近年来,全球气候变化日益严重,极端天气事件频发,气候变化带来的风险已经成为全球关注的焦点。为了应对环境污染和气候变化,国际组织和各国央行等监管机构针对气候风险出台了相应文件加强监管。自2020年碳达峰、碳中和目标提出后,我国...近年来,全球气候变化日益严重,极端天气事件频发,气候变化带来的风险已经成为全球关注的焦点。为了应对环境污染和气候变化,国际组织和各国央行等监管机构针对气候风险出台了相应文件加强监管。自2020年碳达峰、碳中和目标提出后,我国对于气候相关财务信息披露情况日益重视。保险业作为金融机构,是气候变化风险的敏感性行业,同时也是TCFD框架的主要应用行业之一,其作为气候信息披露的提供者和使用者,承担着更多责任与挑战。本文通过梳理制度背景,结合信息不对称理论和信号传递理论对保险业进行气候变化相关财务信息披露的动机进行理论分析,同时基于TCFD框架构建衡量气候变化相关财务信息披露质量的指标,对我国保险业2017~2023年的气候变化相关财务信息披露的现状进行分析,发现我国保险业的气候变化相关财务信息披露质量逐年上升,但仍存在披露不够细致、部分指标未披露的问题,以期为我国建立气候信息披露标准及框架、完善国内气候信息披露的监督和激励机制提供一定的借鉴和参考。In recent years, global climate change has been escalating in severity, with frequent occurrences of extreme weather events. The risks posed by climate change have emerged as a global focus. To counter environmental pollution and climate change, regulatory agencies such as international organizations and central banks of various countries have introduced corresponding documents to enhance supervision. Since the goals of carbon peaking and carbon neutrality were proposed in 2020, China has attached growing significance to the disclosure of climate-related financial information. The insurance industry, as a financial institution, is a sensitive sector to climate change risks and is also one of the main application industries of the TCFD framework. As both a provider and user of climate information, it shoulders more responsibilities and faces more challenges. This article conducts a theoretical analysis of the motivation for climate change-related financial information disclosure in the insurance industry by sorting out the institutional background and integrating the theories of information asymmetry and signal transmission. Simultaneously, based on the TCFD framework, an index is constructed to measure the quality of climate change-related financial information disclosure. The current status of climate change-related financial information disclosure in China’s insurance industry from 2017 to 2023 is analyzed. It has been discovered that the quality of climate change-related financial information disclosure in China’s insurance industry has been escalating year by year. However, issues such as insufficient detailed disclosure and the non-disclosure of some indicators still exist. This is expected to offer certain references and inspirations for establishing climate information disclosure standards and frameworks in China and improving the supervision and incentive mechanisms for domestic climate information disclosure.展开更多
在国内低碳减排和国际高碳产品征税背景下,制造业企业亟需增强绿色创新。本文选取2011~2023年中国制造业上市企业样本,实证分析了制造业企业碳信息披露与绿色创新效率之间的关系,以及市场绿色投资者和政府减排目标约束的调节作用。结果...在国内低碳减排和国际高碳产品征税背景下,制造业企业亟需增强绿色创新。本文选取2011~2023年中国制造业上市企业样本,实证分析了制造业企业碳信息披露与绿色创新效率之间的关系,以及市场绿色投资者和政府减排目标约束的调节作用。结果表明:制造业碳信息披露提升了企业绿色创新效率。市场绿色投资者与政府减排目标约束正向调节制造业企业和重污染制造业企业碳信息披露与绿色创新效率的关系。同时,市场绿色投资者与政府减排约束正向调节效应在智能化和数字化水平高的制造业企业中更加显著。Under the background of domestic low-carbon emission reduction targets and international high-carbon products taxation, manufacturing companies urgently need to enhance green innovation. Selecting China’s listed manufacturing companies from 2011 to 2023 as a research sample, this paper empirically analyzes the relationship between carbon information disclosure and green innovation efficiency of manufacturing companies, as well as the moderating effect of green investors and government emission reduction constraints. The findings show that carbon information disclosure of manufacturing companies promotes green innovation efficiency. Green investors and government emission reduction constraints positively moderate the relationship between carbon information disclosure and green innovation efficiency in manufacturing companies. And, the positive moderating effect is more significant in manufacturing companies with high intelligence and digital level.展开更多
