scholarly journals CAN GOVERNMENT FUNDING REVIVE ZOMBIE ENTERPRISES? EVIDENCE FROM LISTED CHINESE MANUFACTURING ENTERPRISES

2021 ◽  
Vol 22 (6) ◽  
pp. 1633-1654
Author(s):  
Yudi Yang ◽  
Yong Qi ◽  
Shuo Yang
Keyword(s):  
Manufacturing Sector ◽  
Government Funding ◽  
Manufacturing Enterprises ◽  
Different Types ◽  
External Governance ◽  
Scaling Down

This study tests how different types of government funding affect the recovery of zombie enterprises in the manufacturing sector of China. The results show that funding for production and innovation can revive zombie enterprises in expanding industries, while funding for interest cannot. Furthermore, funding for production and innovation can share costs, increase investment in selling or innovation, and promote the scaling down of businesses through external governance effects, helping zombie enterprises to recover. Finally, none of the funding types can revive zombie enterprises in contracting industries; these can recover only through access to larger overseas markets.

scholarly journals Intangible Assets and Labor Productivity Growth

Economies ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 82
Author(s):  
Carolina Hintzmann ◽  
Josep Lladós-Masllorens ◽  
Raul Ramos
Keyword(s):  
Labor Productivity ◽  
Productivity Growth ◽  
Intangible Assets ◽  
Manufacturing Sector ◽  
Intangible Asset ◽  
Labor Productivity Growth ◽  
Eu Member States ◽  
Different Types ◽  
European Economies ◽  
D Investment

We examine the contribution to labor productivity growth in the manufacturing sector of investment in different intangible asset categories—computerized information, innovative property, and economic competencies—for a set of 18 European countries between 1995 and 2017, as well as whether this contribution varies between different groups of countries. The motivation is to go a step further and identify which single or combination of intangible assets are relevant. The main findings can be summarized as follows. Firstly, all the three different categories of intangible assets contribute to labor productivity growth. In particular, intangible assets related to economic competences together with innovative property assets have been identified as the main drivers; specifically, advertising and marketing, organizational capital, research and development (R&D) investment, and design. Secondly, splitting the sample of European Union (EU) member states into three groups—northern, central and southern Europe—allows for the identification of a significant differentiated behavior between and within groups, in terms of the effects of investment in intangible assets on labor productivity growth. We conclude that measures promoting investment in intangibles at EU level should be accompanied by specific measures focusing on each country’s needs, for the purpose of promoting labor productivity growth. The obtained evidence suggests that the solution for the innovation deficit of some European economies consist not only of raising R&D expenditure, but also exploiting complementarities between different types of assets.

Typisierung der Tarifvertragslandschaft / Identifying Types of Flexible Bargaining Agreements Using Cluster Analysis

2007 ◽  
Vol 227 (3) ◽  
Author(s):  
Wolf Dieter Heinbach ◽  
Stefanie Schröpfer
Keyword(s):  
Cluster Analysis ◽  
Collective Bargaining ◽  
Manufacturing Sector ◽  
Data Set ◽  
Different Types ◽  
And Cluster Analysis

SummaryThe introduction of opening clauses in collective wage agreements allowing firms to deviate from their collective bargaining agreements has become widely accepted for the last fifteen years. With respect to the flexibility agreed through collective bargaining, the distinctions between single collective bargaining areas of the same industry have increased. Hence, the economic idea of uniform industry-wide central collective bargaining agreements is no longer tenable. The data set of the IAW used in this article provides differentiated information about opening clauses in collective wage agreements. By means of correspondence and cluster analysis, seven groups of collective bargaining areas are identified, which differ in the type of opening clauses introduced. Over the period from 1991 until 2004, the examination of dynamic aspects of these seven groups exhibits typical paths of development towards an improved flexibility agreed through collective bargaining. Furthermore, the conjunction of the data set with the German Structure of Earnings Survey of the years 1995 and 2001 makes it possible to show the relevance of the different types of single collective bargaining areas for employment and industries of the German manufacturing sector.

