Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
Vilas Gaikar, Min Hou, Sikandar Ali Qalati
All of the articles in this proceedings volume have been presented at the 2nd International Conference on Financial Management and Economic Transition (FMET 2022) during August 19–21, 2022 in Hulunbuir, China. These articles have been peer reviewed by the members of the [Scientific Committees and reviewers]...
Dunnan Liu, Zhixin Dong, Yaxuan Han, Zhixiang Zhang, Yufang Chen, Long Jiang
In recent years, the construction of a unified power market in the southern region has been accelerating. In the context of the energy transition and dual-carbon goals, China has carried out relevant research work on the key mechanism of the unified power market in the southern region that meets the...
The digital economy and digital finance are developing rapidly in China. This paper examines the relationship between the development of digital finance and the degree of corporate financialization. The paper uses computer technology and numerical simulation methods to estimate and formulate OLS and...
With the rapid expansion of the online-to-offline food delivery industry in China, the treatment for deliverymen gradually comes into the view of the public as some of them are facing sever inequality in wages given their hardworking. To tackle this problem, this paper puts forward the minimum wage policy...
Ying Zhou Mungia
With the development of the economy and technology, people's demand for electronics is rising. Electronic companies need to make more efforts on channel strategies for marketing to maintain their competitiveness. However, companies face problems such as incomplete channel design and inaccurate positioning...
Yuqing Huang, Zheng Liu
With the rapid development of science and technology, the food industry as a traditional manufacturing industry should respond to the call and actively promote intelligent development. Taking the food industry as the research object, this paper first analyzes the current situation and future development...
Sun Yu, Li Shuang
Nonprofit organization’s information disclosure quality is very important in modern society, especially in the context of public crises. It also an important indicator of the health of a country’s philanthropy. By using the data of national foundations in 2019, we can empirically test the related internal...
Enlightenment of Real Estate Development in the United Kingdom for China Based on the Perspective of Low Carbon
In recent years, the Chinese real estate industry fluctuates dramatically. However, the UK’s real estate industry and housing prices present an upward trend. Therefore, this paper discusses the Chinese real estate problems from the perspective of green and low carbon economy by drawing from the policies...
As the benchmark of electronic industry, Apple annual report has strategic importance to the whole industry, especially for the financial information. Therefore, it is significant to analyze the annual report of Apple Inc. The research topic for this essay is to analyze the corporate strategy, important...
A Study on Carbon Finance Policies to Promote the Transition of China’s Industrial Structure Toward the Low-Carbon Economy
With the deterioration of the global environment, the issue of sustainable development has become a worldwide concern. To cope with environmental and climate change, China is actively committed to promoting its industrial structure transition toward the low-carbon economy, among which the improvement...
Analysis of the Development Pattern and Characteristics of Government Support Policies for Small Technology Enterprises in China
The development of modern science and technology market has led to science and technology-based SMEs becoming a major contributor to national economic development, however, because of their own developmental inherent deficiencies, many domestic science and technology-based SMEs are unable to overcome...
This article uses the method of empirical analysis to analyze the credit risk of more than 20 light industrial enterprises listed in China, the United Kingdom, and the United States, with the data of their working capital, earnings before interest and tax, retained earnings, the market value of equity,...
Bowen Liu, Xin Wen, Yufan Zhang, Xiaomeng Zhong
In China, the integration of digital technology and finance has gradually formed a digital supply mode of inclusive finance, which alleviates the financing limitations of small and medium-sized businesses to a certain extent and is significant for enterprise innovation activities that need financial...
Starting at 2020, the sudden out break of Covid-19 had a huge impact in the world. Cities and provinces in China has been going through lockdowns, and the Wold Health Organisation had included Covid-19 into PHEIC. Based on the research done on the affect of sudden outbreaks on the stock prices, this...
Covid-19 has slowed the growth of the whole automotive sector, and the market is now overrun by doomsday scenarios. The enormous increase in energy prices in late 2021 and early 2022 will have a severe negative impact on consumers’ ability to purchase goods. The influence of COVID-19 and fluctuations...
