Enterprises In China Research Articles

Environmental regulation effects from the perspective on the industrial chain: evidence from energy enterprises in China

More attention has been paid to environmental regulation of greenhouse gas emissions in the energy industry under the transformation of industrial structure. This paper takes microdata of Chinese energy enterprises from 1998 to 2012 as a sample to build a duty-sharing model, analyzes the effect of environmental regulations on the industrial chain, and explains the “double growth” phenomenon that occurred in China, which is nothing short of miraculous in terms of the environment and economy. In the industrial chain, the environmental obligations and responsibilities will be shared between upstream and downstream enterprises due to trade linkages. This paper finds that environmental responsibilities will move forward through the industrial chain when environmental regulations are strengthened. Downstream companies will loosen “relative” control constraints, thereby expanding output but increasing demand for upstream products. Different from the existing research, we claim that, since environmental regulation has a differential effect on the industrial chain, it will promote the growth of output in the entire chain, in contrast to the theory of “cost compliance”, which claims that environmental regulation will inevitably lead to the output. Based on this research, this paper puts forward some suggestions and insights on how the government implements environmental regulations.

Establishing a Big Data Driver for Digital Transformation, Supplier Concentration and Total Factor Productivity in Enterprises

<>Nowadays, various industries are increasingly investing in constructing big data platforms to achieve digitalisation. Digitalisation has become a critical factor in improving the efficiency and effectiveness of enterprises. This paper explores the influence of digital transformation (DIT) on corporate total factor productivity (TFP). Based on data from publicly listed enterprises in China from 2007 to 2022, this paper demonstrates that DIT significantly improves their TFP. Supplier concentration partially mediates the relationship between DIT and TFP. Furthermore, the enterprise life cycle moderates the impact of DIT on TFP. Specifically, during the growth stage, the influence of DIT on TFP is not significant. During the maturity and decline stages, DIT positively affects the TFP. The impact of DIT on TFP is particularly pronounced in enterprises in western China, as well as in large and high-tech enterprises. The paper examines whether, how and when DIT affect TFP. The findings contribute novel evidence that strategic DIT enable enterprise to improve TFP through decreased supplier concentration. For both scholars and practitioners, this research provides valuable insights into how digital transformation can pay dividends by improving overall productivity.<>

Temporal dynamics, key influencing factors and source tracking of antibiotics in the biofloc zero-change aquaculture system

As environmental pollutants, antibiotic residues have become a research hotspot. The source, transfer, and influencing factors of antibiotics in the biofloc zero-change aquaculture system remain uncertain. The biofloc zero-change shrimp system during the cycle of shrimp production of a typical aquaculture enterprise in China were investigated. Sulfadiazine and erythromycin-H2O were the dominant antibiotics in source water, pond water, biofloc, and feed. The total concentrations of antibiotics (TCAs) in source water and pond water increased, and were significantly higher (1.28–3.91 times) in source water than those in pond water at the corresponding stage (p<0.05). Pearson correlation showed that positive correlations were observed between suspended solids (SS), chemical oxygen demand (COD) and erythromycin-H2O, with correlation coefficients of 0.84 and 0.82, respectively (p<0.01). Multivariable linear regression analysis showed that COD was positively correlated with the TCAs. RDA demonstrated that COD and SS were positively correlated with erythromycin-H2O. We found that the total amount of antibiotics from feed input throughout the rearing period was 12.24 mg, significantly less than those at the late-stage in the pond water and bioflocs (28.66–29.17 mg) in a shrimp pond. The total amount of antibiotics in the source water of the same volume as the aquaculture pond was 27.90–35.07 mg. This study demonstrates that COD and SS are critical factors affecting the transfer and distribution of antibiotics in the biofloc zero-change aquaculture system, and that source water is the most critical source of antibiotics in the aquaculture system.

