Spatial expansion mode of manufacturing firms in big cities and its impact on firm efficiency: A case study of Beijing listed firms

2021 ◽  
Vol 40 (10) ◽  
pp. 1613-1625
Author(s):  
Keyun ZHANG ◽  
Xiangye PEI ◽  
Author(s):  
Dafydd Mali ◽  
Hyoung-Joo Lim

AbstractIn this paper, we examine the effect of relative/absolute firm efficiency on weighted average cost of capital (WACC). Using a sample of Korean listed firms, we find that WACC is negatively associated with relative firm efficiency (operational performance) suggesting that firms with higher (lower) relatively efficiency are expected to pay lower (higher) capital costs. When we repeat our analysis using absolute firm efficiency (ROA), we do not find a statistically significant relationship. Our results suggest relative efficiency which is estimated as output (sales) divided by the resources that are directly under the control of management is assessed by capital providers and impounded into a firm’s capital costs. Absolute efficiency (ROA) which is estimated as sales divided by total assets is not. Our results suggest that simple accounting ratios used in the accounting literature are not considered as informative to explain borrowing costs compared to relative efficiency that captures managerial operational performance.


2021 ◽  
pp. 096977642110316
Author(s):  
Lorenzo De Vidovich

Today, suburbs and urban fringes are pivotal places for understanding contemporary urban transformations because the majority of the world’s urban population live in suburbs. Suburbanization (i.e. the process of combining the non-centric population, economic growth, and spatial expansion) and suburbanisms (suburban ways of living) are key concepts for observing these transformations, framed under the umbrella of the post-suburban theoretical framework. This paper relies on a post-suburban standpoint as it enables the complexity of the diverse transformations at the urban edges to be addressed. On such basis, this paper discusses the outcomes of a qualitative case study conducted on the most recently built neighbourhood of Fiano Romano, a suburb of Rome that has faced a number of socio-spatial transformations over the past two decades. The study illustrates the diverse complexities related to the provision of welfare services and public amenities such as water and social infrastructures. In so doing, the article unfolds the shape of a ‘new suburbia’ characterized by emerging socio-spatial changes that lie in processes of peripheralization, which characterize many contemporary post-Fordist suburban areas, especially at the present time of the coronavirus crisis. The article points out the centrality of suburban ways of living in studying issues involving both spatial planning and governance of welfare. Furthermore, the article highlights the idea that new inequalities and deprivations are taking place in diverse suburban areas, and that such aspects deserve further governance agendas able to meet the suburban social demands that differ from traditional urban vulnerabilities.


2019 ◽  
Vol 9 (4) ◽  
pp. 43-48
Author(s):  
Rizal Aji Istantowi

4G LTE networks in big cities are already well available. Meanwhile, on small to medium-sized cities, the 4G LTE network is not evenly distributed and maximized. This study chooses the variable tilting antenna to the coverage area, because in sending information from a base station using an antenna. The average RSRP value (dBm) of the existing base station in the calculation with a distance of 200 m is -122.90 dBm, a distance of 500 m is -136.79 dBm, and a distance of 1000 m -147.30 dBm. Meanwhile, in the simulation with a distance of 200 m of -108.22 dBm, a distance of 500 m of -121.81 dBm, and a distance of 1000 m of -132.69 dBm. The coverage area value of the existing base station in the calculation is 5.29%, while in the simulation it is 11.18%. The average RSRP value (dBm) at optimal conditions for calculations at a distance of 200 m is -80.13 dBm, at a distance of 500 m is -94.03 dBm and at a distance of 1000 m is -104.56 dBm. Meanwhile, the simulation at a distance of 200 m is -98.09 dBm, at a distance of 500 m is -112.79 dBm and at a distance of 1000 m is -123.31 dBm. The value of the coverage area for the calculation is 20.32%, while for the simulation it is 15.01%. The current need for base stations in Trenggalek District that has been met is 68%.


2018 ◽  
Vol 7 (3) ◽  
pp. 111 ◽  
Author(s):  
Beatrice Sarpong-Danquah ◽  
Prince Gyimah ◽  
Richard Owusu Afriyie ◽  
Albert Asiama

This paper assesses the effect of corporate governance on the financial performance of manufacturing firms in a developing country. Specifically, the paper investigates whether gender diversity, board independence, and board size affects return on asset (ROA) and return on equity (ROE) of manufacturing listed firms in Ghana. We use the generalized least squares (GLS) panel regression model to analyze the dataset of 11 listed manufacturing firms from 2009-2013. Our result reveals an insignificant representation of women on boards. Also, the empirical result shows that board independence and board gender diversity have significant positive effect on ROE and ROA. However, there is no statistical significant relationship between board size and firm performance (ROE and ROA). We suggest that manufacturing firms should appoint female board members as well as outside directors on their boards as this can make significant contribution to firm’s performance. Our study provides the first comprehensive explicit exposition of corporate governance-performance nexus using data from the manufacturing sector in Ghana.


2018 ◽  
Vol 38 (3) ◽  
pp. 810-827 ◽  
Author(s):  
Sambit Lenka ◽  
Vinit Parida ◽  
David Rönnberg Sjödin ◽  
Joakim Wincent

Purpose The dominant-view within servitization literature presupposes a progressive transition from product to service orientation. In reality, however, many manufacturing firms maintain both product and service orientations throughout their servitization journey. Using the theoretical lens of organizational ambivalence, the purpose of this paper is to explore the triggers, manifestation and consequences of these conflicting orientations. Design/methodology/approach A multiple case study method was used to analyze five large manufacturing firms that were engaged in servitization. Semi-structured interviews were conducted with 35 respondents across different functions within these firms. Findings Servitizing firms experience organizational ambivalence during servitization because of co-existing product and service orientations. This paper provides a framework that identifies the triggers of this ambivalence, its multi-level manifestation and its consequences. These provide implications for explaining why firms struggle to implement servitization strategies due to co-existing product and services orientations. Understanding organizational ambivalence, provides opportunity to manage related challenges and can be vital to successful servitization. Originality/value Considering the theoretical concept of ambivalence could advance the understanding of the effects and implications of conflicting orientations during servitization in manufacturing firms.


Heliyon ◽  
2020 ◽  
Vol 6 (4) ◽  
pp. e03734
Author(s):  
N. Shahrubudin ◽  
P. Koshy ◽  
J. Alipal ◽  
M.H.A. Kadir ◽  
T.C. Lee

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