Does Accessibility To Different Sources Of Financial Capital Affect Competitive Advantage And Sustained Competitive Advantages? Evidence From A Highly Regulated Chinese Market

2013 ◽  
Vol 29 (4) ◽  
pp. 963 ◽  
Author(s):  
M. M. Fonseka ◽  
Xing Yang ◽  
Gao-liang Tian
Keyword(s):  
Competitive Advantage ◽  
Financial Capital ◽  
Financial Resources ◽  
Competitive Advantages ◽  
External Financing ◽  
Financial Industry ◽  
Chinese Market ◽  
Fair Competition ◽  
Security Regulations ◽  
Different Sources

We investigate whetheraccess to different financial capital sources offers competitive advantages inChina's highly regulated market. To identify sources and analyze financialcapital relationships that affect competitive advantages, we study 6750firm-year observations from 2000-2009. Firms gain competitive advantages whenthey can access internal and external financing in equities, bonds andequity-financed capital. Financial industry reforms benefit large private andgovernment-owned firms. Regional institutional developments help to accesssources of external financial capital. Implications include the need tomobilize external financial resources for small and private firms and furtherreform security regulations to ensure fair competition and sustainability.

scholarly journals METHODICAL TOOLS FOR FINANCING INNOVATION IN THE AGRO-INDUSTRIAL COMPLEX

2019 ◽  
pp. 65-75
Author(s):  
Svitlana HALATUR ◽  
Oleksandr HALATUR
Keyword(s):  
State Funding ◽  
Financial Resources ◽  
Innovation Activity ◽  
Industrial Complex ◽  
Competitive Advantages ◽  
Scientific Approach ◽  
Potential Benefits ◽  
Innovative Potential ◽  
Agroindustrial Complex ◽  
Different Sources

Introduction. Today in the conditions of European integration in Ukraine, the development of industries with a great innovative potential is becoming urgent, which is impossible without attracting funding. Therefore, the methodological toolkit for financing innovation in the field of agribusiness should provide competitive advantages for Ukrainian producers and stimulate economic growth. Purpose. The article is devoted to the study of methodical tools for attracting financial resources into the innovative activities of enterprises of the agro-industrial complex. Results. According to the statistics, it is determined that the main source of financing for innovation activity in Ukraine is the enterprise’s own resources, and the most promising sector for attracting investments in Ukraine is the agro industry. The modern methods of financing innovative activity in the agro-industrial complex are explored in the article. Based on a comparative analysis, the potential benefits and risks of applying the methods of financing the innovation activity of enterprises are determined. The criteria for innovation and investment attractiveness of enterprises that attract financial resources for innovation are proposed. Conclusions. The agro-industrial complex is a priority investment direction for domestic and foreign investors. The scientific approach to the application of financing methods in innovation is required now. In modern conditions various methods of financing the innovation activity of the agro-industrial complex have been formed, among which special attention should be paid to financing through venture capital, the involvement of business angels and the development of state funding and support programs for agribusiness. The optimal way of attracting resources into the agribusiness is to create an optimal structure of financing from different sources. For those who plan to finance innovative activities in the agroindustrial complex, it is advisable to use the relevant criteria of the investment and innovation attractiveness of the enterprise in order to identify the most promising and reliable enterprises.

scholarly journals Diagnostics of the Formation of Financial Capital of Business Entities

2020 ◽  
Vol 25 (1) ◽  
pp. 6-11
Author(s):  
Inna Berhanir ◽  
Keyword(s):  
Financial Stability ◽  
Bank Lending ◽  
Economic Feasibility ◽  
Financial Capital ◽  
Financial Resources ◽  
Competitive Advantages ◽  
Economic Activities ◽  
Modern Economic ◽  
Business Conditions ◽  
Business Entities