Internal Management Strategy of Chinese Internet Enterprises and Business Performance: A Study of Tencent Internet Enterprises in China

The objective of this research is to examine the relationship between the internal management strategy of Chinese internet enterprises and business performance. The research results in the fields of business models and innovations, internet business models and their innovation theories and practices, and business ethics are analyzed and discussed, while the internet development process of China is reviewed. Then, the existing problems are analyzed, and the concerned field and concepts in this study are clarified. Based on previous theoretical research and market research, the research methodology is designed, the research hypotheses are proposed, and the research models are constructed to perform quantitative and qualitative research. Next, the cases of Baidu, Alibaba and Tencent are engaged to conduct empirical analysis and verify the conclusions. The correlation analysis show that the impact on corporate financial performance is positive when social responsibility to shareholders, creditors, users, and government is undertaken, which is consistent with the original hypothesis. However, fulfilling social responsibility to employees and suppliers is significantly and negatively related to financial performance, which is inconsistent with the original hypothesis. Therefore, companies should take a long-term perspective and not just see short-term benefits at the expense of long-term social benefits. Companies pay attention to and carry out a series of social responsibility activities can establish stable emotional ties with the public, so that the company can gain the support and trust of many parties in society, and can enhance market competitiveness and bring good development opportunities, thus improving the viability of the company and increasing social and economic value for the company

Research on the Transformation and Upgrading of Green Finance Enabling Enterprises in China under the Goal of "Double-Carbon"

Under the background of China's "Double-carbon" goal, the development of green finance is extremely urgent. At present, the transformation and upgrading of green finance enabling enterprises are faced with challenges such as different standards and regulatory loopholes. The study on the mechanism of green finance on low-carbon transformation of enterprises can effectively solve the stagnation of green finance in China, and contribute to the sustainable development of China's economy under the "Double-carbon" standard. Based on the existing literature, this paper expounds the necessity and feasibility of the transformation and upgrading of green finance-enabled enterprises, studies the mechanism and specific forms of the transformation and upgrading of green finance-enabled enterprises under the goal of "Double-carbon", and puts forward feasible policy suggestions.

Research on Financial Resources and Private Enterprises in the Eastern Region

The realisation of high-quality development is largely dependent on private enterprises, which are a driving force behind China's comprehensive revitalisation in the new era. Meanwhile, efficient financial resource allocation can enhance capital use efficiency and encourage the reorganization of the industrial structure. The financial sector allocates financial resources in a fair and efficient manner to promote economic growth and enhance the environment for that growth. A "Matthew effect" shows up in the relationship between financial resources and private enterprises in China's eastern coastal region, where large state-owned enterprises and small and medium-sized private enterprises are impacted by the emergence of talent, capital, technology, and other unbalanced phenomena. The article demonstrates this relationship between financial resources and private enterprises, based on almost a decade of empirical research in the city panel data. Banks, securities, insurance, and other industries are deployed reasonably to facilitate the development of the social economy during the period when more financial resources flow to private enterprises, as well as to ensure the stability and advancement of society. This is done in order to further enhance the efficiency of financial resource allocation in the eastern coastal region and promote the efficient development of private enterprises.

Does digital transformation contribute to improving financing efficiency? Evidence and implications for energy enterprises in China

The high penetration of digitalization has emerged as a crucial driving force in enhancing financing efficiency across global enterprises. However, few studies have explored the potential effects of digital transformation on enterprises' financing efficiency, wherein the financing system is composed of fund procurement and application stages. Under such background, this study constructs a novel network DEA model with dominance probability and adjusted utility to analyze the multiple-dimensional performance of the financing system. Then an empirical econometric model is developed from the theoretical analysis and applied to Chinese energy enterprises for the period 2015-2021. The main findings are summarized as follows. First, our research demonstrates that digital transformation can significantly increase financing efficiency, with fund procurement identified as the lagging stage to efficiency improvement. Second, when considering the heterogeneous analysis, digital transformation is particularly effective in alleviating financing constraints and enhancing operating performance for clean energy enterprises. Finally, with regard to the mechanism's explorations, digital transformation increases enterprises' financing efficiency by reducing the ownership concentration and management expense rate. These findings provide an empirical foundation for the advancement of digital transformation, and also hold significant implications for narrowing financing efficiency gaps across energy enterprises.

