Research on Financial Performance of State-owned Enterprise Mixed Ownership Reform

Mixed ownership is an important form of realization of China＇s economic system reform and development, and it is also the main direction of state-owned enterprise reform. In order to further promote the deepening of the reform of mixed ownership, this paper randomly selects 200 listed state-owned enterprises as research objects, and studies the trends of the financial performance of these enterprises from the mixed state-owned enterprises and non-mixed-modification enterprises in the five years from 2013 to 2017, and compares their various trends. Financial indicators, a comprehensive evaluation of the problems and causes in the reform of the mixed ownership system, and then propose countermeasures to further deepen the reform of mixed ownership based on the research conclusions.

Profit Delivery Proportion,Operation Performance and Bond Rating of Agricultural State-owned Enterprises

The distribution relationship between the profits of state-owned enterprises and the state has been constantly changing with the times. From the state implementing the policy that state-owned enterprises not pay profits to the state in 1994 to the constant growth of stateowned enterprises in the 21st century,their profits have become more and more abundant. Until 2007,the state issued a document stipulates that the state-owned enterprises should pay part of their profits to the state,but at the initial stage of trial implementation of the policy,the implementation was not effective,and finally in 2010 the state officially announced the collection of profits from state-owned enterprises and increased the proportion of collection. From the perspective of agricultural state-owned enterprises,using the difference-in-difference( DID)model,this paper studied the state policy of increasing the profit delivery proportion of state-owned enterprises in 2020. Through CSMAR database,we selected agricultural state-owned listed companies in the 2008-2013 as samples,tested the impact of the implementation of the new policy in 2010 on the operation performance of agricultural state-owned enterprises,evaluated the implementation effect of the policy through comparing the operation performance before and after the policy,and explored whether the policy has an impact on the bond rating. Through empirical research,it found that increasing the profit delivery proportion of state-owned enterprises is helpful for improving the operation performance of state-owned enterprises and improving the quality of bond ratings,and this policy has more prominent effects on stimulating the performance of monopolistic state-owned enterprises. Therefore,collection of some profits from state-owned enterprises can promote better development of state-owned enterprises and also benefit both the state and the people.

Effect of Employees’ Pay-performance Sensitivity on Future Firm Performance: Evidence from State-owned Listed Enterprises in China over 2007-2015

Taking a balanced panel data consisting of 4365 firm-year observations drawn from the listed state-owned enterprises in Shanghai and Shenzhen Stock Exchange over 2007-2015 as the research sample,the paper examines the effect of the employees’pay-performance sensitivity(PPS)on the future firm performance from the two competing perspectives of“incentive effect”and“risk-aversion effect”,adopting the method of multiple regression analysis based on OLS and applying the SPSS23 as the data processing tool.Theoretical analysis and empirical results demonstrate that there is a positive link between the employees’PPS and the future firm performance.To improve the employees’PPS can stimulate the engagement of the employees,improve their working quality,enrich their workplace innovative behavior,and further lead to higher future firm performance.Meanwhile,the positive effect of the employees’PPS on the future firm performance is,on average,lower than that of the top executives’PPS on the future firm performance.Implications of the findings are provided in the end.

Research on the relationship between strategic leadership of senior managers of state-owned enterprises and business performance

Performance management has become a competitive advantage of enterprises to cultivate core competitiveness of strategic initiatives, but how to act performance management out scientifically has been difficult. An unclear understanding of the various issues often results in improper handling counterproductive. Thus, we should analyze human resource performance management problems and their causes, and only on this basis can we establish and implement effective hunlan resource management system dynamic performance during the difficulties and the main factors that should be considered to elaborate.

Design of Human Resource Performance Evaluation System for Construction Enterprises

Based on job analysis for the permanent departments of construction enterprises, by combining KPI assessment method and 360-degree evaluation method, this article establishes a set of human resource performance evaluation indicator system; by determining indicators＇ weights and evaluators＇ grading weights through analytic hierarchy process （AHP）, offering a kind of dynamic computing method for performance evaluation, and tightly linking the evaluation result to employees＇ personal interests, this article builds up a set of scientific performance evaluation system. This article takes the engineering department of construction enterprises for example to explain the calculation and application of performance evaluation result. This article provides construction enterprises with a method reference for human resource performance evaluation.

Comprehensive evaluation and analysis of enterprise management performance

The advent of modern management system separated business owners and managers, resulting that many business owners no longer involve in the operation and management, but employ a specialized management staff to undertake responsibilities of decision-making and business operations. Under the conditions of separation of ownership, the pay given to managers should be linked with their performance. Therefore, it is extremely important to establish a scientific and effective performance evaluation system for managers. Many companies began to try to establish short-term and long-term incentive plan for managers. The purpose is to through the introduction of a new payroll system promote the behavior of managers remaining consistent with corporate benefits. But the real realization of the plan relies on running of performance evaluation system. Only scientific and fair assessment of manager performance can we implement various salary system on only reliable basis, which is the key importance for the manager performance evaluation.

