Firm Sustainable Growth during the COVID-19 Pandemic: The Role of Customer Concentration

2021 ◽  
Vol 57 (6) ◽  
pp. 1566-1577
Author(s):  
Xuesheng Chen ◽  
Caixia Liu ◽  
Feng Liu ◽  
Mingjie Fang
Keyword(s):  
Sustainable Growth

scholarly journals Innovation Capabilities and the Performance of Start-Ups in Korea: The Role of Government Support Policies

2021 ◽  
Vol 13 (11) ◽  
pp. 6009
Author(s):  
Se-Kyoung Choi ◽  
Sangyun Han ◽  
Kyu-Tae Kwak
Keyword(s):  
Firm Performance ◽  
Financial Support ◽  
Political Support ◽  
Sustainable Growth ◽  
Government Support ◽  
Role Of Government ◽  
Positive Effects ◽  
Start Up ◽  
Start Ups

What kind of capacity is needed to improve the performance of start-ups? How effective are government support policies in improving start-up performance? Start-ups are critical firm group for ensuring the prospective and sustainable growth of an economy, and thus many countries’ governments have established support policies and they are likely to engage more widely in forward-looking political support activities to ensure further growth and expansion. In this paper, the effect of innovation capabilities and government support policies on start-up performance is examined. We used an unbalanced panel data analysis with a random effect generalized least squares. We investigated the effect of government support policies on 4368 Korean start-ups. The findings indicated that technology and knowledge capabilities had positive effects on the sales performance of start-ups, and government financial support positively affected the relationship between knowledge capability and firm performance. However, when government financial support increased, marketing capability was negatively associated with firm performance. These results demonstrate the significant role of government financial support, including its crowding in but also its crowding out effect. Practical implications: To be more effective, governments should employ innovation-driven entrepreneurship policy approaches to support start-ups. To improve their performance, start-ups need to increase their technology and knowledge capabilities. This study extends recent efforts to understand more fully the effect of government support policies on start-ups differing in their technology, knowledge, and marketing capabilities.

An investigation of the control role and effectiveness of independent non-executive directors in Malaysian public listed companies

2015 ◽  
Vol 30 (6/7) ◽  
pp. 582-609 ◽  
Author(s):  
Hairul Azlan Annuar ◽  
Hafiz Majdi Abdul Rashid
Keyword(s):  
Qualitative Research ◽  
Research Design ◽  
Audit Committee ◽  
Listed Companies ◽  
Sustainable Growth ◽  
Executive Directors ◽  
Content Type ◽  
Qualitative Research Design ◽  
Company Directors

Purpose – The purpose of this study is to ascertain the control role of independent non-executive directors (INEDs) in Malaysian public listed companies (PLCs), as prescribed in the Malaysian Code on Corporate Governance (MCCG).The MCCG (2000) requires substantive involvement of INEDs on the audit, nomination and remuneration board sub-committees. The study also examines the effectiveness of INEDs in discharging their monitoring roles in these sub-committees. Design/methodology/approach – A qualitative research design consisting of a series of interviews with board members of Malaysian-owned PLCs on the board of Bursa Malaysia was used. Findings – Interviews with 27 company directors reveal that, due to their independence, INEDs are crucial in safeguarding the interests of smaller investors if situations arise in which shareholders’ interests may be threatened. The interviews also disclose that the audit committee possesses the most authority among the sub-committees, as it derives its power not only from the Listing Requirements but also from statute, as well as being involved in areas of the company not traditionally associated with the committee. The study also reveals the differences in opinion between executive directors and INEDs with regard to the extent of INEDs’ effectiveness. Research limitations/implications – This research utilises interviews. Generalisation may be an issue when interviews are used as the method of inquiry. In addition, the sample is not random, as access to many directors is dependent on recommendations. In addition, the respondents have been consciously selected to cover various board positions, including independent and non-independent directors. Practical implications – The findings from this research suggest that INEDs are able to discharge their responsibilities in overseeing the conduct of executives and protecting the interests of investors. In addition, the interviews disclose that the effectiveness of INEDs depends on how non-executive directors view INEDs being on the board. Rather than focusing solely on their control role, INEDS are expected to have a more proactive and progressive role in ensuring sustainable growth and the expansion of the business entity. Originality/value – There are limited studies using qualitative research design in investigating the effectiveness of INEDs in the control role of the board in developing countries. Prior studies were predominantly based upon the experience of Western economies.

