Multidimensional enterprise competitiveness: An empirical study of Malaysian listed companies

IF 7.5 Q1 MANAGEMENT

Asia Pacific Management Review Pub Date : 2026-03-01 Epub Date: 2025-10-08 DOI:10.1016/j.apmrv.2025.100391

Cheng-Han Wu , Po-Yao Huang , Yeu-Shiang Huang , Izlin Ismail , Mohamed Hisham Hanifa

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引用次数: 0

Abstract

This study conducts an empirical assessment of the competitiveness of Malaysian enterprises by establishing a multi-level analytical framework that integrates current performance with future potential. Productivity, profitability, image, stability, and growth are identified as the five pillars for the enterprise's competitiveness, with their relative weights quantified through the Analytic Hierarchy Process (AHP). Utilizing financial data from 710 publicly listed firms between 2020 and 2023, the study performs statistical analyses to compute company-level competitiveness indices and conduct cross-industry comparisons. The findings indicate that the banking and real estate investment trust sectors demonstrate superior overall competitiveness, particularly in profitability and corporate image, whereas capital-intensive industries tend to underperform in dimensions related to stability and growth. Moreover, a sequential rank agreement test comparing the derived competitiveness rankings with earnings per share (EPS) suggests that conventional financial indicators may inadequately reflect the multidimensional aspects of enterprise competitiveness. Overall, this study presents an integrated evaluation model grounded in expert-informed weighting and empirical evidence, offering strategic insights for corporate and industrial policy decisions.

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多维企业竞争力：马来西亚上市公司的实证研究

本研究通过建立一个整合当前绩效与未来潜力的多层次分析框架，对马来西亚企业的竞争力进行实证评估。生产率、盈利能力、形象、稳定性和成长性被确定为企业竞争力的五大支柱，并通过层次分析法（AHP）量化了它们的相对权重。本研究利用710家上市公司2020年至2023年的财务数据，进行统计分析，计算公司层面的竞争力指数，并进行跨行业比较。研究结果表明，银行和房地产投资信托行业表现出卓越的整体竞争力，特别是在盈利能力和企业形象方面，而资本密集型行业在稳定性和增长方面往往表现不佳。此外，将所得的竞争力排名与每股收益（EPS）进行比较的顺序秩一致性检验表明，传统的财务指标可能无法充分反映企业竞争力的多维方面。总体而言，本研究提出了一个基于专家知情加权和经验证据的综合评估模型，为企业和行业政策决策提供了战略见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asia Pacific Management Review MANAGEMENT-

CiteScore

8.00

自引率

4.50%

发文量

期刊介绍： Asia Pacific Management Review (APMR), peer-reviewed and published quarterly, pursues to publish original and high quality research articles and notes that contribute to build empirical and theoretical understanding for concerning strategy and management aspects in business and activities. Meanwhile, we also seek to publish short communications and opinions addressing issues of current concern to managers in regards to within and between the Asia-Pacific region. The covered domains but not limited to, such as accounting, finance, marketing, decision analysis and operation management, human resource management, information management, international business management, logistic and supply chain management, quantitative and research methods, strategic and business management, and tourism management, are suitable for publication in the APMR.