Government Enterprises Research Articles

Internal or external control? How to respond to credit risk contagion in complex enterprises network

This study investigates whether and how the two risk control strategies inhibit credit risk contagion among enterprises in the network. Learning from the corporate governance of enterprises, we propose internal and external strategies, respectively. Moreover, two improved epidemic models containing internal and external strategies strategy are established to investigate the impact of the two strategies on the risk contagion. The control effect of internal and external strategies is compared through simulation analysis. The results indicate that the enterprise's financial health, the cost and ability to apply the strategies are important factors affecting the control effect of strategies. For enterprises with general financial status (susceptible enterprise), when the costs of the two strategies are the same, they should choose external strategies. For enterprises with good financial status (immune enterprises), the external strategy is a more sensible choice. Our study provides new insights into controlling risk contagion in enterprise networks.

Optimalisasi Pengelolaan BUMNag Duo Baleh Suku Melalui Pelatihan Manajemen Bisnis dan Keuangan

This service program aims to increase the knowledge and capacity of BUMNag Duo Baleh Suku managers regarding business management competence and financial governance of village-owned enterprises. The method used in implementing this community partnership service is Participatory Learning Action (PLA). While the activity implementation technique is offline, with several stages, namely the preparation stage, the implementation stage and the monitoring and evaluation stage. The instrument for evaluating this activity is through questionnaires and interviews which are analyzed descriptively. The results of this dedication show that there is an increase in the capacity of BUMNag Duo Suku managers in business management and financial governance. In making decisions, management is able to read market orientation while still minimizing production costs without reducing quality. For financial governance along with the preparation of financial reports (cash flow statements, profit and loss statements and company balance sheets) made by the treasurer already follow the SAK financial accounting standards and are made using Microsoft Excel.

ЮРИДИЧЕСКАЯ ХРОНИКА

In the February Legal Chronicle, Gennady Esakov comments on the December 2022 rulings of the Constitutional Court of the Russian Federation on criminal law, which determine the approach to calculating the amount of theft when committing fraudulent actions with wages paid from public funds. Vladimir Rumak describes the main changes in laws that came into force in January 2023, and highlights the legal facts at the level of draft laws, by-laws and law enforcement practice as part of the deoffshorisation of the Russian economy. Vadim Borodkin comments on the Decree of the President of the Russian Federation of 17 January 2023 No. 16 «On the temporary procedure for decision-making by the bodies of some Russian business entities» and concludes that its adoption solves certain issues of corporate governance of large enterprises, but does not eliminate similar problems for small and middle businesses having foreign shareholders.

Impacts of Digital Information Management Systems on Green Transformation of Manufacturing Enterprises.

Under the background of increasingly prominent environmental problems, the establishment and application of digital information management systems established by the digital economy have brought new opportunities and challenges to the green transformation of manufacturing enterprises. Considering the micro level of Chinese manufacturing enterprises, does the adoption of information management systems really promote the improvement of the green transformation level of manufacturing enterprises? This paper takes the adoption of digital information management systems by China's enterprises as a "quasi natural" experiment and uses the Difference-in-Difference and Propensity Score Matching model (PSM-DID) to explore its impact on the green transformation of manufacturing enterprises and its mechanism. The study found that the adoption of digital information management systems by enterprises significantly improved the green transformation level of manufacturing enterprises, especially the symbolic green transformation level, and had no significant positive effect on the substantive green transformation level. The mechanism analysis shows that manufacturing enterprises can achieve green transformation by adopting information management systems to improve the digital level, strengthen green innovation ability, and increase the redundant resources of enterprises. The heterogeneity analysis based on the internal governance and external environment of enterprises shows that the adoption of digital information management systems by manufacturing enterprises has significantly improved the green transformation level of non-state-owned enterprises, enterprises with high corporate governance, non-heavily polluting enterprises, and enterprises in the eastern region. The research conclusion enriches the research related to digitalization and green transformation of enterprises and has important inspiration for Chinese manufacturing enterprises to use digitalization capabilities to seek green sustainable development under the wave of digital economy development.

