Lean Path for High-Quality Development of Chinese Logistics Enterprises Based on Entropy and Gray Models
Abstract
:1. Introduction
2. Design of High-Quality Development Evaluation System for Logistics Enterprises
2.1. Connotation of High-Quality Development
2.2. Design of High-Quality Development Evaluation System for Logistics Enterprises
- (1)
- Corporate social recognition indicators
- (2)
- Enterprise scale efficiency indicators
- (3)
- Enterprise innovation performance indicators
- (4)
- Enterprise innovation investment indicators
- (5)
- Enterprise operational capability indicators
3. Measurement Model and Analysis
3.1. Theoretical Mechanism and Research Hypothesis
3.1.1. Relationship between Indicator and Indicator
3.1.2. The Relationship among Indicators
3.2. Selection of Data, Variables, and Model Selection
3.3. Test Results and Analysis
4. Gray Spatial Association Model and Analysis
4.1. Model Construction
4.1.1. Model 11 (Gray Superiority Factor Analysis Model)
4.1.2. Model 12 (Three-Dimensional Gray Correlation Model)
4.2. Empirical Analysis
- ,
- ,
- ,
- .
- (1)
- The effect of enterprise operation ability on the growth of enterprise social recognition is significantly higher than that of enterprise innovation input.
- (2)
- The effect of enterprise operation capability on the growth of enterprise scale efficiency is significantly higher than that of enterprise innovation input, but the correlation between the two indexes and enterprise scale efficiency is less than 0.5. It shows that the two indicators do not contribute much to the growth of the enterprise scale efficiency, and the enterprise operation ability and innovation input need to be strengthened.
- (3)
- The effect of enterprise innovation input on the growth of enterprise innovation performance is significantly higher than that of enterprise operation ability.
- (4)
- The whole capacity of corporate social contribution rate is greater than the value of innovation investment, which is in conformity with the truth of the logistics enterprises in our country; China’s logistics enterprises started late, and most of them are single-function enterprises. The phenomenon of product homogeneity is serious. They often take customers through price war among enterprises. This objectively requires enterprises to improve their logistics operation ability, reduce operating costs and expand profit margins.
- (1)
- The indicators affecting the overall social value of Chinese logistics enterprises can be divided into three gradients. The first gradient includes the proportion of R&D personnel and the turnover rate of fixed assets. The second gradient is the return on equity and asset-liability ratio. The third gradient is R&D expenditure and staff structure. The influence gradually decreases with the increase of gradient.
- (2)
- The proportion of R&D personnel and the turnover rate of fixed assets have the greatest impact on the overall social value of enterprises. R&D staff is the foundation of enterprise product innovation, the greater the proportion of R&D personnel is, the stronger R&D capability is, the faster R&D SPEED, and the higher the success rate is, so the enterprise R&D personnel proportion can produce great influence on the enterprise overall performance [1]. The fixed asset turnover mainly react on the enterprise equipment utilization degree, whereby the higher the utilization is, the more cost is reduced, thus bringing obviously higher benefit. These two indicators are closely related to the overall social value of the enterprise. It is of great significance to continue increasing the proportion of researchers and improving the turnover rate of fixed assets to achieve high-quality development of the enterprise.
- (3)
- The return on equity and asset-liability ratio have the second largest impact on the overall social value of logistics enterprises. The return on equity mainly reflects the profitability of enterprises, which means that profitability has a certain impact on the overall social value of logistics enterprises, but it needs to be further improved. The asset-liability ratio mainly reflects the long-term solvency of the enterprise, representing the capital structure of the enterprise, and is closely related to its operational capacity, and the enterprise needs to further optimize it.
- (4)
- The R&D expense and the staff structure weakly influence the logistics enterprise overall social value influence. However, high-quality development requires enterprises to take innovation as the first driving force, to strengthen research and to development expenditure, and optimize enterprise staff structure, so these two indicators need to be improved.
