Enterprise Investment Research Articles

Investment strategy – a tool for forming sustainable competitive advantages of enterprises

Introduction. Business investment can extend beyond meeting current investment needs arising from the need to replace outdated assets and the structure of economic activity. Ensuring a stable position of enterprises on the market and long-term economic development requires appropriate investment support. This requires creating an investment management system based on scientifically balanced forecasts regarding the directions and forms that ensure the realization of the general goals of the development of enterprises and the adaptation of their activities to the conditions of the external environment. The investment strategy is an effective tool for long-term management of the enterprise's investment activities in the conditions of the realization of the goals of economic development, significant changes in macro- and micro-economic factors, the influence of state regulation on market processes, the state of the investment market and related uncertainties. This determined the choice of topic, research structure, relevance, and theoretical and practical significance. This article aims to form an investment strategy as a tool for obtaining sustainable competitive advantages for enterprises. The results. Understanding the essence of investment and its implementation mechanism in modern conditions will allow food enterprises to optimize their activities, contribute to the company's development, and increase their market competitiveness. Investments are a vital tool in the competitive struggle, as their implementation leads to lower costs, lower prices, increased profits, the emergence of new needs, attracting financial resources, and improving the manufacturer's image. Conclusions. Investments play a pivotal role in implementing innovations, be it scientific, technical, organizational, or socio-technical. These innovations are aimed at use in the operational, investment, or financial spheres of the enterprise, with the goal of generating income and influencing qualitative changes in social and economic terms. Therefore, in the modern market, and particularly in the post-war period, investment and innovation activity in Ukraine will be a key driver of economic development and a prerequisite for enhancing the competitiveness of enterprises. Keywords: investments, innovations, strategic management, influencing factors, fruit and vegetable preserves.

Profit and investment provision of agricultural enterprises in Ukraine

Investment processes are crucial for agricultural enterprises' sustainable development, innovativeness, competitiveness, and food security. The article presents the results of the study, the purpose of which was to quantitatively assess the role of the profit of agricultural enterprises in the investment provision in agriculture in Ukraine in 2012-2022. Quantitative research methods were used, particularly trend analysis, correlation analysis, and a regression model design. The dynamic tendencies of investing and profitability in agriculture were defined. It showed the trend of increasing the annual number of investments in agriculture in the pre-war years. Political factors explained some deviations from the growth trend. Only in the first year of the war were capital investments reduced by 27% in agriculture in Ukraine. The total net profit of agricultural enterprises was positive during the research period, but its annual value fluctuated significantly. Our study has revealed a significant correlation between the profit of agricultural enterprises and the volume of investments in agriculture. We have developed regression models that demonstrate this relationship for the periods 2012-2022 and 2012-2021 with a one-year lag for investments. Our findings confirm that profit is the primary financial source of investment and innovation in Ukrainian agricultural enterprises. To ensure the innovative development of agrarian enterprises and the country's food security, further scientific research is needed to determine the financial sources of investment and their optimal structure in agriculture, particularly in times of decreasing profitability. Keywords: profit, investments, investment provision, enterprise, agriculture.

Research on Anti-Corruption in Overseas Investment of Chinese Multinational Enterprises

Research on Anti-Corruption in Overseas Investment of Chinese Multinational Enterprises

Research On the Path of High Quality Development Enabled by Big Data Technology in the Curved Area of The Yellow River

Big data is a key factor of production to promote the current social development, and the good use of big data technology is a must to achieve high-quality development. Jiziwan of the Yellow River is a strategic overlapping area of the western development and the overland Silk Road, which has very important strategic value both in terms of geographical space and historical development. Therefore, it is particularly important to enable the high-quality development of the Yellow River Jiziwan region with big data technology. By analyzing the relevant data of the high-quality development of the main provinces of the Yellow River Bend in recent years, this paper makes a comparison of the gross product of the region in recent years, the added value of the three major industries, and the R&D investment of the industrial enterprises, so as to get the results of the high-quality development of the Yellow River Bend area and the existing problems. Through these analysis results, this paper puts forward some solutions: using big data technology to optimize regional industrial structure, promote high-quality ecological development and promote innovative development. These optimization paths help promote the importance of the digital economy and promote high-quality, sustainable and coordinated development in the region.

