Large State-owned Enterprises Research Articles

Research on Financial Resources and Private Enterprises in the Eastern Region

The realisation of high-quality development is largely dependent on private enterprises, which are a driving force behind China's comprehensive revitalisation in the new era. Meanwhile, efficient financial resource allocation can enhance capital use efficiency and encourage the reorganization of the industrial structure. The financial sector allocates financial resources in a fair and efficient manner to promote economic growth and enhance the environment for that growth. A "Matthew effect" shows up in the relationship between financial resources and private enterprises in China's eastern coastal region, where large state-owned enterprises and small and medium-sized private enterprises are impacted by the emergence of talent, capital, technology, and other unbalanced phenomena. The article demonstrates this relationship between financial resources and private enterprises, based on almost a decade of empirical research in the city panel data. Banks, securities, insurance, and other industries are deployed reasonably to facilitate the development of the social economy during the period when more financial resources flow to private enterprises, as well as to ensure the stability and advancement of society. This is done in order to further enhance the efficiency of financial resource allocation in the eastern coastal region and promote the efficient development of private enterprises.

ИСПОЛЬЗОВАНИЕ ПОТЕНЦИАЛА ФЕДЕРАЛЬНЫХ И РЕГИОНАЛЬНЫХ ПРОЕКТОВ ДЛЯ РАЗВИТИЯ ПЕРЕРАБОТКИ ПЛАСТИКА В РОССИИ

Problems of plastic waste management are relevant for various regions around the world, including Russia. Statistics show a steady increase in the use of plastic, which needs to be properly disposed of once it is no longer used. This article is aimed at drawing attention to this problem and finding ways to build a plastic waste management system in Russian regions in modern conditions. The authors analyzed modern publications by Russian and foreign authors on the issues under study. Of scientific and practical interest are the authors’ proposals for using the potential of federal and regional projects to form an industrial symbiosis of large state-owned enterprises with small and medium-sized businesses in the field of recycling recycled plastic.

A Comparative Study on Debt Risks of Chinese Civil Aviation Companies Under the Covid-19 Epidemic

As a highly indebted industry, the civil aviation transportation industry's debt risk management is crucial to its everyday operations. After the emergence of COVID-19 in early 2020, a number of airlines have been adversely affected by variables such as a reduction in the number of passengers, and their operating revenue has been severely impacted, with some even facing the possibility of insolvency. How to control the size and risk of debt is particularly crucial when income is low. On the basis of empirical analysis, this paper collects and sorts the financial data of three large state-owned civil aviation enterprises (China Southern Airlines, Air China, and China Eastern Airlines), selects several debt risk measurement indicators to analyse the impact of the epidemic on the debt risk of civil aviation enterprises, and offers corresponding recommendations for the management of airline debt risk.

Risk assessment of coal mine gas explosion based on cloud integrated similarity and fuzzy DEMATEL

The risk of coal mine gas explosion seriously threatens the continuous safe production of coal mines, which in turn affects the national energy security, so it is important to prevent and control the coal mine gas risk. Current risk assessment methods are difficult to fully express the uncertainty in the assessment process, and calculating index weights is easy to deviate from reality. This study introduces Decision-making Trial and Evaluation Laboratory (DEMATEL) as well as the cloud model, and proposes a new coal mine gas explosion risk assessment model based on cloud integrated similarity and fuzzy DEMATEL. The model fully expresses the uncertainty in the whole risk assessment process and makes the index weights assignment more reasonable. It also combines the calculation of cloud integrated similarity to more accurately determine the risk level based on the advantage that the cloud model can visually display the risk status of the assessment object. An example study was conducted on a mine of a large state-owned coal mine enterprise in Shaanxi Province, China. The results show that the method helps coal mine enterprises to accurately assess gas explosion risks, identify weak links in risk prevention and control, and provide a powerful means for continuous improvement of risk management level.

RETRACTED ARTICLE: Are the Financial Risks of Financial-Like Model Enterprises in the Context of Digital Financial Development Over the Limit? A Case Based on Large State-Owned Enterprises

RETRACTED ARTICLE: Are the Financial Risks of Financial-Like Model Enterprises in the Context of Digital Financial Development Over the Limit? A Case Based on Large State-Owned Enterprises

Translating Organizational Change into Entrepreneurial Identity—A Study of Energy Transition in a Large State-Owned Enterprise

