<?xml version="1.0" encoding="UTF-8"?>
<!DOCTYPE article PUBLIC "-//NLM//DTD JATS (Z39.96) Journal Publishing DTD v1.3 20210610//EN" "JATS-journalpublishing1-3.dtd">
<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">ecsocmenus</journal-id><journal-title-group><journal-title xml:lang="ru">Известия Юго-Западного государственного университета. Серия: Экономика. Социология. Менеджмент</journal-title><trans-title-group xml:lang="en"><trans-title>Proceedings of the Southwest State University. Series: Economics. Sociology. Management</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2223-1552</issn><publisher><publisher-name>Юго-Западный государственный университет</publisher-name></publisher></journal-meta><article-meta><article-id custom-type="elpub" pub-id-type="custom">ecsocmenus-174</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>УПРАВЛЕНИЕ В СОЦИАЛЬНО-ЭКОНОМИЧЕСКИХ СИСТЕМАХ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>MANAGEMENT IN SOCIO-ECONOMIC SYSTEMS</subject></subj-group></article-categories><title-group><article-title>Управление конкурентоспособностью гостиничного предприятия в условиях трансформационного и пандемического кризисов</article-title><trans-title-group xml:lang="en"><trans-title>Managing the Competitiveness of a Hotel Enterprise in the Conditions of Transformational and Pandemic Crises</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0003-3828-2536</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Череповская</surname><given-names>Н. А.</given-names></name><name name-style="western" xml:lang="en"><surname>Cherepovskaya</surname><given-names>N. A.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Череповская Наталья Анатольевна, кандидат экономических наук, доцент департамента менеджмента и инноваций факультета «Высшая школа управления»</p><p>Author ID: 57190408159</p><p>Ленинградский просп. 49, г. Москва 125993</p></bio><bio xml:lang="en"><p>Natalya A. Cherepovskaya, Candidate of Economic Sciences, Associate Professor of the Department of Management and Innovation "Higher School of Management"</p><p>Leningradsky prospekt 49, Moscow 125993</p></bio><email xlink:type="simple">NACherepovskaya@fa.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-4967-2081</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Якушова</surname><given-names>Е. С.</given-names></name><name name-style="western" xml:lang="en"><surname>Yakushova</surname><given-names>E. S.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Якушова Елена Сергеевна, кандидат экономических наук, доцент департамента менеджмента и инноваций факультета «Высшая школа управления»</p><p>Ленинградский просп. 49, г. Москва 125993</p></bio><bio xml:lang="en"><p>Elena S. Yakushova, Candidate of Economic Sciences, Associate Professor of the Department of Management and Innovation "Higher School of Management"</p><p>Leningradsky prospekt 49, Moscow 125993</p></bio><email xlink:type="simple">ESYakushova@fa.ru</email><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Финансовый университет при Правительстве РФ</institution></aff><aff xml:lang="en"><institution>Financial University under the Government of the Russian Federation</institution></aff></aff-alternatives><pub-date pub-type="collection"><year>2021</year></pub-date><pub-date pub-type="epub"><day>17</day><month>05</month><year>2023</year></pub-date><volume>11</volume><issue>4</issue><fpage>76</fpage><lpage>91</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Череповская Н.А., Якушова Е.С., 2023</copyright-statement><copyright-year>2023</copyright-year><copyright-holder xml:lang="ru">Череповская Н.А., Якушова Е.С.</copyright-holder><copyright-holder xml:lang="en">Cherepovskaya N.A., Yakushova E.S.