Research on the High-Quality Development Path of Listed Private Education Groups

The rapid growth of the education industry and private education groups has brought the high-quality development of listed private education companies into focus for both the educational sector and the capital market. This study employs the fuzzy-set qualitative comparative analysis (fsQCA) method to explore pathways to high-quality development for these companies. Necessity analysis confirms that no single factor guarantees a company’s success, highlighting the importance of multi-factor interactions. Three main paths to high-quality development are identified: human resource optimization, precise market positioning, and comprehensive advantage. Conversely, four development paths for non-high-level companies are identified: dual insufficiency in resources and market, high turnover and over-investment, scale expansion with resource mismatch, and inadequate human resource development. The findings indicate that optimal allocation of educational resources, precise market positioning, rational resource allocation, and staff training are crucial for achieving high-quality development. Robustness tests, which raise the consistency threshold, verify the reliability and stability of the results. These findings provide a reference for policymakers, investors, and managers in the education industry.