Current Core Competencies Trend of Small to Medium Enterprises (SMEs) in China—A Concurrent Comprehensive Evaluation and Active Learning Study of Newly Listed Chinese Stocks from 2015 through 2017

Xiaoping Du,Lelai Deng

doi:10.3390/data3030026

Abstract

With plenty of stocks newly listed in the Chinese stock market everyday, it becomes more and more important for managers and governess to examine the trend of core competencies for these companies. Since most companies of newly listed stocks are small to medium-sized enterprises, existing methods are not capable enough to evaluate their competitiveness. To provide an understanding for the trend of core competencies in the Chinese market, this article conducts a concurrent comprehensive evaluation and active learning methodology to analyze the newly listed stocks in SSE (Shanghai Stock Exchange Composite Index) and SZSE (Shenzhen Stock Exchange Component Index) from 2015 through 2017. There is an evidence that Number of Market Makers, Equity Financing Frequency and Executive Replacement Frequency are three main core competencies from 2015 through 2017. Authors contend that their findings in this paper question the quo of core competencies for small to medium-sized enterprises in the Chinese market.

Highlights

With the rapid development of Chinese economy, newly listed stocks are growing faster than ever before
To give an appropriate approach to understand trends nowadays in the Chinese market, especially small or medium enterprises (SMEs), this article uses comprehensive research methodology to identify the trend of core competencies in the Chinese market, processing more data than former researchers, At the same time, we mainly concentrated on the SMEs in SSE and SZSE
We can assume that the core competencies of SMEs is representative of the current Chinese market

Summary

Introduction

With the rapid development of Chinese economy, newly listed stocks are growing faster than ever before. In 2015, there were only about 1310 newly listed stocks in the SSE and SZSE. This number came to 13,395 in 2017. This increasing trend reveals a great change among related enterprises. Some paper claimed that evaluation models are personable approaches. This findings offer the Chinese Governor help with publishing policies more closely aligned with demands of markets. Enterprise managers can recognize the deficiencies of their enterprises based on the evaluation results and adjust their strategies. Banks and investors can select high-quality new companies based on the results of the evaluation to make more efficient investments or provide loans

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Methods

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Discussion

Conclusion