scholarly journals The Effects of Financing Channels on Enterprise Innovation and Life Cycle in Chinese A-Share Listed Companies: An Empirical Analysis

2020 ◽  
Vol 12 (17) ◽  
pp. 6704
Author(s):  
Shixian Ling ◽  
Guosheng Han ◽  
Dong An ◽  
Armigon Akhmedov ◽  
Hui Wang ◽  
...  

This paper offers an empirical analysis of the effects of financing channels on innovation and the regulatory effect of the enterprise life cycle based on data published from 2008 to 2017 on publicly traded companies in China. The results show that government subsidies, tax preferences, self-owned funds, and equity financing have significant positive incentives for enterprise innovation, and the incentive intensity is gradually weakened while bank loans will hinder enterprise innovation. The impacts of various financing channels on enterprise innovation vary with the different stages of the enterprise life cycle, and the overall performance is weakened with the advancement of the life cycle. According to the grouping research of property rights, it is found that the impacts of various financing channels on the innovation of non-state-owned enterprises are more significant than those of state-owned enterprises. Further research finds that the influence of each financing channel on enterprise innovation is U-shaped or inverted U-shaped, indicating that there is a moderate range of each financing channel. This study is of great significance to fully understand the impacts of various financing channels on enterprise innovation and the regulatory role of the enterprise life cycle and to optimize the allocation of innovation resources.

2013 ◽  
pp. 245-259
Author(s):  
Maria Manuela Cruz-Cunha ◽  
Goran D. Putnik ◽  
João Varajão

To make the Virtual Enterprise (VE) a real, competitive, and widely implemented organizational and management concept, it is fundamental to assure that the requirements of this organizational model are achieved in the several phases of the Virtual Enterprise life-cycle. The support to VE (comprising design, creation, operation and reconfiguration) must be assured by meta-enterprises based on a broker and computer-aided tools, capable of managing, controlling and enabling virtual enterprise creation/operation/reconfiguration, which may represent a strong contribution towards the VE performance. The chapter introduces the VE model requirements, focuses one specific meta-enterprise environment called the Market of Resources, and introduces the incorporation of CRM in this environment as one of the computer-aided systems.


1975 ◽  
Vol 1975 (1) ◽  
pp. 61-63 ◽  
Author(s):  
Henry E. Metzner ◽  
Jerry L. Wall ◽  
William F. Glucck

1999 ◽  
Vol 36 (2) ◽  
pp. 269 ◽  
Author(s):  
Venkatesh Shankar ◽  
Gregory S. Carpenter ◽  
Lakshman Krishnamurthi

2013 ◽  
Vol 807-809 ◽  
pp. 865-872
Author(s):  
Ya Nan Sun ◽  
Ke Chen ◽  
Yang Wang

In recent years,the contradiction between social development and ecological environmental protection has increased sharply, especially as demands for ecological forestry construction have become ever greater. As one of the important ways to promote ecological environment construction, ecological forestry encourages soil and water conservation, biodiversity conservation and ecological environmental protection. Adequate funding in the construction of ecological forests and stable financing channels are the main factors that ensure the smooth development of ecological environmental construction. This paper describes the present situation for ecological environmental construction and ecological forestry. It analyzes the existing ecological forestry financing sources and channels and summarizes the successful experience of domestic and international lotteries. The ecological forestry financing channel is singular and inadequate funding is restricting the development of ecological environment construction. Active identification of new, stable financing channels is conducive to resolving the funding gap problem. An ecological lottery is suggested as a new type of ecological public welfare fund that has practical necessity and theoretical feasibility.


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