Asia Pacific Management Review最新文献

{"title":"Employing a hierarchical data envelopment analysis to evaluate the competitiveness of listed companies in Indonesia","authors":"Shiang-Tai Liu ,&nbsp;Chen-Hao Huang ,&nbsp;Dwi Nastiti Danarsari ,&nbsp;Putu Angga Widyastaman ,&nbsp;Yu-Shan Huang","doi":"10.1016/j.apmrv.2025.100387","DOIUrl":"10.1016/j.apmrv.2025.100387","url":null,"abstract":"<div><div>Enterprise competitiveness is a pivotal concept in business and economic studies, serving as a key factor in a company's capacity to achieve sustainable growth, sustain market relevance, and create value within a competitive environment. In this study, we employ fifteen indicators spanning financial, production, and marketing functions to measure competitiveness. Given that the enterprise competitiveness index is synthesized from the hierarchical nature of these indicators, we utilize hierarchical data envelopment analysis (HDEA) to endogenously determine weights, enabling the aggregation of indicators to derive a comprehensive competitiveness index. This approach allows businesses to understand their competitive position better and identify specific areas for improvement. By analyzing data from 951 Indonesian listed companies, we illustrate the practical application of this index, enabling businesses to identify areas for strategic improvement.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"31 1","pages":"Article 100387"},"PeriodicalIF":5.6,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145223256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"An assessment of bank efficiency in Cambodia: A comparison between multi-criteria measurement and the DEA approach","authors":"Wann-Yih Wu ,&nbsp;Ying-Kai Liao ,&nbsp;Wei-Shiun Chang ,&nbsp;Thi Thinh Vo ,&nbsp;Gia Vung Dang ,&nbsp;Ting Chih Wu ,&nbsp;Leang Un ,&nbsp;Sambath Phou ,&nbsp;Chandy Hang","doi":"10.1016/j.apmrv.2025.100390","DOIUrl":"10.1016/j.apmrv.2025.100390","url":null,"abstract":"<div><div>This study provides a comprehensive evaluation of the competitiveness and efficiency of 52 Cambodian commercial banks through the integration of a multi-criteria Enterprise Competitiveness Index (ECI), two-stage Data Envelopment Analysis (DEA), and a Back Propagation Neural Network (BPNN). Grounded in the Resource-Based View (RBV), Dynamic Capability Theory (DCT), and the Resource–Capability–Performance (RCP) framework, the model captures both internal efficiency and broader strategic potential. The ECI offers a multidimensional benchmark encompassing financial, marketing, operational, and human resource dimensions. Two-stage DEA evaluates how effectively banks convert inputs (e.g., advertising, labor quality) into intermediate outputs (e.g., productivity measures) and subsequently into financial performance. A BPNN is incorporated to model non-linear relationships and forecast profitability outcomes with over 85 % prediction accuracy. Findings reveal significant variation in banks' ability to translate operational productivity into financial returns, indicating potential strategic misalignments. Some banks exhibit high resource utilization but fail to achieve commensurate profitability, while others demonstrate strong financial outcomes despite weaker operational foundations. The integration of the ECI and DEA highlights the distinction between technical efficiency and long-term competitiveness, while the BPNN enhances strategic foresight by capturing hidden patterns across performance variables. This multi-method approach offers valuable insights for regulators and managers in emerging financial markets, particularly in addressing governance, resource allocation, and sustainable growth strategies. The study not only fills methodological gaps in traditional banking efficiency models but also provides a robust tool for adaptive strategic planning in Cambodia's rapidly evolving banking landscape.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"31 1","pages":"Article 100390"},"PeriodicalIF":5.6,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145223255","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Multidimensional enterprise competitiveness: An empirical study of Malaysian listed companies","authors":"Cheng-Han Wu ,&nbsp;Po-Yao Huang ,&nbsp;Yeu-Shiang Huang ,&nbsp;Izlin Ismail ,&nbsp;Mohamed Hisham Hanifa","doi":"10.1016/j.apmrv.2025.100391","DOIUrl":"10.1016/j.apmrv.2025.100391","url":null,"abstract":"<div><div>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.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"31 1","pages":"Article 100391"},"PeriodicalIF":5.6,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145270747","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Driving economic growth through corporate competitiveness: Insights from Myanmar's business landscape","authors":"Der-Chiang Li ,&nbsp;I-Lin Wang ,&nbsp;Kyaw-Phyo Linn ,&nbsp;Sein Htaik","doi":"10.1016/j.apmrv.2025.100395","DOIUrl":"10.1016/j.apmrv.2025.100395","url":null,"abstract":"<div><div>This study investigates corporate competitiveness in Myanmar by integrating a multi-dimensional analytical framework with a business function approach. Focusing on nine major enterprises that represent a substantial share of the formal corporate sector, the research employs 15 quantitative indicators across five theoretical pillars: Productivity, Profitability, Image, Stability, and Growth. These are used to evaluate firm-level performance under severe institutional and resource constraints. Rather than exhibiting balanced excellence, Myanmar firms display specialized competitive profiles, reflecting adaptive strategies shaped by political instability, infrastructure limitations, and human capital shortages. The study contributes novel empirical insights into how enterprises in fragile emerging markets navigate competitiveness trade-offs, emphasizing the strategic relevance of specialized capability development. The findings offer actionable implications for policymakers, investors, and corporate strategists seeking to understand and improve competitiveness in transitional economies.