Enterprises In Countries Research Articles

Pronominal Address in German Sales Talk: Effects on the Perception of the Salesperson

Increasing numbers of commercial enterprises in the German-speaking countries are switching from the traditional formal Sie address for customers to the more casual du address. This article reports on a part of an interdisciplinary empirical study evaluating the effect that the address pronoun used towards the customer has on the perception of the salesperson. Respondents were shown short videos of sales encounters and asked to indicate their perception of the salesperson in a guided questionnaire. The choice of either du or Sie as the address pronoun used by the salesperson in the videos did not make a substantial difference to the way the salesperson was perceived by the respondent group as a whole, but some significant differences appeared within sub-cohorts, which were determined by the gender, age group and education level of respondents, and by the industries in which the videos that the respondents watched were set. The overwhelming majority of the significant differences in the perceptions of the salesperson according to the address pronoun used shows that the salesperson using Sie is seen in a more positive light. This suggests that, somewhat surprisingly and counterintuitively, addressing customers with du does not have the general effect of improving the perception of the salesperson.

How Digitalization and Sustainability Promote Digital Green Innovation for Industry 5.0 through Capability Reconfiguration: Strategically Oriented Insights

As environmental pressures intensify and digital technology advances rapidly, many countries, including China, are looking to more effectively heed social and environmental responsibilities by effectively integrating digital technology with traditional industries. Digital green innovation is gradually becoming a necessary direction for enterprises in various countries as they strive for high-quality development. How enterprises can achieve digital green innovation through the duality of digitalization and sustainability has become a crucial research question. However, existing research rarely addresses the mechanisms that lead to the formation of digital green innovation within enterprises. This study uses a sample of 305 manufacturing enterprises in China. Based on strategic orientation theory, this study introduces the concept of digital sustainability orientation, integrating both digital and sustainability orientations. A model is constructed to examine the impact of digital sustainability orientation on digital green innovation in enterprises, analyzing the mechanism of action through the mediation of capability reconfiguration and the moderation of environmental scanning. The study finds that digital sustainability orientation significantly positively impacts digital green innovation, highlighting the integrated effect of digital and sustainability orientations. The findings indicate that digital sustainability orientation significantly positively impacts digital green innovation, whereas a single strategic orientation does not effectively promote digital green innovation; capability reconfiguration partially mediates the relationship between digital sustainability orientation and digital green innovation in enterprises; and environmental scanning positively moderates the relationship between digital sustainability orientation and capability reconfiguration and further influences the mediating role of capability reconfiguration. This study contributes to the advancement of digital sustainability theory in the field of digital green innovation; moreover, the results of this study offer significant practical insights for enterprises aiming to successfully implement digital green innovation.

FEATURES OF MANAGEMENT OF INCLUSIVE DEVELOPMENT OF AGRICULTURAL ENTERPRISES: FACTORS, TRENDS AND EXPERIENCE OF CHINA

In modern conditions, the practical issues of implementing effective management of inclusive development of agricultural enterprises are extremely relevant to ensuring the country's food security. The aim of the article is to study the theoretical and practical aspects of managing the inclusive development of agricultural enterprises, factors, trends, and world practices in modern conditions. Among the trends, special attention is paid to ensuring sustainable development, supporting small farmers, engaging in innovative activity and technologization, ensuring social and economic equality, and adapting to global challenges. In this context, the features of agricultural enterprises are studied. It is determined that at the world level, food security is a global problem that requires joint efforts of countries and international organizations. The features of the world experience (in the example of China) of managing the inclusive development of agricultural enterprises are analyzed. The main challenges facing the agricultural sector of Ukraine and hindering the full development of biological agriculture in these countries are highlighted, namely: climate change, limited water resources, pests, and disease outbreaks, limited access to organic materials, the presence of fierce competition in the world market, lack of qualified personnel in the agricultural sector, population growth, military conflicts. However, despite the challenges and obstacles, the experience of inclusive development of agricultural enterprises in the above-mentioned countries demonstrates the importance of an integrated approach, including government programs and other initiatives, financial support, training, innovation, and market access. This comprehensive approach is crucial for the success of the agricultural sector and its significant impact on the world economy and the environment.