在信息化转型时代背景下,众多企业通过智慧审计这一信息化转型产物解决审计项目存在的问题,对防范化解审计风险、提高经济治理水平发挥着关键作用。本文从分析企业智慧审计的趋势和挑战角度出发,通过发挥智慧审计优势来实现审计创新;通...在信息化转型时代背景下,众多企业通过智慧审计这一信息化转型产物解决审计项目存在的问题,对防范化解审计风险、提高经济治理水平发挥着关键作用。本文从分析企业智慧审计的趋势和挑战角度出发,通过发挥智慧审计优势来实现审计创新;通过完善相关法律法规、培养信息化审计人才,用智慧审计实现企业的信息化转型。In the context of the era of digital transformation, many enterprises solve the problems existing in audit projects through intelligent audit, the product of digital transformation which plays a key role in preventing and resolving audit risks and improving the level of economic governance. This paper starts from the analysis of the trends and challenges of intelligent audit in enterprises, realizes audit innovation by leveraging the advantages of intelligent auditing;improves related laws and regulations, cultivates digital auditing talents, and realizes the digital transformation enterprises through intelligent auditing.展开更多
企业投资决策受企业财务状况影响较大,良好的财务水平有助于企业更好地进行投资决策,进而提高企业市场竞争水平。作为国内知名的电子商务企业,拼多多近年来在投资决策方面发生了许多变化,如扩张型投资向稳健型投资转变,这表明拼多多对...企业投资决策受企业财务状况影响较大,良好的财务水平有助于企业更好地进行投资决策,进而提高企业市场竞争水平。作为国内知名的电子商务企业,拼多多近年来在投资决策方面发生了许多变化,如扩张型投资向稳健型投资转变,这表明拼多多对于投资的谨慎性越来越强,同时也反映了拼多多财务情况的变化。分析了拼多多财务整体情况、收入情况和负债情况,对财务情况变化引起的投资决策变化进行了解读,提出保持足够的现金流、合理控制投资预算及强化财务风险管理对策,希望对拼多多财务状况改善、投资决策能力提高起到促进作用。Enterprise investment decisions are greatly influenced by the financial situation of the enterprise, and a good financial level helps the enterprise make better investment decisions, thereby improving its market competitiveness. As a well-known e-commerce enterprise in China, Pinduoduo has undergone many changes in investment decisions in recent years, such as the shift from expansionary investment to prudent investment. This indicates that Pinduoduo is becoming increasingly cautious about investment and also reflects changes in its financial situation. The paper analyzes the overall financial situation, income situation, and debt situation of Pinduoduo, interprets the changes in investment decisions caused by changes in financial situation, proposes measures to maintain sufficient cash flow, reasonably control investment budget, and strengthen financial risk management, hoping to promote the improvement of Pinduoduo’s financial situation and investment decision-making ability.展开更多
2023年6月国际可持续发展准则理事会(ISSB)正式发布国际财务报告可持续披露准则第1号《可持续相关财务信息披露一般要求》和第2号《气候相关披露》。2022年7月《经济学人》刊登了题为《ESG这三个字母拯救了不了地球》(ESG:Three Letters...2023年6月国际可持续发展准则理事会(ISSB)正式发布国际财务报告可持续披露准则第1号《可持续相关财务信息披露一般要求》和第2号《气候相关披露》。2022年7月《经济学人》刊登了题为《ESG这三个字母拯救了不了地球》(ESG:Three Letters that Won’t Save the Planet)的封面文章,主张ESG应浓缩为E,这里的E不是泛指Environment(环境)而是特指Emission(碳排放)。因此ESG报告呈现出精准化发展特点,向反映气候相关信息的碳报告演进成为明显趋势。展开更多
近年来,我国经济快速发展充分激发了市场活力,经济环境也变得多样而复杂。中小企业作为国民经济中至关重要的组成部分,相较于大型企业,由于缺乏发展经验和管理,往往面临着一定风险,税收风险就是其中的重要组成部分。当下,税务信息化已...近年来,我国经济快速发展充分激发了市场活力,经济环境也变得多样而复杂。中小企业作为国民经济中至关重要的组成部分,相较于大型企业,由于缺乏发展经验和管理,往往面临着一定风险,税收风险就是其中的重要组成部分。当下,税务信息化已经成为必然趋势,尤其是“金税四期”正式施行后,企业的税务系统将向全数据、全业务、全流程方向转变。税务信息化不仅可以提高税务效率,对税务风险也会产生深远影响,因此中小企业可以着眼税务信息化,通过引入信息化技术优化税务风险管理工作,从而促进其可持续发展。在此基础上,本文对中小企业税务风险的成因和对策进行了分析和探讨,首先概括企业税务风险管理的理论知识,并通过查阅相关资料归纳整理产生税务风险的原因,指出税务信息化管理工作的意义,并有针对性地给出了相应的解决方案。希望能帮助我国中小企业提升在信息化时代应对税收风险防范的能力,为企业的发展提供帮助,也为国民经济稳定运行奠定坚实基础。