Private Enterprise Research Articles

Impact of Perceived Parental Leave Policies on Female Employees’ Job Satisfaction and Organizational Commitment: Mediating Effect of Job Satisfaction

Purpose – According to the perceived organizational support (POS) theory, when organizations value their employees’ efforts and support them with various systems, employees experience higher levels of job satisfaction (JS). Therefore, exploring the impact of awareness regarding the representative policy for female employees (FEs) in the work-life balance system, specifically the parental leave policy, on their JS and organizational commitment (OC) is significant. This study examines the mediating effects of JS and provides theoretical and practical implications. Design/Methodology/Approach – The 24th panel dataset from the Korea Labor Institute was used to control for several conditions. Among FEs (aged 20–40) suitable for this study, 2,092 respondents were selected, contrary to prior studies that have exclusively focused on FEs in private enterprises. Using these data, frequency, reliability, correlation, and regression analyses are employed. Findings – The analysis reveals that the perceived parental leave policy for FEs in private enterprises positively affects JS and OC. Notably, unmarried FEs also demonstrate a significant influence of parental leave policy awareness on JS. Moreover, JS partially mediates the relationship between FEs’ perceptions of the parental leave policy and OC. Research Implications – This study presents findings consistent with previous research that has empirically examined the positive impact of POS theory on JS. Additionally, contrary to prior studies, this study identifies a separate influence on unmarried women, highlighting the significant effect on JS by perceiving the potential for future organizational support, even if it is not currently available.

“Tax reduction” and the financialization of real enterprises: Evidence from China’s “VAT reform”

Structural tax reduction represents a crucial measure supporting the advancement of real enterprises, with discernible policy spill-over effects on corporate asset allocation. This paper empirically examines the impact of tax reduction on the financialization of real enterprises, utilizing data from Chinese listed companies spanning the years 2009 to 2016 and anchored in the policy shock induced by the “VAT Reform”. The findings suggest that the tax reduction effect resulting from the “VAT Reform” significantly suppresses the financialization of real enterprises, with this policy effect gradually diminishing from the third year onward. Further heterogeneity analysis reveals that tax reduction exerts a more pronounced impact in curbing the intensity of corporate financialization, particularly in private enterprises and companies facing higher financial constraints. Subdividing the term structure of financial assets indicates a significant reduction in the allocation of long-term financial assets for both state-owned and private enterprises. Remarkably, state-owned enterprises show no significant change in the allocation of short-term financial assets, while private enterprises witness a substantial increase in short-term financial asset allocation. Further tests validate the conclusion that increased investment in operating assets by enterprises supports the established impact. The research enriches the literature on corporate financialization, offering a novel evaluative perspective for assessing the effects of the “VAT Reform” policy.

Game-theoretical study of military–civilian collaborative innovation in the context of four-party participation

PurposeIn the context of constructing an integrated national strategic system, collaborative innovation among enterprises is the current social focus. Therefore, in order to find the interest relationship between multiple game subjects, to explore the influencing factors of collaborative innovation of civil-military integration enterprises. This paper constructs a collaborative innovation mechanism for military–civilian integration involving four game subjects (military enterprises, private enterprises, local governments, and science and technology intermediaries). It aims to solve and reveal the evolutionary game relationship among the four parties.Design/methodology/approachTo explore the mechanism of military–civilian collaborative innovation involving four players, this study employs game theory and constructs an evolutionary game model for collaborative innovation with the participation of military enterprises, civilian enterprises, local governments, and technology intermediaries. The model reveals the evolutionary game patterns among these four entities, analyzes the impact of various parameters on the evolutionary process of the game system, and numerical simulation is used to show these changes more specifically.FindingsThe research findings demonstrate that active government subsidies promote cooperation throughout the system. Moreover, increasing the input-output ratio of research and development (R&D), the rate of technological spillovers, and the R&D investment of civilian enterprises all facilitate the tendency toward cooperation within the system. However, when the government chooses to actively provide subsidies, increasing R&D investment in military enterprises may hinder the tendency toward cooperation. Furthermore, central transfer payments, government punishment from the central government, and an increase in the information conversion rate of technology intermediaries may suppress the rate of cooperation within the system.Originality/valueMost of the previous studies on the collaborative innovation of military–civilian integration have been tripartite game models between military enterprises, private enterprises, and local governments. In contrast, this study adds science and technology intermediaries on this basis, reveals the evolution mechanism of collaborative innovation of civil-military integration enterprises from the perspective of four-party participation, and analyzes the factors influencing the cooperation of the whole system. The conclusion of this study not only enriches the collaborative innovation evolution mechanism of military–civilian integration enterprises from the perspective of multiple agents but also provides practical guidance for the innovation-driven development of military–civilian integration enterprises.

