Green finance started relatively late in China,but it has huge potential.Green finance receives more support from policies,enterprises,markets,and technology.The investment banking departments of commercial banks coul...Green finance started relatively late in China,but it has huge potential.Green finance receives more support from policies,enterprises,markets,and technology.The investment banking departments of commercial banks could combine provision of fund and provision of expertise,and thus offer comprehensive services to enterprises and governments.展开更多
This paper studies the effect of the standardization of the strategy translation process on procedural fairness in budgeting and firm performance.Analysis of250 valid questionnaires using a structural equation model s...This paper studies the effect of the standardization of the strategy translation process on procedural fairness in budgeting and firm performance.Analysis of250 valid questionnaires using a structural equation model shows that the strategy translation process(STP)affects firm performance not only directly but also indirectly,through budget participation and procedural fairness in budgeting.This study enriches the literature on the economic consequences of strategic performance measurement systems and expands research on procedural fairness in budgeting and the factors influencing firm performance.This study shows that the standard translation and implementation of strategy will decrease managers’bias in the target-setting process,thus increasing manager’s sense of fairness in the budget process and ultimately improving firm performance.展开更多
文摘Green finance started relatively late in China,but it has huge potential.Green finance receives more support from policies,enterprises,markets,and technology.The investment banking departments of commercial banks could combine provision of fund and provision of expertise,and thus offer comprehensive services to enterprises and governments.
文摘This paper studies the effect of the standardization of the strategy translation process on procedural fairness in budgeting and firm performance.Analysis of250 valid questionnaires using a structural equation model shows that the strategy translation process(STP)affects firm performance not only directly but also indirectly,through budget participation and procedural fairness in budgeting.This study enriches the literature on the economic consequences of strategic performance measurement systems and expands research on procedural fairness in budgeting and the factors influencing firm performance.This study shows that the standard translation and implementation of strategy will decrease managers’bias in the target-setting process,thus increasing manager’s sense of fairness in the budget process and ultimately improving firm performance.