This paper presents a proximal study of energy transition in a large state-owned enterprise. Organizational change is the prerequisite for energy transition in a company that has historically understood its own identity in the remunerative oil gas industry. The methodology of the research is a qualitative on-field study of the implementation of the transition strategy inside the company. For this purpose, the research uses primarily first-hand reports collected within the organization in the years 2018–2020. The paper explores the dynamic process of change to reveal the tensions, conflicting identities, and strategies of implementation needed to start the energy transition, shedding light on the formation of a new corporate identity that traces back to the entrepreneurial inception of the company. The role of communication between the different levels of the company was crucial. The management found in the corporate history a moderator of organizational change that led to a renewed entrepreneurial identity. This paper brings evidence that a re-interpretation of the corporate identity is a condition that eases the process of organizational change. The results of the study will provide the theory with a practical case in order to better understand the transitions of state-owned enterprises in their effort to promote organizational change and drive sustainable innovations.

Is stress always bad? the role of job stress in producing innovative ideas

ABSTRACT Drawing from activation theory and conservation of resources (COR) theory, we propose that there is a curvilinear (inverted U-shaped) relationship between job stress and creativity, and that this curvilinear effect will be moderated by thriving, which is a key to acquiring work or non-work knowledge to mitigate pressure. We conducted two studies: a lab experiment with 90 students from a university in eastern China and a questionnaire survey of 218 supervisor – subordinate dyads from a large state-owned enterprise in northern China. The results show that participants achieve higher performance on creative tasks when they have a moderate rather than low or high level of job stress. In addition, when thriving is high, employees can maintain a high level of creativity through knowledge acquisition and learning, regardless of how stressed they feel at work. Implications and directions for future research are discussed.

The Policy Impact of Carbon Emission Trading on Building Enterprises’ Total Factor Productivity in China

Nearly 40 percent of worldwide energy and process-related CO2 emissions are produced by the construction sector. China’s construction industry is the largest in the world, with Chinese construction enterprises completing a total output value of RMB 26.39 trillion in 2020; these buildings contribute to about 20 percent of China’s overall carbon emissions and 20 percent of the global total emissions. There is an urgent need to prove whether construction enterprises are benefiting from the carbon trading policy. Compared to the traditional method, a double difference model can be used to highlight the consequences of different states of construction enterprises’ responses to carbon trading regimes. In this study, we examine the following results based on cross-sectional data collected from 2006 to 2021, from listed construction enterprises: (1) Existing carbon emission policies have had a significant impact on the improvement of construction enterprises’ total factor productivity. This improvement is more pronounced in large state-owned enterprises in particular. (2) Construction enterprises’ greater involvement in carbon trading income is most strongly influenced by their green innovation level. (3) Construction enterprises located in eastern and central China benefit significantly from carbon trading, but construction enterprises based in the west do not. The research result indicates that future incentive initiatives should pay more attention to western regions and privately owned building enterprises. The leading role of large state-owned building enterprises should be reinforced.

Research on The Internal Control Framework of Large State-owned Enterprises Under Information-based Environment

In the information society and digital era, the information construction of the enterprise internal control framework is particularly important for enterprises to enhance their endogenous power and improve their management efficiency. In order to achieve increasingly powerful control functions and build an efficient overall enterprise internal control framework, we must rely on scientific and precise control means and efficient operation mechanisms. Under such circumstances, large state-owned enterprises should absorb and apply more advanced management concepts and actively innovate and optimize their management mode in order to improve their management level and enhance their comprehensive competitiveness and thus achieve long-term development in the fierce market competition. An important way for large state-owned enterprises to strengthen their management is to build an internal control system. The internal control system can regulate the operation of power, strengthen risk prevention and supervision of internal personnel and be a stimulus to large enterprises to reduce operating costs and increase economic efficiency.

ESG Investment Scale Allocation of China's Power Grid Company Using System Dynamics Simulation Modeling.

In recent years, with the global recognition of the concept of sustainable development, the international market attaches great importance to the Environment, Society, and Governance (ESG) investment performance of enterprises. The "carbon peaking and carbon neutrality" goal puts forward requirements for Chinese enterprises to carry out ESG investment. As a large state-owned enterprise in China, power grid companies need to take the lead in ESG investment. Based on the System Dynamics (SD) theory, this paper establishes the simulation model of ESG-responsible investment of power grid companies, including the environmental investment sub-module, social investment sub-module, and governance investment sub-module. Taking a provincial Power Grid Company as an example, the numerical simulation of ESG investment of power grid companies is carried out. The actual input-output efficiency of ESG investment of power grid companies is reflected through the mapping relationship between key indicators and investment amount, and the ESG investment scale and investment weight of the Power Company in the coming years are predicted. Compared with the traditional static analysis method, this model can provide a theoretical basis for power grid companies to carry out ESG investment decisions.

