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This article investigates the effect of firm size on the performance of Vietnamese private enterprises. Based on the data from the Annual Enterprise Survey from 2009 to 2018, this study uses an ordinary least-squares regression model (OLS) to point out the effects of firm size (growth rate, total assets, and total labor) on the performance of Vietnamese private enterprises in both static and dynamic states. According to the results of the quantitative model, total assets are the biggest factor for determining firm performance, followed by total labor and growth rate. The results highlight the issue in Vietnamese private enterprises development in terms of scale, despite the fact that their number is growing, as the scale of enterprises decreases (the proportion of micro and small enterprises increases, but the proportion of medium and big enterprises decreases). Besides, the disadvantages of scale also negatively affect the development process of Vietnamese private enterprises, including accessing capital, increase in production or productivity, business expansion, and improving competitiveness. AcknowledgmentsThis research is supported by the National Science Project “Development of Private Enterprises in the Southwest Region in the new context” (KHCN-TNB/14-19/X15).

Bankers’ acceptance drafts (BADs) are transferrable promissory notes that are designed to facilitate trade and that circulate among firms much like large-denomination bank notes. They play an important role in facilitating sales between industrial companies in China, particularly during straitened economic times. They have also been used to commit widescale fraud as bankers took advantage of the lack of insight regulators had into BADs’ circulation. However, BADs’ true value is as a tool that banks—and, to a lesser extent, companies—have repeatedly used to meet the often contradictory demands made of them by Beijing as it regulates the economy. In the years after the 2008 stimulus, banks used BADs to harvest deposits (companies must place a portion of the face value of a BAD issued on their behalf on deposit at the issuing bank), allowing them to meet strict loan-to-deposit ratios even as the practice resulted in ballooning off-balance-sheet credit creation. When Beijing cracked down on local government borrowing, some local governments got around the strictures by structuring BADs in creative ways that ensured ongoing access to funding. And starting in 2018, banks met Beijing’s demand that they reduce risk while increasing lending to small private companies—a group banks regard as the riskiest potential borrowers in the economy—by massively increasing their discounting of BADs, an approach that technically realized the competing demands but had none of the stimulatory effects Beijing had hoped for. This article will look at how BADs—and their counterpart, commercial acceptance drafts—give banks and state firms the flexibility to balance the political demands of the state with their own perceived interests. It will focus on how banks used BADs in 2018 and 2019 to deal with Beijing’s concerns about lack of funding for small private firms.

The basic principles of formation and normative-legal regulation of the organization of the account of subjects of small business in Ukraine are considered. The formation and development of small business in Ukraine is detailed in the dynamics, in accordance with current regulations for the period 1991-2021. It is established that the formation of small business in Ukraine, in particular legal entities of small businesses have certain features. Such features of the formation and development of private enterprises are associated with certain legal conflicts that arise in the formation of small businesses and their operation. The study of the activities of a private enterprise in modern business conditions has led to a study to assess the impact of structural factors on the volume of sales. It is proved that small businesses with no assortment of products are exposed to seasonal factors. There are different approaches to the choice of a system of statistical indicators to assess the structural changes in output in the dynamics. The expediency of application of the index method, in particular seasonality indices for the purpose of measurement of influence of seasonal fluctuations on volume of realization of production (works, services) is confirmed. The algorithm for estimating seasonal components for the volume of sales, in particular water, is determined. The seasonal wave of sales of products by a small business entity is presented graphically. The rhythm and seasonal fluctuations of sales of products by a small enterprise are estimated according to the quarterly dynamics by the method of offset taking into account rhythmic deliveries. The system of indicators is calculated on the basis of seasonality indices: amplitude of fluctuations; linear and standard deviation to measure the effect of seasonal fluctuations. Effective methods of improving the analysis of small businesses are proposed.

In 2014, the Chinese government adopted a version of the controversial Big Push approach to poverty reduction, and augmented this once-discredited developmental narrative by enlisting very large private enterprises to operate in the poorest regions. Not without controversies, this approach and the resources associated with it has created new state-large business relations in China. This article studies four large enterprises and examines why they participated in poverty reduction, the resulting state–business relations and the outcomes of poverty reduction. The field research was conducted in 2018 through in depth interviews with company management and site visits. The findings show that the local state became collaborators of big businesses that were endorsed by the central government. Whether these relationships become formalised will depend on the future direction of poverty reduction. This research contributes to the literature on how state–business relations may initiate economic growth.