In recent years, China’s rapid economic development has fully stimulated the vitality of the market, and the economic environment has become diverse and complex. As a vital part of the national economy, small and medium-sized enterprises often face certain risks due to lack of development experience and management compared with large enterprises, and tax risk is an important part of it. At present, tax informatization has become an inevitable trend, especially after the official implementation of the “fourth phase of golden tax”, the tax system of enterprises will change to the direction of full data, full business and full process. Tax informatization can not only improve tax efficiency, but also have a far-reaching impact on tax risks, so small and medium-sized enterprises can focus on tax informatization and optimize tax risk management through the introduction of information technology, so as to promote their sustainable development. On this basis, this paper analyzes and discusses the causes and countermeasures of tax risks of small and medium-sized enterprises, firstly summarizes the theoretical knowledge of enterprise tax risk management, summarizes and sorts out the causes of tax risks by consulting relevant materials, points out the significance of tax information management, and gives corresponding solutions. It is hoped that it can help China’s small and medium-sized enterprises improve their ability to cope with tax risks in the information age, provide help for the development of enterprises, and lay a solid foundation for the stable operation of the national economy.展开更多
信息技术的发展给中国企业带来了前所未有的机遇与挑战。其中,一个最重要的机遇和挑战是企业信息化建设所带动的各项工作的创新与升级。债务融资是企业极其重要的融资途径,而女性高管也在企业事务中发挥越来越重要的作用,其特质性会对...信息技术的发展给中国企业带来了前所未有的机遇与挑战。其中,一个最重要的机遇和挑战是企业信息化建设所带动的各项工作的创新与升级。债务融资是企业极其重要的融资途径,而女性高管也在企业事务中发挥越来越重要的作用,其特质性会对企业的债务融资决策产生一定的影响,最终会对企业绩效产生作用。在中国大力推行企业信息化的背景下,本文以2010~2019年A股上市公司数据作为观测值,探讨债务融资对企业绩效的影响,并且检验女性高管在债务融资影响企业绩效的机制中所发挥的调节作用。结果显示:1) 在其他条件相同时,债务融资对企业绩效有负向作用;2) 在其他条件相同时,女性高管对债务融资有负向作用;3) 在其他条件相同时,女性高管会作为调节变量,在一定程度上减弱债务融资对于企业绩效的负向影响。以上结论表明企业应当重视女性高管在企业信息化发展中的特殊作用,恰当地选择合适的融资方式。The development of information technology has brought unprecedented opportunities and challenges to Chinese enterprises. One of the most important opportunities and challenges is the innovation and upgrading of all work driven by enterprise informatization construction. Debt financing is an extremely important financing channel for enterprises, and female executives are also playing an increasingly important role in enterprise affairs, and their characteristics will have a certain impact on enterprise debt financing decisions, and ultimately have an impact on enterprise performance. Against the background of China’s vigorous implementation of enterprise informatization, this paper takes the data of A-share listed companies from 2010~2019 as observations to explore the impact of debt financing on corporate performance, and to test the moderating role played by female executives in the mechanism by which debt financing affects enterprise performance. The results show that: 1) all else being equal, debt financing has a negative effect on enterprise performance;2) all else being equal, female executives have a negative effect on debt financing;and 3) all else being equal, female executives act as a moderating variable, which attenuates to a certain extent the negative effect of debt financing on enterprise performance. The above conclusions show that enterprises should pay attention to the special role of female executives in the development of enterprise informationization and choose appropriate financing methods appropriately.展开更多
