Core Enterprise Research Articles

Blockchain-driven operation strategy of financial supply chain under uncertain environment

The emergence of blockchain creates a new possibility to solve the fraudulent problem of financial supply chain. We construct a game model to verify the strategic choice of the financial supply chain in an uncertain environment. We derive the equilibrium results and investigate the strategic choice of blockchain service for the financial supply chain. We also study the product price, product quantity, financing interest rate, and supply chain risk transmission, respectively. Specifically, when the blockchain is not considered, the financial model of supply chain led by core enterprises depends on firms’ reputation. The retail and wholesale prices increase when fraud occurs or consideration payment increases. Besides, the market stability reduces price performance. In the blockchain environment, the strategic choices are divided into two cases: when choosing the core enterprise model and the third-party service model, the third-party service model is the equilibrium strategy; when choosing the third-party service model and the platform model, the platform model is the equilibrium strategy.

Research on the Path of Cultivating Innovation Ability and Legal Consciousness of Talents in Innovative Enterprises

Under the new economic perspective, talent has become an important factor promoting the development of enterprises, for innovative enterprises, innovation ability of talents is the important performance of enterprise core competitiveness, and in a new round of technological revolution and industrial revolution, how to realize the effective cultivation of talent innovation ability and legal consciousness in innovative enterprises is a problems that enterprises need to solve. Legal consciousness, as the most basic literacy requirements, plays a guiding role in the cultivation of talents. In order to achieve the cultivation of innovation ability of talents, it is necessary to base on the cultivation of talent legal consciousness, to make the enterprise talent on the premise of basic legal literacy, constantly improve its innovation ability, and then promote the efficient development of innovative enterprises.

Research on the Evolution Mechanism of Cross-border E-commerce Ecosystem Based on Self-organization Theory

Cross-border e-commerce ecosystem is a complex, open and far from balanced business ecosystem. Due to the nonlinear interaction among the subsystems within the cross-border e-commerce ecosystem and the complex international environment of "Internet + foreign trade", it is difficult to study its overall development with traditional linear thinking and mathematical methods. System theory provides a theoretical basis for studying the development law of cross-border e-commerce ecosystem more scientifically. Based on the analysis of the evolution of cross-border e-commerce ecosystem and from the perspective of self-organization theory, this paper makes an in-depth study of the internal mechanism and driving force of the evolution of cross-border e-commerce ecosystem. It is believed that the evolution of cross-border e-commerce ecosystem is under the influence of certain environment, and the complex system automatically changes from disorder to order and from low order to high order through "self-organization" mechanism. The subsystems within the system cooperate through competition, and competition and collaboration jointly determine the development and evolution of the cross-border e-commerce ecosystem. Core enterprises and government departments of cross-border e-commerce ecosystem should jointly control the self-organization of cross-border e-commerce ecosystem, lead the system to an orderly structure, and ensure the healthy, sustainable and stable development of the whole ecosystem.

The under-loading cascading failure model: a tool for assessing the vulnerability of SME cooperation networks

PurposeThe behavior of the entities in a small and medium-sized enterprise (SME) cooperation network is influenced by the core enterprise. Addressing the problem of how the network vulnerability changes when the core enterprise is attacked is a challenging topic. The purpose of this paper is to reveal the failure process of SME cooperation networks caused by the failure of the core SME from the perspective of cascading failure.Design/methodology/approachAccording to the Torch High Technology Industry Development Center, Ministry of Science & Technology in China, 296 SMEs in Jiangsu province were used to construct an SME cooperation network of technology-based SMEs and an under-loading cascading failure model. The weight-based attack strategy was selected to mimic a deliberate node attack and was used to analyze the vulnerability of the SME cooperation network.FindingsSome important conclusions are obtained from the simulation analysis: (1) The minimum boundary of node enterprises has a negative relationship with networks' invulnerability, while the breakdown probability has an inverted-U relationship with networks' invulnerability. (2) The combined effect of minimum boundary and breakdown probability indicates that the vulnerability of networks is mainly determined by the breakdown probability; while, minimum boundary helps prevent cascading failure occur. Furthermore, according to the case study, adapting capital needs and resilience in the cooperation network is the core problem in improving the robustness of SME cooperation networks.Originality/valueThis research proposed an under-loading cascading failure model to investigate the under-loading failure process caused by the shortage of resources when the core enterprise fails or withdraws from the SME cooperation network. Two key parameters in the proposed model—minimum capacity and breakdown probability—could serve as a guide for research on the vulnerability of SME cooperation networks. Additionally, practical meanings for each parameter in the proposed model are given, to suggest novel insights regarding network protection to facilitate the robustness and vulnerability in real SME cooperation networks.