During the past forty years of reform and opening up, China’s private economy has made remarkable strides. This paper introduces start-up organizational processes into the study of elite mobility i...

This article discusses scenarios for determining priorities and prospects for the development of small business and private entrepreneurship in the construction industry, and also gives recommendations for increasing the volume of construction work. Thus, according to our analysis, the main factors affecting the development of the construction industry in the Tashkent region are industrial development, nominal wages, population and investment in fixed assets, and the main difference in these indicators in regional units is considered a serious problem. According to the results of the developed scenario, reducing the gap between these indicators in regional units will increase the annual growth rate of construction and installation work from 10.1% to 23.9%, which, in turn, will increase the number of builders in the construction sector by 242 units. As a General conclusion, the organization of payments between the manufacturer and the customer when purchasing products in the construction industry affects the development of the network, as well as CBS. In addition, gradual payment by the customer based on payment for completed construction works will play an important role in the development of market legislation in the industry, the elimination of monopolies and the development of IFRS.

The article examines the organizational and legal basis, as well as the features of taxation of individuals engaged in entrepreneurial activity. In the framework of the Tax Policy Improvement Concept, an assessment of changes in the taxation procedure of individuals engaged in entrepreneurial activity is given, and author views on improving taxation of individual entrepreneurs are presented.

El presente trabajo aborda el proceso constructivo del órgano realizado a principios del siglo XVIII para el coro de la colegiata de Santa María de la Encarnación de Ronda (Málaga). Una iniciativa que partió del legado económico dejado para tal fin en su testamento por el beneficiado Francisco Martel, cuyo proyecto inició el maestro organero de Osuna Diego Soriano y finalizó el de Granada Juan Félix Marzián, con la participación en la caja de entalladores rondeños. Se trata del órgano más antiguo de la provincia de Málaga y su historia resultará esencial para entender la hechura de la sillería coral llevada a cabo dos décadas después.

This article sheds light on the role of foreign direct investment as an instrument for economic development and, in turn, for the advancement of U.S. foreign policy goals during the Cold War. From the earliest days of the Cold War, and especially after the U.S.-Soviet competition for influence in the developing world began in the 1950s, the United States sought to promote private enterprise on behalf of U.S. goals. In the late 1940s and early 1950s, U.S. officials believed that foreign investment would suffice to fuel international development, obviating the need for official development assistance. These hopes, however, were largely disappointed. On the one hand, U.S.-based multinational companies preferred to invest in the industrial world; on the other hand, some Third World governments were uninterested in promoting private enterprise rather than state-led development. In part because foreign investment did not meet expectations, the U.S. government ended up elaborating an official foreign aid program instead.

The Management Organization Review ‘Forum on Resilience’ was kicked off by the editors’ perspective on the lingering new normal (Välikangas & Lewin, 2020). We conclude the forum by reflecting on the persisting – perhaps hopeful, perhaps disturbing – take-aways. Not surprisingly, some companies have demonstrated resilience capabilities in quickly seizing opportunities even when faced with what initially looked like the end of business. Such determined agility represented, for example, improvising an emergent-opportunity-fitting strategy or it may have been manifested by government action (e.g., China, New Zealand, and Finland). Most famously, Zoom, the by-now ubiquitous video communications company, benefited from being in the right place at the right time, but also effectively dealt with issues such as ‘zoom bombing’, a security breach, including an upgrade of its encryption. Such successful growth strategy requires being ready for an opportunity. But the backward-looking depiction of successes also highlights the absence of a developed science of organization design underlying resilience and management practices (Lewin & Välikangas, 2020). In addition, building cognitive and stakeholder preparedness, as Zhang, Dong, and Yi (2020) and Liu and Yin (2020) point out, may be important, as well as considering leadership implications discussed by Giustiniano, Cunha, Simpson, Rego, and Clegg (2020) in the context of coping with the paradoxes unleashed by resilience. Emergency management systems become sorely tested (Cai & Ye, 2020). Do we have a new buzzword for uncertain times (Cai, 2020) or something to learn from that will help in coping with future crises or understanding the renaissance of resilience? Some themes rise above others.

