Operation Of Enterprises Research Articles

Analysis Of the Impact of ESG Performance on Enterprise Value

Environment, Society, and Governance (ESG) are comprehensive business practice framework that requires companies to consider the environmental, social, and corporate governance structure while pursuing economic benefits. This concept has become an indispensable part of modern enterprise management and is of great significance for shaping the long-term value of the enterprise. In the field of corporate governance, ESG advocates for an efficient, transparent, and responsible management system to guide enterprise operations. Effective regulatory mechanisms, such as independent board members, improved audit procedures, and risk management strategies, are all necessary to ensure that stakeholders' rights and interests are respected and protected. In addition, companies should be committed to fighting corruption and ensuring that all stakeholders have a say in the decision-making process. ESG is an enterprise that profoundly changes business philosophy and behavior. It aims to seek a balance between economic value and social value, help enterprises better obtain and consolidate competitive advantages, promote enterprises to return to their heart and conscience, and achieve a higher level of management and profit creation. This paper analyzes the influence on the concept of corporate value and social value from three aspects of environmental protection, social responsibility fulfillment, and corporate governance, and puts forward ideas and suggestions based on the concept of sustainable development.

Research on Cross-International Business Operation and Management Strategies of Enterprises

As globalization accelerates, the corporate realm finds itself amidst an unprecedented international business landscape. Conventional marketing paradigms and management strategies falter in such rapidly shifting environments, presenting both challenges and opportunities for multinational operations. This discourse delves into the myriad challenges facing multinational corporations, such as policy risks, legal framework disparities, cultural differentials, economic and monetary policy uncertainties, and disparate rates of technological advancement. Moreover, the article conducts a profound analysis of theories pertaining to international business and multinational management, cultural variance theories, as well as strategic management theories, with the aim of furnishing a robust theoretical foundation for multinational operations and management. Beyond mere theoretical exploration, this article also endeavors to elucidate various successful strategies in multinational operations and management, encompassing market entry strategies, marketing strategies, human resources management strategies, and financial and risk management strategies, in order to furnish enterprises engaging in international markets with reliable guidance and successful paradigms, thus encouraging the realization of both social value and commercial interests in tandem.

Corporate Risk-Taking, Innovation Efficiency, and High-Quality Development: Evidence from Chinese Firms

Facing the increasingly complex and uncertain external environment, the reasonable control of investment risk is the key to realizing the sound operation and high-quality development of enterprises. Based on the innovation perspective, this paper takes A-share non-financial listed companies from 2007 to 2021 as the research sample to explore the impact of the corporate risk-taking level on the high-quality development of enterprises and examines the transmission mechanism of the relationship between the two from the perspectives of innovation efficiency, innovation input, and innovation output. It is found that enterprise risk-taking significantly inhibits the high-quality development of enterprises, by reducing innovation efficiency; innovation efficiency plays a mediating role in the influence of the relationship between the two, which is mainly due to the fact that enterprise risk-taking increases the innovation inputs of enterprises but reduces the innovation outputs of enterprises, and then reduces the innovation efficiency of enterprises and inhibits the high-quality development of enterprises. This heterogeneity study finds that the inhibitory effect of corporate risk-taking on the high-quality development of firms is more pronounced among manufacturing firms, small-scale firms, and firms with higher capital intensity. The findings of this study provide both guidance to help enterprises to reduce risky investment decision-making behaviors and experience for regulators to effectively promote the formulation of policies related to the high-quality development of the real economy.

Penyuluhan Strategi Keuangan Cerdas untuk UMKM di Era Digital di Kecamatan Pondok Aren

In recent years, advancements in digital applications have provided access for all layers of society to easier financial management than traditional methods at their fingertips. However, many small and medium enterprise (SME) operators are still not accustomed or effectively informed about their utilization for their businesses. This outreach aims to help SME operators adapt to the current digital access convenience in managing their business finances. There are various digital applications available that can assist SME operators in addressing issues such as non-positive sales growth, difficulties in accurately tracking operational transactions, or slow traditional funding assistance. This activity introduces ways to easily create financial projections and reports, utilize online financial transaction methods, and explore Fintech alternatives.

