journal article
Open Access
Jun 28, 2019
Lean Path for High-Quality Development of Chinese Logistics Enterprises Based on Entropy and Gray Models
Abstract
According to literature review and the data of China’s logistics listed companies, this paper firstly designs the high-quality development evaluation system of logistics enterprises and establishes the panel data model group. Secondly, the method of entropy weight-Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS method) is used to synthesize and regress the indexes, and obtains that the fitting degree of the model is low, which is caused by the lack of data of some indicators in the logistics enterprises. Due to the gray nature of data information, the improved gray relational model and the three-dimensional gray relational model are constructed to study, in-depth, the strategic focus and breakthrough of high-quality development of Chinese logistics enterprises. The research finds that the innovation and the operation ability of Chinese logistics enterprises are weak, which shows specifically in the following aspects: (1) The irrational structure of the employees, the proportion of employees with a bachelor degree or above is small, and the high-education personnel fail to significantly promote the corporate performance; (2) R&D expenditure has little effect on the high-quality development of enterprises. The proportion of R&D expenses is small and cannot be translated into actual benefits, and the ability of enterprise management innovation is insufficient. According to these findings, this paper gives three lean paths for the high-quality development of China’s logistics enterprises.
Topics
No keywords indexed for this article. Browse by subject →
References
56
[1]
Ze "On the Key Points of Advancing Chinese Logistics Industry in the 13th Five-year Plan Period" Financ. Trade Econ. (2015)
[2]
Zhang "The Decomposition of “Logistics Cost as a Percent of GDP” and the Comparison between China and America" China Bus. Mark. (2018)
[3]
Yin "The Analysis on the Problems with China’s Logistics Industry" China Bus. Mark. (2012)
[4]
Zhao "Construction and Design of Evaluation Index System of Innovative Enterprises on Innovative Capacities" Sci. Technol. Manag. Res. (2011)
[5]
Wang "Application Research of Enterprise Informationization Performance Evaluation Based on BSC" China Soft Sci. (2006)
[6]
Ren "The Criteria, Determinants and Ways to Achieve High-quality Development in China in the New Era" Reform (2018)
[7]
He "In-depth implementation of the new development concept to promote high-quality development of China’s economy" Macroecon. Manag. (2018)
[8]
Li "Promoting China’s steady march toward high-quality economic development" Wisdom China (2018)
[9]
Feng "Five characteristics and five approaches of China’s high-quality economic development" Chin. Cadres Trib. (2018)
[10]
Jia "“Four necessities” for achieving higher quality development" Governance (2018)
[11]
SU "Performance evaluation of green development strategy of express delivery enterprises based on BSC" Enterp. Econ. (2015)
[12]
Le "Transformation and Upgrade of Cold Chain Logistics Enterprises under Reform of the Supply Front" Railw. Transp. Econ. (2016)
[13]
Shi "China’s Logistics Enterprises’ Countermeasures of Supply Side Structural Reform" China Bus. Mark. (2016)
[14]
Xie "Research on the Strategic Development Path and Tactics Innovation of Logistics Enterprises under the Background of Supply-side Reform in China" China Bus. Mark. (2017)
[15]
Shi "Evaluation of the Market Value Management in Chinese Listed Companies" Chin. J. Manag. (2008)
[16]
Tether "Do services innovate differently Insights from European innovation survey" Ind. Innov. (2005) 10.1080/13662710500087891
[17]
Swamidass "Modeling the adoption rates of manufacturing technology innovations by small US manufacturers: A longitudinal investigation" Res. Policy (2003) 10.1016/s0048-7333(02)00019-7
[18]
Liu "Empirical analysis of capital structure influencing factors of real estate listed companies" China Econ. (2011)
[19]
Ling, S.A. (2004). Comprehensive Logistics Strategy of Large Container Shipping Enterprises in China. [Master Thesis, Shanghai Maritime University].
[20]
Zhang "Key Dimensions of Brand Value Co-creation and Its Im-pacts upon Customer Perception and Brand Performance: An Empirical Research in the Context of Industrial Services" Nankai Bus. Rev. (2013)
[21]
Yi "An Empirical Analysis of Private Corporate Social Responsibility and Financial Performance" J. Cent. South Univ. (Soc. Sci.) (2012)
[22]
Liu "Positive research on Society responsibility Accounting Information Highlight-the Empirical Data From 2002 to 2004 on the Shanghai Stock Exchange" Account. Res. (2006)
[23]
Deng "The Evaluation of Cool-Chain 3PL Enterprises: An Application of the Extension Method" Theory Pract. Financ. Econ. (2010)
[24]
Cordero "The measurement of innovation performance in the firm: An overview" Res. Policy (1990) 10.1016/0048-7333(90)90048-b
[25]
Collier "Measuring the performance of R&D department" Res. Manag. (1977)
[26]
China Federation of Logistics and Purchasing (2019, June 27). Logistics Enterprise Classification and Evaluation Index. Available online: https://wenku.baidu.com/view/9490513f4531b90d6c85ec3a87c24028915f85e8.html.20.
