THE INFLUENCE OF MANAGEMENT POWER ON ENTERPRISE PERFORMANCE

According to the statistics, from 1980 to 2017, China's economy and investment both showed a tendency of rapid growth, in which the average annual growth rate of GDP was as high as 9%. However, in the process of rapid macroeconomic growth, inefficient enterprise development is found to be hidden at the microlevel, which is caused by the agency conflict between shareholders and managers and the separation of enterprise ownership from the management board. Therefore, in pursuit of personal profit maximization, management tends to have self-serving and inefficient investment behaviors and decisions with the power at hand, thus greatly affecting the performance of enterprises. As a necessary supplement, internal control is substantially an institutional arrangement that is aimed to maximize the realization of organizational goals, coordinate and maintain the relationship of interests between enterprise stakeholders, and avoid the conflicts of interests, which is a significant component of corporate internal governance. The issue concerned in this paper is that in the context of the existing corporate governance system in China, what influence does management power have on enterprise performance? In this paper, the influence of management power on enterprise performance is empirically tested, and recommendations for effective supervision and control of management power systems are provided, as they are expected to have a positive effect on improving enterprise performance and protecting the interests of minority shareholders.

INNOVATION IN RUSSIAN AGRICULTURE: CURRENT STATE AND PROBLEMS

The article explores the issues of innovation in the area of agriculture of the Russian Federation. The specifics of the industry and the importance of innovations in this area for the state and the involved enterprises are determined. In addition to studying theoretical aspects, special attention is paid to the analysis of the recent statistics related to the current state of this industry: on enterprises introducing innovations, the volume of innovative products, the amount of innovation costs of organizations, etc. The key difficulties and trends in the area of innovation in the agroindustrial complex of the country are also identified. As a result of this study, a conclusion is formulated concerning the effectiveness of the implementation of the innovative component in the production, organizational and other areas of enterprise activities along with some recommendations developed to strengthen the innovative development of enterprises in the sector in question.

MERGERS AND ACQUISITIONS AS A SOURCE OF BUSINESS RESTRUCTURING

This paper investigates the sophisticated essence of mergers and acquisitions (M&A) as a source of business restructuring in the industrial world, including manufacturing and service industries. It presents the picture of assumed purposes and conditions for such M&As and the outright benefits of M&As for businesses. The authors consider the characteristics, trends as well as success cases in the M&As field. Several research methodologies are implemented to analyze the business environment and identify the goals and the strategies to be developed for the purposes of M&As on the basis of comparative analysis of the successful real-life examples of M&As.

THE IMPACT OF ISLAMIC BANKING AND FINANCIAL PERFORMANCE: THE CASE OF DUBAI ISLAMIC BANK

Due to the fast growth of the Muslim community, Dubai's Islamic finance industry has been also growing considerably over the last two decades. Muslim financial services may become more popular as the Muslim population expands and its living circumstances improve. The key developing market for religion-based financial products is the Middle East. This study analyzes their impact on the financial performance of Islamic banks. Data for this study was gathered from the platform www.dib.ae, the years of investigation being 2017-2020. The study's limited sample size was heavily influenced by the participants' preference for an Islamic bank over a conventional bank with an Islamic window. Because every IB operating in the GCC was included in the research, Dubai Islamic Bank is considered an excellent representation of the fully fledged Islamic banks. The researchers studied the financial performance indicators of a Dubai Islamic Bank for several years and have found that international principles are used as a guide for Sharia compliance, shareholder rights, and decision-making processes in IBs' governance and accounting standards. However, laws must be adapted to the country's specific environment in order for the bank to function properly. Managers must make sure еру economic competitiveness paradigm can be more easily integrated with the related Islamic values.

IMPACT OF INSTITUTIONAL ENVIRONMENT AND PYRAMIDAL LAYER ON COMPLETION OF CHINESE SOES’ MIXED-OWNERSHIP TRANSACTIONS

This paper utilizes Chinese SOEs that undertake mixed-ownership transactions in 2019 as its research objects and discusses the impact of institutional environment (including the degree of marketization and governmental hierarchy) on the completion of mixed-ownership transactions. In addition, this study explores the moderating effect of pyramidal layer and the munificence of payment on the above relationships. The empirical results show that the main effect hypothesis is supported. Furthermore, pyramidal layer weakens the positive correlation between the marketization and the completion of mixed-ownership transactions, and strengthens the negative correlation between governmental hierarchy and the completion of mixed-ownership transactions. The munificence of payment has no significant moderating effect on the relationship between marketization and completion of mixed-ownership transactions; however, it weakens the negative correlation between the governmental level and the completion of mixed-ownership transactions.

