scholarly journals The Impact of Government Subsidies on Business Performance Based on the Experience Data of China’s GEM Listed Companies

Author(s):  
Tiantian Zhao
CONVERTER ◽  
2021 ◽  
pp. 618-634
Author(s):  
Xiaolin Li

In the process of tourism development, there are some problems that can not be ignored, such as the destruction of natural environment by scenic spot development, unfair competition in the industry, and infringement of employees' rights and interests by enterprises, which directly restrict the development of tourism industry. The issue of tourism corporate social responsibility has been in the sight of global scholars and practitioners. First of all, this paper will study and analyze the relevant theories made so far by scholars and practitioners at home and abroad, to understand the research status of social responsibility of tourism listed companies at home and abroad, as well as the status quo of corporate social responsibility. Secondly, this paper selects 23 domestic tourism listed companies to collect the panel data of their social responsibility reports from 2014 to 2018, and makes an empirical analysis on the sorted panel data through the statistical software Eviews, so as to explore the impact of social responsibility of tourism listed companies on their business performance, And draw the conclusion that tourism listed companies' business responsibility has a positive impact on their business performance, but there is a certain lag in this impact. Based on the research, this paper puts forward some feasible suggestions for tourism enterprises to take the initiative to undertake social responsibility, hoping to provide some help to scholars in related fields and practitioners in enterprises.


2020 ◽  
Vol 4 (2) ◽  
pp. 135
Author(s):  
Zhao Ying

The outbreak of novel coronavirus pneumonia has affected almost all industries and enterprises. This paper analyzes the impact of the epidemic on the macro economy through GDP and other indicators, analyzes the impact of the epidemic on the overall business performance of the enterprises through the asset turnover speed index of the above scale industrial enterprises, and analyzes the impact of the epidemic on the net profit of the listed companies through the first quarter performance forecast of the listed companies. At last, the paper puts forward that enterprises should improve their awareness and ability to resist risks.


Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-15
Author(s):  
Fang Wang ◽  
Deyong Zhu

This study uses China’s Growth Enterprises Market (GEM) listed companies from 2011 to 2017 as samples to examine the impact of industrial policies on innovation in startups from three dimensions, namely, selective industrial policies, government subsidies, and financial support. The results show that selective industrial policies have no effect on the innovation output of startups. Financial support can significantly promote the innovation output of entrepreneurial enterprises; structural differences exist in the impact of government subsidies on the innovation of entrepreneurial enterprises. The influence of industrial policy on the innovation of entrepreneurial enterprises depends on the research and development intensity of enterprises, the level of regional economic development, the leadership structure of enterprises, and other factors. This study’s findings have significant practical significance for the implementation of a national innovation-driven development strategy and to guide industrial policies that better promote enterprise innovation.


Author(s):  
Do Thi Thanh Tram ◽  
Nguyen Thi Minh Hue

This research studies the relationship between equity structure and business performance/ operating results of listed companies on HOSE for three years 2015, 2016, and 2017. This is not only an important aspect of corporate governance but also more important for companies operating in the form of a joint-stock company. The author uses the Enterprise Management System theory and references Xu and Wang's research model applied to Chinese joint-stock companies (1997). The used data is secondary data including indicators showing the company's business results (ROA, ROE, P/B) and equity ratios of shareholders (ownership concentration, ownership components). The research method was performed by regression analysis using SPSS software, in which the dependent variables are indicators of the company's business results, the main independent variables represent the equity structure. After analyzing data, the study has drawn two main results. The first result is that the ownership component of individuals (personal) hurts on the business performance of companies, in contrast to the fraction of equity owned by state and equity owned by legal person/institution (organizational entities) do not have any influence on the linear correlation. The second result is the concentration of ownership has no relation to the business performance of companies. With the above results, this topic can be studied more extensively for all types of other ownership such as domestic shareholders and foreign shareholders; due to both two types increasingly essential for companies and investors in the joint-stock market.


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