Model analysis of smart supply chain finance of platform-based enterprises under government supervision.

The COVID-19 pandemic has made it more difficult and expensive for medium-sized enterprises (SMEs) to finance. In this context, relying on the network platform, smart supply chain finance effectively solves financing problems for small and SMEs. However, in the development of smart supply chain finance, there are still some problems such as unstable willingness of SMEs to participate in financing, difficulty in determining the optimal development mode of platform-based core enterprises and lack of appropriate regulatory measures. Based on whether the network platform can use its own capitals for lending, this study introduces two smart supply chain financial models (the dominant and cooperation models of platform-based core enterprises) to solve the above problems. In this study, we construct two evolutionary game models: the tripartite model, including government, platform-based core enterprises, and SMEs, and the quadrilateral model, including government, financial institutions, platform-based core enterprises, and SMEs. This study presents the evolution and stability strategies of each participant under different modes. In addition, we discuss the willingness of platforms to choose different modes and corresponding government supervision measures. This study offers several important conclusions. (1) Core enterprises that do not have the conditions to build a highly intelligent platform choose the cooperation model; otherwise, they will preferentially choose the dominant mode. (2) Under the dominant mode, the stable development of smart supply chain finance must rely on strict government supervision. (3) By adjusting the scope of tax rates and subsidies, the government can control the trend of mutual transformation of the two modes, so that the dominant mode and the cooperative mode can develop in a balanced way in the market.

Quadripartite Evolutionary Game of Sustainable Development of Supply Chain Finance with Government Participation

Under the background of carbon peaking and carbon neutrality, green supply chain finance (GSCF) points out the sustainable development direction of supply chain finance (SCF). In order to study the mutual influence of GSCF participants’ decision-making and the effectiveness of government promotion, this paper builds an evolutionary game (EG) model that consist of “governments, financial institutions (FIs), core enterprises (CEs) and small- and medium-sized enterprises (SMEs)”, discusses the stability of strategy selection, and uses MATLAB to conduct numerical simulations. The research results show that: (1) Government’s participation can effectively promote the sustainable development of SCF; (2) In order to maximize incentives for FIs to carry out a GSCF business, large penalties for non-loan and subsidies similar to the income difference between traditional commercial loans and green loans (GL) should be implemented at the same time; (3) The stability of supply chain (SC) cooperation and reasonable risk compensation to CEs can promote its guarantee; (4) The increase in the expected profit of SC and the increase in the positive effect of GM in the industry are conducive to promoting GM in SMEs.

Research on the Risk Contagion Path and Prevention of Supply Chain Finance Based on DEMATEL-ISM Model

The financing risk of enterprises in the supply chain is easily transmitted in the supply chain system, leading to the overall supply chain in financial difficulties. Therefore, it is necessary to analyze the links and transmission paths of risk generation and control them in time. In this paper, 15 factors are extracted from three perspectives: supply chain environment, financing enterprise and core enterprise, and a risk assessment system for supply chain finance is established. Based on this, the coupling method of Decision-making Trial and Evaluation Laboratory-Interpretative Structural Modelling (DEMATEL-ISM) is used to investigate the influence relationship among the factors and the multi-level recursive structural analysis of supply chain risk transmission paths. The results show that the DEMATEL-ISM model can visualize the interactions among three levels of supply chain financial risks: supply chain environment, financing firms, and core firms, and identify five key influencing factors such as innovation capability of core firms in the process of financial risk generation and transmission. This paper investigates the factors affecting the generation of financial risks in the supply chain and the risk transmission paths, and provides guidance for effective control and prevention of supply chain financial risks.

