Research on the Influence of Business Convergence of Listed Tourism Companies on Enterprise Performance

Studying the impact of business convergence on enterprise performance can provide empirical basis for enterprises to formulate the integrated development strategy.The business convergence degree of 28 listed tourism companies was measured by Herfindahl index,and the impact of business convergence on business performance and the moderating effect of enterprise innovation ability were discussed.The results showed that the business convergence level of listed tourism companies varied greatly.Business convergence had a significant positive impact on short-term profitability of tourism enterprises,and a significant negative impact on the growth of enterprises.Innovation ability had a positive moderating effect on the impact of business convergence on enterprise profitability,but had no significant moderating effect on the impact of business convergence on enterprise growth.The results suggest that at the present stage,the business convergence of listed tourism companies is helpful to improve the profitability of enterprises in the short term,but it does not significantly promote the long-term growth of enterprises.

Ports and Shipping Companies Have Outstanding Performances

Access Report on Performances of Listed Ports and Shipping Com- panies in 2007,by International Economy Research Institute of Dalian Maritime University(DMU),was issued. According to the report,Shenzhen Chi- wan Wharf Holdings Limited(CWH),

Influence of increased shares on the performance of liquor listed companies:A factor-based analysis

With the gradual deepening of the reform of the shareholding system,more and more shareholders of listed companies have taken measures to increase their shareholdings to absorb capital,while at the same time achieving the purpose of delivering good news to the market.This article uses the liquor industry as an analysis sample to build six categories of enterprise performance index evaluation systems for debt solvency,development capability,operating capability,per share capability,cash flow capability and profitability.Through factor analysis,it has been shown that the increase in shares of liquor listed companies can improve the performance of enterprises to a certain extent,but the effect of the increase in shares is also affected by other factors such as the size of the enterprise,the operation and management of the company,and the image of the product market.According to the empirical conclusion,it is proposed that on the one hand,the company should increase its shareholdings reasonably according to the company’s own situation.On the other hand,it needs to focus on the current problems of the enterprise and properly solve the current dilemma of the enterprise.Finally,according to the degree of impact of various indicators involved in the empirical test on corporate performance,it is believed that liquor listed companies need to focus on optimizing corporate asset structure and improving product sales,and on the basis of improving profitability and asset return,they should pay attention to corporate cash flow.

Empirical Analysis of the Relationship Between Altman’s Z-Score and Stock Performance Based on Airline Companies Listed in the United States

This research looks at any relevance between Altman’s Z-score and the stock market performance of airline companies in the United States(US).Nearly a thousand pieces of data on various aspects of operation and financial status from 81 airline companies in the US are available.Additionally,stock return is used as an indicator of firm stock performance in this paper.In order to satisfy the purpose of determining the relationship between Z-score and stock performance as well as what may be inferred from high stock returns with regard to Z-score,two different regression processes are carried out.The first regression tests the relationship between Z-score and stock return,while the second regression examines whether there is a difference in Z-scores between well-performing airline companies and poorly performing ones using dummy variables.The results reveal that there is a significant positive correlation between the Z-scores of US airline companies and their stock performance;besides,high stock returns potentially imply relatively high Z-scores and vice versa.Therefore,one of the crucial steps that US airline companies must make is to strengthen their balance sheets in order to draw investors to make investments in their businesses.

Empirical Analysis of Determinant Factors of the Corporate Performance of Life Insurance Companies in China

The life insurance industry in China still stays at a primary stage of development. It is characterized by small size, low penetration, and low density. Nevertheless, China’s large population, together with the emerging middle class, and the continuously improving social and economic environment, promise the life insurance industry a bright future. The government’s limited pension reserves cannot effectively deal with the aging problem, implying that commercial insurance companies are bound to play a more critical role in alleviating the aging problem. In 2014, Chinese government issued a series of favorable policies. Life insurance companies are now allowed to invest a certain proportion of premium in high risk issues and set the return on investment (ROI) of saving insurance products higher than 2.5%. Changes in external factors and policies prompt life insurance companies to change their operation mode so that they can meet the market demand. This paper empirically analyzes operational factors (such as structure of distribution channels, structure of products, human resource, market power, etc.) that affect the corporate performance of Chinese life insurance companies. The paper aims to help life insurance companies choose a proper distribution channel, focus marketing expenses and R&D on the right product, set the scale and the salesman team at a rational size, and adjust the compensation ratio to a rational level. The data are gathered from 36 high-ranked Chinese life insurance companies from 2010 to 2014. The panel data set is analyzed via fixed effect model and panel threshold model. To avoid spurious regression, a series of preliminary tests are conducted. The results show that percentage of revenue from bancassurance channel, percentage of revenue from specialized insurance agencies, percentage of revenue from saving product, percentage of revenue from group product, size of insurers, market share of insurers, and solvency rate all have negative effect on the corporate performance of life insurance companies. If an insurer were a subsidiary of a bank, its percentage of revenue from bancassureance would have a positive effect on its corporate performance. The paper contributes to existing literature on how particular distribution channels and products of Chines life insurance companies affect their corporate performance.

