Enhance Corporate Performance Research Articles

Does green marketing improve corporate performance?

This paper examines the relationship between green marketing, board characteristics, and corporate performance, with 13,864 Chinese listed companies as the research observation subject. It centers on the influence of green marketing on the performance of corporations, as well as the moderating influence of board characteristics. The findings reveal the following: first, green marketing serves to enhance corporate performance; second, the independent composition of the board of directors exerts a positive moderating influence; third, the combination of the roles of chairman and general manager exerts a negative moderating influence, impeding the positive effects of green marketing on corporate performance; and finally, the gender diversity of the board of directors plays a beneficial moderating role.

Advertising investment, industry competitiveness and corporate market performance

This article conducts an in-depth analysis using data from A-share listed companies in China from 2012 to 2022, exploring the relationship between advertising investment and corporate market performance, and examining the moderating role of industry competition in this relationship. The results indicate that advertising investment has a significant positive effect on corporate market performance. Furthermore, industry competition plays a positive moderating role between advertising investment and corporate market performance. Notably, net intangible assets serve as a significant intermediary in the path through which advertising investment enhances corporate performance.

A SYSTEMATIC LITERATURE REVIEW ON THE DEVELOPMENT TRENDS IN MANAGEMENT ACCOUNTING RESEARCH

Background. The emergence of digital tools, such as data analytics and automation, enhances decision-making, aligns with sustainability, and supports strategic goals, especially in the context of achieving Sustainable Development Goals (SDGs) Research Purpose. The study aims to provide a comprehensive analysis of the developmental trends in management accounting by systematically reviewing recent literature. This review focuses on identifying key trends, existing gaps, and emerging themes to establish a framework for future research in this evolving field? ResearchMethod. Using a systematic literature review (SLR) approach, the research includes journal articles, conference proceedings, and reports published over the past decade. Articles were selected based on relevance to management accounting and sorted by topic, findings, and theoretical contributions.? Findings. Key trends in management accounting include the integration of digital technology (e.g., AI, blockchain) for efficiency, accuracy, and improved decision-making, alongside a strong focus on environmental sustainability. The study also found significant interest in sustainability management practices, particularly regarding their role in meeting SDGs and enhancing corporate performance ?Conclusion. Management accounting is increasingly shaped by digitalization and sustainability imperatives. Technologies like AI and blockchain are reshaping data accuracy and efficiency, while sustainability practices encourage responsible business practices.

The impact of green supply chain management on corporate performance under the full process model: A MASEM analysis based on heterogeneous moderation

This study explores the impact of green supply chain management on corporate performance, focusing on environmental, economic, operational, and social outcomes. Using Meta-Analytic Structural Equation Modeling, we analyzed data from 98 quantitative studies conducted since 2001. Our findings demonstrate that green supply chain management practices significantly enhance corporate performance. We also identify key moderating factors, such as industry diversity, company size, geographical location, economic development, cultural level, and logistics performance, that influence the effectiveness of green supply chain management. The study highlights the importance of tailoring green supply chain management initiatives to specific industry and regional contexts, providing actionable insights and policy recommendations for promoting sustainable development in the Carbon Trading Era.

Empirical study of robotic systems implementation to corporate performance in manufacturing sector

PurposeThis study aims to investigate the impact of implementing various robotic systems in logistics and supply chain management on corporate performance in Jordanian manufacturing companies, focusing on environmental, operational, economic, and social dimensions.Design/methodology/approachUsing a quantitative approach, data was collected through a survey questionnaire to measure the relationship between robotic systems and several performance dimensions. Various established constructs were employed, and the structural relationships were analyzed using partial least squares structural equation modeling (PLS-SEM) to assess the complex interdependencies within the model.FindingsThe results of this study indicate that the adoption of robotic systems has a positive influence on the environmental, operational, economic, and social performance of Jordanian manufacturing companies. In contrast to prior research that revealed inconsistencies in the social dimension, our findings align with previous studies highlighting the benefits of robotics in logistics and supply chain management. However, it’s worth noting that this study did not uncover similar inconsistencies, particularly in terms of the impact on social performance.Practical implicationsThe study provides valuable insights for manufacturing companies considering the implementation of robotic systems, highlighting the need to evaluate the environmental, operational, social, and economic consequences. This understanding can help organizations make informed decisions to leverage the benefits of robotics for sustainable growth.Originality/valueThis study contributes to the growing literature on robotics in logistics and supply chain management, specifically focusing on the unique context of Jordanian manufacturing companies. By examining the multifaceted impact of robotic systems, this study extends the understanding of the role of technology in enhancing corporate performance.