Public Perception of Climate Risk, Environmental Image, and Corporate Green Investment

Climate risk has garnered greater attention in recent years, increasing the public’s demand for climate change information. Public attention to climate risk has also increased corporate environmental governance pressure, which inevitably has an impact on the green investment of enterprises. To deepen the understanding of the issue, this article uses Chinese A-share listed manufacturing companies as a research sample from 2018 to 2022 to investigate the impact of public climate risk perception on corporate green investment. This research found that public perception of climate risk can help to promote green investment among enterprises; its route of action is generally achieved through green technological innovation; and an environmentally conscious image can strengthen the promotion effect of the public perception of climate risk on green investment. Further, public perceptions of climate risk contribute more to corporate green investment and the moderating effect of environmental image is more significant in regions with low levels of environmental regulation. This study not only helps to improve the level of public participation in climate governance, but also accounts for environmental regulation limitations. Clear enterprise differentiation and preventive green investment have a positive impact on enterprises and has the ability to improve climate governance and help companies consciously fulfill their environmental responsibility.

Bridging the gap: Digital finance's role in addressing maturity mismatch in investment and financing for agricultural enterprises

This research investigates digital finance's impact on reducing investment and financing maturity mismatches in agricultural enterprises, leveraging data from Chinese A-share listed companies between 2011 and 2022. The findings confirm digital finance's effectiveness in lessening these mismatches, as validated through comprehensive tests. Importantly, it alleviates maturity mismatch risks by enhancing information transparency and loosening financing constraints. The influence is especially notable in highly marketized regions and within both newly founded and closely examined firms. This emphasizes digital finance's key role in solving agricultural enterprises' investment and financing challenges.

Financing constraints and patent investment in small and medium-sized enterprises: A family entrepreneurial perspective

In this study, we examine the relationship between financing constraints and patent investment in small and medium-sized enterprises (SMEs) from the perspective of family entrepreneurship. Using SME survey data published by the Chinese Bureau of Statistics, we conduct an empirical analysis. We find significant associations between financial access restrictions, family involvement, entrepreneurial propensity, and patent investment. Reducing financing constraints and promoting household participation can increase patent investment in SMEs and improve their innovation and sustainability.

АНАЛІЗ ПЕРСПЕКТИВ ФУНКЦІОНУВАННЯ ПІДПРИЄМСТВ З ІНОЗЕМНИМИ ІНВЕСТИЦІЯМИ В УКРАЇНІ

Formulation of the problem. The post-war recovery of Ukraine requires attracting foreign investment. Attracting foreign direct investments will make it possible to ensure capital investments, annual direct contributions to the economy, new jobs, exports, acquisition of new skills and technologies, innovativeness of economic sectors. The aim of the research is to analyze modern prospects for the development of the process of foreign investment and the functioning of enterprises with foreign investments in Ukraine. The оbject of the research is theoretical and practical approaches to the attraction of foreign investments and the functioning of enterprises with foreign investments in Ukraine. The methods of the research: logical method, method of comparison, methods of induction and deduction, analysis and synthesis, system analysis, correlation analysis. The hypothesis of the research. The volume of foreign investment is directly proportional to the volume of GDP, expenditure on education and labor force and inversely proportional to the income inequality level and unemployment level. The statement of basic materials. Correlation coefficients between the volume of foreign investment and the factors affecting this volume have been determined, which will allow influencing specific key indicators that most stimulate the inflow of foreign investment. The mechanism for attracting foreign investments is presented, covering strategic, intermediate and current goals, a list of forms, methods, objects and tools of influence. The practical significance of the research. The practical implementation of the proposed measures will make it possible to intensify the attraction of foreign investments in Ukrainian enterprises. Conclusions and perspectives of further research. The problem of attracting investments into the economy of Ukraine is related to the lack of motivation to invest, insufficient accumulation of resources by the main groups of investors, a wide outflow of capital abroad, etc. Unfavorable investment climate caused by military actions, occupation of territories and destruction of infrastructure, migration of experienced specialists abroad, extremely unstable economic situation in the country, slowdown of economic reforms, high level of corporate taxation, instability of legislation, corruption, low purchasing power of the population, low predictability of junctures of commodity and raw material markets, significant price fluctuations; imperfection of ownership and shareholding relations, becomes the main obstacle in attracting investments. However, there are undoubtedly attractive factors for investing in Ukraine's economy, including the attractive geographical position determined by the country's location in the center of Europe at the crossroads of trade routes, the presence of an educated workforce, as Ukraine has a very high intellectual and professional level of manufacturers. Also, labor is cheap. Ukraine has favorable conditions for the introduction of high technologies, which is facilitated by the presence of performers with a high intellectual level. Also, relatively cheap raw materials and energy resources, which contributes to the low cost of manufactured goods. The obtained results showed a high dependence between the amount of FDI and the level of GDP in the country (correlation coefficient is 0.82), and a direct interdependence was revealed, which means that with the growth of GDP, the amount of foreign investment will increase, which is logical, because with the growth of GDP, the country is investment attractive for a foreign investor. The high correlation between the volume of foreign investment and the availability of labor in the country (correlation coefficient is 0.79) means that the availability of labor, including skilled labor, is extremely important for the investor (this is also evidenced by the interdependence between FDI and state spending on education in the country ), since the ease of hiring employees and their productivity depend on it.

