The aim of this research is to test to what extent do the classifying variables of company size, technological level and subcontractor nature moderate on the causal relationship between a finn＇s innovative capacities...The aim of this research is to test to what extent do the classifying variables of company size, technological level and subcontractor nature moderate on the causal relationship between a finn＇s innovative capacities and its competitiveness. To this end, we use a random sample of 861 manufactttring f＇Lrms with 10 or more employees from the Basque Autonomous Community （in Spain）, accounting for 26.29% of the population. Maximum sampling error is 2.87% for a 95% confidence interval. We start from a competitiveness general model of the firm, and set out under the resource based view of the finn, which had been previously tested and validated by Martinez （2009） for the whole sample. The model is formed with the constructs of management capabilities, innovative capabilities, marketing capabilities, quality capabilities, current competitiveness and future competitiveness. From this point, we test a set of alternative hierarchical models both for the total sample and for different divisions in sub-samples, according to the intervals of size in number of employees, OECD technological levels and firms＇ subcontractor character. The innovative capabilities construct is reflected in the items of radical product innovation, incremental product innovation, innovation in the production process, innovation in marketing, management innovation and the efforts in company workers＇ training and development. From all these items, previous descriptive data analysis showed that although product radical innovation was the most representative capability for superior innovativeness, it was at the same time the least evident from all the aforementioned items in the case of the analyzed Basque industrial companies. The analysis of results led us to conclude that the factor of innovative capabilities was the most influential on current competitiveness among the whole sample. In particular, as regards the size factor, this positive effect dilutes in the case of smaller companies. In the same manner, whereas in the case of the companies with higher technological level it is verified that the factor of innovative capabilities reveals crucial, in the group of fhans with lower technological level the most relevant factor is quality. Also, the same effect is evidenced for the case of the subcontractor/non-subcontractor nature of the finns： The first ones show quality as the most relevant construct while for the second ones it is the innovative capabilities.展开更多
The past several years have seen Chinese companies participating in a growing number of overseas M&A deals for increasing values.Most of China's state-owned enterprises' overseas M&A deals are in the r...The past several years have seen Chinese companies participating in a growing number of overseas M&A deals for increasing values.Most of China's state-owned enterprises' overseas M&A deals are in the resource and mining sectors,while private companies' deals are usually done to obtain advanced technologies and reputable brands.We can conclude,based on previous experiences,that small and medium-sized companies as well as those engaged in import substitution have a much greater chance for successful integration.Large companies and those with an export-orientated nature have slimmer chances for successful integration.The overseas M&A verification system the Chinese government practices is unfavorable for successful deals and the upgrade of Chinese companies.展开更多
The coronavirus outbreak has posed unprecedented challenges for small and micro enterprises,and in response this year’s government work report mentioned support for small and micro enterprises six times.Recently,the ...The coronavirus outbreak has posed unprecedented challenges for small and micro enterprises,and in response this year’s government work report mentioned support for small and micro enterprises six times.Recently,the person responsible at the National Reform and Development Commission said at the press conference of the State Council Information Office that it is important to work hard to ensure the stability of the industry chain and supply chain.A trend of anti-globalization has brought challenges to the supply chain in many sectors which will affect a lot of small and micro enterprises along the industrial and supply chains.How to save these companies out of this predicament?展开更多
Recently,the local cotton spot price in Yancheng,Jiangsu has risen slightly,and the price of yarn is also increasing slightly.Therefore,the production and operation of most small and medium-sized textile enterprises i...Recently,the local cotton spot price in Yancheng,Jiangsu has risen slightly,and the price of yarn is also increasing slightly.Therefore,the production and operation of most small and medium-sized textile enterprises is improving.Despite this,quite a few of the interviewed companies do not have large inventories,and the purchase of raw materials and the delivery of finished products are all controlled within a small amount(the average raw cotton inventory is about 1 month,and the product inventory is controlled at about 10 days).It is reported that there are relatively many orders from small and medium-sized yarn mills and cloth mills in the coastal areas of Jiangsu and Zhejiang.They focus on how to complete the order tasks and order continuity with quality and quantity.展开更多
A well-managed company is a company that maximizes the value of its company,which is aimed at achieving maximum profits for shareholders.This research aims to determine and analyze the influence of company size,profit...A well-managed company is a company that maximizes the value of its company,which is aimed at achieving maximum profits for shareholders.This research aims to determine and analyze the influence of company size,profitability,and financial leverage on the value of companies listed on the South Korean Stock Exchange KOSPI 2018-2022.The population consists of 8 South Korean K-Pop entertainment companies registered on KOSPI 2018-2022.The sampling technique used was purposive sampling with a total sample of 8 companies and a 5-year observation period.So that 40 data were processed.The analysis technique is multiple linear regression.The results obtained show that partially company size has no significant effect on company value,profitability has a significant positive effect on company value,and financial leverage has a significant negative effect on company value.Meanwhile,simultaneously company size,profitability,and financial leverage influence company value.展开更多