研发不仅是现代企业生存与发展的基础和创新动力的源泉,完善的股权结构方便企业创新研发活动的进行,提高企业绩效。研究这二者与企业绩效的关系对企业的持续发展意义重大。本文选取2015~2022年信息技术类沪深A股上市公司作为样本,采用...研发不仅是现代企业生存与发展的基础和创新动力的源泉,完善的股权结构方便企业创新研发活动的进行,提高企业绩效。研究这二者与企业绩效的关系对企业的持续发展意义重大。本文选取2015~2022年信息技术类沪深A股上市公司作为样本,采用实证分析的方法,研究企业研发投入强度、股权集中度对企业绩效的影响关系,并分析股权集中度的调节作用,得出结论:研发投入强度对企业绩效有显著的负向影响;股权集中度对企业绩效有促进作用;股权集中度对研发强度与企业绩效之间关系起负向调节作用。Research and development (R&D) is not only the foundation of survival and development of modern enterprises and the source of innovation power. Understanding the impact of these two factors on firm performance is particularly important for firms to optimize resource allocation. This paper studies the relationship between R&D investment intensity, ownership concentration and corporate performance of listed companies in Shanghai and Shenzhen A shares in information technology from 2015 to 2022. The results show that R&D investment intensity has a significant negative impact on firm performance, and equity concentration has a positive impact on firm performance. Ownership concentration has a negative moderating effect on the relationship between R&D intensity and firm performance.展开更多
在当今的数字化时代,企业信息化已成为促进公司经济发展的一个重要组成部分。随着科学技术的进步,云计算,大数据,人工智能,物联网,区块链等新兴技术的应用越来越广泛。党的十九大报告中提出“善于结合实际创造性推动工作,善于运用互联...在当今的数字化时代,企业信息化已成为促进公司经济发展的一个重要组成部分。随着科学技术的进步,云计算,大数据,人工智能,物联网,区块链等新兴技术的应用越来越广泛。党的十九大报告中提出“善于结合实际创造性推动工作,善于运用互联网技术和信息化手段开展工作”。全国各行各业积极贯彻落实,大力发展信息化,国有企业的信息化建设在取得一定成效的同时,也存在着一些问题与不足,制约着全面深化国有企业改革的进程。本文在对宝钢公司管理现状的基础上,对其企业信息化管理存在的问题进行了剖析,并对其进行了理论上的探索。In today’s digital era, enterprise informatisation has become an important part of promoting a company’s economic development. With the progress of science and technology, the application of cloud computing, big data, artificial intelligence, Internet of Things, blockchain and other emerging technologies is becoming more and more widespread. The 19th CPC National Congress report puts forward “good at combining practical creativity to promote work, good at using Internet technology and information technology to carry out work”. All walks of life in the country to actively implement, vigorously develop information technology, information technology construction of state-owned enterprises in the achievement of certain results at the same time, there are some problems and shortcomings, restricting the comprehensive deepening of the reform process of state-owned enterprises. In this paper, on the basis of the management status quo of Baosteel, the problems of its enterprise informatisation management are analysed and explored theoretically.展开更多
文摘近年来,全球气候变化日益严重,极端天气事件频发,气候变化带来的风险已经成为全球关注的焦点。为了应对环境污染和气候变化,国际组织和各国央行等监管机构针对气候风险出台了相应文件加强监管。自2020年碳达峰、碳中和目标提出后,我国对于气候相关财务信息披露情况日益重视。保险业作为金融机构,是气候变化风险的敏感性行业,同时也是TCFD框架的主要应用行业之一,其作为气候信息披露的提供者和使用者,承担着更多责任与挑战。本文通过梳理制度背景,结合信息不对称理论和信号传递理论对保险业进行气候变化相关财务信息披露的动机进行理论分析,同时基于TCFD框架构建衡量气候变化相关财务信息披露质量的指标,对我国保险业2017~2023年的气候变化相关财务信息披露的现状进行分析,发现我国保险业的气候变化相关财务信息披露质量逐年上升,但仍存在披露不够细致、部分指标未披露的问题,以期为我国建立气候信息披露标准及框架、完善国内气候信息披露的监督和激励机制提供一定的借鉴和参考。