Resumen El presente aporte se realizó en el marco de nuestra labor académico-investigativa en la UNED, siempre dentro de la búsqueda del mejor entendimiento acerca de la realidad nacional. Por ello, y desde una perspectiva cualitativo-documental, se abordaron los momentos en que, aparentemente, la ideología socialcristiana, propiamente la Doctrina Social de la Iglesia Católica, influyó en las condiciones económicas internas, dada su supuesta cercanía con la corriente del Liberalismo económico. De esta forma, se arriba a consideraciones que arrancan en la década de 1940 y alcanzan hasta el 2006, permitiendo inferir la existencia de un grupo político con tendencias católicas, que en ningún momento ocultó su preferencia por dicha ideología, y que, aunque latente, no tomó la forma radical propugnada por ellos. Abstract This contribution was made within the framework of our academic-research work at UNED, always in search for a better understanding of the national reality. For this reason, and from a qualitative-documentary perspective, the moments were approached when, apparently, social-christian ideology –Social Doctrine of Catholic Church– influenced internal economic conditions, given its proximity to the current of economic liberalism. In this way, the articles deems the start in the 1940s and until 2006, which allows to infer the existence of a political group with catholic tendencies, but that at no time hid their preference for such a current that has not taken the radical form that they advocate.

The article reveals some aspects of one of the latest trends in increasing the analytical capabilities of modern socio-economic statistics - the formation of business demography. The relevance of substantiating the statistical and methodological base for studying the processes of creation, stability and liquidation of economic entities is obvious due to the fact that such demographic characteristics of the life cycle of enterprises are increasingly becoming markers of the quality of the country’s economic development as a whole. The authors consider the main provisions of the methodology for the formation of business demography indicators in accordance with the Eurostat and OECD recommendations. Based on official Rosstat data, the dynamics of the rates of creation (birth rates) and liquidation (death rates) of organizations both in Russia as a whole and in federal districts and types of economic activity has been analyzed. Statistical analysis of business survey data indicates the inconsistency and variability of the business climate, the differentiation between regions and sectors of the economy in terms of business demography, as well as the manifestation of negative trends that have developed, according to the authors, in Russian entrepreneurship in recent three to four years. Thus, following substantive logic of the author’s conclusions: economic and statistical analysis based on a minimum set of indicators, including using methods of comparative interregional analysis, is very useful for making specific management decisions and choosing the priority of their implementation (depending on the characteristics of individual regions and the nature of the activities of economic entities), allowing to overcome a certain stagnation in the private enterprise sector.

PurposeThis study aims to disclose how the nature of corporate ownership, stock efficiency and wage level affect the optimal proportion of employee stock.Design/methodology/approachThis paper studies three duopoly markets: two private enterprises, two state-owned enterprises (SOEs) and a private enterprise and an SOE. The competitions between the two parties are taken as a two-stage dynamic sequential game and studied through back-induction.FindingsThe results reveal that the enterprise ownership has a directly bearing on the optimal proportion of employee stock and determines whether to implement the employee stock ownership plan (ESOP) and the specific level of the plan. The optimal proportion of employee stock is positively correlated with its contribution to enterprise efficiency. There are many influencing factors on the effect of wage level on the optimal proportion of employee stock, namely, the ownership nature of ESOP implementer and efficiency difference of different nature stocks.Social implicationsThe results of this study provide policy recommendations for companies preparing to implement ESOP.Originality/valueThe research findings provide policy implications for enterprises to prepare a suitable ESOP and the reform of national equities, especially the mixed-ownership reform in China.