From shutdown to reopening: unpacking the determinants of tourism business reopening in the face of adversity

ABSTRACT The coronavirus (COVID-19) pandemic and its associated lockdowns put many tourism businesses on hold. Although these lockdowns have been lifted, not all tourism entrepreneurs reopened their businesses. While prior research has extensively explored the post-pandemic recovery of tourism businesses, there has been relatively limited attention given to the determinants of tourism entrepreneurs to reopen their businesses post-crisis. Drawing on upper echelons theory, this paper explores the role of tourism entrepreneurs’ age in driving the decision to reopen their businesses in the face of adversity. Empirical evidence from a two-wave multi-informant survey involving 134 entrepreneurs in small and medium-sized tourism enterprises in China reveals that older entrepreneurs were more likely to reopen their businesses after the lockdowns were lifted. This relationship is even more pronounced for entrepreneurs who perceive less uncertainty or exhibit higher optimism. This paper represents one of the pioneering attempts to uncover the individual-level heterogeneity in determinants of tourism business reopening against the backdrop of adversity – a crucial foundation for understanding business recovery processes. It offers valuable insights that can assist small and medium-sized tourism enterprises to enhance their preparedness and responsiveness to probable future crises.

Enterprise Credit Risk Decision: Application Based on Improved AHP

The credit risk of Shouguang vegetable enterprises in China is the biggest obstacle to corporate loans. Building a credit risk assessment model for Shouguang vegetable enterprises and accurately rating the risk of loan enterprises is the key to successful loans. This article aims to construct an AHP evaluation model for the credit risk of Shouguang vegetable enterprises. The data is sourced from managers, bank credit personnel, university researchers, and enterprise related customers who are familiar with the enterprise, while considering four risk levels: impact degree(I), occurrence probability(P), risk manageability(M), and government support(S). This article uses AHP and risk index scores to evaluate the credit risk of Shouguang vegetable enterprises. This model calculates the risk index score based on survey data from 41 corporate credit risk professionals, constructs a pairwise comparison judgment matrix, and conducts consistency testing. It calculates the risk level membership vectors of impact degree, occurrence probability, risk manageability, and government support level at four risk levels, and then calculates the comprehensive evaluation membership vector of credit risk for Shouguang vegetable enterprise. The calculation results show that the comprehensive credit risk assessment level of Shouguang vegetable enterprise belongs to the general risk level, with a membership value of 0.5836. The results still show that the credit rating of Shouguang vegetable enterprises in the four risk levels of impact degree, occurrence probability, risk manageability, and government support are all average risk levels, but there are differences in membership values. The maximum membership value under the impact degree level is 0.6163, and the minimum membership value under the risk manageability level is 0.5572. This study provides a feasible and practical model for enterprise credit risk assessment and conducts a detailed evaluation of the credit risk of Shouguang vegetable enterprise, providing valuable reference for enterprise managers, bank credit personnel, and related researchers.

Evaluation of innovation efficiency of high-tech enterprise based on DEA and Malmquist index under the background of sustainable development

