• Title/Summary/Keyword: Manufacturing Enterprises

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The Investment Always Will Get Gains? Advertising Expenditure and Enterprise Performance Based on Corporate Life Cycle

  • Li, Liang;Amine, Bouirig;Pang, Yuxin;Jiang, Minxing
    • Asia Pacific Journal of Business Review
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    • v.6 no.2
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    • pp.61-76
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    • 2022
  • Based on the concept of advertising expenditure, manufacturing firm performance, and enterprise life cycle, this research conducts the listed Chinese manufacturing listed in 2016-2018 as the research sampling and divides these listed companies into three periods: growth, maturity, and decline. Next, this paper conducts empirical research from three aspects: advertising expenditure or investment and manufacturing firm performance, lag effect of advertising expenditure, and outcome effect and lag effect of advertising investment. It is found that in different stages of manufacturing enterprises, different advertising expenditures will have different impacts on the performance of manufacturing enterprises. In the growth stage, the advertising investment of manufacturing enterprises will significantly affect the performance results of the current period, and there will be the long-term lag effect. In contrast, the mature stage of enterprises' advertising investment has a shorter period of lag effect, while in the recession stage, the mature stage of manufacturing enterprises' advertising investment will have a shorter period of lag effect. The empirical results are not significant. This study provides a reference for manufacturing enterprises in different stages in the decision-making of advertising investment.

Internal Factors Influencing Firm Profitability in the COVID-19 Pandemic: An Empirical Evidence from Vietnam

  • HUYEN, Le Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.8
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    • pp.81-88
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    • 2022
  • For each country, the growth of the country is significantly associated with the growth of the manufacturing industry. Especially in the early stages of development, the manufacturing industry has greatly played a great role in creating great added value for society and economic development in that country. Starting from a country with a weak manufacturing background, Vietnam is gradually opening up and integrating into the global economy, which has brought many opportunities for manufacturing enterprises in particular and the enterprise community in general, making Vietnam one of the countries with large production activities in Southeast Asia and Asia. The study evaluates the factors affecting the financial performance of manufacturing enterprises through a case study in Hanoi, Vietnam. Using a survey sample of 235 enterprises operating in production and using quantitative analysis methods, the research results show that: Enterprises with high governance quality are enterprises with high economic efficiency or enterprises with low management capacity have low business efficiency. Moreover, large-scale enterprises often have many advantages in seeking profits and improving business efficiency. Finally, the study has some recommendations to improve corporate governance and growth, create a stronger business community and contribute more to Vietnam's economic development.

Influences of External Factors on Business Performance of Domestic Animal Feed Enterprises in Vietnam

  • NGUYEN, Van Hau;DUONG, Thi Quynh Lien;QUYNH, To Thi Huong;TRANG, To Thi Thu
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.575-583
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    • 2020
  • Vietnam is the country with the largest animal feed production in Southeast Asia. Domestic animal feed manufacturing enterprises play an important role in animal husbandry in particular and in agriculture in general. However, domestic animal feed enterprises in Vietnam are encountering shortcomings. This paper is conducted to investigate the impact levels of external determinants on business performance of domestic animal feed manufacturing enterprises, including: (i) policy and economic mechanism, (ii) supply-demand of animal feed products, and (iii) nature and level of market competition. We presented a research method, explaining the dependent variable 'business performance' and the independent variables. Data were collected from 120 questionnaires from domestic animal feed manufacturing enterprises. Based on these data, we use Cronbach's Alpha, EFA and run regression model for assessing the impact levels of each independent variable on the dependent variable of business performance of domestic animal feed manufacturing enterprises. The results show that three external determinants including (i) policy and economic mechanism, (ii) supply-demand of animal feed products, and (iii) nature and level of market competition, have positive relationships with business performance. Based on the findings, some recommendations are given for improving business performance of domestic animal feed manufacturing enterprises to ensure sustainability.