[27]
Tian "Research on the evaluation index system of logistics enterprise operation and management based on SCOR model" Reform Econ. Syst. (2010)
[28]
Guo "The Connotation and Evaluating Method on Sustainable Growth of Firms" Soft Sci. (2005)
[29]
Ding "Evaluation of operating efficiency of listed logistics enterprises in China and analysis of influencing factors" Mod. Manag. (2014)
[30]
Xu "Research on evaluation index system of enterprise innovation ability" Sci. Res. Manag. (2015)
[31]
Chen "The effect of technical learning on innovative performance" Stud. Sci. Sci. (2007)
[32]
Hagedoorn "Measuring innovative performance: Is there an advantage in using multiple indicators" Res. Policy (2003) 10.1016/s0048-7333(02)00137-3
[33]
Pan "Chinese manufacturing industry development strategy from the financial perspective" Gray Syst. Theory Appl. (2006) 10.1108/gs-02-2016-0003
[34]
Bao "Empirical Study of Intellectual Property Value Index for High-tech Enterprises" J. Intell. (2018)
[35]
Zhu "Study on Interaction of Technological Innovation Investment and Corporate Social responsibility on Corporate Financial Performance" Account. Res. (2014)
[36]
Jiang, T.S. (2007). Study on the Operation Performance Evaluation System of Highway Transport Enterprise Based on DEA. [Master Thesis, Central South University].
[37]
Thor, C.G. (1994). The Measures of Success: Creating a High Performance Organization, Oliver Wright Publications Inc.
[38]
Wang "Research on Evaluating Index of TPL Enterprises’ Competitiveness" Theory Pract. Financ. Econ. (2005)
[39]
Beal "Performance Implications of Aligning CEO Functional Experiences with Competitive Strategies" J. Manag. (2000)
[40]
Jia "The Impact of Manager Competency and Strategic Orientation on Firm Performance" Manag. World. (2015)
[41]
Wang "Research on the Impact of Lean Inventory Management on Corporate Performance-An Empirical Test from Chinese Manufacturing Listed Companies" Manag. Rev. (2017)
[42]
Schumpeter, J.A. (1986). The Dynamics of Market Economies, Elsevier Science Ltd.
[43]
Yang "Environmental protection investment, technological innovation and enterprise market value" Commun. Financ. Account. (2018)
[44]
Cheng "An Empirical Study on the Relationship Between R&D Inputs and Performance" Sci. Manag. Res. (2006)
[45]
Liang "Empirical Research on the R&D expenditure and Its Economic Effect of Listed Companies" Sci. Manag. Sci. Technol. (2006)
[46]
Wang "Empirical research on the correlation between R&D input and performance: Based on panel data of listed companies on the board of small and medium-sized enterprises" Commun. Financ. Account. (2009)
[47]
Koellinger "The relationship between technology, innovation, and firm performance: Empirical evidence from e-business in Europe" Res. Policy (2008) 10.1016/j.respol.2008.04.024
[48]
Chen "Theoretical framework and system of enterprise innovation based on ownership perspective" Econ. Perspect. (2013)
[49]
Tou "Impact of asset structure of listed automobile manufacturing enterprises on enterprise performance" Financ. Account. Mon. (2006)
[50]
Xu "Information disclosure of intangible assets and its value correlation-empirical data from Shanghai stock market" Account. Res. (2001)
Showing 50 of 56 references
Metrics
11
Citations
56
References
Details
- Published
- Jun 28, 2019
- Vol/Issue
- 21(7)
- Pages
- 641
- License
- View
Authors
Funding
Henan Province Soft Science Research Plan Project
Award: 182400410054
Henan provincial government decision research tendering project
Award: 2018B019
Henan provincial social science planning decision consultation project
Award: 2018JC05
Cite This Article
Yimin Huang, Qiuxiang Li, Xueying Wang, et al. (2019). Lean Path for High-Quality Development of Chinese Logistics Enterprises Based on Entropy and Gray Models. Entropy, 21(7), 641. https://doi.org/10.3390/e21070641
Related
You May Also Like
Explainable AI: A Review of Machine Learning Interpretability Methods
Pantelis Linardatos, Vasilis Papastefanopoulos · 2020
2,260 citations
Approximate Entropy and Sample Entropy: A Comprehensive Tutorial
Alfonso Delgado-Bonal, Alexander Marshak · 2019
587 citations
Enhanced Sampling in Molecular Dynamics Using Metadynamics, Replica-Exchange, and Temperature-Acceleration
Cameron Abrams, Giovanni Bussi · 2013
387 citations