Global warming has increased people’s awareness of environmental protection and social responsibility,which is also reflected in the way they invest,with environmental,social and corporate governance aspects starting...Global warming has increased people’s awareness of environmental protection and social responsibility,which is also reflected in the way they invest,with environmental,social and corporate governance aspects starting to receive more attention.The purpose of this study is to investigate how environmental,social,and governance(ESG)performance,as measured by ESG risk assessment,affects corporate value.The population of this study consists of his 90 companies registered in his IDXESGL using a sampling method based on purposive sampling,and the total sample includes his 60 companies.The data analysis method used is a simple linear regression test.The findings of this study show that ESG risk assessment influences corporate value.展开更多
Among the existing researches on brand value,few of them focused on the demands of the companies in the clothing industry to brand value. There were three innovation points as follows: first of all,two key demands of ...Among the existing researches on brand value,few of them focused on the demands of the companies in the clothing industry to brand value. There were three innovation points as follows: first of all,two key demands of apparel companies to existing brand value were summarized through investigation; then,the concept of rapid brand value evaluation and multi-dimensional factors( MDFs) was presented; finally,the relationship between apparel corporate brand value and the sales revenue in apparel market with the sales revenue was proven by empirical research.During the process of empirical study,the sales revenue data of 66 apparel enterprises domestic and abroad were collected,and the regression analysis has been done on the relationship between the corporate brand value and the apparel market sales revenue of apparel enterprise. The empirical research showed that they were positively correlated to each other. This conclusion presented a method of judging brand value development trend quickly by single indicator.展开更多
The basis of green development is the sustainable development of enterprises,and the core of enterprises'sustainable development is the transformation of business models through the reconstruction of corporate val...The basis of green development is the sustainable development of enterprises,and the core of enterprises'sustainable development is the transformation of business models through the reconstruction of corporate value.Under the paradigm of ecological civilization,the concept of ESG(Environmental,Social and Corporate Governance)is becoming an important force behind corporate value reconstruction,guiding enterprises to innovate business models in the direction of sustainability.Based on the idea of the dimensions of the"shareholder channel-industrial chain channel-consumer channel,"this paper builds up a theoretical framework to interpret how ESG creates corporate value through the shareholder channel,the industrial chain channel,and the consumer channel,and provides empirical tests.We find that:first,the sustainable transformation of shareholder preferences is the center for ESG's creation of corporate value;second,ESG performance helps reduce the transaction costs between upstream and downstream enterprises in industrial chains;and third,differences in ESG products create differentiated value for consumers.This study reveals the transformation of the direction and mode of corporate value creation in the course of green transition and provides micro-evidence of enterprises'transition toward ESG goals in the Chinese context.展开更多
Digital trade rules and higher positions of enterprises in the global value chain(GVC)are both important topics in the context of high-quality economic development.This paper refers to the data of RTA digital trade ru...Digital trade rules and higher positions of enterprises in the global value chain(GVC)are both important topics in the context of high-quality economic development.This paper refers to the data of RTA digital trade rules concluded by China in the TAPED database in 2000-2014 and the matched data in the WIOD database,the China Customs Import and Export Database and the China Industrial Enterprise Database to investigate the effects of digital trade rules on Chinese enterprises as to their ascending GVC positions.It finds that signing the RTA digital trade rules can steadily and significantly promote the position ascendance;compared with the digitalization rules on trading objects,signing the digitalization rules on trade modes produces greater effects of driving up the positions,which are realized mainly via the three channels of advancing cross-border flow of R&D factors,promoting corporate digital transformation,and improving professional management.Digital trade rules that are horizontally broader and vertically deeper are in greater favor of Chinese enterprises for ascending in the global value chain,which is especially evident among those in digital industry and processing trade.During the negotiations of digital trade rules,it's imperative to pay close attention to the rules on e-commerce cooperation,awareness of e-commerce importance,intellectual property protection,attempts in big data-related trade in goods,and cross-border data flow,so as to secure the core interests of Chinese enterprises in gaining higher positions.This paper offers great policy implications as to how to sign digital trade rules by China in the future and how to select partners in greater support for Chinese enterprises to ascend to the middle and high end of the global value chain.展开更多
文摘Global warming has increased people’s awareness of environmental protection and social responsibility,which is also reflected in the way they invest,with environmental,social and corporate governance aspects starting to receive more attention.The purpose of this study is to investigate how environmental,social,and governance(ESG)performance,as measured by ESG risk assessment,affects corporate value.The population of this study consists of his 90 companies registered in his IDXESGL using a sampling method based on purposive sampling,and the total sample includes his 60 companies.The data analysis method used is a simple linear regression test.The findings of this study show that ESG risk assessment influences corporate value.