Due to the rise of raw material prices, the reduction of automobile production capacity caused by COVID-19, the trend of global electrification and other factors, the investment in transnational automobile stocks has gradually become a new target for global investors. Because the general stock price...
Covid-19 has had a significant impact on financial markets around the world, and various countries have adopted their methods to combat the impact of Covid-19 on equity markets. And because of Covid-19, the market share of the cryptocurrency market is increasing rapidly. This article focuses on how exchange...
In the economic evaluation of engineering projects, the net present value and internal rate of return (IRR) are generally used to measure the economic benefits of the project. However, the analysis of the two indices is sometimes self-contradictory. This article points out that the net present value...
Under the background in the outbreak, duty free market outside, so Hainan islands duty-free shops has become an important place. This paper explores the factors that affect the development of Hainan’s duty-free economy. It is found that Hainan’s duty-free economy is mainly affected by four factors: tourism,...
Users’ Experience Research
The mobile payment products most commonly used by Chinese users are wechat payment, Alipay and UnionPay cloud flash payment. Internet companies have obvious advantages in third-party payment platforms. In terms of Microfinance: commercial banks only work on poverty alleviation loans supported by the...
Growing inflation causes US Federal Reverse increasing interest rates, however, it brings a problem for the stock market. This paper focuses on how increasing interest rates affect the Chinese and USA stock market by using VAR and ARMS-GARCH models. This paper selected daily closing prices from Yahoo...
Defa Cai, Yang Chen
Since the concept of “Industrial Internet” was first proposed in 2012, the “14th Five-Year Plan” and the outline of the long-term goals for 2035, the industrial Internet has been listed as a key industry in the digital economy. By applying SPSS statistical analysis software, this paper takes 66 listed...
Zongya Chen, Luyun Zhang, Fangming Li
The baijiu sector is a representative segment of the Chinese stock market. In 1994, the first Baijiu stock “Shanxi Xinghuacun Fen Wine Factory” was successfully listed on Shanghai Stock Exchange. After that the segment faced rapid development, increasing the number of related shares listed successfully....
Take Manufacturing as an Example
The improvement of innovation ability is the key for enterprises to win in the market competition. Digital transformation and upgrading is a channel for enterprises to enhance their innovation capabilities. This approach can generate value by generating digitized information and knowledge. Therefore,...
Yuzhou Dai, Ni Jiao, Yuxuan Wu
With the development of science and technology, consumers have higher and higher requirements for automobiles. Environmental protection issues, price issues, cost issues, and enterprise transformation issues are all issues that need to be considered in the current automobile manufacturing industry. At...
Tesla has attained a benchmark in the electric vehicle industry but it faced issues such as ownership protection rights, chip shortage and delivery delays. Tesla’s real competitors are not new energy operators, therefore despite leading the capital market, Tesla is not in a stable position. The future...
Research on the Innovation Path of China's Enterprise Economic Management in the Context of the New Normal Economy
As the development trend of economic globalisation continues to advance, China's social and economic model is also quietly changing, and most domestic enterprises will find it difficult to quickly adapt to the requirements of the economic market if they cannot effectively grasp the pace and characteristics...
Yiyuan Qiu, Kunlong Zhang, Yuan Zong
The article first introduces the current situation of BYD, including current market value, various fields involved in BYD (automobile, batteries, electronics) and some awards BYD have had. Second, the article uses a lot of important financial data, such as D/E ratio, asset beta, return on asset, to analyze...
The digital economy is a brand-new type of economy. For the real economy, information and knowledge are the most important factors of production and the most important carrier of the real economic development. It is an information network that relies mainly on information technology to efficiently perform...
As the global epidemic situation changes, global production and economic conditions gradually change and rebound. The overall strategy and economic situation of companies in the beverage industry is becoming more transparent with public disclosure, and the study of their financial statements and other...
The Relationship Between Capital Structure and Profitability in Pharmaceutical Manufacturing Industry
Since the 19th CPC National Congress, the Chinese government has deepened the reform of pharmaceutical enterprises and established a high-quality and efficient medical service system. Meanwhile, pharmaceutical and medical companies have also made important contributions during the pandemic. According...
