Way For Enterprises Research Articles

Product pricing and recycling mode considering competition under used product error classification

Sorting used products is an effective way for enterprises to improve resource utilization and increase profits, but the effects of sorting quality standards and classification errors on the sorting process requires attention. In light of the fact that in addition to recycling used products by themselves, enterprises may choose to outsource or compete with third parties for recycling, by constructing the game-theoretic model of manufacturer sorting, third-party recycler sorting and competitive sorting, this paper studies the impact of quality sorting standards and two types of classification errors on the decision-making and performance of supply chains under different modes. The results show that although a higher the quality sorting standard indicates a higher the acquisition price, and a lower the sales price of the product, for enterprises, a higher the quality sorting standard is not the better. Classification errors have opposite impacts on the profits of different recycling channels. Enterprises can optimize their performance by controlling error proportions in combination with their own sorting modes. Moreover, although the manufacturer sorting mode is superior to the third-party sorting mode, a third-party recycler participating in the recycling competition will not harm the manufacturer’s profits, and it can also make the recycler stricter in the sorting process, reduce the classification error proportions, and optimize the manufacturer’s profits and supply chain performance. These findings provide corresponding insights for enterprises in determining quality sorting standards and selecting sorting modes.

Guidance of creative design and delivery of information flow advertising to consumer anxiety

BackgroundIn the era of information explosion, information flow advertising has become an important way for enterprises to interact with consumers, but its impact on consumer anxiety has not been fully studied. The purpose of this study is to explore the guiding effect of information flow advertising creative design on consumer anxiety.Subjects and MethodsThe participants were randomly divided into an intervention group and a control group. The intervention group received innovative information flow advertising design, including personalized recommendation, creative graphic design, etc. The control group received regular information stream advertising. A week after receiving the AD, all participants completed a consumer anxiety scale as a post-test. In addition, participants’ personal background information, such as age, gender, education, etc. was collected in the study to control for possible confounding factors. The statistical software is SPSS23.0.ResultsThe results showed that participants in the intervention group had significantly lower levels of consumer anxiety compared to the control group. After controlling for personal background, the creative design of information flow ads remained a significant predictor of consumer anxiety levels.ConclusionsThe creative design of information flow advertising can effectively reduce consumer anxiety and provide a new theoretical basis for advertising design. Future research should further explore the specific influence mechanism and application scope of creative advertising design, in order to provide more scientifically based guidance and suggestions for the advertising industry.

How External Knowledge Acquisition Contribute to Innovation Performance: A Chain Mediation Model

It has become a common way for enterprises to use external knowledge to reduce the development bottleneck caused by internal resource constraints. How does external knowledge develop inside enterprises and then promote the innovation performance? Drawing upon resource-based view and dynamic capability theory, this study proposes a chain mediation model of how firms’ opportunity identification and R&D, as two distinctive microfoundations of dynamic capabilities, mediate the relationship between external knowledge acquisition and firms’ innovation performance. Through the questionnaire survey of Chinese high-tech enterprises, the results show that both external market knowledge acquisition and external technological knowledge acquisition influence the level of opportunity identification and internal R&D activities, so that the internal knowledge base of the enterprise can be updated or reconstructed, and the innovation performance can be improved. This further confirms that enterprises transform external knowledge with the role of dynamic capabilities, which enriches the research on open innovation from the perspective of dynamic capabilities.

An empirical analysis of the influence of human capital on enterprise innovation performance: A focus on the nature of enterprise ownership and enterprise scale

Purpose: This research examines how the heterogeneity of enterprise ownership nature and scale influences the relationship between human capital and innovation performance.
 Design/Methodology/Approach: This study makes use of data from the list of companies on China's expanding enterprise market from 2009-2020 through regression analysis using the panel data least squares approach.
 Findings: Higher levels of human capital and staff training have a positive impact on innovation performance but employee salaries and welfare levels have a negative impact on innovation performance. The effect of human capital stock and employee training on the performance of innovation in companies is more pronounced in state-owned enterprises or small companies. The nature of ownership or enterprise size has no significant effect on employee wage and welfare levels or the innovation performance of enterprises.
 Conclusion: The study's findings suggest that the relationship between human capital and innovation performance is complex and closely correlated with the type of ownership and size of the business.
 Research Limitations: More factors of firm heterogeneity such as firm age, industry and region were not verified. 
 Practical Implications: It provides a new way for enterprises to improve innovation performance.
 Contribution to Literature: The purpose of this paper is to broaden the research viewpoint on how human capital investments affect the performance of enterprise innovation from two perspectives: the nature of enterprise ownership and the size of the enterprise.