Three-Party Stochastic Evolutionary Game Analysis of Supply Chain Finance Based on Blockchain Technology

In the process of accounts receivable financing under supply chain finance, the phenomenon of accounts receivable forgery and default have caused great pressure on the supervision of financial institutions. We consider the integration of blockchain technology with a supply chain finance platform around the fraudulent default phenomenon in supply chain finance receivables financing and construct a three-party stochastic evolutionary game model among financial institutions, core enterprises, and Micro, Small, and Medium Enterprises (MSMEs). Firstly, we use Ito^’s stochastic differential equation theory to analyze the conditions for the stability of the behavior of game subjects. Secondly, we use numerical simulations to quantitatively analyze the impact of the regulatory strength of financial institutions, the information sharing of the blockchain platform, and the change of incentive parameters on the strategy choice of game subjects. Through the above analysis, we conclude that the information-sharing incentive coefficient promotes financial institutions to choose to connect to the blockchain platform, and the information-sharing risk coefficient and the regulatory intensity have the opposite effect on the blockchain platform construction. Meanwhile, the allocation of incentive shares has a significant influence on the core enterprises. Finally, we give priorities and directions for adjusting the relevant parameters to provide recommendations for financial institutions to regulate the financing process more effectively.

A Financial Management Platform Based on the Integration of Blockchain and Supply Chain.

Internet of Things (IoT) finance extends financial services to the whole physical commodity society with the help of IoT technology to realize financial automation and intelligence. However, the security of IoT finance still needs to be improved. Blockchain has the characteristics of decentralization, immutability, faster settlement, etc., and has been gradually applied to the field of IoT finance. Blockchain is also considered to be an effective way to resolve the problems of the traditional supply chain finance industry, such as the inability to transmit core enterprise credit, the failure of full-chain business information connections and the difficulty of clearing and settlement. Supply chain finance allows the strongest enterprise in the supply chain to apply for credit guarantee from the bank to obtain bank loans, and use the funds for circulation in the supply chain to ensure that each enterprise in the whole supply chain can obtain working capital to realize profits, so as to maximize common interests. In this paper, a financial management platform based on the integration of blockchain and supply chain has been designed and implemented. Blockchain is used to integrate supply chain finance to synchronize the bank account payment system, realize the automatic flow of funds, process supervision and automatically settle account periods based on smart contracts. The four functional modules of the system are designed using unified modeling language (UML), and the model view controller (MVC) architecture is selected as the main architecture of the system. The results of the system test show that the proposed platform can effectively improve the system security, and can use the information in the blockchain to provide multi-level financing services for enterprises in supply chain finance.

Pollution prevention strategies of SMEs in a green supply chain finance under external government intervention.

Small- and medium-sized enterprises (SMEs) are an important force in the promotion of economic development. However, SMEs in the supply chain are often severely punished by the government for polluting the environment through their production processes. Therefore, it is crucial to solve the environmental pollution problem of SMEs. To compensate for the "common knowledge" assumption of participants in traditional game theory, this study constructs an evolutionary game model of a green supply chain composed of SMEs, core enterprises, and commercial banks. The strategic decisions of the supply chain members are analyzed in relation to external interventions of the government. Subsequently, the impact of government incentives and penalties on these strategic choices is considered. The results show that government incentives can promote SMEs' choice to use pollution control strategies, and government penalties can reduce the risk of an SME defaulting, thus promoting the healthy development of a green supply chain finance system. Furthermore, increasing the new income of SMEs, raising the guarantee rate of core enterprises, and reducing the cost of green loans reviewed by banks and the guarantee cost of core enterprises can effectively promote the equilibrium of the tripartite evolutionary game. These findings indicate that the game model introduced here can effectively solve the environmental pollution problems of SMEs and promote the healthy development of a green supply chain finance system.

