Government Enterprises Research Articles

Application Analysis of Equity Incentive in China's Environmental Governance Enterprises——Taking Beijing AvIC Teda As an Example

Application Analysis of Equity Incentive in China's Environmental Governance Enterprises——Taking Beijing AvIC Teda As an Example

Inter-generational governance transition in Chinese family businesses: Relational or contractual?

Inter-generational succession in family enterprises influences internal governance models, and their relationship is mediated by the successor's socialization process. Drawing on the enterprise capability theory, the author employed a survey method to examine the relationship between cognitive assets held by family enterprise successors and two governance modes. The findings confirm that tacit knowledge, relational networks, and entrepreneurial spirit among family enterprise successors positively influence their socialization roles, thereby triggering governance adaptation. Specifically, relational governance is continuously strengthened, while contractual governance exhibits an inverted U-shaped trend. Organizational conventions play a positively moderating role in this influencing process. This study extends the application boundaries of enterprise capability theory, deepens the understanding of enterprise cognitive systems, enriches the literature on the relationship between relational and contractual governance, and provides theoretical foundations for inter-generational governance in family enterprises.

Evolutionary Game Analysis of Government–Enterprise Collaboration in Coping with Natech Risks

The synergistic interaction between emergency management departments and enterprises constitutes a fundamental mechanism for mitigating the risks of technological accidents caused by natural disasters (Natech). The efficacy of this collaborative approach is impacted by comprehensive risk analyses and the game between government and enterprise. Predicated on these premises, the evolutionary game analysis of government–enterprise collaboration in coping with Natech risk was carried out. Firstly, an evolutionary game model of government–enterprise collaboration in coping with Natech risk was constructed. Secondly, the evolutionary stability strategy (ESS) was developed. Finally, these strategies were substantiated through numerical simulations. The findings revealed that at lower levels of Natech risk, enterprises will choose low investment in coping capacity building, and emergency management departments will choose delayed disposal. Under moderate Natech risk, enterprises will increase their investments if emergency management departments persist with delayed strategies, and emergency management departments will react proactively if enterprises persist with low investment. Under a high Natech risk, a pattern of strategic misalignment emerges between the two entities. This study contributes a theoretical basis for the optimization of government–enterprise collaboration in coping with Natech risks.

State Audit and Governance of State-owned Enterprises: Mechanisms and Paths of Influence

Supervision of state-owned enterprises and state-owned capital operation is the statutory duty of state audit. This paper analyses the function and positioning of state audit in the governance of state-owned enterprises, researches the influence mechanism of state audit on the governance of state-owned enterprises, and discusses in depth the path of state audit influencing the governance of state-owned enterprises from the formation of effective power supervision and information transmission mechanism, respectively, with a view to providing theoretical and practical references for the high-quality development of state-owned enterprises.

Chinese Government Enterprise Driven Strategies in Rural Poverty Alleviation - A Case Study of China's Rural Area of Henan

Chinese Government Enterprise Driven Strategies in Rural Poverty Alleviation - A Case Study of China's Rural Area of Henan

ESG rating disagreement and corporate green innovation bubbles: Evidence from Chinese A-share listed firms

Environmental, social and governance (ESG) plays a significant role in environmental governance of enterprises, while the sustainability of this function is uncertain in the absence of unified disclosure and scoring standards. Based on a set of data from Chinese A-share listed firms over the period 2015-2021, this paper describes how ESG rating disagreement affects the green innovation bubbles of corporations. The empirical result implies that ESG divergence significantly aggravates corporate green innovation bubbles. Our finding indicates that the managerial myopia is the potential influential mechanism. In addition, from the perspective of external pressure and internal governance, this study concludes that industry competition, media attention and internal control effectiveness would attenuate the positive relationship between ESG disagreement and green innovation bubbles of companies. This study investigates the economic consequences of ESG disagreement from the perspective of corporate green innovation bubbles, expanding the nascent stream of research on the relationship between ESG disagreement and corporate behaviors.

Factors affecting corporate governance: The case of state-owned enterprises with 100% capital ownership in Vietnam

This study aimed to evaluate the influence of various factors on the corporate governance of state-owned enterprises with 100% capital ownership in Vietnam. Employing quantitative research methods, the article conducted an analysis of 250 survey samples taken from such enterprises and utilized regression analysis techniques. The findings revealed eight factors that significantly impact the corporate governance of these entities in Vietnam: enterprise awareness, ownership model, the state’s role as an owner, integration, board of members, legal framework, managerial experience, and activity objectives. Leveraging these research outcomes, several recommendations have been proposed to enhance the corporate governance practices within state-owned enterprises holding complete capital ownership in Vietnam.