5. Lean Path Design for High-Quality Development of Chinese Logistics Enterprises
5.1. Analysis of the Key Factors Restricting the High-Quality Development of Chinese Logistics Enterprises
- (1)
- The most critical factor restricting the high-quality development of China’s logistics enterprises is the structure of employees. It shows that the structure of employees in logistics enterprises is seriously unreasonable. The main reasons are as follows:
- 1)
- The number of employees with a bachelor degree or above is small. According to the collected data, the average indicator is only 23.32. A survey of logistics occupation types conducted by Orleans State University shows that about 92% of US logistics managers have a bachelor’s degree, while 41% have a master’s degree, and 22% have a formally professional qualification certificate. It can be seen that China is far behind the foreign level.
- 2)
- The establishing of logistics majors in China’s universities is relatively late, and there are problems such as the mismatch between college training objectives and corporate demand skills. This has led to a shortage of logistics management personnel, logistics planning personnel, and logistics research personnel who really understand management and have modern logistics management concepts. However, under the background of high-quality development, logistics companies are required to use innovation as the driving force and optimize the talent structure of enterprises. Therefore, enterprises should pay great attention to them.
- (2)
- Another key factor restricting the high-quality development of enterprises is the proportion of R&D expenses. R&D expenses have little impact on the overall social value of enterprises, and cannot effectively drive the high-quality development of logistics enterprises. The existing logistics enterprises data shows that the companies pay insufficient attention to R&D expenses, and the proportion of R&D expenses to the main business income is generally less than 1.5%.
- (3)
- The results of logistics enterprises show that the R&D expenses of logistics enterprises have not been transformed into enterprise innovation ability, thus the enterprise innovation investment has not been effectively utilized. The reason is that the enterprise management innovation ability is insufficient.
- (4)
- Analysis shows that the contribution rate of enterprise operation ability to the overall social value of the enterprise is better than that of the innovation input, but the driving force for the high-quality development of the enterprise is still weak, and the operational capability is mainly measured by the financial indicator profit, indicating that the current low efficiency in operation leads to poor efficiency in Chinese logistics enterprises, which is consistent with the survey results of the project team on logistics enterprises.
5.2. The High-Quality Development Lean Path of Chinese Logistics Enterprises
6. Conclusions
Author Contributions
Funding
Acknowledgments
Conflicts of Interest
References
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Primary Indicator | Secondary Indicators | Code | Calculation Formula | Source of Literature | |
---|---|---|---|---|---|
Measuring corporate performance indicators | Y1 Social recognition (SR) | Y11 Brand perception | BP | Intangible assets/assets total | [19,20] |
Y12 Social contribution rate | SCR | (taxes paid + employees paid and cash paid for employees + total annual dividends) / main business income | [21,22,23] | ||
Y13 Corporation value | EV | Market value | [24,25] | ||
Y2 Scale benefit (SM) | Y21Total assets | TA | Get data directly from financial statements | [21,26,27] | |
Y22 Main business cost ratio | OCR | Main business cost/main business income | [24,28,29] | ||
