Factors Leading to Financial Crisis of Business Model Innovation-Oriented Enterprises (BMIE)

Si Yong Quan; Hong Yan Zhao; Yu Ming Zhai

doi:10.4028/www.scientific.net/AMR.403-408.1342

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 403-408Factors Leading to Financial Crisis of Business...

Factors Leading to Financial Crisis of Business Model Innovation-Oriented Enterprises (BMIE)

Abstract:

Through literature review and case study, identifies such factors leading to financial crisis of BMIE as external environment，risk awareness，strategic decision-making，business management，internal control system and corporate governance. It also builds a structural equation model on the base of the investigation data from 279 domestic enterprises. The study result shows that strategic decision-making，enterprise management, enterprise governance and internal control system cast great influence on financial crisis，while the external environment fails to pass the test of significance.

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Periodical:

Advanced Materials Research (Volumes 403-408)

Pages:

1342-1347

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.403-408.1342

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Online since:

November 2011

Authors:

Si Yong Quan, Hong Yan Zhao, Yu Ming Zhai

Keywords:

Business Model Innovation-Oriented Enterprises, Factor, Financial Crisis

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