Proceedings of the 2014 International Conference on Global Economy, Commerce and Service Science

Session: Economic and Commerce

30 articles
Proceedings Article

Systemic Risks and Resilience of Global Financial Networks

Akira Namatame, Kiyotaka Ide
The current financial crisis has triggered research interests on financial networks, since the linkages created by liabilities among banks and other financial institutions play a crucial role, but they are poorly understood. Understanding the structures of financial networks holds the key to understanding...
Proceedings Article

Research on Efficiency of Listed Commercial Banks in China Based on SBM

Xiping Wang, Xulei Wang
For the purporse of accurately caclulating the banking efficiency of China in recent years, a slack-based measure (SBM) was used to measure the relative efficiency of 16 listed commercial banks considering the non-performing loans over the period of 2007–2012. Staff costs, total loans and fixed assets...
Proceedings Article

Research on Strategies of Optimizing Industrial Structure in Hebei Province

Zhihao Su, Yajuan Chen
By analyzing the structure proportion of output data and three industries of Hebei province in 2012 compared with that of China and Guangdong, Jiangsu, Shandong province, this paper aims to find the major problems exist in current Hebei industrial structure, by means of data analysis and theoretical...
Proceedings Article

Legal Process of Deposit Disputes in Commercial Bank

Hailing Wu, Yanmei Huo
Various kinds of deposit disputes constantly happened in social life. Due to different cognition, the processing of similar disputes in local courts varies greatly. Analyzing deposit disputes and following the appropriate legal principles for classified processing can unify cognition and judgment, so...
Proceedings Article

Comprehensive Evaluation of the Operating Performance for Commercial Banks in China Based on Improved TOPSIS

Chao Li, Caiqin Ye
With the purpose of presenting a scientific, reasonable and feasible method to evaluate the performance of listed commercial banks, this thesis takes the current 16 listed commercial banks in China as study objects, selects their data up to 2011 and studies the performance evaluation system for listed...
Proceedings Article

The Application Research of Nominal Accounts on the New Agriculture Insurance Based on the All-Inclusive Society Mode

Xiaowen Gong, Xinde Chen
The social security of China is going forward to all-inclusive society mode, establishing a pension system compound with social account and personal account. But the "one-size-fits-all" safeguard way which create the fair but lost the efficiency. Especially in new agriculture insurance, there is a gap...
Proceedings Article

The Applied Research of Contestable Market Theory in the Development of the Theory of Industrial Organization

Shan Chen
With the theory of industrial organization continuing to mature, theory of contestable markets which was created in 1975, by analyzing perfectly contestable markets and the sunk cost, illustrated the question of the relationship between the size of the enterprise and the degree of competition. It makes...
Proceedings Article

A Research on the Diversification of Financing Modes of Real Estate Enterprises in China

Weiwei Zhang, Hengliang Wu
In recent years, the government has implemented a series of severe macro-economic regulation policy, especially monetary policy, on the real estate industry. It is more and more difficult to acquire bank loans for most real estate enterprises. Financing difficulties become the critical problem that limits...
Proceedings Article

Study on the Correspondence between Premium and Discount of Audit Fee and the Difference in Reputation in Initial Discount Data from A Stock Market in China

Cunyan Zhang, Haiping Lv, Yahui Tian, Cairong Wang
Using the data of audit fee in four consecutive years in Chinese A stock market, the paper conducted an empirical test on the correspondence between the premium and discount of the fee in the audit industry and the difference in reputation in granting discount. The results were analyzed by multiple regression...
Proceedings Article

Research on Chinese Listed Companies' Financial Fraud

Xiaoyong Lu, Jing Xu
Listed company's financial fraud is not only the investors' interests having been infringed and lost confidence in the investment, also make the credibility of the accountant be questioned and disrupt the normal social and economic order. This article summarizes the commonly used means of forgery of...
Proceedings Article

Security Analysis in Electronic Banking An Evaluation Model of Some Turkish Banks

Arzu Baloglu
In the 1990’s internet banking starting up and costumers could made banking operations online and introductions of this first new services. Security is an eternal concern for organizations. Electronic banking brings their security problems, because of its remote accessing to their information to people....
Proceedings Article

A Hierarchical Study on the Efficiency of the City Commercial Banks in China

Sen Wang, Anqi Wang
City commercial banks have become an important pillar of the banking system in China. Data Envelopment Analysis (DEA) is used to study the efficiency of city banks at this paper, and evaluate the effects of four indicators profitability, liquidity, security and sustainability on bank efficiency. This...
Proceedings Article

Research on Industrial Relation and Group Effect of Pearl River West City Circle

Hongmin Zhang
In a long period of time, resources can’t be shared inside Pearl River West City Circle, fragmented situation made the group hard to form a healthy industrial structure on agglomeration advantage and scale advantage. Based on this, the article measures economy and industry associations inner this group,...
Proceedings Article

Influences on Shanghai Free Trade Zone on China's Foreign Trade Enterprises and Countermeasures

Bing Guan, Chunhui Fu, Yiwei Li
Shanghai is the frontier of free trade in China. While the establishment of Shanghai Free Trade Zone will bring great opportunities to the development of foreign trade enterprises in China, make two-way investment more frequently between China and the world, it also brings challenges. China's foreign...
Proceedings Article

An Empirical Analysis on the International Competitiveness of China’s Electronic and Telecommunications Equipment Industry ——The Data from OECD Countries

Jue Zhao
China's electronic and communication equipment manufacturing industry has grown from strategic emerging industry to leading Hi-tech industry. So it will be of great theoretical and practical significance for government to make strategic plan of Chinese strategic emerging industry and high technology...
Proceedings Article

