Proceedings of the First International Conference Economic and Business Management 2016

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96 articles

The Analysis of China's Log Import and International Illegal Logging

Huwen Zhang, Kuanqi Du
Using country-specific data from 1996 to 2015, this paper analyses the import demand of China's log with parameter estimates model and price elasticity estimates model. The empirical analysis indicates that China's import quantity of log is quite sensitive to logs imported from Russia, New Zealand and...

Impact of China's Real Exchange Rate Volatility on Sino-US Commodity Trade

Jianning Chen, Lifeng Tu
Constructing the imperfect substitute trade models of commodity goods between USA and China, this paper uses FGLS and GMM estimation to show whether fluctuation of the real China's exchange rate has any implication on the Sino-US commodity trade flows. Using two alternative measures of "real" China's...

Effects of Cotton Price on China's Cotton Import and the Analysis of Marginal Import Effects

Jingzhou Wei, Weizhong Liu
Since the reform of cotton circulation system, the contradiction between supply and demand of domestic cotton is more prominent, the fluctuation of China's cotton imports is intense. In order to analyze the internal mechanism of the quantity fluctuation of cotton import in china and the impact of cotton...

The Effects of Chinese IFDI and OFDI on Industrial Upgrading from the Perspective of Regional Heterogeneity

Xiaomin Li
China is playing a more and more important role in the international division of labor as a dual role of host and investment country. This research identified the mechanism of FDI on Chinese industrial upgrading and analyzed the panel data of China's IFDI and OFDI from 2004 to 2014 with regression method...

Ineffective Finance, Financial Leakage and China's Economic Growth

Qiangshen An, Hongjie Cao
In the gradual process of our transition economy, it presents the phenomenon that financial low efficiency and economy of the high-growth coexist. It's believed in the article that under the condition that our country implements strong control over financial policy with unique high savings, financial...

Research Progress of Algorithmic Trading at Home and Abroad

Wei Gao, Ruzhen Yan, Xu Wu
In recent years, many institutional investors use algorithmic trading to complete their investment decisions. This method reduces the transaction costs, improves the investment return. Algorithmic trading is a new transaction mode. This paper introduces the algorithmic trading and the development process,...

The Credit Risk Assessment Model of Internet Supply Chain Finance: Bayesian Networks Model Based on Relative Weight

Baoyu Zhong, Yueliang Su
In this study, we first design a credit risk evaluation index of Internet Supply Chain Finance from the perspective of electronic commerce enterprises. Then, we determine the relative weights of variables in logistic regression. After that, we construct a credit risk assessment model based on the relative...

Demand Analysis of Terminal Consumers of Online Shopping Based on Maslow Demand Theory

Biyu Yang, Xu Wang, Yuxin Huang
With the development of Internet and information technology and increasing number of net citizens in China, e-commerce is now in the ascendant, so does express industry. However, the domestic express enterprises have unsatisfactory services and low utilization ratio in logistics facilities. What's more,...

Research on the Evaluation of Supply Chain Finance Credit Risk of Small and Medium-Sized Enterprise Based on System Dynamics

Lin Jiang, Yueliang Su
Supply chain finance is an efficient method to solve small and medium-sized enterprise's financing problem. An important issue is to simulate the supply chain finance system's credit risk. This paper will use the method of system dynamics, basing on the small and medium-sized enterprise finance credit...

Structural Efficiency Research of Chinese Regional Economy Based on Data Envelopment Analysis

Shuai Zhang, Yongrui Duan
In this paper, we make use of shadow price to help build a reasonable data envelopment analysis (DEA) model. Then we use the model to calculate and analyze the structural efficiencies of Chinese regional economy from 2003 to 2014. By the data results, we summarize that during the 12 years, the overall...

Regional Financial Differences in China from the Perspective of Financial Geography

Xiao Ge, Lingjie Meng
An analysis framework of influential factors to Chinese regional financial development from the perspective of financial geography has been constructed in this paper. Empirical results show that the financial geographical elements of human capital, technological progress, social network and good legal...

Influence of Electronic Commerce on accounting basic assumptions

Jingsen Hua
As electronic commerce is developing constantly in our country,social transactions is no longer completed only through the traditional paper-based documents and goods,but the full utilization of product information online and the convenient fund settlement system. This mode of transaction has prompted...

