Intensity Of Market Competition Research Articles

Evaluation of the Effect of Commercialization of Technology in Creating Sustainable Competitive Advantage of Knowledge-based Companies Emphasizing the Moderating Role of Environmental Factors

The present study aimed at designing a structural equation model of the effect of technology commercialization performance on creating sustainable competitive advantage of knowledgeable companies with an emphasis on the moderating environmental factors.Research population includes 133 managers of knowledge based companies at the center for the growth and development of science and technology Park of East Azerbaijan University and based on the Cochran formula, the sample size was measured to be 99, and selection by stratified random sampling method, and the standard questionnaire is distributed among them. The research is applied in nature and the method is descriptive and survey. Then, the data were analyzed using smart pls software for partial least squares (PLS) path modeling. The results show that the technology commercialization performance has a positive effect on the competitive sustainable advantage of knowledge-based companies, as well as the role of variable moderating environmental factors (market turbulence, competitive intensity and technological turbulence) in the path between the technology commercialization performance and the sustainable competitive advantage of knowledge-based companies.

Confucian culture, environmental innovation, and family firms' performance: The moderating role of market competition

AbstractEnvironmental innovation has become an important way for family firms to meet institutional requirements and market demands. Based on the dual perspectives of informal institution and environmental innovation, this study constructs a research framework of “culture‐innovation‐performance” to explore the relationship between Confucian culture, environmental innovation, and family firm performance as well as the moderating role of market competition intensity. A total of 529 family firms in the manufacturing industry listed on the Shanghai and Shenzhen A‐share stock markets between 2015 and 2021 were selected as the research sample to test the hypotheses using multiple regression analysis. The results indicate that Confucian culture significantly promotes the quality of environmental innovation but does not have a significant effect on the quantity of environmental innovation; moreover, both the quantity and quality of environmental innovation can promote the performance of family firms, and this promoting effect is stronger in an environment with lower market competition intensity. This study not only enriches the application of Confucian culture in environmental innovation but also provides guidance on how firms can improve the quality of environmental innovation.

Empirical study on marketing investment and business innovation—A case analysis based on small and medium enterprises

Marketing investment and innovation capacity are crucial strategic choices for companies. This paper uses data from small and medium-sized companies from 2015 to 2022 to explore the impact of marketing investment on corporate innovation in depth. The study finds a positive correlation between marketing investment and corporate innovation, market competition intensity moderates the relationship between marketing investment and corporate innovation. This research has practical significance for enhancing the marketing capabilities and innovation resource allocation of small and medium-sized enterprises in China.

Regional judicial capacity and corporate total factor productivity: Evidence from the establishment of circuit courts

The strategic importance of total factor productivity (TFP) in the high-quality development phase of enterprises is increasingly prominent, and understanding the impact of regional judicial capacity on corporate TFP is crucial. We treat the establishment of Circuit Courts as a quasi-natural experiment for regional judicial capacity and construct the staggered difference-in-differences model to examine how regional judicial capacity affects corporate TFP. We find that the establishment of Circuit Courts significantly enhances corporate TFP. Mechanism tests show that the establishment of Circuit Courts improves the macro-level market competition environment, legal environment, and contractual environment, enhances micro-level resource allocation efficiency, strengthens innovation capacity, reduces bribery expenses, eases financing constraints, and promotes specialized division of labor, thereby improving corporate TFP. The positive effects of Circuit Courts are more pronounced among firms in regions with higher levels of local protection and administrative intervention, lower levels of intellectual property judicial protection, weaker product market competition intensity, and among non-state-owned enterprises without political connections. Our results remain robust after a series of robustness and endogenous tests. Overall, this study not only reveals the important role of judicial capacity enhancement on enterprise development, but also provides evidence support for deepening the reform of the judicial system and improving the Circuit Courts system.

