That SOEs are inefficient is still a consensus in most economic literature. However, in recent studies, more and more arguments are made in favor of the efficiency of SOEs, yet existing empirical studies are mostly ba...That SOEs are inefficient is still a consensus in most economic literature. However, in recent studies, more and more arguments are made in favor of the efficiency of SOEs, yet existing empirical studies are mostly based on production industry data as samples. On the basis of adopting distribution samples and conducting a cross-sector comparison between the production industry and the distribution sector, this paper offers a multi-perspective empirical assessment on the efficiency of SOEs. Through the analysis of major JTnancial indicators and adopting the Data Envelopment Analysis-Malmquist index for total factor productivity comparison, we find that SOEs generally do not have any disadvantage in efficiency and their superior efficiency is particularly pronounced in the distribution sector as compared with production industry. Moreover, the high share and high efficiency of state capital in the wholesale sector needs particular attention. This paper employs case studies to reveal the positive correlation between the assets-heavy operation of state-owned wholesale firms and their profitability. The implications are as follows： policymakers must deliberate prudently before deciding to withdraw or increase state capital in various sectors; in the wholesale sector where state capital is more efficient, the functions of state capital can be bolstered by increasing its presence in the sector,＂ the notion that state capital must be withdrawn from competitive sectors cannot be adopted likely, nor should the benefits of asset-light operation be exaggerated.展开更多
The paper studies an effective way for Chinese enterprises to implement Total Productive Maintenance （TPM） to cut cost and increase efficiency under the impact of financial crisis. It first reviews the definition an...The paper studies an effective way for Chinese enterprises to implement Total Productive Maintenance （TPM） to cut cost and increase efficiency under the impact of financial crisis. It first reviews the definition and objectives of TPM, clarifies how TPM supports lean objectives, and suggests seven steps and essential elements for Chinese enterprises to implement TPM systematically and successfully. The paper also puts the steps and essential elements into practice in a Chinese enterprise, which are proven effective and we hope the proposals are helpful for Chinese enterprises to change their extensive operation in equipment management.展开更多
Research topic of this paper includes importance of theoretical knowledge on performance of firms＇ professionals. Research question is how theory affects the performance. Answer might become thorough competence of pr...Research topic of this paper includes importance of theoretical knowledge on performance of firms＇ professionals. Research question is how theory affects the performance. Answer might become thorough competence of professionals and task performance. With this sense, two case studis are obtained from Drucker＇s works （2009; 2015）. Therefore, research method covers case study approaches. Furthermore, firms produce national GDP in an economy. There are several functions in firm management, and managers operate those functions. They are logistics, supply, stock, finance, accounting, marketing, production, etc. All have managers such as accounting manager, finance manager, marketing manager, etc. Performance of managers is crucial to fLrm performance. Because performance of managers might become one determinator of firm performance. Therefore, HRM may have an impact on GDP through managers. Because productions and sales of firms affect GDPs on an economy. Moreover, professionals or managers must have theoretical knowledge in their field. Because theoretical knowledge increases their performance at work. In conclusion, study reveals that managers may have impact on firm performance; and theory may increase task performance of employees.展开更多
Sustainable development is seen as a way to end extreme poverty, promote economic growth, and advance environmental sustainability and reduce gender inequality. Sustainable development is embedded in the Gross Domesti...Sustainable development is seen as a way to end extreme poverty, promote economic growth, and advance environmental sustainability and reduce gender inequality. Sustainable development is embedded in the Gross Domestic Product （GDP） of a nation and GDP is used as an indicator of the economic health of a country and also as a way of measuring a country＇s standard of living. Accelerating sustainable development requires the involvement of businesses to play a role in creating economic growth and job creation. The understanding is that when businesses invest in capital that is used in the production of goods, they create employment which in turn helps boost the people＇s standard of living as they earn some income. However, accelerating sustainable development has a beating on employee empowerrnent where workers are paid living wages to meet their fundamental needs, job security, and right to join a trade union and working in an environment free of sexual harassment.展开更多
Pesticide packaging waste in Thailand has recently been valued as a kind of commercial product. Selling empty pesticide packaging to reuse/recycling business has been increased in all over the country. Subject to the ...Pesticide packaging waste in Thailand has recently been valued as a kind of commercial product. Selling empty pesticide packaging to reuse/recycling business has been increased in all over the country. Subject to the resource conservation and global climate change, this could be defined as sustainable or green consumption for the most beneficial use of natural resources. However, on the point of environmental and public health, this is the way to disperse harmfulness of pesticide into non-target areas. Human and environmental health risk of exposure due to pesticide residue in such packaging waste could be a co-incident. This paper was aimed to determine a practical model for pesticide packaging waste management appropriate for Thailand based on the context of country＇s circumstances and the best practices reported around the world. Establishing some necessary components has been proposed, i.e. multiple rinse method applied by farmers conscientiously, central collecting site driven by local community, waste recovery program offered by pesticide production enterprises, and sanitary glass bottle washing plant registration and regulations launched by the government. In conclusion, governmental initiative and all stakeholders including in pesticide packaging waste supply chain should be encouraged to contribute their participation towards sustainable management.展开更多