Study on Performance Evaluation System of Chinese Public Service Enterprises

Based on characteristics analysis of performance evaluation for Chinese public service enterprises, to set up a new index system of performance evaluation by combining KPI index and BSC index. According to the complexity of the public service enterprises, to introduce Fuzzy Synthetic Evaluation Model, DEA Evaluation Model, and a dynamic evaluation model with characteristics of incentive （punishment）, and integrate the advantages for the performance evaluation system to provide technical support and make reasonable modification to the evaluation results.

The evaluation of enterprise performance based on EVA

EVA as a new type of performance evaluation indicators, to overcome the limitation of the traditional accounting profit performance evaluation index, in the calculation of the cost of capital for companies, not only to consider the cost of debt capital, but also consider the cost of equity capital, reasonable and objective evaluation of the performance of business, reflect the real value creation, meet the shareholder wealth maximization financial goals. This paper introduces the meaning and calculation method of EVA, focused on the analysis of the advantages of EVA performance evaluation, and also points out some limitations of EVA, in the hope that after the practice can improve continuously.

Thoughts on Stimulating the Employee’s Work Efficiency in State-Owned Enterprises

State-owned enterprises are the basic guarantee of China’s economic and social development,the leading force in the field of strategic competition,but also the main provider of national social wealth accumulation.Although in many strategic areas,the operating efficiency of state-owned enterprises cannot be simply measured by the input profit margin;state-owned enterprises use state and social resources to operate.Shouldering the responsibility of preserving and increasing the value of state-owned assets also is the responsibility of all state-owned enterprise managers and employees.However,the management efficiency of state-owned enterprises is relatively low,and employees’performance management and incentives have been lack of innovation and improvement.This paper analyzes the current state-owned enterprises in China,the characteristics of performance management,as well as the problems faced,and discusses the measures to encourage the efficiency of state-owned enterprises employees.

Assessing green management performance of industrial enterprise:A case study of BH Petrochemical Co.,Ltd at the high-efficiency ecological economic zone of the Yellow River Delta

This paper puts forward the connotation of enterprise green management and green management performance evaluation,analyzes the characteristics of enterprise green management performance evaluation and decomposes its content.Using the triple performance method,the paper constructs the performance evaluation index system of enterprise green management.Taking BH Petrochemical Co.,Ltd.at the high-efficiency ecological economic zone of the Yellow River Delta as an example,by using analytic hierarchy process(AHP)and Matlab programming,this paper determines the weight of each index in the enterprise green management performance evaluation index system,the fuzzy comprehensive evaluation method is used to evaluate the green management performance evaluation of industrial enterprises.The results show that the performance evaluation index system of enterprise green management constructed by"triple performance method"has important theoretical significance and application value for evaluating and guiding enterprises to strengthen their green management.

Research on the Financial Performance Evaluation of Machinery Manufacturing Enterprises Based on the Entropy Value Method

As a key sector in advancing China’s“carbon neutrality”goal,the machinery manufacturing industry has achieved remarkable development in recent years.Against this backdrop,the scientific and objective evaluation of the financial performance of machinery manufacturing enterprises has become a pressing issue in financial research.This topic is not only crucial for optimizing enterprise management and improving operational efficiency but also essential for enhancing overall industry performance and promoting sustainable development.This paper first introduces the concept of financial performance,followed by an analysis of related financial performance evaluation theories.It then focuses on the application of the entropy method in evaluating the financial performance of machinery manufacturing enterprises,detailing its analytical steps.Finally,a financial performance evaluation index system is constructed based on four dimensions:profitability,solvency,operational efficiency,and growth potential.

Carbon performance evaluation model from the perspective of circular economy~The case of Chinese thermal power enterprise

Carbon emission reduction is the only way to alleviate environmental problems,such as global warming.Effective evaluation of carbon performance can help enterprises to carry out energy saving and emission reduction activities to a certain extent and promote sustainable development.This paper constructs a carbon performance evaluation index system that includes the four dimensions of carbon resource(energy)input,cycle,output,and carbon management by incorporating the principles of circular economy and the theory of resource value circulation from the perspective of the flow trajectory of carbon-containing resources in the circulation of enterprises combined with the production characteristics of thermoelectric enterprises.Subsequently,combined with the case study,this paper discusses the scientific and practical nature of the system and provides another way of thinking for carbon performance evaluation of micro-enterprises in other industries.This paper expands the application boundary of matter-element model and supplements the literature of carbon performance,which has certain theoretical and practical significance.