The Dynamic Nelson-Siegel model is commonly used to forecast interest rate curves, but the way its parameters are estimated has so far been an issue worth investigating. In this paper, the performance of state space model is compared with that of two-step method in estimating parameters. Based on Chinese...
Blockchain is a comprehensive information technology that combines modern database technology, modern cryptography and network management incentives. It is highly valued globally for its irreversibility, decentralization and peer-to-peer transactions. Traditional financial management activities are prone...
With the advent of the mobile Internet era, new concepts, theories and methods are constantly emerging compared to the previous marketing environment, making marketing in the whole market increasingly complex. We can see that the traditional marketing concepts continue to fail, which has caused anxiety...
Research on the Application of Minimum Variance Model and Utility Maximization Model in Stock Market Portfolio
Jiahao Lin, Yunyang Lu, Lulu Zhang
In financial market investing, returns always come with risk. The theoretical research and practice of portfolio selection have yielded quite rich results. Based on Markowitz’s mean-variance theory, this paper analyses the returns and risks of stock portfolios, and uses the minimum variance and maximum...
It is crucial for investors to select the investment portfolio in the market. Risk and return are long-standing paradoxes for investors, and the higher risk may indicate a higher return than other portfolios. This article uses the stock price of Apple stock and Tesla stock from 2017 to 2022 as a sample,...
This paper empirically analyzes the impact of top executive team heterogeneity on firm performance and financial leverage with fixed effects model based on data of Listed Companies in China's software and information technology service industry from 2012 to 2018. The results show that age heterogeneity...
This article is written in the context of the prevalence of COVID-19, the penetration rate of household applicants in China continues to improve. However, under the influence of COVID-19, the household applicants market is under heavy pressure, with low demand and obvious price rise. This paper analyzes...
Yuxin Liu, Yu Shen, Lanxin Zhang, Yixin Zhang
Tesla is an American electric vehicle and resource company, which was set up in 2003. Its main products are electric vehicles and lithium-ion battery. Tesla launched the first product called Roadster in 2008, then some famous products such as Model S and Model X came out in succession. With the development...
Forecasting China's Military Industry Index: Based on Decision Tree, Random Forest and Time Series Models
Xiaoyan Cheng, Ziyan Liu, Zhijie Zhang, Zhiyue Zhu
IncrEasing uncertainty about geopolitical conflicts and downward economic pressure have contributed to increased stock price volatility in the military industry sector as a result of the ongoing Russia-Ukraine conflict which has gradually developed into a protracted tug-of-war and a war of attrition,...
With the rise of the e-service industry, online car-hailing has become very popular. This study investigates and comprehensively analyzes why Lyft is not on par with Uber in the US. Through the analysis of the past three years, that is, since the epidemic, compared with Uber, the shortcomings exposed...
Study on Network Structure Evolution of High-Quality Development in Beijing, Tianjin and Hebei Based on Social Network Analysis
Hongyun Zhou, Yang Liu, Ying Sun
Scientific analysis of the spatial links of the Beijing-Tianjin-Hebei urban agglomeration and the economic connection network it constitutes will help promote the high-quality development of the Beijing-Tianjin-Hebei economy. This paper constructs an indicator system for high-quality economic development...
Study on Real Time Auditing Mechanism of Innovation and Entrepreneurship Policy Implementation in Universities
Yue Huang, Xinyi Huang
Nowadays the implementation of innovation and entrepreneurship policies in Chinese colleges and universities is not implemented successfully, and the effect is not good. So it is necessary to audit and supervise it in order to optimize the effect of innovation and entrepreneurship education in education...
He Gong, Rei Hong, Zhuoran Li
Healthcare stocks have increased due to the testing and treatment costs and many other factors caused by the COVID-19 pandemic since 2020. This paper constructs portfolios to minimize the risk and maximize the returns of healthcare stocks. Moreover, to enhance the performance of the initial portfolio,...
Evidence From Fosun Pharmaceutical
Yiting Hu, Ziting Huo, Ximiao Zhai, Ziheng Zu
On March 11, 2020, the World Health Organization declared the 2019 novel coronavirus disease (COVID-19) a global pandemic. This pandemic is bound to have a significant impact on the health market, and pharmaceutical industry, which may bring huge business opportunities or threats to pharmaceutical manufacturing...