Study of Challenges and Opportunities that SMES Encounter in Integrating Ai-Driven Approaches into their Marketing Strategies in the Indian Context

This research explores the complex world of small and medium-sized enterprises (SMEs) in India, looking at the potential and problems they have when trying to use AI-driven methods in their marketing campaigns. AI technologies provide SMEs with the opportunity to transform their marketing strategies as the business environment continues to change at a fast pace. The study intends to highlight the opportunities that these technologies bring as well as fully comprehend the obstacles preventing the smooth integration of AI tools into marketing operations. We will carefully look at the obstacles that Indian SMEs face when implementing AI-driven strategies. These obstacles include lack of funds, inadequate technology infrastructure, and a lack of knowledge and comprehension of AI applications. Concurrently, the research will highlight prospects that arise from using AI, delving into improved consumer targeting, tailored marketing strategies, and data-centric decision-making. It will also examine how AI affects marketing efficacy, providing insight into performance indicators and return on investment for small and medium-sized enterprises

Impact of Microfinance Institutions Lending on SMEs Growth in Zimbabwe

This study investigated on the impact of microfinance lending on Small to Medium enterprises (SMEs) growth. This study adopted pragmatism philosophy wherein both positivism and interpretivism approaches were deployed. This study also adopted descriptive and explanatory research designs; the explanatory design for quantitative research and the descriptive survey for qualitative research. Proportionate stratified random sampling was used to select respondents that participated in questionnaires and judgemental sampling to select respondents who participated in interviews. Data was collected through the use of questionnaires with closed ended questions and interview guide instruments. Data was analyzed using Statistical Package for Social Sciences (SPSS), Thematic Approach, Microsoft Excel, and Microsoft Word packages. The study found that MFIs sell financial and non-financial products to clients. MFIs provide basic business skills, help with capital investment decisions, general business management and risk management. This finding extends the current body of knowledge on microfinance institutions lending impacts on SME growth. The study recommends that leadership strategy is one of the important strategies that can be embraced by MFIs to enable them survive competition in the market. MFIs need to increase flexibility, use holistic and innovative financing, employ research, take advantage of technology and make lending personal to SMEs. Because the transactions are frequently small and the clients are mostly from difficult-to-reach locations, most formal financial institutions regard the poor as high risk and high cost. Microfinance institutions must break these barriers. This allows low-income families (SMEs) to stabilize their income flows and save for future needs. MFIs need to keep on providing their services to SMEs. MFIs also need to keep providing business training to equip SMEs with requisite skills in savings mobilization and micro enterprise investment options. Policymakers and other social partners must develop and implement strategies to boost SME growth in their respective countries. To build a knowledge base for SME growth, authorities at the local, national, and regional levels must conduct evidence-based analysis to feed social dialogue and policymaking processes.

Who should own the data? The impact of data value creation on data ownership

With the popularization and application of the Industrial Internet of Things, equipment manufacturers as upstream enterprises can collect in real time the operational data of their downstream enterprise customers’ devices. As the notion of “data as an asset” gains acceptance, enterprises increasingly value the data value chain. In the current market mechanism, ownership of data is not clear, which hinders the creation of data value. This study establishes a theoretical analytical model that considers the influences of the benefits and losses derived from value co-creation on claiming data ownership. Benefits obtained by upstream and downstream enterprises through data and losses incurred owing to data breaches are distinct, which impact their investments in data security and data authorization. Results reveal that investments in data security by upstream businesses are affected by benefits and losses and also correlated with data ownership. Conversely, if the downstream enterprise owns the data, its expected benefits can inversely affect the upstream's data security investment—increasing the downstream's benefits can lead to reduced security investment by the upstream, even though other factors may encourage the upstream to invest more in data security. The impact of who owns the data on the security investments of both upstream and downstream enterprises becomes less pronounced when the expected benefits or potential losses for one side grow. Lastly, the current study provides guiding principles for upstream businesses to claim data ownership, thereby facilitating the exploration and utilization of data value co-creation opportunities for upstream and downstream businesses.

