scholarly journals Innovation, Mark-Up and Firm Growth: Evidence from China’s New Generation IT Industry

2019 ◽  
Vol 11 (7) ◽  
pp. 2000
Author(s):  
Hongya Li ◽  
Laiqun Jin ◽  
Yuanyao Ding
Keyword(s):  
Growth Rate ◽  
Market Power ◽  
Firm Growth ◽  
Capital Intensity ◽  
Least Square ◽  
Export Demand ◽  
Negative Effects ◽  
Industrial Firms ◽  
New Generation ◽  
The Impact

In this paper, we provide empirical evidence for understanding the growth behavior of China’s new generation of information technology (IT) industrial firms and the impact of innovation and market power on them. Based on the data of China’s new generation IT industrial firms covering the period 2000–2007, we use ordinary least square (OLS) and two-stage least squares (IV-2SLS) methods to study the effects of innovation and markup on the growth of China’s new generation IT industrial firms in the framework of Gibrat’s law. IV-2SLS estimations show that: (1) Innovation and markup have positive and significant effects on the firm’s total revenue growth rate, but have no significant or negative effects on the growth rate of the firm’s total assets and employment. (2) Innovation has a positive and significant effect on the firm’s mark-up. The results indicate that for China’s new generation IT industrial firms which are technology-intensive, improving the technological innovation and market power will reduce the firm’s input and increase the firm’s output. Innovation can significantly increase the firm’s mark-up. (3) From the perspective of the dynamic evolution of a firm’s growth, firm size has a negative and significant impact on the firm growth while firm age has a positive and significant impact on the firm’s growth. In addition, we also examine the different effects of capital intensity and export demand on the firm’s growth.

scholarly journals Assessing the Effects of Market Power on Electricity Reliability in China: Toward a Green and Reliable Market

2022 ◽  
Vol 9 ◽  
Author(s):  
Minghui Liu ◽  
Chunhua Ju ◽  
Ruting Huang
Keyword(s):  
Market Power ◽  
Energy Transition ◽  
Green Energy ◽  
Least Square ◽  
Energy Integration ◽  
Low Carbon ◽  
Negative Effects ◽  
Ordinary Least Square ◽  
Electricity Reliability ◽  
The Impact

The transition to a low-carbon power system is among the measures to forge green energy transition and carbon neutrality, where grid firms have a crucial role. In this context, this paper uses the provincial data from 2004 to 2017 to evaluate the impact of market power of grid companies on service quality in China. Panel dynamic ordinary least square (DOLS) and fully modified ordinary least square (FMOLS) models are employed. The findings indicate that higher market power has indeed reduced reliability measured by average outage duration. Renewable energy integration also has negative effects and reduces electricity reliability. Finally, the effects are also heterogeneous across the different regions. The results may also provide useful lessons for other developing countries aiming to improve the electricity supply chain.

scholarly journals Firm Growth and R&D in the Korean Pharmaceutical Industry

2019 ◽  
Vol 11 (10) ◽  
pp. 2865 ◽  
Author(s):  
Hyunseog Chung ◽  
Soomin Eum ◽  
Chulung Lee
Keyword(s):  
Growth Rate ◽  
Pharmaceutical Industry ◽  
Firm Growth ◽  
Negative Relationship ◽  
High Growth ◽  
Sales Growth ◽  
Young Firms ◽  
The Government ◽  
The Impact ◽  
Positive Effect

We explore the impact of research and development (R&D) on sales growth rate with firm-specific factors under the Korean pharmaceutical industry structure using listed Korea pharmaceutical company data from 2007 to 2018 with the quantile regression technique. We find that R&D intensity has a positive effect on firm growth rate while R&D scale a negative effect on the firm growth rate at the upper quantile, whereas the result is opposite at the lower quantile. Firm size has a mixed relationship with sales growth at the upper quantile, thus Gibrat’s law is rejected in the Korean pharmaceutical industry. Firm age has a negative relationship with the sales growth rate at the upper quantile, which shows the consistent result with previous research that young firms grow faster. Patent persistence has a negative relationship with sales growth at the upper quantile, while a positive effect at the lower quantile. We show that young firms and firms with high R&D intensity contribute to the high growth rate, while the relationship is not clear at the lower quantile. Therefore, policy implication in this research is that the government should pay attention to encouraging and supporting R&D investment activities and small firms as well as consider ways to enhance patent rights.

scholarly journals Impact of COVID-19 on China's macroeconomy and agri-food system – an economy-wide multiplier model analysis

