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    Exploring the Interplay Between Competitive Strategy, Capital Structure, Corporate Governance, and Enterprise Performance: Insights from Manufacturing Enterprises
    (2025-01-01)
    Feng, Qi
    ;
    Chaiyasoonthorn, Wornchanok
    ;
    Chaveesuk, Singha
    As global market competition continues to intensify, small and medium-sized manufacturing enterprises face increasingly complex challenges in management and development. This study establishes a comprehensive conceptual framework to analyze how competitive strategy influences a firm's capital structure and governance structure, and further explores the mechanisms through which these factors impact enterprise performance. Unlike previous studies, which often treat these variables in isolation, this research uniquely integrates them to reveal the intricate, dynamic interdependencies that drive enterprise success. By uncovering how strategic choices in competition, financial structuring, and governance contribute to performance outcomes, this study not only advances theoretical understanding but also offers actionable insights for managers. The findings provide practical guidance for enhancing competitive advantage and promoting sustainable growth, making significant contributions to the literature on strategic management and corporate governance in the context of small and medium-sized manufacturing enterprises.
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    Competitive strategies, innovation, and firm performance in small and medium-sized enterprises of manufacturing in China
    (2021-01-01)
    Feng, Qi
    ;
    Chaiyasoonthorn, Wornchanok
    ;
    Chaveesuk, Singha
    Development in technology and globalization have forced manufacturing industries to upgrade on methods and material capital of production. The traditional production in China's SME manufacturing industries is faces great competition and cost pressure when facing the global market competition. Innovation allows manufacturing industries to establish good competitive strategies, which make the enterprise performance long-term development. Using competitive strategies and innovation can improve the quality of life and bring professional and economic benefits to individuals and enterprises. The research will generate a conceptual framework to focus on the influence of competitive strategies and innovation on the performance, to enhance and inspire the better performance of SMEs. The framework will provide a template for the development, planning, and operation management of Chinese SME managers and offer a practical tool for diagnosing SME performance.
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    Supply chain management components and firm performance: Evidence from Thailand
    (2017-11-01)
    Boonjing, Veera
    ;
    Chanvarasuth, Pisit
    ;
    Lertwongsatien, Chalermsak
    In general, supply chain management creates value for firms, customers, vendors, and stakeholders interrelating throughout a supply chain. The emergence of supply chain management components in supporting such circumstances have resulted in the need to explore further their subsequent effect on firm performance. This study attempts to examine the use of supply chain management components and investigates relationships between each of 11 supply chain management components and performance of Thai firms. Based on responses received from 241 firms, correlations and simple regression analysis were used to analyze the data. Our results suggest that there are significant positive relationship between components and firm performance. This study not only validates supply chain components’ contribution and emphasizes its potential, but it also ranks top five most critical supply chain management components affecting firm performance. These findings provide important insights for managers to understand the nature of their firms. It is also suggested that firms should focus more on managerial and behavioral management components.
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    The effects of human resource practices on firm performance in Thailand's manufacturing industry
    (2015-01-01)
    Tangthong, Sorasak
    ;
    Trimetsoontorn, Jirasek
    ;
    Rojniruttikul, Nuttawut
    The purpose of this study is to determine the effects of human resource management (HRM) practices on firm performance in Thailand's manufacturing industrial Zone 2, a region that has seen an influx of foreign investment. Twenty-three theoretically based hypotheses have been developed that point to possible positive and negative relationships between HRM practices, mediating variables and firm performance. A total of 224 top managers, business leaders and line managers provided the input that was examined and then empirically tested using analysis of moment structures (AMOS) Path Analysis. The results show that HRM practices do strongly influence firm performance, a conclusion that is not only consistent with the results of previous research on the subject, but also indicative of methods that of ever-increasing importance to long-term growth in organisations. This study has provided new insight into HRM practices and firm performance, getting to the heart of the role that mediating variables play in the network of relationships.
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    The effects of HRM practices on firm performance in Thailand's manufacturing industry
    (2015-01-01)
    Tangthong, Sorasak
    ;
    Trimetsoontorn, Jirasek
    ;
    Rojniruttikul, Nuttawut
    The purpose of this study is to determine the effects of human resource management (HRM) practices on firm performance in Thailand's manufacturing industrial Zone 2, a region that has seen an influx of foreign investment. A total of 23 theoretically-based hypotheses have been developed that point to possible positive and negative relationships between HRM practices, mediating variables, and firm performance. A total of 224 top managers, business leaders and line managers provided the input that was examined and then empirically tested using analysis of moment structures (AMOS) Path Analysis. The results show that HRM practices do strongly influence firm performance, a conclusion that is not only consistent with the results of previous research on the subject, but also indicative of methods that are of ever-increasing importance to long-term growth in organisations. This study has provided new insight into HRM practices and firm performance, getting to the heart of the role that mediating variables play in the network of relationships.