Factors Leading to Financial Crisis of Business Model Innovation-Oriented Enterprises (BMIE)
2011
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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