公司层面的可持续竞争力因素:全球四个经济部门的比较

IF 2.6 3区 经济学 Q1 Business, Management and Accounting
R. Serban, D. Mihaiu, M. Țichindelean, Claudia Ogrean, M. Herciu
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引用次数: 0

摘要

建立在公司的竞争力是由其稳健的财务业绩和市场地位的实力给出的前提下,但只有在可持续发展的条件下,本研究旨在研究公司竞争力的关键因素,同时考虑可持续性问题。两个研究目标是:(1)识别和分析公司层面可持续竞争力的关键因素;(2)在识别的因素中发现与行业相关的差异。为了实现这些目标,我们使用探索性因素分析(EFA)和方差分析,对来自四个全球经济部门(消费周期、能源、医疗保健和技术)的1449家公司样本进行了为期10个财政年度(2012-2021)的横向分析。研究发现,流动性、盈利能力、收入效率、库存管理效率、ESG绩效、应收账款管理效率、研发效率、账面价值和市场价值9个因素(包括财务和非财务因素)。其中,ESG绩效已成为一个基于非财务变量的独立因素,将其引入研究模型是该研究的新颖之处之一。根据行业的不同,这九个因素之间存在显著的平均差异,这使得行业在可持续竞争力方面的排名按降序排列:医疗保健、技术、消费周期和能源。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
FACTORS OF SUSTAINABLE COMPETITIVENESS AT COMPANY LEVEL: A COMPARISON OF FOUR GLOBAL ECONOMIC SECTORS
Built on the premise that a company’s competitiveness is given by its robust financial performance and the strength of its position on the market, but only under conditions of sustainability, this study aims to investigate the key factors of company competitiveness while considering sustainability issues. The two research objectives were: (1) to identify and analyze the key factors of sustainable competitiveness at company level (2) to find sector-related discrepancies regarding the identified factors. To achieve them, a horizontal analysis covering ten financial years (2012–2021) was performed on a sample of 1,449 companies from four global economic sectors (Consumer Cyclicals, Energy, Health Care, and Technology) – using Exploratory factor analysis (EFA) and ANOVA. Nine factors (both financial and non-financial) were found: liquidity, profitability, revenue efficiency, inventory management efficiency, ESG performance, receivables management efficiency, R&D efficiency, book value, and market value. Of them, ESG performance has emerged as an independent factor based on non-financial variables, its introduction into the research model being one of the study’s novelties. Significant mean differences were found between the nine factors, depending on the sector, which allowed the ranking of sectors in terms of sustainable competitiveness, in descending order: Health Care, Technology, Consumer Cyclicals, and Energy.
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来源期刊
CiteScore
5.80
自引率
3.80%
发文量
48
审稿时长
15 weeks
期刊介绍: The Journal of Business Economics and Management is a peer-reviewed journal which publishes original research papers. The objective of the journal is to provide insights into business and strategic management issues through the publication of high quality research from around the world. We particularly focus on research undertaken in Western Europe but welcome perspectives from other regions of the world that enhance our knowledge in this area. The journal publishes in the following areas of research: Global Business Transition Issues Economic Growth and Development Economics of Organizations and Industries Finance and Investment Strategic Management Marketing Innovations Public Administration.
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