The Moderating Effect of Firm Characteristics on the Relationship between Corporate Governance and Financial Performance of Business Enterprises in Uganda

The Moderating Effect of Firm Characteristics on the Relationship between Corporate Governance and Financial Performance of Business Enterprises in Uganda

The Early Stage of Applying Environmental, Social, and Governance in an Asian Emerging Economy

Purpose: This article aims to clarify the current situation and the factors influencing the early stages of applying environmental, social, and governance (ESG) in the Vietnamese economy. Design/methodology/approach: We employed a large-scale survey with 130 responses from November 2023 to January 2024 and statistics analysis using SPSS 26.0. Findings: We found that awareness of leaders, accountants' levels, pressure on ESG, state guidance, management process, information base, and women on boards, respectively, influence the early stages of applying environmental, social, and governance in Vietnamese enterprises. Research, Practical & Social Implications: This study illuminates the factors that influence the early stages of ESG performance in Vietnam, an emerging Asian economy. The findings highlight the crucial role of leaders' awareness and accountants’ levels in this process. This understanding can guide the country's leaders and policymakers in formulating strategies to promote ESG adoption for the sustainable development of the whole economy. Originality/value: This study stands out for its originality. It comprehensively analyzes the early period of ESG adoption in an emerging Asian country, particularly Vietnam. Its findings offer objective evidence to understand the situation and impacted factors on ESG application, aiding governments and related parties in formulating appropriate policies for sustainable development with ESG.

The Early Stage of Applying Environmental, Social, and Governance in an Asian Emerging Economy

Purpose: This article aims to clarify the current situation and the factors influencing the early stages of applying environmental, social, and governance (ESG) in the Vietnamese economy. Design/methodology/approach: We employed a large-scale survey with 130 responses from November 2023 to January 2024 and statistics analysis using SPSS 26.0. Findings: We found that awareness of leaders, accountants' levels, pressure on ESG, state guidance, management process, information base, and women on boards, respectively, influence the early stages of applying environmental, social, and governance in Vietnamese enterprises. Research, Practical & Social Implications: This study illuminates the factors that influence the early stages of ESG performance in Vietnam, an emerging Asian economy. The findings highlight the crucial role of leaders' awareness and accountants’ levels in this process. This understanding can guide the country's leaders and policymakers in formulating strategies to promote ESG adoption for the sustainable development of the whole economy. Originality/value: This study stands out for its originality. It comprehensively analyzes the early period of ESG adoption in an emerging Asian country, particularly Vietnam. Its findings offer objective evidence to understand the situation and impacted factors on ESG application, aiding governments and related parties in formulating appropriate policies for sustainable development with ESG.

A study on the evolutionary game theory of third-party governance of environmental pollution based on the quasi-co-owned relationship of pollution rights

The third-party governance of environmental pollution and the pollution rights trading system are two typical examples of modern environmental governance systems. In China, the quasi-co-owned relationship of pollution rights between pollution-discharging and pollution-control enterprises is the link through which to achieve synergy between the two factors. To explore how to achieve such synergy, first, the “principle of no-fault liability” is introduced, and the responsibilities of pollution-discharging enterprises and pollution-control enterprises are defined. Second, based on the quasi-co-owned relationship of pollution rights, a revenue-sharing mechanism for pollution rights trading is designed. Finally, a tripartite evolutionary game model consisting of pollution-discharging enterprises, pollution-control enterprises and local governments is constructed, and numerical simulation is performed. The results are as follows. 1) By setting a reasonable market trading price for pollution rights, a reward and punishment distribution coefficient, an improvement in reputation gains, and a saving in pollution rights indicators become conducive to the formation of cooperative relationships between pollution-discharging and pollution-control enterprises, for which the reasonable range of the reward and punishment distribution coefficient is (0.3, 0.4]. 2) Regardless of whether a government subsidy is provided, the optimal range of the revenue-sharing coefficient from pollution rights trading is [0.5, 0.6]. 3) When a government subsidy is withdrawn, increasing the market trading price and surplus indicators of pollution rights can promote the stable operation of the third-party governance model. 4) An increase in policy support and administrative accountability of higher levels of government and a reduction in supervision costs for local governments can help these parties effectively avoid addressing the absence of local government supervision. It is recommended that third-party governance enterprises participate in pollution rights trading to implement the main responsibilities of pollution-discharging and pollution-control enterprises and to set a reasonable revenue-sharing coefficient and reward and punishment distribution coefficient of pollution rights.

