Performance Of Enterprises Research Articles

Analysis of the Impact of PP&E Two Subsequent Measurement Models on Enterprise Financial Reporting and Financial Performance

Abstract: Measurement based on PP&E has been controversial in accounting in recent years. This paper analyzes the contributions and risks of two subsequent measurement models of PP&E to the financial reporting and performance of enterprises. It also explores the relationship between the two models. This study aims to provide a reference for companies in the selection of subsequent measurement model of PP&E. According to previous research, the cost model provides more timely and understandable information for financial reporting and reduces the cost of preparing reports. It also improves the objectivity and verifiability of financial performance. However, the cost model may not show the true value of a company's PP&E. The revaluation model provides more relevant information for financial reporting and reduces information asymmetry. It also positively affects the company's future financial performance. However, revaluation models are highly subjective, susceptible to bias manipulation, and can lead to misleading information due to value reversal. The relationship between the two models can be explained as a slow evolution from the cost model to the revaluation model, but not a complete replacement.

The Value Effect of ESG Performance and Corporate Governance Innovation in Chinese Enterprises under High-Quality Development

Abstract: This paper arises from the ongoing development of ESG (Environmental, Social, and Governance) information disclosure and governance in recent years, and the academic interest in these areas. While numerous discussions on ESG information disclosure and governance exist, a comprehensive review and summary are still lacking. This paper focuses on academic research on the application and innovation of ESG information disclosure and governance in Chinese enterprises, aiming to provide research directions and perspectives for future researchers. The main data sources for this study are CNKI and CSSCI, selecting papers and journals from the past ten years and using Citespace to analyze the collected data. The results show that corporate value is closely linked to consumer interests. Through innovations in ESG governance models, operational risks are reduced, resource utilization is improved, and the social functions of enterprises are highlighted, achieving sustainable development.

The Impact of Green Logistics on the Sustainable Development of Enterprises

This study examines the importance of green logistics for the sustainable development performance of enterprises. It analyzes the connotation and application of green logistics, the significance of corporate sustainable development, and the relationship between the two, to clarify the decisive influence of green logistics in contemporary enterprises. At the same time, it points out the existing problems in the development process of green logistics from multiple perspectives, indicating that the further development of green logistics requires the efforts and cooperation of enterprises, governments, and multiple parties in the supply chain. Following this positioning, several conceptual solutions are proposed, such as the innovation and sustainable utilization of green technology and green management in logistics, and the government's role as a third party in regulating the application of green logistics. The research results have theoretical significance, highlighting the impact of green logistics on corporate sustainable development and the important role of the government in sustainable development. The practical significance includes improving corporate sustainable development performance indicators in the technical and management dimensions, in order to further improve the organization's sustainable operations and behavior.

The Impact of ESG on Corporate Performance: A Case Study of Yunnan Baiyao

Abstract: With the deepening integration of the global economy and the widespread acceptance of sustainable development principles, Environmental, Social, and Governance (ESG) factors have become critical elements influencing long-term value and financial performance of enterprises. Globally, an increasing number of companies are paying attention to ESG factors and integrating them into their strategic planning and operational management. This paper employs case study analysis and accounting-related indicators analysis to evaluate the ESG practices of selected enterprises from the dimensions of environment, society, and governance. It then combines financial indicators to analyze the impact of ESG on their financial performance and the reasons behind it. Finally, suggestions are made on how to achieve sustainable development through improved ESG management.

Small-scale Enterprises Performance and Economic Growth in Kumasi Metropolis, Ghana: Mediating Role of Technology

Small-scale Enterprises Performance and Economic Growth in Kumasi Metropolis, Ghana: Mediating Role of Technology

How does social security contribution affect enterprise performance: A perpective based on new structural economics

This paper empirically analyzes the impact of social security contributions on firm performance using data from China's Shanghai and Shenzhen A-share listed companies from 2010 to 2022. The findings show that social security contributions have an inverted U-shaped relationship with firm performance, which is due to the fact that the human capital effect of social security contributions is greater than the crowding-out effect before the optimal point, and the crowding-out effect is greater than the human capital effect after the optimal point is reached. The above conclusion still holds after a series of robustness tests. In addition, this paper constructs the optimal social security contribution rate for enterprise performance from the relevant theory of factor endowment change in new structural economics, and at the same time finds that deviation from the optimal social security contribution rate reduces enterprise performance. This paper analyzes the heterogeneous roles played by both the social security contribution rate and the optimal social security contribution rate, and it can be found that these results vary across firms with different property rights and factor intensities. The findings of this paper provide policy considerations for setting the optimal social security contribution rate.

