scholarly journals Research on the Financing Performance of Listed Companies on my country's Growth Enterprise Market —Based on DEA-Malmquist index analysis

2021 ◽  
Vol 04 (10) ◽  
Author(s):  
Wang Ding ◽  
Keyword(s):  
Negative Impact ◽  
Malmquist Index ◽  
Listed Companies ◽  
High Tech ◽  
Index Method ◽  
Growth Enterprise Market ◽  
Index Analysis ◽  
Financing Performance ◽  
Gathering Place ◽  
Financing Market

The Growth Enterprise Market, also known as the second board market, is a convenient and simple financing market for small and medium-sized enterprises that cannot meet the listing conditions of China's main board market in the short term and have a small growth and development space. In my country's Growth Enterprise Market, it has become a gathering place for high-tech companies such as biology and information technology, laying a foundation for my country's future development of high-tech technology, and strengthening my country's comprehensive national strength. This paper uses the DEA-Malmquist index method to analyze the financing performance of 10 listed companies on my country's GEM from 2016 to 2020, and draws the results of the study: different years of financing environment are different, which has a greater impact on the financing performance of GEM companies; Problems in the management of the funds raised by the target company’s financing will have a greater negative impact on its financing efficiency.

scholarly journals Research on the Impact of Logistics Technology Progress on Employment Structure Based on DEA-Malmquist Method

2020 ◽  
Vol 2020 ◽  
pp. 1-10
Author(s):  
Xiao-qing Lei ◽  
Jia-jia Yang ◽  
Jian-bo Zou ◽  
Mei-er Zhuang
Keyword(s):  
Panel Data ◽  
Technological Progress ◽  
Malmquist Index ◽  
Listed Companies ◽  
Index Method ◽  
Logistics Industry ◽  
Employment Structure ◽  
The Impact

In recent years, with the vigorous development of e-commerce, the logistics industry has also developed rapidly and has gradually become one of China’s important industries. This paper takes 49 listed companies in the logistics industry in China as the research object and uses the DEA-Malmquist index method to measure the technology progress index of the logistics industry based on their panel data for a total of 10 years from 2008 to 2017. In this way, this article explores the impact of technological progress in the logistics industry and provides a reference for solving the contradiction of employment structure in China

scholarly journals Performance Appraisal of Technological Innovation in Military-Civilian Enterprises—Empirical Evidence from Jiangsu Military-Civilian Integration Enterprises

2020 ◽  
Vol 15 (11) ◽  
pp. 79
Author(s):  
Xiao L. J. ◽  
Xun Z. X.
Keyword(s):  
Performance Appraisal ◽  
Technological Innovation ◽  
Evaluation System ◽  
Malmquist Index ◽  
Innovation Performance ◽  
High Tech ◽  
Dual Use ◽  
Index Method ◽  
Research Objects ◽  
Management Capabilities

The development of military-civilian dual-use high-tech and joint technological innovation is important for military-civilian integration enterprises to develop in-depth military-civilian integration. Taking 10 military-civilian listed enterprises in Jiangsu Province as the research objects, and using DEA-BBC model and DEA-Malmquist index method, this paper constructs an evaluation system for technological innovation performance of enterprises, evaluates and studies the innovation performance from 2016 to 2019. The research shows that the technological innovation performance of enterprises is generally low. The main reasons of this situation are backward technology, low resource utilization, and the uneven management capabilities of enterprises. In addition, this paper provides some suggestions for improving the technological innovation performance of military-civilian enterprises.

scholarly journals Examining Technological and Productivity Change in the Islamic Banking Industry

2020 ◽  
Vol 28 (4) ◽  
Author(s):  
Rindang Nuri Isnaini Nugrohowati ◽  
Faaza Fakhrunnas ◽  
Razali Haron
Keyword(s):  
Technological Innovation ◽  
Banking Industry ◽  
Malmquist Index ◽  
Islamic Finance ◽  
High Tech ◽  
Productivity Change ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Country Level ◽  
Index Analysis

Islamic banking dominates the largest market share of global Islamic finance assets. Thus, the performance of Islamic banks is crucial in shaping the future development of Islamic finance. This study aims to examine the performance of Islamic banks in the perspective of technological and productivity change based on the country level assessment. By adopting the Malmquist Index analysis, this study selected 44 Islamic banks from the top ten countries that had the largest Islamic banking asset for the period from 2015 to 2018. The findings reveal that the average productivity of Islamic banks has increased during the study period. Productivity improvements were supported by technological innovation, which significantly increased the level of productivity. Nevertheless, the high-tech expansion was not followed by an improvement in the efficiency level. This finding explains that the development of banking technology is not able to fully support the development of products and services.