KNOWLEDGE AND CAREER: AN APPROACH OF CASE ANALYSIS

This paper aims to explore the potential relationship between knowledge and career based on an approach of case analysis. Semi-structured interviews and case analysis were adopted to collect and analyse the qualitative data. The findings reflect that, (1) knowledge walks out the door when employees leave; (2) career as the repository of knowledge; (3) career move results knowledge update or vice versa. The results contribute to the existing literature by laying a theoretical foundation for the further study on the link between knowledge management.

STUDY ON THE MANAGEMENT OF NEW GENERATION EMPLOYEE SEPARATION IN STATE-OWNED COMMERCIAL BANKS: TAKE X BANK AS AN EXAMPLE

After China’s financial industry having entered into rapid development with China’s accession to the WTO, joint-stock commercial banks have also risen in various places, and the number of branches established by foreign banks in China has gradually increased, showing that they were once monopolized as China’s financial industry continues to reform and develop. The status of the four state-owned joint-stock commercial banks has been shaken. This paper focuses on the definition and characteristics of the new generation of employees, using Bank X as an example, the current development of Bank X and the current development of the new generation of Bank X employees, and the negative impact of the new generation of Bank X employees after their departure. A comprehensive analysis of the reasons for their resignation was conducted, and on this basis, the countermeasures were put forward to reduce the turnover rate of the new generation of employees in state-owned commercial banks, hoping to provide a proper resignation management plan, so that Bank X can proceed from its own reality and strengthen the state-owned company. The commercial bank management and construction adopt corresponding strategies to reduce the turnover rate of the new generation of employees and stabilize the countermeasures of talent team building.

THE EFFECT OF BITCOIN ON THE GLOBAL ECONOMY IN THE CONTEXT OF THE EVOLUTION OF CONCEPTS RELATED TO DIGITAL DEVELOPMENT

This study intends to sort out what will be the normal choices of the customary financial frameworks and how the world economy will draw in and manage those normal other options. Since technological improvement is profoundly quick and momentous, it is imperative to comprehend the discernments, practices, correspondence, and the possibility of selection of those other options. Advanced monetary standards and cryptographic forms of money are non-customary financial monetary forms that depend on something referred to as blockchain innovation. There is an excessive number of advanced digital forms of money these days, all of them having their own attributes and specificities. A portion of those advanced digital currencies will be studied in this research. It is imperative to mention here that only one out of every odd nation acknowledges the progress in this area, and such nations arrangement are often influenced by their World Bank rank — low, lower-middle, upper-middle, and high-income countries. More, this research looks at the social side of bitcoin and blockchain development in these nations. Bitcoin is tremendously influencing the economy overall. That’s why it quickly became of interest for many financially trained professionals and academicians. Unfortunately, this type of money has been increasingly used for criminal activities too. This research discusses all these sides as well as the important impacts bitcoin has on the population.

THE IMPACT OF INVENTORY CONTROL PRACTICES ON COST REDUCTION: THE CASE OF LEBANESE RETAIL COMPANIES

Inventory is a significant aspect in administration of items and services or other commodities that are kept in storage by companies and organizations. The research deals with four research variables which are vendor management inventory, lean practices, inventory management and strategic supplier management in their relation to the performance of retail companies. The research is based on the use of the mixed study approach, which aims at defining the effects of inventory control on cost reduction and operational performance of retail firms in Lebanon. The research addressed 123 respondents from the two companies. Also, the researcher has carried out six interviews with three managers from each of these two companies. The data was collected using Google forms, and then analyzed using SPSS. Descriptive analysis, inferential statistics and normality distributions were used to analyze the collected data, and the research has found a direct relationship between vendor inventory management, inventory stock taking, lean practices and strategic supplier relationships and the operational performance of the companies in question. The research recommended three new models to be implemented in further studies, and these models include the independent variables as a dependent variable.

ENHANCING DIGITAL LITERACY OF SENIOR CITIZENS

As information and communication technology (ICT) becomes part of our life, we need to understand how to effectively use it. Especially, when internet can be reached by all, money transaction and buying products/services through online platform becomes normal. Because of this, digital technology can help to complete our needs. This research, thus, aims to analyze senior citizens behavior and to enhance their digital literacy. Population of this research is Thai senior citizens who are aged 60 and over. 35 samples are selected using purposive sampling method. Then data has been collected using questionnaire via online platform. Statistics used in this research include average, mean, frequency, standard deviation, and t-test. The results show that senior customers often use digital technology when they transfer money to another account and purchase products online. The product/service they brought normally is household goods, food, and drink. After the seniors learn how to use digital technology from our instructional media, they have increased a digital literacy rate significantly at statistical level of .01.