Blockchain technology empowers the cross-border dual-channel supply chain: Introduction strategy, tax differences, optimal decisions

Fueled by the widespread adoption of blockchain technology in supply chain management and international trade, this paper develops a cross-border dual-channel supply chain consisting of a domestic manufacturer, a domestic cross-border e-commerce company, and an overseas physical store. This paper aims to explore the impacts of tax differences, market competition intensity, consumers’ sensitivity to products with blockchain attributes, blockchain technology investment costs, and production quantity deviations on the strategies for adopting blockchain technology. Through simulation analysis, this study compares blockchain investment efforts, wholesale prices, retail prices, and the profits generated by supply chain members across different scenarios. The results show that when production quantity deviations are greater than 0, the domestic manufacturer’s adoption of blockchain technology provides free-riding benefits to other supply chain members, thereby enhancing the overall profitability of the supply chain. However, the introduction of blockchain technology by the domestic manufacturer does not always yield benefits; when the production quantity deviations are less than 0 and the blockchain investment cost coefficient is too high, it decreases the willingness of the domestic manufacturer to adopt blockchain technology. Moreover, from a profit maximization perspective, regardless of the changes in production quantity deviations and whether the domestic manufacturer introduces blockchain technology, both the domestic cross-border e-commerce company and the overseas physical store should adopt blockchain technology. Finally, The five influencing factors mentioned earlier will, to some extent, affect the profits and decision-making of supply chain members, suggesting that these members should vigilantly track these variables.

Optimal strategies for innovation and market allocation in joint production

Capacity sharing is an important way for relevant enterprises to save production materials. This paper constructs a capacity sharing decision-making model that considers market competition intensity, and introduces the independent market size of participating entities into the model design. This paper explores the impact mechanism of factors such as market competition intensity, independent market size of participating entities, and innovation cost coefficient on system decision-making. Research has found that the increase in independent market size has a consistent impact on the innovation and pricing decisions of enterprises sharing production capacity. Although the increase in independent market size enhances the sharing ability of production line innovation costs, it may not necessarily alleviate the problem of excessive competition among participating entities in overlapping markets. It is also necessary to specifically consider the impact of market competition intensity. The specific research conclusions provide decision-making basis for enterprises to participate in the process of capacity sharing, and also provide theoretical basis for relevant government departments to intervene in the process of capacity sharing.

CEO overseas experience, dynamic capabilities and corporate digital transformation: An imprinting theory perspective

The drivers of corporate digital transformation have been the focus of industry and academic attention. To deeply explore the driving factors and influencing mechanisms of corporate digital transformation (CDT), this paper takes Chinese listed manufacturing companies from 2007–2021 as the research object, based on imprinting theory, adopts the Driscoll-Kraay standard error method, examines the impact of CEO overseas experience on CDT, analyzes the moderating mechanisms of market competition and organizational resources, as well as the mediating effect of dynamic capabilities. The study shows that CEO overseas experience significantly promotes CDT, while market competition intensity and organizational slack resources strengthen the above relationship. Dynamic capabilities play a mediating role in the relationship between CEO overseas experience and CDT. The above findings still hold after considering robustness tests and endogeneity treatments. Further research finds that the overseas working experience of a CEO outweighs the learning experience when it comes to CDT; a CEO with overseas experience has a more significant influence on CDT in the company with a low growth rate; when the CEO is also the chair of the board in the executive team of a company, the overseas experience matters more to CDT; the overseas experience of CEOs with deep academic backgrounds has a more significant impact on CDT. This paper states the driving mechanism of corporate digital transformation from the imprinting theory perspective, and the findings are proven to be substantial and offer practical value for the in-depth development of corporate digital transformation.

A Study on the Role of Human Resource Planning in the Implementation of Corporate Strategies

With the deepening integration of the global economy and the increasing intensity of market competition, the implementation of corporate strategy has become a crucial factor determining the survival and development of enterprises. In this process, human resources, as one of the most important resources for enterprises, play a profound role in the planning and management of the implementation of corporate strategy. This paper aims to explore the role of human resource planning in the implementation of corporate strategy through relevant research. The goal is to provide theoretical support and practical guidance for enterprises to formulate effective human resource planning, thereby promoting the successful implementation of corporate strategy. This not only contributes to enhancing the competitiveness of enterprises but also facilitates the development of theories and practices in human resource management.

