•The worldwide COVID-19 pandemic has heavily hit small tourism enterprises.•Resilience directly and indirectly influence sustainable tourism development.•Performance mediates relationship between ...resilience and sustainable development.•Enterprise type significantly affect the results and the research model.•Small restaurant owner-managers showed more resilience than their hotel counterpart.
Tourism is one of the hardest-hit industries by the global pandemic of Novel Coronavirus (COVID-19). Small tourism enterprises have been heavily affected and have had difficulty in business recovery. This research is an early attempt to explore the direct impact of small hospitality enterprises’ resilience on sustainable tourism development as well as indirect impact through performance. A pre-tested questionnaire survey was self-administered to owner-managers of small hospitality enterprises in Greater Cairo, Egypt. The results of structural equation modeling (SEM) using AMOS showed a positive, direct, and significant impact of resilience (planned and adaptive) on sustainable tourism development and indirect influence through performance. The results of the multi-group analysis showed that enterprise type has a significant effect on the results, where restaurant owner-managers expressed more resilience than their hotel counterparts. Several theoretical (for scholars) and practical implications for tourism policy-makers and owner-managers have been discussed and elaborated.
Despite the current slowdown in global economic growth due to the impact of COVID-19, the digital economy is still performing well. Under the background of double carbon, green innovation and ...intelligent production of manufacturing enterprises have become the general trend of sustainable development. It is particularly important to study the integration of digital technology into green innovation and production processes to improve the performance of digital green innovation and the competitiveness of enterprises. However, the integration of digital technology and green innovation from the perspective of knowledge management has not been fully introduced into current literatures. In this study, hierarchical regression and fsQCA approaches were used to empirically verify the adoption process of digital green innovation activities and the impact of digital green knowledge creation on digital green innovation performance (DGIP), and explores the moderating effects of digital green risk perception (DGRP) and digital green complexity perception (DGCC) through 429 questionnaires from Chinese manufacturing enterprises. In addition, knowledge search is divided into three dimensions: scientific digital green knowledge search (SDGKS), market digital green knowledge search (MDGKS) and supply chain digital green knowledge search (SCDGKS). The results show that: i) SDGKS promotes exploitative digital green knowledge creation (EDGKC). MDGKS has a positive impact on both utilizing digital green knowledge creation (ADGKC) and EDGKC. SCDGKS promotes EDGKC. ii) The relationship between SDGKS and EDGKC is only moderated by DGCC (positive). The relationship between MDGKS and EDGKC is only moderated by DGCC (negative). The relationship between SCDGKS and EDGKC is moderated by DGRP (negative) and DGCC (negative). iii) There is an inverted U-shaped relationship between ADGKC and DGIP. There is a U-shaped relationship between EDGKC and DGIP. The essence of this study is to help manufacturing enterprises find external partners to improve their digital green innovation performance through external knowledge search partner selection. The conclusion of this study has certain theoretical contribution to the clarification of the complex process of digital green innovation. This study provides a theoretical basis for enterprises to select knowledge search partners according to their own environment to carry out digital green innovation activities smoothly. This study has practical value for enterprises to improve competitiveness, better survival and development process under the current environment.
In order to study the influence of entrepreneurial passion on entrepreneurs’ psychology and behavior, based on the theory of self-efficacy, a model of relationship between entrepreneurial passion and ...entrepreneurs’ psychology and behavior was constructed, relevant hypotheses were proposed, and the promotion mechanism of entrepreneurial passion on entrepreneurial behavior and enterprise performance was analyzed. A survey of 300 entrepreneurs from Hangzhou, Wenzhou, Jiaxing, Shaoxing, and Huzhou was conducted to verify the reliability of the questionnaire through statistical description and analysis. Then exploratory factor analysis and confirmatory factor analysis (CFA) were conducted to test the correlation between variables. Finally, the structural equation was simulated to verify the correctness of the proposed hypothesis and model. The results show that the designed questionnaire has good reliability the correction item total correlation coefficients (CITC) of all scales are greater than 0.3, values of Cronbach’s α are higher than 0.6, the validity (all inventory accumulation explanation degree are higher than 50%) and the fitting (χ
2
/df values of all scales are less than 3, comparative fitness index (CFI), goodness of fitness index (GFI), and incremental fitness index (IFI) are greater than 0.9, root-mean-square error of approximation (RMSEA) value is less than 0.08). The direct effect of harmonious passion on entrepreneurial persistence and enterprise performance is not significant, while the direct effect of compulsive passion on entrepreneurial persistence and enterprise performance is significant. Harmonious passion (
P
< 0.001) and compulsive passion (
P
< 0.01) are significantly correlated with entrepreneurial self-efficacy, and self-efficacy plays a mediating role between entrepreneurial passion and entrepreneur psychology and behavior (
P
< 0.05), and the hypothesis proposed is basically valid. Therefore, entrepreneurial passion can positively guide the entrepreneurial persistence of entrepreneurs, and at the same time promote the performance of enterprises by stimulating the positive emotions of entrepreneurs. In addition, entrepreneurs can enhance their entrepreneurial role identity, maintain a positive attitude, stimulate creativity, and innovation, to enhance their sense of energy efficiency. The government can also promote successful business cases to build an inclusive and innovative social environment and stimulate the entrepreneurial passion of entrepreneurs. This study reveals the relationship between entrepreneurial passion, self-efficacy, and entrepreneur psychology and behavior, and extends the application of entrepreneurial passion in the field of entrepreneurship.
