ASU Electronic Theses and Dissertations
This collection includes most of the ASU Theses and Dissertations from 2011 to present. ASU Theses and Dissertations are available in downloadable PDF format; however, a small percentage of items are under embargo. Information about the dissertations/theses includes degree information, committee members, an abstract, supporting data or media.
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Dissertations and Theses granted by Arizona State University are archived and made available through a joint effort of the ASU Graduate College and the ASU Libraries. For more information or questions about this collection contact or visit the Digital Repository ETD Library Guide or contact the ASU Graduate College at gradformat@asu.edu.
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- Creators: Li, Hongmin
Description2020年，中国经济总量首次突破百万亿大关，位居全球经济总量排名第二，成为全球经济唯一正增长的经济体，实现了中国“增长奇迹”。但是，近年来企业普通员工收入的增长速度远低于社会经济发展的增长速度。二十一世纪是人才竞争的时代，企业转型升级发展的关键在于员工的自主创新能力。根据薪酬激励理论，企业为员工支付更高的薪酬可以调动员工的工作热情和积极性，增强员工的自主创新能力，提高企业创新绩效和企业价值。因此，本文试图研究员工薪酬与企业价值之间的关系，并探索创新绩效是否在其关系中起到中介效应作用。本文通过回顾和梳理国内外有关员工薪酬、创新绩效和企业价值三者关系的相关文献，结合该领域国内外学者的研究经验，以我国科创板上市的214家公司为本文研究的样本。在理论分析和经验研究的基础上，得出以下研究结果：
（1）在科创板上市公司的全样本中，回归结果发现，员工薪酬与企业价值呈显著正相关，员工薪酬与企业创新绩效呈显著正相关，创新绩效与企业价值呈显著正相关，创新绩效在员工薪酬与企业价值的关系中具有中介效应的作用。
（2）区分了企业产权性质后，在民营企业的样本组中，其回归结果发现与全样本组的回归结果基本一致。在非民营企业的样本组中，员工薪酬与创新绩效和企业价值的系数虽为正，但系数的P值并不显著，说明员工薪酬对创新绩效和企业价值都具有正向的激励作用，但不显著；创新绩效对企业价值具有正向的促进作用，但不显著；创新绩效在员工薪酬对企业价值的关系中不具有中介效应，而是起到了遮掩效应的作用。
（3）区分了企业经营所在地后，在非一线城市企业样本中，其回归结果发现与全样本的回归结果基本一致。在一线城市企业样本中，回归结果发现，员工薪酬的系数虽然为正，但P值不显著，说明员工薪酬对创新绩效和企业价值都具有正向的激励作用，但不显著；创新绩效与企业价值呈显著正向相关；创新绩效在员工薪酬对企业价值的关系中起到了遮掩效应。
ContributorsJin, Jian (Author) / Huang, Xiaochuan (Thesis advisor) / Chang, Chun (Thesis advisor) / Li, Hongmin (Committee member) / Arizona State University (Publisher)
Created2022
Description本文以消费者认知理论、马斯洛需求层次理论、品牌价值理论为理论基础，通过分析感知质量的构成维度，从感知外在质量和内在感知质量两个方面构建感知质量的评价体系，本文试图以国酒——茅台为例，梳理感知质量对感知价值及品牌溢价的影响机理，构建研究理论框架，提出研究假设，深入探究三者的作用关系，为现代企业提供一定的指导。从实证结果来看，本文使用结构方程模型对感知外在质量、感知内在质量、感知价值和品牌溢价四个潜在变量之间相互关系进行回归分析。正式进行回归之前，对初始数据和模型进行描述性统计、信效度检验、相关性分析判断数据和模型之间的拟合度和适配度情况，再根据MI修正指数和路径系数显著检验对模型进行调整，确定模型计算结果处于可接受水平。从模型回归结果来看，感知质量对品牌溢价的主要路径是“感知外在质量——感知价值——品牌溢价”，而感知内在质量对感知价值和品牌溢价皆无显著影响，且品牌溢价不受感知内在质量和感知外在质量的直接显著影响，因此判断感知价值在感知质量与品牌溢价之间存在一定程度的中介效应，并通过中介效应分析确定感知价值在模型中充当中介变量，存在显著的中介效应，从中可以看出白酒消费者主要是根据白酒的感知外在质量对感知价值的影响进而影响品牌溢价。而对于饮酒经验和健康关注两个要素，根据调节效应的回归分析结果，饮酒经验在“感知内在质量—感知价值”和“感知内在质量—品牌溢价”的路径中的调节效应为显著，且皆为负向调节作用；健康要素对于感知内在质量和外在质量对感知价值和品牌溢价的关联关系中皆存在一定程度的调节效应，且皆为正向效应。而在针对四个不同酒种的分群组回归中，四种白酒的路径系数及显著性都有所不同，主要表现在感知内在质量对感知价值的影响路径上，从回归结果来看，茅台迎宾酒和飞天茅台与习酒和茅台醇在路径系数和显著性明显不同，可以看出当白酒质量较高或较低时，感知内在质量对感知价值的影响并不显著。
ContributorsXiang, Jian (Author) / Li, Hongmin (Thesis advisor) / Shi, Weilei (Thesis advisor) / Dong, Xiaodan (Committee member) / Arizona State University (Publisher)
