Vol. 3 No. 1 (2024): The QUEST: Journal of Multidisciplinary Research and Development
Articles

Marketing Channels for Contract Financing Control of High-tech Listed Companies: Basis for Strategic Plan

  • Jennifer Fronda,
  • Kong Dan
Jennifer Fronda
Nueva Ecija University of Science and Technology
Kong Dan
Beiming Software Co., Ltd., China
DOI: https://doi.org/10.60008/thequest.v3i1.192

Published 06/30/2024

Keywords

  • Contract financing control; Corporate governance; High-tech enterprises; Internal control management; Risk management

How to Cite

Fronda, J., & Kong Dan. (2024). Marketing Channels for Contract Financing Control of High-tech Listed Companies: Basis for Strategic Plan. The QUEST: Journal of Multidisciplinary Research and Development, 3(1). https://doi.org/10.60008/thequest.v3i1.192

Copyright (c) 2024 The QUEST: Journal of Multidisciplinary Research and Development

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Abstract

Abstract. China's high-tech enterprises have experienced exponential growth in both number and market value, with significant contributions to innovation-driven development, as evidenced by the proliferation of listed companies on the Science and Technology Innovation Board and the Beijing Stock Exchange. This study delved into an assessment of corporate governance, internal control management, and risk management within high-tech enterprises in China, with a specific emphasis on contract financing control. Through a combination of analysis of publicly disclosed data, questionnaire surveys, and examination of internal control documents, the research aimed to provide targeted recommendations for enhancing internal control mechanisms and optimizing contract financing-related management systems. The findings highlighted strong compliance with domestic and international laws and regulations among the 10 selected high-tech listed companies, demonstrating robust performance across parent and subsidiary operations. While internal control documents were comprehensive, areas for improvement were identified. Despite favorable impacts of marketing channels on contract financing control strategies, challenges persisted, including identifying risk sources and addressing issues related to contract compliance, digital technology application, and customer security concerns. Notably, challenges in financial control marketing channel construction encompassed cash flow management, customer credit evaluation, bad debt, and default risks.

 

Full Paper

References

  1. Acquisti, A. (2016). The economics of privacy. Journal of Economic Literature, 54(2), 442-492.
  2. Aggarwal, V. K. (2016). Corporate governance and the contingent pricing of Earnings. Journal of Accounting and Economics, 61(1), 110-125.
  3. Bruce, R. (2017). Implementing flexible manufacturing systems: The importance of people, technology, and culture. International Journal of Production Research, 55(5), 1408-1423.
  4. Chen, Y. (2018). Enhancing security and privacy in Internet of Things (IoT) communication using blockchain. IEEE Communications Magazine, 56(10), 32-36.
  5. Chen, Z. (2019). Integrated production and distribution planning in supply chains: An empirical study of the wholesaler's perspective. International Journal of Production Economics, 207, 49-60.
  6. Cicmil, S., Williams, T., Thomas, J., & Hodgson, D. (2009). Rethinking project management: Researching the actuality of projects. International Journal of Project Management, 27(2), 150-157.
  7. Daniel, S. (2016). Understanding platform-based digital markets: A value-based approach. Electronic Markets, 26(2), 109-119.
  8. Embrechts, P., Klüppelberg, C., & Mikosch, T. (2005). Modelling extremal events for insurance and finance. Springer Science & Business Media.
  9. Engle, R. F. (1982). Autoregressive conditional heteroscedasticity with estimates of the variance of United Kingdom inflation. Econometrica: Journal of the Econometric Society, 987-1007.
  10. Garcia, G. J. (2019). Secure RFID system architecture for supply chain management in retail. IEEE Systems Journal, 13(1), 498-507.
  11. Hock, H. H. (2018). Cybersecurity investments and network effects: Implications for competition policy. Information Economics and Policy, 45, 1-18.
  12. Karunambiga, K., Ali, S. I., LP, S., Esteban, A. P., Pascual, M., & Praveenadevi, D. (2023). Marketing Policy In Service Enterprises Using Deep Learning Model. International Journal of Intelligent Systems and Applications in Engineering, 12(7s), 239-243.
  13. Hull, J. (2021). Options, futures, and other derivatives. Pearson Education India.
  14. Kerzner, H. (2017). Project management metrics, KPIs, and dashboards: A guide to measuring and monitoring project performance. John Wiley & Sons.
  15. Muhammad, U. (2016). The impact of account receivables management on profitability of listed companies in Pakistan. Global Journal of Management And Business Research, 16(7), 46-57.
  16. Perren, A. (2018). Digital entrepreneurship: A research agenda. Edward Elgar Publishing.
  17. Project Management Institute. (2017). A guide to the project management body of knowledge (PMBOK guide). Project Management Institute.
  18. Scavo, G. (2014). Big data analytics, security, and privacy issues. In Proceedings of the 2014 IEEE International Conference on Big Data (pp. 339-348).
  19. Smith, D., & John, B. (2018). Smart homes and energy management: A smart home model for demand side management in the Internet of Things. Energy and Buildings, 158, 178-190.
  20. Vassilis, K. (2018). IoT privacy: An overview of recent research, current challenges and future research directions. Computer Networks, 130, 137-157.
  21. Walker, D. (2016). A practical guide to business process reengineering. Kogan Page Publishers.
  22. Xu, D. (2018). Distributed ledger technology in payments, clearing, and settlement. Federal Reserve Bank of St. Louis Review, 100(3), 195-212