Innovation-driven development strategy and research development investment: a case study of Chinese sport firms

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Gang Chen ◽  
Luke L. Mao ◽  
Nathan David Pifer ◽  
James J. Zhang
Keyword(s):  
Development Strategy ◽  
Industrial Sector ◽  
High Tech ◽  
Financing Constraints ◽  
Corporate Management ◽  
Linear Regression Models ◽  
Content Type ◽  
Tax Relief ◽  
The Government ◽  
D Investment

PurposeThis study investigated the effectiveness and applicability of China’s innovation-driven policies on encouraging sports firms to invest in research and development (R&D) activities.Design/methodology/approachThrough a series of multiple linear regression models, this study examined the direct and interaction effects of innovation-driven polices and firm characteristics on R&D investment for sport firms listed on the New Third Board in China.FindingsResults showed that financing constraints and certification as a high-tech enterprise were not themselves significant predictors of R&D investment; instead, the number of R&D staff and a firm's total assets were identified as key internal factors predicting the level of a firm's R&D investment. Other effective policy tools for stimulating Chinese sport firms' R&D investments included pre-tax deductions of R&D expenses, government R&D subsidies and income tax relief for high-tech enterprises, although their effects were heterogeneous.Research limitations/implicationsThis study observes a new theoretical discovery that when the financing constraints do not limit R&D investment, innovation-driven strategies remain effective tools to stimulate the R&D investment of sports firms.Practical implicationsThe findings provided practical guidance for both government–industry policymakers and sport business managers to prioritize the identified areas of significance when promoting R&D.Originality/valueFirst, this study focused on sport firms, which constitute a quickly growing industrial sector in China. The findings offered important insights for the government as well as corporate management with regard to promoting new industries and new enterprises. Second, this paper analyzed the effects of three special innovation-driven policies on R&D investment and explored enterprise innovation development in more detail. Third, this paper discussed not only the effects of innovation-driven policies on R&D investment but also the heterogeneity of their effects. The related conclusions could help improve the development, implementation and assessment of innovation-driven policies.

scholarly journals Menemukan Strategi Pengembangan Kawasan Industri Melalui Analisis Sektor Unggulan Kota Binjai

2016 ◽  
Vol 4 (1) ◽  
pp. 45
Author(s):  
Dessy Eresina Pinem
Keyword(s):  
Service Sector ◽  
Building Materials ◽  
Optimal Growth ◽  
Industrial Area ◽  
Industrial Sector ◽  
Local Potential ◽  
High Tech ◽  
Multiplier Effects ◽  
The Government ◽  
The Right

<pre><em>The industrial sector is a primary sector has the potential to create a progressive growth in a region. The growth in the region rely on the industrial sector was driven by sales of production, employment, and other multiplier effects so </em><em>that </em><em>many </em><em>of </em><em>districts or cities in North Sumatra </em><em>try</em><em> to develop this sector. The industr</em><em>y </em><em>that can be developed </em><em>is</em><em> an appropriate industrial potential and local resource to be optimal growth in the region. In RTRW Kota Binjai years 2011 - 2030, District of North Binjai designated as an industrial area. Industries that are planned to be developed are a high-tech industry. But the problem is whether the type specified in the RTRW industry is the industry that corresponds to the potential of local resources and the District of North Binjai? The purpose of this paper is to find the right industry to be developed by local potential or excellence, especially in the District Binjai Utara Binjai. The analytical tool used is the analysis of LQ, shift share and SWOT discovered the potential and advantages that can be seen Binjai compliance with industry directed by RTRW. The analysis </em><em>results </em><em>show that the industrial sector is not a primary</em><em> </em><em>sector or potential sector in Binjai. The results of LQ and shift share analysis show that the sector with the potential to be developed in Binjai was the construction sector, finance, and services. The similarity with the RTRW policy is only in the service sector. This shows that the service sector can be developed while the computer industry, multimedia, publishing, and printing) is not in accordance with the local potential. However, if the government still wants to develop the industrial sector in North Binjai, there should be diversification strategies, namely building-related industry sectors, such as industry superior building materials and mining industries.</em><em></em></pre>

Exploring governments' role in mergers and acquisitions using IVIF MULTIMOORA-COPRAS technique

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Evans Opoku-Mensah ◽  
Yuming Yin ◽  
Love Offeibea Asiedu-Ayeh ◽  
Dennis Asante ◽  
Priscilla Tuffour ◽  
...  
Keyword(s):  
Assessment Method ◽  
Ratio Analysis ◽  
Multi Objective Optimization ◽  
Government Officials ◽  
Content Type ◽  
Training Support ◽  
Multi Objective ◽  
Tax Relief ◽  
Specific Order ◽  
The Government