Sample Size Estimation and Statistical Analysis of Cholangiography Robots

In recent years, with the continuous innovation of medical devices encouraged by the government and the investment and attention of enterprises in research and development, coupled with the relevant requirements of the CDE (Center for Drug Evaluation) of the National Medical Products Administration, in order to improve the efficiency of trials and accelerate the launch of cholangiography robots, medical device research and development enterprises are increasingly focusing on the design of clinical trial plans, adopting more scientific, reliable, efficient and standardized statistical designs. Insufficient sample size may lead to issues with sample representativeness, while human centered trials are very expensive, and excessive sample size could increase the difficulty of clinical research. Therefore, this study used the "golden rule" of RCT (Randomized Controlled Trials), combined with the outcome indicators, test level, confidence, dropout rate, etc., to estimate the number of cases in the clinical efficacy comparison study of the cholangiography robot.

Governance of nonstate shareholders and short-term debt for long-term investments

ABSTRACT We study the relationship between nonstate shareholder governance and short-term debt for long-term investment of state-owned enterprises in China from 2009 to 2021. Drawing on a novel, hand-collected database, we find that nonstate shareholder governance has a significantly negative effect on short-term debt used for long-term investments. Our study provides a new analytical perspective for maturity mismatch and theoretical support for deepening the reform of state-owned enterprises.

Two-sided platform customer classification system based on network DEA: an application to an on-demand freight platform

Two-sided platforms include two parts of users, customers and suppliers, which are the key strategic resources in two-sided platforms. Through Customer Intelligence Classification (CIC) management provided in this study, a platform can distinguish different values of customers to allocate resources efficiently and maximise customer resource value and enterprise investment returns. Meanwhile platform can also distinguish collusive drivers through CIC. Network Data Envelopment Analysis (NDEA) is applied in this research to open the black box of a two-sided platform operation system by dividing it into two sub-processes: Marketing and Service (MS) sub-process and Value-Creating (VC) sub-process. Four categories of customers are classified through performance evaluated by NDEA from data of an on-demand freight platform Z from March to August in 2018. In addition, six influencing factors are discovered through Panel Regression Model. The main conclusions are: (1) Customer with high marketing service valuation and low value-creating valuation, needs proper operation methods to promote their order quality. (2) Customer with low marketing service valuation and high value-creating valuation, needs to take attention to collusion between customers and driver. (3) Shipping fee, client number, driver number and coupons per order should become customers’ Key Performance Indicators to evaluate their potential.

Remittances, Debt Service Payments and Economic Growth in Nigeria

The study investigates the intricate relationship between the effects of remittances (REMIT) and debt service payments (DSP) on economic growth (RGDP) as well as other key variables, external reserve (ER), foreign direct investment (FDI), and external debt (EXTD) on economic growth (RGDP) in Nigeria from 1995 to 2021. Various statistical techniques, such as Ordinary Least Square (OLS), Augmented Dickey Fuller (ADF) tests and ARDL, were used. The result indicates the existence of a positive correlation between RGDP and FDI; DSP and ER exhibit a moderate negative correlation, while REMIT and DSP show a strong negative correlation. ER and REMIT indicate a correlation, while EXTD and ER indicate a negative correlation. All variables are I(1) and the ARDL Bound test for co-integration indicates that a long-run relationship exists between dependent and independent variables. ARDL estimation shows that only the coefficient of external debt is significant. The R2 shows that 84% of the variation in RGDP is explained by the independent variables. The test for autocorrelation (DW = 2.33) indicates no autocorrelation in the error term.
 This study recommends that policymakers should implement measures to attract and retain foreign investments, given the positive impact of FDI on RGDP, and Policymakers should explore strategies to channel remittances into productive sectors, such as investments in infrastructure, education, and small-scale enterprises.

The Impact of Corporate Social Responsibility on Environmental Investment: The Mediating Effects of Information Transmission and Resource Acquisition

In recent years, more and more research has focused on the impact of corporate social responsibility (CSR) on business activities. Due to the existence of two different theoretical perspectives, shareholder value theory and managerial opportunism theory, the research on CSR has reached different conclusions. Meanwhile, the motivations for environmental investments in enterprises have received attention from scholars. However, there is a lack of empirical research on the relationship between CSR and environmental investment. Therefore, this study conducts a regression analysis on the external evaluation of CSR and enterprises’ environmental investment using data from Chinese listed companies. The empirical results show a significant positive relationship between the external evaluation of CSR and enterprises’ environmental investment. The mediating tests conducted based on information transmission and resource acquisition mechanisms explain the reasons for this promotion effect, supporting the shareholder value theory. Furthermore, our research finds that this promotion effect is more significant in non-state-owned enterprises, enterprises receiving fewer environmental subsidies, enterprises disclosing environmental philosophies, and enterprises identified as key pollution-monitoring units in reports. The research findings of this study are meaningful for clarifying the economic consequences of CSR and provide practical evidence for Chinese enterprises to understand the importance of environmental investment and the government’s advocacy for enterprises to proactively engage in environmental investment.