Y23 Per capita profit | PCP | Net profit/total number of employees | [30] | ||
Y3 Innovation performance (IP) | Y31 Number of patents | NOP | Get data directly from financial statements | [31,32] | |
Y32 Market Development | MD | Sales expenses/total operating income | [32,33] | ||
Y33 Intangible asset growth rate | IAGR | (Intangible assets of the previous period of intangible assets in the current period)/intangible assets of the previous period | [34] | ||
Affecting corporate performance indicators | X1 Innovation investment (II) | X11 Employee structure | SS | Number of employees with a bachelor degree or above/total number of employees | [24,26,27] |
X12 R&D staff | RDP | Number of R&D staff/total number of employees | [26] | ||
X13 R&D expenses | RDE | Total R&D expenditure/operating income | [26,35] | ||
X2 Operational capability (OC) | X21 Fixed asset turnover | FAT | Sales revenue/average net value of fixed assets | [26,36] | |
X22 Roe | ROE | After-tax profit/net assets | [27,37,38] | ||
X23 Assets and liabilities | ALR | Total liabilities/total assets | [33] |
Model 1 | Model 2 | Model 3 | Model 4 | Model 5 | |
---|---|---|---|---|---|
variable | |||||
−0.026# (−1.588) | 0.040 (0.428) | 0.123*** (4.574) | 0.061*** (4.440) | 0.000 (0.034) | |
−0.053 (−1.124) | 0.074* (1.839) | −0.177*** (−4.639) | −0.033** (−2.292) | 0.027# (1.617) | |
0.036 (0.553) | 0.101* (1.713) | −0.024 (−0.374) | 0.007 (0.427) | −0.173*** (−8.065) | |
−0.007 (−0.279) | 0.091** (2.009) | −0.015 (−0.283) | −0.017 (−0.377) | −0.042 (−0.823) | |
0.062*** (3.527) | −0.021 (−0.672) | 0.117** (2.006) | 0.065*** (3.023) | −0.115*** (−4.928) | |
−0.009 (−0.257) | −0.485** (−2.568) | −0.068 (−0.498) | 0.069 (1.314) | 0.102*** (3.969) | |
0.152*** (8.114) | 0.600*** (4.845) | 0.086 (1.357) | 0.036* (1.757) | 0.740*** (42.749) | |
Individual effect | fixed | fixed | fixed | fixed | fixed |
0.937 | 0.868 | 0.674 | 0.974 | 0.885 | |
Model 6 | Model 7 | Model 8 | Model 9 | Model 10 | |
variable | |||||
0.083** (2.207) | −0.064** (−2.318) | 0.022 (0.639) | 0.066 (1.763) | ||
0.164* (1.817) | −0.015 (−0.388) | 0.111** (2.444) | 0.138** (2.193) | ||
−0.107*** (−2.703) | −0.085 (−1.071) | 0.075 (0.815) | −0.170* (−1.727) | ||
−0.471 (−1.357) | −0.009 (−0.210) | 0.029 (0.409) | −0.449 (−1.416) | ||
0.324*** (8.150) | −0.020 (−0.464) | −0.144*** (−3.661) | 0.274*** (5.317) | ||
−0.228*** (−6.925) | 0.020 (0.141) | −0.369*** (−3.158) | −0.050 (−0.696) | −0.200** (−2.422) | |
0.444*** (4.883) | |||||
−0.174* (−1.849) | |||||
1.525*** (3.928) | |||||
0.074*** (3.666) | 0.109# (1.577) | 0.319*** (6.500) | −0.039 (−1.180) | 0.042 (0.410) | |
Individual effect | fixed | fixed | fixed | fixed | fixed |
0.805 | 0.503 | 0.816 | 0.169 | 0.748 |
−0.198*** (−3.453) | −0.198** (−2.207) | 0.083* (1.770) | |
−0.144** (−2.093) | −0.067 (−0.624) | 0.030 (0.545) | |
0.206*** (13.963) | 0.179*** (7.710) | 0.020* (1.675) |
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Huang, Y.; Li, Q.; Wang, X.; Wang, H. Lean Path for High-Quality Development of Chinese Logistics Enterprises Based on Entropy and Gray Models. Entropy 2019, 21, 641. https://doi.org/10.3390/e21070641
Huang Y, Li Q, Wang X, Wang H. Lean Path for High-Quality Development of Chinese Logistics Enterprises Based on Entropy and Gray Models. Entropy. 2019; 21(7):641. https://doi.org/10.3390/e21070641
Chicago/Turabian StyleHuang, Yimin, Qiuxiang Li, Xueying Wang, and Hongna Wang. 2019. "Lean Path for High-Quality Development of Chinese Logistics Enterprises Based on Entropy and Gray Models" Entropy 21, no. 7: 641. https://doi.org/10.3390/e21070641
APA StyleHuang, Y., Li, Q., Wang, X., & Wang, H. (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