The Way the U.S. Balances Ideology and National Interest in Foreign Policy from the Perspective of Encouraging and Restricting Foreign Investment

In recent years, the US has imposed a series of initiatives such as high tariffs on China and even its Western allies, etc. Especially in 2018, the US introduced the Foreign Investment Risk Review Modernization Act, which further strengthened the security review of foreign investment, resulting in non-US companies with advantages being restricted from investing in the US. This paper argues that whether the US encourages or restricts local investment by companies from different countries is still a direct reflection of its foreign policy towards different countries, which has always oscillated between idealism and realism. Whether or not to pursue the ideological attitude of foreign investment, mainly depends on its security and economic goals, values of the goal of maximizing the interests of the integrated consideration, and its pursuit of strategic interests is above the pursuit of ideological goals. This paper will cite decades of U.S. treatment of investment enterprises in different countries, as well as whether the technological level of different enterprises let the U.S. feel the pressure of specific cases to analyze how the U.S. balance of ideology and national interests. Therefore, the consistency and conflict between foreign investment and U.S. national interests determine the realist position of the U.S. in the security review of foreign investment, i.e., to maximize U.S. national interests by seeking to obtain a balance between national interests and the transmission of ideology in the review.

Antecedents and consequences of automated VAT solution adoption in Gulf cooperation countries: the case of the United Arab Emirates

Purpose This paper aims to examine the antecedents of the Automated VAT Solution (AVS) and its eventual consequence on value-added tax (VAT) compliance costs among the small and medium enterprises (SMEs) in Gulf Cooperation Countries (GCC), with the United Arab Emirates (UAE) as context. Design/methodology/approach A quantitative research design was deployed through a survey of 576 SMEs in the UAE. The data was analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). Findings The findings revealed that technological factors (IT complexity and IT competency) and organizational factors (management support and size of SME) significantly influence AVS adoption. However, only consumer pressure was found to be significant among the environmental factors, and AVS adoption was found to have a significant negative effect on the VAT compliance cost. Research limitations/implications A lower coefficient of determination for the effect of AVS adoption on VAT compliance cost meant that there may be other accounting-related technologies that improve operational efficiency and process automation and, in the long run, lower the cost of VAT compliance. These technologies should be included in future studies. Practical implications The findings imply that the adoption of AVS among SMEs is highly desirable, as it reduces VAT compliance costs. Increased regulatory pressure by the UAE’s policymakers is also desirable to accelerate AVS adoption for enhanced cost reduction and revenue maximization from the perspectives of both the government and SMEs. Originality/value To the best of the authors’ knowledge, this study could be the first to expand the Technology-Organization-Environmental (TOE) Framework through the integration of determinants of AVS adoption and VAT compliance costs among SMEs in GCC countries.

Comparative Analysis of Social Enterprise Development: A Case Study of Cambodia and Indonesia

Social enterprises have become a viable solution for tackling urgent social and environmental issues in developing economies. These organizations combine business strategies with a mission to generate positive social impact, particularly in areas that are often overlooked by traditional for-profit and government initiatives. Social entrepreneurship in the Southeast Asian Nations (ASEAN) region is gaining recognition as a means to address the growing income inequality and environmental degradation and empower women and girls. This study aims to investigate the social enterprise concept in Indonesia and Cambodia, with a specific emphasis on the legislation, operational model, and societal impact of these enterprises. The study employed a qualitative secondary data analysis through the search of existing literature related to social enterprise in both countries. The comparative examination of social businesses in Cambodia and Indonesia reveals shared impacts and diverse characteristics shaped by their socioeconomic and institutional contexts. Both nations possess social businesses that tackle social and environmental issues, foster job creation, strengthen communities, enhance the status of women, and safeguard cultural heritage. Disparities in priority areas, support systems, and economic contributions underscore the necessity to adapt social enterprise models to individual country situations. The study implies that key factors

