Large State-owned Companies Research Articles

Influence of Health Promoting Leadership and Leader Humor on Employee Innovation Performance: The Role Positive Emotions

Understanding how leadership styles conducive to employee innovation performance is one of the main focuses in organizational behavior literature. In this paper, we use broaden-and-build theory to examine how health promotes leadership and leader humor affect employee innovation performance, focusing on positive emotion mediation. By using a survey data consisting of 410 full-time employees from several large state-owned companies in China, the results indicate that both health promoting leadership and leader humor significantly relate to positive emotions among employees, which in turn, enhances their innovation performance. This article makes contributions to the literature by emphasizing the role of leadership styles in creating an environment that encourages creativity and innovation by the mechanism of positive emotions.

BRANCHES OF BLOCKCHAIN TECHNOLOGY APPLICATION AND PROBLEMS OF ITS LEGAL REGULATION

The article aims to define the concept of blockchain technology as an innovative technology, which is currently actively used in many countries of the world, and the possibilities of its application in various sectors of the economy. The author aims to make sure that it can become an effective tool in the development of the country's economy and a means of improving public administration. Foreign countries that have realized the importance and advantages of blockchain have successfully applied it in the field of public administration in recent years, implementing an economy based on new innovative technologies. In Kazakhstan, blockchain technology will be used in the financial sector by banks and in projects of large state-owned companies. However, blockchain technology has not been widely used in our country. This is due to the fact that there is no knowledge about blockchain technology, information is not disseminated enough, legal relations on the use of blockchain technology are not regulated in the laws, the areas of its application are not fixed, there is no concept defining the legal basis for its functioning, and special rules have not been adopted. Therefore, the authors conclude that for the successful application of blockchain technology in the sectors of the country's economy, in the provision of public services, it is necessary to form a legal framework in a timely manner. The development of industries in which blockchain technology is used necessitates amendments to the current legislation, as well as clarification of legal norms in order to adapt to the prevailing changes.

The NRRP and the Italian energy transition. Interest groups in implementation, between structural power, insiderness and new coalitions

ABSTRACT Italian energy policy has traditionally been significantly influenced by large state-owned companies, commonly referred to as national champions, as well as by fossil fuel interests. The impact of the energy transition on this situation has been limited, as the adoption of renewables in Italy has not been accompanied by the emergence of a robust green coalition. The National Recovery and Resilience Plan provided an opportunity to address this situation. Through process tracing and interviews with key policy actors, this article examines the implementation of energy transition measures outlined in the plan during the recent administrations of Draghi and Meloni. The analysis underscores the changing role of relevant interest groups and business actors in this sector. It reveals that the structural power of national champions and the influential position of core insiders have not diminished, particularly following adjustments to the recovery plan prompted by the Russia-Ukraine war. Nonetheless, the article notes that green outsiders have, through coalition dynamics, increased their involvement in policy implementation. Additionally, it emphasizes that the unfolding energy transition is driving a reconfiguration of interests that transcends the traditional divide between fossil fuels and renewable energy.

Perkembangan Tanaman Kopi Di Indonesia

This study aims to explore descriptively the development of coffee plants in Indonesia. This research uses literature study and secondary data. Data mainly obtained from Coffee Statistics published by Indonesian Statistic Center. The results showed that the People's Plantation is the largest coffee plantation, with the highest production and highest productivity. Meanwhile, large state-owned companies and large private companies tend to experience a decrease in both the area of coffee plantations, their production, and productivity. In Indonesia, the provinces with the largest areas and high production followed by productivity are the provinces of South Sumatra, Lampung, Aceh, North Sumatra, and Bengkulu.

BIM Implementation for Storing, Sharing and Capturing Knowledge in Indonesian Project Construction

BIM as a digital representation of assets has been used to facilitate design, construction, and operation process to form a reliable basis for decisions. While knowledge is part of the company's assets, knowledge will be maintained in the system so that it may be recalled if needed if BIM is used to document, store, and distribute knowledge more easily. This study will determine how BIM adoption supports knowledge storage, knowledge share, and knowledge capture in Indonesian construction projects. Data was obtained by interview and analysed using qualitative method. The results showed that large state-owned construction companies in Indonesia had implemented BIM-based knowledge management to assist organisational knowledge management process, especially in knowledge capture, storage and share on several projects, and reduce knowledge loss due to time lapse. Finding also shows that knowledge created in a project is centralised in one model, and lessons or knowledge can be grouped with BIM user preferences.