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://ecsocmenus.elpub.ru/jour/article/view/174">https://ecsocmenus.elpub.ru/jour/article/view/174</self-uri><abstract><p>Актуальность. Цифровая трансформация предполагает внедрение инновационных технологий во все сферы хозяйственной деятельности. Стремительное развитие информационных технологий привело к росту конкуренции и изменению традиционных концепций создания потребительской ценности. Многие предприятия оказались к этому не готовы. Ситуацию усугубил кризис, вызванный COVID-19. Пандемия коронавирусной инфекции стала катализатором трансформационных процессов во всех отраслях экономики, и индустрия туризма и гостеприимства не является исключением. Таким образом, в условиях трансформационного перехода и карантинных ограничений бизнес остро нуждается в инновациях, которые повысят его шансы на выживание в нынешней ситуации и обеспечат конкурентное преимущество в долгосрочной перспективе.Цель данного исследования заключается в изучении влияния имущественной составляющей на успешность функционирования предприятия гостиничного бизнеса и разработке рекомендаций по повышению его конкурентоспособности в условиях пандемического кризиса и в посткризисный период.Задачи. В рамках исследования были сформулированы и эмпирически проверены следующие гипотезы: крупные гостиничные комплексы более рентабельны по сравнению с другими гостиничными предприятиями; чем меньше размер гостиничного предприятия, тем короче его финансовый цикл; величина активов гостиничного предприятия положительно влияет на показатели его платежеспособности, выраженной показателями ликвидности.Методология. Исследование базируется на основе дисперсионного, корреляционного методов и факторного анализа. Анализ эмпирических результатов осуществлялся с применением специализированной программы SPSS Statistics.Результаты исследования показали, что в нынешних условиях для крупных гостиничных комплексов покупка основных средств за счет займов не является эффективной без освоения новых технологий и сервисов, предполагающих индивидуальный подход к каждому клиенту.Вывод. Практическая ценность работы заключается в разработке рекомендаций по повышению конкурентоспособности предприятий гостиничного бизнеса в условиях трансформационного и пандемического кризисов.</p></abstract><trans-abstract xml:lang="en"><p>Relevance. Digital transformation involves the introduction of innovative technologies in all spheres of economic activity. The rapid development of information technologies has led to an increase in competition and a change in traditional concepts of creating consumer value. Many enterprises were not ready for this. The situation was aggravated by the crisis caused by COVID-19. The coronavirus pandemic has become a catalyst for transformational processes in all sectors of the economy, and the tourism and hospitality industry is no exception. Thus, in the conditions of a transformational transition and quarantine restrictions, the business is in urgent need of innovations that will increase its chances of survival in the current situation and provide a competitive advantage in the long term.The purpose of this study is to study the influence of the property component on the success of the hotel business enterprise and to develop recommendations for improving its competitiveness in the conditions of the pandemic crisis and in the post-crisis period.Objectives. Within the framework of the study, the following hypotheses were formulated and empirically tested: large hotel complexes are more profitable compared to other hotel enterprises; the smaller the size of a hotel enterprise, the shorter its financial cycle; the value of the assets of a hotel enterprise positively affects its solvency indicators, expressed by liquidity indicators.Methodology. The study is based on the basis of variance, correlation methods and factor analysis. The analysis of the empirical results was carried out using a specialized program SPSS Statistics.The results of the study showed that in the current conditions for large hotel complexes, the purchase of fixed assets at the expense of loans is not effective without the development of new technologies and services that involve an individual approach to each client.Conclusion. The practical value of the work lies in the development of recommendations for improving the competitiveness of hotel business enterprises in the conditions of transformational and pandemic crises.