International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies, 13, 4, 13A4Q: 1-13

Although China’s private equipment manufacturing enterprises have made significant progress, quality problems still occur because of the weak quality foundation. Therefore, it is necessary to scientifically evaluate the quality management of equipment manufacturing enterprises, identify the deficiencies and defects of quality management, and provide systematic and targeted countermeasures and suggestions. The thesis conducted text analysis on the quality award self-assessment materials of three companies and constructed an evaluation model for private equipment manufacturing enterprises including four sub-systems (management process, support process, customeroriented process and result) through three-level coding. Meanwhile, in order to empirically test the quality management maturity evaluation model of private equipment enterprises and explore the relationships between the sub-systems, the thesis selected 6 private equipment enterprises located in Guizhou province as the pre-survey objects and selected 80 private manufacturing enterprises located in Beijing, Zhejiang province, Guizhou province, Hunan province, and Sichuan province as the formal survey objects to carry out hypothesis test. Moreover, the thesis developed a maturity evaluation scale. Applying the scale to the case GXTF company, the thesis proposed improvement strategies for GXTF company. In theory, the thesis enriched the research on the quality management of private equipment manufacturing enterprises. In practice, the thesis provided reference for maturity evaluation, and provided an updated version for GJB9001C quality management accreditation institutions. Embora as empresas de manufaturação privadas da China têm feito progressos significativos, existem ainda problemas de qualidade uma vez que as fundações para a qualidade são débeis. Por isso mesmo, é relevante avaliar de forma científica a gestão da qualidade das empresas de manufaturação, bem como, identificar os defeitos e as deficiências da gestão da qualidade nessas mesmas e, por fim, apresentar sugestões e medidas de melhoria. Esta tese conduziu um estudo com base em procedimentos de auto-avaliação para concurso de prémios de qualidade fornecidos por três empresas e construiu um modelo de avaliação da maturidade da gestão da qualidade com quatro subsistemas (processo de gestão, processo de suporte, processo de foco no cliente e resultados) e três níveis de desempenho. Com o intuito de o testar empiricamente, foram selecionadas 6 empresas particulares de manufaturação da província de Guizhou para o pré-teste. E ainda, foram selecionadas 80 empresas sediadas em Beijing, nas províncias de Zhejiang, de Guizhou, de Hunan e de Sichuan para formalmente testar as hipóteses do odelo. Por outro lado, concebeu-se um guião para análise de processos de maturidade da gestão de qualidade e foi selecionada a empresa GXTF para este estudo. Contribuímos para a teoria com o enriquecimento da investigação da gestão da qualidade em empresas de manufaturação. E, contribuímos para a prática da gestão, com um novo modelo de avaliação da maturidade da gestão da qualidade e ainda de elementos para a atualização da norma GJB9001Cl da gestão da qualidade.

[ES] El presente trabajo tiene como finalidad analizar y estudiar el impacto de la Ley 9/2017 de Contratos del Sector Público en el acceso de las pymes a la contratación pública, busca constatar si las acciones y medidas implantadas en las directivas emitidas por la Unión Europea (las cuales se reflejan en la mencionada normativa española) realmente promueven un mayor protagonismo de las pequeñas y medianas empresas en los contratos públicos y garantizando en mayor medida el éxito de estas como adjudicatarias. A través del método bibliográfico y analítico, se expondrán casos prácticos reales y modelos de éxito, para así determinar elementos comunes que prevalecen en los procedimientos de adjudicación de las pymes adjudicatarias y que, por tanto, son una muestra de la democratización de la contratación pública. Finalmente, para realizar dicho estudio, el trabajo constará del desarrollo del marco normativo relativo a la contratación pública, jurisprudencia en esta materia, artículos científicos relevantes, normativa europea y española y casos prácticos. [EN] This paper aims to analyze and study the impact of Law 9/2017 on Public Sector Contracts on the access of SMEs to public procurement, seeks to ascertain whether the actions and measures implemented in the directives issued by the European Union (which are reflected in the aforementioned Spanish regulations) really promote a greater role of small and medium-sized enterprises in public contracts and ensuring to a greater extent the success of these as awardees. Through the bibliographic and analytical method, real case studies and successful models will be presented, in order to determine common elements that prevail in the awarding procedures of the awarding SMEs and that, therefore, are a sample of the democratization of public procurement. Finally, in order to carry out this study, the work will consist of the development of the regulatory framework relating to public procurement, case law in this area, relevant scientific articles, European and Spanish regulations and case studies.