Research on the Relationship between the Competitiveness of High-tech Enterprises and Enterprise Value
- DOI
- 10.2991/icemse-19.2019.137How to use a DOI?
- Keywords
- Enterprise competitiveness, enterprise value, dynamic capabilities, environmental dynamism
- Abstract
Since the 1980s, enterprise management has entered the stage of value management with the goal of maximizing enterprise value. In order to achieve the goal of maximizing value, companies must compete. Therefore, how to continuously enhance the competitiveness of enterprises to maximize the value of enterprises is a major issue that enterprise managers must seriously consider. Based on whether it shows competitive advantage, this paper divides enterprise competitiveness into revealed competitiveness and dynamic capabilities. By constructing multiple linear regression models, we study the impact of revealed competitiveness and dynamic capabilities on enterprise value. The empirical results show that both revealed competitiveness and dynamic capabilities can positively affect enterprise value, but environmental dynamism will weaken the impact of both on enterprise value.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Fengzhou Wang AU - Yanyue Zhang PY - 2019/09 DA - 2019/09 TI - Research on the Relationship between the Competitiveness of High-tech Enterprises and Enterprise Value BT - Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics (ICEMSE 2019) PB - Atlantis Press SP - 595 EP - 598 SN - 2352-5428 UR - https://doi.org/10.2991/icemse-19.2019.137 DO - 10.2991/icemse-19.2019.137 ID - Wang2019/09 ER -