High-tech business in crisis conditions: development trends of large, medium and small enterprises

2020 ◽  
Vol 18 (4) ◽  
pp. 48-58
Author(s):  
Vladislav V. Spitsyn ◽  
Alexander A. Mikhal'chuk ◽  
Anastasia A. Bulykina ◽  
Svetlana N. Popova ◽  
Irina E. Nikulina
Keyword(s):  
Small Businesses ◽  
Negative Impact ◽  
Service Industries ◽  
High Tech ◽  
Small Enterprises ◽  
Mathematical Methods ◽  
Crisis Period ◽  
Knowledge Intensive ◽  
Crisis Conditions ◽  
Medium And Small Enterprises

Leading world countries view innovative development and high-tech business as an opportunity to overcome economic stagnation and decline in economic growth. One of the modern trends in the analysis of high-tech development is the study of high-tech knowledge-intensive service industries and their development in times of crisis. The purpose of the paper is to identify patterns of development of large, medium and small enterprises in high-tech service industries in Russia during periods of crisis. Economic and economic-mathematical methods of analysis are applied to the formed samples of enterprises. The research period is 2013-2017. The financial indicators of enterprises were adjusted for the level of accumulated inflation in relation to 2013. According to results, large and medium-sized enterprises showed insignificant or weak significant positive dynamics of revenue during all years of the crisis period. The crisis period did not lead to a decrease in the revenue of these groups of enterprises. The acute phase of the crisis (2014-2015) had a pronounced negative impact on the group of small enterprises in all studied industries, but they successfully recovered in 2016-2017 and reached the pre-crisis level of revenue. The total revenue by industries and groups of enterprises in 2017 became higher than in 2013, and its growth rates were significant for many groups of enterprises, which indicates a successful overcoming of the crisis period and signs of growth in high-tech service industries. Our study shows the need for state support for small businesses in high-tech service industries in crisis conditions, and identifies the possibilities of adaptation of enterprises in these industries to an unfavorable external environment. Our results may be useful for the purposes of government stimulation of economic development in the current environment.

scholarly journals Environmental, Social, Governance Activities and Firm Performance: Evidence from China

2021 ◽  
Vol 13 (2) ◽  
pp. 767
Author(s):  
Lei Ruan ◽  
Heng Liu
Keyword(s):  
Firm Performance ◽  
Emerging Markets ◽  
Negative Impact ◽  
Listed Companies ◽  
Regulatory Agencies ◽  
Rating Data ◽  
Social Governance ◽  
Environmentally Sensitive ◽  
Regulatory Measures ◽  
A Share

Increasingly noticeable environmental and risk problems have made more and more companies and regulatory agencies realize the importance of environmental, social, and governance (ESG) activities. However, on the question that whether ESG activities have promoted or reduced firm performance, there is still no consensus. Especially for China, a representative country in emerging markets whose corporate ESG activities are still in their infancy and related systems and regulatory measures not complete, its theoretical and practical circles more urgently need to know an accurate answer to this question. Therefore, this article takes China’s Shanghai and Shenzhen A-share listed companies that have ESG rating data from 2015 to 2019 as samples and finds that corporate ESG activities have a significantly negative impact on firm performance. Further research finds that compared with state-owned enterprises and environmentally sensitive enterprises, non-state-owned enterprises and non-environmentally sensitive enterprises provide stronger evidence to support the above conclusions.

scholarly journals The Role of Internal Control in Firms’ Coping with the Impact of the COVID-19 Pandemic: Evidence from China

2021 ◽  
Vol 13 (11) ◽  
pp. 6294
Author(s):  
Peiqing Zhu ◽  
Jianbo Song
Keyword(s):  
Internal Control ◽  
Manufacturing Industry ◽  
Firm Heterogeneity ◽  
Negative Impact ◽  
Risk Prevention ◽  
High Tech ◽  
Obvious Effect ◽  
The Difference ◽  
The Impact

Internal control plays a role in risk prevention for firms when dealing with serious emergencies, which ensures the sustainable development of firms during a crisis. Based on the rapid outbreak of COVID-19 in China, this paper empirically tests whether internal control alleviates the negative impact of the pandemic on firm performance. Using a sample of Chinese listed firms from the first quarter of 2019 to the third quarter of 2020 and employing the difference-in-difference (DID) method, we find that the firms with a higher quality of internal control achieve better financial performance during the pandemic period; the more serious the pandemic is, the more obvious effect internal control plays. Furthermore, we consider the industry heterogeneity and firm heterogeneity of the risk resistance effect of internal control. In the manufacturing industry, which is a “disaster zone” of the pandemic, and the non-high-tech industry with a low degree of digitization, internal control can play a more important role in firms’ performance. Moreover, for state-owned enterprises, and firms with strong financing constraints, the role of internal control is more prominent. The above results provide empirical evidence for the risk prevention function of internal control and shed new light on the measures for firms to resist emergencies in the future.

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