Government Enterprises Research Articles

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

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

Sewage Treatment Equipment Supply Chain Collaboration and Resilience Improvement Path Analysis: Collaborative Decision-Making, Information Sharing, Risk Management

Since the dawn of the 21st century, supply chains (SCs) have faced an array of unprecedented challenges, encompassing economic volatility, escalating geopolitical conflicts, intensified trade disputes, and persistent environmental degradation. These challenges have imposed immense pressures on SCs, amplifying both the risks and occurrences of disruptions. In response to these critical demands, there has been a substantial increase in academic, industrial, and governmental focus on the resilience and recovery capabilities of SCs. In this context, the supply chain (SC) for sewage treatment equipment has been significantly affected. This study aims to systematically investigate collaborative strategies and mechanisms for bolstering the resilience of manufacturing SCs within the sewage treatment sector, with particular attention to collaborative decision-making, information sharing, and risk mitigation throughout the SC lifecycle. Following a comparative analysis of various methodologies, this paper employed the structural equation model (SEM) and subsequently conducted a comprehensive survey of manufacturers specializing in glass fiber sewage treatment systems, yielding 385 valid responses. Through this data, a structural equation model was developed to analyze pathways for resilience enhancement. A thorough analysis of the results indicates that Supply Chain Collaboration (SCC) and collaborative decision-making are instrumental in strengthening Glass Fiber Sewage Treatment Supply Chain Resilience (SCR) through the implementation of effective information sharing and risk management practices. These findings contribute to the theoretical framework of SCC and SCR by clarifying the influence of collaborative practices while also providing practical guidance for the governance and strategic management of sewage treatment equipment enterprises and their associated SCs. The conclusions drawn from this study can guide us in establishing a more resilient and sustainable SC ecosystem, making it more directive and capable of mitigating complex disruptions.

Firm characteristics and corporate governance of state-owned enterprises: An analysis of an emerging market

This paper explores the relationship between firm-level factors and the quality of corporate governance of state-owned enterprises (SOEs) in an emerging economy, namely Vietnam. We employ a self-built corporate governance index (CGI) for SOEs and conduct an empirical analysis of data from 113 listed SOEs on the stock market of Vietnam from 2016-2020 using a fixed effect model (FEM) as suggested by the Hausman test. We find that firm-level characteristics such as firm age and tangibility of assets as well as macroeconomic factors such as the quality of the business climate and economic growth exhibit a statistically significant correlation with the corporate governance quality of SOEs. On the other hand, there is no established statistically significant relationship between other firm characteristics such as firm size, state ownership, financial leverage, growth opportunities and corporate governance. These results for an emerging economy like Vietnam are novel and provide implications for policymakers, regulators, shareholders and other stakeholders on the possibility of enhancing the quality of corporate governance of SOEs in an emerging market, a critical issue given the increasing role of SOEs in economies. Our research can be improved for future research in a couple of aspects. First, addressing the case of companies that do not disclose their governance practices in annual reports would help enhance the information for the corporate governance index. Second, extending the data to compare listed SOEs with other listed firms would provide a more comprehensive analysis.

Governance of Village-Owned Enterprises in Promoting Economic Growth

background: The governance of Village-Owned Enterprises (BUMDes) plays a critical role in fostering sustainable development in rural areas. Specific background: This research explores the governance practices of BUMDes Kerto Emas, emphasizing the principles of transparency, cooperation, participation, and inclusiveness. Knowledge gap: Previous studies have not sufficiently examined how sustainable practices are implemented within the operational framework of BUMDes, especially concerning product management and website functionality. Aims: This study aims to assess the current governance indicators applied in BUMDes Kerto Emas, particularly regarding sustainability and the integration of digital platforms. Results: The findings reveal that while BUMDes Kerto Emas has made significant strides in governance, challenges remain in achieving sustainability, particularly in the underutilization of digital platforms for product display. Novelty: This study introduces a new perspective by linking sustainable business development with the need for improved online presence in village-owned enterprises. Implications: The research suggests that enhancing product offerings and optimizing digital platforms are essential for achieving long-term sustainability, providing a framework for improving governance in similar rural enterprises. Highlights : Governance principles must focus on transparency and cooperation for sustainable BUMDes operations. Digital platforms play a crucial role in enhancing product visibility and sustainability. Continuous evaluation is needed to optimize governance for long-term sustainability. Keywords: Governance, BUMDes, Sustainability, Participation, Digitalization