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>гостиничные услуги</kwd><kwd>конкурентоспособность</kwd><kwd>рентабельность</kwd><kwd>трансформационный кризис</kwd><kwd>пандемический кризис</kwd></kwd-group><kwd-group xml:lang="en"><kwd>hotel services</kwd><kwd>competitiveness</kwd><kwd>profitability</kwd><kwd>transformational crisis</kwd><kwd>pandemic crisis</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Schmieding H. From plan to market: on the nature of the transformational crisis // Weltwirtschaftliches Archiv. 1993. Vol.129, is.2. P. 216–253.</mixed-citation><mixed-citation xml:lang="en">Schmieding H. From plan to market: on the nature of the transformational crisis. Weltwirtschaftliches Archiv, 1993, Vol. 129, is. 2, pp. 216–253.</mixed-citation></citation-alternatives></ref><ref id="cit2"><label>2</label><citation-alternatives><mixed-citation xml:lang="ru">Balkyte A., Tvaronavičiene M. Perception of competitiveness in the context of sustainable development: Facets of "sustainable competitiveness" // Journal of Business Economics and Management. 2010. Vol. 11, is. 2. Р. 341–365. https://doi.org/10.3846/jbem.2010.17.</mixed-citation><mixed-citation xml:lang="en">Balkyte A., Tvaronavičiene M. Perception of competitiveness in the context of sustainable development: Facets of "sustainable competitiveness". Journal of Business Economics and Management, 2010, vol. 11, is. 2, pp. 341–365. https://doi.org/10.3846/jbem.2010.17.</mixed-citation></citation-alternatives></ref><ref id="cit3"><label>3</label><citation-alternatives><mixed-citation xml:lang="ru">Porter M. The Competitive Advantage of Nations // Harvard business review. 1990. Vol. 68, is. 2. P. 73–93.</mixed-citation><mixed-citation xml:lang="en">Porter M. The Competitive Advantage of Nations. Harvard business review, 1990, vol. 68, is. 2, pp. 73–93.</mixed-citation></citation-alternatives></ref><ref id="cit4"><label>4</label><citation-alternatives><mixed-citation xml:lang="ru">Huggins R., Izushi H. The competitive advantage of nations: Origins and journey // Competitiveness Review. 2015. Vol. 25, is. 5. P. 458–470. https://doi.org/10.1108/CR-06-2015-0044.</mixed-citation><mixed-citation xml:lang="en">Huggins R., Izushi H. The competitive advantage of nations: Origins and journey. Competitiveness Review, 2015, vol. 25, is. 5, pp. 458–470. https://doi.org/10.1108/CR-06-2015-0044.</mixed-citation></citation-alternatives></ref><ref id="cit5"><label>5</label><citation-alternatives><mixed-citation xml:lang="ru">Растворцева С. Н., Череповская Н. А. Идентификация и оценка региональных кластеров // Экономика региона. 2013. № 4 (36). С. 123–133. https://doi.org/10.17059/2013-4-12.</mixed-citation><mixed-citation xml:lang="en">Rastvortseva S. N., Cherepovskaya N. A. Identifikatsiya i otsenka regional'nykh klasterov [Identification and assessment of regional clusters]. Ekonomika regiona = Economy of the region, 2013, no. 4 (36), pp. 123–133. https://doi.org/10.17059/2013-4-12.</mixed-citation></citation-alternatives></ref><ref id="cit6"><label>6</label><citation-alternatives><mixed-citation xml:lang="ru">Predictors of COVID-19 voluntary compliance behaviors: an international investigation / C. Clark, A. Davila, M. Regis, S. Kraus // Global Transitions. 