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Book part
Publication date: 13 November 2014

Boqiong Yang

After three decades of reform and opening up, China’s economy has experienced huge changes. Against the background of economic globalization, foreign direct investment…

Abstract

After three decades of reform and opening up, China’s economy has experienced huge changes. Against the background of economic globalization, foreign direct investment (FDI) plays an important role in China’s economy. China has become one of the world’s largest FDI inflow countries, which has had an important impact on its economic development. FDI has preferred the industrial sector, which also has serious environmental pollution. This study will consider vertical and horizontal FDI location choice theory and conduct theoretical analysis concerning the FDI location choice within the industrial sectors, as well as empirical analysis to test the distribution of FDI in pollution-intense industries. Furthermore, the “Catalog of Industries for Foreign Investment” is one of China’s important industrial policies to guide foreign investment. Since being implemented in 1995, it has made five adjustments. The analysis of the distribution of FDI in the polluting industries and the impact of the change process will provide advice instructive for the government to amend the catalog.

Details

Globalization and the Environment of China
Type: Book
ISBN: 978-1-78441-179-4

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Article
Publication date: 7 June 2013

Jianguo Fang and Huiwu Guo

Firm growth in industry clusters is a complex issue. On the one hand, industrial clusters can promote firm growth. On the other hand, they can restrict the growth of a…

Abstract

Purpose

Firm growth in industry clusters is a complex issue. On the one hand, industrial clusters can promote firm growth. On the other hand, they can restrict the growth of a firm in some aspects. Their various effects have to be analyzed in detail. The purpose of this paper is to examine these effects and the law of enterprise growth in electronic information industry clusters of China.

Design/methodology/approach

This paper makes use of the panel data of the Chinese manufacturing industry with the intention of testing Gibrat's law. It carries out an empirical analysis on the influence of Chinese electronic information industry clusters on firm growth.

Findings

The result of the present research indicates that industry clusters definitely have a positive impact on firm growth, profit and longevity. However, in regard to the firms' data of China 2006 to 2007, the electronic information industry clusters have negative effects on scale of business growth of small and medium‐sized companies but not big companies. Moreover, the innovation of companies inside a cluster could not catch up with that of companies outside the cluster.

Originality/value

For the electronic information enterprises, growth rate is positively correlated with the enterprise age. Gibrat's law is tenable, that is, firm growth mainly depends on firm age. In Chinese electronic information industry clusters, R&D has only a weak influence on enterprise growth. In contrast, the economic soundness of the region where the electronic information industry clusters are located is more beneficial to the growth of enterprises in the cluster.

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Article
Publication date: 2 November 2015

Peiwu Dong, Kai Qiao and Mei Yang

The purpose of this paper is to study the operational efficiency of aerospace industry in China and compare the difference in efficiency between the private aerospace…

Abstract

Purpose

The purpose of this paper is to study the operational efficiency of aerospace industry in China and compare the difference in efficiency between the private aerospace enterprises and the state-owned aerospace enterprises. This paper enriches the study on evaluating the operational efficiency of aerospace industry and develops the theory on aerospace industry management.

Design/methodology/approach

The sample comprises all the aerospace enterprises listed in the A share market for which financial data are collected from the RESSET for subsequent analysis. Data envelopment analysis (DEA) and Malmquist productivity index (MPI) are used to derive findings.

Findings

The paper finds both the scale and the technical level of the industry increased during the period, and this was mainly due to the growth of the state-owned enterprises. However, with the increase of scale, the total factor productivity of the sample decreased. This was mainly because the performance of the leading enterprises regressed. Overall, the operational efficiency of the industry was still relatively low. By comparing the private enterprises and the state-owned enterprises, this paper finds, in terms of scale, the private enterprises were far lower than the state-owned enterprises. However, as for operational efficiency, the private was more efficient, which indicates an imbalance in the development of the industry.

Originality/value

This paper explores the operational efficiency across the Chinese aerospace industry, a focus currently lacking in research, presenting an overview of the industry and examining the difference in efficiency between the private aerospace enterprises and the state-owned aerospace enterprises to provide policymakers and managers with some practical suggestions to promote the development of the industry.