Research on Enterprise Accounting Informationization and Integration of Industry and Finance

The steady development of accounting informationization has become an inevitable requirement for the sustainable development of enterprises. The integration of industry and finance, as an effective way for enterprises to maintain business vitality and improve business efficiency in response to fierce market competition, is also gradually deepening. However, the current accounting informationization and industry financial integration still exist fragmentation, individualization, system is not strong and accounting personnel concept and quality and integration requirements gap between large and other issues. In this regard, this paper analyzes and discusses accounting informationization and business integration, mainly analyzes its functional role and specific implementation path. At the same time, it points out the implementation focus of the financial sharing center model to promote the integration of industry and finance, systematically explains the meaning of financial sharing and industry and finance integration, and further clariifies the relationship between the two and the promotion effect of financial sharing on industry and finance integration. On this basis, the problems existing in the process of enterprise industry-finance integration under the mode of financial sharing are deeply analyzed, countermeasures and suggestions are put forward to solve these problems, in order to provide certain guidance and reference for the development of enterprise industry-finance integration. At the same time, it is hoped that it can innovate financial management mode, help enterprises understand and promote the process of enterprise industry-finance integration management, keep up with the historical pace of data management and data operation, and realize the ultimate goal of maximizing enterprise value.

The Impact of Technological Mergers and Acquisitions on Enterprise Innovation: A Review

Innovation is the source of competitive advantage for enterprises. In the context of global industrial upgrading and increasingly fierce technological competition, enhancing innovation capabilities is key to enterprises’ success. Technology mergers and acquisitions have become an important way for enterprises to acquire external technology, to enhance their innovation capabilities, and to achieve rapid development. Many scholars have extensively researched technology mergers and acquisitions and enterprise innovation. This paper summarizes the relevant research literature according to different research contents. The research content includes the motivation for technology mergers and acquisitions, analyzing the impact mechanism and the path of technology mergers and acquisitions regarding enterprise innovation from the perspectives of technology relevance, the technology absorption capacity, the institutional environment, and corporate governance, as well as related research on the consequences of technology mergers and acquisitions for enterprise innovation and measuring methods for technology mergers and acquisitions and enterprise innovation. This paper summarizes and organizes the relevant literature, aiming to find research directions and enrich future research fields by summarizing it. This effort provides important theoretical support for the strategic decision-making of enterprise technology mergers and acquisitions under the guidance of innovation, and it also provides a reference for further optimizing the innovation incentive environment.

How Digital Transformation Affect the Competitiveness of Enterprises of Petroleum Corporation

Petroleum enterprises play an important fundamental role in our national economy. In the context of the rapid development of the digital economy, digital transformation is an effective way for enterprises to use digital information technology and digital platforms to enhance traditional power, promote information technology and business innovation, improve corporate performance, and seek lasting competitive advantages. Based on the concepts of digital transformation, dynamic capability and enterprise competitiveness and relevant theoretical basis, this paper constructs A theoretical model of digital transformation and enterprise competitiveness of petroleum enterprises with 1052 samples of 98 oil enterprises listed on Shanghai and Shenzhen A-shares from 2007 to 2021. Content analysis and crawler technology were used to calculate the degree of digital transformation, factor analysis was used to calculate the enterprise competitiveness index, and statistical analysis software STATA15.1 was used to analyze the impact of digital transformation on the competitiveness of petroleum enterprises and the regulatory role of knowledge transfer ability in this process. The results show that the digital transformation of petroleum enterprises is positively correlated with the competitiveness of petroleum enterprises. Knowledge transfer ability plays a moderating role in the relationship between digital transformation and competitiveness of petroleum enterprises. This paper discusses the mechanism between the digital transformation of petroleum enterprises and the competitiveness of enterprises, which helps petroleum enterprises to actively promote digital transformation, enhance their emphasis on technological innovation and patent research, and provide new ideas for petroleum enterprises to promote digital transformation and enhance their competitiveness.

An empirical research on employee welfare and internal control quality.

Internal control is the key to achieve high-quality development of enterprises, but internal control failure cases frequently occur at home and abroad. Therefore, it is particularly important to explore ways to improve the quality of internal control and promote high-quality development of enterprises. Taking non-financial listed enterprises in China from 2015 to 2020 as research samples, this paper adopts empirical research methods to research the impact and mechanism of employee welfare on the quality of internal control of enterprises from the perspective of all-employee governance, aiming to explore ways for enterprises to improve the quality of internal control.The results showed that employee welfare can improve the quality of internal controls significantly. Furthermore, the effect is more significant in non-employee-intensive industries and high-marketization areas. Based on the analysis of internal control elements, the research found that employee welfare affects the quality of internal control mainly through two elements, risk assessment and control activities. However, the effects of employee welfare on the three other elements are insignificant. This paper enriched the relevant research on the economic consequences of employee welfare and the factors affecting the quality of internal control, and has certain enlightenment significance for the popularization of employee welfare, especially supplementary pension, and also provides a reference path for the improvement of the quality of internal control.