Will the “Pairing Assistance” Policy Trigger the Migration of Polluting Enterprises? An Empirical Study Based on the Yangtze River Delta Region

The migration of polluting enterprises and its mechanism are a recent research hotspot in enterprise geography and environmental economic geography. This paper finds that the “Pairing Assistance” policy (PAP) is an important driving force for the migration of polluting enterprises (MPE), which is widely ignored by the existing research. Based on the perspective of inter-regional correlations, this paper establishes an analytical framework for the MPE. The negative binomial regression model was used to conduct a big data analysis on enterprises based on the Qichacha database. The main findings are as follows. (1) The average number of polluting enterprises migrating between cities with a PAP relationship is 129.51% more than that between other cities. (2) This policy can also promote the MPE from cities that are not in a PAP relationship with cities that receive assistance from the policy. The average frequency of these cities accepting polluting enterprises was 63.76% more than that of other cities. (3) Heterogeneity analysis shows that under the influence of the policy, highly polluting and low-tech enterprises mainly migrated from developed regions to less-developed regions. (4) The mechanism mainly includes lower environmental regulations, operating costs, inter-regional differences in industrial upgrading, and the easiness for polluting enterprises to adapt into the network of government–enterprise relationships in the assistance-accepting cities. This paper, based on China’s empirical research, provides a new mechanism for the migration of polluting enterprises.

Do state-owned participation shareholders improve the environmental governance level of private enterprises? Evidence from Chinese listed firms

In recent years, whether the mixed-ownership reform system of introducing state-owned participation shareholders into private enterprises helps to improve the environmental governance of private enterprises has been a matter of much attention and discussion. Based on data from 2007 to 2019 for Chinese A-share privately listed companies, this paper examines how the state-owned participation shareholders affect the environmental governance level of private enterprises. The results show that state-owned participating shareholder participation can improve the environmental governance level of private enterprises, and this phenomenon is more significant among industrial enterprises and enterprises in regions with a higher degree of marketization. Furthermore, there is a substitution effect between the state-owned participation shareholders, the executive team’s participation in politics, and the Party organization establishment in improving the environmental governance level of private enterprises, and the state-owned participation shareholders play a relatively larger role. In addition, the supervision effect is better when state-owned participation shareholders are from the local area and have a higher level of participation.

Influence of international ownership on the performance of local social enterprises: Evidence from the global microfinance industry

AbstractInternational ownership positively impacts the social performance of social enterprises at the expense of financial performance. International owners mostly use their resources and controlling rights to improve social performance at the expense of financial performance. Current ownership theories do not address how the multidimensional utility function might affect the governance and financing of a social enterprise. There is a need to develop theories for firms with conflicting objectives.

ECOTOURISM, SOCIAL ENTERPRISE OF THE PANDIN LAKE TOURIST SERVICE COOPERATIVE, STO. ANGEL, SAN PABLO CITY, LAGUNA: ASSESSMENT AND SUGGESTED TOURISM DEVELOPMENT PLAN

Ecotourism is a valuable vehicle to provide environmental, socio-economic, and cultural values at both local and national levels. This research is conducted to provide information for ecotourism and social enterprise government programs, activities and projects for Pandin Lake, Sto. Angel, San Pablo City, Laguna. Specifically, the study aims to assess: the ecotourism and social enterprise at the lake; describe the demographic profile of the Pandin Lake Tourist Service Cooperative as part of the Gender and Development (GAD) project; and gather Sex Disaggregated Data (SDD) and Gender Disaggregated Data(GDD) in terms of age, sex, civil status, highest educational attainment, family income, and years of residency in Pandin Lake. The study used the descriptive research design. It is believed that Gender and Development (GAD) plays an important role to drive and aim for progress, and uniting similar and significant government programs, activities, and projects (PAPs). The ecological effect of ecotourism enterprise can help enhance the conservation of natural resources and improve the way of living in the community. Moreover, the residents and cooperative members are more aware of its economic effects and recognize that this ecotourism and social enterprise can help to generate additional revenue for its people, for the government, and create jobs and more business opportunities. The effects of socio-cultural status can help both the residents and the tourists in improving their quality human experience.

From centralization to cooperation: The development and reform process of sports venues in China from 1949 to 2022.

The management of sports venues has undergone a series of reforms since the People's Republic of China's establishment in 1949. The reform of management right is especially significant. It reflects the government-enterprise relationship and logic of government action. Utilizing the perspective of the government-enterprise relationship, this study systematically reviews the reform model for sports venues to incorporate Chinese characteristics. The aim of this study is to understand the relationship between the People's Republic of China's government and the market through the reforms implemented for the operation and management of sports venues. According to the study, the development and reform of sports venues in China has experienced government centralization, devolution, decentralization, and cooperation. The reform of sports venues' operation and management follows a "market-oriented government-led" model which reflects the government's logic. It is concluded that a "market-oriented government-led" model is essential for the promotion of comprehensive reforms for sports venues with Chinese characteristics.