THE NEW ECONOMIC SECURITY OF THE EUROPEAN UNION

Geopolitical changes have shown that current threats are not only directed at the state’s security but also at the individual’s. Besides the traditional concept of security, a new concept has emerged: economic security. The liberal conception was based on the hypothesis that economic interdependence would lead not only to prosperity but also to greater security. Traditional analyses do not sufficiently capture the real connections between the economy and security. In traditional approaches to security, the key concept was state security; in neo-traditional ones, new actors such as international organizations and non-governmental organizations also intervene alongside the state. Transformations in the international system demonstrate the need for a geostrategic renegotiation of relations at the regional level to ensure states of regional economic cooperation based on principles promoted by the European Union. Our analysis is a qualitative one, examining documents relevant to our topic, as well as a series of theories that underpin our analysis. Our research methods include content analysis of important documents and a SWOT analysis of the current crisis generated by the conflict in Ukraine. The central issue is given by these major changes that challenge the European project. In the face of these geopolitical changes, the following question arises: “Can economic interdependence be used to create stable bilateral relations between EU member states and between the EU and third countries to ensure European economic security?” The research starts from the following hypothesis: “As long as there is cooperation between the countries neighbouring the EU, there will be no risk of conflicts.” Since the EU acts not only in its own interest but also to create a business environment conducive to the development of enterprises in member countries, the risks the EU is exposed to as a global actor will also impact various industrial sectors and the internal market. Our objective is to demonstrate that the European Union, as a regional actor, can ensure the economic security of member states in the face of new hybrid threats. Our analysis focus on examining the economic relations between the European Union and its Eastern neighbours in the context of rapid changes in the international arena.

Impact of tax policy on the development of agrarian enterprises and organisations

The purpose of this study was to analyse the role of tax policy in the agricultural sector to determine its impact on innovative development, investment decisions, and competitiveness of enterprises in this area. The study performed a comparative analysis of various aspects of tax regulation, review of taxation instruments, consideration of special tax regimes in such countries as the USA, Germany, France, Spain, Poland, and Kyrgyzstan. The study investigated various aspects of tax regulation that have direct and indirect impact on the functioning of the agricultural sector. The role of tax policy in stimulating investment and development in agriculture by providing tax incentives and subsidies for investment in innovative technologies, process mechanisation, and research was examined. Special tax regimes aimed at supporting agricultural enterprises were analysed, and examples of tax policies in different countries, including the USA, the European Union, China, India, and Kyrgyzstan, were provided. The state of agricultural development in Kyrgyzstan was reviewed, and the main challenges, government support measures, and the main land tax rates across the country were identified. The key point was to develop recommendations for improving the tax system to stimulate agricultural development derived from the synthesis method. This involves the introduction of tax exemptions and investment incentives, differentiation of tax rates depending on segments and regions of agriculture, stakeholder consultations, simplification of tax administration, and attraction of foreign investment through special tax regimes. Concrete examples were also given of large agricultural enterprises in different countries where improved tax policies can contribute to the development and efficiency of their operations

Impactful Contributions: Sharia Banks in Advancing Agricultural and Agribusiness Development, Empowering MSMEs and Enhancing Human Resources Management

The development of Islamic economics and Sharia banking has a long history, with many believing its origins trace back to the time of the Prophet Muhammad. Sharia banks now play a role in financing the agricultural industry for micro, small, and medium enterprises in countries with the largest Muslim populations and are agriculture-based. At the same time, there are challenges in terms of improving management in the human resources aspect. For example, intention and awareness are two things that have been revealed by many previous studies in maximizing market and customer control, especially in Sharia banking. Intention and awareness were reportedly influenced by religiosity, product knowledge, and word of mouth. This research tries to review how Islamic banks operate; their role in agriculture and agribusiness; and their role in developing MSMEs. Finally, examining the relationship between intention and awareness is reported to be influenced by religiosity, product knowledge, and word of mouth in Islamic banking. Using a systematic review approach based on secondary data in the form of reputable international journals registered in international databases. There are 15 journals related to the development of Islamic economics and the role of Sharia financial financing. The role of Islamic banks in the development of agriculture and agribusiness is 36 journals. The role of Islamic banks in developing MSMEs is 46 journals. There are 64 journals covering the topic of Sharia banking human resource development. The results of the analysis found new information in terms of theoretical and practical development, that Islamic banks have proven to play a role in the development of agriculture and MSMEs, but there are still weaknesses in terms of service innovation. Then, in terms of human resources for Sharia banking services, it focuses on Total Quality Management, that Sharia banks must improve human resource capabilities in service with the main topic of analysis "the influence of religiosity, product knowledge and word of mouth in forming the intentions and awareness of sharia bank customers".