How to promote open innovation in restricted situations? Digital transformation perspective

PurposeIn the context of innovation-driven development strategy, open innovation has become an important way for enterprises to gain competitive advantages on the path of innovation and development. However, with the increasing competition, enterprises' open innovation is restricted by some constraints. How to promote open innovation in the restricted situations has become an existing research gap. Based on the perspective of digital transformation, this paper discusses how to promote the open innovation of enterprises under the restricted situations and find its breakthrough path, and analyzes the moderating effect of innovation persistence and political relevance.Design/methodology/approachDue to the complexity and confidentiality of military–civilian integration enterprises, they have become typical innovation-restricted enterprises. In this study, it selects a-share listed companies in the field of military–civilian integration in China in 2016–2020 as the research sample, and uses the two-way fixed-effect model to analyze the proposed variables. Finally, the robustness of the results in this paper is verified by a series of robustness tests and endogeneity tests.FindingsThe results show that digital transformation facilitates open innovation in military–civil integration enterprises, and that innovation persistence and political relevance positively moderate the relationship between the two. Further, digital transformation can promote open innovation in military–civil integration enterprises by easing the financing constraints and reducing information asymmetry. Innovation persistence has a more pronounced positive moderating effect among civilian-to-military and SMEs, and digital transformation of firms in the South has a negative effect on open innovation, but innovation persistence and political relevance dampen this negative effect.Originality/valuePrevious studies on the restrictions of open innovation or its dark side are mostly case studies and qualitative research. In contrast, the superiority and novelty of this study is in the form of a typical innovation-restricted enterprises “civil-military integration enterprise” as the research sample, based on the perspective of digital transformation, through empirical analysis method to explore how to better implementation of open innovation in the restricted situations. The findings of the study can not only enrich the application of digital transformation and open innovation theory, but also provide practical guidance for military–civil integration innovation in restricted situations.

Impacts of CSR on the efficiency of Chinese enterprises' Outward FDI

OFDI is an important way for enterprises to participate in international competition. However, the existing studies have paid less attention to the efficiency of OFDI, especially the mechanism of CSR on the efficiency of OFDI. Therefore, based on the perspective of signaling theory, this paper empirically examines the impact of CSR on the efficiency of corporate OFDI and the mediating role of media attention, using A-share listed companies from 2011 to 2022 as the sample. The findings provide new perspectives for enterprises to improve OFDI efficiency, and also provide practical guidance for governments to pay sufficient attention to CSR.

Does digital transformation promote the volatility of firms' innovation investment?

AbstractWith the advent of the digital age, digital transformation has become an important way for enterprises to enhance their competitiveness. Using a large sample of Chinese A‐share listed companies from 2008 to 2019, we explore the impact of digital transformation on firms' innovation investment volatility. The research conclusions include the following aspects: (1) There is a positive correlation between digital transformation and innovation investment volatility. Mechanism analysis digital transformation promotes the volatility of firms' innovation investment by alleviating financing constraints and enhancing the ability to identify and seize innovation opportunities. (2) The positive correlation between digital transformation and the volatility of firms' innovation investment is more obvious in large‐sized enterprises and non‐high‐tech industrial enterprises. (3) Digital transformation reinforces the positive correlation between the volatility of firms' innovation investment and firms' patent applications for invention. This research expands the relevant research on the micro‐consequences of digital transformation and innovation strategy from a dynamic perspective.

Environmental Protection Goes Digital: A Policy Perspective on Promoting Digitalization for Sustainable Development in China

In the current discourse surrounding economic and societal growth, much emphasis has been placed on the role and impact of digitalization. Despite this trend, research exploring the ecological implications of the digital economy remains scarce. To fill this research gap, our study aimed to investigate the correlation between the digital economy and carbon emissions, specifically examining the moderating impact of environmental regulations. For empirical analysis, we utilize the CRITIC methodology to establish a thorough set of indicators that can evaluate the performance of China’s digital economy. According to our empirical results, the digital economy seems to exert a moderating influence on the levels of carbon dioxide (CO2) emissions, and this negative impact is more pronounced in affluent and densely populated regions of China. The effectiveness of digitalization in reducing pollution can be enhanced by the enforcement of environmental regulations. This paper elucidates the potential mechanisms via which the digital economy affects carbon dioxide emissions, and constructs a framework for the mechanisms via which the digital economy affects the environment by influencing the carbon dioxide emissions, providing a new way for enterprises and governments to participate in environmental protection and expanding the content of research related to the digital economy.