The interplay of digital transformation, agility, environmental volatility, and innovation to spur enterprise performance: Evidence from Chinese electric vehicle firms

Given the rapid growth of China's electric vehicle (EV) industry, with sales expected to reach over 10 million units annually by 2025, there is an urgent need to understand how digital logistics, supply chain agility, and innovation can drive sustainable performance amidst increasing environmental volatility. This study utilises the dynamic capability theory and proposes a framework that examines the interplay between digital transformation, agility, dual innovation, environmental volatility, and enterprise performance. A survey was circulated among the managers working in the EV industry. We received 197 responses. The data was analysed using Smart PLS software using structural equation modelling (SEM). The findings reveal that digital transformation has significant positive relationships with enterprise performance, agile capability, and innovation capability. Additionally, agile and innovation capabilities have positive effects on enterprise performance. The study recommends investment in digital transformation programs and fostering an agile, innovative culture in the EV industry.

The moderating effect of ESG pressures on the relationship between the environmental management capabilities and the non-financial performance of Korean SMEs

Based on the resource-based view and institutional theory, this study investigates the impact of their environmental management capabilities and environmental, social, and governance (ESG) pressure on the non-financial performance of small and medium-sized enterprises (SMEs). In particular, it examines the interaction effect of ESG pressures on the relationship between SMEs’ environmental management capabilities and non-financial performance. For this study, a total of 1865 SME lists were obtained through Jeonnam Techno Park and Jeonnam Small Business Job and Economy Promotion Agency. Based on this, a total of 127 questionnaires were returned as a result of a telephone, e-mail, and online survey, and finally, an empirical analysis was conducted based on 120 questionnaires. We conducted an empirical analysis of Korean SMEs and obtained the following results: First, environmental management capabilities have a significant, positive effect on SMEs’ non-financial performance. Second, ESG pressure has a significant, negative effect on the non-financial performance of SMEs. Next, we analyzed the moderating effect of ESG pressures and observed that ESG pressures strengthen the positive effect of environmental management capabilities on non-financial performance. Based on the resource-based perspective and institutional theory, this study provides meaningful academic implications by examining environmental management capabilities and ESG pressures, which have not been identified in previous studies, as factors of non-financial performance that are becoming important under the new management paradigm, such as climate change and ESG. Furthermore, while ESG pressure has a significant negative effect on non-financial performance, we find that it is a moderating variable that strengthens the relationship between SMEs’ environmental management capabilities and non-financial performance, which has useful academic and practical implications for ESG and strategic management.

Empirical Analysis of the ESG and Financial Performance: Evidence from Chinese Technology Enterprises

To date, the concept of sustainable development has gained global attention from companies and investors. One important reason for this is the increasing interest of investors in incorporating environmental, social, and governance (ESG) elements into their investments. The purpose of this dissertation is to analyze the correlation between ESG factor performance and corporate financial performance in Chinese technology enterprises. Additionally, the study focuses on Internet and medical technology companies to ensure relevance. The findings of the study provide guidance on ESG investment and sustainability for both companies and individual investors.

Quality management in the context of performance and agility of manufacturing enterprises

The application of quality management methods and tools is an important prerequisite for the success and performance increase of manufacturing enterprises. The paper deals with the application of methods and tools of quality management (MTQM) in manufacturing enterprises. The paper aims to analyze whether there is a relationship between the application of MTQM and the size of enterprises, the use of MTQM, and the performance of enterprises measured through the achieved profit. It also analyzes the impact of MTQM on the agility of manufacturing enterprises measured through the decrease in sales expressed in revenues during the pandemic period. The paper presents the results of the research which was conducted between 2020–2022. Several statistical tools such as the Chi-square goodness-of-fit test, Pearson’s chi-square test, and contingency analysis were used to evaluate the different analyses as well as the representativeness of the sample. Based on the results, it can be concluded that there are differences in the use of MTQM and the size of the enterprise as well as the performance of the enterprises. At the same time, the hypothesis that enterprises using a wider range of quality management methods and tools have a higher potential to adapt to unexpected market changes was also confirmed.