In recent years, global climate change has been escalating in severity, with frequent occurrences of extreme weather events. The risks posed by climate change have emerged as a global focus. To counter environmental pollution and climate change, regulatory agencies such as international organizations and central banks of various countries have introduced corresponding documents to enhance supervision. Since the goals of carbon peaking and carbon neutrality were proposed in 2020, China has attached growing significance to the disclosure of climate-related financial information. The insurance industry, as a financial institution, is a sensitive sector to climate change risks and is also one of the main application industries of the TCFD framework. As both a provider and user of climate information, it shoulders more responsibilities and faces more challenges. This article conducts a theoretical analysis of the motivation for climate change-related financial information disclosure in the insurance industry by sorting out the institutional background and integrating the theories of information asymmetry and signal transmission. Simultaneously, based on the TCFD framework, an index is constructed to measure the quality of climate change-related financial information disclosure. The current status of climate change-related financial information disclosure in China’s insurance industry from 2017 to 2023 is analyzed. It has been discovered that the quality of climate change-related financial information disclosure in China’s insurance industry has been escalating year by year. However, issues such as insufficient detailed disclosure and the non-disclosure of some indicators still exist. This is expected to offer certain references and inspirations for establishing climate information disclosure standards and frameworks in China and improving the supervision and incentive mechanisms for domestic climate information disclosure.
文摘在国内低碳减排和国际高碳产品征税背景下,制造业企业亟需增强绿色创新。本文选取2011~2023年中国制造业上市企业样本,实证分析了制造业企业碳信息披露与绿色创新效率之间的关系,以及市场绿色投资者和政府减排目标约束的调节作用。结果表明:制造业碳信息披露提升了企业绿色创新效率。市场绿色投资者与政府减排目标约束正向调节制造业企业和重污染制造业企业碳信息披露与绿色创新效率的关系。同时,市场绿色投资者与政府减排约束正向调节效应在智能化和数字化水平高的制造业企业中更加显著。Under the background of domestic low-carbon emission reduction targets and international high-carbon products taxation, manufacturing companies urgently need to enhance green innovation. Selecting China’s listed manufacturing companies from 2011 to 2023 as a research sample, this paper empirically analyzes the relationship between carbon information disclosure and green innovation efficiency of manufacturing companies, as well as the moderating effect of green investors and government emission reduction constraints. The findings show that carbon information disclosure of manufacturing companies promotes green innovation efficiency. Green investors and government emission reduction constraints positively moderate the relationship between carbon information disclosure and green innovation efficiency in manufacturing companies. And, the positive moderating effect is more significant in manufacturing companies with high intelligence and digital level.
文摘在信息化转型时代背景下,众多企业通过智慧审计这一信息化转型产物解决审计项目存在的问题,对防范化解审计风险、提高经济治理水平发挥着关键作用。本文从分析企业智慧审计的趋势和挑战角度出发,通过发挥智慧审计优势来实现审计创新;通过完善相关法律法规、培养信息化审计人才,用智慧审计实现企业的信息化转型。In the context of the era of digital transformation, many enterprises solve the problems existing in audit projects through intelligent audit, the product of digital transformation which plays a key role in preventing and resolving audit risks and improving the level of economic governance. This paper starts from the analysis of the trends and challenges of intelligent audit in enterprises, realizes audit innovation by leveraging the advantages of intelligent auditing;improves related laws and regulations, cultivates digital auditing talents, and realizes the digital transformation enterprises through intelligent auditing.