Enhancement of state-owned enterprises’ financial reporting through e-governance

State-owned enterprises in Zimbabwe often take long to report their financial statements due to unfunded policy mandates, weak governance, and a lack of capacity of governments to oversee the enterprises/parastatals. Information systems can help improve the operation of state enterprises and expedite financial reporting by interfacing e-governance and corporate governance. This paper aims to present a systematic empirical literature review to examine the role of corporate governance in the timeliness of financial reporting and opportunities of e-Corporate Governance in State-owned enterprises. Specifically, the proposed study’s motivation aroused from vast literature focusing on the role of corporate governance in the timeliness of financial reporting and opportunities of e-Corporate Governance in State-owned enterprises. The study reviewed some of the articles for literature that deliver robust suggestions on the timeliness of financial reporting and opportunities of e-Corporate Governance in State-owned enterprises. Findings suggest that effective corporate governance can improve the performance and accountability of state enterprises. E-corporate governance can help state enterprises report their financial statements promptly. Adoption of e-governance can improve corporate governance in state enterprises by providing best practices and independent oversight mechanisms.

Research on the Impact of Party Organization Embedding on the Corporate Environmental Performance

The party organization’s participation in the governance of state-owned enterprises can affect corporate environmental performance. First of all, in terms of stakeholders’ theories, enterprises should not pursue the interests of shareholders in the traditional sense, but to maximize the overall interests of stakeholders. As a special group in China’s corporate governance, the party organization has the right to participate in the decision of major environmental matters on the corporate. At the same time, the party organization urges enterprises to support the policies of the party, play an important role in supervising the environmental performance of the enterprise, and then maintain the overall interests of the stakeholders. Secondly, under the framework of organizational legitimacy, the party organization embedded mainly through the supervision effect and checks and balance effects to improve the environmental performance of the enterprise. Therefore, this paper studies the relationship between party organizations participating in the governance of state-owned enterprises and corporate environmental performance. This paper argues that the "two-way entry" of the party organization has a positive correlation with the corporate environmental performance, that is, the higher the "two-way entry" of party organizations participating in the governance of state-owned enterprises, the higher the environmental performance of state-owned enterprises will be improved accordingly. Also, after further robustness tests, this conclusion is still established.

The Difficulties and Solutions of Terminal Consumption underthe Goal of "Double Carbon" in Realizing Carbon Neutrality Approach—Take Household Consumption as an Example

With the change of social economy, industrial structure and cultural background, China has realized that in order to achieve the goal of carbon peaking and carbon neutrality (the "double carbon" goal), end-consumption behavior has gradually become an important factor affecting carbon emission reduction. Based on the analysis of the necessity of carbon emission reduction research in end-consumption behaviors, this paper mainly refers to some data in the report "Carbon Drag -- Analysis of Low-carbon Potential of Large Urban Residents Consumption" published by Urban Carbon Peak International Cooperation Platform. This paper analyzes the current situation of "carbon consumption" in end-consumption behavior and its carbon emission reduction potential from the five aspects of residents' clothing, food, housing, transportation and use, and discusses the problems affecting carbon emission reduction in end-consumption behavior. It is found that residents' low carbon awareness in some fields is weak, and there is resistance to the implementation of green low-carbon behavior. On this basis, this paper provides suggestions on related issues: government enterprises and the public need to work together to improve residents' awareness, increase production quantity at the supply side and improve carbon emission reduction policies.

The collaborative strategy of data governance of state-owned enterprises in China

The new transformation spawned by digitization brings a new change in the logic of data governance. In recent years, the state-owned enterprises (SOEs) of China has been strengthening the construction of data governance system, but there are still a series of key issues that need to be solved. It is urgent to carry out research on issues related to data governance, to play the data elements of the amplification, superposition and multiplier effect. This study analyzes the new requirements of data governance in the new situation and the reasons for the non-synergy of data governance of SOEs. Then this research proposes the collaborative optimization strategy of data governance in the SOEs. The main findings of this research are as followed: On the one hand, the reasons for the lack of synergy in the SOEs’ data governance are comprehensively analyzed. On the other hand, some key strategies for the optimization of the company’s data governance synergy are proposed. For example, this stuty proposes to build multilevel data governance internal market, design internal market transaction elements, create internal market operation management mechanism, establish internal market performance evaluation and assessment mechanism, and improve the internal market-oriented and efficient operation supporting capacity.