Employee stock ownership plan as a measure of covering up corporate fraud: Evidence from China

Although companies typically claim to implement an employee stock ownership plan (ESOP) for the purpose of incentivizing employees to enhance corporate performance, many non-incentive motives may be hidden behind this move. Using data on China’s stock market from 2014 to 2022, this paper demonstrates that due to optimistic market reactions, employee stock ownership plans may be related to covering up corporate fraud. Companies that have already committed fraud but have yet to have this fraud detected have a higher propensity for declaring an ESOP. In further research, we found this effect is more pronounced for companies with underperforming stock prices.

ANALYSIS OF THE CORRELATION BETWEEN BUSINESS ECOSYSTEM AND ENTERPRISE PERFORMANCE UNDER THE BACKGROUND OF DIGITAL TRANSFORMATION

This study, grounded in the theory of the business ecosystem, investigates how the digital capabilities of Chinese high-tech manufacturing enterprises influence corporate performance. The study builds a chain effect model of "digital capabilities—value co-creation—network capabilities—corporate performance" and looks at how environmental uncertainty affects the model. We looked at Chinese high-tech manufacturing companies through a questionnaire survey and in-depth analysis. The study found that: (1) digital capabilities greatly enhance corporate performance through the mediating role of value co-creation and network capabilities; (2) environmental uncertainty has a moderating effect on the relationship between digital capabilities and corporate performance. This study enriches theoretical research on the relationship between digital transformation and corporate performance, providing theoretical guidance and practical inspiration for Chinese high-tech manufacturing enterprises to enhance their competitiveness in the digital economy era.

The Impact of ESG Practices on Corporate Performance in the Context of Digital Transformation: A Case Study of TBEA

In the context of digital transformation, enterprises are facing unprecedented opportunities and challenges, and environmental, social, and governance (ESG) practices have gradually become a focus of attention for enterprises. How to improve their own ESG practices to enhance corporate performance is crucial for the sustainable development of enterprises. This article selects TBEA as a case study enterprise to study its ESG practices from the perspectives of environment, society, and corporate governance in the context of digital transformation. Furthermore, relevant indicators are used to analyze the impact of ESG practices on corporate performance. Research has found that good ESG practices can promote the improvement of a company's financial and non-financial performance, with non-financial performance mainly reflected in the value created by the company for stakeholders.

Corporate environmental responsibility’s influence on risk-taking in Chinese A-share listed companies

PurposeThis study aims to investigate the relationship between corporate environmental responsibility (CER) and risk-taking in Chinese A-share listed companies from 2011 to 2020. It seeks to understand the influence of CER on risk-taking behavior and explore potential moderating factors.Design/methodology/approachA quantitative approach is used, using data from Chinese A-share listed companies over the specified period. Regression analysis is used to examine the relationship between CER and risk-taking, while considering moderating variables such as performance aspiration, environmental enrichment and contextual factors.FindingsThe findings indicate that CER positively influences corporate risk-taking, with significant impacts on information asymmetry and corporate reputation. Moreover, positive performance aspiration strengthens the effect of CER on risk-taking, while negative performance aspiration and environmental enrichment weaken this effect. Cross-sectional analysis shows that the positive association between CER and risk-taking is more prominent for firms located in areas with strict environmental regulation, for nonstate-owned firms, and for firms with higher levels of internal control.Originality/valueThis research contributes to the literature by providing insights into the dynamics between CER and risk-taking in the Chinese market context. It expands existing knowledge by considering the influence of performance aspiration on this relationship, offering practical implications for firms seeking to enhance corporate performance through strategic management of environmental responsibilities.