Enhancing the role of dynamic capabilities of the coal companies under the conditions of sharp price fluctuations at the international markets

In recent years, international coal markets have been facing a trend of a growing number of sharp price fluctuations during a year. This can be regarded as the evidence for the increasing intensity of market competition as well as for the growing number and significance of the external environment factors affecting the world coal market. Actually, the coal market players have to operate in the conditions of unstable prices and external limitations that in their turn require searching for new sales markets, changing logistics routes, product lines, production and technological processes, etc. It results in the increasing significance of dynamic capabilities of coal companies – organizational capabilities on changing the portfolio of resource and capabilities in response to the changing competition at the market. In the conditions of growing volatility of coal markets the adaptation capabilities of a company become a basis for its economic effectiveness and competitiveness as well as for the viability as a whole as it allows to accelerate the process of making decisions about the necessary transformations and evaluate the risks, and are crucial for the implementation of new projects. Any activities on the evaluation and development of dynamic capabilities are possible only inside a company. This task should be solved at the strategic level of decision-making alongside with identifying the company’s individual priorities for development of organizational capabilities lying in the basis of dynamic capabilities of a company.The article deal with the author’s definition of the basic categories of dynamic capabilities implemented for the coal industry. The definition presents the priorities for operation in the current conditions and the capability to transform and accept new business-models, develop analytical capabilities and skills of acquisition and alliances with other companies.

Research on mining high performance path rules for new energy enterprises from the perspective of social responsibility—Empirical data from China

The high-quality development of new energy enterprises is of great significance to promote carbon peak and carbon neutrality and cope with the global warming crisis. However, with the increasing intensity of market competition and the appropriate weakening of the expected future subsidies, how to improve their performance through the fulfillment of the social responsibility of stakeholders has become a key scientific problem to be solved. Given the features of the new energy industry, including substantial initial investment, formidable technical barriers, and a pronounced reliance on policy support, this paper takes 182 new energy concept enterprises listed in China's A-shares in 2011–2020 as the research object. Employing qualitative comparative analysis, we extract four key rules for achieving high performance in new energy enterprises from the perspective of value co-creation of core stakeholders, including capital stakeholders (shareholders and creditors), technical stakeholders (employees), policy stakeholders (government and society), and upstream and downstream stakeholders (suppliers and customers). Then, we explore the performance improvement rules of typical cases. Our findings reveal that within the realm of new energy enterprises, capital-intensive enterprises with cost leadership and tax incentives, energy-manufacturing enterprises with suppliers dependence and saving environmental input, technology-innovation enterprises with cost leadership and talents dependence, and comprehensive-mature enterprises with suppliers dependence and tax incentives are more likely to achieve high performance. The findings can better guide management practice and promote the high-quality development of new energy enterprises.

Influencing factors of green building practitioners’ competition perceptions: evidence from China

The concept of green sustainability has driven innovation in green construction technologies (GCTs), fostering heightened competition in the construction market. However, there is limited research on the factors that influence the perceptions of green building practitioners (GBPs) regarding the intense market competition. To address this, based on 407 questionnaires collected in China, this study employs the ordinal logistic regression (ORL) method to investigate the relationship between heterogeneity, psychological capital and industry pressure, and GBPs’ perceptions of market competition intensity. The results reveal that (1) GBPs’ competition perceptions (CPs) are generally high and (2) Individual and occupational differences in GBPs’ CPs are significantly different. Notably, higher education levels correlating to diminished CPs, and managers exhibit greater sensitivity compared to non-managers. (3) Perceived value and company’s environmental responsibility are the most influencing factors that significantly affect GBPs’ CPs. This study offers implications for enhancing GBPs’ understanding of GCTs and industrial competition, thus contributing to improving decision-makers’ strategies for establishing competitive advantages. Additionally, it aids in formulating market competition rules, thereby fostering the transformation of the construction industry.

Innovative subsidy schemes under a limited budget: how and when do they matter

ABSTRACT Inspired by the global budget concept in health care, we propose an innovative subsidy scheme in which governments do not commit the subsidy amount in advance but determine it by the end of the subsidy period. The performance of the traditional and proposed subsidy schemes is evaluated in an oligopoly without competition, where each manufacturer decides its product quality and production quantity under the diseconomies of scale in production. Both types of schemes can take into account product quality or not. Our results show that compared to the traditional scheme, the proposed scheme drives manufacturers to reduce production quantity but improves product quality and brings them higher profits. Furthermore, the scheme results in greater social welfare when the subsidy budget is large. Finally, we conduct robustness checking by considering the market competition and absence of the diseconomies of scale, respectively. The result shows that the main findings in the basic model continue to hold, while there are additional findings. In the first scenario, as the market competition intensity increases, our proposed scheme becomes more preferable to the manufacturers and the government. In the second scenario, subsidy schemes that take product quality into account are never preferable.