scholarly journals What type of economy Russia needs

2019 ◽  
pp. 32-43 ◽  
Author(s):  
L. I. Kochurova ◽  
Yu. N. Kleshchevskiy ◽  
E. I. Kharlampenkov
Keyword(s):  
National Economy ◽  
Private Property ◽  
Industrial Relations ◽  
Sustainable Growth ◽  
Market Theory ◽  
Party Leaders ◽  
Leading Role ◽  
Scientific Potential ◽  
Market Management

The article proves inevitability of market management of national economy. The authors introduced in academic circulation such notions as ‘business market’ and ‘developed market.’ Serious attention is paid to the role of private property in life of society and organization of national economy. Drawbacks of national economy management in soviet times were shown, incompetence of party leaders was highlighted and this resulted in the fact that ways of coordinating industrial relations with economic laws were not found. The soviet power was not able to use market laws in the interests of the country. Party leaders were not eager to understand the market theory, as market was denied. Reforms were ineffective due to this reason. Today Russia is facing the necessity to choose strategy for the future: it could be an inertial way of neo-liberal reforms and degradation of scientific potential or mobilization of intellectual resources aiming at economy restructuring on the basis of developed market with the leading role of state. The quality of state governance can help renew social sphere, achieve sustainable growth in the standard of living, where the leading role will belong to science of life, man and society.

Role of Social Media and E-Commerce for Business Entrepreneurship

2020 ◽  
pp. 01-18
Author(s):  
Aritra Brahma ◽  
Rajasi Dutta
Keyword(s):  
Social Media ◽  
High Speed ◽  
Online Marketing ◽  
Sustainable Growth ◽  
Modern Times ◽  
Goods And Services ◽  
Global Platform ◽  
Digital Channels ◽  
Day By Day

This paper is an attempt to study the role of social media and e-commerce for business entrepreneurship in modern times. Social media and e-commerce play significant role for development of business enterprises and also for its marketing and sustainable growth. Internet access is most popular in recent days intensifying the use of mobile phones, computers, and laptops leading to a high change in the growth of digital channels both in strength and volume. Social media and internet play an ever-growing role in the lives of consumers. Now consumers are spending more time on social media and internet surfing. Thus the visibility of any product is more available through social media or internet than traditional marketing techniques. Online marketing is flourishing due to social media, people nowadays spend their time on social media and that is great for marketing, there are millions of monthly active users for various sites in social media. Day by day growth of online marketing in the global platform is an evident that the business entrepreneurship is taking place with a high speed. E-commerce website is providing all the goods and services through online portals online today. The increasing number of ecommerce websites.

Going Beyond GDP

2019 ◽  
pp. 241-258 ◽  
Author(s):  
Seyithan Ahmet Ates ◽  
Muradiye Ateş ◽  
Murat Ali Yülek
Keyword(s):  
Social Innovation ◽  
Sustainable Growth ◽  
Added Value ◽  
Alternative Measure ◽  
Economic Methods ◽  
Innovative Solutions ◽  
Monetary Term ◽  
Societal Problems ◽  
Economic Vitality

A redirection towards wellbeing with a view to produce lasting social and economic vitality for the global civilization necessitates moving from conventional economic methods towards innovative solutions, which are necessary to face challenges of today and the future to foster sustainable growth. Social innovation and its agents can be considered as a toolbox which may facilitate a transition by positively influencing wellbeing, developing ways of integrating it into policy, and promoting it as an alternative measure of progress. Social innovation may increase the role of civil society in solving social problems, while sustaining and improving people's wellbeing beyond increasing their welfare in monetary term. By providing up-to-date solutions to challenges ranging from global warming to fair income distribution, and from social innovative entrepreneurs to grass-rooted innovation, social innovation seems to be capable of transforming the society in a way to tackle with a new kind of societal problems, and of exploring new ways to create added value for the economy.