Economic life-cycle model for the cost of a power grid line engineering project

Reasonable grid line engineering asset management is an important means for power companies to improve economic efficiency under the new electricity reform situation. Based on the whole-life-cycle theory, this paper puts into use the decommissioning of the whole process of cost perspective and analyses the line project construction to decommissioning and scrapping of the whole process of the cost. Through the calculation of the whole life cycle of the smallest annual cost, to determine the line economic life, the authors constructed the whole life cycle of a grid line project economic cost framework and put forward the best decommissioning time of a grid line model – that is, the economic life model. A case study was conducted based on a project example from a certain power grid company in China. The research results of this paper can be used to reduce the economic cost of operation and maintenance of power grid enterprises, improve the efficiency of input and output and provide reference suggestions for optimising the management of line engineering and other power assets of power grid companies.

Using graph neural network to conduct supplier recommendation based on large-scale supply chain

Driven by economic globalisation, various industries have developed a trend towards high specialisation and vertical division of labor, resulting in vast and intricate supply chain networks. However, unforeseen disasters can cause supply chain disruptions, subsequently impacting the regular production and operations of both upstream and downstream enterprises. To tackle this challenge, this study utilises Graph Neural Networks (GNNs) to synthesise graph structural data within the supply chain network, aiming to identify alternative suppliers to mitigate the impact of disruptions. We construct a large-scale knowledge graph to represent the realistic automotive supply chain network in China. Additionally, we propose a GNN-based framework that utilises information about interactions between buyers and suppliers to recommend alternative suppliers from the knowledge graph. Experimental results show that our approach significantly outperforms state-of-the-art GNN-based models, including Light-GCN and NGCF. Our research provides an intelligent and efficient perspective on supplier selection for the Chinese automobile industry.

Factors of influence on the formation, condition and efficiency of resource management of enterprises in the hospitality industry

The article is devoted to systematizing influencing factors in the formation, condition, and efficiency of resource management in hospitality enterprises. The study's purpose, which is to determine the factors influencing the formation, state, and efficiency of resource management in enterprises in the hospitality industry, is urgent and pressing. Studying factors affecting the formation, state, and efficiency of using enterprises' resources in the hospitality industry is highly relevant and promising. Investigating these factors can help hospitality businesses improve resource efficiency, which can lead to lower costs and increased profits; improve the quality of services and meet the changing needs of customers; increase your competitiveness on the market; increase resilience to economic and geopolitical shocks; to become more environmentally and socially responsible. Considering the evolution of scientific knowledge and the variety of approaches to defining the essence of the concept of «resources», we notice that there is no officially accepted statement. The insufficient research on this concept and the need for further research into the content of the concept of «resources of hospitality industry enterprises» are apparent. Therefore, within the framework of the conducted research, it is proposed to define the statement «resources of hospitality industry enterprises» as a set of interrelated natural, material, intangible, financial, labor, time, and information factors, which, when interacting with each other and taking into account the influence of factors of the external and internal environment ensure the smooth operation of hospitality industry enterprises to obtain maximum profit, taking into account the economic, environmental and social foundations. Since in the proposed interpretation for the uninterrupted operation of hospitality industry enterprises, attention is focused on the economically, ecologically, and socially effective use of six types of resources, considering the influence of external and internal environmental factors, the next stage of the study will be the determination of the theoretical foundations of the effective use of resources of hospitality industry enterprises. Keywords: efficiency, use of resources, enterprises, hospitality industry, management, economy

Regional aspects of formation and use of food potential of enterprises

In the context of modern economic conditions, which are marked by a significant loss of the resource base, the formation, use, and preservation of enterprises' food potential emerge as a priority task. However, the existing mechanism of managing this potential falls short of fully meeting the tasks of increasing work efficiency, achieving high results, and fostering further development. This research underscores the crucial role of food potential in the efficient operation of enterprises, as it can be seen as a tool for maximizing profit and enhancing competitiveness, thereby highlighting its practical implications. Forming the enterprise's potential is one of the directions of its economic strategy. It involves creating and organizing a system of resources and competencies in such a way that the result of their interaction is a success factor in achieving the enterprise's strategic, tactical, and operational goals. The article's purpose is to analyze the impact of regional features on the formation and use of food potential in modern conditions. The research process applied the methods of comparison, analysis, theoretical generalization, and logical generalization. The dialectical research method became the methodological basis. The article highlights scientific views on the interpretation of the concept of "food potential," and it is clarified that it is a set of resources and capabilities of an enterprise to carry out its practical activities to obtain maximum profit; problematic aspects of the formation and use of the food potential of enterprises in modern economic conditions are analyzed; it has been proven that the use of food potential is influenced by existing regional features that shape the production directions of enterprises to ensure their profitable activity; the main principles of managing the food potential of economic entities within the framework of the marketing approach, which determines the orientation of the formation of the company's capabilities on the consumer, are highlighted. Keywords: food security, region, food potential, factors, resources.