Created2022
Description中国大陆证券市场上的Ａ、Ｂ股市场，是世界独特的分割市场，其中，双重上市公司A、B股（以下简称AB股），同股同权，但B股相对A股价格长期折价，被称为“Ｂ股难题”（B Share Puzzle）, 这是国际资本市场上的一个热点问题，此相关问题研究也一直延续。本文尝试研究中国政府出台的对股市长期发展进行调节的政策与B股折价之间的关系，通过对AB股发展历史的回顾，梳理出二个对AB股长期发展干预和调节的政策，即2001年2月中国政府允许中国大陆居民投资B股（简称政策一）和2005年4月29日开始的中国证券市场股权分置改革（简称政策二），并在此基础上，运用计量统计方法实证分析，研究发现中国政府出台的对股市长期发展进行调节的政策一、政策二与B股折价率有显著相关性，同时政策的干预和调节是分别有针对性进行的，使得B股折价率变化在政策影响下，通过A股价格或者B股价格的显著变化而实现。另外发现，B股平均折价率具有波动聚集特性，有小幅波动和均值回归特点，具有可预测性。
ContributorsLiu, Li (Author) / Li, Hongmin (Thesis advisor) / Zhang, Jie (Thesis advisor) / Chen, Hui (Committee member) / Arizona State University (Publisher)
Created2023
Description本研究以中小型企业在全球价值链中的转型升级为聚焦，主要通过案例分析的方式，选取代表性企业欣威科技和超俊科技，提出“动态整合能力”的概念，发展了企业家精神理论、全球价值链理论、动态能力理论和企业间合作理论，对于中小型企业的战略转型升级具有实践借鉴价值。在研究方法上，研究针对中小型企业如何在全球价值链中转型升级进行回应，通过参与式观察、深度访谈获取数据与资料，并通过欣威科技与超俊科技的案例分析厘清脉络，以期对于全球价值链理论和动态能力理论有所贡献。
在研究结论上，本研究认为，中小型企业在全球价值链攀登中，应注重发展动态整合能力，密切跟进新技术运用和企业间合作，基于创始人专业背景资源拓展自身发展的空间。
在研究贡献与研究意义上，本研究探索中小型企业战略转型的驱动因素和升级路径，实质上是在全球价值链发展到新的阶段的必要命题。首先，研究聚焦的对象是中小型企业，中小型企业具有自身的特点和问题；其次，全球价值链和国内兼容打印耗材行业的发展均到了一个新的阶段，面临着一定的瓶颈，也亟待取得转型升级。因此，深入探索、挖掘和剖析中小型企业战略转型的驱动因素和升级路径，借鉴并拓展全球价值链理论、动态能力理论和企业间合作理论，为提升中小型企业在全球价值链发展中应对的能动性，在理论延伸和实践指导上均具有重大意义。
ContributorsZhao, Zhixiang (Author) / Li, Hongmin (Thesis advisor) / Shi, Weilei (Thesis advisor) / Wang, Yimin (Committee member) / Arizona State University (Publisher)
Created2023
Description全球数字经济高速发展，信息科技时代，面对新形势、新问题，企业的数字化转型升级势在必行，为了提升企业综合竞争力，利用先进的科学技术在服务创新、产品创新、渠道创新、风险控制、精细化管理方面加强数字化水平，既是顺应时代发展的必然要求也是企业信息化发展必经的阶段。员工作为数字化技术的使用者和创造者，推动员工数字化转型成为企业发展不可缺少的重要组成部分，在当今复杂多变的商业环境中，动态多元的工作内容和特征要求员工具备更多的专业技能，结合实际的业务经验，可能更大程度上激发员工自身创造力，为企业数字化转型提供方向和建议。本文以大型物流公司——深圳市柏威国际物流有限公司为研究对象，从员工感知的角度，围绕国际物流企业数字化转型对员工绩效影响这一主题解决以下问题：从理论和企业实践的角度，分析并构建企业数字化转型对员工绩效的影响模型，发掘可能存在的调节因素；完善调查量表，编制调查问卷，对模型中的各要素进行准确刻画；利用问卷调查和结构方程模型的实证结果进行分析，检验柏威目前数字化转型水平和成效，提出合理的转型建议。
研究发现，与企业主要业务直接相关的核心员工感知的、以数字化资源和数字化能力为主要表现的企业数字化发展水平对员工绩效具有正向影响，数字化资源和数字化能力均对员工绩效有直接的影响，同时，数字化资源和数字化能力匹配程度越高，企业数字化水平越高，对员工绩效提升的影响越大；从业务实践角度出发，企业数字化对员工绩效的影响以提升包含业务洞察力和协调决策力的员工能力为中介，其中数字化与业务的匹配性能显著调节企业数字化对员工能力的影响；反映行业大环境的业务不确定性无法对企业数字化促进员工绩效起到调节作用。深圳柏威国际物流有限公司当前数字化转型进程中，企业对数字化资源的开发水平较高，但数字化能力水平不足，难以匹配数字化资源水平，数字化资源和数字化能力水平之间的差异降低了企业数字化对员工绩效的促进作用，大力提升企业数字化能力是当前阶段数字化转型的主要方向。
ContributorsWang, Chaofeng (Author) / Li, Hongmin (Thesis advisor) / Shi, Weilei (Thesis advisor) / Sun, Tianshu (Committee member) / Arizona State University (Publisher)
Created2023