In the context of the popular development of the low-carbon economy, the “high energy consumption, high pollution, and high emissions” of the manufacturing industry have resulted in unprecedented ...difficulties in the development of this industry. To achieve nationally determined contribution targets, China has formulated a series of low carbon development plans for heavy industry to reduce carbon emissions. Among these, low-carbon technological innovation has been used a new means for manufacturing enterprises to achieve sustainable development, which is highly valued by management practice. Taking Chinese manufacturing companies as an example, the present study investigates the mediating effect of green core competence on the relationship between low-carbon technological innovation and enterprise performance and evaluates the moderating impact of firm size on this relationship. In this study, 438 valid data points were empirically analyzed, and the results indicate that low-carbon technological innovation significantly and positively affects enterprise performance of manufacturing. Green core competence plays a mediating role in the positive effect of low-carbon technological innovation on enterprise performance. Firm size has a positive moderating effect on the relationship between low-carbon technological innovation and enterprise performance. Meanwhile, firm size also moderates the relationship between low-carbon technological innovation and green core competence. Namely, a larger firm size correlates with a more positive effect on the cultivation of green core capabilities from the low-carbon technological innovation of manufacturing companies and in stronger enterprise performance. Finally, this work provides constructive guidance for Chinese manufacturing companies on how to practice low-carbon production and achieve sustainable development.
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•Low-carbon technological innovation promotes enterprise performance of Chinese manufacturing.•We examined the model using a large sample of Chinese manufacturers.•This relationship is partially mediated by green core competence, and moderated by firm size.•Firm size exerts a positive moderating effect on low-carbon technological innovation and green core competence.
As a new enterprise development model, digitization is of great significance to the development of economy and society. Using the data of relevant listed companies from 2012 to 2020, the panel ...measurement model is used to investigate the relationship between digital transformation and enterprise performance to further reveal the internal law of whether digital transformation helps to stimulate innovation momentum. The results show that digital transformation has greatly improved the performance of enterprises, and it can stimulate the momentum of enterprise innovation. Reducing costs, increasing revenue, improving efficiency, and encouraging innovation are the main paths for digital transformation to enable the development of enterprises, among which the policy effect of enterprise innovation is the most significant. This research is of great significance to improve the user demand orientation of enterprise innovation and research and development, as well as to realize the high-quality innovation and development of enterprises.
The combination of sustainable supply chain management (SSCM) and dynamic capabilities theory is a fairly young topic, which has attracted great attention from scholars and practitioners recently. ...This study empirically investigates the impact of SSCM practices on supply chain (SC) dynamic capabilities and enterprise performance (including economic, environmental and social performance) by explicitly focusing on the mediation effect of SC dynamic capabilities on the link between SSCM practices and enterprise performance. Data collected from 209 Chinese manufacturing firms were analyzed using structural equation modeling. The results reveal that SSCM practices have a significant positive effect on SC dynamic capabilities and all three dimensions of performances. Whereas SC dynamic capabilities affect only environmental performance positively, they have no effect on economic performance and social performance. Furthermore our analysis reveals that SC dynamic capabilities partially mediate the relationship between SSCM practices and enterprise performance. Overall, the findings explicate the importance for firms, in particular those operating in developing countries, to reinforce their SC dynamic capabilities and implement effective SSCM practices as an enabler.