State Owned Companies in the European Gaming Market: Comparative Perspectives

Abstract This paper looks at different case studies of European lotteries operating games of chance for the public benefit. It takes the case studies of four national lotteries as most similar systems design comparative methodology to investigate the extent to which market structure and managerial strategy play a role in the profitability of the companies. The empirical data collected through process tracing, public statements and public records shows that while being bound to interact with each other, the market context does not dictate managerial strategies, and innovations in the latter offer very diverging results in terms of the bottom line of the different European lotteries operating games of chance. This paper contributes thus to the existing literature on market conditions for companies operating games of chance (e.g. Huttenen 2020, Grote & Matheson 2023, Clotfelter & Cook 1991) by developing a much-needed link to the academic literature on corporate governance in state-owned enterprises (e.g. Cao & Vittas 2017, Szarzec & Nowara 2017, Megginson & Netter 2019).

Research on Financial Performance Evaluation and Risk Governance of Photovoltaic Enterprises Under the Whole Industry Chain Model

As China puts forward the strategic development goals of “carbon peak” and “carbon neutrality”, the demand for clean energy is increasing day by day. Solar energy-based power generation technology has developed rapidly in recent years and has become increasingly mature. The competition among photovoltaic companies has gradually intensified. At present, most leading enterprises in the photovoltaic industry are extending to the integration of the industrial chain, and the whole industrial chain strategy has become the mainstream strategic direction. Based on the above situation, from the perspective of the industrial chain, this paper selects the three leading enterprises in the photovoltaic industry, evaluates and analyzes their financial performance after the entire industrial chain model, and then explores the possible risks in the entire industrial chain model of photovoltaic enterprises, and puts forward the suggestions of governance risks.

Perception-Dominant Control Types for Human/Machine Systems

We explore a novel approach to complex domain modelling by emphasising primitives based on perception. The usual approach either focuses on actors or cognition associated with tokens that convey information. In related research, we have examined using effects and/or outcomes as primitives, and influences as the generator of those outcomes via categoric functors. That approach (influences, effects) has advantages: it leverages what is known and supports the expanded logics we use, where we want to anticipate and engineer possible futures. But it has weaknesses when placed in a dynamic human-machine system where what is perceived or assumed matters more than what is known. The work reported here builds on previous advances in type specification and reasoning to ‘move the primitives forward’ more toward situation encounter and away from situation understanding. The goal is in the context of shared human-machine systems where: • reaction times are shorter than the traditional ingestion/comprehension/response loop can support; • situations that are too complex or dynamic for current comprehension by any means; • there simply is insufficient knowledge about governing situations for the comprehension model to support action; and/or, • the many machine/human and system/system interfaces that are incapable of conveying the needed insights; that is, the communication channels choke the information or influence flows. While the approach is motivated by the above unfriendly conditions, we expect significant benefits. We will explore these but engineer toward a federated decision paradigm where decisions by local human, machine or synthesis are not whole-situation-aware, but that collectively ‘swarm’ locally across the larger system to be more effective, ‘wiser’ than a convention paradigm may produce. The supposed implementation strategy will be through extending an existing ‘playbooks as code’ project whose goals are to advise on local action by modelling and gaming complex system dynamics. A sponsoring context is ‘grey zone’ competition that avoids armed conflict, but that can segue to a mixed system course of action advisory. The general context is a costly ‘blue swan’ risk in large commercial and government enterprises. The method will focus on patterns and relationships in synthetic categories used to model type transitions within topological models of system influence. One may say this is applied intuitionistic type theory, following mechanisms generally described by synthetic differential geometry. In this context, the motivating supposition of this study is that information-carrying influence channels are best modelled in our challenging domain as perceived types rather than understood types.

Corporate governance, institutional ownership, and stock liquidity of SMEs: evidence from China

ABSTRACT This study explores the relationship between corporate governance and stock liquidity of Chinese small and medium-sized enterprises (SMEs). Our findings reveal a nonlinear (U-shaped) relationship between the overall quality of corporate governance and stock liquidity, implying that, unlike large-sized listed firms, SMEs cannot monotonically increase liquidity through improved corporate governance. After examining the sub-indicators individually, we find that the percentage of institutional shareholdings is the main driver of this U-shaped relationship. The nonlinear relationship between institutional shareholdings and stock liquidity suggests that continuously enhancing corporate governance may reduce stock liquidity, posing challenges for SMEs in securing financing.

