Proceedings of the 5th International Conference on Economics, Management, Law and Education (EMLE 2019)

The Effect of Industrial Agglomeration on Financial Performances of an Enterprise: Based on Electrical Machinery and Equipment Manufacturing

Authors
Gang Chen, Wei Mao
Corresponding Author
Gang Chen
Available Online 7 January 2020.
DOI
https://doi.org/10.2991/aebmr.k.191225.118How to use a DOI?
Keywords
industrial cluster of electrical machinery and equipment manufacturing, industrial agglomeration, financial performance
Abstract

An industrial cluster is an economic organization which, owning unique characteristics, is classified as per region and product type and studied by many subjects. The specialized work division and collaboration between individuals in clusters will help cluster-based enterprises break through the limitations in size and strength that single enterprise faces in funds flow and operations, enabling enterprises to lower costs and optimize the funds flow and further perfecting financial performance of the enterprises. Based on industrial clusters of electrical machinery and equipment manufacturing, the article selects indicators to measure the industrial agglomeration and that for proper financial performance, with correlation and regression analysis applied to analyze the effect of industrial agglomeration of electrical machinery and equipment manufacturing on the industry-related financial performances in enterprises in order to make sure of the positive correlation between spatial Gini coefficient of centralized resources allocation and financial performance of an enterprise in clusters. In most cases, the financial performance of an enterprise in the clusters is subject to by the whole progress of the industrial cluster.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 5th International Conference on Economics, Management, Law and Education (EMLE 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
7 January 2020
ISBN
978-94-6252-878-9
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.191225.118How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Gang Chen
AU  - Wei Mao
PY  - 2020
DA  - 2020/01/07
TI  - The Effect of Industrial Agglomeration on Financial Performances of an Enterprise: Based on Electrical Machinery and Equipment Manufacturing
BT  - Proceedings of the 5th International Conference on Economics, Management, Law and Education (EMLE 2019)
PB  - Atlantis Press
SP  - 651
EP  - 656
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.191225.118
DO  - https://doi.org/10.2991/aebmr.k.191225.118
ID  - Chen2020
ER  -