Цифровая трансформация государственного сектора как необходимое условие перехода на инновационный тип развития экономики

The subjects of the research are the introduction of information systems and the creation of digital platforms as a tool for the digital transformation of the public sector of the Russian Federation in connection with the transfer of the activities of public authorities and business structures to the digital space to optimize and improve the efficiency of their activities. The purpose of the work is to establish effective mechanisms for digitalization of state and municipal administration, as well as state organizations through the use of developing and developing digital platforms. The relevance of this study is due to the tendency of all economically developed countries to digitalize public administration, which has significantly increased after the coronavirus pandemic due to the need to organize stable internal and external interaction of government agencies and business entities in electronic format. The paper analyzes the main legislative acts in the field of digitalization and the activities of state bodies, as well as organizations with state participation; reveals the essence of digital transformation and justifies the feasibility of reorganizing the accompanying business processes on the example of large state-owned enterprises; considers the main information technologies, systems and digital platforms; suggests the most effective approaches to decision-making in the field of digitalization state and municipal management in the conditions of transition to an innovative type of economic development. The conclusion is made about the need for digital transformation in the field of state and municipal services in electronic form as an integral part of the economy focused on an innovative type of development.

Association of Polycyclic Aromatic Hydrocarbons exposure with sleep quality among coking plant workers

Objective: To explore the relationship between polycyclic aromatic hydrocarbons (PAHs) exposure and sleep quality in workers from a coking plant. Methods: From April to June 2019. Selected 632 employed workers in the coking plant of a large state-owned enterprise in Shanxi Province as the exposed group, and 477 employed workers in the water-pump plant belonged to the same enterprise as the control group. We used self-designed questionnaires to collect the basic information of subjects. We measured the concentrations of 12 PAHs in the peripheral blood of workers using gas chromatography-mass spectrometry (GC-MS) ; Pittsburgh Sleep Quality Index (PSQI) was used to evaluate the sleep quality of workers; The relationship between plasma PAHs concentration and sleep quality was analyzed using multiple linear regression model, restricted cubic spline (RCS) regression and logistic regression. Results: The concentration of 12 polycyclic aromatic hydrocarbons in the peripheral blood of the exposure group was (2.36±1.46) ng/ml, which was significantly higher than that of the control group (2.19±1.21) ng/ml. The detection rate of sleep disorder in the exposure group (18.0%) was higher than that in the control group (16.8%) , which was manifested by the significantly increased scores in subjective sleep quality, sleep latency, sleep disorders, daytime dysfunction, and PSQI. Multiple linear regression analysis showed that the PSQI score of workers in the high exposure group decreased by 0.80 (95% CI: -1.40~-0.19) points compared with the low exposure group, with a statistically significant difference (P<0.05) . RCS analysis showed a non-linear dose-response relationship of PSQI score with PAHs cumulative exposure (plasma PAHs concentration multiplied by length of service) . The results of logistic regression showed that compared with the low level group, the risk of somnipathy in the middle level group of PAHs cumulative exposure decreased by 44%, among which the risk of sleep disorder in the drinkers decreased by 40%, while the risk of somnipathy in the high level group increased by 96% compared with the low level group. Stratified analysis of alcohol drinking habit showed non-significant difference in PSQI score with low, medium, and high levels of PAHs cumulative exposure in non-drinkers (P>0.05) , and that the PSQI score was significantly increased in alcohol drinkers with high level of PAHs cumulative exposure compared to those with low and medium levels of PAHs cumulative exposure. Conclusion: The workers in the coking plant had high levels of PAHs in plasma and poor sleep quality, Higher level of PAHs cumulative exposure (>1396.56ng/ml) is a risk factor of poor sleep quality.

The increase of counterproductive work behaviour from organizational and individual level due to workplace conflict: a sequential moderated mediation model

PurposeBased on affective events theory (AET), this study aims to construct a moderated sequential mediation model to explore the pathways of organizational climate on workplace conflict and subsequent counterproductive work behaviour (CWB).Design/methodology/approachThis study collected data from 1,035 respondents in a large state-owned enterprise located in Beijing, China. And this study used Mplus 8.3 to test the model fit, then tested the eight hypotheses using Mplus 8.3 to verify the mediating effects of workplace conflict and psychological well-being and the moderating effect of emotional stability.FindingsResults indicated that: organizational climate is more likely to produce individual-oriented CWB (CWB-I) under the mediating effect of workplace conflict and the chain mediation of workplace conflict and psychological well-being, and emotional stability moderates the relationship between workplace conflict and psychological well-being, workplace conflict and CWB-I, but it has no moderating effect on the relationship between workplace conflict and organizational-oriented CWB (CWB-O).Originality/valueThis study puts forward a relatively complete theoretical framework, expands the application scope of AET and sheds new light on the intervening process that explains how organizational climate influences CWB-I and CWB-O, which enriches the literature in the two fields.