Conventional Natural Gas Project Investment and Decision Making under Multiple Uncertainties

Similar to many energy projects, the evaluation of investments in natural gas projects is influenced by technical and economic uncertainties. These uncertainties include natural resource characteristics, production, decline laws, prices, taxes, benchmark yield, and so on. In China, conventional natural gas is still the dominant energy source. The investors are mainly large state-owned energy companies. Therefore, it is necessary to include the technical and economic uncertainties, as well as the investment decision and optimization problems of the enterprises in a unified analytical framework. To this end, this paper innovatively constructs such a framework. Using numerical simulations of approaches, the process of investment decision optimization by companies based on technology assessment and price forecasting is visualized in detail. The results suggest that the investment decision of the enterprise needs to consider technical and economic uncertainties in an integrated manner. It also needs to combine the business strategy and social responsibility of the enterprise in order to construct the objective function. With the availability of data, the framework and its algorithms can be used for practical evaluation of investment plans and decision supports for conventional natural gas projects. The framework can also integrate the analytical perspective of the macroeconomic and political environment to bring in a more comprehensive range of uncertainties.

Safety Climate in the Indonesian Construction Industry: Strengths, Weaknesses, and Influential Demographic Characteristics

The Indonesian construction industry is a significant contributor to economic growth in Indonesia. However, poor safety performance limits its contributions due to the negative impacts of poor safety on project performance. This research aims to assess the level of the safety climate in the Indonesian construction industry, identify its strengths and weaknesses, and understand the influence of individual demographic characteristics on the safety climate. Data were collected using a questionnaire survey from 1757 respondents working in six large state-owned construction companies in Indonesia. Results indicate that the overall safety climate level is fairly good. However, the safety climate scores of individual safety climate items are observed to vary widely. The scores reveal that construction employees understand the importance of safety and management demonstrates a degree of safety commitment, particularly by having regular safety communications. In contrast, the implementation of safety is limited in reality because safety is not considered a priority at work. Lack of safety resources and limited enforcement of safety rules further hinder the implementation of safety at the project level. Large state-owned construction companies such as those where data were collected should take the lead in changing the work practices in the Indonesian construction industry to improve safety performance. Level of education, length of work experience, position, permanency of job status, work location (project or office-based), and type of project are individual demographic characteristics that influence the level of the safety climate. Understanding the influence of these characteristics on the safety climate allows specific intervention strategies to be used to improve safety.

Стратегии интернационализации бизнеса китайских государственных нефтегазовых компаний

The article is devoted to the analysis of the specifics of the business international expansion of large Chinese state-owned companies in the oil and gas sector: China National Oil and Gas Corporation (CNPC), China Petrochemical Corporation (SINOPEC), China National Offshore Oil Corporation (CNOOC). The article examines the strategic guidelines of the companies, the factors influencing the strategies, formats and forms of expansion, regional specifics of business internationalization, trends in the development of activities in foreign markets. The problems of specialization and business diversification of the studied companies are considered. Special attention is paid to the role of the state in the processes of international expansion of Chinese oil and gas companies.

Business as a source of the recruitment of high-ranking officials of Russian federal economic ministries

The article analyzes the role of business as a source of the recruitment of high-ranking officials of the economic ministries of the Russian government. The empirical basis of the study is a biographical database of 225 deputy ministers and directors of departments in eight ministries. The study demonstrated that although administrative professionalization is the most pronounced characteristic of officials’ careers, economic ministries are quite dependent on business as a channel for recruitment of their top executives, which, in this sense, has the features of a “new public management” bureaucracy. Business serves as the main supplier of senior staff for economic ministries outside the administrative realm, while large state-owned companies belonging to sectors supervised by ministries play a particularly significant role. Business experience is found more often at the highest level of the administrative hierarchy, particularly among deputy ministers. Interdepartmental differences are also significant: there are ministries with a pronounced presence of people from business, for example, the Ministry of Agriculture. In some ministries, the presence of intersections between ministers and their subordinates in the course of a business career preceding the current position is noticeable, which may indicate the importance of patrimonial recruitment based on personal loyalty or patron-client relations. The plutocratic recruitment of executives, especially noticeable in a number of ministries, probably puts overrepresented companies and industries in a privileged position in the policy-making and implementation process, thereby forming a kind of administrative bias in their favor.