2020. Vol. 2. Р. 76–82. https://doi.org/10.1016/j.glt.2020.06.003.</mixed-citation><mixed-citation xml:lang="en">Clark C., Davila A., Regis M., Kraus S. Predictors of COVID-19 voluntary compliance behaviors: an international investigation. Global Transitions, 2020, vol. 2, pp. 76–82. https://doi.org/10.1016/j.glt.2020.06.003.</mixed-citation></citation-alternatives></ref><ref id="cit7"><label>7</label><citation-alternatives><mixed-citation xml:lang="ru">Zhang H., Cho T., Wang H. The impact of a terminal high altitude area defense incident on tourism risk perception and attitude change of Chinese tourists traveling to South Korea // Sustainability. 2020. Vol. 12, Is. 1. Р. 1–13.</mixed-citation><mixed-citation xml:lang="en">Zhang H., Cho T., Wang H. The impact of a terminal high altitude area defense incident on tourism risk perception and attitude change of Chinese tourists traveling to South Korea. Sustainability, 2020, vol. 12, is. 1, pp. 1–13.</mixed-citation></citation-alternatives></ref><ref id="cit8"><label>8</label><citation-alternatives><mixed-citation xml:lang="ru">Baum T., Hai N. T. T. Hospitality, tourism, human rights and the impact of COVID-19 // International Journal of Contemporary Hospitality Management. 2020. Vol. 32, no. 7. P. 2397–2407. https://doi.org/10.1108/IJCHM-03-2020-0242.</mixed-citation><mixed-citation xml:lang="en">Baum T., Hai N.T.T. Hospitality, tourism, human rights and the impact of COVID-19. International Journal of Contemporary Hospitality Management, 2020, vol. 32, no. 7, pp. 2397–2407. https://doi.org/10.1108/IJCHM-03-2020-0242.</mixed-citation></citation-alternatives></ref><ref id="cit9"><label>9</label><citation-alternatives><mixed-citation xml:lang="ru">Gössling S., Scott D., Hall C. M. Pandemics, tourism and global change: a rapid assessment of COVID-19 // Journal of Sustainable Tourism. 2020. Vol. 9, is.1. Р. 1–20. https://doi.org/10.1080/09669582.2020.1758708.</mixed-citation><mixed-citation xml:lang="en">Gössling S., Scott D., Hall C.M. Pandemics, tourism and global change: a rapid assessment of COVID-19. Journal of Sustainable Tourism, 2020, vol. 9, is. 1, pp. 1–20. https://doi.org/10.1080/09669582.2020.1758708.</mixed-citation></citation-alternatives></ref><ref id="cit10"><label>10</label><citation-alternatives><mixed-citation xml:lang="ru">Israeli A. A., Reichel A. Hospitality crisis management practices: the Israeli case // International Journal of Hospitality Management. 2003. Vol. 22, is. 4. P. 353–372. https://doi.org/10.1016/S0278-4319(03)00070-7.</mixed-citation><mixed-citation xml:lang="en">Israeli A. A., Reichel A. Hospitality crisis management practices: the Israeli case. International Journal of Hospitality Management, 2003, vol. 22, is. 4, pp. 353–372. https://doi.org/10.1016/S0278-4319(03)00070-7.</mixed-citation></citation-alternatives></ref><ref id="cit11"><label>11</label><citation-alternatives><mixed-citation xml:lang="ru">Ritter T., Pedersen C. L. Analyzing the impact of the coronavirus crisis on business models // Industrial Marketing Management. 2020. Vol. 88. Р. 214–224. https://doi.org/10.1016/j.indmarman.2020.05.014.</mixed-citation><mixed-citation xml:lang="en">Ritter T., Pedersen C. L. Analyzing the impact of the coronavirus crisis on business models. Industrial Marketing Management, 2020, vol. 88, pp. 214–224. https://doi.org/10.1016/j.indmarman.2020.05.014.</mixed-citation></citation-alternatives></ref><ref id="cit12"><label>12</label><citation-alternatives><mixed-citation xml:lang="ru">The economics of COVID-19: initial empirical evidence on how family firms in five European countries cope with the corona crisis / S. Kraus, T. Clauss, M. Breier, J. Gast, A. Zardini, V. Tiberius // International Journal of Entrepreneurial Behavior &amp; Research. 