The Research on Classified Construction Mode of Manufacturing Enterprise Logistics Informatization

2013 ◽  
Vol 694-697 ◽  
pp. 3492-3497
Author(s):  
Jun Liu ◽  
Yan Qian ◽  
Ya Wen An
Keyword(s):  
Development Mode ◽  
Manufacturing Enterprise ◽  
Manufacturing Enterprises ◽  
Cooperative Development ◽  
Discrete Manufacturing ◽  
Different Types ◽  
Process Manufacturing ◽  
Enterprise Logistics ◽  
Business Requirements ◽  
Construction Mode

Logistics informatization construction is vital to development of manufacturing enterprises. Choosing appropriate logistics informatization construction mode can make manufacturing enterprise save investment under the premise of ensuring their business requirements. Firstly, the paper divided manufacturing enterprises into process manufacturing enterprises, discrete manufacturing enterprises and hybrid manufacturing enterprises in accordance with the organization way of the production process; according to the scale they can be divided into micro-manufacturing enterprises, small and medium sized manufacturing enterprises and large (including group) manufacturing enterprises. Then summed up the main logistics informatization mode and generalized the construction mode of logistics informationization as follows: purchasing commercial software mode, enterprise independent development mode, outsourcing development mode, leasing mode and cooperative development mode. Finally studied different types of manufacturing enterprises should adopt what kind of construction mode of logistics informationization.

scholarly journals Manufacturing performance system for SMEs: A prioritization of KPIs with fuzzy analytic hierarchy process

2020 ◽  
Vol 19 (3) ◽  
pp. 1-9
Author(s):  
Hien N. Nguyen ◽  
◽  
Nhan H. Huynh ◽  
Cuong T. Nguyen ◽  
◽  
...  
Keyword(s):  
Analytic Hierarchy Process ◽  
Balanced Scorecard ◽  
Manufacturing Sector ◽  
Global Market ◽  
Fuzzy Analytic Hierarchy Process ◽  
Analytic Hierarchy ◽  
Manufacturing Enterprises ◽  
Manufacturing Performance ◽  
Performance System ◽  
Hierarchy Process

In today’s increasing competitive global market, large and successful manufacturing enterprises have implemented the system of key performance indicators (KPIs) which drives the performance toward the business objectives; however, this is not the case for small-medium sized enterprises (SMEs) which have been increasingly important for any national economy, especially in manufacturing sector. Although the KPIs can ideally be constructed in accordance with the concept of SMART (Specific, Measureable, Attainable, Realistic, Time-related) or balanced scorecard, but SMEs that are lack of limited resources and expertise could rarely afford to build such systems with the appropriate definition and measurement of KPIs. Therefore, the paper aimed to provide systematically the system of KPIs adaptable to SMEs, to prioritize the importance of each proposed KPI with the application of a fuzzy analytic hierarchy process (FAHP), and to instruct the comprehensive deployment of the SMEs’ manufacturing performance system.

scholarly journals A Research on the Opportunities Available for SMEs in Tamil Nadu in Procuring Funds for their Business Operations

2019 ◽  
Vol 9 (1) ◽  
pp. 3291-3294
Keyword(s):  
Tamil Nadu ◽  
Small Firms ◽  
Manufacturing Sector ◽  
Equity Capital ◽  
Employment Opportunities ◽  
Equal Distribution ◽  
Indian Economy ◽  
Medium Scale ◽  
Manufacturing Enterprises ◽  
Business Operations