Enhancing customer satisfaction through IIoT-Enabled coopetition: Strategic insights and impacts

This research investigates the significant role of Industrial Internet of Things (IIoT) to enable Coopetition Network Practices (CNPs) in enhancing the performance of Small and Medium Enterprises (SMEs) within the context of global digital supply chains. Employing a quantitative approach, our study reveals that CNPs contribute to a noTable 51.0 % improvement in factors determining customer satisfaction. This underscores the strategic importance of blending competition with collaboration to refine production processes and align with consumer expectations. Additionally, the research presents a remarkable 69.1 % boost in operational consistency and reports substantial progress in manufacturing flexibility and the value-to-weight ratio, witnessing increases of 125.8 % and 33.2 %, respectively. These improvements are pivotal in optimizing production resources, which in turn, have led to a 29.3 % decrease in customer complaints and a 15.6 % rise in on-time delivery rates. Conversely, a slight decline in the consistency of the value-to-weight ratio was observed, pointing to potential areas for future research. The findings decisively show that CNPs offer concrete advantages by enhancing customer satisfaction determinants and operational efficiency in SMEs. The paper advocates for future studies to directly measure customer satisfaction and to formulate actionable guidelines for the effective implementation of coopetition strategies. This proposed research direction aims to provide solutions to the manufacturing sector's emerging challenges, thereby promoting competitive advantage and growth in the digital era.

Concentrated bank market and SMEs’ collateral issues: a study of the firms of developing Asian countries

Collateral is a significant challenge for small and medium enterprises (SMEs) in acquiring formal credit. Bank market concentration can cause to increase collateral demand through enhancing bank market power. This study explores the relationship between bank market concentration and the collateral challenges faced by SMEs in accessing bank credit by employing a probit regression model. The analysis utilizes a sample of over 25,000 firms from 19 developing Asian nations. The datasets combine firm-level data sourced from the Business Environment and Enterprise Performance Survey (BEEPS) with country-level financial data obtained from the Global Financial Development Data (GFDD) which are provided by the World Bank. The results reveal a significant positive correlation between bank market concentration and the collateral challenges encountered by SMEs in developing Asian countries. In markets characterized by high levels of banking concentration, financial institutions tend to exhibit risk-averse behavior, manifesting in an increased propensity to demand collateral for both SME and large enterprise loans. Consequently, this heightened bank concentration exerts additional pressure on SMEs in acquiring bank credit. To foster an environment conducive to SME financing, countries with high levels of banking concentration should enact regulatory measures aimed at managing and constraining market concentration levels.

Efficiency of small business: the case of Nigeria

The concept of entrepreneurial orientation (EO) has been widely discussed through previous studies in entrepreneurship, so it can be considered as one of the main topics in this field, and the most commonly used measure of entrepreneurial behaviour. The main objectives of the study were to determine the effect of entrepreneurial orientation on small and medium sized enterprises and also to examine the effect of innovative performance on EO. The study population refers to selected SMEs that were registered with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in Ogun State, Nigeria. The primary data was generated through the field survey using structured questionnaire as a major research instrument. Taro Yamani scientific formula was adopted to determine the sample size. Correlation statistical analytical, Pearson Product Moment correlation Coefficient method and content validity method was applied. The study used Analysis of variance (ANOVA), correlation efficiency, and regression analysis for this study. The research found that there is a significant effect of entrepreneurial orientation on small and medium sized enterprises performance in Nigeria. Moreover, the results of the study indicated that EO affects innovative performance. The study recommends that small and medium sized enterprises should embrace the entrepreneurial orientation dimensions of autonomy, pro-activeness, risk taking, competitive aggressiveness and innovativeness to increase business performance and SMEs operators should adopt autonomy by encouraging employees to be autonomous and be free to take initiative for the best interest of the organization and use periodic appraisal to monitor them.

