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dc.contributor.advisorReid, Gavin C.
dc.contributor.authorXu, Zhibin
dc.description.abstractThe thesis focuses on those factors which affect firm growth in the setting of the Chinese transition economy, such as size, age, entrepreneurship, resources, and environment. As regards the complexity of the business expansion mechanism, an interdisciplinary approach combining the fields of economics and management is adopted. Using fieldwork methods, new data were gathered in face-to-face interviews with 83 owner-managers of the Chinese privately owned firms in P. R. China in 2004, as well as in follow-up telephone interviews in 2006. The unique body of qualitative and quantitative data in terms of firm operation, human resources management, finance, technology and innovation, enterprise culture and competitive environment, were collected by a specially designed survey instrument, and enabled a number of new hypotheses to be tested in both economic and managerial aspects. With respect to the modern developments of Gibrat’s Law (1931) and Jovanovic’s Learning Theory (1982) in economics, the effects of two “stylized factors”, namely size and age, along with a vector of firm-specific, environmental and selection bias variables, on firm growth, were examined in Heckman’s (1979) two-step selection model with the correction for sample selection bias and heteroscedasticity. The results indicated that the “stylized facts” that smaller and younger firms grew faster were also valid in the setting of China. This thesis also explored managerial factors contributing to firm growth – viz. entrepreneurship theory, resource-based view in strategic management, and contingency theory in organizational behaviour. A variety of statistical methods were utilized to operationalize entrepreneurial orientation (EO), intangible assets (IA), and contingency factors (e.g. structure, environment, strategy, etc), and econometric models were estimated to examine their relationship with firm dynamics. The evidence suggested that IA might be more capable of facilitating firm growth than EO. However, when both were disaggregated into a lower level of attributes, the influences on growth may vary. Further, contingency theory, originally proposed for the case of larger firms in the west, was also validated in this study on the Chinese sampled firm. The combination of organizational forms and contingency configurations presented a higher power to explain business expansion. It implied that “the good fit” of contingency factors influenced firm dynamics only in a moderate way, whereas “the badness of fit” in configuration could engender either the highest or lowest firm growth, subject to their organizational structures.en
dc.format.extent5357382 bytes
dc.publisherUniversity of St Andrews
dc.rightsCreative Commons Attribution 3.0 Unported
dc.subjectFirm growthen
dc.subjectIntangible assetsen
dc.subjectContingency theoryen
dc.subject.lcshBusiness enterprises--Chinaen
dc.subject.lcshBusiness enterprises--Chinaen
dc.subject.lcshBusiness enterprises--China--Growthen
dc.subject.lcshIntangible property--Chinaen
dc.subject.lcshContingency theory (Management)en
dc.titleFactors which affect the dynamics of privately-owned Chinese firms: an interdisciplinary empirical evaluationen
dc.type.qualificationnamePhD Doctor of Philosophyen
dc.publisher.institutionThe University of St Andrewsen
dc.rights.embargodateElectronic copy restricted until 2nd May 2021en_US
dc.rights.embargoreasonThesis restricted in accordance with University regulationsen_US

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Creative Commons Attribution 3.0 Unported
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