Public health emergency supplies pricing strategy for government—enterprise joint reserve under government subsidy

Public health emergency supplies pricing strategy for government—enterprise joint reserve under government subsidy

Implementation of the Business Judgement Rule Doctrine as Legal Protection for Directors in Realizing Good Governance of Regionally-Owned Enterprises

<em>The form of BUMD governance as a regional company as regulated in UUPD and PPBUMD consists of Regional Public Companies (Perumda) and Regional Limited Companies (Perseroda). The establishment of Perumda is in the form of regional regulations based on regional needs and the feasibility of the business field of the Perumda to be formed. Perumda is a BUMD whose entire capital is owned by one region only and is not in the form of shares. One of the important organs in a company is the board of directors. The board of directors who control the company in daily activities has the authority to determine policies in carrying out its powers and obligations in managing the company must have good intentions, be responsible, have integrity, be honest, and be highly dedicated to advancing and developing the company. The board of directors is fully responsible personally for the company's losses if the person concerned is guilty or negligent in carrying out his duties. The board of directors can take or carry out actions to facilitate his duties as long as it is within the scope of his duties and obligations and does not conflict with customs, fairness, and propriety. Implementation of the business judgment rule (BJR) doctrine as a form of protection given to directors in carrying out their duties and responsibilities in running the company. Business decisions or actions taken by directors are intended to manage the company professionally according to their expertise to generate profits for the company, even though there are risks from these decisions and actions that can cause losses for the company</em>

Digital transformation and enterprise violation risk: A ‘motivation-opportunity-attitude’ framework

In the evolving digital economy, digital transformation has emerged as an important strategic choice for enterprises. Their comprehensive and innovative characteristics have instigated a paradigm shift in enterprise governance ideologies and models. However, this transformation has also introduced heightened demands and challenges to enterprise governance mechanisms during the transitional phase. This study examined the influence of digital transformation on enterprise violation risk using data from Chinese A-share listed companies from 2017 to 2021. The analysis revealed an inverted U-shaped relationship between the degree of digital transformation and enterprise violation risk. This relationship was underpinned by three fundamental dimensions: motivation, opportunity, and management attitude. These dimensions were elucidated through mechanisms involving risk perception, management agency costs, and management responsibilities. These conclusions were reached even after rigorous tests for endogeneity and stability. Furthermore, this study probed specific scenarios in which digital transformation influences enterprise violation risk. This finding revealed that internal control mechanisms and external analysts’ attention moderate this relationship. As the effectiveness of internal controls and the attention of external analysts increase, the inflection point of the inverted U-shaped curve shifts to the left, and the curve progressively smoothens. Thus, greater internal control effectiveness and the governance impact of external analysts can positively affect the correlation between digital transformation and enterprise violation risk, thereby facilitating digital resources to empower enterprise governance. This study contributes to the theoretical discourse on the implications of digital transformation for enterprise governance, particularly in the context of evolving market dynamics. It offers valuable insights and recommendations for effectively driving digital transformation processes.

Does distance from government hinder enterprises’ OFDI？Evidence from China

This study analyzes the impact of government–enterprise distance on the probability of outward foreign direct investment (OFDI) with matched data from Chinese prefecture-level municipal governments, the Chinese industrial enterprises database, and the directory of overseas investment enterprises. We determine that increased distance between the government and enterprises has a significant negative impact on the probability of enterprises’ OFDI. Mechanism analysis demonstrates that increased government–enterprise distance, which causes higher information search and relationship building costs, and decreased accessibility of public service, are the main reasons for this decline.

