Volume 9, Issue 6, December 2020, Page: 374-384
The Empirical Study on the Development of Listed Private Enterprises in Hubei Province
Kexin Wang, Business School, Manufacturing Industry Development Research Center on Wuhan City Circle, Jianghan University, Wuhan, China
Received: Sep. 28, 2020;       Accepted: Oct. 22, 2020;       Published: Nov. 11, 2020
DOI: 10.11648/j.ijber.20200906.11      View  29      Downloads  17
Abstract
In recent years, with the deepening of economic system reform, private enterprises have become an important force to promote the rapid development of Hubei economy. This article based on the research of 56 Hubei private enterprises listed in A-Share market, finding that the listed private enterprises in Hubei concentrate in developed areas, and most of them are labor-intensive enterprises. The overall scale of these enterprises is growing rapidly, but the profitability needs to be improved. The tax burden is not significantly reduced, and many factors restrict the tax reduction policy; the overall financial situation is poor, and there are large differences among industries. Therefore, enterprises should speed up the upgrading and transformation to improve their market competitiveness. The government should carefully study and formulate incentive and support policies suitable for different enterprises and industries, accelerate the development of listed private enterprises in Hubei Province, and at the same time continue to improve the tax system reform and optimize tax behavior, so as to further reduce the tax burden of private enterprises.
Keywords
Hubei, Listed Private Enterprises, Development Ability
To cite this article
Kexin Wang, The Empirical Study on the Development of Listed Private Enterprises in Hubei Province, International Journal of Business and Economics Research. Vol. 9, No. 6, 2020, pp. 374-384. doi: 10.11648/j.ijber.20200906.11
Copyright
Copyright © 2020 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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