Industrial Policy in the Electric Power Sector as Part of China’s Global Leadership Strategy

Chinas growing economic power led to the rise of its geopolitical ambitions in the 21st century, and Chinas industrial policy has long been an important tool for implementing its global leadership strategy. Yet, how effective is the visible hand of the state? This paper examines the positive and negative effects of industrial policy implementation in Chinas electricity sector based on the analysis of policy documents, statistics, and academic publications. This study finds that together with energy policy measures industrial policy has been quite successful in promoting RD activities and production of high-tech power equipment. It gave China an opportunity to increase the share of clean energy sources in the power generation mix. Besides, Chinese power companies gradually became global leaders in the electricity sector. At the same time, the implementation of industrial policies has led to the over-expenditure of resources and is characterized by problems of horizontal and vertical coordination between the three main players in the policy-making and implementation system: the central government, local authorities, and large state-owned companies. The development of the electric power sector and related industries is managed by a large group of ministries and departments of the central government. Moreover, the heads of several energy companies have the power and influence equivalent to that of a minister, and there were divergences of priorities of central and local authorities at the regional level.

Proactive Personality and Employee Creativity: A Moderated Mediation Model of Multisource Information Exchange and LMX.

Integrating the social perspective of creativity and the goal-regulatory process perspective of proactivity, this study investigates how proactive personality influences two forms of employee creativity-incremental creativity and radical creativity through multisource information exchange. Using a moderated mediation framework, this study suggests that leader-member exchange (LMX) moderates the positive association between proactive personality and those two forms of employee creativity. The results of this study, drawn from the sample of 500 employees and their immediate supervisors in a large state-owned company of China, support most of the hypotheses. Theoretical and practical implications of the findings, as well as the limitations of this study and the directions for future research, are discussed.

The analysis of palm oil plantation impact on the social geographic conditions in Kapuas sub-district, Sanggau district

The establishment of palm oil plantation in Sanggau is started in 1979. The establishment utilizes the land of Dayak indigenous people in the form of customary rights and managed lands that have been cultivated for generations. Based on the data of 2005, the area of palm oil plantation in Sanggau District is up to 131,148.64 hectares, consisting of large state-owned companies covering 20,512.60 hectares, national private companies 30,453.40 hectares, and foreign private companies 21,999.30 hectares. While the area of palm oil plantation of farmers is 77, 383.30 hectares. The entry of investors in the plantation business area will become a stimulus for the establishment of palm oil factories and job opportunities for local communities and immigrants. The research aims at determining the impact of palm oil plantation on the social geographic conditions in Kapuas, Sanggau. This is qualitative descriptive research. Purposive sampling is employed as the sampling technique. In collecting data, the researchers utilize interviews and questionnaires. Descriptive analysis is employed as a data analysis technique. The results of this study indicate that there is a significant change in the social geographic condition of the local and immigrant communities who stay at Kapuas, Sanggau.

Compensation gap, retrenchment strategy and organizational turnaround: a configurational perspective

