Does Intellectual Capital Investment Improve Financial Competitiveness and Green Innovation Performance? Evidence from Renewable Energy Companies in China

This paper aims to investigate the impact of intellectual capital (IC) and its components on financial competitiveness and green innovation performance. The data are collected from renewable energy companies listed on the Shanghai and Shenzhen stock exchanges during 2013–2018. The modified Value Added Intellectual Coefficient (MVAIC) model is applied as a proxy for IC efficiency, an index system is constructed to systematically measure financial competitiveness, and green innovation performance is measured by the total number of green patents, the number of green invention patents, and the number of green noninvention patents. The empirical results show that IC has an inverted U-shaped relationship with financial competitiveness and no impact on green innovation performance. Regarding IC components, human capital (HC), structural capital, and relational capital positively affect financial competitiveness. HC has a negative impact on green patents, while innovation capital has a positive impact on green invention patents. Physical capital is the main driving force of green innovation performance. This study will help managers to reasonably manage their IC resources to strengthen financial competitiveness and achieve green development.

Multipurpose assessment of the financial competitiveness of a publishing company

The paper considers a set of theoretical, practical and methodological issues related to determining the level of competitiveness of publishing companies by forming an integral assessment. The methodology of the study is the application of the ranking system, the Fishburne method, the definition of the specific weights of indicators, allowing you to assess financial competitiveness of companies, the tools of graphic analysis to calculate the overall integrated indicators that characterize the level of competitiveness of the publishing company. The main findings of the study are to determine the level of competitive potential (LCP) of companies, through integral evaluation. The advantage of the assessment method used is the application of a system of financial, marketing and reputational indicators. This indicator system has made it possible to more accurately determine the level of financial competitiveness and improve the effectiveness of financial and investment decisions made in the publishing industry.

Evaluation and Research on Financial Competitiveness of Innovation-Driven Enterprises Based on Interval Data Mining

By studying the issue of evaluating the financial competitiveness of innovation-driven enterprises, the author proposed a new financial competitiveness evaluation method based on interval data mining. First, in order to effectively utilize the evaluation information that is provided by experts, the author suggested that the 95% confidence interval of the expert group’s evaluation information should be used as the interval evaluation data. Hence, the uncertainty of the evaluation process was effectively reduced, and the reliability of the evaluation results was improved. Then, empirical analysis was conducted on the financial competitiveness of an innovation-driven enterprise and its competitors using the interval data as the mining object, and a financial competitiveness evaluation method was given. The financial competitiveness level of this innovation-driven enterprise was analyzed according to the influence factors and overall situations, and suggestions to improve the innovation-driven enterprise’s financial competitiveness were provided in a targeted way. Finally, a discussion was made on how to strengthen the financial competitiveness of the innovation-driven enterprise with respect to five aspects.

Essence and content of the assessment of the financial condition of the firm's. Monograph

The content and main target setting of the financial analysis is the assessment of the financial condition and identification of the possibility of improving the efficiency of the economic entity through sound financial policy. Financial condition of an economic entity is a characteristic of its financial competitiveness (i.e. solvency, creditworthiness), use of financial resources and capital, fulfillment of obligations to the state and other economic entities. Содержание и основная целевая установка финансового анализа - оценка финансового состояния и выявление возможности повышения эффективности функционирования хозяйствующего субъекта с помощью рациональной финансовой политики. Финансовое состояние хозяйствующего субъекта - это характеристика его финансовой конкурентоспособности (т.е. платежеспособности, кредитоспособности), использования финансовых ресурсов и капитала, выполнения обязательств перед государством и другими хозяйствующими субъектами.

An Empirical Study on the Financial Competitiveness Evaluation System of Stock Exchange Listed SMEs of Gujarat, India

The purpose of this study is to identify the financial factors that enhance the financial competitiveness of small and medium enterprises (SMEs) in Gujarat, India. The principal component analysis has been applied to extract the financial factors from financial performance ratios of a sample size of 38 stock exchange SMEs, based in Gujarat, India. The ranking has been given to the SMEs based upon their factor score and comprehensive score. The results show that profitability, management efficiency, liquidity and leverage factors are the major factors affecting the financial competitiveness of SMEs. The study covers only one state of the country, and the findings from different states may differ and need to get verified. Despite the highest contribution of SMEs in the GDP of India, there exist very few Indian studies on SME competitiveness. This study contributes to filling this gap.