Political uncertainty and litigation efficiency: Evidence from China

AbstractIn this article, we investigate the influence of local official turnover on litigation efficiency using manually collected data from listed companies in China from 1995 to 2013. Our findings indicate that official turnover leads to a decrease in litigation efficiency, with a 16.3% increase in the duration of litigation cases. This effect is more pronounced when newly appointed officials are working in different locations. It is more significant when the involved enterprise is a private entity, suggesting that political cycles contribute to the selective enforcement of private enterprises. Further analysis reveals that the adverse impact of official turnover on litigation efficiency is short‐lived. The conclusions contribute to the existing literature on official turnover and litigation efficiency and hold potential implications for judicial independence reforms.

The impact of climate policy uncertainty on green innovation in Chinese agricultural enterprises

This empirical study uses 2011–2021 panel data from Chinese A-share listed agribusiness11Agribusiness is the various businesses that produce, sell, and distribute farm products, especially on a large scale. companies and shows a positive association between climate policy uncertainty (CPU) and green innovation in China's agribusiness sector, this finding withstands intensive robustness testing. The study also finds that government environmental subsidies and environmental concerns positively moderate the impact of climate policy uncertainty on green innovation in Chinese agribusiness. The study shows that state-owned enterprises were more influenced than private enterprises. Green innovation in agricultural enterprises has a notably more significant impact in the eastern region of China.

Analysis of the spatial influences on innovation efficiency of enterprises with different ownership in China: high‐tech industry as an example

AbstractEnterprises have different behavioral characteristics depending on their ownership structure and their nature and play different roles in promoting economic development. In order to explore the innovation behavior characteristics of private enterprises, state‐owned enterprises, Hong Kong‐, Macao‐, and Taiwan‐funded enterprises, and foreign‐funded enterprises in China's high‐tech industry, this paper constructs spatial lag models and varying coefficient spatial lag models within the framework of knowledge production functions. It not only evaluates the technological innovation performance of various types of enterprises in high‐tech industries but also comprehensively explores the differences in the impact of external environments such as spatial dependence and business environment on the innovation efficiency of various types of enterprises. The results of the study provide a reference for enterprise managers and investors to efficiently allocate the scarce resources for innovation investment.

Assessment of routine operation and maintenance work of a small community water treatment plant in North Guwahati, Assam, India

A water treatment plant's efficiency is reliant on its regular maintenance and operation. Many water treatment plants across the world are outsourced to private enterprises for day to day operation and maintenance. However, the impact of outsourcing may not always be profitable as design of faulty treatment units or carrying out improper routine operation and maintenance works by the private enterprise may ultimately affect the quality of potable water produced. The current study aims to evaluate the routine operation and maintenance tasks performed by an outsourced private enterprise at a small community water treatment facility in Assam. The performance monitoring of the treatment plant indicates that the plant is unable to produce potable water meeting national water quality standards. The turbidity of treated water is not able to meet the BIS acceptable limit of 1 NTU but it complies with the BIS permissible limit of 5 NTU. In general, the plant operators lack the skills required to operate the treatment plant effectively. Coagulant dosing is completely based on personal experience of plant operators instead of using jar test results. The backwashing of filter beds is carried out arbitrarily without considering the turbidity of filtered water. These factors have resulted in malfunctioning of the treatment units ultimately affecting the quality of potable water produced from the plant. The skill set of plant operators and chemist has been enhanced with bilingual stepwise instruction charts and on-hand training at the site. This aids in raising the standard of produced potable water. The turbidity of treated water is observed to be close to the BIS acceptable limit of 1 NTU.

Assessing the development of green innovation in China through patent evolution: the hallmark of government policy and private enterprises

PurposeThe purpose of this paper is to develop a comprehensive overview of green innovation (GI) in China, which is carried out by reviewing the evolution of GI from 2000 to 2019, and the main type of technology, actors and localizations. When appropriate, GI is compared to non-GI.Design/methodology/approachThe study uses patent data from the European Patent Office database (PATSTAT); these data are processed to map trends and identify the main contributors to GI and the location of such innovation. The findings are then discussed and complemented with academic literature.FindingsKey findings reveal an increasing divergence between GI and nongreen innovation after the 2008 crisis. It is also observed that solar energy appears to be the main component of GI in China, with a shift from photovoltaic thermal energy to solar photovoltaic energy after 2008. Other areas, such as waste management, greenhouse gases capture and climate change adaptation, are less innovative. Companies play an essential role in the development of all types of innovation. In terms of location, green patents are mainly filed in China’s three main megacities. The study also highlights the significant role of the Chinese state, which led policies shaping the trajectories and forms of GI.Originality/valueThis study expands knowledge on GI in China, highlighting its main specificities and the role of key actors. It provides to the reader a comprehensive picture of China’s green policies and innovation realities. The results can therefore be used to improve the understanding of GI evolution in China and facilitate the formulation of new research questions.