The Relationship between the Performance of Listed Companies in Pharmaceutical Manufacturing and Inventory Turnover, Operating Rate

As an important part of the pharmaceutical industry, the pharmaceutical manufacturing industry is always at the battlefield of the international public health and health industry. At the same time, as a basic and strategic sub-industry in China's manufacturing industry, the medical manufacturing industry closely related to people’s livelihood which is not only related to social Responsibility but also plays a key role in China's economy today. For the Chinese people, the new medical reforms and the irreversible aging of the population have increased the nation’s total expenditure on health care. From January to October 2017, the pharmaceutical industry’s main business income was RMB 2,410.29 billion, a year-on-year increase of 13.10%. This is a 4.50 percentage point higher than the 10.30% growth rate in 2016. However, even if the circumstance of this industry is getting better, high growth also has a drag on the national health insurance system and the standard of living of the people. This article chooses to analyze the financial and operating-level factors of China's pharmaceutical manufacturing listed companies such as Inventory turnover rate and operating rate. Study the impact on the performance of China's pharmaceutical manufacturing listed companies. The results of the study will fill gaps in the research of this industry and help pharmaceutical manufacturing listed companies choose the right capital size, liabilities, and expansion strategies, and more effectively absorb the current development dividends of China’s “four new economy”, and use them rationally and effectively. Markets and complex and limited capital and resources of enterprises, as China's industry benchmarks continue to guide the rapid growth of the market. on the other hand, to help investor the empirical point of view better choice of investment targets. This paper uses data from 2007-2016 for randomly selecting 19 companies from 118 medical manufacturing listed companies classified by China Securities Regulatory Commission. After dealing with panel data, multiple inspections are performed on panel data. To avoid the deviation from the actual level of the regression results, the panel-corrected standard deviation model was used to derive the relationship between the operating-level factors of pharmaceutical manufacturing listed companies and their performance. The results of the study indicate that there is a positive correlation between Inventory turnover rate, operating rate and performance, which fills the domestic empirical research on this issue. This area of industry company performance is blank.

Management Practices:Shaping Employee Satisfaction and Commitment in Large German Companies

The rapid evolution of the political,economic,and social landscape has generated increased interest in understanding the contextual application of management styles and behaviours toward employees.In this context,organizations must comprehend and assess employee satisfaction to enhance productivity and realize their strategic and economic goals.Therefore,this study aims to investigate the prevailing and significant management behaviours toward employees in large German companies and their impact on employee satisfaction and job commitment.To achieve the research objective,the study will employ a qualitative method to explore management behaviours toward employees.Data were collected through interviews with randomly selected managers from different companies and departments.The study aims to uncover discrepancies or variations in employee expectations regarding management behaviour.The findings will provide a better understanding of the most prevalent and significant management behaviours toward employees in large German companies and their impact on employee satisfaction and job commitment.The results will be valuable to management in adopting suitable leadership styles and improving employee satisfaction,leading to increased productivity and organizational performance.The research will contribute to the existing body of knowledge in the field of management and human resource management by providing insights into the impact of management behaviours on employees.It will also offer recommendations to management on how to enhance employee satisfaction and job commitment,leading to improved organizational performance.In conclusion,this study will investigate the prevailing management behaviours toward employees in large German companies and their impact on employee satisfaction and job commitment.

Research on the Relationship between Corporate Social Responsibility and Financial Performance Based on Grey Correlation Analysis: Taking the Smartphone Company as an Example

In order to explore the relationship between the corporate social responsibility (CSR) and financial performance in different CSR cultures, this paper respectively takes four representative smartphone companies in China, the United States, Japan and Korea as research objects, that is Huawei, Apple, Sony and Samsung smartphone companies. Then, dividing the CSR into five dimensions i.e. shareholder, customer, supplier, technology innovation and government and establishing the grey correlation model to empirically analyze the relationship between CSR and financial performance. The results indicate that for HUAWEI, the CSR performance in shareholder, customer and technology innovation have greater impact on its financial performance;for Apple, the CSR performance in shareholder, technology innovation and customer has greater impact on its financial performance;for SONY, the CSR performance in technology innovation, customer and shareholder has greater impact on its financial performance;for Samsung, the CSR performance in technology innovation, government and shareholder has greater impact on its financial performance.

Development approaches of energy performance contracting under the era of ＂Internet ＋ ＂

Due to ＂zero cost＂ investment, energy performance con-tracting has attracted much attention, and the ＂Internet ＋ ＂ has givenits new development opportunities. This paper first emphasizes the im-portance of the development of energy performance contracting andanalyzes the main problems in its traditional development. Then, com-bining with the background of ＂Internet ＋ ＂,this paper puts forwardthe ＂1 marketing ＋ 4 platform＂ model, based on the whole networkmarketing,online trading platform,Internet financial service platform,remote project supervision platform, production and research networkplatform, to promote the development of energy performance contrac-ting, Finally, from the government, energy services company, industryassociations and energy units, put some recommendations to explorethe ＂Internet ＋ contract energy management＂ to further develop.

The Investigation and Research of the Performance Appraisal of R&D Personnel in R Company

Objective To improve the creativity and enthusiasm of R&D personnel in R Company.Methods The status quo of the performance assessment of R&D personnel in R Company was studied through questionnaire and interview survey.Factor analysis and multiple linear regression method were used to find out the core factors affecting the expectation of employee performance optimization,and the regression equation of employee performance optimization was established.Results and Conclusion R&D personnel in R Company have low satisfaction with the current performance appraisal and strong self-actualization needs,so they expect to optimize the performance appraisal.The objectives and key results(OKR),a management goal-setting system,can make up the deficiencies of R&D personnel’s current performance assessment in R Company,which meets their self-realization needs to a greater extent,thus stimulating their productivity.