Enhancing Corporate Performance in Nigeria: The Role of Audit Committee Characteristics and Corporate Governance Mechanisms

Enhancing Corporate Performance in Nigeria: The Role of Audit Committee Characteristics and Corporate Governance Mechanisms

The Advent of Generative AI and Financial Industry

Purpose: This paper explores the recent literature on Generative AI applications in the financial industry and delineates its role in the future. Methodology: Our paper follows secondary research analyzing current literature on Generative AI in finance. It is one of the essential tools for understanding background information, identifying research problems, and filling the literature gaps. This paper studies how Generative AI has potential financial benefits and risks, providing unique insights into the financial landscape in the coming years. Findings: The findings unveil that Generative AI can become a strategic tool to redefine financial services and operational effectiveness. It can substantially improve the services by reducing costs, bringing efficiency, and enhancing corporate performance. It has the enormous transformative power to revolutionize client product and service offerings, improving risk management assessments and bringing efficiency to operations. However, our study indicates that the financial service industry can get into practices and decisions that are potentially unethical and financial exclusion due to an embedded bias in its algorithm and design of Generative AI technologies. Since Generative AI continues to evolve, its role and effectiveness in decision-making are expected to shape the financial services landscape significantly. Unique Contribution to Theory, Practice, and Policy: Generative AI can be a game changer for the financial industry, fueling digital transformation across industries. The transformative potential of generative AI can optimize operations, revolutionize customer experiences, and drive innovation seamlessly in finance. Our paper suggests how policymakers can foresee the challenges ahead due to the Generative AI in finance services, which is challenging the existing regulatory landscape. To stay ahead in the competition, financial firms must balance data privacy and algorithmic bias and ensure the responsible use of AI.

The Impact of Corporate Social Responsibility on Employee Job Satisfaction

Corporate Social Responsibility (CSR) has evolved into a pivotal determinant of corporate development within the contemporary business landscape. With globalization advancing and societal expectations escalating, enterprises are increasingly viewing the fulfillment of social responsibilities not merely as a philanthropic endeavor but as a crucial avenue to enhance competitiveness and achieve sustainable growth. CSR encompasses environmental stewardship, safeguarding employee rights, engaging in community outreach, upholding business ethics, and more. Through these initiatives, organizations not only improve relations with external stakeholders but also foster positive internal impacts, notably enhancing employee job satisfaction. Research indicates that when companies prioritize CSR, they bolster employees' sense of pride and belonging, thereby elevating overall job satisfaction and consequently enhancing corporate performance. Hence, delving deeply into the influence of corporate social responsibility on employee job satisfaction is not only of profound theoretical significance but also offers practical guidance for corporate endeavors, promoting a mutually beneficial development for both enterprises and their employees.

The Effects of Equity Incentives on Corporate Performance in China

For modern companies, equity incentives are used as a tool to address agency problems. This study examines the long-term impact of equity incentives on corporate performance using data from A-share listed companies in China from 2010 to 2022. The findings suggest that equity incentives can enhance corporate performance for four years after implementation, with the strongest effect observed in the second year. Additionally, there is no significant difference in the impact of equity incentives on corporate performance between state-owned enterprises (SOEs) and non-state-owned enterprises (NSOEs) in China.

Corporate governance codes: A controversial efficiency?