Legal Issues on Corporate Governance of State-owned Enterprises in Ethiopia in Light of Global Good Practices

Legal Issues on Corporate Governance of State-owned Enterprises in Ethiopia in Light of Global Good Practices

Human Trafficking and Gender Inequality: How Businesses Can Lower Risks and Costs

Human trafficking continues to be a profitable multi-billion dollar business. People are either callous toward human rights or they are unaware of the crime occurring. Many businesses may unknowingly facilitate human trafficking by providing services, such as transportation, hotels, or haircuts, or purchasing products from unfamiliar sources that secretly use forced labor. To be socially responsible, a business must establish effective enterprise governance policies that help prevent and detect trafficking. A business can incur legal fines, damage to its reputation, incur lost business, and be subject to litigation, all as a result of human trafficking. Worldwide, estimates are that 50 million people are being trafficked. Human trafficking is especially harmful to females, both adult women and girls, who comprise about 70 percent of all trafficking victims. Gender theory helps explain this disproportionate impact on women. This study provides an overview of human trafficking, an empirical analysis of the relationship of gender inequality to trafficking, and specific steps that a business can take to help prevent this crime, protect its reputation, and avoid fines and lost business.

Category Mapping of Emergency Supplies Classification Standard Based on BERT-TextCNN

In recent years, the escalation in emergency occurrences has underscored the pressing need for expedient responses in delivering essential supplies. Efficient integration and precise allocation of emergency resources under joint government–enterprise stockpiling models are pivotal for enhancing emergency response effectiveness and minimizing economic repercussions. However, current research predominantly focuses on contract coordination and cost-sharing within these joint reserve modes, overlooking significant discrepancies in emergency supply classification standards between government and enterprise sectors, as well as the asymmetry in cross-sectoral and cross-regional supply information. This oversight critically impedes the timeliness and accuracy of emergency supply responses. In practice, manual judgment has been used to match the same materials under differing classification standards between government and enterprise reserves. Still, this approach is inefficient and prone to high error rates. To mitigate these challenges, this study proposes a methodology leveraging the BERT pre-trained language model and TextCNN neural network to establish a robust mapping relationship between these classification criteria. The approach involves abstracting textual representations of both taxonomical classes, generating comparable sentence vectors via average pooling, and calculating cosine similarity scores to facilitate precise classification mapping. Illustrated with China’s Classification and Coding of Emergency Supplies standards and Global Product Classification standards, empirical validation on annotated data demonstrates the BERT-TextCNN model’s exceptional accuracy of 98.22%, surpassing other neural network methodologies such as BERT-CNN, BERT-RNN, BERT-BiLSTM, etc. This underscores the potential of advanced neural network techniques in enhancing emergency supply management across diverse sectors and regions.

Corrigendum: Corporate governance and performance of state-owned enterprises in a least developed economy

No abstract available.

The Evolution of Government–Enterprise Strategies of “Expressway + Logistics Distribution”

Currently, China’s expressway revenue and expenditure imbalance problem is serious. The development of an “Expressway Derivative Economy” (EDE) helps address expressway deficits, ensuring the expressway's sustainable operation. The “Expressway + Logistics Distribution” (ELD) mode is a crucial form of the EDE and enhances expressway traffic flow and asset income. However, the cooperation mechanism among stakeholders remains unclear, hindering the widespread promotion of this mode. This study designs two ELD modes and elaborates on their respective advantages. Therefore, a three-party evolutionary game model involving the government, expressway groups, and logistics enterprises is established. Government “land-use-right” grant and tax incentive policies are formulated to explore the cooperation mechanism among stakeholders. The results indicate that both government “land-use-right” grant and tax incentive policies positively influence the positive evolution of the system. However, when the government “land-use-right” grants reach a high level, the willingness of logistics enterprises to choose entry will decrease due to resource crowding. Comparatively, a higher-level “land-use-right” grant policy significantly enhances the role of government tax incentive policy in promoting the positive development of the system. During tight government funding, it is a feasible policy to prioritize expressway groups by providing more tax incentives. The findings provide theoretical guidance for promoting the ELD mode.

Equity Structure Problem and Optimization Strategy of Start-ups

Equity structure is the foundation of enterprise governance structure, which directly affects the decision-making process of the enterprise and has an important impact on the development of the enterprise. For the first time enterprise, the reasonable design of the ownership structure is directly related to the stability and sustainable development of the enterprise. This paper starts with the importance of the ownership structure design of the start-up, this paper analyzes the challenges in the ownership structure of the first established enterprise, and puts forward the corresponding coping strategies.