2020 ◽  
Vol 12 (3) ◽  
pp. 387-407 ◽  
Author(s):  
Yumei Zhang ◽  
Xinshen Diao ◽  
Kevin Z. Chen ◽  
Sherman Robinson ◽  
Shenggen Fan
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Food System ◽  
Job Creation ◽  
Value Added ◽  
Annual Growth Rate ◽  
Export Demand ◽  
Potential Cost ◽  
Content Type ◽  
The Impact

PurposeThe purpose of this study is to assess the potential economic cost of the COVID-19 pandemic on China's macroeconomy and agri-food system and provide policy recommendations to stimulate economic growth and agri-food system development.Design/methodology/approachAn economy-wide multisector multiplier model built on China's most recent social accounting matrix (SAM) for 2017 with 149 economic sectors is used to assess the impact of COVID-19 on China's macroeconomy and agri-food system. SAM multiplier analysis focuses on supply chain linkages and captures the complexity of an interconnected economy.FindingsThe paper finds that both the macroeconomy and agri-food systems are hit significantly by COVID-19. There are three main findings. First, affected by COVID-19, GDP decreased by 6.8% in the first quarter of 2020 compared with that in 2019, while the economic loss of the agri-food system is equivalent to 7% of its value added (about RMB 0.26 trillion). More than 46m agri-food system workers (about 27% of total employment) lost their jobs to COVID-19 in the lockdown phase. The COVID-19 affects the employment of unskilled labor more than that of skilled labor. Second, when the economy starts to recover during the second and third quarters, the growth rate in the value added of the agri-food system turns positive but still modest. Many jobs resume during the period, but the level of agri-food system employment continues to be lower than the base. The agri-food system employment recovery is slower than that of other sectors largely due to the sluggish recovery of restaurants. Agri-food system employment drops by 8.6m, which accounts for about 33% of the total jobs lost. Third, although the domestic economy is expected to be normal in the fourth quarter, external demand still faces uncertainties due to the global pandemic. The agri-food system is projected to grow by 1.1% annually in 2020 with resuming export demand, while only by 0.4% without resuming export demand. These rates are much lower than an annual growth rate of 4.3% for the agri-food system in 2019. The results also show that, without resuming export demand, China's total economy will grow less than 1% in 2020, while, with export demand resumed, the growth rate rises to 1.7%. These rates are much lower than an annual GDP growth rate of 6.1% in 2019.Practical implicationsThe results show that continuously reducing economic dependency on exports and stimulating domestic demand are key areas that require policy support. The agri-food system can play an important role in supporting broad economic growth and job creation as SMEs are major part of the AFS. Job creation requires policies to promote innovation by entrepreneurs who run numerous SMEs in China.Originality/valueThis paper represents the first systematic study assessing the impact of COVID-19 on China's agri-food system in terms of value added and employment. The assessment considers three phases of lockdown, recovery and normal phases in order to capture the full potential cost of COVID-19.

scholarly journals Firm Growth as a Driver of Sustainable Product Innovation: Mediation and Moderation Analysis. Evidence from Manufacturing Firms

2021 ◽  
Vol 18 (5) ◽  
pp. 2588
Author(s):  
Ana Labella-Fernández ◽  
M. Mar Serrano-Arcos ◽  
Belén Payán-Sánchez
Keyword(s):  
Product Innovation ◽  
Firm Growth ◽  
Theory Development ◽  
Manufacturing Firms ◽  
Partial Least Square ◽  
Least Square ◽  
Environmental Practices ◽  
Innovation Research ◽  
Sustainable Product ◽  
The Impact

Facing worldwide environmental and social concerns, manufacturing firms are trying to adopt effective environmentally friendly actions to mitigate their environmental impacts. Although the existent literature has provided many insights about the drivers of sustainable product innovation, little is known about the impact of firm growth. Thus, we intend to contribute to this gap in the literature by examining the impact that firm growth can have on sustainable product innovation. To achieve this goal, the partial least square (PLS) modeling technique was used to analyze a dataset of 3250 manufacturing firms from 39 different countries. The results reveal that firm growth exerts a positive effect on sustainable product innovation and that the relationship is partially mediated by the adoption of environmental practices. The findings also indicate that managerial barriers lessen the effectiveness of the adoption of environmental practices in facilitating the development of sustainable product innovation, while improving labor conditions increases it. However, operational barriers do not exert a significant moderating effect between the adoption of environmental practices and sustainable product innovation. These results prompt interesting insights related to theory development in environmental management and sustainable product innovation research.