The Challenges of Sustainable Business Development in the Post-Industrial Society in the First Half of the 21st Century

2018 ◽  
pp. 1-22 ◽  
Author(s):  
Vasja Roblek ◽  
Ivan Erenda ◽  
Maja Meško
Keyword(s):  
Sustainable Development ◽  
21St Century ◽  
Business Models ◽  
Sustainable Growth ◽  
Industrial Society ◽  
Sustainable Business ◽  
The Sustainable Development ◽  
Non Profit ◽  
Post Industrial

The purpose of the chapter is to find out the meaning of the sustainable development in the post-industrial society in the first half of the 21st century. The financial crisis that started in 2008 is an indicator of how short-term profitability mindsets and related strategies, policies and actions of individuals and individual organizations can cause global economic, ecological and ethical crises. These events have contributed to the judgement that most organizations operate on business models that are not sustainable. The conceptual content contributes to the ongoing discussion about the increasingly important role of sustainable development as a major concern for the profit and non-profit sector that wish to develop the policies that will enable low but sustainable growth of society.

scholarly journals How Does Entrepreneurial Orientation Influence the Sustainable Growth of SMEs? The Role of Relative Performance

2019 ◽  
Vol 11 (19) ◽  
pp. 5178 ◽  
Author(s):  
Chiho Ok ◽  
He Soung Ahn
Keyword(s):  
Boundary Condition ◽  
Performance Feedback ◽  
Entrepreneurial Orientation ◽  
Firm Growth ◽  
Growth Patterns ◽  
Sustainable Growth ◽  
Relative Performance ◽  
Past Performance ◽  
The Relationship

The answer to the question, “Which factors determine the sustainable growth of small- and medium-sized enterprises (SMEs)?” is still fragmented. While previous studies have paid attention to a firm’s entrepreneurial orientation (EO) as a key driver of SME growth, it is often overlooked that contextual factors can be crucial in order for EO to be effective in yielding sustainable growth in SMEs. This paper focuses on the role of relative performance as a boundary condition in the relationship between EO and sustainable growth of SMEs. We predict that the effect of EO on SMEs’ sustainable growth would differ depending on performance feedback based on their past performance. Our empirical analysis based on panel analysis shows that SMEs strongly pursue sales growth immediately after they achieve lower levels of performance than historical aspiration. However, when their performance goes beyond the historical aspiration level, their growth patterns appear to show a different pattern depending on their level of EO. SMEs with greater EO are more likely to pursue firm growth when performance is above historical aspirations while those with lesser EO are not. Our findings suggest that relative performance is an important boundary condition in the relationship between EO and SMEs’ sustainable growth.

European research, social innovation and successful cooperativist actions

2012 ◽  
Vol 4 (4) ◽  
pp. 332-344 ◽  
Author(s):  
Ramón Flecha
Keyword(s):  
Social Innovation ◽  
Scientific Evidence ◽  
Sustainable Growth ◽  
European Research ◽  
Content Type ◽  
Social Agents ◽  
The Social ◽  
Multidisciplinary Perspective ◽  
Quantitative And Qualitative Methods

PurposeThe aim of this paper is to focus on one innovative way through which the European research is contributing to provide scientific evidence about actions that have been demonstrated to successfully reverse the closed cycle of inequality in which many citizens get caught.Design/methodology/approachThe Communicative Methodology (CM) was applied, combining quantitative and qualitative methods and including the voices of all social agents involved.FindingsThrough the successful actions approach, the INCLUD‐ED project has identified five Successful Cooperativist Actions (SCAs) which have been proven to work in the current economy. Aiming at studying the transferability of the SCAs, the project has analysed how these actions are developed in the case of the Mondragon Corporation and La Estrella and La Milagrosa neighbourhoods of Albacete, the poorest neighbourhoods in Spain.Practical implicationsThe CM promotes the inclusion of the social groups that are researched achieving results of high value for society. This article contributes with SCAs to economy and society, providing venues to overcoming social and economic exclusion.Originality/valueFocusing on the role of the economic sector in tackling the different levels of inequalities from a multidisciplinary perspective, this paper addresses the diverse needs of the general public, scientists, as well as politicians. The implementation of SCAs has been demonstrated to improve different contexts contributing to the inclusive and sustainable growth.

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