Developments in Chinese Entrepreneurship Key Issues and Challenges

Developments in Chinese Entrepreneurship offers empirical evidence from cutting-edge research into the experiences and challenges of entrepreneurial activities and small business issues within China. As a leading emerging country, the entrepreneurial land

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10.1057/9781137412508 - Developments in Chinese Entrepreneurship, Edited by Douglas Cumming, Michael Firth, Wenxuan Hou and Edward Lee

Copyright material from www.palgraveconnect.com - licensed to The Chinese University of Hong Kong - PalgraveConnect - 2016-01-14

D e v e l opm e n t s i n Ch i n e se En t r e p r e n e u r sh i p

10.1057/9781137412508 - Developments in Chinese Entrepreneurship, Edited by Douglas Cumming, Michael Firth, Wenxuan Hou and Edward Lee

Copyright material from www.palgraveconnect.com - licensed to The Chinese University of Hong Kong - PalgraveConnect - 2016-01-14

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K e y Is su e s a n d Ch a ll e ng e s

Edited by Douglas Cumming, Michael Firth, Wenxuan Hou, and Edward Lee

10.1057/9781137412508 - Developments in Chinese Entrepreneurship, Edited by Douglas Cumming, Michael Firth, Wenxuan Hou and Edward Lee

Copyright material from www.palgraveconnect.com - licensed to The Chinese University of Hong Kong - PalgraveConnect - 2016-01-14

D e v e lopm e n t s i n Ch i n e se En t r e p r e n e u r sh i p

developments in chinese entrepreneurship

Copyright © Douglas Cumming, Michael Firth, Wenxuan Hou, and Edward Lee, 2015. First published in 2015 by PALGRAVE MACMILLAN® in the United States—­a division of St. Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Where this book is distributed in the UK, Europe and the rest of the world, this is by Palgrave Macmillan, a division of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN: 978–1–137–41249–2 Library of Congress Cataloging-in-Publication Data    Developments in Chinese entrepreneurship : key issues and challenges / edited by Douglas Cumming, Michael Firth, Wenxuan Hou, Edward Lee.     pages cm    Includes bibliographical references and index.    ISBN 978–1–137–41249–2 (hardback)    1. Entrepreneurship—China. 2. Small business—China. 3. Small business—China—Finance. I. Cumming, Douglas. HB615.D487 2015 3389.040951—dc23

2014048436

A catalogue record of the book is available from the British Library. Design by Newgen Knowledge Works (P) Ltd., Chennai, India. First edition: June 2015 10  9  8  7  6  5  4  3  2  1

10.1057/9781137412508 - Developments in Chinese Entrepreneurship, Edited by Douglas Cumming, Michael Firth, Wenxuan Hou and Edward Lee

Copyright material from www.palgraveconnect.com - licensed to The Chinese University of Hong Kong - PalgraveConnect - 2016-01-14

All rights reserved.

List of Figures and Tables

vii

Introduction Douglas Cumming, Michael Firth, Wenxuan Hou, and Edward Lee

xi

One

1

Entrepreneurship in China: Progress and Challenges David Ahlstrom and Zhujun Ding

Two Overcoming the Innovation Challenge: Examining the Determina