Green innovation of state-owned oil and gas enterprises in BRICS countries: a review of performance

ABSTRACT State-owned enterprises (SOEs) are a major force in energy markets in BRICS countries, including in national energy innovation systems. In this research, we investigate whether some of the largest oil and gas SOEs in BRICS countries – Brazil’s Petrobras, Russia’s Gazprom, India’s ONGC, China’s PetroChina, and South Africa’s PetroSA – are greening their innovation to foster low-carbon solutions in line with shifting government Nationally Determined Contributions (NDCs) on climate change. We compare the innovation priorities of oil and gas SOE firms in these countries, and specifically their efforts in clean energy from 2005 to 2020. Using an original data set, we set forth case studies on five SOEs and highlight differences in their approaches across a number of different features: the level of government ownership; firms’ revenues and financial health; national government policy; and global oil prices. We assess factors influencing performance in clean energy innovation and study each firm’s success in registering patents for specifically targeted energy technologies. Our findings show that all five SOEs demonstrate only modest efforts in greening of their energy innovation outcomes. We observe their heavy reliance on oil revenues to finance innovation and note how ongoing responsibility to avoid oil and gas shortages is stifling green innovation. We recommend policy avenues for governments to realign SOE practices with climate action and specifically NDCs.

Digital Finance and High-Quality Development of State-Owned Enterprises—A Financing Constraints Perspective

The report of the 20th National Congress pointed out that high-quality development is the primary task of building a modern socialist country in an overall sense. Based on the background of high-quality economic development in the new era, this document studies the influence mechanism between digital finance and high-quality development of state-owned enterprises based on total factor productivity (TFP) by taking A-share state-owned listed companies on the Shanghai and Shenzhen stock exchanges from 2015 to 2020 as samples. The findings are as follows: Digital finance promotes the high-quality development of state-owned enterprises by alleviating financing constraints; grouping regression shows that digital finance has a stronger driving effect on the high-quality development of large state-owned enterprises and enterprises with a high technical level. The threshold regression model shows that digital finance has a single threshold effect on the high-quality development of state-owned enterprises. Further research shows that the higher the development level of supply chain finance, the stronger the influence of digital finance on the high-quality development of state-owned enterprises through financing constraints. The higher the shareholding ratio of institutional investors, the stronger the mediating effect of financing constraints. The research results of this paper not only enrich the research on the factors that influence the high-quality development of state-owned enterprises but also provide support for the government to formulate high-quality development policies for enterprises.

Validation of dimensions of the learning organization questionnaire (DLOQ) in a Vietnamese context

Purpose The main purpose of this study was to validate the Dimensions of Learning Organization Questionnaire (DLOQ) in a Vietnamese context. Using the DLOQ as a research tool, this study also investigated the impact of demographic features on participants’ perceptions of learning organizations (LOs). Design/methodology/approach Data were collected from 748 valid responses to a version of the DLOQ translated into Vietnamese. Cronbach’s alpha and confirmatory factor analysis were used to test the reliable internal consistency and validity of the DLOQ in a Vietnamese context. Then, one-way ANOVA analyses and independent sample t-tests were used to assess the differences produced by the characteristics of respondents and their enterprises. Findings The results of this study show that three versions of the DLOQ are applicable to a Vietnamese context. The findings of this study also suggest that several demographic features produced significant differences in respondents’ perceptions of organizational learning. Research limitations/implications There are several limitations of this study. First, this study used self-reporting, and individual perspectives of questions can bring about perception bias. Also, the length of the original version of the DLOQ (i.e. 43 questions) might impact the results, because of participants’ lack of patience and focus. In addition, various levels of organizational learning may cause some confusion, leading to misinterpretation. Finally, the overrepresentation of large state-owned enterprises in the service industry in the sample may have caused bias when interpreting the results. Future research should be conducted to further validate and extend the findings of this study for small- and medium-sized enterprises, which account for 98% of businesses in Vietnam. It is strongly suggested that scholars use the validated Vietnamese DLOQ to measure the impacts of learning culture on learning-related results in Vietnam, such as individual/team/organizational performance, staff satisfaction and so on. Finally, future research should consider making appropriate study designs to collect and analyze data from various resources and not be limited to self-reported questionnaires. This would minimize common method bias. Practical implications Application of the DLOQ provides valuable insights and understanding for use in designing and evaluating efforts to learn at all levels in Vietnamese enterprises. Social implications Regarding designing, adjusting and implementing strategies to boost the learning capacity of an organization, the findings of this study also imply that business leaders and practitioners in Vietnamese enterprises can build strategies for enhancing LO culture without biases stemming from gender or management level. However, education level and work experience should be considered critical features that could impact the effectiveness of such strategies. Also, understanding and applying the DLOQ when building LOs will promote Vietnamese businesses’ competitiveness and international integration. Originality/value Using statistical results, this study confirmed that a rigorously translated Vietnamese version of the DLOQ produced reliable measurement scores with a construct validity sufficient to measure LOs in a Vietnamese context.