This article,which is based on panel data of Chinese state-owned industrial enterprises over the period 2006-2011,analyzes Labor reallocation Efficiency of State-Owned Enterprises with Syrquin＇s analysis of the total...This article,which is based on panel data of Chinese state-owned industrial enterprises over the period 2006-2011,analyzes Labor reallocation Efficiency of State-Owned Enterprises with Syrquin＇s analysis of the total Reallocation effect of Resources. The results show that：①Labor allocation efficiency keeps a high level all the time;②The contribution that labor Reallocation efficiency makes to the growth of labor productivity has been at a low rate. Therefore, our government had better deepen the reform of state-owned enterprises and the evolvement of marketization展开更多
Small and medium enterprises are the main institutional medium of the European economy. This is also recognized by the government of the Republic of Croatia, which emphasizes their importance and values their dynamism...Small and medium enterprises are the main institutional medium of the European economy. This is also recognized by the government of the Republic of Croatia, which emphasizes their importance and values their dynamism and capability for revitalizing the Croatian economy, and supports this by ways of subsidies. But, for all the effort, the economic position of small and medium enterprises in the terms of globalization is becoming more complex and uncertain, limited by time and more demanding. This does not correspond with the thesis which states that in the environment and conditions of the modem market economy, which is dynamised by progress in science, technology, information and communication, entrepreneurship has manifested a progressive dimension with the character and needs of all economic activity, as well as a tendency to achieve set objectives and generate change. Recently, after the repeated recession, which was encumbered by the effects of the one before, the conditions of doing business and survival for small and medium enterprises have changed significantly in a negative sense. So, there is a justified cause for questioning earlier stances about small and medium enterprises and their capability to be a motor of development of the Croatian economy, as well as to reevaluate their influence in the context of GDP growth, to focus on the importance and prevalence of certain sectors of the economy, to critically evaluate economic measures which do not lead to a reduction in unemployment and to define the requirements for future development of the small and medium enterprises, which implicates the increased economic efficiency, quality and living standards.展开更多
This paper proposes and examines four basic organizational modes of production fragmentation＇in manufacturing industries based on three case studies. Our study shows that manufacturing enterprises weigh technology an...This paper proposes and examines four basic organizational modes of production fragmentation＇in manufacturing industries based on three case studies. Our study shows that manufacturing enterprises weigh technology and cost against the intensity of market competition in their choice of mode and the corresponding extent of production fragmentation, in industries where competition is less intense, enterprises prioritize technology concern and are inclined to choose an internally integrated organizational mode, characterized by independent investment in building their own manufacturing plants. In industries where competition is more intense, enterprises prioritize cost concern and are inclined to adopt an outsourcing-based organizational mode, characterized by maximizing the usage of third-party facilities. In sum, more intense competition prompts enterprises to seek efficiency by relying on a broader range of manufacturing locations, suppliers, and partners and, thus, to adopt more open organizational modes. We argue that a deeper understanding of how enterprises select organizational modes, combined with strategic policy aimed at promoting openness in manufacturing industries, will enhance the role of China＇s industries in the global production chain.展开更多
Analysis of the problem of predicting bankruptcy shows that foreign and domestic models included only internal factors of enterprises. But the same indicators of internal factors in the rapidly changing external envir...Analysis of the problem of predicting bankruptcy shows that foreign and domestic models included only internal factors of enterprises. But the same indicators of internal factors in the rapidly changing external environment can lead to bankruptcy, and not in others. External factors are the most dangerous, because the possible influence on them is minimal and the impact of their implementation can be devastating. This paper focuses on the same factors to assess the impact of the macroeconomic indicators （extemal factors） on the parameters of static models predicting a local approximation of the crisis at the plant. To accomplish the purpose, a Spark set of 100 companies was compiled, including 50 companies which officially declared bankruptcy in the period of 2000-2009 and 50 stable operating companies with a random sample of the same time period. External factors were extracted from the Joint Economic and Social Data Archive1 The author compared two data sets： （1） microeconomic indicators--money to the total liabilities, retained earnings to total assets, net profit to revenue, Earnings Before Interest and Taxes （EBIT） to assets, net income to equity, net profit to total liabilities, current liabilities to total assets, the totality of short-term and long-term loans to total assets, current assets to current liabilities, assets to revenue, equity to total assets, and current assets to revenue; and （2） external factors--index of real gross domestic product （GDP）, industrial production index, the index of real cash incomes, an index of real investments, consumer price index, the refinancing rate, unemployment rate, the price of electricity, gas prices, oil price, gas price, dollar to ruble, ruble euro Standard ＆ Poor （S＆P） index, the Russian Trading System （RTS） index, and region. The aim of the comparison results paging classes ＂insolvent＂ and ＂non-bankrupt＂ is achieved using two methods： classification and discrimination. In both methods, computational procedures are realized with the use of algorithms linear regression, artificial neural network, and genetic algorithm. In the 2-m model, data set includes both internal and external factors. The results showed that the inclusion of only the microeconomic indicators, excluding external factors, impedes models about two times.展开更多