Impact of Government Enterprise and Empowerment Programme (GEEP) on poverty status of beneficiaries in Cross River State, Nigeria

In line with the sustainable development goal to end poverty in all forms, the Nigerian Government launched Government Enterprise and Empowerment Programme (GEEP) - as a social investment programme to alleviate poverty by providing credit to petty traders to support entrepreneurship. This study assesses the impact of Government Enterprise and Empowerment Programme (GEEP) on the poverty status of beneficiaries in Cross River State, Nigeria. Specifically, it compared the mean income before, and after accessing the loan, analysed the determinants of poverty status of the respondents in the study area, enumerated the benefits of GEEP to the respondents, and identified the challenges faced by the beneficiaries in accessing the loan. Stratified random sampling technique was used to select 398 respondents who had benefitted from the programme across the eleven Local Government Areas (LGAs) that the programme covered. Data were obtained from primary source with the aid of a well-structured questionnaire, and analyzed using; frequency count, mean, Foster Greer and Thorbecke (FGT) model, paired T- test (Z), and logistic regression analysis. The results showed that, majority of the respondents were male (55.6%) with a mean age of 35 years, and had an average household size of 5 persons. The study also showed that 98.9% of the respondents were educated. The mean monthly income before GEEP support was N 44,535.53, while after GEEP it was N54180.20. Thirty-six percent of the total respondents were poor (36%). The comparative analysis of the mean income before and after accessing the loan showed that, there was a significant difference between their mean incomes at 5% level of significance. Key variables that determined poverty status were; household size and loan amount. The main benefits of GEEP to the respondents were; increase in beneficiaries’ income, and improvement in their standard of living. The major challenges faced by the respondents were; lack of appropriate means to repay loan, stressful loan procedure, and difficulty in transferring money from mobile wallet to bank. The study recommended that the loan application process should be less complex to enable quick loan application. The GEEP programme should be sustained, and allowed to have wider coverage in both rural and urban areas of the country as it has assisted a lot of small business owners’ access to cheap credit. Key words: Impact, GEEP, empowerment programme, government enterprise, poverty status

Navigating gendered spaces: a feminist phenomenological exploration of women entrepreneurs lived experiences within government support agencies

PurposeThis article explores women entrepreneurs' lived experiences in their interactions with government enterprise support agencies. It investigates the relationship between gendering and Entrepreneurial Orientation (EO), as a normative orientation adopted at the institutional level and justified by an economic rationale. It also explores how women entrepreneurs articulate their experiences through embodied metaphors and image schemas, shedding light on how they navigate the institutional entrepreneurial space.Design/methodology/approachThis study is framed within the concept of Phenomenological Orientation as conceptualised in feminist phenomenology. It applies Interpretative Phenomenological Analysis, a qualitative methodology focused on interpreting accounts of first-person lived experiences of a phenomenon. It combines IPA with Conceptual Metaphor Theory to understand women's articulation of their embodied relationship within the entrepreneurial space.FindingsFindings reveal that the entrepreneurial orientation functions as a gendering process within entrepreneurial institutions, reinforcing masculine hegemonic ideals and marginalising women entrepreneurs. Women's phenomenological orientations often diverge from the normative entrepreneurial orientation, highlighting the need for a more inclusive framework in institutional entrepreneurial spaces.Research limitations/implicationsThis article contributes to women's entrepreneurship literature by underlining the temporal dimension of entrepreneurship and the tension that underpins their interactions with government support bodies. It calls for inclusive policies and procedures to match the heterogeneity of orientations. While highlighting its limitations, it also suggests future research directions to deepen the understanding of entrepreneurship and inform more suitable support structures for all entrepreneurs.Originality/valueThis study contributes to the literature by shedding light on the nuanced interplay between gendering, entrepreneurial orientation, and women entrepreneurs' lived experiences. It extends previous research by framing “orientation” within a temporality framework, offering a novel perspective on the gendering of entrepreneurial spaces.