China's economy is changing from high-speed growth to high-quality development. Now its development is green and sustainable, characterized by low energy consumption and high innovation. Under the ...circumstance, it is vital to research on the threshold effects of energy consumption, technological innovation, and supply chain management on enterprise performance in China's manufacturing industry. This study selects data from 115 manufacturing companies listed in the Stock Exchange of Shanghai and Shenzhen from 2010 to 2019 as samples. We adopt the panel threshold model to analyze the impact of energy consumption, technological innovation, and supply chain management on enterprise performance. Our results show that energy consumption, technology innovation and supply chain management all have non-linear relationship on enterprise performance. There is an inverse S-shaped relationship between energy consumption and enterprise performance, and a significant threshold effect of technology innovation. Moreover, technological innovation has a two-sided effect on enterprise performance. In addition, supply chain management has a significant positive impact on enterprise performance. According to the project of China's carbon peaking by 2030, we put forward some methods for energy conservation, emission reduction, cost saving, and efficiency improvement for China's manufacturing industry. We also provide some suggestions for enhancing enterprises' technological innovation and supply chain management.
•We established a panel threshold model for data from 115 manufacturers in China.•Energy consumption and enterprise performance have an inverse S-shaped relation.•Technological innovation has a two-sided effect on enterprise performance.•Supply chain management has a significant positive effect on enterprise performance.
•The present findings serve as a valuable reference for SME management.•Enterprises are not simultaneously invest all their resources in all the dimensions.•Business owners can choose alternative ...strategies for improving performance.•This study identifies four types of business models.
Taiwanese Small and Medium Enterprises (SMEs) are the main driving force behind national economic development. They have played a significant role in sustaining economic growth, providing jobs, and developing industries. Facing the rapid change environment, Taiwanese SMEs continuously look for ways to survive, grow, and be competitive. This study explores how Taiwanese SMEs establish and sustain a better business performance and competitive advantage from their developing processes. Building on literature review, we use Nominal Group Technique (NGT) to identify six factors affecting firm performance. Fuzzy Set Qualitative Comparative Analysis (fsQCA) is used to conclude multiple cause-and-effect conditions of firm performance. The results also propose a model to evaluate SMEs performance.
Using Business Environment Enterprise Performance Surveys (BEEPS), this paper provides a multistage empirical analysis of product innovation and firm performance in transition economies (TEs). The ...Crepon-Duguet-Mairesse (CDM) model, a four-stage approach, is used to investigate the innovation-performance relationship. The multistage model allows studying the innovation activities of firms through multi-interrelated factors while controlling the issue of simultaneity and causality. The paper contributes to the research in this area by estimating the effect of innovation on performance through multistage equation modeling. It fills the gap in providing an understanding of factors that influence on product innovation - firm performance relationship in transition economies. This research is among the first to use product-only innovation to measure the impact of innovation on firms' performance. Findings indicate that product innovation has a positive impact on firm performance in transition economies, complemented by significant impact of specific control variables such as size, total labor cost, capital of the firm. Whereas age and competition from the informal sector, have a negative and significant effect on performance.
•Product innovation has a positive impact on firm performance in transition economies.•Crepon-Duguet-Mairesse (CDM) model, a four-stage approach, is used to investigate the innovation-performance relationship.•Skilled workers, modern technology and collaborating with foreign firms have positive impact on performance.•Time spent on innovation is positive and significantly related to the decision to innovate.•Age and competition from the informal sector, have a negative and significant effect on performance.
In recent years, green credit has become a major policy for banking institutions to financially support the green development of enterprises. However, there has been no consensus on whether and how ...green credit can effectively improve enterprise performance. This study investigates the dual impact of green credit on enterprise environmental and economic performance with a conceptual framework that incorporates eco-innovation (i.e., innovation related to eco-process, eco-product, and eco-organization) as a mediator. Using the structural equation model and data from China's 376 textile manufacturing firms, this study reveals that green credit directly improved enterprise economic performance but had no significant direct effect on environmental performance. Eco-innovation showed a complete and partial mediating effect in the indirect relationships between green credit and environmental performance, and economic performance, respectively. Such a mediated path can avoid excessive green investment, alleviate financial burden, and promote the green transformation of enterprises with high pollution and high energy consumption (HH), thus contributing to the sustainable development of green credit. This study offers a valuable framework to assist business managers, bankers, and policymakers in managing green credit, strengthening eco-innovation, and improving environmental and economic performance.
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•Green credit directly improved economic but not environmental performance.•Eco-innovation mediated the impacts of green credit on enterprise performance.•Eco-innovation activities are measured from industrial engineering perspective.•Credit granting to enterprise eco-innovation contributes to sustainable green credit.
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