Evolutionary Behavior of Supply Chains: Altruism or Fairness

Caichun Chai
Basing on the individual behavior preferences, we analyze the evolutionary stable strategies of supply chains, where each chain consists of one manufacturer and one retailer. There are many manufacturers and retailers in the economic system. A retailer and a manufacturer interact with each other randomly....

Demand Curve and Bliss Point

Guangping Hui, Changjun Wu
The law of demand is the most important basic theory in economics. But lots of scholars have different opinions on this theory, and the controversy of the law of demand that some scholars believe that there is a positive correlation between demand and price, but other scholars insist that demand and...

Characteristic-Balanced Momentum

Yiran Shi, Xianchen Zhu
Conventional momentum strategies tend to focus on high beta, small-cap stocks, and the risk exposure of the Fama-French factors is higher than common stocks. So in recent years, some literatures,like Blitz D, Huij J, Martens M.1,have pointed out that the Conventional momentum strategy will have a loss...

An Empirical Analysis of the Relationship between Capital Markets and Economic Growth in China

Tingting Qian
Using CD production function model, this paper focuses on the analysis of the relationship of capital markets and economic growth in China. Because the capital markets usually consist of the three main markets, i.e. the stock market, medium to long-term bond market and medium to long-term credit market,...

Impact Factors of Spatial Differentiation of Housing Prices in China's Cities

Yang Wang, Lixia Jin, Hong'ou Zhang, Changjian Wang, Kangmin Wu
In order to explore the main driving factors of housing prices in China, we used the data of housing prices in China's 116 cities, and analyzed the impact of 3 factors including housing demand, supply and cost on housing prices based on the method of Gray Relational Degree. The results show that: The...

Construction Research of Comprehensive Evaluation Model about Decent Employment of Migrant Workers based on AHP

Jing Chen, Zhiying Lv, Guiqing Li
Constructing a scientific evaluation model about migrant workers' decent employment is a prerequisite to measure the level of social employment of migrant workers, and to study the related issues of social employment. According to the connotation and basic theory of decent employment, this paper has...

Impact Factors Analysis of Credit Demand of Rural Households in China's Poor Area

Juan Wang, Rui Li
With micro survey data of 1323 Chinese rural households in poor area, impact factors are analyzed with Probit model. Propensity score matching method is used to estimate the impact of credit on rural household welfare loss. Results indicate that education expenditure and fees for marriage service, medical...

The Investigation of Grass-roots Demand about the Land Policy

Yanwen Xu
Through the differentiation and analysis of the degree, channels, and focuses for grass-roots to understand national land policy during urbanization process, from the perspective of supply side of policy information, the research discovers that local government should put more efforts and dedications...

Enterprise Asset Restructuring Related Accounting Problems And Countermeasure Analysis

Xiao-Fang Wang, Dong-Dong Weng
Reorganization of assets can help enterprises expand the scale, improve efficiency and increase market share in the market environment, Reorganization of assets also can promote the optimization of the economic structure and spread the risk to achieve diversification, it is a important ways for enterprises...

The Mode and Function of Enterprise Assets Reorganization in China

Xiao-Fang Wang, Dong-Dong Weng
At present, with the vigorous development market economy in China, the pressure of market competition is also growing, the increasing competition in the context of China's enterprises, acquisitions, division, merger, transfer of assets restructuring mode emerge in endlessly, the assets of the enterprise...

How to Assess the Sustainable Growth of Non-listed SMEs: Based on Factor Analysis Model

Jingxian Liu, Yingyu Wu
Factor analysis model is utilized to find out the key determinants of sustainable development of non-listed companies in the manufacture of communication equipment industry.21 determinants from 4 dimensions in the performance comprehensive assessment system are chosen and 7 determinants are put forward...

Analysis of the Operating Efficiency of China's Securities Companies based on DEA Method

Qiancheng Guan, Wei Huang, Hui Zhao
Based on 20 listed securities companies between 2013 and 2015, this paper takes Data Envelopment Analysis (DEA) as foundation to study the technical efficiency (TE) and pure technical efficiency (PTE) by using CCR and BCC model. The research shows that the value of TE and PTE of securities companies...

The Efficiency Evaluation of Energy Enterprise Group Finance Companies Based on DEA

Lina Jia, Ren Jin Sun, Gang Lin, LiLe Yang
By the end of 2015, about 196 financial companies have been established in China. The energy finance companies accounted for about 25% of the proportion. Energy finance groups has some special character such as the big size of funds, the wide range of business, so the level of efficiency of its affiliated...