Can Big Auditors Increase Enterprises Value ——An Empirical Study Based on A Stock Market in China

Cunyan Zhang, Haiping Lv, Yahui Tian, Cairong Wang
Based on the large sample data of 2009-2011 A-shares market, the paper tests whether the current capital market in China has cultivated higher quality auditors by studying whether big auditors can increase clients’ market value. The results were analyzed by multiple regression analyses. It shows that...
Proceedings Article

The Building of Relationship between the Taxation Authority and Tax Collector Based on the Principal-Agent Game Theory

Chunzhi Ou
Despite its importance to tax collection and management efficiency,Grassroots tax collection is an understudied topic. This is partly attributable to the “tax collection and management predicament,” which arises because costs of tax collection and management are easier to measure than its benefits. In...
Proceedings Article

An Empirical Research of Foreign Trade and Economic Growth in Chongqing

Zongrong Ran
After Chongqing became the municipality of China, Chongqing kept the high speed of annual average of 16% or more to develop. And it has highlighted a positive effect of the region’s economic growth. For the depth study of the size that foreign trade can boost the economic growth in Chongqing, sorting...
Proceedings Article

Moderate Scale Estimates of Local Government Debt Case of Jilin Province

Daguang Yang, Cun Li
In order to prevent local government debt crisis, we established a theoretical model to estimate appropriate scale of local government debt in this paper. Example of Jilin Province, we forecast a moderate scale of local government debt in Jilin Province in next few years. The results show that the local...
Proceedings Article

The Improvement and Application of Econometric Model for Reverse Spillover Effect of Technology Sourcing FDI

Xiaoyong Lu, Linli Wang, Haiyan Huang
In order to study the relation between service trade development and FDI, in this paper we study the generating ways for them, then point out that service industry mainly through the form of commercial presence and cross border supply promote the development of service trade directly, besides, the technical...
Proceedings Article

A Design of the Incentive and Restraint Mechanisms for Venture Capitalists in the Venture Funds of the Limited Partnership

Pingping Liu, Chunsheng Jiang
There is a principal-agent relationship between investors and fund managers - venture capitalists for the venture funds in the limited partnership. The compensation for the venture capitalists is mainly from the fund management fees and carried interests. For the venture capital funds in the different...
Proceedings Article

The Evaluation and Analysis of the Eastern Regional Industrial Competitiveness Based on Factor Analysis

Rongping Li, Yuanjie Li
On the basis of pinpointing the meaning of industrial competitiveness and analyzing its influence factors, we build an evaluation index system of regional industrial competitiveness constructed by three first-level indicators-- the scale of regional industrial, the efficiency of industrial enterprises...
Proceedings Article

Discussion on the Community Rights Theory of Characteristics of Stock Ownership

He Wang
This article is based on the community rights theory which plays the dominant role in the contemporary academic debates about the nature of stock ownership, including the theory’s crucial points and ideas, its advantages as well as the disadvantages, then express the writer’s personal view about it.
Proceedings Article

Market Analysis on Civil Aviation of China after Joining Aviation Alliance

Jianhui Wang, Jianguo Kong, Yuran Zhu
With China Eastern joined Sky Team Alliance in 2011, the three biggest state-owned airlines in China have all joined aviation alliance. After joining aviation alliance, both the domestic and international markets of China's civil aviation company will change. This paper studies the domestic and international...
Proceedings Article

Preliminary Market Analysis for a New Hybrid Electric Farm Tractor

Justin Flint, Daming Zhang, Pei Xu
Asurveywas administratedwith 101 participants from the agriculture communities in California and Texastoanalyzepotential market acceptance for a hybrid electric farm tractor (HET) and to identify factors influencing purchase decisions. The preliminary results suggest that reliability is a deterministic...
Proceedings Article

Effects of County Economy Model on the Rural Youth’s Intentions of Urban and Rural Employment in Southwest China:Taking Gongcheng Yao Autonomous County in Guangxi as an Example

Xiaojin Feng, Xuewen Feng
The urban and rural employment psychology and its effect factors in the southern minority areas was analyzed via questionnaire survey. It was found that both the development level and the county economy model affect the youths’ employment model and intention which in turn affects the economy development...
Proceedings Article

The Financial Crisis in the European Union:Legal and Economic Aspects of an Anti-democratic Stabilization Mechanism

Nellie Munin
This article presents the dilemmas encountered by European Union (hereby – EU) leaders facing an ongoing severe financial crisis, as the mechanism developed by them to pull out of the crisis is criticized for being anti-democratic, both in legal and in economic terms.
Proceedings Article

Business Angel in the UK: A Review

Yunfei Du, Jiao Xiong
As business angel becomes a hotpot and an essential financing source to SMEs nowadays, fully understanding business angel could be necessary for the further development of business angel, especially in China. Because of the relatively completed system of angel investment, business angel in the UK is...
Proceedings Article

Research Group Purchase Transaction Based on Dynamic Game

Xuyao Lin
Group purchase as a new trading mode has been accepted by the public. But now there are many problems existing in group purchase transactions. Through establishing a dynamic model of group purchase transactions and analyzing the problems existing in the group purchase procedure, some corresponding solutions...
Proceedings Article

The Position of the Czechoslovak Economy in the Global Economy in the Years 1945 - 1989

Marian Lebiedzik
This article focuses on the situation of the economy of Czechoslovakia in the global economy from the period after World War II up to 1989. Economic development in this period was significantly influenced by the political events that took place in Czechoslovakia in 1948, when it became part of the Eastern...