Comprehensive Assessment on Structural Aspects and Risk Governance in Construction Enterprises

Comprehensive Assessment on Structural Aspects and Risk Governance in Construction Enterprises

Transforming Public Spaces in Post-Socialist China’s Danwei Neighbourhoods: The Third Dormitory of the Party Committee of Shandong Province

The urban residential pattern in China experienced two significant transitions during the second half of the 20th century. The first happened in the 1960s, based on the Soviet model, when a large-scale community model was built led by government enterprises and institutions under a planned economy; the second was in 1998 when the real estate market-led socialised community model emerged after the reform of commercial housing. The former is characterised by the integration of supervisory units, service units, and property owners: Residents enjoy the right to use the residences and supporting services provided by their affiliated institutions, while for the latter case, supervisory units, service units, and property owners are separate. New conflicts have been found in Danwei neighbourhoods with the housing commercialisation reform. This research focuses on the Third Dormitory of the Party Committee of Shandong Province as a case study to analyse the transformation of public space in the Danwei neighbourhood during the post-socialist era. Through archival research, interviews, and observation, this research has found that two forces that celebrate marketisation by the new residents and resist marketisation by the original residents coexist in the Third Dormitory. Unregulated spatial practices have resulted from the incomplete control of the owners of public space by the provincial government office. This research offers an example of public space transformations in Danwei neighbourhoods, which have undergone incomplete marketisation. The reflections on the Third Dormitory provide references for future neighbourhood management and policy-making.

A Knowledg Graph Model for e-Government

Many governments around the world have invested huge amount of resource to build their e- Government capabilities, to meet government objectives of effective public service delivery and citizens engagement. The increase in size of an e-Government landscape has led to the increase in complexity of the infrastructure. This increasing complex infrastructure presents a challenge for governments to continue to meet its objectives. Knowledge Graph (KG), a constituent AI technology, has shown a lot of promise in helping governments meet its objectives in the midst of the complexity. A major aspect of this complexity is the need to maintain a single view of the world, in the form of a unified meaning of data, within a given e-Government instance, given the heterogeneity in data models used in the different departments within an e-Government instance. In this paper, we present a unique perspective in addressing the problem of deriving semantic meaning from disparate data in an e-Government context, using KG. Our aim is to advance the objectives of effective service delivery and citizens engagement in a complex e- Government instance. We focus on creating a data- centric architectural model that is single, simple and extensible, based on KG. We create a functional model based on architectural view and viewpoints from standards such as The Open Group Architectural Framework (TOGAF). The functional model highlights the various components that underpin the functions. We have developed our model within the context of a Design Science Research (DSR) approach, and we provide evaluation of same model within that context. An e- Government KG model guides the development of KG solutions in e-Government, in order to achieve the e- Government enterprise goals of effective service delivery and citizens engagement.

Social enterprise governance and labor equity: the emerging role of work-integrated social enterprises in a niche labor market

PurposeThis paper analyzes how a national social enterprise policy encourages the social missions of social enterprises and uncovers the relationships between social enterprise governance and labor equity, an area that has been rarely studied in nonprofit governance studies.Design/methodology/approachThe study analyzes the effects of four legal requirements for work-integrated social enterprises (WISEs) codified by the Social Enterprises Promotion Act (SEPA, 2007) in South Korea. Then, it relies on panel regression analysis (2020–2022) to examine how the compositions of the governance of WISEs are related to their hiring and wage equity.FindingsThe institutional arrangements required by SEPA have resulted in positive social impacts for most WISEs. However, the results of regression models show that individual participant groups in the WISE governance achieved mixed results depending on the labor issue.Research limitations/implicationsGenerally, this research explores the concept of diversity and its utility in nonprofit governance, with a particular focus on targeted diversity policies, demonstrating that governance arrangements influence the success of these policies.Practical implicationsThe findings bring new insights for policymakers about “altruistic economic entities.” For practitioners in social enterprises, the results of the regression models underscore the importance of understanding the participant composition of decision-making meetings.Originality/valueThis study sheds light on labor equity, which government-certified social enterprises should achieve from the perspective of nonprofit governance.

Stakeholders self‐organization and adaptive governance in social enterprises: Membership representation, worker control and client orientation

AbstractThe article uses elements of complexity theory, social systems theory, and new institutionalism to analyse stakeholder self‐organization in Italian non‐profit social enterprises. Organizational development goes through an evolutionary process of trial and error, in which stakeholder self‐organization produces governance rules and routines to achieve adaptation and resilience in a changing socioeconomic environment. Survey data regarding social cooperatives, which are prevalent in Italy as a form of social enterprise, display how diverse stakeholders engage in self‐organization and self‐positioning within key governance bodies of membership and board of directors. The results demonstrate that in the absence of investor ownership, producers, especially paid staff but also volunteer workers, assume the main responsibility for decision‐making and control. Client orientation, the production of economic and social value in favour of customers and users, is achieved in a context of high relational intensity through participation in the co‐production and co‐creation of services, as well as the pooling of non‐commercial resources and favourable price discrimination, less through participation in decision‐making and control. This emerging evolutionary pattern can support the development of new organizational and business models for social enterprises.