Purpose This paper aims to promote the higher quality development of high-tech enterprises in China. While science and technology have greatly promoted human civilization, resources have been excessively consumed and the environment has been sharply polluted. Therefore, it is particularly important for current enterprises to make use of scientific and technological innovation to maximize the benefits of mankind, minimize the loss of nature, and promote the sustainable development of our country. Design/methodology/approach By using DEA-Banker-Charnes-Cooper (BCC) model and DEA-Malmquist model, this paper comprehensively examines the innovation efficiency of high-tech enterprises from both static and dynamic perspectives, and conducts a provincial comparative study with the panel data of ten representative provinces from 2011 to 2020. Findings The research findings are as follows: the rapid number increase of high-tech enterprises in most provinces (cities) is accompanied by an ineffective input–output efficiency; the quality of high-tech enterprises needs to comprehensively examine both input–output efficiency and total factor productivity; and there is not a positive correlation between element investment and innovation performance. Research limitations/implications Because the DEA model used in this paper assumes that the improvement direction of invalid units is to ensure that the input ratio of various production factors remains unchanged but sometimes the proportion of scientific and technological activities personnel and the total research and development investment is not constant. In the future, the nonradial DEA model can be considered for further research. Due to historical data statistics, more provinces, cities and longer panel data are difficult to obtain. The samples studied in this paper mainly refer to the provinces and cities that ranked first in the number of national high-tech enterprises in 2020. Limited by the number of samples, DEA analysis failed to select more input and output indicators. In the future, with the accumulation of statistical data, the existing efficiency analysis will be further optimized. Originality/value Aiming at the misunderstanding of emphasizing quantity and neglecting quality in the cultivation of high-tech enterprises, this paper comprehensively uses DEA-BCC model and DEA Malmquist index decomposition method to make a comprehensive comparative study on the development of high-tech enterprises in ten representative provinces (cities) from two aspects of static efficiency evaluation and dynamic efficiency evaluation.

Online sales and corporate innovation preference: The impact of e-commerce emergence on corporate innovation behavior

This study using the 2015 survey data obtained from private enterprises in China as the research sample, endeavors to scrutinize the impact of e-commerce on corporate innovation behavior. Initially, we establish a comprehensive theoretical framework to systematically analyze the repercussions of e-commerce on corporate innovation. Utilizing data sourced from China as a representative sample, we meticulously investigate the income incentive effect, competition catching-up effect, and awareness enhancement effect of e-commerce on corporate innovation. Furthermore, we delve into the nuanced impact of e-commerce on innovation outcomes, discerning variations contingent upon organizational structures, market contexts, and the prioritization of innovation within distinct companies. The empirical findings elucidate a substantive augmentation in corporate innovation activities attributable to the burgeoning influence of e-commerce. Among the predominant influencing mechanisms, the awareness enhancement effect emerges as the most pivotal, contributing significantly at 18.44 %, followed by the income incentive effect at 14.59 %, with the competition catching-up effect registering the lowest impact at a mere 11.32 %.

Research on the mechanism of government subsidy on enterprise innovation based on industry-university-research collaboration

This paper provides a theoretical and empirical examination of the relationship between government subsidies, enterprise innovation, and Industry-University-Research (IUR) collaboration. The study begins with a theoretical analysis of the impact of government subsidies on IUR collaboration and enterprise innovation, employing a dynamic game model. Secondly, the research sample comprises A-share listed enterprises in China, and the theoretical findings are validated through empirical methods. Moreover, this study investigates the mediating influence of IUR collaboration and the heterogenous impacts of government subsidies. Research has shown that government subsidies can facilitate enterprises in establishing IUR collaboration, enhancing the extent of IUR collaboration, and effectively stimulating enterprises to participate in innovation. Government subsidies have a more pronounced impact on non-state-owned enterprises, high-tech enterprises, and enterprises in eastern regions in terms of incentivization. By enhancing IUR upgrade, government subsidies can offset the shortcomings in limited Research and Experimental Development (R&D) funding and inadequate technical reserves of non-high-technology enterprises. This could result in an improvement in the quality of innovation and the performance of the subsidized enterprises.

The impact of green finance on transformation to green energy: Evidence from industrial enterprises in China

Green finance is a novel financial model that strikes a balance between economic gains and environmental preservation, and it is crucial in encouraging industrial companies to move towards environmentally friendly development. This paper examines the impact of green finance on the green transformation of industrial enterprises using the data of China's A-share listed industrial enterprises from 2009 to 2019. The study adopts a propensity score matching method and a difference-in-difference method (PSM-DID), based on the Green Credit Guidance (2012 Guidance) issued by China as a quasi natural experiment. The results suggest that: (1) Green finance contributes significantly to improving the green production efficiency of industrial enterprises. (2) Although the current impact of green finance on the green innovation of industrial enterprises is not statistically significant, it exhibits a positive influence in the subsequent period. (3) The results of the heterogeneity analysis show that the impact of green finance on the green transformation of industrial enterprises is asymmetric, with more emphasis on state-owned enterprises, enterprises with severe financial constraints, and enterprises with low industrial concentration. As a result, our study makes recommendations on how to best link CSR, green finance, and industrial green transformation.