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"31 1","pages":"Article 100395"},"PeriodicalIF":5.6,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145270748","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Contextualizing competitive advantage in emerging markets: A qualitative study of company competitiveness in Laos","authors":"Wann-Yih Wu ,&nbsp;Kyaw Zay Ya ,&nbsp;Wei-Shiun Chang ,&nbsp;Alay Phonvisay ,&nbsp;Vadsana Chanthanasinh ,&nbsp;Xayphone Kongmanila ,&nbsp;Sambath Phou","doi":"10.1016/j.apmrv.2025.100393","DOIUrl":"10.1016/j.apmrv.2025.100393","url":null,"abstract":"<div><div>Our study contributes to recent calls by Laos' Prime Minister for stronger efforts to build an independent and self-reliant economy, enforce fiscal discipline, and attract foreign investment to stabilize the economy and address challenges such as inflation, currency depreciation, and high public debt—key pillars of Laos' 2025 development agenda. This study explores the firm-level factors shaping company competitiveness in Laos, addressing a significant gap in the literature that has largely focused on macroeconomic or industry-level analyses in developed economies. Using a qualitative approach, we conducted fifteen semi-structured interviews with business leaders across key functions and analyzed the data through content analysis. The findings highlight management capabilities, overall productivity, and financial stability as central drivers of competitiveness, with effective management and resource optimization enhancing profitability and supporting sustained growth. Notably, most informants emphasized the critical importance of profitability. We propose a comprehensive conceptual model detailing the antecedents, mediators, and moderators of competitiveness, and develop testable propositions linking management capabilities, overall productivity, profitability, and financial growth. By integrating Competitive Advantage Theory with contextual insights from Lao enterprises, this research provides both academic contributions and practical recommendations for policymakers and managers seeking to enhance firm adaptability and sustained competitive advantage in resource-constrained environments.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"31 1","pages":"Article 100393"},"PeriodicalIF":5.6,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145736108","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Empirical analysis of enterprise competitiveness in Vietnam: Key determinants and their interactions","authors":"Wann-Yih Wu ,&nbsp;Wei-Shiun Chang ,&nbsp;Ying-Kai Liao ,&nbsp;Gia Vung Dang ,&nbsp;Quang Huan Ngo ,&nbsp;Duong Son Tran ,&nbsp;Nu To Giang Truong ,&nbsp;Dam Huy Trung Thai","doi":"10.1016/j.apmrv.2025.100392","DOIUrl":"10.1016/j.apmrv.2025.100392","url":null,"abstract":"<div><div>This study addresses the underexplored question of how firms in emerging markets convert internal resources into enterprise competitiveness. Drawing on the resource-based view (RBV), dynamic capabilities theory (DCT), and signaling theory, this study examines 638 publicly listed Vietnamese firms using a resource–capability–performance framework. A multidimensional enterprise competitiveness index (ECI) is constructed by integrating five strategic pillars—productivity, profitability, image, stability, and growth—which further synthesize into the two dimensions of performance and potential. Data envelopment analysis (DEA) is also applied as a complementary method to evaluate the transformative efficiency of functional capabilities (marketing, operations, R&amp;D, and human resources) in terms of profitability- and market value-based performance.</div><div>The study employs both ordinary least squares multiple regression (OLSMR) and back propagation neural network (BPNN) models to analyze the predictive impact of functional capabilities on firm performance. The results reveal that marketing capability and profitability are the most influential drivers of market value and Tobin's Q, while operational efficiency predominantly influences profitability. R&amp;D capability has no significant effect on market valuation unless innovation is successfully commercialized. Notably, BPNN outperforms OLSMR in predictive accuracy, especially for differentiating high- and low-performing firms.</div><div>This dual-method approach offers a novel empirical contribution by highlighting the relative and nonlinear impact of functional capabilities on competitiveness in post-COVID Vietnam. The findings underscore the importance of aligning internal capabilities with investor expectations, providing strategic insights for firms seeking to sustain a competitive advantage in volatile, resource-constrained environments.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"31 1","pages":"Article 100392"},"PeriodicalIF":5.6,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145736107","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Ranking mechanisms for assessing the competitiveness of listed companies in the Philippines: A comparative analysis","authors":"Wann-Yih Wu ,&nbsp;Wei-Shiun Chang ,&nbsp;Ying-Kai Liao ,&nbsp;Pattarapol Sudjai ,&nbsp;Regina Lizares ,&nbsp;Leila Rahnema ,&nbsp;Evelyn Ulpindo ,&nbsp;Erik Paolo Capistrano","doi":"10.1016/j.apmrv.2025.100394","DOIUrl":"10.1016/j.apmrv.2025.100394","url":null,"abstract":"<div><div>This study evaluates the competitiveness of 269 listed firms in the Philippines using an integrated framework that combines multi-criteria analysis, two-stage Data Envelopment Analysis (DEA), and Back Propagation Neural Network (BPNN). Drawing on the Resource-Based View (RBV) and Dynamic Capability Theory (DCT), the research investigates how functional capabilities in marketing, operations, and human resources influence both profitability-based and market value-based performance. The Enterprise