Analisis Pemilihan Supplier Pengadaan Mesin Masak Produksi Kecap Menggunakan Metode Analytical Hierarchy Process (AHP) Dan Taguchi Loss Function (Studi Kasus: PT X)

Procurement is a company activity in obtaining goods according to the specifications they need and meeting the criteria in the form of qualifications, requirements and regulatory rules related to the procurement of goods and services. PT X is a company affiliated with a state-owned enterprise operating in the sugar cane agro-industry sector that produces sweet soy sauce as their downstream product. In this object, researchers found a problem that the production of sweet soy sauce at PT X could not meet the needs of consumer demand due to the limited capacity of the sweet soy sauce cooking machine. Therefore, PT X procures a sweet soy sauce cooking machine with a limited tender auction system. The selection of supplier I (PT KM) and supplier II PT (TSE) which is a soy sauce production cooking machine supplier was selected using the Analytical Hierarchy Process (AHP) and Taguchi Loss Function methods. The results obtained from this study obtained that supplier II (PT TSE) is the best supplier with synthesis results weight of 0.747 or has a percentage of 74.7 as well as the results of Taguchi Loss Function calculations where supplier II fulfills all types of quality loss functions on each price subcriteria, namely on the price of the smaller better machine with a weight of 0.1228, the cost of insurance for the larger better machine with a weight of -0.0920, and the shipping cost of the smaller better with a weight value of 0.0294.

Risk identification and management through knowledge Association: A financial event evolution knowledge graph approach

The spread and evolution of financial risk events have endangered the operation of enterprises and financial institutions, and even strike the whole social credit system. To clarify the path of risk events and identify key risk sources by event association, we propose and construct a novel event-driven knowledge graph called “Financial Event Evolution Knowledge Graph (FEEKG)”, with a multi-layer structure of “entity-event-risk”. In the entity layer, the subgraph of about 112,000 entities and 78,500 relationships (including 6 types of entities and 12 types of relations) is constructed based on the event extraction algorithm and topic model. In the event layer, the evolution relationship scores higher than 0.2 is selected as the edge of the event evolution subgraph. The risk layer takes 23 types of topic risk events and 12 types of second-level risk types as nodes and risk transition relations as edges, to generate the dynamic evolution probability subgraphs of topic risk events and risk types. Driven by risk events, we also analyze the characters and rules of entity correlation, event evolution, and risk transmission based on FEEKG; propose a new method for timely mining potential related risk entities and effectively summarizing the regularity of risk evolution and transmission and provide a new perspective for enterprises and financial institutions to find the root of risks and formulate an effective risk management decision in time.

Literature Review Regarding Corporate Innovation

This paper systematically reviews the determinants and consequences of corporate innovation. The main findings are as follows. From a micro-level perspective, the diversification of the gender structure of the board of directors, the improvement of the welfare of employees, the corporate social responsibility performance, the external competitive environment, and the choice of innovation strategy can positively promote the company’s innovation and ensure the quality, efficiency, and success rate of innovation. From a macro perspective, judicial independence stimulates innovative activities, while the promulgation of the monopoly law and the uncertainty of the economic policy will dampen the incentives to innovate. As for the consequences of innovation, it helps enterprises transform and upgrade, brings efficient management mode more in line with the operation of enterprises, creates differentiated products for enterprises, helps enterprises reduce costs, and improves the efficiency of employees, etc. This literature review focuses on several latitudes and multiple aspects to elaborate their comprehensive impact on innovation so that readers can understand faster and more conveniently. Moreover, it provides direction for innovation for companies and can also make countries more aware of the importance of innovation. Collectively, this survey is a supplement to the existing literature and has practical implications.