CEO Overconfidence and Corporate Overseas M&A: The Case of Techcent Environment Company

Purpose – In recent years, overseas M&As have become an important way for enterprises to invest and expand. Yet, most overseas deals are not successful. Behavioral finance research attributes the failure of overseas M&A to the irrational cognition of corporate decision-makers: that is, overconfidence. This study focuses on exploring the relationship between CEO overconfidence and overseas M&A, and clarifying the impact of CEO overconfidence on the motivation, payment method, and corporate performance of overseas M&A. Design/Methodology/Approach – First, based on the hubris hypothesis, this study reviews the literature on CEO overconfidence and overseas M&A. Second, this study uses the case analysis method, taking Techcent Environmental Co., Ltd., as an example, to study the impact of CEO overconfidence on the motivation, payment method, and corporate performance of overseas M&A. Findings – Overconfident CEOs tend to make enterprises carry out overseas M&As and use cash in the settlement. At the same time, overconfident CEO overseas mergers and acquisitions have a negative impact on both short-term and long-term corporate performance. Research Implications – This study expands the scope of case studies on the theory of executive overconfidence in behavioral finance, verifies the hubris hypothesis, enriches the case study literature on CEO confidence in behavioral finance, and provides reference for the management and overseas M&As of corporate executives.

Peer influence, market power, and enterprises' green innovation: Evidence from Chinese listed firms

AbstractIn the era of a green economy, green innovation has become a way for enterprises to gain competitive advantage, and it is of great theoretical and practical significance to explore the driving force of enterprises' green innovation. This study explores the peer effect of an enterprise's green innovation and conducts an empirical test using data from 3338 Chinese listed companies in 2020. The results show a significant positive peer effect of enterprises' green innovation, and the green innovation of individual enterprises increases by 0.869 for each unit increase in industry‐average green innovation. Further research shows that market power is the channel by which peer influence affects an enterprise's green innovation. Moreover, regional heterogeneity exists in the strength of the peer effect, which varies according to firm maturity and board size. These findings provide a reference for enterprises and governments to promote green transformation.

Does environmental information disclosure drive corporate sustainable growth? A new insight into U-shaped relationship

Due to the increasing rate of economic development and the increasingly serious problem of environmental degradation, environmental information disclosure has become an important basis for promoting carbon peaking and carbon neutrality, and an important way for enterprises to carry out green governance to achieve sustainable development. This study uses empirical research methods to analyze the relationship between environmental information disclosure and corporate sustainable growth in the context of green governance using panel data of Chinese A-share listed companies in Shanghai and Shenzhen from 2012 to 2021. The empirical tests conclude that there is a U-shaped relationship between environmental information disclosure and corporate sustainable growth, which decreases and then increases, and the U-shaped relationship is transmitted through innovation inputs. The U-shaped relationship between environmental information disclosure and corporate sustainable growth is weakened by firm size and enhanced by equity incentives. In addition, further group analysis reveals that the above U-shaped relationship is more significant in non-state enterprises than in state-owned enterprises.

Corporate employee performance mechanism based on incomplete information contest theory

Abstract Small and medium-sized enterprises (SMEs) are the mainstay of China’s social and economic development, and the implementation of performance appraisal systems in SMEs is an important way for enterprises to promote the growth of their employees, and each enterprise has a performance appraisal system that matches the characteristics of its own corporate culture. However, at present, objective factors such as the scale and operation of SMEs in China lead to the fact that employee performance appraisal cannot play a good role, and the decision-making level of SMEs understand the implementation of the performance appraisal for subordinate employees in a formal way, and cannot develop a performance appraisal system that is in line with the enterprise itself by combining with its development status. A reasonable performance appraisal system can improve the corporate cohesion and industry competitiveness of the company’s employees. The imperfection of the current corporate employee performance mechanism is not addressed, and the planning of objective employees is not uniform and reasonable enough. This paper constructs a model by analyzing many factors influencing the implementation of performance appraisal systems in SMEs and combining them with incomplete information race theory. Ultimately, we explore the strategies and methods of the performance appraisal for SMEs, cultivate talents for SMEs, enhance the sense of belonging and creativity of enterprise employees, and provide a strong guarantee for enterprise development.

