Overcoming the Innovation Challenge: Examining the Determinants of New Product Innovation in Chinese SMEs



Since China began its opening-up and reform process over three decades ago the economic policies introduced by the government have led to a huge growth in the number of private small and medium-sized enterprises (SMEs) (Chen, Sun, Newman, & Xu, 2012). The SME sector has been a major driving force in the rapid development of the Chinese economy through contributions to innovation and productivity improvements (Newman, Gunessee, & Hilton, 2012). Presently, SMEs account for a significant proportion of economic activity and innovation output (Anderson, Li, Harrison, & Robson, 2003; Chen, 2006).


Ordinary Little Square Product Innovation Bank Loan Innovation Output Tobit Regression 
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© Douglas Cumming, Michael Firth, Wenxuan Hou, and Edward Lee 2015

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