The pursuit of good governance by companies confronts a fundamental challenge: defining what constitutes “good governance”. Existing corporate governance codes and their implementation documents fall short of offering a clear answer to this crucial question. Despite the establishment of a reference framework years ago, the focus has shifted from defining the objectives of good governance to a consensus on the means of achieving these objectives. Unfortunately, this consensus often absolves stakeholders from providing detailed explanations. Achieving effective good governance necessitates a shift in focus towards the underlying goals of governance structures. Two potential approaches emerge in this context. While many companies rely on codes without explicitly outlining their objectives, there is a compelling case for urging or mandating them to articulate the purposes of the governance methods they employ in their reports. This level of specificity has the potential to enhance the reflective qualities of the transparency process, fostering a more comprehensive understanding of the governance landscape. Beyond merely discussing the objectives of corporate governance, the pursuit of good governance necessitates the implementation of instruments whose efficacy transcends reliance solely on market discipline. The aim is not to undermine the imperatives of transparency and justification. Instead, the intention is to recognize that these elements, while essential, do not independently ensure the effectiveness of soft law instruments, such as governance codes. Nowadays, it is crucial to assess the extent to which traditional corporate governance codes respond to the needs of companies in the era of digitalization and sustainability. Therefore, conducting a critical analysis of the existing corporate governance codes will contribute in shedding light on the gaps of these instruments to come up with recommendations for improvements. Aims and objectives: This article will focus on the following areas: Defining the role and purpose of corporate governance codes in enhancing corporate performance and accountability and discussing the challenges and limitations of corporate governance codes, including compliance issues and enforcement challenges. Presenting empirical evidence on the impact of corporate governance codes on corporate behavior and analyzing, through the principle of comply or explain, whether code adherence leads to improved corporate governance practices and financial performance. Discussing emerging trends in corporate governance and offering recommendations for improving the effectiveness of corporate governance codes.

Enhancing Corporate Performance through Debt Financing: Evidence from Nigerian Consumer Goods Firms

Background: Consumer goods firms play a significant role in any economy, like other businesses, require a mix of financing methods to amplify their performance. Aim: The study examined enhancement of corporate performance of Nigerian Consumer Goods Firms through debt financing for a period of eleven (11) years from 2011 to 2022. Methods: The data obtained were estimated using descriptive statistics and panel regression model of fixed effect. Results: The study found a positive and significant impacts of long-term debt (β=0.469729, P=0.0311) and firms’ size (β=0.154547, P=0.0251) on the performance of Nigerian consumer goods firms’ but negative and significant impacts of loan quality (β=−0.037431, P=0.0241) and short-term debt (−0.023417, P=0.0124) on their performance. Recommendation: The study recommends financing through Long-term debt for businesses in Nigeria.

The Impact of Agency Problems on Corporate Performance in China

This paper delves into the intricate dynamics of the horizontal agency problem within the realm of corporate governance in China, scrutinizing the inherent conflict of interest between controlling and minority shareholders amidst a backdrop of concentrated ownership. Its core objective is to comprehensively grasp the repercussions of this agency dilemma on firm value and corporate performance. Central to this investigation is the identification and analysis of institutional features that fuel the agency predicament, notably the pre-existing split-share structure and the prevalent establishment of pyramid ownership arrangements. In response to these challenges, this study advocates for two primary approaches to mitigate the agency conundrum: an informal approach driven by cultural factors, particularly rooted in Confucian ethics, and a formal strategy entailing robust legal safeguards and regulatory frameworks. The potential efficacy of these proposed measures in ameliorating conflicts of interest, curbing unethical conduct, and fortifying the rights of minority stakeholders, all while reducing agency costs and enhancing corporate performance.

A STUDY OF THE RELATIONSHIP BETWEEN CORPORATE SOCIAL RESPONSIBILITY, CORPORATE REPUTATION AND CORPORATE PERFORMANCE BASED ON INTERNAL EMPLOYEE SURVEY DATA

In the new era, assuming social responsibility has become a necessary consideration for corporate development. Existing studies suggest that fulfilling social responsibilities positively impacts corporate performance, while others argue it increases costs and has negative effects. Therefore, this article delves into the impact of corporate social responsibility (CSR) on corporate performance from the perspective of internal employees and explores the mediating role of corporate reputation between CSR and corporate performance. This theoretical research aims to enhance corporate performance by promoting CSR. The study employed literature analysis and questionnaire surveys to investigate employees within three Chinese smartphone companies: Xiaomi, OPPO, and Vivo. We verified the research hypotheses through correlation and regression analyses. The findings indicate that, firstly, the economic, legal, ethical, and charitable responsibilities of CSR positively influence corporate performance. Secondly, corporate reputation partially mediates the relationship between each dimension of CSR and corporate performance. Consequently, the study suggests that companies should establish a strategic CSR management mindset, considering fulfilling social responsibilities as a mission to drive sustainable development and thereby enhance corporate performance.

