简介:ThestrategyofdiversificationhasbecomeanimportantapproachtoenterprisedevelopmentAsuccessfuldiversificationstrategydependsmainlyonthecorrectbusinesschoice.Beforechoosinganewbusiness,wemustidentifythecorecompeteneiesoftheenterpriseandresearchtheattractionandcriticaisuccessfactorsofthetargetbusiness.Thenweshouldmakesurewhetherthecorecompetenciesmatchthecriticalsuccessfactorsornot.Thenewbusinessshouldbeusefulforcuitivatingsustainablecompetitiveadvantage.
简介:Withtheimplementationoftheopeningpolicy,theBankofChina(BOC)startedlendingtoforeignfundedenterprisesearlyinthe1980s.Attheendof1993,50percentofforeignfundedenterprisehadopenedaccountswiththeBOC.BOChasmadeUSdollarloansworth$16.8billion,andRMBioansof¥135.55billiontoforeign-funded
简介:SinceOctober2008,China'ssocialconsumptionofelectricityhad,forthefirsttime,grownnegativelycomparedtothesameperiodofthepreviousyear,andinNovemberthenegativegrowthrangefurtherexpanded.Themajorpressurefacedbytheelectricityindustryhasnowturnedfromthecontradictionbetweencoalandelectricitytoelectricityquantity.Thisisundoubtedlyatrueandnewtesttoelectricityenterpriseswhichgetusedtohighgrowthbutarenowsufferinggreatlosses.Thereformofelectricit...
简介:Thisstudyexamineshowtheexogenousfinancingandstate-ownershipfeaturesaffecttheenterprises’productivitybyobservingthefinancingdataof1,481Chineselistedenterprisesovertheperiod2001-2016.Theresultshowsthatlong-termloanhasapositiveimpactonenterprises’productivity.Short-termloanandaccountpayablehaveanegativeimpactonenterprises’productivity.Also,wefindthatstate-ownershipfeatureshaveanegativeimpactonenterprisesproductivity.Moreover,thispaperinvestigatestherelationshipbetweenenterprises’productivityandthedegreeofregionaleconomicdevelopmentmeasuredbyGDPonprovinciallevel.Theresultshowsprovincialeconomicdevelopmentispositivelyrelatedtotheenterprisesproductivity.ThesefindingsareusefulforbothrelatedauthoritiesandenterprisesforbetterunderstandingofthefinancialchannelsandconstrainsinChinaandthepossiblesolutionstomorediversifiedexogenousfinancing.
简介:SinceOctober2008,China'ssocialconsumptionofelectricityhad,forthefirsttime,grownnegativelycomparedtothesameperiodofthepreviousyear,andinNovemberthenegativegrowthrangefurtherexpanded.Themajorpressurefacedbytheelectricityindustryhasnowturnedfromthecontradictionbetweencoalandelectricitytoelectricityquantity.Thisisundoubtedlyatrueandnewtesttoelectricityenterpriseswhichgetusedtohighgrowthbutarenowsufferinggreatlosses.Thereformofelectricit...
简介:Memberenterprisesengagedinavirtualenterprisearepronetoshirkbothproductiveeffortsandrisksbecausetheireffortsareunobservabletoanyothermemberenterprises.Howtodesignarevenuesharingcontracttopreventthememberenterprisesfromfreeridingisoneofthemostimportantissuestobeconsideredtocutdownrisksthatvirtualenterprisesmaymeet.Basedontheworkofprofitsharinginpartnershipsandtheresearchonrevenuesharinginsupplychainsandjointventures,weproposeamodeloftherevenuesharingcontractaimedatcoordinatingavirtualenterprisecomposedofnrisk-aversememberenterpriseswhereeverymemberenterpriseperformsdifferenttasksandcontributesdistinctcoreresources.Wecharacterizetheoptimalproductiveefforts,risk-takenandincentiveintensityintherevenuesharingcontract,andindicatethatimprovingtheevaluationprecisionofproductiveeffortsandselectingweaklyrisk-aversememberenterpriseswithclosepowerarethekeyfactorstothesuccessofVEs.
简介:Theenterprisecoordinatessocialresources,whichchangesthedialoguebetweenhumanandtheenviron-mentintothatbetweenenterpriseandenvironment.Theprofit-makingcharacterofenterpriseleadstotheabandon-mentofenvironmentalethics.Enterprise,whichhasthecapabilitytosolveenvironmentalproblems,however,lacksthemotivetodoit.Ithascontrollingpoweroversocietyandshouldassumetheresponsibilityofenvironmentalprotection.Foritslackofenvironmentalconscience,theexternalinstitutionalarrangementsshouldbemadeforenterprise.Thestrategyforenvironmentalcostshouldbedesignedinconnectionwiththeinterestorientationofen-terprise.Andvariouslegalmeasuresinconstitutionallaw,sociallaw,civillaw,administrativelawandcriminallawshouldbeutilizedtoregulateenterprise'sbehaviorsregardingenvironmentalprotection.