Black monster or green giant? Revaluating the role of Chinese multinational enterprises in Belt and Road countries on carbon emissions

The Belt and Road (B&R) initiative, which brings emissions from China to the B&R countries, has gained considerable attention. By building a multiregional input-output model that distinguishes firm ownership, we measured the carbon emissions produced by Chinese multinational enterprises (MNEs) in B&R countries in reality and set two extreme counterfactual scenarios to evaluate the emission impacts of Chinese MNEs' overseas production activities on B&R countries: In Scenario 1, Chinese MNEs' production activities in B&R countries were replaced by local domestic producers; and in Scenario 2, the same amounts of outputs produced by Chinese MNEs in B&R countries were imported from China. We find that compared to the reality, in Scenario 1, a total carbon emission increase of 29.06 million tons (Mt) was observed in B&R countries, while in Scenario 2, a cumulative emission increase of 165.00 Mt worldwide, from the year 2005–2016, was observed indicating that the foreign direct investment related production activities of Chinese MNEs create a ‘green’ benefit for B&R countries and the world. Case studies show the detailed emissions mitigation effects of Chinese MNEs. This study sheds light on a possible way to facilitate the development of economies' emission control with the involvement of MNEs with higher energy efficiency and to simultaneously realise global emission mitigation goals.

Modern distributed production (manufacturing) as an important part of the future Ukrainian nationally rooted industry

The purpose of this paper is to propose a variant for the development of a part of the national industry, which would be free from the problems of large investments and threats of unprofitability against the background of innovations. Before the full-scale war, which began in 2022, Ukrainian industry was an offspring and a powerful part of the Soviet heavy industry, mainly of the third technological order. Now, the enterprises that were powerful generators of the national economy GDP are to a greater extent located in the temporarily occupied or front-line territory. Industrial regions suffered significant damage to the production base and infrastructure facilities. The post-war restoration of the domestic industry requires large capital investments, which the national economy is not capable of. In addition, there is a limitation on the duration of investment projects due to the rapid development of modern technologies. According to experts, any project whose implementation exceeds 3 years is risky. In addition, there is a Marxian tendency of the rate of profit to decrease, due to a change in the capital structure, in particular, a decrease in labor expenses. Modern processes of mechanization of production, increase of innovative components (computerization, Internet of things, digitalization, etc.) increase the risks of unprofitability. The authors give an example of the closure of coal mining enterprises in European countries against the background of scientific and technical progress. At the same time, based on the analysis of literary sources, the trend of the spread of the DIY 4.0 phenomenon (from Do It Yourself) was revealed – the use of the most modern technological elements for the manufacture of products designed to meet the manufacturers' own needs. Especially in the USA, the Maker Movement, which is a new culture of industrial activity, is developing. The article substantiates that the technological base of DIY 4.0 and the culture of the Maker Movement are the foundation of the new distributed manufacturing, free from the "curse" of mass investment and unprofitable innovation. It is distributed manufacturing that is able to fundamentally change the quality picture and structure of industry, to ensure the national rooting of industrial production.

The Use of Recycled Wood as a Factor in Production Efficiency of Manufacturers in V4 Countries

This article deals with a quantitative assessment of the production efficiency of wood-processing enterprises in the V4 countries. Efficiency was calculated through a non-parametric method of data envelopment analysis. This method allows the construction of an efficiency frontier without having to make any assumptions about its shape. The analyses are based on the financial statements of individual companies from 2018 to 2021. Efficiency assessments are therefore based on the actual performance of individual companies (i.e., quantities of output, costs, and capital). This micro perspective allows us to examine differences in efficiency not only by country but also by company size. A total of 10 companies have been selected in the V4 countries that can be identified as actively using recycled material in their production. The results of our empirical analyses show that this group of »recyclers« performs better than other market players in terms of median efficiency. Even in 2020, which can be marked as the beginning of the Covid-19 pandemic, overall, these companies had better results. Our results also show that the efficiency is significantly affected by company size (which is also reflected in economies of scale).