Environmental, Social, and Governance Performance, Platform Governance, and Value Creation of Platform Enterprises

Under the concepts of sustainable development and a sharing economy, the ESG performance of platform enterprises has played a significant role in measuring the operating status and responsible investment of platform enterprises. Platform enterprises have different typical characteristics from traditional enterprises. The mechanisms of ESG and financial performance needs to be further explored. The empirical analysis finds that: (1) the ESG performance of platform enterprises and its S index and G index has a positive impact on corporate financial performance. (2) Media attention plays a positive moderating role between the ESG and ROA. (3) Platform data governance and platform reputation governance are two internal and external paths for platform enterprises’ ESG performance to improve financial performance. (4)There is heterogeneity in the relationship between ESG and ROA in terms of platform enterprise scale and platform type. Based on the above conclusions, this paper provides reference experience for the ESG governance and value creation of platform enterprises.

Sustainable Waste Governance Framework via Web-GIS: Kadikoy Case

Waste management, one of the fundamental problems of today, is at the center of sustainability discussions. The failure to adopt a holistic and participatory approach in traditional waste management highlights the need to develop new approaches. The main purpose of this research is to present the basic components of a Web-GIS-based platform design for sustainable waste governance. The presented framework emphasizes that waste management is not a problem of local or central government and that holistic sustainable waste governance can be achieved with the participation of all relevant stakeholders. The Kadikoy district of Istanbul, a metropolitan city, was selected as the study area. Information was collected from the study area with quantitative and qualitative analysis methods. The results obtained with fieldwork and survey data show that there is a need for a location-based platform that allows relevant stakeholders to see the current waste management workflow, enter data themselves, and provide feedback. The Web-GIS-based platform proposed in this article to meet this need is an important step in ensuring sustainable waste governance. In the article, a Web-GIS-based platform has been developed to ensure the sustainable waste governance of commercial enterprises for local governments.

Implementation of Digital Transformation and Government Enterprise Architecture in Improving the Performance of Integrated Social Services

This study addresses the subject matter of declining public confidence in local governments in Indonesia, primarily due to issues in public service delivery, highlighting the urgent need for improved integrated social services. The objective is to analyze the mediating effect of enterprise architecture orientation on the influence of environmental turbulence, flexibility strategy, business model innovation, and digital transformation on social service performance in West Java. Methods involved a survey explanatory approach with all 27 social service providers in West Java Province, employing whole population sampling. Data were analyzed using descriptive statistical analysis and hypothesis testing using Partial Least Square Structural Equation Modeling (PLS-SEM). Results indicate that environmental turbulence, flexibility strategy, business model innovation, and digital transformation significantly impact social service performance when mediated by enterprise architecture orientation. The conclusions suggest that a robust model emphasizing strategic architectural orientation and effective implementation of flexibility, innovation, and digital transformation can enhance social service performance amidst environmental challenges. This study contributes to understanding the complex dynamics of social service provision in local governments, advocating for strategic investments in enterprise architecture and adaptive strategies to improve public service delivery and restore public trust.

Central environmental protection inspection, green technology innovation and carbon intensity of industrial enterprises – Empirical research based on multi-period differences-in-differences model

As a major institutional innovation of China's environmental governance system, weather the Central Environmental Protection Inspection (CEPI) can reduce carbon intensity is still unclear. This research takes 18,728 company-year sample observations of Chinese industrial A-share listed companies from 2009 to 2020 as the research object (CSMAR and CNRDS databases are used). Multi-period Differences-in-Differences model approach is employed to investigate the mechanisms through which the CEPI affects carbon intensity governance in industrial enterprises, the heterogeneous effects of CEPI are explored at macro, meso and micro levels. CEPI reduces the carbon dioxide emissions of industrial enterprises by 0.028 tons per 10,000 yuan of output value, CEPI achieves carbon intensity governance effect by incentivizing companies to enhance the quantity and the quality of green technological innovation. High level of public environmental oversight and industry competition, as well as nature of state-owned enterprises facilitate the CEPI's role in promoting the reduction of enterprise carbon intensity. The findings provide practical insights for driving green technological innovation among enterprises. Some policy implications are proposed. CEPI should be regulated to strengthen the environmental governance responsibilities of local governments and incentivize industrial enterprises to improve the quantity and quality of green technological innovation and reduce carbon intensity.