A tale of two recoveries: uncovering the imbalance between state-driven production and private consumption in post-pandemic Wuhan, China

Abstract The world’s first epicentre of Covid-19 that contained the virus early and recovered quickly, Wuhan, the capital city of China’s Hubei province, offers a rare case for examining the effective but unbalanced role of the Chinese state in recovering a post-Covid city against a continued zero-Covid policy. Due to institutional inertia in policy-making, Wuhan has experienced a two-track recovery of (i) rapid GDP growth from infrastructure investment fuelled by government stimuli and large state-owned enterprises, and (ii) a weak recovery for small private businesses and grassroots consumption. Combining analyses of city-level data and survey/interview information, this paper examines the unbalanced role of the Chinese state in producing Wuhan’s uneven two-track economic recovery and its implications for recalibrating the roles of the central versus local governments and empowering the latter to rebalance from production to consumption and to improve livelihood.

Endowment Structure, property rights and reforms of large state-owned enterprises (SOEs) in China: Past, present and future

Based on the criteria of the factor endowment structure of state-owned enterprise (SOE) sectors in China between 1980 and 2018, this paper rationalizes the classified reforming of China's state sectors by constructing a Nash bargaining model to capture the dynamics of ownership restructuring, and the reduction process of policy burden on SOEs. We reveal that the interplay between policy burden bared by SOEs and the ownership restructuring process largely depends upon their factor intensities since the reform period in the 1980s. Our model identifies two Ownership Reform Irrelevance Points (ORIP), which serve as the benchmark for the dynamics of the ownership restructuring process of China's large SOEs, which saw them move from ‘mixed-ownership’ to ‘privatization’. ORIPs demonstrate the need for a reduction in social policy burdens with regards to the state sector's comparative advantage of factor endowment structure through SOE ownership restructuring. This study theoretically analyzes existing literatures on the classified reforms of China's state sectors from 1978 to 2018. This study is the first to base such an analysis on the criteria of factor endowment structure focusing on the connection between the policy burdens bared by SOEs and their ownership restructuring process.

Problems and prospects of power system reform in Inner Mongolia Power Grid

Inner Mongolia Power (Group) Co., Ltd is a large state-owned power grid enterprise which is directly under the Inner Mongolia and the second largest power grid enterprise in the country. Inner Mongolia power grid also plays a great role in fulfilling social responsibilities and obligations on the basis of maintaining economic benefits under various development strategies of the state and local governments. With the process of power system reform, the sustainable development of Inner Mongolia power grid is facing excellent opportunities and severe challenges. In addition, there are some problems, such as oversupply of power, difficult delivery situation, unreasonable power grid structure, relatively backward power technology, increasing environmental damage and so on. This paper is mainly focusing on the theme of the research on the sustainable development of Inner Mongolia power grid in the process of power system reform, analyzing the impact of power system reform on Inner Mongolia power grid, defining the goal and direction of low-carbon development of power grid in view of the challenges and existing problems faced in the reform process, and putting forward the research idea of trying to open up a green development path.

Investigation of User Resistance to IT Innovations Using Self-Reported Questionnaire Survey

This study develops a model of user resistance to Information Systems (IS) implementation in a mandatory use environment. The model is empirically validated with data collected using self-reported questionnaire survey from three large state-owned enterprises at different phases of Enterprise Resource Planning (ERP) implementation. The path analysis was carried out to examine the direct and indirect connection with user resistance behavior. The results of this study indicate that users with high power are most likely to develop user resistance as they tend to affect largely by the alteration of power from the ERP implementation, whereas, perceived self-efficacy and perceived inequity are hypothesized to influence resistance attitude which, in turn, jointly determine resistance behaviors with subjective norm. This research will help verify theoretical understanding about the resistance phenomenon as well as offer practical insights into managing user resistance.