Globalization Trends of Korean Fashion Enterprises (한국 패션기업의 세계화 추세 연구)

  • 손미영;이은영
    • Journal of the Korean Society of Clothing and Textiles
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    • v.27 no.11
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    • pp.1219-1228
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    • 2003
  • This research was conducted to find out what the general globalization trends of Korean fashion enterprises are, and what the factors required the Korean fashion enterprises to improve the global competitiveness under the globalized circumstances are. The data were collected from the survey by questionnaire on Korean leading fashion enterprises and the Directory of Companies Branching out abroad in 2000/2001(Korea Trade-Investment Promotion Agency, 2000). The Results of the research are as follows: first, Korean fashion enterprises expanded evenly worldwide in the sales and distribution functions while relying heavily on Asian countries for manufacturing functions; Secondly, the globalization of Korean leading fashion enterprises was progressed, but still remains at the stage of the sales of manufacturing capability or the sales of low costs products rather than at the stage of manufacturing products of high added-value or the sales of design or marketing capability. Thirdly, the factors for the global competitiveness of the Korean fashion enterprises are related to capability of low cost, quick response, product development, marketing, internationalization and high value added.

The Relationship Between Internal Control and Accounting Information Quality: Empirical Evidence from Manufacturing Sector in Vietnam

  • NGO, Hoang Thanh;LUU, Duc Huu;TRUONG, Thuy Thi
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.10
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    • pp.353-359
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    • 2021
  • The article analyzes the impact of internal control on the quality of accounting information in Vietnamese paper manufacturing enterprises, providing empirical evidence on factors affecting the quality of accounting information. To analyze the impact of internal control on the quality of accounting information, the researchers used questionnaires to conduct a survey of paper manufacturing companies. Research data is collected through emails and face-to-face interviews with managers, employees working in different positions, managers at all levels, chief accountants, and accountants, of 56 paper manufacturing enterprises in Vietnam. 321 questionnaires were distributed of which only 296 were valid and could be used in this study. Quantitative research was carried out with SPSS 25 software. Research results show that 3 factors have a positive influence on the quality of accounting information including control environment, accounting information system, and internal control procedures in Vietnamese paper manufacturing enterprises. Based on the findings, the author has made recommendations on the control environment, accounting information system, and internal control procedures in order to improve the effectiveness of internal control and the quality of accounting information of paper production enterprises, thereby contributing to improved competitiveness and operational efficiency.

Supply Chain Collaboration Degree of Manufacturing Enterprises Using Matter-Element Method

  • Xiao, Qiang;Yao, Shuangshuang;Qiang, Mengjun
    • Journal of Information Processing Systems
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    • v.17 no.5
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    • pp.918-932
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    • 2021
  • Evaluation of the collaboration of the upstream and downstream enterprises in the manufacturing supply chain is important to improve their synergistic effect. From the supply chain perspective, this study establishes the evaluation model of the manufacturing enterprise collaboration on the basis of fuzzy entropy according to synergistic theory. Downstream enterprises carry out coordinated capital, business, and information flows as subsystems and research enterprises as composite systems. From the three subsystems, the collaboration evaluation index is selected as the order parameter. The compound fuzzy matter-element matrix is established by using its improved algorithm. Subordinate membership and standard deviation fuzzy matter-element matrixes are constructed. Index weight is determined using the entropy weight method. The closeness of each matter element is then calculated. Through a representative of the home appliance industry, namely, Gree Electric Appliances Inc. of Zhuhai, empirical analysis of data in 2011-2017 from the company and its upstream and downstream enterprise collaboration shows a good trend, but the coordinated development has not reached stability. Gree Electric Appliances Inc. of Zhuhai need to strengthen the synergy with upstream and downstream enterprises in terms of cash, business, and information flows to enhance competitiveness. Experimental results show that this method can provide precise suggestions for enterprises, improve the degree of collaboration, and accelerate the development and upgrading of the manufacturing industry.