NURTURING DOMESTIC OPEN-SOURCE TALENTS TO EMPOWER NEW-QUALITY PRODUCTIVITY: CONNOTATIVE CHARACTERISTICS AND DIRECTION OF PROMOTION

The domestic open source industry is showing a vigorous development trend, with many industrial-level open source projects springing up, injecting new vitality into China's independent innovation and industrial development. However, in the face of global competition, we must face up to the challenges we are currently facing. China's open source community is still in a disadvantageous position on the international stage. There is a significant gap between the performance of enterprises in the open source field and that of foreign countries, and there is also a serious shortage of open source talent reserves in domestic universities. In view of this, this article deeply analyzes the shortcomings in the development of open source industry talents, focuses on how to inject strong impetus into new productivity, and deeply explores the connotation characteristics and promotion path of open source talent cultivation, emphasizing the key role of open source talents in the formation of new productivity. Based on these analyses, this article proposes a series of countermeasures and suggestions, including supporting the development of open source communities, strengthening the construction of open source talent teams in enterprises, strengthening the cultivation and echelon construction of open source talents in universities, integrating talent elements and scientific and educational resources, and exerting the siphon effect of talents, aiming to help China achieve a leading position in the open source industry and promote the sustainable development of new productivity.

The Impact of Environmental Assessment of Green Innovation on Corporate Performance and an Empirical Study

Green innovation is an important part of environmental evaluation, which will promote low-carbon economy and directly or indirectly impact enterprises' development performance. The research on environmental evaluation of green innovation mainly focuses on the theoretical aspect, elaborates on waste recycling, social responsibility, etc., lacks practical research methods, and ignores the impact of green innovation. In order to further study the actual impact of green innovation on environmental assessment and the promotion of enterprise performance, this paper proposes a factor regression analysis method. First of all, as well as related literature, the content and indicators of green innovation are extracted, the indicators are standardized, and the invalid indicators are eliminated. Then, a regression analysis of enterprise performance is carried out according to the indicators to find out the main influencing aspects. Finally, the problematic indicators were analyzed, the causes of the indicators were explored, and relevant countermeasures were proposed based on the regression results. The results of the study show that social supervision (X32), government supervision (X31), environmental report disclosure (X11), profit evaluation system (X23), production competitiveness (X21), Environmental technology (X13) and investment (C) are the main influencing indicators, and the degree of enterprise performance has a significant impact. Therefore, enterprises should start from the aspects of environmental report disclosure, social supervision, and profit evaluation system, and formulate measures and countermeasures to improve the role of environmental assessment in green innovation in promoting enterprise performance.

ESG performance and green innovation of Chinese enterprises: Based on the perspective of financing constraints

Sustainable development needs to rely on green innovation. Enterprise ESG performance rating to alleviate the information asymmetry between enterprises and investors, for the green innovation provides development opportunities. However, there is a lack of research on the mechanism of the two based on the perspective of financing constraints. Therefore, considering the theories of sustainable development, green innovation, financing constraints and stakeholders, the basic mechanism and non-linear mechanism of ESG and green innovation are explored, aiming to provide reference for playing the role of ESG performance in promoting green innovation. The results show that better ESG performance can significantly promote the output of green innovation, and this promoting effect exists for both high-end green innovation and low-end green innovation, and its main channel is to alleviate financing constraints. In addition, this incentive exists a double threshold of digital finance and a single threshold of enterprise scale. Perfect digital finance and larger enterprise scale will strengthen the incentive effect of enterprise ESG performance on green innovation output. Considering financing constraints, this study further clarifies the relationship between enterprises ESG performance and green innovation, enriching the theoretical framework of green innovation and offering a new pathway for advancing green innovation among Chinese enterprises.

The impact of phasing out subsidy for financial performance of photovoltaic enterprises: evidence from “531 new policy” on China’s photovoltaic industry

In the past two decades, China’s government subsidy policy has promoted the rapid development of the photovoltaic industry. Concerns have been raised about how the financial performance of China’s photovoltaic firms changes with the gradual cancellation of subsidies. Taking the “531 New Policy” of China’s photovoltaic industry as an exogenous shock, based on the sample of listed companies in Shanghai and Shenzhen A-share photovoltaic industry from 2015 to 2023, this paper uses the diference-in-diferences model to study the impact of the phasing out subsidy on the financial performance of photovoltaic enterprises from the micro level. The study found that the implementation of the “531 New Policy” significantly reduced the financial performance of photovoltaic enterprises in general. Considering the difference of industrial chain links, the negative impact of decreasing subsidies on the financial performance of downstream photovoltaic enterprises is more significant, among which R&D investment plays a partially intermediary role. In addition, the phasing out subsidy has a more significant negative impact on the financial performance of senior and eastern enterprises than young and midwest enterprises. The conclusions of this study have important practical implications for photovoltaic enterprises’ decision-making under the changing external policy environment.