The Role of Effective Project Management in Strengthening Competitiveness

Objective: The complexity, or complexity of our world is not only due to the increasing number of changes in our lives. We are faced with more and more difficult and complex tasks and goals every day, and it is very difficult to perform better and better in the face of these tasks and challenges. Project management is precisely about helping to turn complex tasks into well-executed processes that always end with a result. Project management is more than a set of methodologies: it is a dynamic discipline that organises complex tasks, mitigates risks and directs efforts towards a common goal. Its relevance can be demonstrated in many areas. We can measure the success of our project management system on a number of points, from efficiency to the quality of teamwork and management satisfaction. Defining criteria for success is also an important challenge for researchers today. This paper addresses similar issues, thus trying to shed light on the importance of project management, while also trying to highlight the barriers and obstacles. Project management can be a major competitive advantage for companies in the 21st century, but only if it is carried out professionally and well, i.e. if it is given the right framework and support. Method: After a secondary literature review, this paper presents the results of a primary research study covering two countries. The research instrument was a questionnaire that assessed the project perception of Hungarian and Slovakian enterprises and the transformation of this perception in a complex way, based on the perceptions of enterprises in both countries. In addition to classical basic statistical methods, the study drew conclusions with the help of analysis of variance. Results and conclusion: In this study, we set out to assess the project perceptions of Hungarian and Slovakian businesses based on the opinions of SMEs. The sample clearly shows that Slovak enterprises attach more importance to the project approach, as indicated by the mean scores for each statement. The results also show that there is a high heterogeneity in the perception of enterprises on project management and project approach, especially when grouped along different size categories. All these results also show significant differences by country and segment, which are presented in detail in the research part of the study. Research implications: Our research results provide a good basis for businesses and educational institutions on how to look at their projects and their management. The study aims to strengthen the ability to think in terms of projects and to think in terms of projects, drawing attention to the most important directions and paths. Originality/value: The main focus of the study is on how such knowledge is perceived by the stakeholders interviewed and whether the answers can be used to draw conclusions that are of interest and informative for the wider society.

The Import Substitution Practices of Russia as a Model for the Nigerian Soft Drinks Market

The present study focuses on the issues of import substitution practices in Russia and Nigeria that can be useful in the current reality of the world economy. However, the Nigerian economy has great potential for import substitution in the current process of de-globalization. However, it is crucial to use the Russian experience. The study revealed that the comparison of Nigerian and Russian Soft drink markets is an excellent example of the drawbacks that can occur upon realizing protectionism governmental policies. Therefore, the paper recommends for import substitution policy that will promote economic diversification that supports local production and increases exports. The research concludes that import substitution policy can be successfully implemented if it is focused on economic growth and development of Small and Medium Scale Enterprises (SMEs) in the partnering countries.

Driving force of value reversal in Chinese overleveraged firms: The mechanism and path of private placement.

To stimulate economic growth, China has launched multiple economic stimulus plans in recent years, intensifying corporate debt financing and subsequently elevating the leverage levels. Addressing and effectively reducing the leverage levels of our country's enterprises has emerged as a pressing issue in the trajectory of our economic development. This paper primarily investigates the drivers, pathways, and mechanisms for reversing the over-leveraged values of enterprises. Key findings include: (1) Excessive indebtedness exerts a negative impact on corporate value, with the suppressing effect intensifying as the degree of over-leverage increases; (2) Over-leveraged enterprises can effectively decrease their debt levels and enhance their value through private placement. Further research suggests that this mechanism operates by amplifying the operational leverage of over-leveraged enterprises post private placement and alleviating financing constraints, thereby elevating corporate value. (3) Compared to non-state-owned enterprises, state-owned enterprises exhibit higher levels of indebtedness. Among over-leveraged firms, enhancements in corporate governance and increased investment efficiency can positively transform corporate value. This study offers valuable insights for the ongoing supply-side structural reforms and governance guidance from the regulatory bodies.

Can the Opening of High Speed Rail Boost Corporate ESG? - Empirical Evidence from China

ESG provides quantitative indicators of corporate sustainable development, which is currently an important reference basis for evaluating the development of enterprises in various countries. However, fewer scholars have studied corporate ESG performance based on the perspective of high-speed railway opening. Therefore, this paper takes China, where high-speed rail is developing rapidly, as the study area, and uses the relevant data of Chinese listed companies from 2010 to 2021 to study the relationship between high-speed rail opening and corporate ESG performance. We find that (1) the opening of high-speed rail will enhance firms' ESG performance. (2) Firms with higher external attention have better ESG performance. (3) Financing constraints play a moderating role.

An Empirical Review of Capital Structure Decision-Making

The capital structure reflects the proportional relationship between a company's debt and equity, indicating the company's ability to repay debt and refinance. The quality of the capital structure determines the company's future profitability and development trend, serving as an indispensable indicator of the company's financial situation. However, with approximately 70 million companies in the global market, their scales and operating conditions vary in stability and growth. Additionally, their financial and asset structures differ significantly and are subject to macroeconomic fluctuations every year. The risk preferences and attitudes of managers and investors in every enterprise are subjective and affect the development plan of the enterprise. Moreover, tax and fiscal policies in different countries and regions also influence the capital strategies of enterprises. Furthermore, after a successful listing, the capital structure of the enterprise undergoes fundamental changes, diversifying the sources of funds and experiencing new changes in operating models, which is beneficial to the future operational planning and financial strength of funds. Nevertheless, not all companies that go public are beneficial to their development, such as Huawei, Heinz Group, Koch Industrial Group, etc., due to changes in capital structure after going public being detrimental to future corporate profits. Hence, the capital structure of enterprises in different countries, regions, or types of scale needs to be tailored to local conditions. Enterprises should analyze specific situations to establish a more reasonable capital structure with the aim of optimizing company operations.

