| Title: | The Influencing Factors of Financial Performance of China Guofeng Pharmaceutical Company |
| Author: | Ni Shengrui |
| Advisor: | Dr. Ma Yu |
| Degree: | Master of Business Administration |
| Major: | International Business Management |
| Faculty: | บัณฑิตวิทยาลัย (Graduate School) |
| Academic year: | 2568 (2025) |
| Published: | นำเสนอในที่ประชุมวิชาการ (Conference) The 18th National and International Academic Conference “Sustainable Horizon: Transforming Ideas into Impact” 6-7 August 2025 (pp.769-778) Click PDF |
Abstract
This study aimed to explore the factors influencing the financial performance of China Guofeng Pharmaceutical Company, and their theoretical foundations, and construct a structural model of the factors influencing financial performance. It sought to validate the research hypotheses and the model.
The research objectives of this study were fourfold: (1) To investigate the impact of investment level on financial performance; (2) To investigate the impact of technological innovation on financial performance; (3) To investigate the impact of characteristics of the top management team on financial performance; (4) To investigate the impact of financing constraints on financial performance.
This research employed a quantitative approach, collecting data through a questionnaire survey. A total of 400 questionnaires were distributed, with 332 valid responses received, yielding an effective response rate of 83.0%. The results indicated that investment level, technological innovation, characteristics of the top management team, and financing constraints all had significant impacts on financial performance. Based on these findings, this study proposes strategies to enhance the financial performance of China Guofeng Pharmaceutical Company: (1) Rationally allocate investment resources; (2) Strengthen technological innovation capabilities; (3) Optimize the structure of the top management team; (4) Alleviate financing constraints.
Keywords: Stakeholder Theory, financial performance, China Guofeng Pharmaceutical Company, influencing factors
6717195030 Ni Shengrui, 2568 (2025). Advisor: Dr. Ma Yu, สารนิพนธ์ (Independent Study), The Influencing Factors of Financial Performance of China Guofeng Pharmaceutical Company, นำเสนอในที่ประชุมวิชาการ (Conference), The 18th National and International Academic Conference 2025, ปริญญาโท (Master’s Degree), บัณฑิตวิทยาลัย (Graduate School), Master of Business Administration, International Business Management, Siam University, Bangkok, Thailand – มหาวิทยาลัยสยาม กรุงเทพมหานคร ประเทศไทย