文摘企业投资决策受企业财务状况影响较大,良好的财务水平有助于企业更好地进行投资决策,进而提高企业市场竞争水平。作为国内知名的电子商务企业,拼多多近年来在投资决策方面发生了许多变化,如扩张型投资向稳健型投资转变,这表明拼多多对于投资的谨慎性越来越强,同时也反映了拼多多财务情况的变化。分析了拼多多财务整体情况、收入情况和负债情况,对财务情况变化引起的投资决策变化进行了解读,提出保持足够的现金流、合理控制投资预算及强化财务风险管理对策,希望对拼多多财务状况改善、投资决策能力提高起到促进作用。Enterprise investment decisions are greatly influenced by the financial situation of the enterprise, and a good financial level helps the enterprise make better investment decisions, thereby improving its market competitiveness. As a well-known e-commerce enterprise in China, Pinduoduo has undergone many changes in investment decisions in recent years, such as the shift from expansionary investment to prudent investment. This indicates that Pinduoduo is becoming increasingly cautious about investment and also reflects changes in its financial situation. The paper analyzes the overall financial situation, income situation, and debt situation of Pinduoduo, interprets the changes in investment decisions caused by changes in financial situation, proposes measures to maintain sufficient cash flow, reasonably control investment budget, and strengthen financial risk management, hoping to promote the improvement of Pinduoduo’s financial situation and investment decision-making ability.
文摘2023年6月国际可持续发展准则理事会(ISSB)正式发布国际财务报告可持续披露准则第1号《可持续相关财务信息披露一般要求》和第2号《气候相关披露》。2022年7月《经济学人》刊登了题为《ESG这三个字母拯救了不了地球》(ESG:Three Letters that Won’t Save the Planet)的封面文章,主张ESG应浓缩为E,这里的E不是泛指Environment(环境)而是特指Emission(碳排放)。因此ESG报告呈现出精准化发展特点,向反映气候相关信息的碳报告演进成为明显趋势。
文摘近年来,我国经济快速发展充分激发了市场活力,经济环境也变得多样而复杂。中小企业作为国民经济中至关重要的组成部分,相较于大型企业,由于缺乏发展经验和管理,往往面临着一定风险,税收风险就是其中的重要组成部分。当下,税务信息化已经成为必然趋势,尤其是“金税四期”正式施行后,企业的税务系统将向全数据、全业务、全流程方向转变。税务信息化不仅可以提高税务效率,对税务风险也会产生深远影响,因此中小企业可以着眼税务信息化,通过引入信息化技术优化税务风险管理工作,从而促进其可持续发展。在此基础上,本文对中小企业税务风险的成因和对策进行了分析和探讨,首先概括企业税务风险管理的理论知识,并通过查阅相关资料归纳整理产生税务风险的原因,指出税务信息化管理工作的意义,并有针对性地给出了相应的解决方案。希望能帮助我国中小企业提升在信息化时代应对税收风险防范的能力,为企业的发展提供帮助,也为国民经济稳定运行奠定坚实基础。In recent years, China’s rapid economic development has fully stimulated the vitality of the market, and the economic environment has become diverse and complex. As a vital part of the national economy, small and medium-sized enterprises often face certain risks due to lack of development experience and management compared with large enterprises, and tax risk is an important part of it. At present, tax informatization has become an inevitable trend, especially after the official implementation of the “fourth phase of golden tax”, the tax system of enterprises will change to the direction of full data, full business and full process. Tax informatization can not only improve tax efficiency, but also have a far-reaching impact on tax risks, so small and medium-sized enterprises can focus on tax informatization and optimize tax risk management through the introduction of information technology, so as to promote their sustainable development. On this basis, this paper analyzes and discusses the causes and countermeasures of tax risks of small and medium-sized enterprises, firstly summarizes the theoretical knowledge of enterprise tax risk management, summarizes and sorts out the causes of tax risks by consulting relevant materials, points out the significance of tax information management, and gives corresponding solutions. It is hoped that it can help China’s small and medium-sized enterprises improve their ability to cope with tax risks in the information age, provide help for the development of enterprises, and lay a solid foundation for the stable operation of the national economy.