Entrepreneurial financing: how global and regional export intentions affect financial and non-financial choices for small and midsized enterprises in low-income countries

PurposeThe study explores how the intention to export affects financing and non-financing variables for small and medium-sized enterprises (SMEs) in a low-income country (LIC). The objectives of this study are (1) to discern between regional and global exporting and (2) to evaluate its policymaking implications.Design/methodology/approachPrimary survey data were collected from 330 Rwandan SMEs and were analysed using ordered logistic models as an application of the expectation-maximisation iterating algorithm, which was tested for robustness using a sampling model variation.FindingsThe results show that alternative sources of finance are the predominant choice to finance the intention to export within and outside Africa. As the scope of export intentions broadened from regional to global, there was a shift in preferences from less formal to more formal lending technologies, moving from methods like factoring to lines of credit. Moreover, reliance on bank officers became more significant, with increasing marginal effects. Finally, the study determined that government financing schemes were not relevant for SMEs pursuing either regional or global exporting.Practical implicationsWhilst alternative sources of finance predominate the export intentions of Rwandan SMEs, establishing a robust banking relationship becomes crucial for global exporting. Despite this implication, the intention to export should prompt more transparent communication regarding government financial support programmes. There is an opportunity for increased usage of relationship lending to customise support for SMEs involved in exporting, benefiting both the private and public sectors.Originality/valueThis study accentuates how export distance alters SME financing priorities. The results also contribute to understanding how the value of relationship lending changes when less familiar markets (i.e. global exporting) are the objective. Moreover, the study offers a new perspective on how institutional voids affect entrepreneurial financing decisions in LICs.

Analysis of Financial Risks and Preventive Measures in The Process of Reverse Transnational Merger and Integration of Chinese Enterprises

Reverse transnational merger and acquisition is a kind of international operation mode in which enterprises in emerging markets merge or acquire enterprises in advanced countries, so as to obtain strategic resources. This is also a "springboard" for enterprises in emerging economies to obtain foreign resources and quickly move to the international market. The Chinese government plays an important role in cross-border mergers and acquisitions, and the integration process is becoming more difficult and the merger is becoming more likely to fail. In addition, Chinese enterprises show new characteristics in many aspects, such as the object of merger and acquisition, the object of merger and acquisition, the industry and the way of merger and acquisition. Through cross-border mergers and acquisitions, enterprises can expand overseas markets, achieve transformation and upgrading, and improve the core competitiveness of enterprises. Based on the case of Geely Auto's acquisition of Volvo, this paper analyzes various financial risks it faces in overseas mergers and acquisitions, and puts forward corresponding countermeasures for Chinese enterprises to prevent and guard against financial risks in overseas mergers and acquisitions and promote the smooth progress of mergers and acquisitions.

Financial Performance (Dis)parity in Post-transition Europe

Decades after the transition processes have spread across Central, Eastern, and South-Eastern Europe (CESEE), the former Soviet Union, and the Baltic, it was interesting to perform the post-transition and non-transition advanced European economies comparison to capture the outcomes of the 'catching-up process' . In this analysis, I tried to reach the results of this ‘catching process’ using the firm-level accounting data, namely, enterprises' annual accounts rather than countries' national accounts. The goal was to evaluate if post-tran- sition countries' enterprises have reached the financial performance of non-transition countries' enterprises across Europe, three decades after the transition processes began. The research captured firm-level financial performance aspects revealing some differentiators, namely, financial report indicators that differed for the enterprises belonging to post-transition countries in comparison with the ones belonging to non-transition countries in Europe. The findings related to the liquidity, solvency, indebtedness, profitability indicators, and labor intensity ratio were derived by logit regression models. The observations for 569 European companies were provided by Orbis Europe for the year 2021 annual accounts. According to the results, enterprises in post-transition countries, characterized by lower total assets and working capital scale, were likely to have lower profit margins, share of employees’ costs in operating turnover, current ratio, and gearing, while higher solvency and liquidity ratio. Mild marginal effects indicated the gap narrowed but with still existing significant disparities, particularly in the field of liquidity.