Economic modernization is an important part of socialist modernization. Without economic modernization, there will be no prosperous and powerful modern socialist country. As the most populous country in the world, China’s economy has undergone tremendous changes since its founding. However, realizing...
Research on Factors Influencing High-Net-Worth Individuals in Asian Countries to Choose Family Offices in Singapore
In recent years, the number of high-net-worth individuals has been increasing. Many high-net-worth individuals are concerned about wealth transfer, preservation, and appreciation, so they wish to take advantage of family office services to make their expectations come true. This article adopts secondary...
An Analysis of the Vast Gap in Application Scope Between Piece Rate and Efficiency Wages in Recent years
Piece Rate and Efficiency Wages, two categories of incentive systems, which are based on similar economic hypotheses and both win high recognition in their early stages, have had an enormous gap in the scope of application in recent years. This essay elaborates on the reasons from both internal and external...
In recent years, the concept of sustainable development and green development has gradually taken root in the hearts of the people, and the performance of enterprises in environmental, social and corporate governance (ESG) has received extensive attention from all walks of life. ESG investment has shown...
For a long time, studying financial structure has been a crucial and essential issue in the finance industry. The major goal of this study is to use the Trade-Off Theory to identify the capital structure of Chinese firms. This paper analyzes the determinants of capital structure of Chinese Firms through...
Yingying Fu, Jiayin Li, Chuyue Wei, Siyun Yuan
Estée Lauder (ESTĒE LAUDER) One of the world's largest skin care, cosmetics and fragrance companies. It was the forerunner of the Estée Lauder Companies, founded by Estée Lauder and Joseph Lauder, and has grown to become the world's largest skincare, cosmetics and fragrance company, and is...
R&D investment costs a lot of funds, which is the fundamental driving force to maintain enterprise competitiveness and innovation ability. As a rigid expenditure of enterprises, tax revenue will reduce the free cash flow of enterprises to a certain extent. The relationship between the degree of enterprise...
Research on the Influence of Mixed Ownership Reform of State Owned Enterprises on Corporate Performance—Taking Yunnan Baiyao as an Example
At present, China has entered a new stage of development. It is clearly pointed out in the 14th Five-Year plan that it is necessary to stimulate the vitality of various market entities, accelerate the improvement of modern enterprise system with Chinese characteristics, and deepen the reform of mixed...
Green GDP is the core index of the comprehensive environmental and economic accounting system, which integrates resources and environmental factors on the basis of the current GDP. With the rapid development of the world economy, people pay more and more attention to high quality GDP. In this context,...
As main participants of the market economy, enterprises play an important role in the market. How to accelerate the development of the company and promote the company's performance are important problems that plague the company's top management. From the viewpoint of executive shareholding,...
Research on the Compatible Development Model of International City and Street-Stall Economy—Take Shanghai as an Example
The street-stall economy is the product of the development of human society to a certain stage. It has played a certain role in providing transitional jobs for the unemployed, ensuring the livelihood of the vulnerable groups, promoting the sustained recovery, recovery of the economy and meeting the consumption...
Small and medium-sized enterprises (SMEs) outside of the internet industry (i.e., traditional SMEs) are facing more challenges after COVID-19 because of uncertainties and budget concerns brought by COVID-19 and threats from the internet sector. This paper examines how traditional SMEs can survive in...
Analyze the Effect of Improving Portfolio Performance by Integrating Science and Technology Innovation Board and Growth Enterprise Market
Based on ARIMA Model and Mean-Variance Portfolio
Science and Technology Innovation Board (STIB) and Growth Enterprise Market (GEM) are developed plates in recent years, which makes both sectors full of vitality and have great development prospects in the future. This paper aims to enrich the research contents of STIB and GEM on the return effect of...
Chi Suen Lai
This article analyzes the marketing and operating strategy of Moët Hennessy Louis Vuitton (LVMH) and its competitor evaluation. LVMH is currently the biggest luxury brands group in the market. It is worth taking a deep evaluation of how LVMH expanded and its business strategy during these years. The...