ESG-Driven Corporate Value Creation under the Paradigm of Ecological Civilization: Evidence from the Shareholder, Industrial Chain and Consumer Channels

The basis of green development is the sustainable development of enterprises, and the core of enterprises’ sustainable development is the transformation of business models through the reconstruction of corporate value. Under the paradigm of ecological civilization, the concept of ESG (Environmental, Social and Corporate Governance) is becoming an important force behind corporate value reconstruction, guiding enterprises to innovate business models in the direction of sustainability. Based on the idea of the dimensions of the “shareholder channel-industrial chain channel-consumer channel,” this paper builds up a theoretical framework to interpret how ESG creates corporate value through the shareholder channel, the industrial chain channel, and the consumer channel, and provides empirical tests. We find that: first, the sustainable transformation of shareholder preferences is the center for ESG’s creation of corporate value; second, ESG performance helps reduce the transaction costs between upstream and downstream enterprises in industrial chains; and third, differences in ESG products create differentiated value for consumers. This study reveals the transformation of the direction and mode of corporate value creation in the course of green transition and provides micro-evidence of enterprises’ transition toward ESG goals in the Chinese context.

Review and Prospect of Research on Enterprise Resource Based Theory and Enterprise Core Competence Theory

The concept of enterprise capability and the origin of the theory of enterprise capability both began before and after the first industrial revolution and gradually improved with the continuous development of economy and enterprises. The theory of enterprise capability covers a wide range of contents, among which the theory of enterprise resource base and the theory of enterprise core capability have always been the focus of academic research. Based on the brief introduction of the connotation of enterprise capability theory and the four major capability theories, the text will conduct in-depth research on enterprise resource-based theory and enterprise core capability theory. This paper mainly expounds the enterprise resource-based theory from two aspects: theoretical review and theoretical evolution.

Managing Emergency Procurement Using Option Contract under Supply Disruption and Demand Uncertainty

Effective and flexible procurement and production strategies are capable of alleviating and mitigating supply disruption and demand risk. Considering the price fluctuation caused by environmental change, we investigate the optimal procurement and production strategies under supply disruption and demand uncertainty based on option contract in a two‐stage supply chain consisting of a retailer who has two procurement opportunities and a supplier who has the emergency production chance. We explore the value of option contract by comparing it with the optimal decision making under no option contract. The result shows that option ordering and emergency procurement can coordinate the optimal strategies under uncertain environment, improving the economic performance of whole supply chain. When the disruption probability is high or the price of emergency procurement is lower, the higher option price can stimulate the supplier to produce more products to satisfy the retailer’s emergency order at a low price, which is beneficial to both, and the value of option ordering is greater. Otherwise, the emergency procurement is worth more for the core enterprise. The moderate exercise price is conducive to the long‐term cooperation of the supplier and the retailer.

Risk regulation strategy analysis of supply chain financing from the perspective of game theory

In terms of solving the financing difficulties, supply chain financing plays a role in lowering the financing threshold of upstream and downstream enterprises, breaking the bottleneck of upstream and downstream financing, and improving the competitiveness of core enterprises and supporting enterprises, which is of great significance in accelerating the capital operation and making commercial transactions more efficient and convenient. This article takes the supervision game in game theory research methods, to supply chain financing risk supervision game model is established, from the third party logistics enterprises to participate in, the third party logistics enterprise and financing enterprises union and government security three aspects analyzes the different roles of regulatory policy, and for financing enterprise, financial institution, third party logistics enterprise and government,. The conclusion shows that each party should enhance its own credibility and ability, and increase the opportunities for communication and cooperation with other parties, so as to promote the long-term operation and development of supply chain financing.