Abstract. Introduction. It has been established that the availability of opportunities for mobilizing financial capital is a determining factor in increasing financial potential, ensuring competitive advantages and stable economic development of business entities. A streamlined and efficient process of forming the financial capital of an enterprise allows you to maximize its market value, ensure financial stability and profitability, and minimize the risks of financial and economic activities in the long term. Purpose. The purpose of the article is to study the theoretical provisions and develop practical recommendations for improving the process of forming the financial capital of business entities in modern conditions. Results. The structure of financial capital of Ukrainian enterprises by branches of the economy has been investigated. Changes in the structure of sources of formation of financial resources of Ukrainian enterprises are analyzed, and the main factors that have entailed these changes are considered. The analysis of the dynamics of profitability indicators as the main source of formation of own financial resources of Ukrainian enterprises is carried out. It is proved that an important role in stimulating reproduction processes in the economy is played by bank lending as the main source of financial resources for the current and investment activities of the subjects. The dynamics of the volumes of credit investments of Ukrainian banks was investigated, and the share of overdue loans in the total amount of loans was determined. Conclusions. In modern economic conditions, the optimization of the sources of financial resources of Ukrainian enterprises should be based on the criteria of the latter’s sufficiency, the optimality of their ratio depending on the industry characteristics and specific business conditions, the economic feasibility of attracting them and efficiency. Keywords: financial capital; bank credit; financial resources; profit; liabilities; equity.

The role of innovation in building competitive advantages: an empirical investigation

2018 ◽  
Vol 21 (1) ◽  
pp. 44-69 ◽  
Author(s):  
Prodromos Chatzoglou ◽  
Dimitrios Chatzoudes
Keyword(s):  
Competitive Advantage ◽  
Conceptual Framework ◽  
Empirical Investigation ◽  
Primary Data ◽  
Empirical Literature ◽  
Competitive Advantages ◽  
Manufacturing Companies ◽  
Content Type ◽  
The Impact ◽  
Structured Questionnaire

Purpose Nowadays, innovation appears as one of the main driving forces of organisational success. Despite the above fact, its impact on the propensity of an organisation to develop and sustain a competitive advantage has not yet received sufficient empirical investigation. The purpose of this paper is to enhance the existing empirical literature by focusing on the antecedents of innovation and its impact on competitive advantage. It proposes a newly developed conceptual framework that adopts a three-step approach, highlighting areas that have rarely been simultaneously examined before. Design/methodology/approach The examination of the proposed conceptual framework was performed with the use of a newly developed structured questionnaire that was distributed to a group of Greek manufacturing companies. The questionnaire has been successfully completed by chief executive officers (CEOs) from 189 different companies. CEOs were used as key respondents due to their knowledge and experience. The reliability and the validity of the questionnaire were thoroughly examined. Empirical data were analysed using the structural equation modelling technique. The study is empirical (based on primary data), explanatory (examines cause and effect relationships), deductive (tests research hypotheses) and quantitative (includes the analysis of quantitative data collected with the use of a structured questionnaire). Findings Results indicate that knowledge management, intellectual capital, organisational capabilities and organisational culture have significant direct and indirect effects on innovation, underlining the importance of their simultaneous enhancement. Finally, the positive effect of innovation on the creation of competitive advantages is empirically validated, bridging the gap in the relevant literature and offering avenues for additional future research. Originality/value The causal relationship between innovation and competitive advantage, despite its significant theoretical support, has not been empirically validated. The present paper aspires to bridge this gap, investigating the impact of innovation on the development of competitive advantages. Moreover, the present study adopts a multidimensional approach that has never been explored in the existing innovation literature, making the examination of the proposed conceptual framework an interesting research topic.

scholarly journals The effects of greening the supplier and innovation on environmental performance and competitive advantage

2013 ◽  
Vol 7 (1) ◽  
Author(s):  
Unine Van den Berg ◽  
Jean-Pierre Labuschagne ◽  
Hugo Van den Berg
Keyword(s):  
South Africa ◽  
Competitive Advantage ◽  
Environmental Performance ◽  
Competitive Advantages ◽  
Latent Constructs ◽  
Confirmatory Factor ◽  
Environmental Goals ◽  
The City ◽  
Strength Of Association ◽  
Managerial Innovation

Companies in South Africa should realise the important influence of greening their suppliers and of innovation to achieve environmental goals and competitive advantages. In order to prove this, a questionnaire survey was conducted with 75 companies from 11 industries in the City of Johannesburg Metropolitan Municipality region, South Africa. A confirmatory factor analysis was done, followed by bivariate correlations to determine the strength of association between the latent constructs. Correlations between greening the supplier, innovation, environmental performance and competitive advantages were done. The research found that a green innovative process had a significant effect on environmental performance. Green managerial innovation further had a significant correlation with competitive advantage. The primary result of the study indicated that all the constructs positively related to each other, meaning that greening suppliers, by means of green innovation, leads to an enhanced environmental performance and to competitive advantages.