文摘信息技术的发展给中国企业带来了前所未有的机遇与挑战。其中,一个最重要的机遇和挑战是企业信息化建设所带动的各项工作的创新与升级。债务融资是企业极其重要的融资途径,而女性高管也在企业事务中发挥越来越重要的作用,其特质性会对企业的债务融资决策产生一定的影响,最终会对企业绩效产生作用。在中国大力推行企业信息化的背景下,本文以2010~2019年A股上市公司数据作为观测值,探讨债务融资对企业绩效的影响,并且检验女性高管在债务融资影响企业绩效的机制中所发挥的调节作用。结果显示:1) 在其他条件相同时,债务融资对企业绩效有负向作用;2) 在其他条件相同时,女性高管对债务融资有负向作用;3) 在其他条件相同时,女性高管会作为调节变量,在一定程度上减弱债务融资对于企业绩效的负向影响。以上结论表明企业应当重视女性高管在企业信息化发展中的特殊作用,恰当地选择合适的融资方式。The development of information technology has brought unprecedented opportunities and challenges to Chinese enterprises. One of the most important opportunities and challenges is the innovation and upgrading of all work driven by enterprise informatization construction. Debt financing is an extremely important financing channel for enterprises, and female executives are also playing an increasingly important role in enterprise affairs, and their characteristics will have a certain impact on enterprise debt financing decisions, and ultimately have an impact on enterprise performance. Against the background of China’s vigorous implementation of enterprise informatization, this paper takes the data of A-share listed companies from 2010~2019 as observations to explore the impact of debt financing on corporate performance, and to test the moderating role played by female executives in the mechanism by which debt financing affects enterprise performance. The results show that: 1) all else being equal, debt financing has a negative effect on enterprise performance;2) all else being equal, female executives have a negative effect on debt financing;and 3) all else being equal, female executives act as a moderating variable, which attenuates to a certain extent the negative effect of debt financing on enterprise performance. The above conclusions show that enterprises should pay attention to the special role of female executives in the development of enterprise informationization and choose appropriate financing methods appropriately.
文摘研发不仅是现代企业生存与发展的基础和创新动力的源泉,完善的股权结构方便企业创新研发活动的进行,提高企业绩效。研究这二者与企业绩效的关系对企业的持续发展意义重大。本文选取2015~2022年信息技术类沪深A股上市公司作为样本,采用实证分析的方法,研究企业研发投入强度、股权集中度对企业绩效的影响关系,并分析股权集中度的调节作用,得出结论:研发投入强度对企业绩效有显著的负向影响;股权集中度对企业绩效有促进作用;股权集中度对研发强度与企业绩效之间关系起负向调节作用。Research and development (R&D) is not only the foundation of survival and development of modern enterprises and the source of innovation power. Understanding the impact of these two factors on firm performance is particularly important for firms to optimize resource allocation. This paper studies the relationship between R&D investment intensity, ownership concentration and corporate performance of listed companies in Shanghai and Shenzhen A shares in information technology from 2015 to 2022. The results show that R&D investment intensity has a significant negative impact on firm performance, and equity concentration has a positive impact on firm performance. Ownership concentration has a negative moderating effect on the relationship between R&D intensity and firm performance.
文摘在当今的数字化时代,企业信息化已成为促进公司经济发展的一个重要组成部分。随着科学技术的进步,云计算,大数据,人工智能,物联网,区块链等新兴技术的应用越来越广泛。党的十九大报告中提出“善于结合实际创造性推动工作,善于运用互联网技术和信息化手段开展工作”。全国各行各业积极贯彻落实,大力发展信息化,国有企业的信息化建设在取得一定成效的同时,也存在着一些问题与不足,制约着全面深化国有企业改革的进程。本文在对宝钢公司管理现状的基础上,对其企业信息化管理存在的问题进行了剖析,并对其进行了理论上的探索。In today’s digital era, enterprise informatisation has become an important part of promoting a company’s economic development. With the progress of science and technology, the application of cloud computing, big data, artificial intelligence, Internet of Things, blockchain and other emerging technologies is becoming more and more widespread. The 19th CPC National Congress report puts forward “good at combining practical creativity to promote work, good at using Internet technology and information technology to carry out work”. All walks of life in the country to actively implement, vigorously develop information technology, information technology construction of state-owned enterprises in the achievement of certain results at the same time, there are some problems and shortcomings, restricting the comprehensive deepening of the reform process of state-owned enterprises. In this paper, on the basis of the management status quo of Baosteel, the problems of its enterprise informatisation management are analysed and explored theoretically.