基金Shanghai Style Fashion Design&Value Creation Knowledge Service Center,China(No.ZX201311000031)Shanghai Style Fashion Trend Research Based on Knowledge Management of the Fundamental Research Funds for the Central Universities,China(No.15D110719)Shanghai Style Fashion Trend Research Based on Cloud Computing of the Fundamental Research Funds for the Central Universities,China(No.15D11073)
文摘Among the existing researches on brand value,few of them focused on the demands of the companies in the clothing industry to brand value. There were three innovation points as follows: first of all,two key demands of apparel companies to existing brand value were summarized through investigation; then,the concept of rapid brand value evaluation and multi-dimensional factors( MDFs) was presented; finally,the relationship between apparel corporate brand value and the sales revenue in apparel market with the sales revenue was proven by empirical research.During the process of empirical study,the sales revenue data of 66 apparel enterprises domestic and abroad were collected,and the regression analysis has been done on the relationship between the corporate brand value and the apparel market sales revenue of apparel enterprise. The empirical research showed that they were positively correlated to each other. This conclusion presented a method of judging brand value development trend quickly by single indicator.
基金sponsored by the Basic Science Center project for the National Natural Science Foundation of China “Theory and Application of Resource and Environmental Management in Digital Era”(Project No. 72088101)the project of the National Natural Science Foundation of China “Research on the Influence Mechanism of Stock Price on Management Decision-based on a View for Price Feedback”(Project No. 72003200)
文摘The basis of green development is the sustainable development of enterprises,and the core of enterprises'sustainable development is the transformation of business models through the reconstruction of corporate value.Under the paradigm of ecological civilization,the concept of ESG(Environmental,Social and Corporate Governance)is becoming an important force behind corporate value reconstruction,guiding enterprises to innovate business models in the direction of sustainability.Based on the idea of the dimensions of the"shareholder channel-industrial chain channel-consumer channel,"this paper builds up a theoretical framework to interpret how ESG creates corporate value through the shareholder channel,the industrial chain channel,and the consumer channel,and provides empirical tests.We find that:first,the sustainable transformation of shareholder preferences is the center for ESG's creation of corporate value;second,ESG performance helps reduce the transaction costs between upstream and downstream enterprises in industrial chains;and third,differences in ESG products create differentiated value for consumers.This study reveals the transformation of the direction and mode of corporate value creation in the course of green transition and provides micro-evidence of enterprises'transition toward ESG goals in the Chinese context.
基金Major Project of National Social Science Fund of China"Research on China's Standards Governance and Reconstruction of Global Trade Rules"(17ZDA099)Youth Project of National Natural Science Foundation of China"Research on the Division of Labor Pattern,Functional Upgrading Effect,and Policy Optimization of China's Embedding into the Global Value Chain"(72203058).
文摘Digital trade rules and higher positions of enterprises in the global value chain(GVC)are both important topics in the context of high-quality economic development.This paper refers to the data of RTA digital trade rules concluded by China in the TAPED database in 2000-2014 and the matched data in the WIOD database,the China Customs Import and Export Database and the China Industrial Enterprise Database to investigate the effects of digital trade rules on Chinese enterprises as to their ascending GVC positions.It finds that signing the RTA digital trade rules can steadily and significantly promote the position ascendance;compared with the digitalization rules on trading objects,signing the digitalization rules on trade modes produces greater effects of driving up the positions,which are realized mainly via the three channels of advancing cross-border flow of R&D factors,promoting corporate digital transformation,and improving professional management.Digital trade rules that are horizontally broader and vertically deeper are in greater favor of Chinese enterprises for ascending in the global value chain,which is especially evident among those in digital industry and processing trade.During the negotiations of digital trade rules,it's imperative to pay close attention to the rules on e-commerce cooperation,awareness of e-commerce importance,intellectual property protection,attempts in big data-related trade in goods,and cross-border data flow,so as to secure the core interests of Chinese enterprises in gaining higher positions.This paper offers great policy implications as to how to sign digital trade rules by China in the future and how to select partners in greater support for Chinese enterprises to ascend to the middle and high end of the global value chain.