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The Adoption of Certification Policy for Gazelle Enterprises in China: A Bottom‐Up Approach

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  • Lei Wang
  • Hui Song

Abstract

As a measure to cultivate innovative firms, a certification has been introduced and spread rapidly in many Chinese cities. We use data of Chinese prefecture‐level cities from 2008 to 2019 and investigate the causes of the adoption of the policy. Events such as term expirations (TEs) and cadres exchanges (CEs) are considered as potential internal causes, whereas pressure from peers and seniors is considered as potential external cause. A panel data model is used to analyze the causes of adoption. We find that, first, both TE and CE significantly promote adoption. Second, peer pressures significantly promote adoption but pressures from seniors do not. Third, TE significantly promotes adoption in northern China and CE significantly promotes adoption in southern China.

Suggested Citation

  • Lei Wang & Hui Song, 2025. "The Adoption of Certification Policy for Gazelle Enterprises in China: A Bottom‐Up Approach," Bulletin of Economic Research, Wiley Blackwell, vol. 77(3), pages 346-355, July.
    • Handle: RePEc:bla:buecrs:v:77:y:2025:i:3:p:346-355
    DOI: 10.1111/boer.12490
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    References listed on IDEAS

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    2. Gonzalez-Uribe, Juanita & Reyes, Santiago, 2021. "Identifying and boosting “gazelles” evidence from business accelerators," LSE Research Online Documents on Economics 103145, London School of Economics and Political Science, LSE Library.
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    4. Youlang Zhang & Xufeng Zhu, 2019. "Multiple mechanisms of policy diffusion in China," Public Management Review, Taylor & Francis Journals, vol. 21(4), pages 495-514, April.
    5. González-Uribe, Juanita & Reyes, Santiago, 2021. "Identifying and boosting “Gazelles”: Evidence from business accelerators," Journal of Financial Economics, Elsevier, vol. 139(1), pages 260-287.
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