The distinct contribution of investment promotion agencies’ branch offices in bringing Chinese multinationals to Europe

This study uncovers the distinct contribution of investment promotion agencies’ (IPAs) overseas branch offices in advancing and even creating foreign direct investment. It offers a novel categorisation of IPAs depending on location and headquarter/branch status, and conceptually connects the known functions of IPAs with the advantages set out by the OLI paradigm. Empirical examination of longitudinal data from 29 European IPAs finds that the activities of their branches in China instilled greater awareness and confidence in Chinese multinational enterprises about their ownership- and European location-specific advantages. This contribution of IPA branches is especially salient in emerging economies with newcomer investors.     

Investigating the causal configurations of cost-efficient firms at the bottom of the pyramid

This study highlights how social and commercial enterprises with local and global presence, balance their economic and social goals, to sustainably serve the bottom-of-the-pyramid (BoP) markets, predominantly in emerging economies. Employing the lens of transaction cost economics and configurational theory, we propose that successful venturing into the BoP markets, sensitize firms to create appropriate governance mechanisms for reducing transaction costs, resulting in creation and capture of values. Further, these mechanisms enable those firms to attain cost efficiency and sustainability in the process of fulfilling their social objectives. To that end, we employed the case survey method to analyse 42 cases, from the Harvard Business School repository, on multinational enterprises (MNEs) in emerging economies. Further, we used qualitative comparative analysis to uncover the various causal governance configurations that enabled those firms to sustainably serve the BoP markets.     

新冠疫情对我国中小企业经济状况的影响及对策分析

2020年以来,新冠疫情对我国中小企业的影响巨大。论文从收入、成本、现金流三个方面分析了疫情下我国中小企业的现状及可采取的对策,以期助力中小企业渡过难关。     

Political interventions in state-owned enterprises: The corporate governance failures of a European airline

This paper is based on the theory of hybrid organizations and we investigate the context, factors, mediators, and outcome of a public scandal involving a Romanian state-owned company in the civil aviation sector. This retrospective case study is part of a research design that alternates between inductive and deductive procedures devised to test relevant hypotheses, integrate several theories, and construct the causal mechanism of the corporate scandal. Four theories have been selected to address multiple aspects of the case: the hybrid organization theory, the agency theory, the fraud triangle theory, and the legitimacy theory. Several hypotheses have been proposed at the confluence of these frameworks, and the data collection process was conducted to ensure the credibility, dependability, and transferability of results. In addition to the themes and categories that have emerged from the thematic analysis, the paper also uses the process-tracing method to propose a causal graph and an event-history map in support of the hypotheses. The paper puts forward a series of recommendations on how to improve the corporate governance of state-owned enterprises, and to prevent potential scandals. The authors suggest that the separation of ownership and control is beneficial for strategy implementation in state-owned enterprises and can alleviate an entity’s financial difficulties.     

民营企业党员教育要做好三个结合

加强民营企业党员教育工作,对增强党的阶级基础、扩大党的群众基础、巩固党的执政基础具有十分重要的意义。做好党的宗旨和企业宗旨相结合、企业党建活动与生产运营活动相结合、党课内容革新与企业文化建立相结合,不仅能加强民营企业基层党组织建设,而且能促进民营企业又好又快发展。     

新冠疫情影响下燃气企业信息化系统的应用

2020年新冠疫情期间,部分燃气企业借助信息化系统优势,在落实防疫措施的同时,切实地保障了民生用气。论文阐述了燃气企业信息化系统的组成、在新冠疫情影响下展现的优势及小型燃气企业信息化推广面临的困难,强调了信息化建设对燃气企业管理水平、竞争能力提升的重要性。     

减税降费背景下小微企业财务管理研究

在减税降费背景之下,企业要想谋求长远发展,需要严格地遵守国家税务征收的相关政策,做好纳税申报以及税款缴纳。论文主要分析了减税降费政策的实施对小微企业的影响,阐述了减税降费背景下小微企业财务管理现存的问题,最后提出了有效的财务管理路径,为相关财务人员提供一定的理论参考。     

煤矿企业成本管理存在的问题及其对策

成本管理是每一个企业管治的关键环节,是提升企业效益的重中之重,看重企业成本管治才可以让企业在激烈的市场竞争中具有优势。煤矿企业是国民经济的关键组成部分,对我国能源领域有极大的影响。基于此,论文就煤矿企业成本管理存在的问题和对策进行了探讨。     

探索创建国有企业党支部“四平台”——以武汉市ZJ公司为例

国有企业党支部建设是国企党建工作的重点。基于武汉市ZJ公司的实践经验,论文认为通过研究国企党支部建设中存在的薄弱环节和支部党建平台的必要性,探索搭建党支部学习平台、干事平台、为民平台、联动平台,有助于打造一个有力量、有温度、有色彩的党支部。     

Board faultlines and the value of cash holdings: Evidence from Chinese listed companies

Faultlines can affect a board of director’s effectiveness in supervising senior managers, which in turn affects the value of a company’s cash holdings. Based on sample data from Chinese A-share listed companies from 2004 to 2016, we examine the relationship between board faultlines and the value of cash holdings. The empirical results indicate that board faultlines have a significant inhibitory effect on cash holding value. This inhibitory effect is stronger for board faultlines resulting from deep-level attributes. Furthermore, the inhibitory effect of board faultlines is stronger in state-owned enterprises (SOEs) than in non-SOEs. As an important governance mechanism, management shareholdings can reduce agency costs and mitigate the negative impact of board fissures on cash holdings. Overall, we enrich the literature on the economic consequences of board faultlines and their influence on cash holding value. We also offer companies practical suggestions for improving the supervisory mechanism of their board of directors.