Private initiative as a growth factor of Book publishing activity in Russia in the last third of the 18th century

Importance. A landmark event in the history of Russia in the last third of the 18th century was the development of private printing houses, which destroyed the state and church monopoly on printing publications. The work of publishing houses played a decisive role in satisfying the spiritual needs of the broad masses of the population, contributed to the secularization of the national book culture. At the same time, the richness and diversity of fiction, educational and scientific literature, produced both in Russian and in foreign languages, thoroughly influenced the emergence and dissemination of new information and facts, increased the level of education of all segments of the reading population. Despite the existence of extensive research on the book publishing of this period, there is a well-known imbalance in the description of the activities of famous domestic printers and their foreign colleagues. Meanwhile, it was foreign specialists (I.M. Hartung, J.J. Weitbrecht, etc.) who played a key role in opening the first private printing houses in Russia. The study of their activities contributes to the increment of knowledge on the Russian book culture history, allows you to consider unknown pages of Russian book publishing and book trade.Research Methods. The main sources of the study are the materials of the Russian State Archive of Ancient Acts (Fund 17, Fund 248), as well as legislative acts and orders of that time that influenced the book trade.Results and Discussion. Being a characteristic feature of the development of information culture in the first half of the 18th century, censorship could not stop the transformative role of books in the history of Russia. As a result of the intensification of book printing in the country, the emergence of free book trade, the successful operation of new education models, interest in printed products has noticeably increased. Book business has ceased to be only a capital occupation and has become the property of the whole country. By allowing everyone to start printing houses at will, the state equated them with factories, which facilitated the processes of creating and developing their own printing business.Conclusion. The activity of private book publishers in Russia in the second half of the 18th century created opportunities for the formation of the national book market, filling it with various scientific, fiction and educational literature. Thus, the printers contributed to the dissemination of the widest knowledge among the Russian population, increased the variety and quality of the literature sold.

How do organizations in Chinese agriculture perceive sustainability certification schemes? An exploratory analysis

AbstractMotivationInitiatives to promote sustainable practices in agriculture in China have been little documented in the literature. Preliminary investigations suggested that the way agricultural certification schemes worked in China differed considerably from such schemes in Europe and the United States.PurposeWe investigated how sustainability certification schemes (SCSs) were perceived by farmers, processors, government staff, and other stakeholders in Chinese agriculture.We examine three types of certification: sustainability standards for agricultural exports; organic labelling for the domestic market; and certification of ecological practices.Methods and approachWe interviewed 16 stakeholders in 2013–2014 about their experiences and perceptions of certification. The interviews were transcribed and coded to derive themes and interpretations.FindingsCertification was rigorous for agricultural exports because importers, mainly in high‐income countries, demanded high standards—and were prepared to pay a premium for those standards. It was in the best interests of Chinese exporters to certify their produce. Some farming companies had specific farms that were run to make sure the standards were upheld, whereas their farms producing for the domestic market operated differently.Organic certification of produce was less systematic, with proliferation of labels used to try to convince domestic consumers that the food so labelled was safe. No single standard was used. Farmers were concerned that organic production was costly but that they would not get a price to reflect those costs. Most actors expected the state to set standards and police them.A public scheme intended as payment for environmental services also certified land managers; but the scheme as applied operated to pay farmers on low incomes often in marginal lands an income supplement—payments were not necessarily linked to environmental objectives.Policy implicationsIn China, the perception of stakeholders was that the central government should establish and monitor standards. Certification was not seen as something that private enterprise could or even should establish. This appreciation translated into dependence on central government to co‐ordinate and regulate all collective action for pursuing social and environmental sustainability, leaving little space for market‐led initiatives to flourish.

