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- All Subjects: enterprise performance
- Language: Chinese
Description
Although China’s economy has experienced fast growth over the years, it is also characterized by a lack of innovative products and slow development of advanced production technologies. A main reason for this problem is insufficient investments in research and development (R&D) activities by Chinese firms. Because of the potential externality and free-rider effects, the economics literature has long suggested that the private sector tends to underinvest in R&D without governmental interventions. The weak protection of intellectual property rights in China makes the problem of underinvestment in R&D even worse. In this situation, it becomes increasingly important for the government to provide incentives such as subsidies on R&D investments, given that R&D investments are critical to the development of new technologies and the sustainable growth of the economy.
In this study I investigate how governmental subsidies on R&D influence Chinese firms’ R&D investments and performance. Specifically, I want to find out (1) whether governmental subsidies promote or hinder firms’ R&D investments, and (2) whether governmental subsidies have differential effects on financial performance across different types of firms. My goal is to better understand the effects of governmental subsidies on Chinese firms. To achieve this goal, I first conduct an extensive review of the relevant literature and then develop a conceptual model about the determinants of governmental subsidies on R&D in China. Next, I conduct empirical analysis using data collected from all the firms listed in the Shanghai Stock Changes and Shenzhen Stock Exchanges during the period of 2009 to 2012. Overall, my findings show that governmental subsidies on R&D have a positive impact on R&D investments by the listed firms. Meanwhile, I find that this positive impact varies significantly across different types of firms, particularly among firms that are still largely owned by the state. I conclude this study with a discussion of its implications for governmental policies on R&D investments.
In this study I investigate how governmental subsidies on R&D influence Chinese firms’ R&D investments and performance. Specifically, I want to find out (1) whether governmental subsidies promote or hinder firms’ R&D investments, and (2) whether governmental subsidies have differential effects on financial performance across different types of firms. My goal is to better understand the effects of governmental subsidies on Chinese firms. To achieve this goal, I first conduct an extensive review of the relevant literature and then develop a conceptual model about the determinants of governmental subsidies on R&D in China. Next, I conduct empirical analysis using data collected from all the firms listed in the Shanghai Stock Changes and Shenzhen Stock Exchanges during the period of 2009 to 2012. Overall, my findings show that governmental subsidies on R&D have a positive impact on R&D investments by the listed firms. Meanwhile, I find that this positive impact varies significantly across different types of firms, particularly among firms that are still largely owned by the state. I conclude this study with a discussion of its implications for governmental policies on R&D investments.