PurposeThis paper extends the current understanding of the retrenchment-–turnaround relationship in declined companies by introducing a compensation gap view. It argues that the effectiveness of the retrenchment strategy is contingent on reducing the executive-employee compensation gap in the turnaround process.Design/methodology/approachDrawing from a two-stage turnaround model and insights from the literature on executive-employee compensation gap, we develop and test a theoretical model that explains how five attributes, which refer to executive-employee compensation gap, asset retrenchment, cost retrenchment, ownership and size, affect the outcome of the organizational turnaround. This paper uses the fuzzy-set qualitative comparative analysis (fsQCA) method and based on the samples of 112 listed companies that experience the decline between 2005 and 2013.FindingsThis paper concludes two valid causal paths and finds that small companies with small executive-employee compensation gap have a higher likelihood of successful turnaround when they implement cost or asset retrenchment actions. As for large state-owned companies, they should reduce the costs and maintain a small executive-employee compensation gap. An excessive compensation gap can be problematic, which could impair the organizational ability to cope with adversity and decline.Research limitations/implicationsFirst, this paper taps the vital role of employees in the turnaround process besides the mainstream “organizational decline-layoffs” logic, which hints a new human resource management strategy when organizations are facing decline. Second, this paper reveals the theoretical linkage between pay dispersion, internal stakeholder and organizational resilience. Third, as a methodological contribution, we introduce fsQCA, overcoming the shortcomings of turnaround strategy research with case and regression analysis and breaking through the paradigm of “specific factor-turnaround.”Practical implicationsOrganizational turnaround is a systematic process that constitutes multiple factors together. When organizations take the asset retrenchment to stop bleeding, reducing the executive-employee compensation gap will help enhance employee's cognition of organizational values and strategic goals, eliminate feelings of exploitation in retrenchment implementation and thus effectively promote turnaround. This paper also provides a basis for executive compensation restrictions and re-examines pay dispersion and economic inequality.Originality/valueThis study sheds some light on the importance of the executive-employee compensation gap in retrenchment strategy and contributes to both organizational turnaround and pay dispersion theories. Also, it reveals the theoretical linkage between internal stakeholders, organizational resilience and long-term orientation.

Prospects for Collaborative Industrial Doctoral Education in Russia

The article proposes recommendations on the development of collaborative industrial doctoral education in Russian conditions considering international experience and provides a justification for the Russian high-tech companies’ demand for the competences of graduates of the collaborative doctoral programs. The regression analysis of patent and innovation activity indicators of Russian high-tech companies on the share of employed with academic degrees showed that successful graduates of Russian doctoral schools with specialization in technical sciences have an option to apply their research competences in the real sector of the economy. This determines the need to develop and put into practice specialized doctoral programs aimed at training scientific and engineering personnel for high-tech companies in the form of collaboration with industrial partners. Such programs can be implemented using the industrial PhD model, which is based on a research project in the interests of the employer with dual scientific supervision and funding of the study at the expense of the employer. Collaborative industrial doctoral programs require a longer training duration than traditional academic doctoral programs, as well as a reduced classroom load, especially concerning pedagogical and general disciplines. Grants, tax credits and preferential treatment for procurement by large state-owned companies can be used to encourage Russian high-tech companies with high research and development costs to become industrial partners of doctoral schools.

Research the Mutual Influence of Indicators in Innovation Planning at Enterprises

The author analyzes the innovation development programs of 11 Russian companies with state participation and state corporations and compares the achieved results with innovation development plans. The results of the analysis show that the existing relationships between the performance indicators of the companies’ innovation activity for 2014–2016 are not considered or reflected in the programs of innovation development until 2020. This study indicates the causes of the current situation and proposes directions for improving the efficiency of innovation development planning.Aim. The study aims to examine the mutual influence of indicators in innovation planning at enterprises.Tasks. The author analyzes the existing innovation development programs of large state-owned companies and the correlation between the performance indicators of innovation activity, assesses the actual results of the implementation of innovation development programs for 2014–2016 and the validity of the planned indicators of innovation development until 2020.Methods. This study uses the methods of systems and correlation-regression analysis.Results. The analysis shows that the actual relationships between the performance indicators of the companies’ innovation activity for 2014–2016 are not considered or reflected in the programs of innovation development until 2020. This study indicates the causes of the current situation and proposes directions for improving the efficiency of innovation development planning. A matrix for determining problem situations in innovation development planning is developed.Conclusions. The actual relationships between the indicators that characterize many aspects of innovation development at various stages of the innovation life cycle are not fully considered in the planning of innovation development. The conducted study confirms a formal approach to estimating the target values of the examined indicators, which disregards the actual relationships between them. The outcome of this can be seen in the programs of innovation development until 2020 developed by corporations. It is possible to make allowance for the actual relationships in the planning of the target values of innovation development indicators by using the methods and tools of dynamic modeling.

Research on the Ownership Structure Optimization and Corporate Governance Improvement of China’s Large State-Owned Shipping Company after Integration

In the international shipping business industry, the degree of industry concentration is more and more intensive. Pushing native shipping industrial integration is an important route to possess the advantages of the scale economy, and foster the leading enterprises. The study on the ownership structure and corporate governance of Japan shipping companies enlightens China’s large state-owned shipping company after integration.