A novel cross-domain adaption network based on Se-Sk-DenseNet for remaining useful life prediction of rolling bearings under different working conditions

Effectively predicting the remaining useful life (RUL) of rolling bearings can ensure reliability and safety, minimize machine downtime, and reduce the operation and maintenance costs of enterprises. To solve the problems of data distribution discrepancy caused by different working conditions and the collected signals containing a lot of useless information and noise, a novel cross-domain adaption network (CDAN) is proposed in this study. Firstly, a novel feature extractor, squeeze-and-excitation (Se)-selective kernel (Sk)-DenseNet, is developed to extract useful critical features from the input data and remove the ineffective features by embedding Se and Sk attention blocks; besides, a new objective loss function consist of the RUL loss, the multi-kernel maximum mean discrepancy loss, the contrastive loss, and the Kullback–Leibler divergence loss, is proposed to solve the problem of data distribution shift; finally, the effectiveness and superiority of CDAN are proved on the PHM2012 bearings dataset. The results demonstrate that CDAN can extract deep critical features and achieve the high cross-domain RUL prediction accuracy under different working conditions.

Social enterprise, renewable energy, and cap-and-trade under sustainable insurance

Social entrepreneurship encompasses entrepreneurial activities designed to tackle societal and environmental challenges. This paper introduces a capped call option model for sustainable insurance within the context of financing social enterprise green operations, emphasizing the adoption of renewable energy and the implementation of cap-and-trade mechanisms. Our focus is on an objective defined as a combined stakeholder equity function, reflecting sustainable insurance resulting from the social enterprise's green operations and stakeholder engagement to fulfill the goals of social entrepreneurship. The research reveals that increasing subsidies for the social enterprise embracing renewable energy enhances stakeholder equity and social enterprise equity while negatively impacting insurer equity. Additionally, as the social enterprise integrates advanced green technologies into production, the positive effect on stakeholder equity becomes more pronounced. Stringent regulatory caps, however, adversely affect both stakeholder equity and social enterprise equity. Moreover, the study highlights green loan subsidies as a mutually beneficial strategy, fostering positive outcomes for both the borrowing social enterprise and the fund-providing insurer. It emphasizes the need for policies prioritizing green subsidies to promote the adoption of renewable energy for enhanced equity under sustainable insurance.

Conceptualization of system management of e-commerce enterprises

The modern information stage of business development is characterized by digitalization of all processes, primarily commodity and money exchange. This reinforces the trend of dynamic growth in the number of electronic commerce (EC) enterprises, which is naturally accom­panied by an increase in the volume of turnover, intensifying market competition between manu­facturers, sup­pliers and sellers, expansion and improvement of product offers, implement­tation of artificial intelligence technologies in these processes. There is an objective need for a flexible and adaptive response of the corporate management of EC enterprises to permanent market changes in order to strengthen their own competitive advantages, as well as to develop a theoretical model of effective system manage­ment of an enterprise operating in such conditions. Such a model should be based on fundamentally new approaches to the system management of EC enterprises. Ukraine’s par­tici­pation in the formation of the global information society requires the development of the domestic EC segment, which involves the improvement of business processes in produc­tion and trade, the expansion of sales channels, the transformation of the labor market and the human capital mana­gement system. Such a necessity is intensified against the background of Russia’s war against Ukraine. Despite the economic crisis caused by the war, the improve­ment of management approaches by EC enterprises should increase the efficiency of their business processes and lead to an increase in the competitiveness of the domestic economy. The aim of the article is to develop the conceptual foundations of system management of e-commerce enterprises. Based on the methods of scientific analysis and synthesis, the essence of e-commerce, e-commerce enterprise is determined and the classic McKensey 7S mo­del is developed in the case of system manage­ment of an e-commerce enterprise. Internal and external determinants of system management of EC enterprises are highlighted. The develop­ment of the classic McKensey 7S model and the analysis of the system management determinants of EC enterprises made it possible to concept­tualize it and reveal the need for a scientific rethinking of management approa­ches at the level of domestic enterprises. This will contri­bute to the leveling of barriers to the effective introduction of new management approaches into management practice.