The Double-Edged Sword Effect of Protean Career Attitude on Employee Deviant Innovation

Deviant innovation is an important way for enterprises to break through innovation bottleneck. With the reshaping of employment relationship, the self-oriented and value-driven protean career attitude has gradually attracted academic attention. Based on self-determination theory, conservation of resources theory and affective events theory, this paper explores the dual-path mechanism and boundary condition of the impact of protean career attitude on deviant innovation, and constructs a theoretical model: protean career attitude promotes deviant innovation through harmonious work passion and inhibits deviant innovation through workplace loneliness, supervisor developmental feedback positively moderates the relationship between the protean career attitude and harmonious work passion, negatively moderates the relationship between the protean career attitude and workplace loneliness, and moderates the indirect dual-path effect of the protean career attitude on the deviant innovation through the harmonious work passion and workplace loneliness.

A Study on the Impact Mechanism of Digitalization on Corporate Green Innovation

With the wide application of digital technologies such as big data, cloud computing and 5G technology, the digital transformation of enterprises provides new ways for enterprises to enhance green innovation and achieve sustainable development. Starting from the resource-based view and combining signaling theory and stakeholder theory, this article empirically analyzes the impact of enterprise digitalization level on green innovation by examining the effect of enterprise digitalization level on green innovation and the inner transmission mechanism. The results show that (1) the digitalization level of enterprises can promote the improvement of green innovation, and this is not affected by the nature of property rights and the region of enterprises; (2) there is a partial mediating effect of government subsidies in the relationship between the digitalization level of enterprises and green innovation, and enterprises can obtain more innovation resources and thus promote green innovation through the improvement of digitalization level, and this effect is stronger in enterprises in eastern regions than in other regions; (3) The relationship between digitalization level and green innovation is positively affected by the fulfillment of corporate social responsibility, and the promotion effect of digitalization level on green innovation is strengthened as the degree of fulfillment of corporate social responsibility increases. This article reveals the ways in which digitalization level influences enterprise green innovation, which further enriches the theoretical study of enterprise green innovation. The article provides policy suggestions for the government to improve the level of corporate green innovation and achieve the dual carbon goal; it also provides references for enterprises to build a multi-level influence mechanism to promote the improvement of the green innovation level based on the stakeholder theory.

Tax reduction, technological progress, and energy efficiency improvement: A quasi-natural experiment from China

Tax reduction is an important way for governments to conduct macroeconomic regulation and may improve energy efficiency by incentivizing technological progress in firms. Based on the exogenous impact of VAT reform in China, this study constructs a difference-in-differences model using industrial firms, pollution and patent data to investigate the impact and mechanism of tax reduction on firms’ energy efficiency. The empirical results show that: (1) Tax reduction can significantly improve the firms’ energy efficiency by 6.3%, and this effect is increasing over time. (2) Mechanistic analysis shows that capital renewal, energy use restructuring and technological innovation are important ways for enterprises to improve energy efficiency. (3) Firm-level heterogeneity analysis shows that tax reduction has a stronger energy efficiency improvement effect on firms with low financing costs, high market share, and receiving government subsidies. Regional heterogeneity analysis shows that firms located in regions with high marketization and low tax effort are more likely to benefit from tax reduction. This study provides theoretical and empirical support for energy efficiency improvements achieved by tax reduction, and provides an important reference for the optimal design of tax reduction policies.

Supply chain plastic footprint analysis

Plastic is one of the most basic materials for many industries. Enterprise, as an important stakeholder in plastic pollution control, still lack methodology for investigating the performance of mitigating its plastic pollution. In this work, we proposed a methodology, integrating material flow analysis, life cycle analysis, and scenario analysis for analyzing plastic footprint (incl., material and environmental footprint) at enterprise level and from the perspective of supply chain. A clothing enterprise was chosen as the studied case, and three pathways of plastic reduction were analyzed, incl., reducing unnecessary plastic packaging, using alternative materials, and using recycled materials. The indexes of the plastic footprint of the case enterprise were obtained. In 2019, the weight of plastic packaging used by the case enterprise was 1,949.10 t. The average weight of plastic packaging used for each garment was 19.67 g. The weight of plastic packaging consumed per 10,000 USD of revenue was 0.25 kg. It was found that promoting lightweight plastic materials in supply chain (∼14% reduction in thickness of plastic packaging bags), reducing unnecessary plastic use within the enterprise, increasing the number of plastic packaging cycles (∼50% reused), and using recycled plastic materials (∼15%) are effective ways for enterprises to achieve environmental benefits.