PurposeExisting studies have found that most merger and acquisition (M&A) activities do not create the intended synergy. These studies have mainly investigated how firms' internal factors contribute to M&A successes or failures. The current study differs from the earlier ones by exploring how governments' activities can contribute to the creation of acquisition synergy.Design/methodology/approachA novel technique based on multi-objective optimization by ratio analysis and complex proportional assessment method under an interval-valued intuitionistic fuzzy (IVIF) environment is proposed to prioritize these government roles needed during the M&A process focusing on the Chinese M&A market.FindingsEnactments of regulations and loan guarantees are the most important strategies to help Chinese acquirers overcome acquisition failures. While tax relief ranks third, government training support ranks fourth. Finally, the result shows that government institutional support is the least to help acquirers overcome acquisition failures.Practical implicationsThe government has a role to play in the acquisition success. Although this study has prioritized governments' role in relative importance order, the authors recommend that governments capable of providing all these strategies should do so without any specific order. However, if otherwise, governments should not neglect the strategies with less weight completely but rather consider reducing capital allocations to such strategies. Moreover, this study shows how firms with stronger business ties with government officials may enjoy success during acquisition activities. The authors recommend that firms intending to make acquisitions develop stronger ties with governments in order to benefits from governments.Originality/valueThis is the first study to develop a theoretical framework showing how government can contribute to M&A success. The study achieves this by extending Keynesian's arguments and identifies five (5) ways in which governments can ensure acquisition success. Second, within fuzzy multi-criteria decision-making (F-MCDM) research, this study is the first to show the applicability of integrated multi-objective optimization by ratio analysis (MULTIMOORA) and complex proportional assessment (COPRAS) techniques in an IVIF environment. The novel methodology proposed in this study offers an insightful research method to future studies focusing on group decision problems.

China's boom in entrepreneurship comes at a heavy cost

2018 ◽  
Keyword(s):  
Economic Growth ◽  
Rural Areas ◽  
Small Businesses ◽  
High Tech ◽  
Rural Migrants ◽  
Content Type ◽  
Economic Growth Model ◽  
Promotion Policies ◽  
The Government ◽  
Start Ups

Subject Entrepreneurship in China. Significance The government is pinning its hopes on entrepreneurship to foster a new economic growth model and develop the poorer, rural areas of the country. Recent policies take a two-pronged approach, targeting urban graduates and rural migrants separately. Impacts Policies targeting high-tech innovative start-ups have high potential to boost the quality and quantity of economic growth. Entrepreneurship-promotion policies aimed at start-ups and small businesses will mostly benefit already established enterprises. The supply of credit available to entrepreneurs will fail to meet their huge and growing demand for financing.

Transformation of the Ecuadorian financial system: regulation and response

2015 ◽  
Vol 23 (1) ◽  
pp. 84-102 ◽  
Author(s):  
Luisa Ana Unda ◽  
Julie Margret
Keyword(s):  
Interest Rates ◽  
Development Strategy ◽  
Initial Conditions ◽  
Political Process ◽  
Banking System ◽  
Financial System ◽  
Reform Process ◽  
Motivating Factors ◽  
Content Type ◽  
The Government

Purpose – The aim of this study is to analyse the transformation of the Ecuadorian financial system using the regulatory dialectic approach (Kane, 1977). This research examines the initial conditions and motivating factors of the reform process, as well as the interplay between government and bankers during the period 2007-2012. Design/methodology/approach – Kane’s regulatory dialectic suggests that regulation of financial institutions is a series of cyclical interactions between opposing political and economic forces. Three main stages are identified: thesis (measures and regulatory actions), antithesis (avoidance/lobby against those reforms) and synthesis (adaptive reregulation resulting from the interaction between interest groups). Findings – Since 2007, the government focused on regulating interest rates, developing a liquidity fund for banking emergencies, increasing taxation and restricting international capital flows. These government initiatives took place against a background of conflicting interests. Private bankers opposed the majority regarding them as burdensome new rules, rather than enlightened reforms. Publicly, these reforms as intended by the government were seemingly supported. Finally through the political process, they were approved. To date, these reforms have strengthened the financial system, produced encouraging social policy results and placed the financial sector to serve the government’s development strategy. Originality/value – Using Kane’s notion of regulatory dialectic, we explain the process of financial reform in Ecuador as part of a cyclical interaction between opposing forces. Drawing on this framework enabled insight into the nature of government intervention. Hence, we show how that intervention affected the growth, development and structure of the banking system.