Supply chain management and the performance of small and medium scale enterprises in Nigeria

This paper examined the relationship between supply chain management practices (SCM) and performance of small and medium enterprises (SMEs) in Nigeria. It aimed to explain how SCM practices like strategic suppliers’ alliances, information sharing, and collaborative governance impacts the performance of SMEs in Nigeria. SME success was measured using a continuum of operational efficiency, customer satisfaction, and profitability. To reach the study's goal, a survey research approach was used, with a sample of 352 respondents representing the owners and senior management members of registered SMEs in Nigeria. Because the study depended on quantitative analysis, respondents' opinions were collected using a standardised closed-ended questionnaire. The gathered data was analysed using IBM SPSS 28 and IBM AMOS. The study found a positive and substantial correlation between chosen SCM practices and the performance of SMEs in Nigeria, as shown by the coefficients and p-values (SSA = 0.544; P <.001; IFS = 0.621; P <.001; CGV = 0.673; P <.001). It is therefore argued that SCM techniques such as strategic partnerships with suppliers, information sharing, and collaborative governance have a favourable and significant influence on the performance of SMEs in Nigeria. Consistent with the findings and current literature, this study recommends that Nigerian SMEs form strategic supplier relationships by sharing continuous improvement programs with important suppliers and include key suppliers in their planning and goal-setting processes. Keywords: Supply Chain Management, Strategic Supplier Alliance, Information Sharing, Collaborative Governance, Performance.

Innovation capabilities and performance of small and medium-sized enterprises in Indonesia

Orientation: Entrepreneurial orientation (EO), knowledge management (KM), human resource management (HRM) and knowledge sharing (KS) are important aspects in driving innovation capabilities (IC) to improve organisational performance (OP).Research purpose: The purpose of this research was to analyse the mediating effect of IC on individual EO, KM, HRM and KS and small and medium-sized enterprises (SMEs) performance.Motivation for the study: The fluctuation in batik business performance can be attributed to a lack of studies that examine the dynamic capability perspective in the context of batik SMEs in developing countries.Research design, approach and method: A quantitative approach was used for this study. A structured self-administrative measuring instrument was employed to collect the data. A non-probability sample of 297 participants was obtained. The collected data were then analysed using SmartPLS3 software.Main findings: Innovation capabilities have been verified to significantly mediate the relationship between HRM and KS on OP. Innovation capabilities mediated the relationship between KS and OP in a negative direction, whereas previous studies indicate a positive direction.Practical/managerial implications: Entrepreneurial orientation has the most prominent role in OP in batik SMEs. An EO allows business actors to optimise their creativity and innovation to develop ideas, which helps maximise the growth of OP in SMEs.Contribution/value-add: This study’s results support the concept that EO develops various skills, from managing uncertainty to tolerating risk and forming strong entrepreneurial abilities to improve business performance.

Does the Imbalance of ESG Activities Affect Company Performance? -- Evidence from Chinese A-share Listed Companies from 2018-2022

In recent years, the concept of sustainable development has progressively gained traction among the populace, with the performance of enterprises in environmental, social, and corporate governance (ESG) aspects attracting widespread attention from various sectors of society. The weighting of E, S, and G components varies across domestic and international ESG rating agencies, often resulting in significantly divergent weighted ESG scores. Leveraging the theory of organizational ambidexterity, this paper empirically investigates the impact of discrepancies between institutional ESG scores and equally weighted ESG scores on company performance, utilizing a sample of Chinese A-share listed companies spanning the years 2018 to 2022. Our findings reveal that equally weighted ESG scores exhibit a correlation with company performance, and a higher positive percentage difference between a company's rating agency ESG scores and its equally weighted ESG scores is associated with lower performance. This suggests that the rating agency weighting method may inadvertently encourage companies to engage in "greenwashing." This conclusion remains consistent after conducting robustness tests. Heterogeneity analysis further indicates that the negative impact of this difference on company performance is more pronounced among non-state-owned companies, manufacturing companies, and small companies. The mechanism of action test reveals that this difference negatively affects company performance by exacerbating financing constraints and reducing operating efficiency.