Determinants of Effective Corporate Governance in Publicly-Owned Enterprises (POEs): An empirical study among Central POEs in Kosovo

Determinants of Effective Corporate Governance in Publicly-Owned Enterprises (POEs): An empirical study among Central POEs in Kosovo

Research on the impact of executive background characteristics on executive compensation gap—Empirical evidence from Chinese family businesses

Based on the data of family enterprises in Shanghai and Shenzhen stock markets from 2008 to 2020, this paper explores the impact of executive background characteristics on executive pay gap. The results show that the older the average age of the top management team, the smaller the executive compensation gap of listed companies; The greater the proportion of female executives and executives with financial background, the greater the executive pay gap in the listed company. After the endogenous problem control of two-stage instrumental variable method, the research conclusion of this paper is still valid. This paper aims to provide new empirical evidence for the salary governance of family enterprises, alleviate the widespread intergenerational inheritance problems and promote the high-quality development of family enterprises.

Governance and Management of Social Enterprises

Governance and Management of Social Enterprises

Regional-Owned Enterprise is Performance Oriented and Has an Impact on Village Development

In the era of President Susilo Bambang Yudhoyono's leadership, the concept of village development was coined, so that there would be an even distribution of progress from upstream to downstream. Then during Jokowi Dodo's leadership, the national development scheme was focused on regional development, resulting in economic strengthening, and concrete evidence of this policy was that village funds were transferred from the center directly to the village. The aim of this policy is for villages to become the foundation for strengthening the national economy, and one of them is to give birth to regional-owned enterprise. Based on this description, this research was conducted to reveal the governance of regional-owned enterprise based on their characteristics. This research was conducted using a survey method with a quantitative approach. The research data is in the form of respondents' answers obtained from distributing questionnaires. The collected data was processed and analyzed using linear regression mathematical techniques. The research respondents were the managers of 100 regional-owned enterprise in various regions in Bima Regency, West Nusa Tenggara. The results of the study suggest that regional-owned enterprise can run well if the administrators/members have knowledge of business management. In addition, the management has good integrity, for the commitment to carry out their duties truly with a sense of responsibility. Thus, regional-owned enterprise can generate benefits that are beneficial to village economic development.

The Effect of Social Enterprise (SE) Governance on Social Value Creation in Pakistan: The Mediatory Role of SE Performance, Social Capital, and Service Dominant Logic

The Effect of Social Enterprise (SE) Governance on Social Value Creation in Pakistan: The Mediatory Role of SE Performance, Social Capital, and Service Dominant Logic

Examining the Impact of Equalization Funds on Service Delivery by Local Authorities: A Case Study of Chongwe District Council in Zambia

This study was set out to investigate ramifications of equalization funds on service delivery within selected Local Authorities in Zambia. The primary objective was to operationalize this inquiry by evaluating the financial, technical, and administrative repercussions of equalization funds, alongside assessing the degree of utilization of these funds by Local Authorities. Employing a concurrent mixed methods approach, the research adopted an explanatory sequential design. This entailed two distinct phases: an initial phase of quantitative data collection followed by a subsequent phase of qualitative data collection, with the qualitative inquiry being informed by the outcomes of the quantitative phase. Quantitative data were acquired through questionnaires and subjected to analysis employing SPSS, while the qualitative data were scrutinized through a narrative analytical framework. The results of this study have illuminated significant facets concerning the utilization of equalization funds by the Chongwe Municipal Council. It became evident that the council did not conform to the stipulated guidelines for the allocation of equalization funds. A notable portion of these funds was directed towards personnel compensation and councilors’ allowances, leaving inadequate resources for essential capital enhancements. Furthermore, the study underscored the inadequacy of Chongwe Municipal Council’s technical, administrative, and financial capabilities in rendering public services congruent with the burgeoning population within their jurisdiction. In the realm of service delivery strategies, the council embraced multifarious methodologies including local government enterprises, contracting out, franchising, self-help groups, and in-house provision. The efficacy of these strategies was particularly pronounced in the context of Chongwe Municipal Council, attributed to its relatively small population. Conclusively, this study underscores that Local Authorities, particularly those located in rural settings such as Chongwe, grapple with insufficiencies in technical, administrative, and financial capacities when endeavoring to cater to the needs of expanding populations. Moreover, these Authorities exhibit a tendency to deviate from prescribed equalization fund utilization guidelines. Furthermore, the introduction of equalization funds has led to an upward trajectory in revenue and expenditure estimations for Local Authorities, like Chongwe Municipal Council. This fiscal trend, however, has been coupled with a diminishing fiscal effort. Consequently, the essential correlation between local revenue and expenditure has been disrupted. To address these challenges, this study advocates for a reconfiguration of the fiscal framework, coupled with stringent adherence to financial management regulations by Local Authorities.

Construction of Performance Evaluation Model for the Operation and Maintenance of Government Enterprise Cooperation Infrastructure Projects under the ESG Concept

Construction of Performance Evaluation Model for the Operation and Maintenance of Government Enterprise Cooperation Infrastructure Projects under the ESG Concept