Enterprise Core Competency Theory and the Development of the Management Discipline

Enterprise Core Competency Theory and the Development of the Management Discipline

Research on the Relationship between Enterprise Culture and Enterprise Core Competitiveness: Taking Jinjiang Literature City as an Example

Research on the Relationship between Enterprise Culture and Enterprise Core Competitiveness: Taking Jinjiang Literature City as an Example

Collaborative adoption of blockchain technology: A supply chain contract perspective

The outbreak of COVID-19 has significantly affected the development of enterprises. In the post-pandemic era, blockchain technology has become one of the important technologies to help enterprises quickly gain market competitiveness. The heavy investment required of supply chain stakeholders to employ blockchain technology has hindered its adoption and application. To tackle this issue, this study aims to facilitate the adoption of blockchain technology in a supply chain consisting of a core enterprise and a small/medium-sized enterprise through an effective supply chain contract. We analyze the performance of a cost-sharing (CS) contract and a revenue-sharing (RS) contract and propose a new hybrid CS-RS contract for better performance. We conduct comparative analyses of the three contracts and find that the hybrid CS-RS contract can more effectively incentivize both parties to reach the highest level of blockchain technology adoption and achieve supply chain coordination.

Corrigendum: Cooperate or not with knowledge-advantaged ENGO: Motivating supplier environmental responsibility of competitive core enterprises

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KEPUASAN PETANI PLASMA TERHADAP PELAYANAN KEMITRAAN DI PTPN XIII PIR V NGABANG

Palm oil is one of the commodities that is seeded in Indonesia. It can be seen from the vast oil palm plantations has increased and the production of crude palm oil (CPO) is also increasing, in order to meet the demand for food and non-food industries. At home, in a span of 14 years from 1990 to 2003 the consumption of palm oil has increased every year, in 1990 the new consumption of 1.2 million tons, in 2003 increased to 3.2 million.The purpose of this study was to determine the Plasma Farmers Satisfaction Of Service Partnership in PTPN XIII PIR V Ngabang. The method used daam this study is a survey method of research that is conducted to obtain the factors of the symptoms and seek factual information from a group or area. The questionnaire uses primary data with respondents numbering 50 people, the variables studied were Smallholders Satisfaction, Reliability (reliability), Tangible (Embodiment / physical evidence), Responsiveness (Seize Power), Assurance (Assurance), Empathy (Empathy).The results of the study are presented in tabular form and are described in the narrative, the result obtained is of 50 respondents regarding the services and materials in the guidance states Unsatisfied 27 respondents (54%), the quality of the means of production is satisfied by 32 respondents (64%), the service factory in TBS less able to accommodate as many as 25 respondents (50%), the core enterprise assistance in tackling pests and diseases of oil palm plantations is satisfied by 25 respondents (50%). Regarding the company's core discipline in obeying the agreement is satisfied by 28 respondents (56%), the core of the company's attitude towards the welfare of farmers not satisfied by 23 respondents (43.40%).Suggestions in this study to provide satisfaction to farmers is expected to the company must provide it in accordance with the wishes of farmers such as providing roads for village farmers routinely provide fertilizer to farmers in order to increase the production of oil palm fruits.Keywords: plasma farmers satisfaction, services, partnership in PTPN XIII ngabang.

Balance Analysis of Digital Industry Development Based on Web3.0

In the digital industry, it is very common for enterprises to collect data of customers, suppliers and businesses. For example, users can use products and services to provide valuable user data to improve existing products and services. Digital industry includes not only data industry, but also new products, new industries, new formats and new models brought by the integration of data industry with economy and society. From the emergence to the rapid development of Web2.0 technology, its technology has gradually matured and entered the Web3.0 era. This paper puts forward the path to promote the balanced development of digital industry in China, with a view to providing reference for the balanced development of digital industry in China. In this paper, on the basis of using entropy weight method to determine the weight coefficient, TOPSIS comprehensive evaluation method is added to make a more detailed treatment of the internal evaluation of indicators. The research shows that in the aspect of digital industry development, the weight coefficients of Jiangsu and Zhejiang are similar, being 0.6137 and 0.5374, and the development indexes are 0.1437 and 0.1339; It shows that the development of digital industry core industry and enterprise application in the city area has promoted the development of digital industry in the whole province.