Education, Science, Technology, Innovation and Life
Open Access
Sign In

Research on Business and Finance Integration of Dairy Enterprises in China from the Perspective of Digital Transformation

Download as PDF

DOI: 10.23977/acccm.2023.050909 | Downloads: 246 | Views: 1438

Author(s)

Yutong Han 1, Liming Chen 1, Qing Liu 1

Affiliation(s)

1 Strategy and Decision Research Center, College of Economics and Management, China Agricultural University, Beijing, 100083, China

Corresponding Author

Liming Chen

ABSTRACT

Research on the integration of business and finance is a hot and frontier issue in corporate management practice, financial digital transformation plays a key role in improving the maturity of the integration of business and finance in Chinese dairy enterprises. This paper puts forward firstly the concepts of business chain and financial chain of dairy enterprise, and the new concept of business and finance integration of dairy enterprises is given. Secondly, the concept of business and finance integration maturity is proposed and defined from the perspective of digital transformation, and the framework model of business and finance integration maturity system of dairy enterprises is constructed. Thirdly, it proposes the business and finance integration strategy for dairy enterprises in China, in view of financial digital transformation. The research on the integration of business and finance for China's dairy enterprises based on the maturity evaluation of the integration of business and finance has very important theoretical research value and practical guiding significance.

KEYWORDS

Dairy enterprises; business chain; financial chain; financial digital transformation; business and finance integration; evaluation of maturity; integration strategy

CITE THIS PAPER

Yutong Han, Liming Chen, Qing Liu, Research on Business and Finance Integration of Dairy Enterprises in China from the Perspective of Digital Transformation. Accounting and Corporate Management (2023) Vol. 5: 70-81. DOI: http://dx.doi.org/10.23977/acccm.2023.050909.

REFERENCES

[1] Matt C, Hess T, Benlian A. Digital transformation strategies. Wirtschaftsinformatik, 2015(5):57. 
[2] Li F. Leading digital transformation: three emerging approaches for managing the transition. International Journal of Operations & Production Management, 2020, ahead-of-print (ahead-of-print). DOI:10. 1108/IJOPM-04-2020-0202. 
[3] Liana M, Wisnu M. Digital Transformation and Its Impact on Financial Performance: In the Food and Beverage Small Business Sector 2022: 2nd International Conference on Business and Social Sciences. 
[4] Ren Y, Li B. Digital transformation, green technology innovation and enterprise financial performance: Empirical evidence from the textual analysis of the Annual Reports of listed renewable energy enterprises in China. Sustainability, 2023; 15(1):712. https://doi. org/10. 3390/su15010712. 
[5] Chen X X, Cai J H. Digital transformation and financial risk prediction of listed companies. Computational Intelligence and Neuroscience, 2022. https://doi. org/10. 1155/2022/7211033. 
[6] Tiwari S. Supply chain integration and Industry 4. 0: a systematic literature review. Benchmarking an International Journal, 2020, ahead-of-print (ahead-of-print). DOI:10. 1108/BIJ-08-2020-0428. 
[7] Chu W M. On the transition from financial accounting to management accounting in the era of artificial intelligence. Journal of Frontiers in Educational Research, 2021, 1(3). DOI:10. 23977/JFER. 2021. 010335. 
[8] Gao J. Research on financial informatization construction of business and finance integration. International Journal of Science and Research (IJSR), 2022, 11. 1272 - 1276. 10. 21275/SR22704192347. 
[9] Chen W, Huang X, Liu Y, et al. Does industry integration improve the competitiveness of China's electronic information industry? Evidence from the integration of the electronic information industry and financial industry. Sustainability, 2019, 11. DOI:10. 3390/su11092695. 
[10] Zhao X, Wang P, Pal R. The effects of agro-food supply chain integration on product quality and financial performance: Evidence from Chinese agro-food processing business. International Journal of Production Economics, 2020:107832. DOI:10. 1016/j. ijpe. 2020. 107832. 
[11] Yang W M. Research on Chinese Dairy Industry Chain and Organization Model. Dissertation of Chinese Academy of Agricultural Sciences, 2009. 
[12] Shang Y M. Analysis on the influence of accounting computerization on accounting working methods. China Mining, 2014, 23(S2):55-60. 
[13] Zhang Y, Liu Y. Thinking on digital transformation of manufacturing finance. Cooperative Economics and Technology, 2023, (8): 154-156. 
[14] Fu J H. Basic research on financial numerical intelligence. Friends of Accounting, 2021(18):2-8. 
[15] Zhang Z L. Research on the path and performance of digital transformation of dairy industry. Dissertation of Soochow University, 2021. 
[16] Wang Z X. Exploration and practice on the road of digital transformation of enterprise finance -- based on the case analysis of Mengniu and Angang. Western Finance and Accounting, 2022, (11): 26-28. 
[17] Lian H D. Research on the integration of business and finance in large enterprise groups. Dissertation of Northeast Forestry University, 2019. 
[18] Guo Y Q. Research on the integration of business and finance in Chinese enterprises. Friends of Accounting, 2017, (15):47-55. 
[19] Wang J M. Application of business and finance integration under the background of big data. Rural Economy and Science and Technology, 2018, 29 (10):83-84. 
[20] Wang Y B. Practice of performance Evaluation improvement under the integration of business and finance. Finance and Economics, 2022, (36):66-68. 
[21] Gao L. Optimization strategy of manufacturing enterprise performance evaluation based on the integration of business and finance. Fortune Life, 2022, (14):160-162. 
[22] Ma L. Analysis on specific problems of financial sharing and integration of business and finance. Chinese Business Theory, 2019, (06):190-191.

Downloads: 20320
Visits: 276916

All published work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright © 2016 - 2031 Clausius Scientific Press Inc. All Rights Reserved.