The Relaunch of Privatizations in Italy Amid Public Debt Reduction and GDP Growth

Between 2012 and 2016, while the financial crisis was unfolding its effects in Italy and globally, several divestments of Italian State-owned companies were carried out, leading observers to believe that a new season of privatizations — similar to the one carried out in the 1990s — had finally been launched. However, after the initial considerable divestments announcing the completion of privatization of large public companies, the momentum faded away due to the strong Italian political instability combined with an international trend oriented to nationalism. The sizeable privatizations launched in 2014-2016, which led to important results in terms of revenue and attraction of investments (including international ones), produced lights and shadows, mainly due to the lack of a long-term roadmap. In this context, the only constant feature of any privatization strategy in Italy appears to be the feeble and fluctuating trend that — today just like yesterday — prevents the country from fully exploiting the potential implicit in the divestment of large State-owned companies.

Study of the impacts of upstream natural gas market reform in China on infrastructure deployment and social welfare using an SVM-based rolling horizon stochastic game analysis

Natural gas is expected to play a much more important role in China in future decades, and market reform is crucial for its rapid market penetration. At present, the main gas fields, pipelines and liquefied natural gas (LNG) infrastructure are mainly monopolized by large state-owned companies, and one of the important market reform policies is to open up LNG import rights to smaller private companies and traders. Therefore, in the present study, a game theoretical model is proposed to analyze and compare the impacts of different market structures on infrastructure deployment and social welfare. Moreover, a support vector machine-based rolling horizon stochastic method is adopted in the model to simulate real LNG price fluctuations. Four market reform scenarios are proposed considering different policies such as business separation, third-party access (TPA) and their combinations. The results indicate that, with third-party access (TPA) entrance into the LNG market, the construction of LNG infrastructure will be promoted and more gas will be provided at lower prices, and thus the total social welfare will be improved greatly.

Are Empowered Employees More Proactive? The Contingency of How They Evaluate Their Leader.

Finding ways to enhance employee proactive behavior is a focal concern for academics and practitioners. Previous studies have found a positive association between empowering leadership and proactive behavior (Martin et al., 2013; Li et al., 2017). However, these studies lack elaboration on mechanisms and do not rule out the effect of employees’ proactive personality during empirical testing. We investigate empowering leadership from individual perspective due to the variation of empowerment levels even in the same team. Our research proposes a more elaborated theoretical model that explains why, and when, empowering leadership might promote employee proactive behavior. Specifically, we examine mediating mechanisms based on social cognitive theory and propose trust in leader competency as boundary condition. Using a sample of 280 leader–follower dyads from a large state-owned Chinese company, our results revealed that (1) empowering leadership was positively related to proactive behavior, with role breadth self-efficacy acting as a mediator for this relationship; (2) employees’ trust in leader competency moderated both the empowering leadership–subordinate proactive behavior relationship and the mediating effect of role breadth self-efficacy, such that the empowering leadership–subordinate proactive behavior relationship was weaker, and the mediating effect of role breadth self-efficacy was stronger, for employees with high levels of trust in leader competency.

Active management in state-owned energy companies: Integrating a real options approach into multicriteria analysis to make companies sustainable

As a fundamental approach to assess active management and decision-making challenges in large state-owned energy companies (e.g., sustainability, social responsibility, economic growth, and shareholder value), this paper presents a methodological approach, based on a real case study, for integrating real options analysis into multicriteria analysis in order to evaluate and holistically rank a portfolio of multiple firms’ projects. While real options analysis adds value to the projects by hedging uncertainty and valuing flexibility in the decision-making process, multicriteria analysis allows ranking the projects through an Aggregate Quality function that synthesizes economic and social impacts such as gross domestic product and employment. The proposed approach divides the decision-making problem into three main areas that consider aspects related to decision makers’ preferences (behavioral area), data analysis (analytical area), and projects’ rankings (multicriteria analysis methods) based on the use of Preference Ranking Organization Methods for Enrichment Evaluations (PROMETHEE). A case example involving a portfolio of projects in state-owned energy companies discusses the benefits of the proposed methodology.