文摘The aim of this research is to test to what extent do the classifying variables of company size, technological level and subcontractor nature moderate on the causal relationship between a finn＇s innovative capacities and its competitiveness. To this end, we use a random sample of 861 manufactttring f＇Lrms with 10 or more employees from the Basque Autonomous Community （in Spain）, accounting for 26.29% of the population. Maximum sampling error is 2.87% for a 95% confidence interval. We start from a competitiveness general model of the firm, and set out under the resource based view of the finn, which had been previously tested and validated by Martinez （2009） for the whole sample. The model is formed with the constructs of management capabilities, innovative capabilities, marketing capabilities, quality capabilities, current competitiveness and future competitiveness. From this point, we test a set of alternative hierarchical models both for the total sample and for different divisions in sub-samples, according to the intervals of size in number of employees, OECD technological levels and firms＇ subcontractor character. The innovative capabilities construct is reflected in the items of radical product innovation, incremental product innovation, innovation in the production process, innovation in marketing, management innovation and the efforts in company workers＇ training and development. From all these items, previous descriptive data analysis showed that although product radical innovation was the most representative capability for superior innovativeness, it was at the same time the least evident from all the aforementioned items in the case of the analyzed Basque industrial companies. The analysis of results led us to conclude that the factor of innovative capabilities was the most influential on current competitiveness among the whole sample. In particular, as regards the size factor, this positive effect dilutes in the case of smaller companies. In the same manner, whereas in the case of the companies with higher technological level it is verified that the factor of innovative capabilities reveals crucial, in the group of fhans with lower technological level the most relevant factor is quality. Also, the same effect is evidenced for the case of the subcontractor/non-subcontractor nature of the finns： The first ones show quality as the most relevant construct while for the second ones it is the innovative capabilities.
文摘The past several years have seen Chinese companies participating in a growing number of overseas M&A deals for increasing values.Most of China's state-owned enterprises' overseas M&A deals are in the resource and mining sectors,while private companies' deals are usually done to obtain advanced technologies and reputable brands.We can conclude,based on previous experiences,that small and medium-sized companies as well as those engaged in import substitution have a much greater chance for successful integration.Large companies and those with an export-orientated nature have slimmer chances for successful integration.The overseas M&A verification system the Chinese government practices is unfavorable for successful deals and the upgrade of Chinese companies.
文摘The coronavirus outbreak has posed unprecedented challenges for small and micro enterprises,and in response this year’s government work report mentioned support for small and micro enterprises six times.Recently,the person responsible at the National Reform and Development Commission said at the press conference of the State Council Information Office that it is important to work hard to ensure the stability of the industry chain and supply chain.A trend of anti-globalization has brought challenges to the supply chain in many sectors which will affect a lot of small and micro enterprises along the industrial and supply chains.How to save these companies out of this predicament?
文摘Recently,the local cotton spot price in Yancheng,Jiangsu has risen slightly,and the price of yarn is also increasing slightly.Therefore,the production and operation of most small and medium-sized textile enterprises is improving.Despite this,quite a few of the interviewed companies do not have large inventories,and the purchase of raw materials and the delivery of finished products are all controlled within a small amount(the average raw cotton inventory is about 1 month,and the product inventory is controlled at about 10 days).It is reported that there are relatively many orders from small and medium-sized yarn mills and cloth mills in the coastal areas of Jiangsu and Zhejiang.They focus on how to complete the order tasks and order continuity with quality and quantity.
文摘A well-managed company is a company that maximizes the value of its company,which is aimed at achieving maximum profits for shareholders.This research aims to determine and analyze the influence of company size,profitability,and financial leverage on the value of companies listed on the South Korean Stock Exchange KOSPI 2018-2022.The population consists of 8 South Korean K-Pop entertainment companies registered on KOSPI 2018-2022.The sampling technique used was purposive sampling with a total sample of 8 companies and a 5-year observation period.So that 40 data were processed.The analysis technique is multiple linear regression.The results obtained show that partially company size has no significant effect on company value,profitability has a significant positive effect on company value,and financial leverage has a significant negative effect on company value.Meanwhile,simultaneously company size,profitability,and financial leverage influence company value.