一种基于“PERFORM”的团队绩效评价新体系

在对团队绩效评价研究文献综述的基础上,从一个新的视角,即从团队的"PERFORM"特征出发,构建7个评价维度27个具体评价指标的团队评价新体系。依据新体系,运用层次分析方法,给出一个团队评价的应用实例。

我国物流上市企业经营绩效评价--以道路运输业为例

为科学评价我国物流上市企业经营绩效,以道路运输业为例,构建DEA-BCC-I模型与Malmquist指数方法分别评价2018—2022年26家物流上市企业静态与动态经营绩效情况。研究结果表明:2022年我国26家物流上市企业综合效率均值为0.869,纯技术效率低是主要影响因素;2018—2022年26家物流企业全要素生产率呈现下降趋势,其中技术退步、规模不当是全要素生产率提升的阻碍因素。建议采取提高技术水平、合理确定经营规模、提高投入资源匹配度、做好物流业宏观规划和基础建设等措施,以期提高我国物流上市企业经营绩效。

装备制造行业大型企业集团总部层级事故隐患管控架构研究

为了提升装备制造行业大型企业集团对下属企业事故的隐患管理能力,需要以信息化、数字化手段实现集团级管控能力建设。在“工业互联网体系架构2.0”的基础上,以匹配实际生产流程、人机环全要素管理、覆盖多层级组织层级为目标,构建“工业互联网+大型企业集团总部事故隐患管控”的数字化管控方案,对该架构所需功能模块进行了研究,并提出了管控过程中态势感知与绩效评价的多层级管控循环。本研究提出的数字化管控模式,可有效提升集团总部对所属企业事故隐患管控的全面性、准确性与有效性,可推动对事故隐患告警的数字化、智能化管控水平。

Executive turnover in China's state-owned enterprises:Government-oriented or market-oriented?

Executive turnover is important in the governance of state-owned enterprises(SOEs). Herein, we focus on the executive turnover of China's SOEs, and the implementation of related evaluation mechanisms under different levels of government intervention. We collect executive turnover data of listed Chinese SOEs from 1999 to 2012, and find that about half of the SOE executives leave office within two terms, which is in line with government recommendations. Moreover, we find that more than a third of executives leave after less than one term, and nearly 20% after more than two terms, highlighting the uncertainty and unpredictability of executive appointments in SOEs. We also find that the executive evaluation mechanism for SOEs is implemented differently under different levels of government intervention. SOEs under weak intervention, such as those controlled indirectly by governments, controlled with low shareholdings, from non-regulated industries or in the Eastern regions, prefer the market-oriented evaluation method, which places more weight on executives' economic performance. In contrast, those under strong intervention prefer the government-oriented evaluation method, which is characterized by policy burden.

数字化技术对企业财务绩效管理与评价的影响研究

信息化时代,数字化技术已在企业中得到了广泛应用,成为了企业发展不可或缺的重要技术力量。文章在分析数字化技术对企业财务绩效管理的影响与数字化技术对企业财务绩效评价影响的基础上,提出了应用数字化技术提升企业财务绩效管理水平与评价效果的路径,包括利用数字化技术强化财务责任制管理、利用数字化技术促进财务部门与业务部门间的交流沟通、借助数字化技术加强财务人员工作能力等,以期为提升企业的财务绩效管理与评价提供一定帮助。

大数据分析在服装企业绩效评价中的应用研究——以M企业为例

文章主要探讨了大数据分析在服装企业绩效评价中的应用,以M企业为例,指出了现行绩效评价中存在的问题,并提出了改进策略。研究认为,大数据分析可以帮助服装企业实现长期稳定发展,提高信息整合能力,优化绩效评价模式,为服装市场的发展提供引导,为服装企业决策提供更可靠的依据。

油气企业业绩考核研究综述

国家强化业绩考核“指挥棒”引导央企全面提升价值创造能力,如何用活用好用业绩考核撬动出更多的价值产出,是油气企业深化改革发展的题中之义。立足考核指标体系、考核方式与工具选择、考核结果应用开展了综述性分析。研究认为:①在“两利三率”到“两利四率”再到“一利五率”的央企负责人业绩考核指标政策导向下,围绕效益类、营运类、控制类等核心指标类型,油气企业结合生产经营实践,开展了多类型指标体系设计;②油气企业业绩考核方式朝着差异化、目标化、精准化方向不断发展,考核工具倾向多元化工具综合应用;③油气企业业绩考核结果主要应用于薪酬分配,且更加注重绩效执行、辅导、监测预警与反馈等结果应用。

基于价值链会计的船舶企业绩效评价研究

基于船舶行业呈现出加强产业链协作的趋势,运用价值链会计的绩效评价方法,从内部价值链、横向价值链、纵向价值链三个维度构建船舶企业绩效评价指标体系,采用层次分析法确定指标权重,并结合船舶企业A近五年的实际经营情况进行案例研究分析。研究结果显示,内部价值链在三个维度中占比最大,是价值驱动的关键;横向价值链和纵向价值链比重相当,三个维度共同影响绩效评价情况。对此,船舶企业绩效评价除应注重内部财务及非财务指标,还应合理考量与上下游企业的竞争合作关系,通过加强产业链协同促进产业链增值。