Download pdf
A Study on the Impact of the Light Asset Operation Model on Corporate Performance in the Home Appliance Industry: A Case Study of Gree
- 1 Guizhou Provincial Center for Disease Control and Prevention
* Author to whom correspondence should be addressed.
Abstract
This paper analyzes the impact of Gree's light asset operation model on its corporate performance. The study examines the impact pathways from four perspectives: the application of the "quasi-financial" model, the effective use of bank-pledged accounts receivable bills, technological innovation and control over the industry chain, and brand value creation. It is found that after adopting the light asset operation model, Gree significantly improved its corporate performance. The paper also discusses the shortcomings of Gree's choice of the light asset operation model and provides improvement suggestions. It is hoped that this research can offer insights for Gree's future light asset operation strategy and for the stable development of other companies in the home appliance industry.
Keywords
Light asset operation model, financial performance, value management
[1]. Liou, F. M. (2011). The effects of asset-light strategy on competitive advantage in the telephone communications industry. Technology Analysis & Strategic Management, 23(9), 951-967.
[2]. Wen, H. C., Huang, J. H., & Cheng, Y. L. (2012). What Japanese semiconductor enterprises can learn from the asset-light business model for sustainable competitive advantage. Asian Business & Management, 11(5), 615-649.
[3]. Dai, T. J., Zhang, R., & Tang, G. L. (2012). Financial strategy-driven business profit models: A case study of Apple's asset-light model. Accounting Research, (11), 23-32.
[4]. Wang, Z. B., & Li, C. H. (2015). The impact of asset-light operation on corporate profitability: An empirical study based on data from Chinese industrial enterprises. China Industrial Economics, (6), 108-121.
[5]. Yang, L., & Tang, G. L. (2017). Financial strategy transformation in Chinese real estate enterprises: A case study of Vanke Group and Greenland Hong Kong’s "asset-light" model. Finance & Accounting Monthly, (4), 76-80.
Cite this article
Xiong,J. (2025). A Study on the Impact of the Light Asset Operation Model on Corporate Performance in the Home Appliance Industry: A Case Study of Gree. Advances in Economics, Management and Political Sciences,155,171-177.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
Disclaimer/Publisher's Note
The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.
About volume
Volume title: Proceedings of the 3rd International Conference on Financial Technology and Business Analysis
© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and
conditions of the Creative Commons Attribution (CC BY) license. Authors who
publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons
Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this
series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published
version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial
publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and
during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See
Open access policy for details).