2020. Vol. 26, no. 5. P. 1067–1092. https://doi.org/10.1108/IJEBR-04-2020-0214.</mixed-citation><mixed-citation xml:lang="en">Kraus S., Clauss T., Breier M., Gast J., Zardini A., Tiberius V. The economics of COVID-19: initial empirical evidence on how family firms in five European countries cope with the corona crisis. International Journal of Entrepreneurial Behavior &amp; Research, 2020, vol. 26, no. 5, pp. 1067–1092. https://doi.org/10.1108/IJEBR-04-2020-0214.</mixed-citation></citation-alternatives></ref><ref id="cit13"><label>13</label><citation-alternatives><mixed-citation xml:lang="ru">Wenzel M., Stanske S., Lieberman M. Strategic responses to crisis // Strategic Management Journal. 2020. Vol. 7. URL: https://onlinelibrary.wiley.com/doi/abs/10.1002/smj.3161 (дата обращения: 28.05.2021).</mixed-citation><mixed-citation xml:lang="en">Wenzel M., Stanske S., Lieberman M. Strategic responses to crisis. Strategic Management Journal, 2020, vol. 7. Available at: https://onlinelibrary.wiley.com/doi/abs/10.1002/smj.3161 (accessed 28.05.2021).</mixed-citation></citation-alternatives></ref><ref id="cit14"><label>14</label><citation-alternatives><mixed-citation xml:lang="ru">Modrak V., Marton D., Bednar S. Modeling and determining product variety for masscustomized manufacturing // Procedia CIRP. 2014. Vol. 23. P. 258–263. https://doi.org/10.1016/j.procir.2014.10.090.</mixed-citation><mixed-citation xml:lang="en">Modrak V., Marton D., Bednar S. Modeling and determining product variety for masscustomized manufacturing. Procedia CIRP, 2014, vol. 23, pp. 258–263. https://doi.org/10.1016/j.procir.2014.10.090.</mixed-citation></citation-alternatives></ref><ref id="cit15"><label>15</label><citation-alternatives><mixed-citation xml:lang="ru">Sommer L. Industrial revolution-industry 4.0: are German manufacturing SMEs the first victims of this revolution? // Journal of Industrial Engineering and Management. 2015. Vol. 8, no. 5. P. 1512–1532. https://doi.org/10.3926/jiem.1470.</mixed-citation><mixed-citation xml:lang="en">Sommer L. Industrial revolution-industry 4.0: are german manufacturing SMEs the first victims of this revolution? Journal of Industrial Engineering and Management, 2015, vol. 8, no. 5, pp. 1512–1532. https://doi.org/10.3926/jiem.1470.</mixed-citation></citation-alternatives></ref><ref id="cit16"><label>16</label><citation-alternatives><mixed-citation xml:lang="ru">Production work of the future – industry 4.0 / D. Spath, O. Ganschar, S. Gerlach [et al.]. Stuttgart: Fraunhofer Verlag, 2013. 155 р.</mixed-citation><mixed-citation xml:lang="en">Spath D., Ganschar O., Gerlach S., eds. Production work of the future – industry 4.0. Stuttgart, Fraunhofer Verlag, 2013. 155 р.</mixed-citation></citation-alternatives></ref><ref id="cit17"><label>17</label><citation-alternatives><mixed-citation xml:lang="ru">Decker A. Industry 4.0 and SMEs in the Northern Jutland Region // Value Creation in International Business. 2017. Vol. 2. Р. 309–335.</mixed-citation><mixed-citation xml:lang="en">Decker A. Industry 4.0 and SMEs in the Northern Jutland Region. Value Creation in International Business, 2017, vol. 2, pp. 309–335.</mixed-citation></citation-alternatives></ref><ref id="cit18"><label>18</label><citation-alternatives><mixed-citation xml:lang="ru">Garelli S. Top class competitors: how nations, firms, and individuals succeed in the new world of competitiveness. Chichester: John Wiley &amp; Sons, 2006. 272 р.</mixed-citation><mixed-citation xml:lang="en">Garelli S. Top class competitors: how nations, firms, and individuals succeed in the new world of competitiveness. Chichester, John Wiley &amp; Sons, 2006. 272 р.</mixed-citation></citation-alternatives></ref><ref id="cit19"><label>19</label><citation-alternatives><mixed-citation xml:lang="ru">Dopfer K., Foster J., Potts J. Micro-meso-macro // Journal of Evolutionary Economics. 