SME, synonym for the Small & Medium Scale Industries, considered as backbone for our Country for the simple reason that it contributes to the tune of 40% of the overall industrial production and of course 34% of national exports, to the Indian economy. The Indian Economy’s annual rate shall grow up to 7.8% in 2019 and 8 % in 2020. SMEs play an important and dynamic role in developing the Indian Economy. As per MSMED Act 2006, SMEs are classified as Manufacturing Enterprises according to their investments in plant as well as machinery and service enterprises according to their investments in equipment respectively. Any enterprise engaged in manufacturing of goods by employing plant and machinery comes under manufacturing enterprises category whereas enterprise which is engaged in rendering services comes under service enterprise. Manufacturing enterprises are categorized as micro firms, small firms and medium scale enterprises according to their investments in plant as well as machinery. Similarly, service enterprises are also classified as above based on investments in equipment. Since 2007, registered units under SME have risen to 217981 from 27209 units in Tamil Nadu offering employment opportunities to 1378544 as against 242855 during 2006-07. The SME industries are enjoying various subsidy schemes namely Generator subsidy, Capital subsidy, LT power tariff subsidy, back ended interest subsidy, etc. As per the Govt. of Tamil Nadu notification, there is a credit flow of 46.57% exclusively to MSME industries out of the total disbursements by the banks during the period between April 2017 and December 2017. Their role in Indian Economy is very vital as they provide huge employment opportunities. In fact, India is a country facing unemployment problems for which SME industries have become a great boon as they provide 9 times of employment opportunities in comparison to large industries. SMEs have all merits on their side like adding significant GDP in the manufacturing sector, mitigating imbalance in balance of payment problem in case of exports, increasing the capable entrepreneurs, helping equal distribution of income and wealth etc., However, on the other side, lack of adequate finance is a major issue for SMEs for various reasons attributed like lack of cash flow consistency, inadequate collaterals, non-availability of timely and sufficient credit, huge credit costs, restricted access to equity Capital etc. This article is trying to analyze the blockage of getting adequate finance for SMEs since its inception.

scholarly journals Bridging the ‘Valley of Death’: Can Agile Principles Be Applied in Industry-Academia Research and Innovation Projects?

2021 ◽  
Author(s):  
Irina-Emily Hansen ◽  
Ola Jon Mork ◽  
Torgeir Welo ◽  
Geir Ringen
Keyword(s):  
Knowledge Management ◽  
Management Practices ◽  
Manufacturing Sector ◽  
Government Funding ◽  
Positive Research ◽  
Research And Innovation ◽  
Federal Research ◽  
Innovation Projects ◽  
Knowledge Management Practices ◽  
Valley Of Death

AbstractGovernment funding supports industry-academia research and innovation projects in Norway, sharing the risk of the research component in innovation. However, funding alone may not be sufficient to overcome potential differences in collaborative agendas and ways of working. As a result, positive research outcomes often get stuck in the valley of death, instead of ending up as successful innovations that create value. To contribute to bridging the valley of death, we investigated the importance of six agile principles for collaborative industry-academia research and innovation projects, abbreviated IPN in Norway. The study was limited to the manufacturing sector. We surveyed 124 IPN project leaders (70 from industry; 54 from academia) to evaluate the importance of the knowledge management practices associated with the six agile principles across the three project stages. The statistical analyses indicate the consistency of the agile principles throughout the project stages. This means that agile principles are relevant for IPN projects and can be used as guidelines for improvement of the knowledge management practices. Moreover, the study identifies the agile principles that are perceived as most important to use in different stages of a project. It also identifies the different perceptions of the importance of agile principles of the project leaders from industry and academia. These findings can support project leaders who are implementing agile principles to industry-academia research and innovation projects. The results from the study can also support national and federal research/innovation councils in decision-making when assessing industrial research applications.

scholarly journals Models of evaluating the impact of changes technological and industrial areas in enterprise development

2021 ◽  
Vol 10 (40) ◽  
pp. 253-264
Author(s):  
Roman Sherstiuk ◽  
Eduard Malevski ◽  
Nataliia Marynenko ◽  
Olha Pavlykivska ◽  
Liliya Melnyk
Keyword(s):  
Manufacturing Sector ◽  
Enterprise Development ◽  
Internal Factors ◽  
Industrial Areas ◽  
Industrial Enterprises ◽  
Different Types ◽  
Definition Of ◽  
The Impact ◽  
Artificial Changes