Research on the Inflation Cost Evaluation and Appropriate Inflation Management Based on the Taylor Rule
Inflation has a number of negative effects, including the potential for reducing investment and slowing economic development due to volatility and uncertainty. Inflation can reduce an individual's savings value and shift the income away from savers to lenders and people with assets in society. When...
To What Extent Can Planning and Land Regulation Be Blamed for the Fact that, as a Young Person with a Modest Income, You Are Unlikely to Be Able to Afford to Buy a Home in Many Advanced Economies? Discuss with Reference to the Relationship Between the Supply and Demand of Housing, and House Prices
Jiaqing Wang, Zhongche Shen
This essay seeks to make the case that, while the planning process and land use restrictions may have an impact on housing costs and affordability, they are not the main issue. As the volatility of housing prices mostly depends on the balance of supply and demand, it will first discuss how much the planning...
The Secret of Starbucks’ Success in the Chinese Coffee Market: Pricing and Marketing Strategies Analysis
As one of the top three beverages in the world, the coffee industry is maturing. Starbucks started as a small coffee shop in 1971. Today, Starbucks is not only the largest coffee chain but also conveys an American coffee culture. With the rapid development of China's economy, people's quality...
Pengfei Sun, Yuhui Wang, Yumu Wang
With the increased globalization of the economy, the effectiveness of the CAPM model as applied to different economies merits further study. At the same time, with the increased use of the CAPM model in various international financial markets, it is also important to analyze the differences between the...
E-WOM(electronic word-of-mouth) has gradually replaced traditional WOM(word-of-mouth) as an important factor affecting consumer shopping due to the popularization of the Internet and the fast growth of e-commerce. Therefore, e-WOM communication is crucial for developing potential consumers. This paper...
The theory of investment decision is one of the key topics in current research. Researchers have found that each group of standard deviations and risks in the portfolio are marked in the chart, which can form an efficient investment boundary. This paper analyzes risk aversion based on the risk characteristics...
With the rapid development of society and economy, China's national income has further increased, and the pursuit of quality of life has become higher and higher. The development of the catering industry has also changed from the initial independent and scattered stores to the development direction...
Research on the Economic Growth Factors and Spatial Spillover Effects in Ili Kazakh Autonomous Prefecture
Based on the Spatial Dubin Model (SDM), the spatial correlation of county economic growth in Ili Kazakh Autonomous Prefecture and the spatial spillover effect of factors affecting economic growth are discussed under the background of high-quality development. The empirical results show that there is...
Qi Wang, An Zhai, Qingyue Pang, Haoyi Wang, Xuanqi Chu
Information disclosure plays an important role in financial market, which has a substantial impact on the earing management and stock price crash risk. The quality of information disclosed is manipulated by insider’s selective disclosure, rendering falsifications in earing management and increasing the...
After the financial crisis, the European sovereign debt crisis gradually broke out. This problem highlights the importance of public debt management. Constantly improving the current public management mechanism is the primary task of global economic governance. Based on the “Guidelines for Public Debt...
A Case Study of Highly Polluting Enterprises in China’s A-share Manufacturing Listed Companies
At this stage, any industry that will harm the environment will attract widespread attention from society, especially high-polluting enterprises. Enterprises focus on improving the transparency of relevant information and the level of environmental information disclosure (EID), reducing the damage to...
The Research About the Regional Integrated Development of China Yangtze River Delta, the Pearl River Delta and the Beijing-Tianjin-Hebei Region and the Financial Problems and Solutions of China’s Regional Economic Integration
Zhibin Tao, JiaXiao Chao
The development status of the Beijing-Tianjin-Hebei Region, Yangtze River Delta Area and Pearl River Delta Region Regional election system will be analyzed respectively. The overall development situation of the Beijing-Tianjin-Hebei Region still faces some problems compared with the Yangtze River Delta...
In order to promote the healthy and sustainable development of the financial industry as a whole and the economy, guide investors in the financial market to establish rational investment concepts and avoid the herding effect, this paper unfolds based on the existing applications of bonds in financial...
