Proceedings of the 2023 3rd International Conference on Enterprise Management and Economic Development (ICEMED 2023)

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The Impact of Unicorns on Urban Economic Development

Authors
Wei Wu1, *
1Jinshen College, Nanjing Audit University, No. 100, Xianlin Avenue, Qixia District, Nanjing, 210000, China
*Corresponding author. Email: 19551996802@163.com
Corresponding Author
Wei Wu
Available Online 23 August 2023.
DOI
10.2991/978-94-6463-224-8_10How to use a DOI?
Keywords
unicorn enterprises; regional economic development; empirical analysis; GDP; total market value
Abstract

In recent years, China’s unicorn enterprises, as a representative of the new economy, are developing rapidly, and have become an important indicator to measure the urban innovation environment and economic development. This paper selects Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou and other cities as cases, based on the understanding of unicorn enterprises from, the viewpoint of empirical research, selects the relevant financial data of listed unicorn enterprises from 2017–2021 to explore the impact of the total market value of unicorn enterprises on regional economic development. It is determined that the effect of company market value on local GDP per capita has a strong positive association. This conclusion shows that the total market value of listed unicorns can indeed measure the development degree of a regional economy to some extent, and provides some reference suggestions for the subsequent development of unicorn enterprises according to the conclusion.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 3rd International Conference on Enterprise Management and Economic Development (ICEMED 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
23 August 2023
ISBN
978-94-6463-224-8
ISSN
2352-5428
DOI
10.2991/978-94-6463-224-8_10How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Wei Wu
PY  - 2023
DA  - 2023/08/23
TI  - The Impact of Unicorns on Urban Economic Development
BT  - Proceedings of the 2023 3rd International Conference on Enterprise Management and Economic Development (ICEMED 2023)
PB  - Atlantis Press
SP  - 67
EP  - 74
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-224-8_10
DO  - 10.2991/978-94-6463-224-8_10
ID  - Wu2023
ER  -