Study on the Development of Small and Micro-sized Enterprises in Hubei Province

The development of small and micro-sized enterprises is of vital significance for the steady and rapid social economy. In recent years, the developing environment for the small and micro-sized enterprises in Hubei province has become increasingly severe, and the problems such as high management cost, high taxes and fees, financing difficulties, and labor shortages of the small and micro-sized enterprises have been more obvious, so that the further development, transformation, and upgrading of the small and micro-sized enterprises are severely restricted. In order to promote the development of the small and micro-sized enterprises, the developing environment for the small and micro-sized enterprises should be further optimized, the tax environment for supporting the development of the small and micro-sized enterprises should be well improved, the financing system should be promoted to be sound, the industrial structure should be actively adjusted, and also the development quality should be increased.

Discussion on the problems and countermeasures in the financial management of the small and micro-sized enterprises

The survival problems are always the core problems of the small and micro-sized enterprises in our country, and the financial management, as the important key factor influencing the small and micro-sized enterprises, has more and more impact on its survival and development. However, the important problem existing presently is that the significance of the financial management is mostly ignored in the small and micro-sized enterprises, pursuing the short-term economic benefit blindly, which decreases the risk resistance of the small and micro-sized enterprises severely, so that a mass of the small and micro-sized enterprises with poor survivability and extremely short life cycle are occurred. This text analyzes the problems existing in the financial management of the small and micro-sized enterprises around the above several prominent problems, and discusses the corresponding suggestions to promote the sound development of the small and micro-sized enterprises in our country.

Drivers and barriers to engage enterprises in environmental management initiatives in Suzhou Industrial Park,China

Small-and medium-sized enterprises(SMEs)play an important role in sustainable development not only for their significant contribution to China’s economy,but also for their large share of total discharged pollutants.Therefore,this research takes the enterprises in Suzhou Industrial Park,China as the case study to investigate the environmental management practices of SMEs,and identify drivers and barriers to engaging businesses in environmental management initiatives.It is shown that,as in other countries,SMEs are less active in adopting environmental management initiatives than larger companies.Legislation remains the key driver to engage SMEs in environmental management initiatives.Based on the analysis,policy recommendations are also presented.

How different types of financial service providers support small- and mediumenterprises under the impact of COVID-19 pandemic: From the perspective of expectancy theory

The 2019 novel coronavirus disease(COVID-19)pandemic has significantly impacted several aspects of the society and the economy.A problem that needs prompt attention in this situation is the increasing difficulties faced by small-and mediumsized enterprises(SMEs)in raising capital,which has aroused great concern from multiple stakeholders such as public administrations and regulators.As the major supply of capital,financial service providers(FSPs)play a critical role in financing SMEs.However,how FSPs deal with SME financing during shocks has not yet been fully researched.Accordingly,in this study,a theoretical framework based on expectancy theory is proposed to explore the expected strategic adjustments of FSPs in financing SMEs.Specifically,this study investigates 272 FSPs in China on their expectancy and attitude on financing to SMEs during the COVID-19 pandemic.Furthermore,this study has divided FSPs into three categories:commercial banks,non-bank financial institutions,and credit-enhanced FSPs.Differences among these categories are compared and analyzed.

Five Basic Insights into the Economic Impact of the COVID-19 Outbreak

This article analyzes the economic impact of the COVID-19 outbreak,and puts forward with five basic insights concerning the degree of the impact,its duration,its key areas,and its quantitative calculation,among other aspects.The article holds that it is necessary to have a more objective understanding and judgement of how the virus affects the economy,particularly gross domestic product(GDP)growth for 2020Q1 and the entire year.Only on the basis of reasonable analysis can we better grasp measures required to cope with the economic impact,combined with more targeted policy launch and adjustment,so as to speed economic recovery to its normal level.

The impact of regulatory and financial discrimination on China's low-carbon development:Considering firm heterogeneity

Firms in China within the same industry but with different ownership and size have different production functions and face different emission regulations and financial conditions,thus can give very different responses to environmental policies.This fact has been largely ignored in most of the low-carbon development related literature.Using an augmented Chinese input–output table in which information about firm size(large-and small and medium-sized firms)and ownership(state-,foreign-,and private-owned firms)are explicitly reported,a dynamic computable general equilibrium model is developed in this study to analyze the impact of alternative low-carbon policy designs with different regulatory coverage and financial equalization on heterogeneous firms.Our simulation results show that,with the fully balanced regulation coverage and equalized financial system for heterogeneous firms,the total green investment accounts for 4%of GDP in 2030 for fulfilling China's commitment to reduce carbon emissions,which is the lowest among the various scenarios;about one-third of this investment is made by small and private firms;at the same time,green investment efficiency will be the highest,about 84%higher than that of the business-as-usual level.Therefore,a market-oriented and new technology-driven arrangement and mechanism for sharing emission reduction burden and allocating green investment across heterogeneous firms,especially to small and medium-sized firms,is crucial for China to achieve a more ambitious emission target in the long run.

Should medium-sized contractors still implement home-made information technologies on construction sites?

Despite the increasing dissemination of the Building Information Modeling(BIM)approach,many firms are still far from BIM and are only starting to adopt information technologies.We conducted an ethnographic action research with an industrial partner that implements information technologies on its construction sites,with a strong preference for home-made applications.Results show that the development of such applications faces difficulties and that multiple iterations and versions are necessary before achieving the expected goals because the required competencies are lacking among internal development teams.Moreover,initial needs evolve considerably throughout the application’s development and evaluation process.However,notwithstanding the difficulties encountered during the different application development phases,the industrial partner believes the decision to be worthwhile because of the desire to have internal control over the project data and the need to consider certain specificities related to business processes.

The influence of the corporate social responsibility disclosures on consumer brand attitudes under the impact of CO VID-19

This study focuses on the use of we-media by small-and medium-sized enterprises(SMEs)to disclose internal corporate social responsibility(ICSR)under the impact of the 2019 novel coronavirus disease(COVID-19).Study 1 interprets the catalyst effect of COVID-19 on the externalization of SMEs'ICSR.The fuzzy grading evaluation method is initially verified.Under the impact of COVID-19,SMEs fulfilling their ICSR can enhance consumer brand attitudes.Study 2 uses a structural equation model and empirical analysis of 946 effective samples and finds that consumers perceive the self-sacrifice of corporations during the coronavirus disease period.SMEs can fulfill their ICSR to enhance the internal explanation mechanism of consumer brand attitudes and the moderating role of enterprise losses.