scholarly journals Impact of seasonal climatic variability on rice yield in Bangladesh

2021 ◽  
Vol 22 (2) ◽  
pp. 165-171
Author(s):  
JAIONTO KARMOKAR ◽  
M. AMINUL ISLAM ◽  
M. RAKIB HASSAN ◽  
M.M. BILLAH
Keyword(s):  
Rice Yield ◽  
Climatic Variability ◽  
Vital Role ◽  
Least Square ◽  
Maximum Temperature ◽  
Negative Effects ◽  
Positive Effects ◽  
Average Maximum ◽  
The Impact ◽  
Boro Rice

In Bangladesh, 75% of the total cultivable area is under rice cultivation producing 25 million tons of rice and plays a vital role in the country’s GDP. The climatic variability is playing an important role in affecting the rice production. In this study, the impact of climatic variability (average maximum temperature (aMaxTemp), average minimum temperature (aMinTemp) and average rainfall (aRainfall)) on rice yield was determined in two different regions (northern and southern) of Bangladesh.The variability of rice yield and climate factors was determined by using the Ordinary Least Square (OLS) method. The data was analyzed over the 44-years period (1971 to 2014) in order to estimate the magnitude of these fluctuations statistically and graphically. We observed that the climate variables had significant effect on rice yield that varies among three rice crops (e.g., Aus, Aman, and Boro rice). We observed that, aMaxTemp has positive effects for Aus and Aman rice yield but negative effect on Boro rice yield. On the other hand, aMinTemp has negative effects on Aus and Aman rice yield but has positive effect on Boro rice yield. The aRainfall has a positive relationship with all rice yields in both the regions.

Family Business Succession and Its Impact on Financial Structure and Performance

2010 ◽  
Vol 23 (2) ◽  
pp. 131-147 ◽  
Author(s):  
Vincent Molly ◽  
Eddy Laveren ◽  
Marc Deloof
Keyword(s):  
Growth Rate ◽  
Family Business ◽  
Firm Growth ◽  
First Generation ◽  
Financial Structure ◽  
And Performance ◽  
Business Succession ◽  
The Impact ◽  
Family Business Succession ◽  
Growth Analyses

In this article the authors study the impact of a family business transfer on the financial structure and performance based on a sample of 152 small- to medium-sized businesses. The aim is to identify the effects of a succession by relying on panel data gathered over the period 1991 to 2006 resulting in more than 2,000 firm–year observations. The main findings are that a transfer from the first to the second generation negatively influences the debt rate of the company, whereas in successions between later generations this effect is reversed. With respect to firm growth, analyses indicate that in first-generation companies the growth rate decreases after the transition, whereas in next-generation firms no effect on the growth level can be identified. Finally, no evidence is found that a family firm's profitability is affected by succession, which shows that a transfer should not necessarily be seen as a negative event in the life cycle of a family business.

scholarly journals Factors Affecting the Competitive Capacity of Commercial Banks: A Critical Analysis in an Emerging Economy

2020 ◽  
Author(s):  
Kieu Oanh Dao ◽  
Le Kieu ◽  
Pham Thuy Tu ◽  
V.C. Nguyen
Keyword(s):  
Market Power ◽  
Commercial Banks ◽  
Fixed Effects ◽  
Stock Exchange ◽  
Generalized Method Of Moments ◽  
Banking System ◽  
Least Square ◽  
Fixed Effects Model ◽  
Factors Affecting ◽  
The Impact

This research was conducted to investigate the factors influencing the commercial bank’s competitive capacity in an emerging country. Data were collected from the domestic-owned commercial banks and foreign-owned commercial banks listed on Vietnam’s Stock Exchange over the period of nine years from 2010 to 2018. Three statistic approaches were employed to address econometrics issues and to improve the accuracy of the regression coefficients: Pooled Ordinary Least Square (Pooled OLS), Random Effects Model (REM), and Fixed Effects Model (FEM). To correct the diagnostics and endogeneity in the model, the study uses Generalized Least Square (GLS) and Generalized Method of Moments (GMM). In order to account for the degree of competitive capacity we use Lerner index. Results demonstrate that the impact of bank-specific characteristics on market power in banks is statistically significant, and there are substantial distinguishments of economic consideration among these factors. In addition, a bank with a higher level of competitive capacity in the previous year will outstandingly generate competitive capacity in the current year. Another possibility, a greater level foreign investment into the banks in the host country could further encourage competitive capacity in the banking system. Finally, economic growth rate has no impact on competitive capacity at a significant level of 5% while a positive effect from inflation on bank’s market power could be found.