文摘That SOEs are inefficient is still a consensus in most economic literature. However, in recent studies, more and more arguments are made in favor of the efficiency of SOEs, yet existing empirical studies are mostly based on production industry data as samples. On the basis of adopting distribution samples and conducting a cross-sector comparison between the production industry and the distribution sector, this paper offers a multi-perspective empirical assessment on the efficiency of SOEs. Through the analysis of major JTnancial indicators and adopting the Data Envelopment Analysis-Malmquist index for total factor productivity comparison, we find that SOEs generally do not have any disadvantage in efficiency and their superior efficiency is particularly pronounced in the distribution sector as compared with production industry. Moreover, the high share and high efficiency of state capital in the wholesale sector needs particular attention. This paper employs case studies to reveal the positive correlation between the assets-heavy operation of state-owned wholesale firms and their profitability. The implications are as follows： policymakers must deliberate prudently before deciding to withdraw or increase state capital in various sectors; in the wholesale sector where state capital is more efficient, the functions of state capital can be bolstered by increasing its presence in the sector,＂ the notion that state capital must be withdrawn from competitive sectors cannot be adopted likely, nor should the benefits of asset-light operation be exaggerated.
文摘The paper studies an effective way for Chinese enterprises to implement Total Productive Maintenance （TPM） to cut cost and increase efficiency under the impact of financial crisis. It first reviews the definition and objectives of TPM, clarifies how TPM supports lean objectives, and suggests seven steps and essential elements for Chinese enterprises to implement TPM systematically and successfully. The paper also puts the steps and essential elements into practice in a Chinese enterprise, which are proven effective and we hope the proposals are helpful for Chinese enterprises to change their extensive operation in equipment management.
文摘Research topic of this paper includes importance of theoretical knowledge on performance of firms＇ professionals. Research question is how theory affects the performance. Answer might become thorough competence of professionals and task performance. With this sense, two case studis are obtained from Drucker＇s works （2009; 2015）. Therefore, research method covers case study approaches. Furthermore, firms produce national GDP in an economy. There are several functions in firm management, and managers operate those functions. They are logistics, supply, stock, finance, accounting, marketing, production, etc. All have managers such as accounting manager, finance manager, marketing manager, etc. Performance of managers is crucial to fLrm performance. Because performance of managers might become one determinator of firm performance. Therefore, HRM may have an impact on GDP through managers. Because productions and sales of firms affect GDPs on an economy. Moreover, professionals or managers must have theoretical knowledge in their field. Because theoretical knowledge increases their performance at work. In conclusion, study reveals that managers may have impact on firm performance; and theory may increase task performance of employees.
文摘Sustainable development is seen as a way to end extreme poverty, promote economic growth, and advance environmental sustainability and reduce gender inequality. Sustainable development is embedded in the Gross Domestic Product （GDP） of a nation and GDP is used as an indicator of the economic health of a country and also as a way of measuring a country＇s standard of living. Accelerating sustainable development requires the involvement of businesses to play a role in creating economic growth and job creation. The understanding is that when businesses invest in capital that is used in the production of goods, they create employment which in turn helps boost the people＇s standard of living as they earn some income. However, accelerating sustainable development has a beating on employee empowerrnent where workers are paid living wages to meet their fundamental needs, job security, and right to join a trade union and working in an environment free of sexual harassment.
文摘Pesticide packaging waste in Thailand has recently been valued as a kind of commercial product. Selling empty pesticide packaging to reuse/recycling business has been increased in all over the country. Subject to the resource conservation and global climate change, this could be defined as sustainable or green consumption for the most beneficial use of natural resources. However, on the point of environmental and public health, this is the way to disperse harmfulness of pesticide into non-target areas. Human and environmental health risk of exposure due to pesticide residue in such packaging waste could be a co-incident. This paper was aimed to determine a practical model for pesticide packaging waste management appropriate for Thailand based on the context of country＇s circumstances and the best practices reported around the world. Establishing some necessary components has been proposed, i.e. multiple rinse method applied by farmers conscientiously, central collecting site driven by local community, waste recovery program offered by pesticide production enterprises, and sanitary glass bottle washing plant registration and regulations launched by the government. In conclusion, governmental initiative and all stakeholders including in pesticide packaging waste supply chain should be encouraged to contribute their participation towards sustainable management.
