چکیده
1. مقدمه
2 بررسی ادبیات
3 طراحی تحقیق
4 تحلیل تجربی
5 نتیجه گیری
ضمیمه A: امتیازات کارایی تحقیق و توسعه 8 ترکیب مختلف
ضمیمه B: نمرات عملکرد تجاری از 8 ترکیب مختلف
منابع
Abstract
1 Introduction
2 Literature review
3 Research design
4 Empirical analysis
5 Conclusion
Appendix A: R&D efficiency scores of the 8 different combinations
Appendix B: Business performance scores of the 8 different combinations
References
چکیده
این مطالعه رویکردهای تصمیمگیری چندگانه از جمله تحلیل پوششی دادهها (DEA)، نظریه مجموعههای خشن و روش TOPSIS را برای کاوش در رقابتپذیری شرکتهای چندملیتی دارویی ادغام کرد. ابتدا، این مطالعه یک شبکه دو مرحلهای پیشرفته DEA را برای اندازهگیری کارایی تحقیق و توسعه و عملکرد تجاری شرکتهای چندملیتی دارویی (PMNEs) فهرستشده در Forbes Global 2000 به کار گرفت و این PMNEها را با استفاده از نظریه مجموعههای خشن، روش DEA و TOPSIS رتبهبندی کرد. علاوه بر این، تفاوتها در عملکرد محیطی، اجتماعی و حکمرانی (ESG) در سه قاره مورد بررسی قرار گرفت. یافته ها نشان می دهد که آمریکای شمالی به طور قابل توجهی بهترین (بدترین) منطقه از نظر عملکرد تجاری (بازده تحقیق و توسعه) است در حالی که اروپا به طور قابل توجهی بهترین (بدترین) منطقه از نظر کارایی تحقیق و توسعه (عملکرد تجاری) است. Alfresa Holdings Corporation، یک PMNE از ژاپن، تنها PMNE است که از نظر تحقیق و توسعه و عملکرد تجاری کارآمد است. PMNE های اروپایی عملکرد زیست محیطی و اجتماعی بهتری نسبت به سایر مناطق دارند، با این حال، آنها بدترین عملکرد حاکمیتی را دارند. به طور کلی، این مطالعه بینش هایی را در مورد کاربرد روش های مختلف برای اندازه گیری دقیق عملکرد و رتبه بندی شرکت های چند ملیتی به مدیران و سرمایه گذاران ارائه می دهد.
توجه! این متن ترجمه ماشینی بوده و توسط مترجمین ای ترجمه، ترجمه نشده است.
Abstract
This study integrated multiple objective decision-making approaches including data envelopment analysis (DEA), rough set theory and TOPSIS method for exploring the competitiveness of pharmaceutical multinational enterprises. Firstly, this study applied an advanced two-stage network DEA to measure the R&D efficiency and business performance of pharmaceutical multinational enterprises (PMNEs) listed in the Forbes Global 2000 and ranked these PMNEs by using rough set theory, DEA and TOPSIS method. In addition, differences in environmental, social, and governance (ESG) performance across three continents were investigated. Findings show that North America is significantly the best (worst) region in terms of business performance (R&D efficiency) while Europe is significantly the best (worst) region in terms of R&D efficiency (business performance). Alfresa Holdings Corporation, a PMNE from Japan, is the only PMNE that is efficient from both an R&D and business performance perspective. European PMNEs have significantly better environmental and social performance than other regions, however, they have the worst governance performance. Overall, this study provides insights to managers and investors into the application of various methods for accurately measuring performance and ranking multinational enterprises.
Introduction
The pharmaceutical industry is one of the most important and competitive industries in the world, it not only has a critical role in the health maintenance of individuals but also in economic growth (Sharma & Modgil, 2019). Pharmaceutical firms have spent a substantial proportion of their time and investment in research and development (R&D) (Rao, 2020). In 2018, R&D expenditure in the pharmaceutical industry was 179 billion U.S. dollars globally (Mikulic, 2020). A correct grasp of the R&D efficiency of the industry is required to improve resource allocation and thereby prevent either excess or shortage of resource inputs (Liu & Lyu, 2020). According to Lu et al. (2019), evaluating multiple indicators simultaneously is useful for appropriate decision-making. An overall efficiency can be decomposed into two stages of efficiencies (Kao & Hwang, 2008), suggesting that we should also evaluate the sub-processes of a firm (Kao & Hwang, 2011). That is, managers should evaluate their firm performance not only from a multidimensional perspective but also from those of its internal processes. As mentioned in the research of Sharma and Modgil (2019), business performance additionally depends on cost reduction of manufacturing operations and improving the firm’s innovative ability. Recently, Hsieh et al. (2020) have applied two-stage data envelopment analysis (DEA) to investigate organizations’ innovation and business performance by investigating the network structures of decision-making units (DMUs).
Conclusion
This study measures the firm performance of 41 PMNEs from a two-stage perspective, namely R&D efficiency and business performance, by integrating a two-stage network DEA and SOCP technique. Moreover, this study integrates the DEA approach and rough set theory to rank PMNEs. The findings of this research can serve as a reference for managers of PMNEs in their decision-making process. Besides, we examine differences in the ESG scores of the PMNEs among different geographic regions (America, Asia, and Europe). This acts as a guide for investors, managers, and other stakeholders when attempting to move their ESG initiatives further.
R&D performances in the operation of the observed PMNEs are not attracting enough attention. Alfresa Holdings Corporation is the only efficient PMNE for both R&D efficiency and business performance. North America is significantly the best (worst) region in terms of business performance (R&D efficiency) while Europe is significantly the best (worst) region in terms of R&D efficiency (business performance). From the perspective of ESG performance, European PMNEs significantly have better environmental and social performance than other regions whereas they are the worst concerning governance performance.