In this paper, the authors demonstrated that the industrial enterprises development is impossible without evaluating changes that occur with technological and manufacturing sector enterprises by external and internal factors. As a result of this study on the ratio of different types of external and internal changes, the authors developed a classification of typical situations in which the technological and production sphere of the enterprise. To address the evaluation of changes in the paper developed a set of models assessing the impact of natural and artificial changes to enterprise development based on consideration of the consequences of different rates of technological and industrial areas researched the company and its competitors and provides a definition of the type of the current situation in which the industrial an enterprise that provides grounds for the development of appropriate strategies and measures for its development.

scholarly journals The Demand for Heterogeneous Capital and Labour Inputs in a Developing Economy

1986 ◽  
Vol 25 (2) ◽  
pp. 127-140
Author(s):  
Prem S. Laumas ◽  
Martin Williams
Keyword(s):  
Cost Function ◽  
Manufacturing Sector ◽  
Manufacturing Industries ◽  
Developing Economy ◽  
Translog Cost Function ◽  
Different Types ◽  
Translog Cost ◽  
Structure Of Production

By using translog cost function this paper examines the structure of production of India's manufacturing sector when heterogeneous labour and capital are employed. It concludes that (a) machinery, equipment and structures are substitutable for different types of labour; (b) non-production workers work more intensively with machines and equipment than production workers in most of the manufacturing industries; (c) non-production workers are substitutable for production workers; and (d) non-production and production workers must be treated as separate labour inputs in production, and machinery and equipment and structures should be treated as separate capital inputs.

Agent-Based Dynamic Manufacturing Scheduling

2006 ◽  
Author(s):  
Weiming Shen ◽  
Qi Hao
Keyword(s):  
Production Efficiency ◽  
Manufacturing Sector ◽  
Shop Floor ◽  
Planning And Scheduling ◽  
Manufacturing Scheduling ◽  
Manufacturing Enterprises ◽  
Intelligent Software ◽  
Regular Production ◽  
Intelligent Software Agents ◽  
Equipment Utilization

Manufacturing enterprises are facing a major challenge to improve their production efficiency in order to survive in a globally competitive market. There is an opportunity to develop and apply intelligent scheduling software tools to improve their productivity and profitability. We have developed a distributed dynamic manufacturing scheduling technology using intelligent software agents. This technology can well address dynamic changes and disturbances in the shop floor locally without disruptions to regular production — a problem that cannot be solved by traditional planning and scheduling systems because these changes and disturbances cannot be predicted in advance. It can significantly improve equipment utilization rates thereby improving the efficiency and productivity of manufacturing enterprises. We have developed software prototype systems within our research facilities. We are collaborating with industrial partners to validate the technology in industrial settings and are looking for a software company in the manufacturing sector to commercialize the technology.

scholarly journals A generic balanced scorecard for small and medium manufacturing enterprises in South Africa

2019 ◽  
Vol 11 (1) ◽  
Author(s):  
Arthur Reynolds ◽  
Houdini Fourie ◽  
Lourens Erasmus
Keyword(s):  
South Africa ◽  
South African ◽  
Balanced Scorecard ◽  
Delphi Study ◽  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Local Economy ◽  
The Balanced Scorecard ◽  
Manufacturing Enterprises ◽  
Medium Enterprises

Background: Prior research confirmed that the balanced scorecard (BSC) can be used successfully at manufacturing small and medium enterprises (SMEs), to assist with sustainability. South African SMEs have a low survival rate despite being a significant contributor to the local economy with the manufacturing sector in particular hampered by negative growth.Aim: The objective of this study was to develop a BSC for manufacturing SMEs in South Africa with measurable key performance indicators (KPIs).Setting: We conducted a Delphi study with cost accounting specialists in different industries.Methods: The development of the generic BSC was facilitated with a Delphi survey and analytical hierarchy process (AHP).Results: The research presents a generic yet flexible BSC for manufacturing SMEs. A total number of 12 generic and 104 specific KPIs were identified. The results revealed a greater emphasis on the financial and customer perspectives that may be conducive to SME sustainability and success.Conclusion: A generic BSC that can be adapted to specific organisational and industry requirements has the potential to enhance SME sustainability and success.

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