Intangible assets and determinants of firm growth in China

Gavin Reid, Julia Smith, Zhibin Xu

Research output: Contribution to conferencePaper

Abstract

This paper reports on field work within Chinese small firms, aimed at acquiring data to measure the impact of intangible assets on firm growth. We extend a size - and age - based model to define growth as a function of size, age, entrepreneurship and intangible assets. We use statistical analysis to create measures of entrepreneurship and intangible assets from these data. Intangibles are classified into six categories: human capital; enterprise culture, intellectual property; technology; reputation; and network. Finally, we estimate models of small firm employment growth using our new measures. For our sample, we find that entrepreneurial attributes have little significant impact on small firm growth; whereas intangible asset attributes have a positive and significant impact on growth, with networking and technological knowledge being of prime importance.

Conference

ConferenceBritish Accounting & Finance Association (BAFA) Annual Conference 2017
CountryUnited Kingdom
CityEdinburgh
Period10/04/1712/04/17
Internet address

Fingerprint

China
Intangible assets
Firm growth
Small firms
Entrepreneurship
Intangibles
Enterprise culture
Intellectual property
Employment growth
Human capital
Networking
Technological knowledge
Statistical analysis

Keywords

  • China
  • chinese small firms
  • small firm employment

Cite this

Reid, G., Smith, J., & Xu, Z. (2017). Intangible assets and determinants of firm growth in China. Paper presented at British Accounting & Finance Association (BAFA) Annual Conference 2017, Edinburgh, United Kingdom.
Reid, Gavin ; Smith, Julia ; Xu, Zhibin. / Intangible assets and determinants of firm growth in China. Paper presented at British Accounting & Finance Association (BAFA) Annual Conference 2017, Edinburgh, United Kingdom.35 p.
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Reid, G, Smith, J & Xu, Z 2017, 'Intangible assets and determinants of firm growth in China' Paper presented at British Accounting & Finance Association (BAFA) Annual Conference 2017, Edinburgh, United Kingdom, 10/04/17 - 12/04/17, .

Intangible assets and determinants of firm growth in China. / Reid, Gavin; Smith, Julia; Xu, Zhibin.

2017. Paper presented at British Accounting & Finance Association (BAFA) Annual Conference 2017, Edinburgh, United Kingdom.

Research output: Contribution to conferencePaper

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AB - This paper reports on field work within Chinese small firms, aimed at acquiring data to measure the impact of intangible assets on firm growth. We extend a size - and age - based model to define growth as a function of size, age, entrepreneurship and intangible assets. We use statistical analysis to create measures of entrepreneurship and intangible assets from these data. Intangibles are classified into six categories: human capital; enterprise culture, intellectual property; technology; reputation; and network. Finally, we estimate models of small firm employment growth using our new measures. For our sample, we find that entrepreneurial attributes have little significant impact on small firm growth; whereas intangible asset attributes have a positive and significant impact on growth, with networking and technological knowledge being of prime importance.

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KW - chinese small firms

KW - small firm employment

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Reid G, Smith J, Xu Z. Intangible assets and determinants of firm growth in China. 2017. Paper presented at British Accounting & Finance Association (BAFA) Annual Conference 2017, Edinburgh, United Kingdom.