Current Issue : April - June Volume : 2020 Issue Number : 2 Articles : 5 Articles
The growth of public enterprises or government-linked companies (GLCs) has been\nphenomenal over the years. However, the performance of GLCs remains a major concern. On\nthe other hand, past studies have postulated that there is a strong relationship between\ncorporate entrepreneurship (CE), entrepreneurial orientation (EO) and firm performance.\nDespite this, viewing GLCsâ?? performance in the context of CE or EO has received minimal\nattention among strategic management and entrepreneurship scholars. This paper highlights\nand discusses the performance of GLCs within the context of CE. Given the role of EO as a\ndirect predictor while proposing CE internal and external factors as moderators of the EO-CE\nperformance relationship in GLCs, a proposed framework of CE within the context of GLCs\nin Malaysia is proposed....
Health care tourism is a new form and trend of tourism development in the\nnew era, which not only meets the requirements of peopleâ??s pursuit for\nhealthy life quality, but also enriches the effective supply of elderly care\nproducts. Based on the perspective of industry integration, this paper conducts\nanalysis on the present situation of health care tourism in China, analyses\nthe development characteristics of health care tourism at the present\nstage through case study, then summarizes the development mode of health\ncare tourism on this basis. Finally, this paper puts forward five innovative\nmeasures, characteristic brand, demonstration base, regional circle, professional\nteam and top-level design to provide reference for the development of\nhealth care tourism....
In the international shipping business industry, the degree of industry concentration\nis more and more intensive. Pushing native shipping industrial integration\nis an important route to possess the advantages of the scale economy,\nand foster the leading enterprises. The study on the ownership structure\nand corporate governance of Japan shipping companies enlightens Chinaâ??s\nlarge state-owned shipping company after integration....
Financial development plays a promotive role in improving capital allocation\neffect of industrial sectors, promoting new industrial technologies and\nchoosing leading industries. Studying the relationship between financial development\nand structural upgrading of the manufacturing industry in the\ntransition period of â??high-quality development of manufacturing industry in\nChinaâ? is meaningful and important. To achieve high-quality development,\nwe must simultaneously improve the efficiency of capital allocation and\ntechnological innovation, both of which need the support and the promotion\nof financial development. This paper systematically analyzes the impact mechanism\nof financial development on the upgrading of manufacturing industry\nstructure. Based on the panel data of 121 cities with active industries in\nChina from 2006 to 2018, the impact of financial development on the upgrading\nof manufacturing industry structure is studied from three aspects: financial\nscale, financial efficiency and financial agglomeration degree. The\nempirical results show that there is a positive correlation between financial\nefficiency and structural upgrading of manufacturing industry, and a negative\ncorrelation between financial scale or financial agglomeration and structural\nupgrading. Further analysis shows that financial development has an effect on\nmanufacturing industry structural upgrading effectively. However, this effect\nis mainly driven by the development of â??qualityâ? of the financial industry,\nwhile the development of â??quantityâ? plays a reverse inhibitory role....
Government-led fund is an effective way to market the financial support and\ncan become an important equity financing channel for emerging industries.\nAt present, the operation mechanism of the domestic government-led fund is\nnot perfect, and the performance evaluation system needs to be established\nand perfected. The basic principle of government-led fund performance\nevaluation should be conducive to improving the efficiency of fund operation,\nguiding the flow of funds to the key areas and weak links of emerging industries,\nand regulating the behavior of fund management subjects. The performance\nevaluation system of government-led fund is composed of three major\nindicators: policy objective, management level and economic benefit....
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