Competitiveness Index (ECI) synthesizes performance (productivity and profitability) and potential (market image, stability, and growth), offering a comprehensive and standardized basis for ranking firms. Results reveal significant misalignments: some firms rank high in short-term performance but low in long-term potential, while others show strong future competitiveness despite current inefficiencies. These insights emphasize the importance of integrated assessments rather than relying solely on financial metrics. Two-stage DEA results further show that many firms convert capabilities into profitability efficiently but struggle to transform that profitability into market value. The DEA–BPNN framework achieves over 90 % predictive accuracy when DEA efficiency scores are included, demonstrating the model's ability to capture non-linear relationships and provide reliable forecasting. This study contributes a novel, theory-driven and empirically validated approach to measuring and predicting firm competitiveness. By integrating ranking, benchmarking, and predictive modeling, it offers a valuable tool for strategic decision-making and performance management in emerging markets.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"31 1","pages":"Article 100394"},"PeriodicalIF":5.6,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145736109","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corrigendum to “Exploring the relationship between sustainable strategy and sustainable performance in a mediated mechanism with socially responsible human resource management”","authors":"Abdullah Al Mamun ,&nbsp;Md Aftab Uddin","doi":"10.1016/j.apmrv.2025.100419","DOIUrl":"10.1016/j.apmrv.2025.100419","url":null,"abstract":"","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"31 1","pages":"Article 100419"},"PeriodicalIF":5.6,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145883678","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"FinTech rankings of six Taiwan municipalities","authors":"Shuen-Lin Jeng ,&nbsp;Wen-Chi Sun ,&nbsp;Kung-Hong Shih ,&nbsp;Hung-Ju Hsieh ,&nbsp;Tzu-Fan Ting ,&nbsp;Chin-Min Guan ,&nbsp;Yeu-Shiang Huang ,&nbsp;Theovin Lautan","doi":"10.1016/j.apmrv.2025.100398","DOIUrl":"10.1016/j.apmrv.2025.100398","url":null,"abstract":"<div><div>The innovations and applications of global FinTech have significantly influenced the knowledge in human communities and accelerated the booming development of emerging capital markets. A country's financial technology strength has become a critical indicator of its comprehensive national economic power. Reflecting the global emphasis on FinTech ranking, developing a robust FinTech environment requires the strategic allocation of resources based on the local cities' unique advantages and characteristics to maximize benefits.</div><div>This study is the first paper to construct a FinTech ranking of Taiwan's six municipalities, derived from rigorous selection of FinTech indicators and robust statistical analysis. The study reveals a significant disparity in FinTech development, with inherent environmental factors and public resource allocation heavily favoring northern cities. In contrast, the two southern municipalities demonstrate a more profound integration and symbiotic relationship with local populations and businesses, facilitated by robust industry-academia collaborations and strong performance in green economy efficiency. The global and regional implications of our findings shed insights that the international regulators and policy makers should make strategically reinforce FinTech resources. This requires careful consideration of major municipalities' existing strengths and weaknesses to achieve a more balanced allocation of FinTech resources, ultimately fostering comprehensive financial knowledge inclusion in emerging countries.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100398"},"PeriodicalIF":5.6,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145061263","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Exploring the relationship between sustainable strategy and sustainable performance in a mediated mechanism with socially responsible human resource management","authors":"Abdullah Al Mamun,&nbsp;Md Aftab Uddin","doi":"10.1016/j.apmrv.2025.100372","DOIUrl":"10.1016/j.apmrv.2025.100372","url":null,"abstract":"<div><div>Grounded upon social exchange theory (SET), the primary objective of this study is to investigate the impact of organizations' sustainable strategy (SS) on socially responsible human resource management (SRHRM), and its subsequent impact on sustainable performance (SP) in a mediated mechanism. Using the deductive reasoning approach, data were collected from information and communication technology (ICT) professionals through random sampling techniques via self-administered survey questionnaires. Partial least squares structural equation modeling (PLS-SEM) was used to analyze the data. The results show that SS significantly influences SRHRM and SP, with the influence of SRHRM on SP also found to be significant. Furthermore, the mediation effect revealed that SRHRM partially mediates the influence of SS on SP. The core contribution of the study to the sustainability literature that integrates SS with SP is the demonstration of the mediating role of SRHRM, as no previous research demonstrated the essence of SRHRM in a mediated nexus. It is hoped that the study will be of significant value to practicing professionals in ICT firms, as it provides a clear direction to sustainability by nurturing socially responsible HR values and practices. Moreover, the study findings should encourage a sense of urgency among professionals and policymakers to pay attention to environmental priorities.</div></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"30 4","pages":"Article 100372"},"PeriodicalIF":5.6,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145747902","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}