FACTORS AFFECTING THE COMPETITIVE ADVANTAGES OF CITIMART

2014 ◽  
Vol 1 (4) ◽  
pp. 133-148
Author(s):  
Dr. Pham Hung Cuong ◽  
◽  
Nguyen Van Ngan ◽  
Keyword(s):  
Competitive Advantage ◽  
Market Economy ◽  
World Market ◽  
Marketing Strategies ◽  
High Rate ◽  
Business Strategies ◽  
Living Standard ◽  
Competitive Advantages ◽  
Factors Affecting ◽  
Fast Development

According to Porter (1985), in the market of competition, competitive advantage lies in the center of business activities of an enterprise. For this reason, one of the most important factors for any kind of business is to build or construct a good and stable competitive advantage. The wealth of a company cannot be durable if the company does not maintain its competitive advantage. Improving the competitive advantage is one of the first and foremost concerns of every business. In the process of integration, all economies have to try their best to fully compete with each other to gain the best. Among the economy sectors, the retail enterprises are of those who have to apply marketing strategies to strengthen their competitive advantage. With good and suitable marketing strategies, businesses can increase the number of their customer, have goods and products attractive to consumers and finally gain the expected profits. In Vietnam, the market economy started at the end of 1986, much later than the world market economy, so the application of competitive advantages from the macro level to micro level (here the enterprise level) has been slow. For the sector of retailing, especially supermarket retailing, the market scale of Vietnam is much smaller than that of other markets in the region. However, there are basic factors for a fast development in Vietnam such as: big population with the kind of young population, high rate of economic growth rate and non-stop improved living standard. That is the fact that the potential for retailing development in Vietnam is not small and supermarket business in the future is big. In Vietnam, especially in Ho Chi Minh market, there are quite a lot of supermarket chains which are in operation nowadays such as Co-op mart, Citimart, Maximart, B-smart, Shop&Go and so on? These supermarkets are trying their best to gain more customers. For this purpose, the researcher chose Citimart as a case study in this research. Citimart is one of most favorable supermarket in Ho Chi Minh. In this thesis, the researcher studies the factors affecting the competitive advantage of Citimart, and then find out the solutions for the policy makers to have good business strategies of Citimart.

scholarly journals Software administrativo y contable en el sector del vidrio y aluminio. Caso: Departamento de Caldas [Administrative and accounting software in glass and aluminum sector. Case: Caldas state]

2010 ◽  
Author(s):  
Gloria Lucía Cifuentes Holguín
Keyword(s):  
Competitive Advantage ◽  
Competitive Advantages ◽  
Commercial Sector ◽  
Major Benefit ◽  
Frequent Use ◽  
Toma De Decisiones ◽  
Accounting Software ◽  
Potential Tool

Resumen Actualmente, el software administrativo y contable en el sector comercial es de uso frecuente entre las empresas. Sin embargo, la interpretación de la variable tecnológica en el subsector del vidrio y el aluminio es incipiente por las características mismas que la involucra. Por ser empresas tradicionales, no existe la cultura del software muy difundida y quienes la tienen, la subutilizan. Se maneja como un tema maquinal del proceso de la información, más no, para obtener un mayor beneficio de la tecnología a través de una potencial herramienta para propiciar ventajas competitivas, y facilitar los procesos de toma de decisiones dentro de la Empresa. Palabras ClaveSoftware administrativo y contable, Ventaja competitiva, Vidrio y aluminio   Abstract Nowadays, the administrative and accounting software in the commercial sector is of frequent use between the companies. Nevertheless, the interpretation of the technological variable in the subsector of the glass and the aluminum is incipient for the characteristics themselves that it involves her. For being traditional companies, the culture of the software does not exist much spread and those who have it, they sub-use it. It´s managing as a mechanical topic of the process of the information, more not, to obtain a major benefit of the technology across a potential tool to propitiate competitive advantages, and to facilitate the processes of capture of decisions inside the company. Keywords Administrative and accounting Software, Competitive Advantage, Glass and aluminum.