DEFINING STRATEGIC INVESTMENT PRIORITIES IN BUSINESS ACTIVITIES

This paper underscores the role and position of investment activity within the framework of strategic enterprise management. It explores the economic essence and distinct characteristics of the investment process, which encompasses the issuance and accumulation of production resources as investment goods and services. It is argued that the investment process at an enterprise can be viewed from two perspectives: as a complex of potential alternative investment decisions based on available financial resources and the capability to attract additional funds (implemented through the development of the enterprise's investment policy strategy); and from the standpoint of each specific investment decision (the rationale and specific investment projects). The paper provides comprehensive recommendations that cover all aspects of the investment process to enhance the methodological support for selecting strategic investment priorities to ensure the enterprise's sustainable development. Distinctive features of financial and investment resources in the system of resource provision for enterprise development when forming an investment development strategy are highlighted. A matrix for defining the plan's priorities for investment provision of enterprise development is developed. It is substantiated that investment risk depends on numerous factors that directly influence the choice of investment strategy. To generalize the impact of these factors, a rating indicator is proposed, which considers the characteristics of investment attractiveness and the level of investment risk. The composition of attributes for assessing the investment attractiveness of the enterprise is justified, including the state of critical factors determining investment efficiency: technical-technological base of production; level of resource availability and efficiency of their use; economic parameters of business activity and financial condition of the enterprise; market demand dynamics and competitive intensity on the target market; level of management organization. Recommendations are provided for determining investment risk based on a summary of quantitative assessments of a complex of dangers and threats that are individual to each investment process participant.

The Relation Between The Intensity of Market Competition, Intellectual Capital, Management Accounting Practices in Coventional and Digital SME

This study investigates the difference of the impact of external and internal environment on the use of management accounting practices between conventional and digital SMEs. The use of management accounting practices assists the SMEs to make good decision. The aim of the study to test the relationship between intensity of market competition (external environment) and intellectual capital (internal environment) on the use of management accounting practices, so that the SMEs leverage their performance. The population of this research is conventional and digital SMEs in East Java. This study uses the convenience method as a sampling technique. The data collection results are 179 SMEs consisting of 127 conventional and 52 digital SMEs. The test results with SMART-PLS show that (1) the intensity of market competition has a positive effect on intellectual capital both conventional and digital SMEs, (2) intellectual capital has a positive effect on traditional MAP and on contemporary MAP both conventional and digital SMEs, (4) traditional MAP has a positive effect on business performance in conventional SMEs, and (5) contemporary MAP has no effect on business performance in digital SMEs.

How Companies Create Value Through Management Accounting Practices in the Era of the Covid Pandemic

Purpose: This study aims to explore Management Accounting Practices (MAPs) in Indonesia and the impact that Covid-19 had on them. It also aims to establish the factors that affected MPAs during the pandemic, and the effect that these practices had on business performance. Design/methodology: Descriptive and verification methods were used. The former was employed to detail MAPs in manufacturing companies in Indonesia and the impact that the Covid-19 pandemic had on these practices. The verification method (using multiple linear regression) was employed to examine the factors that influence their MAPs and the effect of these practices on business performance. This study used primary data obtained from controllers who work for different Indonesian manufacturing companies. The total sample was composed of 41 questionnaire responses. Findings: This paper shows that most manufacturing companies in Indonesia have adopted MAPs for cost systems, decision-making, business strategies, and advanced manufacturing technology. In general, these MAPs are at Stage 4 as defined by the IFAC. This means that, in Indonesia, MAPs are implemented to create value and maintain companies’ sustainability in the era of Industry 4.0. Conclusions: The pandemic increased the implementation of MAPs, which had a significant effect on the intensity of market competition and firm performance. The results of this study support Statement 1 on Management Accounting by the IFAC, according to which accounting practices in Stage 4 are focused on the effective use of organizational resources to create value. Originality: This study focuses on manufacturing companies in Indonesia and the period of the Covid-19 pandemic, which brought about special conditions that impacted business operations. These results are in line with changes in the current business environment, and companies can consider them to create value and continuously improve their performance.

