A Study on the Impact of Multiple Large Shareholders on Management's Tone Manipulation

Mengqun Zhang

pp.1-12 DOI: 10.62051/vfj0na80

Abstract: This study takes A-share listed companies in Shanghai and Shenzhen from 2012 to 2023 as the research objects, and empirically tests the impact of multiple large shareholders on managers' tone manipulation behavior. The research finds that the ownership structure with multiple large shareholders can inhibit managers' tone manipulation. Mechanism tests show that multiple large shareholders reduce managers' tone manipulation behavior by alleviating financing constraints. Further research reveals … Read More

Policy Mechanisms for Sustainable Consumption in China: Historical and Sociological Perspectives

Yaoning Liu

pp.13-18 DOI: 10.62051/fdb18394

Abstract: Sustainable consumption is emerging as a vibrant international discourse and interdisciplinary research field. Both developed and developing countries need to pay attention to and understand this emerging research to enhance international dialogue and actively pursue international cooperation toward the goals of sustainable and green consumption. This paper focus specifically on the historical evolution of China’s sustainable consumption policies and their operational mechanisms. The policy … Read More

Analysis of the Reasons for the Collapse of Credit Suisse and Its Implications for the Chinese Banking Industry

Yueying Zhou

pp.19-25 DOI: 10.62051/tb25pc19

Abstract: Credit Suisse Bank is an international financial institution with a history of over a century. In March 2023, it announced a huge loss, and the Swiss federal government and regulatory authorities took multiple rescue measures to facilitate the acquisition of Credit Suisse by Credit Suisse Group, which effectively suppressed systemic financial risks and maintained stability in domestic and international financial markets. The main reasons for this event include the damage to their own credit, … Read More

Analysis of the Internationalization Strategy of Multinational Corporations--Take Xiaomi as an Example

Jiayao Peng

pp.26-33 DOI: 10.62051/wh90kx87

Abstract: The degree of economic globalization is becoming increasingly profound. Many enterprises are expanding their businesses in different countries and regions around the world to gain a larger market share and more opportunities. Xiaomi Corporation, a well-known Chinese enterprise, has actively promoted its internationalization strategy in recent years, achieving remarkable accomplishments. This article aims to explore Xiaomi's internationalization process, conducting an in-depth analysis of its … Read More

The Growth of Graduates and Economic Development

Yike Yang

pp.34-38 DOI: 10.62051/xdabj075

Abstract: The expansion of higher education and the consequent increase in graduate numbers are widely seen as a key driver of economic development within the framework of human resource development (HRD) and human capital theory. This paper critically examines the extent to which rising graduate numbers effectively promote economic growth. It argues that while an increased supply of graduates can enhance human capital quality, spur technological innovation, facilitate industrial upgrading, and promote … Read More

Digital Transformation of Enterprise Administrative Management

Shangxu Wu

pp.39-43 DOI: 10.62051/r0fhwa42

Abstract: Digital transformation has become a core driving force for promoting economic and social development and has a profound impact on the transformation and upgrading of various industries. As a key component of the economic operation, enterprises not only ensure the daily economic operation but also play an important role in serving the high-quality development of society, and have significantly influenced the transformation, upgrading, and innovative development of various industries. The … Read More

Research on the Impact of Digital Finance on the High-Quality Development of Small and Medium-sized Enterprises: Evidence from Listed Companies on the Beijing Stock Exchange

Chenghui Li

pp.44-60 DOI: 10.62051/p4n78p03

Abstract: In the era of digital economy, digital finance is an important engine driving the high-quality development of enterprises, and small and medium-sized enterprises solve most of the employment problems in China. Therefore, it is of great significance to discuss the impact of digital finance on the high-quality development of small and medium-sized enterprises. This paper takes small and medium-sized enterprises listed in Beijing Stock Exchange as the research object, and uses two-way fixed effect … Read More

The Impact of Real Estate on the Credit Risk of China's Commercial Banks

Shuyuan Peng

pp.61-75 DOI: 10.62051/8b3bfa59

Abstract: Real estate loans account for a relatively high proportion of commercial bank loans, the current stage of the real estate market is depressed, the huge real estate loans on the bank has caused a huge burden, the impact of the bank's credit, uncertain real estate policy will affect both the quality of the stock of real estate loans, but also affect the commercial banks to the real estate industry's credit investment, all of which ultimately affects the risk taking of commercial banks. Based on … Read More

Analysis of the Competitiveness of China's Transport Service Trade under the Belt and Road Initiative

Jingjun Shen

pp.76-82 DOI: 10.62051/7v4hvq81

Abstract: Since the global economic crisis and the pandemic, protectionism has been on the rise worldwide. China's economy has entered a "new normal," facing downward pressure and structural transformation needs. Against this backdrop, the Belt and Road Initiative has promoted trade cooperation between China and countries along the route, becoming a new engine for economic growth. This study utilizes international databases such as OECD and the World Bank to measure the competitiveness indicators of … Read More

