Proceedings of the 5th International Conference on Economic Management and Model Engineering, ICEMME 2023, November 17–19, 2023, Beijing, China

Research Article

Research on the Impact of the Development of Listed Companies on Economic Growth-An Empirical Analysis Based on Chinese Data

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  • @INPROCEEDINGS{10.4108/eai.17-11-2023.2342661,
        author={Muya  Zhang},
        title={Research on the Impact of the Development of Listed Companies on Economic Growth-An Empirical Analysis Based on Chinese Data},
        proceedings={Proceedings of the 5th International Conference on Economic Management and Model Engineering, ICEMME 2023, November 17--19, 2023, Beijing, China},
        publisher={EAI},
        proceedings_a={ICEMME},
        year={2024},
        month={2},
        keywords={listed companies; economic growth; linear regression model; robustness test; heterogeneity analysis},
        doi={10.4108/eai.17-11-2023.2342661}
    }
    
  • Muya Zhang
    Year: 2024
    Research on the Impact of the Development of Listed Companies on Economic Growth-An Empirical Analysis Based on Chinese Data
    ICEMME
    EAI
    DOI: 10.4108/eai.17-11-2023.2342661
Muya Zhang1,*
  • 1: Youlead Education Technology Co., Ltd
*Contact email: zhangmuya372@gmail.com

Abstract

It is crucial to research the elements that have influenced China's economic development. Based on data from the National Bureau of Statistics of China (NBSC) from 1990 to 2021, this study uses a univariate linear regression model to examine the effect of listed company development on economic growth. To conduct a robustness test, the study uses the number of listed companies on the Shenzhen Stock Exchange (SZSE) rather than the number of listed companies on the Shanghai Stock Exchange (SSE), and it analyzes heterogeneity from various time-frame perspectives. The following are the paper's findings: 1. Economic growth in China is positively impacted by the rise of listed companies. 2. Chinese listed firms had the most effects on economic growth between 2001 and 2008. 3. The tertiary industry, gross capital creation, and net exports of goods and services are all significantly impacted by the growth of listed businesses. 4. The expansion of listed corporations that issue both A and B shares has the biggest influence on the economy. 5. The expansion of listed corporations that trade both A and B shares has the biggest influence on the economy. 6. The most important factor fostering economic progress is the establishment of listed corporations that simultaneously issue A and B shares.