Exploring the Association Between Corporate Financial Credit Risk Management and Corporate Value

In the rapidly changing business environment, corporate financial credit risk management has become a key factor in the stable operation and continuous value enhancement of enterprises. Corporate value is reflected not only in its tangible assets but also in its intangible assets and management capabilities. Among them, financial credit risk management, as an important part of corporate management, is increasingly being paid attention to for its association with corporate value. Financial credit risk management involves the identification, assessment, monitoring, and control of risks related to financial activities, which may stem from market changes, credit defaults, operational errors, and more. Effective financial credit risk management not only helps enterprises reduce potential losses and protect asset safety but also enhances the market reputation and competitiveness of enterprises, thereby increasing their overall value. With the continuous development of financial markets and the strengthening of globalization trends, the financial credit risks faced by enterprises are becoming increasingly complex and varied. Therefore, building a comprehensive financial credit risk management system and enhancing the risk management capabilities of enterprises have become key to achieving sustainable development and creating long-term value.

THEORETICAL AND METHODOLOGICAL BASES OF FORMATION OF THE CONCEPT OF ENSURING SOCIO-ECONOMIC SECURITY OF ENTERPRISES IN THE CONTEXT OF DIGITALISATION OF BUSINESS PROCESSES

It is established that the system of free enterprise in the form in which it is implemented does not ensure progressive changes and they do not occur. The authors believe that in order to ensure a high level of socio-economic security of Ukrainians, it is advisable to use methods, levers, information and legal support for socio-economic security based on the digitalisation of business processes at enterprises, organisations and institutions. The article substantiates the expediency of forming a structure and mechanism for ensuring socio-economic security, taking into account the determination of the values of the State, phenomena of public life and public consciousness, in order to solve the problems of ensuring the effective operation of enterprise through the use of digital innovative technologies. It proposes a structure of socio-economic security of enterprises in the context of digitalisation of business processes. In order to ensure the conditions for social protection of employees of enterprise, a mechanism for such protection is proposed, taking into account the economic component, which will largely depend on the introduction of digital technologies into the business processes of enterprise. The paper suggests the concept of digitalisation of business processes of enterprise with a view to forming and ensuring socio-economic security of enterprises in the context of digitalisation of business processes. It is proved that the digital society is a necessary progressive movement, which involves the intensive and productive use of digital technologies in all spheres of human life, the life of economic entities, regions and the State. The publication analyses the global volume of trade through e-commerce retail in 2016-2021 as a sign of the external environment of socio-economic security of enterprise. The emphasis is placed on the digital society as an external environment of socio-economic security of enterprise. It is determined that digital technologies have a significant impact on the socio-economic security of enterprises, as they allow increasing the profitability of production, reducing human labour costs, ensuring rhythmic operation at all stages of business processes, making it possible to implement the tasks set and achieve common economic, social and civic goals. It is determined that the digital economy covers not only the information and communication sector, but also all business sectors in all areas of economic activity, including the public and private sectors, non-financial and tertiary sectors, financial sector, extractive industry, manufacturing and services, agriculture and construction. The study analyses the system characteristics of functioning of the mechanisms for ensuring socio-economic security, taking into account the relationship between internal relations and the external environment. The article examines the assessment of digital quality of life according to the Digital Quality of Life Index 2023, and identifies factors and trends that affect such indicators. The factors influencing the socio-economic security of the 10 largest IT companies in Ukraine by the number of specialists as of July 2023 are identified. The prospects for the impact of digitalisation of business processes of enterprises on the socio-economic security of Ukraine are determined.

Ways to improve digital tools in enterprise operations

In the presented paper the necessity of introducing digital tools into the activities of the enterprise in order to improve its efficiency is noted. Special attention is paid to the issues of using certain elements of artificial intelligence. Types of chatbots, peculiarities of their practical application. As well as advantages and disadvantages, are analyzed. The comparative analysis of services for chatbots is performed. The requirements to be considered in the technical specification to the main functions, system functioning, customer information, information security, documentation are formed. The tasks included in the project on creation of chatbots are defined. Recommendations are made on the calculated part of economic efficiency.