Exploring the Brussels Effect

The European Union (EU) wields significant influence over global markets through a phenomenon known as the Brussels Effect. This strategy involves aligning EU standards with regulations, effectively positioning the EU as a key driver of environmental and climate trade standards. Within the realm of trade in forest products, the EU has implemented instruments such as the Timber Regulation (EUTR), which was succeeded by Deforestation Free (EUDR) in 2023, and the EU Forest Law, Governance, and Trade Action Plan (FLEGT). These regulations have exerted considerable pressure on Brazil to embrace best practices for timber extraction, primarily by adhering to the Forest Stewardship Council (FSC) and other private initiatives. The implications of EU influence in this context give rise to both positive and negative consequences, underscoring its significance in shaping global forest policies.

The effects of the minimum wage on the corporate social responsibility of tourism enterprises in China

PurposeExternal institutional policy and its impact on corporate social responsibility (CSR) have been widely discussed by researchers, but its effect still remains controversial. This study aims to use the minimum wage policy as an illustrative example to analyze its impact on the corporate social responsibility (CSR) of tourist enterprises. Furthermore, the research seeks to examine the boundary conditions that influence the minimum wage’s effect on CSR.Design/methodology/approachThis paper takes the data of 42 listed tourism companies from 2010 to 2020 in China as samples and uses the mixed OLS regression method and the fixed effects panel model to examine the effect of the minimum wage on CSR.FindingsFindings show that increasing wages has a significantly negative impact on their total CSR investment. Also, low-operating-capacity enterprises and private enterprises will react more adversely when faced with increasing minimum wages. And found that the increase of minimum wage has no significant negative impact on the strategic social responsibility of tourism enterprises; however, it has a significantly negative impact on their tactical social responsibility. In addition, as far as employees’ rights and interests are concerned, the minimum wage increase has effectively increased employee salaries, but the nonsalary benefits of the employees have significantly decreased.Originality/valueThe contribution of this paper not only expands the research on the antecedents and boundary mechanisms of CSR but also clarifies the specific effect of the rise of the minimum wage on corporate social responsibility; it further deepens the impact of institutional policy factors on CSR, which also opens new perspectives for policy evaluation and provides a theoretical basis for government policymakers.

Food hubs in a new public place

This article covers the concept of food hubs and their relation with the common places, and other possible interactions within the civil society, in the eyes of the theoretical point of view of the “social practical theory”. Resembling the conceptualization of the food hubs more in a general way considering the problems and particularities of these systems, recognizing the different business models in the market. Additionally, we will explore some of the values and prerogatives spread by those hubs in connection with the environmental and climate change assumptions and scientific research, using a short supply chain to distribution channels in their commercial transactions. Understanding the role of the hubs in building a sustainable transformation together with those movements, NGOs, private and government initiatives additionally with the digitalization of information and relations between societies.

Public-private partnership effect on the company technology innovation-empirical and theory: evidence from China

ABSTRACT As China’s economy enters the ‘new normal’ operational stage, the widespread adoption of the Public-Private Partnership (PPP) model has engendered substantial transformations in infrastructure investment and financing practices, progressively moving towards standardization. This study employs indicators such as Research and Development (R&D) investments and the number of patents held by publicly listed companies to assess their innovation performance. Employing a Differences-in-Differences (DID) empirical methodology, and utilizing the Propensity Score Matching (PSM) trend-matching technique to establish experimental and control groups, we empirically investigate whether participation in PPP projects exerts an influence on the innovation investments of listed companies and whether it results in a detrimental crowding-out effect. The empirical findings of our analysis demonstrate that engagement in PPP projects leads to a reduction in the innovation investments made by listed companies, thereby exerting a significant impact. Additionally, the magnitude of the crowding-out effect on innovation is positively correlated with the number of PPP projects, though the effect is not particularly pronounced or statistically significant. This study further conducts an in-depth comparative analysis of the innovation levels observed within state-owned enterprises and private firms. It subsequently proposes targeted solutions aimed at enhancing the innovation capacities of both state-owned and private enterprises.

Potential for Agricultural Expansion in Degraded Pasture Lands in Brazil Based on Geospatial Databases

Important public and private initiatives to map agricultural lands and natural resources have been carried out in Brazil to support land use planning. Some studies indicate that Brazil still has up to 109.7 million hectares of cultivated pastures with some level of degradation, representing around 60% of the total pasturelands, estimated at 177 million hectares. This study aimed to gather, process, and analyze publicly available databases to generate quantitative and spatial information about the potential of Brazilian degraded pastures for agricultural expansion. We considered data related to the natural agricultural potential, restrictions imposed by special areas (indigenous lands and Afro-Brazilian “quilombola” settlements), areas with high biodiversity conservation priorities, infrastructure such as distance between major highways and availability of warehouses, current agricultural areas, and the information made available by Agricultural Climate Risk Zoning. The results indicated the existence of approximately 28 million hectares of planted pastures with intermediate and severe levels of degradation that show high potential for agricultural crops. These areas could increase the planted areas with grains in Brazil by approximately 35% in relation to the total area used in the 2022/23 crop season.