Service Quality and Competitive Strategies in Online Banking

Kuan-Yu Chen, Sang-Bing Tsai
Online banking is an affordable service that reduces labor costs and risk of human error. Moreover, it overcomes spatiotemporal limitations and enables banks to increase their customers. However, in highly competitive online financial markets, the banking and financial industries are faced with the challenge...

Study on the Liquidity Risk of Deposit and Loan Maturity Mismatch in Commercial Banks

Baosheng Shi, Huangjin Liu
Commercial banks must maintain a certain degree of mismatch to improve the efficiency of the use of money, but excessive maturity mismatch may cause liquidity risk. Based on that, this paper introduced the latest rules of the Basel , analysis the term structure of assets and liabilities and the liquidity...

Asymmetric Effects of Monetary Policy in China

Liyuan Sun
It uses VAR model to investigate the regulation effects of the tight monetary policy and the loose monetary policy around the 2008 financial crisis in China. The results demonstrate the existence of monetary policy asymmetric effect and show that tight monetary policy is more efficient. Combined with...

The Determinants of the Efficiency of Commercial Banks

Xian Zhou, Zhiyu An
With the development of social economy, commercial banks are the lifeblood of our national economy, which play an absolutely fundamental role in the modern financial markets. This paper uses the DEA method to measure the efficiency of 16 listed commercial banks from 2010 to 2015.To investigate the determinants...

Study on customer relationship management of commercial banks in the background of big data

Jinhua Wang
In view of current banking competition and lower customer satisfaction, this paper analyzed the characteristics of big data and discussed the commercial banks under the era of big data. Customer relationship management (CRM) face challenges, such as data scattered and leaked. This paper proposed such...

The Effects of Venture Capital Syndicate on the IPO Underpricing Phenomenon--Based on China Growth Enterprise Market from 2009-2015

Yan-ran Ma, Hui-min Yu, Yuan Liu
Venture capital is gaining more importance in Chinese economy with the passage of time. This study examines the effects of venture capital syndicate on the IPO underpricing of the China Growth Enterprise Market with 375 firms supported by venture capital. In this research study we focus on the data of...

An Empirical Analysis between Chinese Interest Rate and Stock Price

Xinsong Yang
The impact of the interest rate adjustment is achieved by changing stock investors' re-evaluating. I give one empirical analysis between Chinese interest rate and stock price by related data. The research indicates that Chinese interest rate can change stock price, rather than the reverse. It means that...

Financial Deepening, Venture Capital and Economic Growth in China

Lifeng Tu, Guiming Qiao
We construct panel data sets for 31 provinces in China, covering the period 2001~2015, and to estimate empirical equations to investigate the impact of financial deepening on local economic growth. The results underline the important role played by different financial sectors in promoting economic development....

The Impact of the Introduction of Stock Index Futures on the CSI 300 Index Fluctuation

Jing Ma, Huangjin Liu
In this paper,we study the influence of the introduction of stock Index futures on the spot stock market fluctuation by using the log daily returns of the CSI 300 index in 2005-2016. First, we do the empirical test for samples,and found that the sample is smooth and have the ARCH effect;Second, using...

The Study of the Momentum Effect and the Reversal Effect On the Chinese Stock Market--Based on the Data of Chinese A-Share Market

Dongxiang Zeng, Huangjin Liu
Momentum and reversal investment strategy are based on cross trade mechanism, which was not available until Aril, 2010 in China. Since then, countless papers in this area have been benefited from a mass amount of data. Using the stock market data since April 2010, this paper sets focus on the existence...

Related Factors Research on Stock Price Premium of A Shares and H Shares Dual-Listed Companies

Yingce Yi, Yan Zhou
The premium between Shanghai and HongKong stock price had been existing in dual listed companies for a long time. This paper is based on the policy of Shanghai-Hong Kong Stock Connect program which began on November 27, 2014, and made an empirical research on the premium rate. We selected 63 stocks related...

The Effect of the Semi-mandatory Dividends Policy on the Listing Companies Cash Dividend Policy

Yuting Chen, Yan Zhou
In May 2012, the Securities Regulatory Commission promulgated the notice of related matters about the further implementation of the listing companies' cash dividends.ÿBased on China's A-share listed companies from 2010 to 2014 data, we analyzed the effect of the semi-mandatory dividends policy on the...

