The Influencing Factors in the Entry of China’s Private Enterprises to Strategic Emerging Industries

Abstract

This paper explores the factors in the entry of China's private enterprises to strategic emerging industries by the panel data of high and new technology industry from 2008 to 2011. Results show that some factors,including the enterprises scale of the industry,the funds of RD,the export delivery value and the government's power of controlling the industry,have a negative influence on the entry of private enterprises to strategic emerging industries,while the number of RD staff has a positive influence. The level of competition in the industries have no impact on the entry. Base on the empirical results,this paper suggests to enhance the ratio of private enterprises in competitive industries,prevent larger companies from monopolizing,increase the RD investment of private enterprises,and adjust the allocations of industry and policy resources.