FEATURES OF INNOVATIVE AND INVESTMENT DEVELOPMENT OF ENTERPRISES IN THE AGRICULTURAL SECTOR

The presence of a sufficient number of different forms of ownership and forms of management in the agricultural sector complicates the mechanism of financial investment in enterprises of the appropriate profile. It also affects investment processes in the agricultural sector. Stimulating investments in the agricultural sector has a decisive impact on both agriculture and the development of the economy in general. In the agrarian policy of Ukraine, as in the agrarian policy of developed countries, increasing investment attractiveness is one of the priorities. Of course, economic development is impossible without investments. From this point of view, the question of forming a financing mechanism for the sustainable development of agriculture remains relevant. Currently, investment growth is one of the main conditions for meeting the demand for high technologies, which is determined by the need for intensive development of agriculture. Low investment activity in the past years, the scale of investments in the fixed capital of agriculture do not meet the real needs of renewal and modernization of production. Therefore, the most urgent task for the development of the agricultural industry is the formation of a favorable investment climate and the activation of investment activities of all business entities. This is possible mainly on the basis of increasing investment activity while simultaneously increasing the efficiency of investment, especially innovative, which is very important in the conditions of limited resources necessary for rational financing of the development of agricultural production. Investments increase production productivity, increase the availability of food in the market and help keep prices low, making food more affordable for rural and urban consumers. Also, investments in agriculture reduce the vulnerability of food supplies to shocks, contributing to the stability of consumption. A favorable investment climate helps mobilize capital, skills, technology, and intermediate resources that enable firms to expand, thereby helping to direct resources to more productive uses.

Strategies for Chinese Enterprises to Overcome Investment Obstacles in Kazakhstan in the New Era

In the new era, Kazakhstan's successful accession to the WTO, the introduction of new economic policies such as the "Bright Path" and the 2050 Strategy, and China's proposal for the construction of the "Silk Road Economic Belt" have drawn significant attention from investment enterprises of both countries. Undoubtedly, these developments provide opportunities for Chinese enterprises investing in Kazakhstan. However, in the process of investment, Chinese enterprises in the new era also encounter obstacles such as the underdeveloped infrastructure in Kazakhstan, strict foreign exchange controls, weak financial risk resistance, overly concentrated investment areas, and competition pressure from well-established enterprises in developed countries. Finally, strategies are proposed for Chinese enterprises in the new era to address these obstacles.

Can access to urban networks promote urban development? Evidence from the Yangtze River Delta region of China.

The regional networking strategy is widely implemented in China as a normative policy aimed at fostering cohesion and enhancing competitiveness. However, the empirical basis for this strategy remains relatively weak due to limitations in measurement methods and data availability. This paper establishes the urban networks by the enterprise investment data, and then accurately measures the network's external effects of each city by the method of MGWR model. The results show that: (1) Regional networking plays a significant role in urban development, although it is not the dominant factor. (2) The benefits of network connections may vary depending on the location and level of cities. (3) The major cities assume a pivotal role in the urban network. Based upon the aforementioned research conclusions, this paper presents strategic measures to enhance the network's external impacts, aiming to offer insights for other regions in formulating regional development strategies and establishing regional urban networks.

Analysis of Tax Risk Management and Control in Port Machinery Manufacturing Industry--Taking Enterprise S as an Example

Port machinery manufacturing has a long history in China and plays an important role in promoting the country's economic progress. Advanced port machinery not only enhances the ability of ports to handle goods, but also effectively cuts down on logistics expenses, thus solidly supporting the country's economic pulse. Against this background, preventing and dealing with the VAT tax risks faced by the port machinery manufacturing industry and improving tax compliance of taxpayers have become key issues. In this paper, a port machinery manufacturing enterprise in the stage of product upgrading and transformation is selected as the research object, and 2020 is taken as the benchmark, focusing on the tax situation of the enterprise in 2021 and 2022. In the case study of this enterprise, this paper adopts a tax-related risk model and longitudinal data analysis within the enterprise to identify in-depth the value-added tax (VAT) and corporate income tax (CIT) risks of the port machinery manufacturing enterprise, as well as the tax-related risks of the enterprise's investment and merger and acquisition business, so as to control the enterprise's tax risks and promote the sustainable development of the enterprise.