Russian economic planners face investment squeeze

2018 ◽  
Keyword(s):  
Interest Rates ◽  
Development Strategy ◽  
Government Spending ◽  
Growth And Development ◽  
Public Investment ◽  
Domestic Investment ◽  
Bond Yields ◽  
Content Type ◽  
Strategic Goals ◽  
The Government

Significance Forecasts of modest GDP growth next year assume a recovery in domestic investment, driven primarily by government spending to deliver a six-year growth and development strategy. Impacts Rising yields on government debt next year may disrupt plans for new issuance. Higher bond yields will add to pressure to raise interest rates. Restricted public borrowing will reduce funds available for public investment. The government is promising more rigorous methods for quantifying strategic goals, but only by end-2019.

Detecting racial bias in algorithms and machine learning

2018 ◽  
Vol 16 (3) ◽  
pp. 252-260 ◽  
Author(s):  
Nicol Turner Lee
Keyword(s):  
Emerging Technologies ◽  
Racial Bias ◽  
Public Policies ◽  
Social Implications ◽  
Workplace Diversity ◽  
High Tech ◽  
Racial Groups ◽  
Content Type ◽  
The Government ◽  
Practical Implications

Purpose The online economy has not resolved the issue of racial bias in its applications. While algorithms are procedures that facilitate automated decision-making, or a sequence of unambiguous instructions, bias is a byproduct of these computations, bringing harm to historically disadvantaged populations. This paper argues that algorithmic biases explicitly and implicitly harm racial groups and lead to forms of discrimination. Relying upon sociological and technical research, the paper offers commentary on the need for more workplace diversity within high-tech industries and public policies that can detect or reduce the likelihood of racial bias in algorithmic design and execution. Design/methodology/approach The paper shares examples in the US where algorithmic biases have been reported and the strategies for explaining and addressing them. Findings The findings of the paper suggest that explicit racial bias in algorithms can be mitigated by existing laws, including those governing housing, employment, and the extension of credit. Implicit, or unconscious, biases are harder to redress without more diverse workplaces and public policies that have an approach to bias detection and mitigation. Research limitations/implications The major implication of this research is that further research needs to be done. Increasing the scholarly research in this area will be a major contribution in understanding how emerging technologies are creating disparate and unfair treatment for certain populations. Practical implications The practical implications of the work point to areas within industries and the government that can tackle the question of algorithmic bias, fairness and accountability, especially African-Americans. Social implications The social implications are that emerging technologies are not devoid of societal influences that constantly define positions of power, values, and norms. Originality/value The paper joins a scarcity of existing research, especially in the area that intersects race and algorithmic development.

Factorial analysis of capacity-building needs of small- and medium-scale building contractors in developing countries

2018 ◽  
Vol 25 (1) ◽  
pp. 357-372 ◽  
Author(s):  
Joseph Asante ◽  
Ernest Kissi ◽  
Edward Badu
Keyword(s):  
Developing Countries ◽  
Capacity Building ◽  
Construction Industry ◽  
Rural Areas ◽  
Critical Role ◽  
Industrial Sector ◽  
Small Scale ◽  
Content Type ◽  
Medium Scale ◽  
The Government

Purpose The needs assessment is the heart of any capacity-building strategy since it determines the design of any intervention, and also helps to prioritise the allocation of resources. Whereas there is a considerable amount of literature on the challenges faced by small- and medium-scale building contractors (SMBCs), very little is known about the needs (support) required by SMBCs. But given the critical role played by SMBCs in the construction industry demands, an understanding of how this sector can be assisted is required. The purpose of this paper is to contribute to the literature relative to capacity building of SMBCs by exploring and examining the needs with the objective to extend the understanding on how to promote and sustain SMBCs to continue their infrastructural delivery at the local and rural areas in Ghana. Design/methodology/approach A questionnaire with five-point Likert scale is administered to 416 respondents, including local government authorities, consultants, first-class contractors and SMBCs using simple random and purposive sampling techniques. Data generated from the survey are analysed using mean score ranking and principal component analysis, thus enabling the findings of the study to be examined under six thematic areas. Findings The SMCs needs identified include anti-corruption measures, job accessibility, technical and technological assistance, favourable fiscal policy, business development support and financial assistance. The findings of the study bring to the attention of policy makers the critical areas that required support by the assistance of SMBCs. In the interim, the study recommends the extension of business advisory services to the SMBCs by National Board of Small-Scale Industries, whilst in the long term, the government must create the necessary business operating environment to promote SMBCs pertaining to the industrial sector of the economy. The SMBCs must also factor the needs into their business operations that can be addressed from within. Originality/value The study suggests the need of SMBCs in building a robust construction industry in developing countries.

