Latest Research News on Industrial Firms: Jan – 2020

New product processes at leading industrial firms

This article is about game plans for brand spanking new products. The strategic importance of development including high risks and failure rates has led many companies to reconsider the way they are going about conceiving, developing, and launching new products. Some firms have adopted a proper new product process or “stage-gate system” for moving new product projects from idea to launch [1]. this text reports the performance results that a couple of leading firms—IBM, 3-M, GM, Northern Telecom, and Emerson Electric—have had with implementing such new product game plans. [1]

Local Governments as Industrial Firms: An Organizational Analysis of China’s Transitional Economy

Despite widespread skepticism about government ownership in transitional economies, China’s rapid industrial growth has been led by public enterprises. Kornai’s theory of sentimental budbet constraints, born of the failure of earlier Hungarian reforms, fosters such skepticism-but it assumes as fixed organizational characteristics that actually vary widely across government jurisdictions. Local governments with smaller industrial bases have clearer financial incentives and constraints, fewer nonfinancial interests in enterprises, and a greater capacity to watch them. In China’s vast public sector, the fastest growth in output and productivity has occurred where government ownership rights are clearest and most easily enforced, which enables officials to manage public industry as a diversified market-oriented firm. [2]

Competition and Corporate Tax Avoidance: Evidence from Chinese Industrial Firms

This article investigates whether market competition enhances the incentives of Chinese industrial firms to avoid corporate tax . We estimate the consequences of competition on the connection between firms’ reported accounting profits and their imputed profits supported the value account. To deal with measurement errors and potential endogeneity, we use instrumental variables, exogenous policy shocks and other robustness analysis. we discover robust and consistent evidence that firms in additional competitive environments engage in additional minimization activities. Moreover, all else equal, firms in relatively disadvantageous positions demonstrate stronger incentives to avoid corporate tax. [3]

Scientific Research and Public Expenditure

THE statistical survey of scientific and technical research in British industry recently made by the economic Research Secretariat of the Federation of British Industries, while admittedly incomplete, may be a valuable supplement to the survey of expenditure on research and development which formed the topic of the Third Report of the committee on Estimates for the Session 1946–47 (132–1. London: H.M. Stationery Office, 1947. 6s. net). The Federation’s report is predicated on the 471 replies received to about nine hundred copies of a questionnaire circulated to industrial firms known or thought likely to be completing research. it’s estimated that the survey covers some seventy-five per cent of the economic attempt of Great Britain, although probably less than fifty per cent of the firms completing research. [4]

Determinants of Financial Performance in the Industrial Firms: Evidence from Jordan

This paper investigates the factors affecting the financial performance of the Jordanian manufacturing industrial firms. Secondary data has been collected from the Amman stock market annual publication “Financial Statement Analysis of commercial firms listed in Amman stock market for the amount 2005-2015. the info were gathered from the financial statements of commercial firms namely, record and earnings report published by www.ase.com, the sample consists of (23) industrial firms. The researchers employed E.views software packages for the multivariate analysis of the present study. The variable is firm’s performance measure ROA, the independent variables includes (LV, LQ, FS, PR, RV). The findings reveal that the variables of liquidity, profitability, and revenues are positively related with the return on assets (ROA). On the opposite hand, the variables of leverage and firm size are negatively related with it. [5]

Reference

[1] Cooper, R.G. and Kleinschmidt, E.J., 1991. New product processes at leading industrial firms. Industrial Marketing Management, 20(2), (Web Link)

[2] Walder, A.G., 1995. Local governments as industrial firms: an organizational analysis of China’s transitional economy. American Journal of sociology, 101(2), (Web Link)

[3] Cai, H. and Liu, Q., 2009. Competition and corporate tax avoidance: Evidence from Chinese industrial firms. The Economic Journal, 119(537), (Web Link)

[4] Scientific Research and Public Expenditure
Nature volume 160, (Web Link)

[5] Matar, A. and Eneizan, B. (2018) “Determinants of Financial Performance in the Industrial Firms: Evidence from Jordan”, Asian Journal of Agricultural Extension, Economics & Sociology, 22(1), (Web Link)

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