文摘This article,which is based on panel data of Chinese state-owned industrial enterprises over the period 2006-2011,analyzes Labor reallocation Efficiency of State-Owned Enterprises with Syrquin＇s analysis of the total Reallocation effect of Resources. The results show that：①Labor allocation efficiency keeps a high level all the time;②The contribution that labor Reallocation efficiency makes to the growth of labor productivity has been at a low rate. Therefore, our government had better deepen the reform of state-owned enterprises and the evolvement of marketization
文摘Small and medium enterprises are the main institutional medium of the European economy. This is also recognized by the government of the Republic of Croatia, which emphasizes their importance and values their dynamism and capability for revitalizing the Croatian economy, and supports this by ways of subsidies. But, for all the effort, the economic position of small and medium enterprises in the terms of globalization is becoming more complex and uncertain, limited by time and more demanding. This does not correspond with the thesis which states that in the environment and conditions of the modem market economy, which is dynamised by progress in science, technology, information and communication, entrepreneurship has manifested a progressive dimension with the character and needs of all economic activity, as well as a tendency to achieve set objectives and generate change. Recently, after the repeated recession, which was encumbered by the effects of the one before, the conditions of doing business and survival for small and medium enterprises have changed significantly in a negative sense. So, there is a justified cause for questioning earlier stances about small and medium enterprises and their capability to be a motor of development of the Croatian economy, as well as to reevaluate their influence in the context of GDP growth, to focus on the importance and prevalence of certain sectors of the economy, to critically evaluate economic measures which do not lead to a reduction in unemployment and to define the requirements for future development of the small and medium enterprises, which implicates the increased economic efficiency, quality and living standards.
文摘This paper proposes and examines four basic organizational modes of production fragmentation＇in manufacturing industries based on three case studies. Our study shows that manufacturing enterprises weigh technology and cost against the intensity of market competition in their choice of mode and the corresponding extent of production fragmentation, in industries where competition is less intense, enterprises prioritize technology concern and are inclined to choose an internally integrated organizational mode, characterized by independent investment in building their own manufacturing plants. In industries where competition is more intense, enterprises prioritize cost concern and are inclined to adopt an outsourcing-based organizational mode, characterized by maximizing the usage of third-party facilities. In sum, more intense competition prompts enterprises to seek efficiency by relying on a broader range of manufacturing locations, suppliers, and partners and, thus, to adopt more open organizational modes. We argue that a deeper understanding of how enterprises select organizational modes, combined with strategic policy aimed at promoting openness in manufacturing industries, will enhance the role of China＇s industries in the global production chain.
文摘Analysis of the problem of predicting bankruptcy shows that foreign and domestic models included only internal factors of enterprises. But the same indicators of internal factors in the rapidly changing external environment can lead to bankruptcy, and not in others. External factors are the most dangerous, because the possible influence on them is minimal and the impact of their implementation can be devastating. This paper focuses on the same factors to assess the impact of the macroeconomic indicators （extemal factors） on the parameters of static models predicting a local approximation of the crisis at the plant. To accomplish the purpose, a Spark set of 100 companies was compiled, including 50 companies which officially declared bankruptcy in the period of 2000-2009 and 50 stable operating companies with a random sample of the same time period. External factors were extracted from the Joint Economic and Social Data Archive1 The author compared two data sets： （1） microeconomic indicators--money to the total liabilities, retained earnings to total assets, net profit to revenue, Earnings Before Interest and Taxes （EBIT） to assets, net income to equity, net profit to total liabilities, current liabilities to total assets, the totality of short-term and long-term loans to total assets, current assets to current liabilities, assets to revenue, equity to total assets, and current assets to revenue; and （2） external factors--index of real gross domestic product （GDP）, industrial production index, the index of real cash incomes, an index of real investments, consumer price index, the refinancing rate, unemployment rate, the price of electricity, gas prices, oil price, gas price, dollar to ruble, ruble euro Standard ＆ Poor （S＆P） index, the Russian Trading System （RTS） index, and region. The aim of the comparison results paging classes ＂insolvent＂ and ＂non-bankrupt＂ is achieved using two methods： classification and discrimination. In both methods, computational procedures are realized with the use of algorithms linear regression, artificial neural network, and genetic algorithm. In the 2-m model, data set includes both internal and external factors. The results showed that the inclusion of only the microeconomic indicators, excluding external factors, impedes models about two times.