生鲜农产品冷链集货车辆路径与货物配载联合优化研究

As a bridge connecting agricultural production and consumption, the circulation of agricultural products has the function of connecting supply and demand, guiding production and promoting consumption. However, the development of rural logistics in China is slow, and most logistics centers still rely on experience to plan the pick-up vehicle routings, resulting in long transport time and high cost. In order to improve the efficiency of pick-up and reduce transportation costs, a joint optimization model of cold-chain pick-up vehicle routing and cargo allocation for fresh agricultural products was proposed in this study. Soft time window constraint and three-dimensional loading constraints were considered, and the lowest pick-up cost was used as optimization goals in this model. In addition, adaptive large neighborhood search algorithm (ALNS) and heuristic depth-first search algorithm (HDFS) were combined to solve the model. A case study of Kunming International Flower Auction Center was conducted to compare the schemes of pick-up vehicle routing before and after optimization. Results demonstrate that the pick-up cost after optimization decreases by 9.6 %, the number of vehicles decreases by one, the total volume utilization rate of vehicles increases by 23 %, and the total load utilization rate of vehicles increases by 15 %. This study provides a model reference and solution method for enterprise operators to formulate schemes of pick-up vehicle routing quickly and reasonably.

Pengaruh Persepsi Pelaku Usaha Mikro Kecil dan Menengah Tentang Penyusunan Laporan Keuangan UMKM Berdasarkan SAK – EMKM Terhadap Penggunaan Informasi akuntansi perpajakan (Studi Kasus Pelaku UMKM di Desa Perkebunan Ramunia)

The purpose of this research is to determine whether the Perception of Micro, Small, and Medium Enterprises (MSMEs) Regarding the Preparation of Financial Statements for MSMEs Based on SAK-EMKM Has an Influence on the Use of Tax Accounting Information. The research approach used by the researcher is associative quantitative research. The population in this study consists of 100 Micro, Small, and Medium Enterprise operators in the Ramunia Plantation Village. Meanwhile, the sample used in this study is 99 micro, small, and medium enterprise operators. The sampling technique used in the research is random sampling. The results of the research based on the regression equation above can analyze the influence of each independent variable on the use of accounting information, namely: the constant figure of 13.320 states that if the independent variable, namely the Perception of Micro, Small, and Medium Enterprises, is in a constant or unchanged state, then the Use of Accounting Information (Y) is 13.320. Based on the research, it can be concluded that the hypothesis testing partially for each independent variable against the dependent variable is as follows: The significance value for the Perception of Micro, Small, and Medium Enterprises is 0.872. This value is smaller than the significance level = 0.05. Based on the criteria above, the value of 0.872 > 0.05, so H0 is accepted and Ha is rejected, meaning that the Perception of Micro, Small, and Medium Enterprises does not affect the use of tax accounting information. This lack of influence is caused by the inability to recognize and interpret understanding of tax accounting information properly, the uncertainty of laws and taxes that often change, and the non-compliance of tax information.

Exploration on the Transformation of Retail Finance Marketing from “Sitting Business” to “Traveling Business” in Commercial Banks —Take the “Pop-up Shop” Model of C Bank Pedestrian Street as an Example

“Sitting business” and “traveling business” are two commonly used modes in marketing practice. “Sitting business” refers to waiting for customers to come to the door, is a kind of signboard and business name to attract customers of the marketing model, such as the commercial street store model, its business characteristics and competitiveness are mainly reflected in the attractiveness of products and the quality of service in the hall. “Merchant” refers to proactive marketing customers, and now refers more to product promotion and branding based on planning and packaging, as well as marketing personnel to communicate and interact with customers outside the business premises to expand product influence and market share. It is generally believed that sitting merchants are a conventional, traditional and inefficient marketing model compared to merchants. In the operation of modern enterprises, due to the increasingly fierce market competition, the transformation from “sitting business” to “traveling business” has become the consensus of business managers, and the awareness and ability of business are gradually becoming the core competitiveness of modern enterprise marketing.The operation mode of traditional bank branches is more of a passive waiting for customers to come to the door and accept the business needs of customers, reflecting the concept of “sitting in business”. With the sudden rise of Internet finance, which has had a huge impact on traditional banking business, the banking industry has realized that there may be a “last mile” shortcoming in physical outlets in financial services, and narrowing the distance between bank outlets and customers is more about “going out”, such as developing community banks, carrying out door-to-door marketing, expanding business districts, etc., mining customer needs outside bank outlets, building “scenario-based” finance, and constantly trying to change the business model from “sitting business” to “ traveling business”.