2004. Vol. 14, is. 3. P. 263–279.</mixed-citation><mixed-citation xml:lang="en">Dopfer K., Foster J., Potts J. Micro-meso-macro. Journal of Evolutionary Economics, 2004, vol. 14, is. 3, pp. 263–279.</mixed-citation></citation-alternatives></ref><ref id="cit20"><label>20</label><citation-alternatives><mixed-citation xml:lang="ru">Якушова Е. С., Колягина Ю. А. Анализ конкурентоспособности ОАО «Группа компаний ПИК» // Известия вузов. Геодезия и аэрофотосъемка. 2015. № 1. С. 107–111.</mixed-citation><mixed-citation xml:lang="en">Yakushova E. S., Kolyagina Yu. A. Analiz konkurentosposobnosti OAO "Gruppa kompanii PIK" [Analysis of the competitiveness of JSC "PIK Group of Companies"]. Izvestiya vuzov. Geodeziya i aerofotos"emka = Izvestiya vuzov. Geodesy and aerial photography, 2015, no. 1, pp. 107–111.</mixed-citation></citation-alternatives></ref><ref id="cit21"><label>21</label><citation-alternatives><mixed-citation xml:lang="ru">Exploring asymmetric effects of attribute performance on customer satisfaction in the hotel industry / Bi Jian-Wu, Y. Liu, Fan Zhi-Ping, J. Zhang // Tourism Management. 2020. Vol. 77. Р. 11–25. https://doi.org/10.1016/j.tourman.2019.104006.</mixed-citation><mixed-citation xml:lang="en">Bi Jian-Wu, Liu Y., Fan Zhi-Ping, Zhang J. Exploring asymmetric effects of attribute performance on customer satisfaction in the hotel industry. Tourism Management, 2020, vol. 77, pp. 11–25. https://doi.org/10.1016/j.tourman.2019.104006.</mixed-citation></citation-alternatives></ref><ref id="cit22"><label>22</label><citation-alternatives><mixed-citation xml:lang="ru">Radosavljevic G., Maksimovich LJ., Borisavljevic K. Customer satisfaction with the online offer of travel agencies in Serbia // Actual problems of Economics. 2012. Vol. 11, no. 137. Р. 436–448.</mixed-citation><mixed-citation xml:lang="en">Radosavljevic G., Maksimovich LJ., Borisavljevic K. Customer Satisfaction with the online offer of travel agencies in Serbia. Actual problems of Economics, 2012, vol. 11, no.137, pp. 436–448.</mixed-citation></citation-alternatives></ref><ref id="cit23"><label>23</label><citation-alternatives><mixed-citation xml:lang="ru">Филимоненко И. В. Управление локальными рынками региона как факторами экономического роста: монография. Красноярск: Сиб. федер. ун-т, 2013. 460 с.</mixed-citation><mixed-citation xml:lang="en">Filimonenko I. V. Upravlenie lokal'nymi rynkami regiona kak faktorami ekonomicheskogo rosta [Management of local markets of the region as factors of economic growth]. Krasnoyarsk, Sib. feder. Univ. Publ., 2013. 460 p.</mixed-citation></citation-alternatives></ref><ref id="cit24"><label>24</label><citation-alternatives><mixed-citation xml:lang="ru">Deng W. J., Kuo Y. F., Chen W. C. Revised importance-performance analysis: three factor theory and benchmarking // Service Industries Journal. 2008. Vol. 28, is. 1. P. 37–51.</mixed-citation><mixed-citation xml:lang="en">Deng W. J., Kuo Y. F., Chen W. C. Revised importance-performance analysis: three factor theory and benchmarking. Service Industries Journal, 2008, vol. 28, is. 1, pp. 37–51.</mixed-citation></citation-alternatives></ref><ref id="cit25"><label>25</label><citation-alternatives><mixed-citation xml:lang="ru">Tian X. L. Participation in export and Chinese firms' capacity utilization // The Journal of International Trade &amp; Economic. 2016. Vol. 25, is. 5. P. 757–784.</mixed-citation><mixed-citation xml:lang="en">Tian X. L. Participation in export and Chinese firms' capacity utilization. The Journal of International Trade &amp; Economic, 2016, vol. 25, is. 5, pp. 757–784.</mixed-citation></citation-alternatives></ref></ref-list><fn-group><fn fn-type="conflict"><p>The authors declare that there are no conflicts of interest present.</p></fn></fn-group></back></article>
