SMEs Crucial Cruxes A Perspective from the IPO Failures of GEM

摘要：

GEM1 provides an important financing channel and a selection mechanism for the growth enterprises. Only those that meet some certain standards such as continuous profitability and growth capability can go public on GEM. In this paper, we sum up the IPO failures of GEM to analyze why they didnt successfully go public on GEM. And by this means, we try to find out the existing crucial cruxes of Chinas SMEs2. We come to the conclusion that being short of continuous profitability and growth capability is the main crux of Chinas SMEs. Based on this conclusion, we give some suggestions at the end of this paper.

作者: Li Zhou Xia Tang

作者单位: School of Economics Beijing Technology and Business University Beijing China

会议类型: 国际会议

会议名称: International Conference on Management and Service Science(2011年第五届管理与服务科学国际会议 MASS 2011)

会议地点: 武汉

会议语种:英文

页码: 1-4

在线出版日期: 2011-08-12（万方平台首次上网日期，不代表论文的发表时间）