Cooperation choice in an online low-carbon supply chain

This paper considers the cooperation strategies in an Online Selling Low-Carbon Supply Chain (OSLCSC). The manufacturer in OSLCSC establishes an online retailing channel based on a co-operative agency sales format. Three possible online collaboration strategies are considered. We analyze the final cooperative equilibrium and find that cooperation between the platform and manufacturer can promote the dual development of environmental benefit and over-all supply chain profit. But from an individual benefit perspective, the platform and manufacturer do not always have motivation to cooperate with each other, and it related to the revenue-sharing rate and market competition intensity. Furthermore, we reveal that non-cooperation strategy does not always lead to the worst outcome, and in some cases, cooperation between the retailer and platform will result in the lowest entire supply chain performance. Lastly, the results show that each cooperative strategy may be the ultimate equilibrium, and the three players in OSLCSC could achieve a Pareto optimal under the different cooperation strategies.

Channel Expansion Strategies in the Presence of Asymmetric Competitive Retail Platforms

The success of online retail platforms with hybrid reselling and agency selling has been well documented. Recently, manufacturers are expanding channels in competitive retail platforms (such as JingDong and Tmall) on the basis of reselling. Considering two asymmetric competitive retail platforms, we investigate the incentive for channel expansion under various strategies: agency selling in the incumbent platform, agency selling, or reselling in the asymmetric competing platform. Our analysis shows that the manufacturer's channel expansion strategies depend on the market potential ratio, competition intensity, and agency channel costs. Manufacturers prefer channel expansion when agency channel costs are small or the market potential ratio is above a threshold. Interestingly, even the competing platform has a smaller market potential, manufacturers may still prefer to expand the agency selling channel in the competing platform rather than the incumbent platform. When the market potential ratio is large, under low agency channel costs, the impact of competition on channel expansion strategies is nonmonotonic, and moderate competition motivates manufacturers to expand the channel by reselling rather than agency selling in the competing platform. Furthermore, we find moderate slotting fee or commission rate could make manufacturers and the incumbent platform better off when the market potential ratio is small.

AMBIGUOUS EFFECT OF ENVIRONMENTAL TURBULENCE ON INNOVATION AND PERFORMANCE: ANALYZING TECHNOLOGY SECTORS

Environmental Turbulence (ET) refers to the uncertainty caused by unforeseen changes in a firm's external environment. Process Quality Management (PQM) is a sub-dimension of Total Quality Management (TQM). However, the literature has not examined the effects of ET on TQM and PQM applications. For firms that want to survive in a dynamic market structure, it is crucial to understand how sub-factors of ET (Market Turbulence (MT), Technological Turbulence (TT), and Competition Intensity (CI)) affect existing relations. We examined whether ET has a moderating or mediating effect on innovation, performance, and PQM. As a result of the study, we discovered that PQM has essential effects on reducing market turbulence and competition intensity.

Spin-outs’ knowledge legacies and parent hostility: a competitive dynamics view

This study adopts a competitive dynamics perspective to illuminate how and when different types of knowledge transferred by a spin-out trigger parent hostility. Specifically, I propose based on the awareness-motivation-capability framework that (1) transfers of market-related and technology-related knowledge will yield hostility and that (2) market commonality, resource similarity, and competitive intensity will exacerbate this effect. Findings from 207 spin-outs support several of my hypotheses. The study contributes to the extant literature by providing a more nuanced view on knowledge legacies, in particular regarding their interplay with a spin-out’s competitive positioning.

The Influence of Demand Fluctuation and Competition Intensity on Advantages of Supply Chain Dominance

We studied a supply chain consisting of multiple suppliers and multiple retailers. We use the Cournot–Stackelberg game, the Market–Stackelberg game, and the Market–Nash game to simulate the situation where the upstream seller’s market dominance power gradually decreases while the downstream buyer’s market power increases. The equilibrium decision and supply chain performance under the three models are compared and analyzed, as well as their responses to external market changes such as demand fluctuation and market competition intensity. The research shows that (1) in a seller-dominated supply chain, the increase in buyer power reduces market equilibrium production and wholesale price; (2) in the face of strong demand fluctuations, equivalent power between upstream and downstream can contribute to the stabilization of production and wholesale prices; (3) when market demand fluctuation is small, market power brings a higher profit level, and supply chain participants would like to actively compete for market power. However, when the demand fluctuates greatly, the profit advantage brought by market dominance is no longer significant, and there is no need to spend much to fight for market dominance; (4) the fierce competition of upstream suppliers will induce upstream to give up the competition for market dominance, and make the market power less attractive to downstream retailers. While the fierce horizontal competition downstream will stimulate both suppliers and retailers to actively compete for market power, (5) sufficient market competition will improve total supply chain profit, so encouraging competition is conducive to the overall economic development of society.