scholarly journals Factors Affecting the Competitive Capacity of Commercial Banks: A Critical Analysis in an Emerging Economy

2020 ◽  
Vol 11 (4) ◽  
pp. 241 ◽  
Author(s):  
Le Kieu Oanh Dao ◽  
Thuy Tu Pham ◽  
Van Chien Nguyen
Keyword(s):  
Market Power ◽  
Commercial Banks ◽  
Fixed Effects ◽  
Stock Exchange ◽  
Generalized Method Of Moments ◽  
Banking System ◽  
Least Square ◽  
Fixed Effects Model ◽  
Factors Affecting ◽  
The Impact

This research was conducted to investigate the factors influencing the commercial bank’s competitive capacity in an emerging country. Data were collected from the domestic-owned commercial banks and foreign-owned commercial banks listed on Vietnam’s Stock Exchange over the period of nine years from 2010 to 2018. Three statistic approaches were employed to address econometrics issues and to improve the accuracy of the regression coefficients: Pooled Ordinary Least Square (Pooled OLS), Random Effects Model (REM), and Fixed Effects Model (FEM). To correct the diagnostics and endogeneity in the model, the study uses Generalized Least Square (GLS) and Generalized Method of Moments (GMM). In order to account for the degree of competitive capacity we use Lerner index. Results demonstrate that the impact of bank-specific characteristics on market power in banks is statistically significant, and there are substantial distinguishments of economic consideration among these factors. In addition, a bank with a higher level of competitive capacity in the previous year will outstandingly generate competitive capacity in the current year. Another possibility, a greater level foreign investment into the banks in the host country could further encourage competitive capacity in the banking system. Finally, economic growth rate has no impact on competitive capacity at a significant level of 5% while a positive effect from inflation on bank’s market power could be found.

scholarly journals The capital intensity of photovoltaics manufacturing: barrier to scale and opportunity for innovation

2015 ◽  
Vol 8 (12) ◽  
pp. 3395-3408 ◽  
Author(s):  
Douglas M. Powell ◽  
Ran Fu ◽  
Kelsey Horowitz ◽  
Paul A. Basore ◽  
Michael Woodhouse ◽  
...  
Keyword(s):  
Growth Rate ◽  
Capital Expenditure ◽  
Cost Model ◽  
Capital Intensity ◽  
Sustainable Growth ◽  
Bottom Up ◽  
Barriers To Innovation ◽  
Pv Module ◽  
Sustainable Growth Rate ◽  
The Impact

Using a bottom-up cost model, we assess the impact of initial factory capital expenditure (capex) on photovoltaic (PV) module minimum sustainable price (MSP) and industry-wide trends, including sustainable growth rate and barriers to innovation.

scholarly journals The Effects of Subchronic Exposure to Metribuzin onDanio rerio

2012 ◽  
Vol 2012 ◽  
pp. 1-6 ◽  
Author(s):  
Lucie Plhalova ◽  
Stanislava Stepanova ◽  
Eva Praskova ◽  
Lucie Chromcova ◽  
Lenka Zelnickova ◽  
...  
Keyword(s):  
Growth Rate ◽  
Biochemical Markers ◽  
Histopathological Examination ◽  
Total Body Weight ◽  
Fish Growth ◽  
Negative Effects ◽  
Experimental Conditions ◽  
Subchronic Exposure ◽  
Effect Concentration ◽  
The Impact

The aim of this study was to assess the impact of metribuzin in surface waters on fish under experimental conditions. The effects of subchronic exposure to metribuzin on fish growth and the development of histopathological changes in selected organs (gill, kidney, liver) and on activity of some biochemical markers (CYP450, EROD) inDanio reriowere investigated during a 28-day toxicity test. Juvenile growth tests were performed onD. rerioaccording to OECD method number 215. Fish at an initial age of 30 days were exposed to a range of metribuzin concentrations (1.5, 5, 16, 33, and 53 mg L−1). Exposure to metribuzin at 53 mg L−1was associated with increased mortality. Negative effects with regard to total body weight, length, and the inhibition of specific growth rate were induced at concentrations of 33 and 53 mg L−1. Histopathological examination revealed pathological lesions in the liver in pesticide-exposed fish only at the highest concentration of 53 mg L−1of metribuzin. Based on the results of growth rate, biochemical markers (CYP450, EROD), and histopathological examination, the lowest observed effect concentration (LOEC) value was 33 mg L−1and the no observed effect concentration (NOEC) value was 16 mg L−1.

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