Details

Chinese Management Studies, vol. 9 no. 4
Type: Research Article
ISSN: 1750-614X

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Article
Publication date: 1 May 1988

Ernest Raiklin

Studies concerning Soviet taxation demonstrate a diversity of opinions on the nature of turnover taxes. Four major views on the subject have emerged: (1) turnover taxes…

Abstract

Studies concerning Soviet taxation demonstrate a diversity of opinions on the nature of turnover taxes. Four major views on the subject have emerged: (1) turnover taxes are simply a sales (excise) tax on articles' of consumption sold to the Soviet consumer; (2) not all turnover taxes are a sales tax, some of them are a substitute for rent on production of certain industrial materials; (3) in addition to being a sales (excise) tax on consumer goods and rent on some industrial materials, there exists a third type of turnover tax which is levied on agricultural production of the peasantry; (4) turnover taxes are a portion of the surplus product produced in industry and agriculture.

Details

International Journal of Social Economics, vol. 15 no. 5/6
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 21 August 2019

Zhifang Zhou, Tao Zhang, Jiachun Chen, Huixiang Zeng and Xiaohong Chen

This paper investigates the relationship between product market competition and firms’ water information disclosure and how firms’ ownership type can affect this…

Abstract

Purpose

This paper investigates the relationship between product market competition and firms’ water information disclosure and how firms’ ownership type can affect this relationship in China, offering new insights into corporate water management.

Design/methodology/approach

The authors investigated 303 Chinese listed companies in highly water-sensitive industries to examine how product market competition influences corporate water information disclosure by subdividing the product market competition into market competition at the firm level and the industry competition intensity at the industry level.

Findings

The results show that there exists an inverted U-shaped relationship between industry competition and water information disclosure; enterprises with the highest market power in a mildly competitive industry are more willing to voluntarily disclose water information and play an industry benchmarking role. Further tests demonstrate that the relationship between industry competition intensity and water information disclosure is stronger for state-owned enterprises than for private enterprises.

Research limitations/implications

The current water resources regulations in China are relatively lax and the water risk awareness of firms is weak, which may affect the applicability of the results. In addition, water information disclosure research is a relatively new field and a quantitative index system for water information disclosure is still in the exploratory stage. Further developments, including the selection, definition and measuring methods of a water index are required.

Practical implications

The authors developed a new direction of enterprise water management activities from the perspective of market competition. Based on the market conditions in China, the authors also investigated the impact of the ownership type of the enterprises on the relationship between market competition and water information disclosure.

Social implications

The authors suggested that the government should improve laws and regulations and adopt incentive mechanisms to encourage enterprises to implement water resource management. In addition, the government should encourage high market status enterprises to actively fulfill their environmental responsibilities so that the entire industry is encouraged to follow suit.

Originality/value

This study represents an important development in the field of environmental accounting and is the first research on corporate water information disclosure; it also extends the research on the influence mechanisms of market competition on the environmental management practices of enterprises.

Details

Sustainability Accounting, Management and Policy Journal, vol. 11 no. 5
Type: Research Article
ISSN: 2040-8021

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Article
Publication date: 25 February 2020

Jia Li and Zhengying Luo

The purpose of this paper is to explore the impact of product market competition on the risk of stock price crash based on the degree of industry competition and the…

Abstract

Purpose

The purpose of this paper is to explore the impact of product market competition on the risk of stock price crash based on the degree of industry competition and the competitive position of enterprises.

Design/methodology/approach

This paper chooses the data of Shanghai and Shenzhen A-share listed companies from 2009 to 2017 as samples and uses a threshold regression model to explore the impact of product market competition on the risk of a stock price crash.

Findings

The results show that: the overall level of industry competition is negatively correlated with the risk of stock price crash; the competitive position of enterprises and the risk of a stock price crash. The correlation is not significant: for high competitive enterprises, the degree of industry competition is negatively correlated with the risk of stock price crash; for low competitive enterprises, the degree of industry competition is positively correlated with the risk of a stock price crash and the conclusions obtained have passed the robustness test.

Originality/value

This paper not only enriches the literature on the relationship between product market competition and the risk of stock price crash but also has reference significance for supervisors to allocate resources to supervise information disclosure of listed companies.

Details

Journal of Business & Industrial Marketing, vol. 35 no. 7
Type: Research Article
ISSN: 0885-8624

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Article
Publication date: 4 September 2017

Baowen Sun, Wenjun Jing, Xuankai Zhao and Yi He

This paper aims to clear whether the monopoly structure of the internet industry has produced market power and discussed the welfare change of the internet industry monopoly.

Abstract

Purpose

This paper aims to clear whether the monopoly structure of the internet industry has produced market power and discussed the welfare change of the internet industry monopoly.

Design/methodology/approach

By using new empirical industrial organization methods and taking the e-commerce market as an example, the authors measured market power and economies of scale of the internet platform companies.

