Suchergebnisse

During the COVID-19 pandemic, the global economy fluctuated while the Chinese economy remained relatively stable—a distinction that has aroused people's curiosity about the unique operation of Chinese enterprises. Compared with the regularity and competitiveness of traditional market strategy theory, Chinese business management pays more attention to informal institutions and relational capital, which is one of the key features that distinguishes Chinese firms from their Western counterparts. Yet, theoretical research on relational capital against the Chinese cultural background remains scarce, and the particularity laws of the socialist market economy are still unclear. Based on the social capital theory, this paper redefines the concept of relational capital in the context of China and uses factor analysis to construct a relational capital measurement index. On this basis, non-state-owned manufacturing enterprises are then used as a sample to explore the interactive relationship between relational capital and sustainability risk. The empirical results show that relational capital can effectively reduce sustainability risk and ensure sustainable operation. In addition, enterprise growth, enterprise development, and marketization can strengthen the role of relational capital and positively regulate the relationship between relational capital and sustainability risk. This paper innovatively constructs the concept and index system of relational capital in the Chinese context, which is the perfection of relational capital theory. At the same time, it verifies the impact of relational capital on business sustainability, revises the correct cognition of relational capital, and supplements the deficiencies of the extant social socialist market economy research. Supported by both theoretical research and empirical conclusions, corresponding management suggestions are put forward for enterprises, governments, and managers to scientifically guide management practice and provide new ideas for future Chinese-style economic ...

With rapid progress in the corporate social responsibility (CSR) theories and the up-gradation of the global market information disclosure system, enterprises have increased their attention toward relevant stakeholders and social responsibility. CSR exerts a substantial impact on the sustainable development of enterprises and markets in the economic and social fields. On the one hand, the increasingly perfect supporting facilities promote the financial growth of the entire society. While on the other hand, the profit-seeking trend of capital is also on the rise. The incongruity between the rapid progress of enterprises and the lack of social responsibility limits the benign development of the market. This study discusses the antecedents of CSR from the variable combination perspective using the fuzzy-set qualitative comparative analysis. It also investigates which combination of characteristics has better CSR performance. After the configuration analysis, it is identified that four paths lead to high CSR performance. These include the market-developed type, political link type, financial performance type, and state-owned enterprise subsidy type, and the level of each type is explained in-depth. Finally, this study provides management inspiration for the government and enterprises to formulate a sound social responsibility strategy and improve CSR performance by optimizing the matching of CSR activities and business objectives.

AbstractQuantifying the spatiotemporal characteristics of government support for rural development is crucial for accurately optimizing or formulating policies for rural development, but research identifying government support for rural development at the geospatial scale has not yet emerged. This paper used Hubei Province, China, as the study area and constructed indicators of government support for rural development based on the intensity of support, the spatial direction of support, and the spatial agglomeration of support based on the characteristics of legal rural construction land allocation. Panel data regression was used to quantify the direction of rural development that requires the allocation of rural construction land based on government support. The results showed that government support for rural development through legal rural construction land allocation has strong spatiotemporal characteristics: From 2009 to 2018, the intensity of support grew, the spatial direction of support was regular, and government support was increasingly manifested as local agglomeration. The orientations of government support through legal rural construction land allocation for rural development include farmers' production, farmers' livelihoods and social security. This research provides a reference for quantifying government support through legal rural construction land allocation for rural development and the direction of government support.