On 4 April 2018, the US government released a list of goods subject to tariff increases, which will impose a 25% tariff on 1,333 items of US$50 billion of goods exported from China to the US, and the trade war between China and the US officially started and lasted for more than a year, during which the...
This article analyses the commercial, financial and market performance of Louis Vuitton Moët Hennessy-LVMH, which is grand enough to become synonymous with luxury brands. So in this article, there will be a slight insight into the strategies and some subtle financial aspects of the popularity of the...
At present, the financing difficulty of small and medium-sized enterprises has been troubling the rapid development of small and medium-sized enterprises. Analysis the author from the perspective of financing lease business, financing lease business process indispensable three parties - equipment suppliers,...
With the development and popularization of the mobile Internet, citizens can watch news, enjoy entertainment gossip, search for tips, and even deal with work covered by the network, creating the era of mass participation media. In the process of information dissemination, new media attaches great importance...
An Analysis of Hermes’s Financial Position and Strategies
The COVID-19 outbreak has had a huge impact on the global economy, particularly the retail sector, and Hermes is no exception. However, not only did Hermes manage to avoid heavy losses during the worst of the pandemic, its performance has also exploded in the post-COVID-19 era. This paper attempts to...
China has entered a new normal in economic development. Although China continues to maintain the title as the world’s largest manufacturing country, the manufacturing companies also faces many difficulties, one of which is to determine an appropriate cash holding level. By combing the domestic and foreign...
Is There a Soft-Skill Mismatch Between Chinese Overseas Students and the Requirements of Chinese Employers?
A Case Study of Chinese Master’s Students at Leeds University
Chinese overseas students improve their soft-skill employability to increase their competitive edges. This research is especially focusing on exploring whether the soft skills of Chinese students who graduated from UK universities at the master’s level on the supply side meet the soft-skill requirements...
An Evidence from China
In recent years, China’s economy had reached a new normal of development, and was transitioning from a stage of high-speed growth to a stage of high-quality development. The COVID-19 pandemic had taken its toll on the global real economy. The high-quality development of China’s economy needs the support...
The Perceived Risk, Creativity Mechanism, Innovation Performance and Organizational Performance of Factoring Companies
Innovation performance and organizational performance are the fundamental topics in corporate governance. An enterprise with the sound mechanism of innovation performance and organizational performance is poised for increased profitability, boosted organizational competitiveness, sustainable development...
Take SF Express as an Example
With the explosive development of the e-commerce industry under the COVID-19, it also provides development opportunities for the logistics industry. SF Express is China’s overall integrated logistics service provider, which transports express, express, cold, pharmaceutical, international and other businesses....
In 1993, SF Express was born in Shunde, Guangdong Province. After some years of develpoment, SF Express was listed on the Shenzhen Stock Exchange in 2017. At present, this company has become a leading enterprise in China’s express industry. Recently, SF Express released its performance forecast for the...
Hua Zhang, Peiyao LiuW, Bowen Zheng
The first equity incentive plan of Bright Dairy was completed and unlocked, and the second incentive plan was announced to be terminated early by the company before it expired. Therefore, in this context, this article deeply studies the difference in the content and unlocking of the two equity incentives...
Bingxin Zeng, Qian Zhang, Liyu Xia, Guangrui Tang, Jiaxu Chen, Wenhao Zhu
The technology adoption decision has always been the core issue of business operation management. Consumers are increasingly concerned about the low-carbon attributes of products and the market demand is gradually affected by consumers’ environmental awareness. Then firms’ technology investment decision...
Xitao Miao, Nancy Li
This article explores whether carbon emissions affect the cross-section of Chinese stock returns. We find firms that could better manage their carbon emission have higher stock returns compared to their peers. On the contrast, carbon emission of firms do not have a significant relationship with stock...
Based on the REAL Model
Due to the spread of COVID-19, manufacturing companies are confronted with an increasingly intense market competition in the present day. In order to survive this challenging environment, many manufacturing companies are investing in smart manufacturing factories and introducing information management...
Correction to: Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
Vilas Gaikar, Min Hou, Sikandar Ali Qalati