Findings

Internet platform enterprises have formed scale economy, but it has not had market power, and the industry still maintains high levels of competition; also, the emergence of large enterprises may increase the welfare of consumers.

Originality/value

The conclusion of this paper clarified actual competition status of internet industry and provided a new foothold for regulation and ideas for the traditional industry to crack the Marshall Conflict.

Details

International Journal of Crowd Science, vol. 1 no. 3
Type: Research Article
ISSN: 2398-7294

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Article
Publication date: 21 June 2013

Štefan Bojnec

This paper aims to contribute to the literature on the changing role of the defence sector in the economy at industry and enterprise levels focusing on defence‐civilian…

Abstract

Purpose

This paper aims to contribute to the literature on the changing role of the defence sector in the economy at industry and enterprise levels focusing on defence‐civilian cooperation and defence supply networking with foreign industry enterprises from complex industry‐perspective.

Design/methodology/approach

Measuring is based on the comparative industry data and the unique survey evidence for the Slovenian defence industry enterprises to derive managerial and policy implications.

Findings

The role of the defence industry in the economy declined, but trade deficits from arms and ammunition increased. The industry enterprises can gain from defence‐civilian cooperation and defence supply chain networking with foreign industry enterprises. Information‐coordination institutions are seen to provide opportunities for future industry development in Slovenia.

Research limitations/implications

This research focuses on Slovenia. Future enhancement of the research would be to look into the possibility of applying the findings to other countries. The size of the enterprise, and even more the size of the country, does matter in the defence‐market chain activities.

Practical implications

The proposed industry firm‐level survey approach provides useful policy and managerial implications in the evaluation of defence industry supply and market chain cooperation and networking activities with foreign industry enterprises. The study proves the usefulness of the results, both to the future organizational development and as a decision‐making tool in the complex industry systems.

Originality/value

This paper adds to the industry firm‐level analyses as data management tools for evaluating the defence‐civilian cooperation and networking of complex industry market chain activities for more effective management.

Details

Industrial Management & Data Systems, vol. 113 no. 6
Type: Research Article
ISSN: 0263-5577

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Article
Publication date: 30 March 2007

Molly Scott Cato, Len Arthur, Russell Smith and Tom Keenoy

To study the relationship between organization structure and socio‐economic impact in the Welsh music industry and the potential role of social enterprises.

Abstract

Purpose

To study the relationship between organization structure and socio‐economic impact in the Welsh music industry and the potential role of social enterprises.

Design/methodology/approach

The economic value of social enterprise and the role of creative industries in urban regeneration are discussed from the viewpoint of the inclusion of marginalized workers, especially the young, into the labour‐market. Discusses the increasing political interest in social enterprise and explores evidence for this policy interest, including whether the nature of the governance and management structure of social enterprises influences their social and economic impacts. Reports preliminary stages of the research project and presents evidence gathered through case studies of three unnamed music businesses based in South Wales comprising: a development agency based on co‐operative principles; a loosely organized collective of practitioners and trainers; and a limited liability company. Explains that all three companies began by focusing on hip‐hop music but have developed in different directions and have also developed distinct forms of governance, and this enable the relationship between governance, the music industry, and socio‐economic outcomes to be studied.

Findings

The critical analysis of the potential of social enterprises to achieve social and economic regeneration supports the authors’ own conception of mutual economic activity in terms of what they call “associative entrepreneurship”. Concludes that this concept is needed because the existing definition of social enterprise has become too wide to have analytical value. Notes that the authors hope to present the research findings to a conference of creative industries’ academics in the coming year.

Originality/value

Presents the authors’ preliminary attempts to apply their knowledge of the social economy to the music industry as the first stage of a research project funded by the Welsh Assembly.

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Article
Publication date: 1 January 1983

R.G.B. Fyffe

This book is a policy proposal aimed at the democratic left. It is concerned with gradual but radical reform of the socio‐economic system. An integrated policy of…

Abstract

This book is a policy proposal aimed at the democratic left. It is concerned with gradual but radical reform of the socio‐economic system. An integrated policy of industrial and economic democracy, which centres around the establishment of a new sector of employee‐controlled enterprises, is presented. The proposal would retain the mix‐ed economy, but transform it into a much better “mixture”, with increased employee‐power in all sectors. While there is much of enduring value in our liberal western way of life, gross inequalities of wealth and power persist in our society.

Details

International Journal of Sociology and Social Policy, vol. 3 no. 1/2
Type: Research Article
ISSN: 0144-333X

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