Enhancing Corporate Performance Through Transformational Leadership in AI-driven ERP Systems

Organisational traits, technological adoption, and transformative leadership in Chinese enterprises are examined in this study using a dataset 2010–2022. The main goal is to understand how transformative leadership affects business performance and how AI-driven ERP systems, organisational scale, and technology adoption culture modulate this relationship. The paper provides a solid framework for understanding these complex linkages using a big dataset using R and SPSS statistical analysis. Revolutionary leadership consistently boosts business. Organisational size mediates and revolutionary leadership may work better in larger organisations. Technology adoption culture highlights an organization's readiness to accept new technology, regulating the relationship. The study also found that AI-driven ERP systems diminish the correlation, suggesting that higher-tech organisations benefit from transformational leadership. This information can help CEOs adjust their technology and company characteristics strategies. Leadership theories benefit from theoretical implications that highlight contextual aspects that affect leadership dynamics. Understanding how organisational culture affects AI-driven revolutionary leadership may also help. Integrating AI and ethical transformative leadership affects sustainability and trust. Finally, the innovative leadership of AI-driven ERP systems in numerous areas and sizes explains it.

A Study on the Relationship between CEO Succession Based on Big Data Information Processing Technology and Corporate Performance

The recognition of data elements as a crucial production factor in China in 2019 highlights the rising importance of leveraging data assets. The pivotal role of big data information processing technology in economic and financial realms cannot be understated. CEO succession is a pivotal event that heavily influences a company’s performance. However, past research on the correlation between CEO succession and corporate performance has yielded inconclusive results. This study addresses this gap by employing advanced analytical models, namely propensity score matching and difference-in-differences techniques, grounded in the realm of big data information processing technology to explore the intricate relationship between CEO succession and corporate performance. By analyzing data from A-share listed companies spanning from 2014 to 2021, noteworthy insights have emerged. Firstly, a notable negative correlation between CEO succession and corporate performance has been observed, affirming the notion of a “disruptive effect” associated with CEO transitions, leading to a decline in corporate performance. Furthermore, the study sheds light on the multi-faceted nature of factors influencing corporate performance, cautioning against attributing poor performance solely to the CEO. Consequently, enhancing corporate performance demands a nuanced approach that goes beyond mere CEO replacements, emphasizing a holistic strategy encompassing various avenues for improvement.

Impact of Digital Transformation and Green Manufacturing Practices on Firm Performance with Mediating Role of Green Product Innovation: An Empirical Investigation with PLS-SEM Modeling

Purpose: The objective of this research is to determine the impact of green manufacturing practices and digital transformation on firm performance, with a particular focus on the mediating role of green product innovation. Design/Methodology/Approach: The study conducted a survey of 212 employees from various businesses using a questionnaire-based method. The data is analysed using Partial Least Squares Structural Equation Modelling (PLS-SEM) to examine the connections between digital transformation, green manufacturing practices, and company performance. The study also investigated the intermediary function of green product innovation in these connections and offered valuable insights into how sustainable practices might enhance corporate performance. Findings: This research indicates that green product innovation plays a vital role in connecting these practices to improved company success. The results suggests that organisations that have used digital transformation technologies are more inclined to foster innovation in environmental friendly goods, so enhancing sustainability and subsequently improving performance. Implications/Originality/Value: The present research contributes to the existing understanding of the impact of digital transformation and green manufacturing techniques on enhancing company performance with a specific emphasis on sustainability. The importance of digital transformation and environmentally-conscious manufacturing methods in improving the sustainability of enterprises is emphasised.