Effective Performance Climate for State-Owned Enterprises: A Case Study of BEI’s Performance Management System

Using BEI’s performance management system as a case study, this study investigates the creation of an efficient performance environment within the context of a state-owned enterprise in China. The company utilizes goal orientation and skills, competence, and knowledge orientation as primary components, underlining the importance of tracking and managing the performance process. This optimizes the application of performance outcomes, transforming employees' generalized knowledge, skills, and abilities (KSAs) into specific KSAs. This ensures a consistent performance climate with the strategy and thus improves organizational performance. Additionally, technical term abbreviations are explained upon first use. Focusing on KSAs and creating a performance climate that aligns with the strategy is necessary to improve organizational performance. This study outlines the implementation of a goal-oriented performance appraisal process and a corresponding performance appraisal system based on KSAs. Through a case study of BEI's performance management system, the research demonstrates its beneficial effect on corporate performance and thoroughly investigates its characteristic features, including legitimacy, effectiveness, relevance, fairness, and content environment. The study outlines the practical and enlightening effects of implementing an appropriate performance climate that aligns with Chinese state-owned enterprises’ cultural values. It also emphasizes the need for diverse organizations and industries to perform climate models that cater to their unique needs.

Influence of Digital Leadership on Employees’ Digital Creativity Based on the Research Perspective of the Mediating Effect of Job Crafting

Employees’ digital creativity have become important driving forces for enterprises to use digital technology to create business benefits. However, research on digital creativity is still insufficient. Digital leadership, due to its unique characteristics and important role in driving the digital development process of individuals, businesses, and society, is used as antecedent variable in this study to influence employees’ digital creativity. Job crafting is the mediating variable, and power distance is the moderating variable. This study uses mature scales to compile a questionnaire distributed to digital enterprises in China in two periods. Finally, 344 valid questionnaires were obtained, and the hypotheses were tested using AMOS 24.0 software and the hierarchical regression method. Research has found that digital leadership is positively related to employees’ digital creativity. Job crafting mediates between digital leadership and employees’ digital creativity. Power distance negatively moderates the relationship between digital leadership and employees’ digital creativity, and negatively moderates the mediating role of job crafting between digital leadership and employees’ digital creativity. Based on the theoretical results of this study, in addition to emphasizing the cultivation of digital leadership, enterprises should also pay attention to exploring employees with low power distance and consciously encourage them to job crafting, so as to effectively unleash their digital creativity.

Optimizing market risk evaluation of small and medium sized enterprises through hamacher interactive power geometric technique under uncertainty

Compared with large enterprises, the development scale and organizational structure of small and medium-sized enterprises are insufficient, which brings certain limitations to the development of small and medium-sized enterprises in China. In order to promote the long-term development of small and medium-sized enterprises in the new era, it is necessary to require enterprise leaders to innovate marketing plans, strengthen risk management of enterprises, and enhance their strength in market competition. The market risk evaluation of small and medium sized enterprises (SMSEs) in the new era is a multiple-attribute decision-making (MADM). The IVIFSs are employed as the tool for portraying uncertain information during the market risk evaluation of SMSEs in the new era. In this paper, the interval-valued intuitionistic fuzzy (IVIF) Hamacher interactive power geometric (IVIFHIPG) technique is addressed based on IVIF Hamacher interactive weighted geometric (IVIFHIWG) technique and power geometric (PG) technique. Some properties of IVIFHIPG technique were addressed. Then, the IVIFHIPG technique is employed to manage MADM under IVIFSs. Finally, an example for market risk evaluation of SMSEs in the new era is employed to verify the IVIFHIPG technique. Thus, the main contributions of this paper are addressed: (1) the IVIFHIPG technique is addressed based on IVIFHIWG technique and PG technique; (2) the IVIFHIPG technique is came up with to manage the MADM under IVIFSs; (3) a numerical example for market risk evaluation of SMSEs in the new era has been came up with to show the IVIFHIPG technique; and (4) some comparative analysis is addressed to verify the I IVIFHIPG technique.