Critical Factors Affecting the Salaries of Employees of Manufacturing Enterprises in Vietnam

  • DO, Thi Tuoi
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.6
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    • pp.485-494
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    • 2020
  • The study aims to identify and measure factors affecting the salaries of employees in manufacturing enterprises in Hanoi, the important area of Vietnam's economy. We conducted a questionnaire consisting of 31 observation variables with a 5-point Likert scale. Independent variables were measured from 1 "without effect" to 5 "strongly". Based on the literature review and results of interviews, a total of 350 questionnaires were sent to participants; 300 of them met the standards and were subject to be analyzed. The results of Exploratory Factor Analysis (EFA) and Multiple Regression Analysis (MRA) identify six main determinants influencing the salaries of employees in manufacturing enterprises in Hanoi, including Paying views of business leaders (PV), Financial ability of the enterprise (FA), Capacity of workers (CW), Capacity of the contingent of employees engaged in salary work (CC), Role of grassroots trade unions (TU), and State policies and laws on labor - salaries (STL). Based on the findings, some recommendations have been proposed to help the firm leaders design appropriate personnel policies for creating better job satisfactions for employees in the future. On this basis, the authors propose a number of recommendations to improve the salaries of employees in manufacturing enterprises in Hanoi.

Role of Informal Sector Competition on Innovation in Urban Formal Manufacturing Enterprises in India

  • Shekar, K Chandra
    • Asian Journal of Innovation and Policy
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    • v.10 no.1
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    • pp.1-38
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    • 2021
  • The paper examines the role of the informal sector on innovation activities of urban formal manufacturing enterprises in India. It provides empirical evidence on firm-level linkages between formal and informal sectors by using the World Bank Enterprise Survey, 2013-14 and the Innovation Follow-up survey, 2014. Primarily, the paper aims to examine the effect of informal sector competition on innovation in urban formal manufacturing enterprises in India. Secondly, the paper analyses the mediation effect of informal sector competition on innovations in the urban manufacturing enterprises. It determines the direct and indirect influence of business regulations and constraints on innovation outcomes through the mediation effect of informal sector competition by using the SEM "Structural Equation Modeling" guidelines. The econometric results show that informal sector competition has a negative effect on the introduction of product innovations while industry-level informal sector competition has a positive effect on product innovation through the local knowledge spillovers from the informal to the formal sector. However, the informal sector competition was found to have no significant effect on the probability of introducing process innovations. Further, the results show the inhibitive role of informal sector competition on innovation in urban formal manufacturing enterprises is more severe for firms with heavy regulatory burdens and is relatively weakened in firms with resource constraints. This suggests that the informal sector plays an important role in the NIS (National Innovation System) in India.

A Study on the Status of Production Management & the New Model Build-up Approaching Control Technique System for Productivity Improvement in Korean Small-Medium Manufacturing Enterprises (생산성항상을 위한 중소제조기업의 생산관리 실시현황과 관리기법적응 체계모형설정)

  • 신용백
    • Journal of the Korean Professional Engineers Association
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    • v.33 no.2
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    • pp.62-67
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    • 2000
  • The trouble rank of business management of the small-medium manufacturing enterprises in Korea is constituted by that average 28.6% of production management in the worst trouble of business management from 1982 to 1999. The status of production management approaching problem is analyzed for Korean small-medium manufacturing enterprises and it us checked productivity improvement and requirement facts impede productivity improvement. It is expected to contribute much productivity improvement through a new established model of production management system and technique or tool for small-medium manufacturing enterprises in Korea.

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A study on the environmental behavior and recycling of domestic enterprises (환경친화적 기업행동과 자원재활용에 관한 연구)

  • 최남숙
    • Journal of the Korean Home Economics Association
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    • v.35 no.2
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    • pp.235-254
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    • 1997
  • The purpose of this study was to examine the direction and the actual state of environmental behavior of domestic enterprises. This study focused on strategies of environmental management, manufacturing process, product distribution, and waste collection of a enterprise with regard to environmental behavior. the survey was conducted on 30 enterprises, using open type questionnaires. Results of the study were as follows : 1. Enterprises recognized the importance of environmental behavior. their environmental strategies were great, but the actual behavior was poor. 2. In the manufacturing process, environmental behavior was not practised well. 3. In the product distribution and the waste collection phase, they made little efforts for the environmental preservation.

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