4.4.1 The Mechanisms of Incubation Network on Companies 167
4.4.2 The Mechanisms of Incubation Network on Industries 170
4.4.3 The Mechanisms of Incubation Network on Regions 172
4.5 Research on Performance Evaluation of Incubation Network 174
4.5.1 Evaluation Indicators of Incubation Performance 175
4.5.2 Influencing Factors of Incubation Performance 179
4.6 Research on Risk of Incubation Network 186
Chapter 5: Development History of Incubation Network in Ethnic Areas 190
5.1 Development Stages of Incubation Network in China 191
5.1.1 Preparation Stage (1978-1986) 192
5.1.2 Exploration Stage (1987-1999) 195
5.1.3 Start-up Stage (2000-2013) 202
5.1.4 Promotion Stage (2014-present) 217
5.2 Overview of Incubation Network in Ethnic Areas 230
5.2.1 Development Status of Incubation Network in Ethnic Areas 231
5.2.2 Characteristics of Incubation Network in Ethnic Areas 252
Chapter 6: Empirical Study on Incubation Effects of Listed Companies in Ethnic Areas 257
6.1 Research Design 258
6.2 Overview of Venture Capital in Ethnic Areas 260
6.3 Theoretical Basis and Research Hypotheses 264
6.3.1 Theoretical Basis 264
6.3.2 Research Hypotheses 268
6.4 Sample Selection and Variable Definition 271
6.4.1 Sample Selection and Data Sources 271
6.4.2 Definition of Variables 272
6.4.3 Descriptive Statistics 275
6.5 Empirical Analysis 277
6.5.1 Model Building 277
6.5.2 Regression Analysis 279
6.5.3 Robustness Test 282
6.5.4 Moderating Effects of Institutional Environment 284
6.6 Summary 285
Chapter 7 Development Strategy of Listed Companies in Ethnic Areas 290
7.1 Improve the Internal Relationship of Incubation Network 291
7.1.1 Promote the Construction of Incubation Carrier 291
7.1.2 Enhance the Company’s Ability for High-quality Development 294
7.1.3 Deepen the Symbiotic Relationship between Incubation Carriers and Companies 297
7.2 Expand the External Resources of Incubation Network 299
7.2.1 Promote the Development of Capital Market 299
7.2.2 Promote the Integration of Industry-university-research-application 302
7.2.3 Utilize the Bridging Role of Intermediary Service Organizations 304
7.3 Promote Synergistic Development of Incubation Network 306
7.3.1 Promote Synergistic Development of Internal and External Networks 306
7.3.2 Promote Synergistic Development of Regional Incubation Networks 308
7.4 Research Prospect 311
References 313
Readership
This book should be useful for students, scientists, engineers and professionals working in the areas of optoelectronic packaging, photonic devices, semiconductor technology, materials science, polymer science, electrical and electronics engineering. This book could be used for one semester course on adhesives for photonics packaging designed for both undergraduate and graduate engineering students.
