The Reason Analysis of Performance Polarization of Chinese GEM (Growth Enterprise Market) Listed Companies after the Listing

Abstract

Abstract:

This paper explores the mystery of performance polarization of 130 companies listed on GEM and finds that the polarization is caused mainly by authorization and incentives. When external environment changes rapidly, production technologies are complex and high skills are required, authorization and incentives can stimulate the potential and enthusiasm of staff, leading to a good corporate performance. When external environment does not change rapidly, production technologies are not complex and high skills are not required, authorization and incentives will increase enterprises' costs, leading to a poor corporate performance. Therefore, when the financial resources of GEM listed companies get to a certain level, they must allocate resources in a scientific and rational way and keep innovating in order to maintain high profits. To allocate effectively resources requires that human resource management should aim not only to keep development strategy in line with inter-enterprise systems, but also to match dynamic environment outside, forming a certain relationship model.

Key words: high-performance human resource management system, capacity of independent innovation, environment dynamic, enterprise performance

Xing Zhouling, Zhang Yichi, Wang Yiming. The Reason Analysis of Performance Polarization of Chinese GEM (Growth Enterprise Market) Listed Companies after the Listing[J]. , 2016, 28(4): 145-154.

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