Open AccessRETRACTED: Research on the Impact of Institutional Environment and Corporate Governance on Enterprise Performance and Competitive Advantage Based on Big Data Analysis
Author(s) -
Meng Liu
Publication year - 2021
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1992/2/022108
Subject(s) - competitive advantage , business , industrial organization , corporate governance , competition (biology) , government (linguistics) , product (mathematics) , china , commerce , marketing , finance , ecology , linguistics , philosophy , geometry , mathematics , political science , law , biology
In the era of big data, the highly developed information technology and the ever-increasing speed of product upgrading make enterprises face more turbulence. Good institutional environment and effective corporate governance can improve the competitive advantage of enterprises. The source of sustainable competitive advantage of enterprises should include macro-level institutional competition with government as the main body and micro-level corporate governance competition with enterprises as the main body. How to continue the competitive advantage of enterprises through the arrangement of external system and internal system is the core problem faced by Chinese enterprises under the background of institutional change. The problem of competitive advantage of enterprises is accompanied by the objective problem of market economic system, which is the logical result of the arrangement of competitive system. The institutional background of China’s accession to WTO has changed the competitive environment of enterprises, and made the competitive advantage of Chinese enterprises based on the original foundation facing threats. The essence of introducing WTO rules is a kind of institutional change. When the specific framework of laws and regulations supporting the system changes, enterprises need to follow this change to carry out institutional transformation at the micro level.