scholarly journals Big Data using Cloud Computing - Opportunities for Small and Medium-sized Enterprises

2016 ◽  
Vol 4 (1) ◽  
pp. 129 ◽  
Author(s):  
Narasimha Rao Vajjhala ◽  
Ervin Ramollari
Keyword(s):  
Cloud Computing ◽  
Big Data ◽  
Fault Tolerance ◽  
Competitive Advantage ◽  
Computer Architecture ◽  
Financial Resources ◽  
Future Research ◽  
Current Trends ◽  
Low Performance ◽  
Research Frontiers

Big Data has been listed as one of the current and future research frontiers by Gartner. Large-sized companies are already investing on and leveraging big data. Small-sized and medium-sized enterprises (SMEs) can also leverage big data to gain a strategic competitive advantage but are often limited by the lack of adequate financial resources to invest on the technology and manpower. Several big data challenges still exist especially in computer architecture that is CPU-heavy but I/O poor. Cloud computing eliminates the need to maintain expensive computing hardware and software. Cloud computing resources and techniques can be leveraged to address the traditional problems associated with fault tolerance and low performance causing bottlenecks to using big data. SMEs can take advantage of cloud computing techniques to avail the advantages of big data without significant investments in technology and manpower. This paper explores the current trends in the area of big data using cloud resources and how SMEs can take advantage of these technological trends. The results of this study will benefit SMEs in identifying and exploring possible opportunities and also understanding the challenges in leveraging big data.

scholarly journals CONSULTING IN THE UKRAINIAN MARKET OF SERVICES AND ITS COMPETITIVE ADVANTAGES

2021 ◽  
Vol 7 (4) ◽  
pp. 72-84
Author(s):  
Natalia Yevtushenko ◽  
Tatiana Halimon
Keyword(s):  
Competitive Advantage ◽  
Graphical Representation ◽  
Quality Of Services ◽  
Expert Assessment ◽  
Target Market ◽  
Competitive Advantages ◽  
Competitive Strategies ◽  
Consulting Services ◽  
Practical Recommendations

The article summarizes the arguments and counterarguments about the peculiarities of formation of competitive advantages on the services market in Ukraine on the example of consulting. Assessment of the development of consulting services market in Ukraine was conducted for ten years (2010; 2011; 2012; 2013; 2013; 2014; 2015; 2016; 2017; 2018; 2019, 2020). Methodology. The use of methods of analysis, synthesis and graphical representation allowed for a theoretical study of the formation of competitive advantages. The use of methods of economic, heuristic and strategic analysis became the basis for estimating the market of consulting services in Ukraine and working out practical recommendations for its development. Results. The author's understanding of the concept of "competitive advantages of the company", the factors of their formation and described the relationship of competitive strategies with the process of their formation. Analysis of the market of consulting services in Ukraine revealed its immaturity, exacerbated by the economic crisis, as well as the institutional vulnerability of consulting. The reasons of unstable demand for consulting services are described. According to the results of the expert assessment the Top 15 Ukrainian consulting companies (2020) out of 102 were determined. The leadership matrix of these companies is built depending on their role in the target market, taking into account the typology of competitive strategies of F. Kotler. The analysis showed the transformation of consulting in Ukraine under the influence of the COVID-19 pandemic and the broad interest in digital and HR consulting. Practical recommendations for the development of the market of consulting services in Ukraine are presented. Practical implications. It is proposed to include the following factors in the formation of the competitive advantages of the consulting company: the quality of services, competence of consultants and productivity of the company. The main competitive advantage is the competence of consultants, the level of which affects the quality of services, the results of the company and its customers. To strengthen the competitive advantage it is recommended to use the standard of consulting services in the activities of Ukrainian companies. Value/originality. The results of the study can be useful for any consulting company wishing to improve its competitiveness and expand the market for its services.

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