Description房地产行业高杠杆的特征使其容易受到外部经济、政策环境变化的冲击，而在疫情席卷全球、国内经济增速放缓的当下，房地产作为中国经济压舱石的地位更加突出，房地产企业有必要针对潜在的全球性金融危机做出应对预案，尤其需要重新审视和评估自身的资本结构和财务水平。基于以上背景，本研究将探究房地产企业在金融危机背景下的最优资本结构，该最优资本结构将有利于企业在金融危机时期正常发展、维持企业的行业竞争优势。为探究金融危机如何影响房地产企业的资本结构，本研究分别以金融危机爆发时房地产企业的资本结构为研究时期与对象，进行定量研究与典型房企案例的定性研究。本研究选取了近30家在境内或香港上市的大陆房地产公司，以及多家海外上市房地产公司为实证研究对象，从多个不同的维度收集金融危机时期上市房企的财务、经营及市场环境指标，运用多元线性回归模型研究2008年金融危机时期，不同资本结构、不同产权性质和不同规模对房企财务表现的影响。最后，结合上述研究成果，本文对现阶段旭辉集团的资本结构合理度进行压力测试，再对测试结果做出评估，为旭辉集团如何在金融危机时期改进资本结构提供可行的实施方案。本文主要结论有三点：第一，为抵御金融危机的冲击，房地产企业需要保持健康的资本负债结构，保证充沛的现金流、高速的资金周转率，并且合理地规避风险，才能顺利度过金融危机的寒冬；第二，金融危机中，房企资产负债率越高、短期负债比越低、流动资产比例越高、净负债率越高、有息负债率越低，其托宾Q值越高，资产负债率和净负债率对财务表现影响与原有假设不符合，主要原因①两个指标包含了预收账款以及现金因素，行业快速发展期，房企快速销售产生的预售账款以及非现金债务助推了企业快速发展。②行业在快速发展期，高负债和高土储在持续量价提升的背景下，掩盖了行业若进入平稳期的高负债风险。③在此背景下，估值逻辑更多地考虑成长性、对风险的关注度不足，也使得中小房企更容易获得成长溢价。金融危机与非金融危机时期对比，相对于民营企业，国有房地产企业的财务表现更稳健；第三，现金营运指数、长期债务与营运资金比、销售现金比率对旭辉控股资本结构的影响较大，在设定重度压力情境下，中国房企面临的潜在财务压力较大，未来需要适度调低负债比例，加强现金流管理，包括审慎投资拿地、降低投资失误率，积极拓展收入来源、增加更多有稳定现金流的业务等，应对可能出现的金融危机、保证企业长期健康发展。
ContributorsLin, Feng (Author) / Li, Hongmin (Thesis advisor) / Chang, Chun (Thesis advisor) / Li, Xianglin (Committee member) / Arizona State University (Publisher)
Created2021
Description
As the global economy and digital technology rapidly advance, the service industry faces increasingly intense market competition and challenges in meeting diverse customer demands. This study, set against the backdrop of chain hotels in China, empirically analyzes how service modularity could impact customer perceived value and contribute to innovation performance of hotels. Using two innovative prototypes from Jinjiang Hotels at different development stages as examples, both quantitative and qualitative research methods were employed to delve into the effects of service modularity innovation. For the “fit-up” module at the incubation phase, conjoint analysis was applied to understand consumer preferences and willingness to pay for the module combination, defining the product version 1.0. Regarding the “pure room” module at the pilot phase, structural equation modeling (SEM) was used to validate the relationship between modular innovation and perceived value, satisfaction, and consumer willingness, laying the foundation for optimizing and promoting version 1.0. Empirical results indicate that service modularity significantly enhances customer perceived value, enabling efficient personalized service innovation design to respond more rapidly to consumer demand iterations. Service modularity, as a crucial trend in service management, holds significant importance in improving service efficiency, meeting customer needs, and enhancing enterprise competitiveness. This study enriches the theoretical framework of service modularity and innovation performance, providing empirical evidence of its impact on customer perceived value and innovation performance. Furthermore, as an innovation management strategy, service modularity proves effective in enhancing the innovation performance and service upgrades of chain hotels, especially the mid-scale segment, offering meaningful insights and references to strengthen competitive advantages.
