Technological Progress and Employment Growth of Specialized, Specialized and New "Small Giants" Ente

(1) "Small Giant" designation significantly increases the size of firms' labor employment, and the results are robust;

(2) The effect is more pronounced in private firms, key industries with a higher density of "small giants", more competitive industries, and regions with low levels of regional innovation;

(3) The "Small Giant" designation promotes the increase of labor employment scale through the increase of tax incentives, the increase of bank loans, and the reduction of financing constraints;

(4) The recognition of "small giants" promotes the optimization and upgrading of the human capital structure and high-quality development of enterprises by increasing labor employment. The recognition and cultivation of "small giants" is an effective measure to promote innovation and technological progress of enterprises and achieve employment growth, which is instructive for optimizing the cultivation policy of small and medium-sized enterprises, achieving stable employment and protecting people's livelihood.

Specialized, special new "small giants" are different from high-tech enterprises. High-tech enterprises generally refer to knowledge-intensive and technology-intensive enterprises that continuously carry out research and development and transformation of technological achievements, and are identified and rated mainly in terms of intellectual property rights, ability to transform scientific and technological achievements, level of research and development organization and management, and growth of the enterprise, with the policy aim of promoting scientific and technological innovation of the enterprises and improving the core competitiveness of the enterprises and their competitiveness in the market. The "small giants" enterprises have made restrictive requirements on revenue scale in terms of recognition threshold, and need to meet six indicators of specialization, refinement, specialization, innovation ability, industry chain support, and the field to which the leading product belongs at the same time. "Small giants" enterprises not only excel in scientific and technological innovation, but are also located in the core areas of industrial foundation and key links of the industrial chain, deeply cultivate specialized fields, focus on key technologies, and cultivate them with the aim of enhancing the innovation ability and specialization level of small and medium-sized enterprises (SMEs), improving core competitiveness through scientific and technological innovation, promoting the high-quality development of SMEs, and improving the supply chain of China's industrial chain. The purpose of cultivation is to enhance the innovation ability and specialization level of SMEs, improve the core competitiveness of enterprises through scientific and technological innovation, promote the high-quality development of SMEs, improve the resilience of China's industrial chain supply chain, and promote the synergistic innovation and integrated development of large, medium and small enterprises.