Research on Incentive Mechanisms for Employees in Private Enterprises Based on Psychological Contracts

Research on Incentive Mechanisms for Employees in Private Enterprises Based on Psychological Contracts

The Impact of The Enterprise Welfare System on Chinese Private Enterprises in The Post-epidemic Era

The COVID-19 has caused a huge impact on the global economy, China as the world's second largest economy has also been seriously affected by the slowdown in national economic growth or will lead to a more severe economic situation, has been a number of cities closed to the city, resulting in a serious impact on private enterprises. In the post epidemic era, private enterprises as an important part of China's economy, its economic recovery is also facing a crisis, part of the small and medium-sized private enterprises are facing rent, wages and other cost pressures; layoffs pressure; enterprise business products raw material prices; domestic and foreign markets shrink, the source of customers to reduce and other issues. This paper will discuss the impact of corporate welfare system on Chinese private enterprises in the post epidemic era and analyze its importance to enterprise development and employee welfare.

ECONOMIC FOUNDATIONS IN ANTIQUITY: A HISTORICAL EXPLORATION OF ANCIENT EGYPT

This exhaustive investigation thoroughly explores the complex economic history of ancient Egypt, providing insights into key components such as agriculture, trade, and inflation. The study illuminates the significant roles played by the state system in molding the economic landscape of this ancient civilization. The economic structure of ancient Egypt demonstrated a profound interdependence with its imperial dynastic structure and advanced technological capabilities. Agriculture, serving as the foundational element, prospered through the annual Nile inundation, yielding crucial surpluses essential for trade and taxation. Trade, predominantly conducted through barter, played a substantial role in the economic framework, with documented instances of both state-controlled and private enterprises. A central focus of the article entails a thorough exploration of the widespread social and economic ramifications resulting from inflation, particularly the noteworthy Ptolemaic copper inflation. This nuanced analysis significantly contributes to a deeper comprehension of the intricacies inherent in the economic history of ancient Egypt. Precisely, the article conscientiously recognizes the significance of surplus generation and the assessment of labor value. It underscores the pivotal roles undertaken by both g

Implementasi Akuntansi Dalam Rangka Meningkatkan Kualitas Laporan Keuangan UMKM

Micro, small, and medium enterprises (MSMEs) have an important position and function that, together with state-owned or private enterprises, carry out various businesses to achieve prosperity for the community. The function of MSMEs is to unite, direct, and develop the creative power and business power of the people, especially those with limited economic capacity so that they can participate in economic activities. Accounting information is used to assess management activities in managing assets entrusted to them (the stewardship function) and is also used as a decision-making tool by those who use it. MSMEs experience problems understanding the application of accounting in their business operations. The efforts they make are to improve the ability of their accounting personnel through training that is carried out incidentally both by related agencies and through activities carried out by universities. However, their efforts have not produced optimal results, coupled with a fairly high level of employee mutation, where employees who have been trained sometimes change workplaces. This problem is latent and occurs repeatedly, so it greatly disrupts the daily operations of MSMEs. To be able to achieve the objectives of the activity, the method used was in the form of assistance to 20 MSMEs. This assistance is carried out by providing a multimedia-based accounting simulation device to MSMEs and then explaining how to use it. This mentoring activity begins with a briefing on the use of the device. After that, monitoring the simulation device's utilization was carried out. The final activity carried out was an evaluation of the usefulness of the device in improving the ability of MSMEs to prepare financial reports.

Do state-owned enterprises prefer capital from private enterprises with better ESG performance? Evidence from China's mixed ownership reforms

This study investigates whether ESG performance is a criterion for state-owned enterprises (SOEs) to introduce capital from private enterprises in mixed ownership reforms. Using a sample of A-share private listed companies in China and manually collecting the data of the Chinese private listed companies with ownership participation in SOEs during 2010–2020, we find that private enterprises’ ESG performance is positively associated with the possibility and number of their ownership participation in SOEs, which remains consistent after conducting several robustness tests. Moreover, the relationship between private enterprises’ ESG performance and their ownership participation in SOEs is more pronounced for firms with high media coverage and firms without political connections.