Big data empowerment: Digital transformation and governance of minority shareholders: Evidence from China.

Based on the analysis of data from listed enterprises in China between 2011 and 2022, we investigate the influence of digital transformation on the governance efficiency for minority shareholders. The results show that the extent of digital transformation exert a negative effect on the agency costs incurred from related-party transactions. The mechanism examination elucidates that digital transformation augments the governance efficiency for minority shareholders by boosting attendance at shareholders' meetings and enhancing the exit threat for minority shareholders. Subsequent analysis reveals that non-state-owned enterprises, compared to state-owned enterprises, exhibit a more pronounced effect in diminishing the second type of agency costs through digital transformation. Furthermore, the impact of digital transformation in curtailing agency costs is more significant in the eastern regions than central and western regions. The better the equity checks and balances in listed enterprises, the more effective digital transformation is in reducing agency costs. This study offers valuable insights for bolstering the governance capacity of minority shareholders in the context of digital transformation.

The Future Development of Short Video Platforms and Similar Internet Enterprises in China: A Case Study of TikTok and Kuaishou

In today’s era of social media, short-video platforms such as Kuaishou and TikTok have become essential social tools for people. These platforms have attracted a large number of users due to their unique community culture and convenience. However, taking TikTok and Kuaishou as examples, how will short-video platforms and similar internet companies in China develop in the future? This paper will analyze the future development trends and opportunities of similar internet companies in China from multiple perspectives, including overseas expansion directions, market, users, and technology.

Can government subsidies improve corporate ESG performance? Evidence from listed enterprises in China

The corporate environmental, social, and governance (ESG) performance of businesses is crucial for the sustainable development of our evolving global economy. This study analyzes the mechanisms through which government subsidies influence ESG performance in corporations. The findings reveal that government subsidies significantly improve corporate ESG performance. Furthermore, government subsidies enhance corporate innovation investments and mitigate managerial myopia, leading to improved ESG performance in companies. Additional research indicates that in firms with lesser political connections and greater industry competition, the impact of government subsidies in elevating corporate ESG performance is more significant.

Configuring an MNE’s subsidiary capabilities for performance in China

Purpose This study aims to explore how subsidiary capabilities collectively configure for performance. Additionally, it seeks to examine whether these configurations of capabilities can provide equifinal solutions through developing a comprehensive research framework that focuses on subsidiaries in China. Design/methodology/approach With a data set collected through a questionnaire from 172 Korean multinational enterprises (MNEs) in China, this study used a fuzzy-set qualitative comparative analysis to detect the capability conditions and configurations. These configurations represent combinations of various subsidiary capabilities linked to high performance. Findings This study identified several complex pathways with distinct configurations for high subsidiary performance. The findings demonstrate the importance of configurations over individual conditions. Thus, the results highlight that the effectiveness of diverse capabilities, which are widely believed to singularly contribute to the high performance of MNE subsidiaries, depends on how each combines with other capabilities. Overall, the findings provide a richer and fine-grained understanding of the role and relative importance of various forms of MNE subsidiary capabilities and how the joint effect of these subsidiaries contributes to high performance. Practical implications This study suggests that MNE managers should comprehensively understand how subsidiary capabilities are configured to produce subsidiary performance outcomes. This specifically illustrates the importance of understanding the mutually conflicting yet collectively exhaustive results of multi-selective solutions and aims to align with China’s industrial and regional heterogeneity. Originality/value By examining the role of MNE subsidiary capability configurations, which may collectively influence the subsidiary’s performance, this study contributes to the literature. It elucidates how MNE subsidiaries may achieve superior performance by developing and possessing various capabilities tailored to the local context.