Coordination of Dual-Channel Supply Chain Under Demand Sensitive to Price and Order-To-Delivery Cycle

Xu Wang, Yongliang Wu, Yingbo Wu
The issue of channel coordination is studied with the demand sensitive to price and order-to-delivery cycle. Combining with the Stackelberg Game Theory, the paper analyses the manufacturer and the retailer's optimal pricing and profits in decentralized decision model and centralized decision model. Then...

Ecotourism Quality Attributes and Competitive Strategies

Yu-Min Wei, Sang-Bing Tsai
Ecotourism is currently at an early stage of development. How to design ecotourism products that satisfy consumer needs and ensure environmental sustainability warrants investigation. In this study, an importance-performance analysis was conducted to identify factors affecting customer satisfaction regarding...

Developing Strategic Cooperative Relationship in the Food Supply Chain: A Food Safety Perspective

Gang Liu, Li Guo
Food safety is more and more concerned by consumers, developing strategic cooperative relationship in the food supply chain is an important tool for achieving food safety. The paper analyzes the reason for food safety issues from the perspective of relationship conflict in food supply chain, two sources...

A Comparative Study on the Profit Distribution Model of Coal Supply Chain under Inventory Financing

Jia Liu, Chao Sui
The coal supply chain financing cooperation alliance, which is composed of coal producers, coal suppliers, ports and banks, is designed under the inventory financing model. The paper uses the method of Shapley value, simplified MCRS, Game Quadratic Programming to analyze profit distribution of coal supply...

Quality Improvement Procedure (QIP) based on 8D and Six Sigma Pilot Programs in Automotive Industry

Fuli Zhou, Xu Wang, Tshepo Mpshe, Yi Zhang, Yuhang Yang
With concentration on post-purchase support services and customer complaints, auto factories try to perform quality improvement initiatives to improve product quality and promote brand reputation. This paper proposes a quality improvement procedure based on quality management practices (8D and six sigma...

Discussion on Distribution Network Management of Electric Power Enterprises

Wenbo Wang, Ziya Xing
Reliability of the distribution network which reflects the ability and quality of electric power enterprises, is the manifestation of management level. With the continuous development of urbanization and the increasing of people's living standard, the dependence of the society on electric power enterprises...

Research on Enterprise Intellectual Property Management Based on Industrial Engineering

Qiannan Wang, Lin Ni, Hongyuan Chang, Yingbo Wu, Xu Wang
With the development of technology and economy, the competition between enterprises has increasingly depended on intellectual property (IP). To solve many problems of intellectual property management (IPM) in Chinese enterprises, the methods of industrial engineering (procedure analysis, operational...

Evaluation of the Competitiveness of Wind Power Industry in China--Based on SWOT Analysis

Cunfu Liu, Xiaoyun Zhao, Xianbin Liu
In the face of the globalization problems of energyÿsecurity and environmental protection, the development of wind power industry has attracted great attention. According to the SWOT analysis, this paper evaluates the competitiveness of Chinese wind power industry and puts forward the future development...

A Competition Analysis based on Patents of Chinese Electric Industry

Qingyuan Wu, Sidi Zhao, Lingnan He
This paper selected 20 electrical companies’ patents as study subjects. From surface features level, we analysed patents information in growth rates of patent applications, the distribution of patent types and IPC types, and patents quality evaluation. From content features level, we studied the patents...

Selecting Visualization Alternative Based on Fuzzy Multiple Attribute Lattice Order Decision Making Method

Li-wei Zheng, Ping Huang, Yong-xin Miao, Zhi-ying Lv
This research develops a fuzzy multiple attribute lattice decision making(FMALDM) model with preference information on alternatives based on lattice theory, which is used for selecting a suitable visualization alternative for tourism. The information on attribute weights is unknown and the attribute...

Time-of-use Short-term Load Prediction Model Based on Variable Step Size Optimized HBMO-LS-SVM Method in Day-head Market

Guo Lei, Xue Song, Liu Yang, Zeng Ming
The short-term load prediction results are important basis for arranging dispatching plans scientifically, decision-making for competitive bidding of power generation enterprises and users. Firstly, this paper constructs a factor index system of time-of-use short-term load prediction of next day in day-head...

An Acceptance Attitude Model and Empirical Analysis Towards Online Tourism Service

Hui Zheng, Fei Long, Wanhua Yang, Xiangrong Cheng
With the increasing development of Internet, more and more customers know and order travel services and its supporting services through the network; however the certain attitude formed by customers during understanding and accepting online tourism services, largely determines subsequent user behavior,...