Can we-media information disclosure drive listed companies' innovation?—From the perspective of financing constraints

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hongbin Huang ◽  
Yani Sun ◽  
Qingling Chu
Keyword(s):  
Influencing Factors ◽  
Information Disclosure ◽  
Information Source ◽  
Listed Companies ◽  
Least Square ◽  
Financing Constraints ◽  
Content Type ◽  
Innovation Activities ◽  
Enterprise Innovation ◽  
The Government

PurposeThe purpose of this paper is to investigate to what extent the amount, information source and the content of the microblog information disclosure of listed companies could impact on innovation from the perspective of financing constraints.Design/methodology/approachThe propensity score matching (PSM) and two-stage least square (2SLS) are used in estimations to deal with the endogeneity problem.FindingsEvidence shows that the amount of we-media information disclosure significantly drives the innovation of enterprises. The mechanism is that we-media information disclosure drives the innovation by easing the financing constraints and bringing funds to the R&D activities. Further research shows that only the original information can drive the innovation. In particular, the R&D information promotes the R&D input and innovation output more significantly.Practical implicationsThe conclusion of this paper provides a reference for the listed companies to drive innovation with the help of we-media information disclosure, a new solution for the small and medium-sized listed companies in China which have difficulty in carrying out innovation activities due to financing constrains and also provides useful practical enlightenment for the government and the capital market regulatory authorities to issue relevant policies to regulate we-media information disclosure.Originality/valueThis paper introduces a new information disclosure channel--we-media into the research on influencing factors of innovation and discusses the influence of the amount, different sources and disclosure contents from we-media on enterprise innovation, which enriches the existing research on enterprise innovation influencing factors, providing a new perspective for driving enterprises to innovate.

Monetary policy, financing constraints and investment efficiency

2016 ◽  
Vol 7 (1) ◽  
pp. 80-98 ◽  
Author(s):  
Dongping Han ◽  
Peng Zhang
Keyword(s):  
Monetary Policy ◽  
Market Process ◽  
Private Enterprises ◽  
Financing Constraints ◽  
Investment Efficiency ◽  
Content Type ◽  
Management Capacity ◽  
Internal Management ◽  
The Government ◽  
External Management

Purpose – This paper aims to analyze the different impacts of monetary policy on the financing constraints of diverse enterprises from China by introducing the concepts of external and internal management factors, and on the investment efficiency of these enterprises with the help of “Hayek Triangle”. Design/methodology/approach – Based on the concept of human action, this paper builds an empirical model which is remarkably different from previous related researches and conducts an empirical test by using the chosen sample data of 312 Chinese listed private companies from 2003 to 2012. Findings – This paper shows that owing to the differences of management capacity of diverse enterprises, under the condition of the governmental micro-economic intervention in the allocation of credit funds, the loose monetary policy relieves the financing constraints confronted by the enterprises with better external management capacity, and aggravates the financing constraints confronted by the enterprises with better internal management capacity. This paper also shows that the loose monetary policy will distort the market interest rate signal, which in turn falsely directs the enterprises to divert resources from short-term to long-term investment projects. Research limitations/implications – These findings mean that under the condition of the loose monetary policy, contrasted with the private enterprises with better internal management capacity, the investment efficiency of the private enterprises with better external management capacity will be lowered because they are able to acquire more credit funds preferentially and readily. Practical implications – This paper argues that the government should strengthen the ex-post property rights protection for financial transactions, reduce the micro-economic intervention in the credit funds allocation and improve the marketization level of the financial deals. Also, the government should prudently regulate macro-economy by monetary policy. Originality/value – This paper is mainly based on the market process theory of Austrian School, and therefore initiates a totally new perspective for the research of corporate financing.

Mali peace process advances despite terrorism

2016 ◽  
Keyword(s):  
Far East ◽  
High Tech ◽  
Peace Agreement ◽  
Municipal Elections ◽  
Content Type ◽  
North East ◽  
The North ◽  
Un Peacekeeping ◽  
The Government ◽  
Financial Power

Subject Progress on the peace agreement. Significance The decentralisation of political and financial power to appointed interim councils for the five regions of northern Mali is a key element of the 2015 peace deal for northern Mali. The government finally took this key step in mid-October, awarding key posts to the Coordination of Azawad Movements (CMA), which had been fighting for autonomy. This may bind the group more strongly into implementation of the peace deal. Impacts The long delayed municipal elections will be a key test of opposition parties' political strength. Jihadist groups will continue their campaign of violence in the north-east, including raids into Niger. Community grievances and jihadism will fuel continuing local violence in Mopti region in central Mali. The UN peacekeeping force will try to strengthen manpower and equipment, but may find it hard to attract high-tech military contributors. The UN force will also open a base in Menaka, in the far east, to counter the resurgent jihadist threat in this area.

Sign in / Sign up

Export Citation Format

Share Document