ContributorsZhou, Wei (Author) / Li, Hongmin (Thesis advisor) / Li, William (Thesis advisor) / Dong, Xiaodan (Committee member) / Arizona State University (Publisher)
Created2024
Description
The clothing industry is labor-intensive, with many small and medium-sized enterprises and lack of scale effect; Clothing has a short fashion cycle, long operational process, and lack of independent brands; the proportion of clothing exports is relatively large, and the dependence on foreign trade is high. At present, a considerable number of domestic clothing processing enterprises (clothing suppliers) still maintain price driven relationships with customers (clothing purchasers or clothing brands). They pay more attention to short-term goals, although they can establish certain business relationships, they do not pay attention to maintaining relationships. Once affected by external adverse factors, this relationship will be easily abandoned. Upstream clothing supplier enterprises do not attach importance to the concept of supply chain management, neglect the establishment of long-term cooperation mechanisms, and excessively pursue short-term benefits, leading to frequent tension in the cooperation relationship between the supply chain。This study found that：1) The higher the customer business requirements, the stronger the supplier's business willingness; 2) The importance of profit contribution (ImProfit), order attractiveness (OrderAttract), and digitalization of cash flow (Digitizec) cannot promote the relationship between customer business requirement importance (ImRequirement) and business willingness, while cooperation attractiveness (Coordination), development expectation (Expectation), communication effectiveness(Communicate), business risk perception (PerceRisk), digitalization of information flow (Digitizea) and Digitization of logistics（Digitizeb）can significantly enhance the relationship between the importance of customer business requirements and business willingness; 3) The effectiveness of communication directly interacts with business intention, not through customer business requirements, but rather through profit contribution, order attraction, cooperation attraction, development expectation, and risk perception. 4) Digitization has both direct and indirect impacts on the business willingness. The role of digitization is comprehensive, with direct impacts being new revolutionary changes and intermediary impacts being benign and innovative changes. The proportion of intermediary impacts is 24.79%, 26.33%, and 25.92%, respectively.
ContributorsSun, Ling (Author) / Li, Hongmin (Thesis advisor) / Jiang, Zhan (Thesis advisor) / Shi, Weilei (Committee member) / Arizona State University (Publisher)
Created2024
Description
Manufacturing enterprises are generally aware of the importance of digital transformation. However, how to achieve digital transformation troubles traditional manufacturing enterprises. The textile printing and dyeing industry started from early 1980s onwards China's reform and opening up. The industry has reached a stage of high production capacity and is facing significant pressure for transformation and upgrading. Many business operators are struggling to explore and seek to achieve cost reduction and efficiency increase through digital transformation, thereby accelerating industrial innovation and transformation. In order to alleviate the pressure of sharply rising labor, environmental and energy costs, and build a medium to long-term competitive advantage. Printing and dyeing enterprises need to use digital methods to empower and upgrade their previous operational processes from top to bottom, from inside to outside, and reshape new driving forces and advantages through digital transformation throughout the entire process, scenario, touch point, and lifecycle. This article focuses on the digital transformation investment, studies its determining factors and economic consequences from the perspectives of production process performance and overall enterprise performance .It has found that: (1) transformation factors, transformation direction, and transformation cognition all positively affect digital investment, but only the transformation direction has significant impact; (2) Digital investment has promoted the improvement of production process efficiency, and this promotion is significant at the 1% significance level; (3) Digital investment significantly promotes the overall efficiency; (4) The improvement of production process efficiency positively promotes the relationship between digital investment and enterprise efficiency, but this impact is not statistically significant. In other words, the positive correlation between digital investment and enterprise efficiency does not change statistically due to differences in enterprise production process efficiency. This inspires dyeing enterprises to allocate resources reasonably when undergoing digital transformation. Blindly invest in the production process digitization and neglecting the coordinated development of other aspects in digitalization can lead to unreasonable resource allocation, resulting in waste of resources.
ContributorsLu, Kanda (Author) / Li, Hongmin (Thesis advisor) / Wu, Fei (Thesis advisor) / Zhao, Yanfei (Committee member) / Arizona State University (Publisher)
Created2024