ContributorsYang, Guisheng (Author) / Hwang, Yuhchang (Thesis advisor) / Wang, Tan (Committee member) / Pei, Ker-Wei (Committee member) / Arizona State University (Publisher)
Created2015
Description在日趋复杂动态的环境中，如何提高企业的绩效不仅是企业家最感兴趣的事情，也是众多学者进行企业管理方面研究的落脚点。从目前战略执行力的研究现状来看，一些学者对战略执行力的性质和构成进行了研究，并取得了一定的成果。但这些研究多为描述性分析，实证研究较少，且较为分散，尚未形成较为完整的分析框架。对于战略执行力、员工生产力与企业绩效关系的研究则更少。因此，本研究将通过对现有文献的分析和梳理，研究战略执行的本质及其构成并进一步研究战略执行力与企业绩效的关系及其作用机理。
ContributorsLiu, Baozhong (Author) / Shen, Wei (Thesis advisor) / Shi, Weilei (Thesis advisor) / Huang, Xiaochuan (Committee member) / Arizona State University (Publisher)
Created2023
Description自2020年起，中国大陆地区公司在《财富》世界500强排行榜中实现了历史性跨越，在数量上第一次超过美国，2021年中美公司数量差距次拉大。但是，与美国相比，中国企业仍存在较大差距，呈现出“多而不强”、单家企业营收规模偏低、成本偏高、盈利水平较差的特点。加上2020年新冠疫情爆发引发的供应链中断和经济下滑，给企业带来更多的挑战。企业纷纷通过数字化转型来保障供给、有效管理采购成本、提升供应商绩效、优化库存水平、降低供应链风险、提升供应链韧性和敏态。通过数字化赋能的供应链管理已经成为中国企业持续稳健地拓展业务、减缓营收和利润下滑、优化成本结构、提升企业盈利水平的核心能力。本论文围绕基于管理软件为主的数字化能力，分析不同国家的财富500强企业在管理软件应用规模、应用经验和创新经验上的差异对于企业整体绩效以及供应链绩效的影响，并研究新冠疫情下数字化经验给企业绩效带来的协调效应。我们的研究结果发现，基于管理软件应用和创新的数字化能力，对于企业绩效有显著影响。中外企业差异，对于基于管理软件应用和创新的数字化能力与供应链绩效之间的影响，存在一定的调节作用。而新冠疫情，对于企业绩效本身的影响，以及基于管理软件应用和创新的数字化能力与企业绩效之间的影响，却不存在任何的调节作用。本文的创新之处在于，之前所有与供应链绩效和竞争力相关的研究，主要集中在技术应用、组织形态、管理模式、生态建设等定性研究以及在基于业务流程的评价指标研究上，都没有深入到供应链相关的具体管理软件维度，也没有将其经验/规模和创新的投入进行量化。本次研究通过对财富500强企业第一手资料的收集、整理与分析，给了我们一个通过时间序列和软件统计显微镜来剖析中外500强企业数字化能力的机会，带来了两个创新：第一通过实证方式来定义与供应链相关的数字化能力，并落实到具体的管理软件；第二是通过综合研究500强的一手资料和公开数据进行论证，并进行中外对比。
ContributorsCai, Hongliang (Author) / Rui, Yin (Thesis advisor) / Li, Feng (Thesis advisor) / Shao, Benjamin (Committee member) / Arizona State University (Publisher)
Created2023
Description企业并购是经济管理领域长盛不衰的研究话题，也是企业高投资与高风险并行的战略举措。并购后对品牌进行有效整合是实现并购价值的重要过程，只有对并购后的品牌进行整合，才能使并购取得应有的并购协同效应。在消费者导向意识不断深化，服务导向逐渐成为服务行业的主流导向的背景下，研究品牌并购中消费者感知及其忠诚显得尤为重要。企业并购过程中面临的风险与挑战之一就是消费者未必对商家的品牌并购行为买账，消费者忠诚受到影响。尽管已有学者提出品牌并购的企业更应关注消费者及其忠诚，但目前从消费者感知角度研究企业或品牌并购行为的研究较少。为了揭示消费者感知品牌并购的过程，探究品牌并购是否及如何影响消费者感知及忠诚，本文基于深度访谈法与情境下问卷调查法分析了消费者对品牌并购的感知及结果，并设计两项研究：研究一在理论分析与前人研究基础上，通过对消费者的深度访谈，确立了消费者感知的品牌并购价值的四个维度，分别为品牌联想、产品联想、组织联想与人员服务品质，并在借鉴前人研究结合本研究的具体背景，得出消费者感知的品牌并购价值的测量条目。研究二通过情境模拟下的问卷调查法，检验了消费者感知品牌并购价值、感知质量、感知价值、品牌忠诚、产品涉入以及品牌知名度之间的关系。在此基础上，本文对L教育集团在实践运营过程中的品牌并购案例进行详细分析，发现了L教育集团发起品牌并购的原因以及并购过程中存在的问题和改进建议。
研究结果显示：（1）消费者感知的品牌并购价值的四个维度分别为品牌联想、产品联想、组织联想与人员服务品质；（2）消费者感知品牌并购价值与感知质量有显著正相关关系，表明消费者感知品牌并购价值能够提高消费者的感知质量；（3）消费者感知质量对其感知价值有显著的正向影响，表明感知质量正向预测消费者的感知价值水平；（4）消费者感知质量对其品牌忠诚有显著的积极作用；（5）消费者感知品牌并购价值与消费者感知价值存在显著的正相关关系；（6）消费者感知品牌并购价值对消费者品牌忠诚的路径系数达到显著性水平；（7）消费者感知质量在感知并购价值与感知价值、品牌忠诚之间起部分中介作用；（8）产品涉入与品牌知名度在消费者感知并购价值与感知质量的关系之间起调节作用。
研究结果显示：（1）消费者感知的品牌并购价值的四个维度分别为品牌联想、产品联想、组织联想与人员服务品质；（2）消费者感知品牌并购价值与感知质量有显著正相关关系，表明消费者感知品牌并购价值能够提高消费者的感知质量；（3）消费者感知质量对其感知价值有显著的正向影响，表明感知质量正向预测消费者的感知价值水平；（4）消费者感知质量对其品牌忠诚有显著的积极作用；（5）消费者感知品牌并购价值与消费者感知价值存在显著的正相关关系；（6）消费者感知品牌并购价值对消费者品牌忠诚的路径系数达到显著性水平；（7）消费者感知质量在感知并购价值与感知价值、品牌忠诚之间起部分中介作用；（8）产品涉入与品牌知名度在消费者感知并购价值与感知质量的关系之间起调节作用。
ContributorsHan, Liqing (Author) / Pei, Ker-Wei (Thesis advisor) / Zhang, Anmin (Thesis advisor) / Zhu, Qigui (Committee member) / Arizona State University (Publisher)
Created2019