The Impact of Foreign Trade on Employment in Pakistan

Hafiz Muhammad Ali Tahir, Jing Yu

pp.83-87 DOI: 10.62051/hz3wnw55

Abstract: This study investigates the relationship between foreign trade and employment in Pakistan from 2000 to 2022, employing the Johansen co-integration approach and vector error correction model (VECM) as econometric methods. The variables examined include employment in industry, services, and agriculture (EMP), along with exports (EX) and imports (IM). The results indicate a long-term connection among these variables, showing that higher exports positively affect employment in Pakistan, while … Read More

Viewing Organizational Change from a Micro-Perspective

Zongying Shen

pp.88-93 DOI: 10.62051/96x8hr65

Abstract: Modern organizational change, a key strategy focus, has high failure rates—but research underscores employees’ role: once seen as passive/resistant, they can also initiate change and shape organizational routines. With Lewin's model, this study uses routines (repetitive, interdependent patterns for stability/change) to analyze interactions. Key findings: 1) Change affects employee involvement via ostensive-to-performative routine mediation; 2) Involvement impacts change via … Read More

Analysis of the Causes and Implications of the Silicon Valley Bank Bankruptcy Event

Rui Zhu

pp.94-97 DOI: 10.62051/k76fny45

Abstract: On March 8, 2023, Silicon Valley Bank experienced a financial collapse, and on March 10, a trillion-dollar bank with a 40-year history ceased operations. In less than 48 hours, the bank experienced a liquidity crisis, a rapid bank run, and finally its closure and takeover. This was the largest bank bankruptcy in the United States since the 2008 financial crisis. This paper retrospectively reviews the development process of the Silicon Valley Bank bankruptcy, analyzes its internal causes (such as … Read More

The impact of the collapse of Silicon Valley banks

Changshu Wang, Fang Sun, Jun Wen

pp.98-103 DOI: 10.62051/npr8jh86

Abstract: On March 10 in 2023, Silicon Valley Bank became insolvent, becoming the second largest bank failure in U.S. history. Due to the Federal Reserve's continuous interest rate hikes and an inappropriate asset portfolio, Silicon Valley Bank announced that it would sell US$21 billion in debt and issue new shares for financing. This move directly led to the collapse of Silicon Valley Bank. There was a serious run on small and medium-sized banks in the United States, stock prices plummeted, and the U.S. … Read More

A Contested Union: A Review of Economic, Political, and Cultural Tensions in the Eurozone

Zhiyuan Cui

pp.104-109 DOI: 10.62051/f1htp390

Abstract: This paper provides a comprehensive review of academic literatures that concerning the multifaceted impacts of the Economic and Monetary Union (EMU). More than two decades after the circulation of its physical currency, the legacy of the Euro is characterized by a profound duality. It has facilitated unprecedented financial integration while simultaneously creating new conduits for economic divergence and systemic risk. Envisioned as a capstone of political unity, its governance structures have … Read More

Exploring the Economic Pathways of Britain Without Colonialism: A Speculative Examination of Political, Economic, and Social Ramifications

Yixuan Liu

pp.110-115 DOI: 10.62051/55g8g495

Abstract: This paper utilizes a thorough counterfactual historical approach to address a crucial query: How would Great Britain's economic and social conditions differ if it had never engaged in colonial ventures? Moving past oversimplified views regarding the exploitation during colonial times, this research creates a multifaceted analytical framework. It scrutinizes the potential redistribution of global influence during the 18th and 19th centuries, the economic ramifications of avoiding the enormous … Read More

Improved Asset Pricing Models in Behavioral Finance Contexts and Applications in Asset Management Portfolios

Zhengyang Li

pp.116-124 DOI: 10.62051/gz5a7z43

Abstract: The accuracy of asset pricing models directly impacts asset management effectiveness. Traditional CAPM and the Fama-French three-factor model, due to their neglect of investor sentiment biases, underexplain irrational behavior in the A-share market, explaining less than 30% of return deviations in extreme market conditions. This paper proposes an improved asset pricing algorithm with sentiment bias correction (EBC-APM). This algorithm integrates BERT and LSTM technologies to construct a … Read More

Fragmentation in Global Digital Trade Rules: Challenges and China's Response

Xiao Feng

pp.125-130 DOI: 10.62051/61n7ge90

Abstract: Global digital trade faces a regulatory vacuum due to the lag in WTO rules, leading to the emergence of three regional frameworks: the US advocates free data flow, the EU enforces strict privacy, and the Asia-Pacific uses modular rules. This fragmentation raises compliance costs, regulatory conflicts, and marginalizes developing economies. In response, China is building compliance support systems, piloting flexible rules in free trade zones, and promoting regional rule alignment via DEPA, moving … Read More

Research on the impact of Sino-US trade friction on outward direct investment of Chinese enterprises

Jinhong Liu

pp.131-138 DOI: 10.62051/ex63m391

Abstract: In recent years, the continuous escalation of trade frictions between China and the United States has had a profound impact on the economic pattern of China and even the world, and posed a challenge to the internationalization process of Chinese enterprises. Affected by the Sino-US trade friction, the uncertainty of the macroeconomic and trade environment between China and the United States has increased significantly. This paper first reviews and analyzes the root causes and evolution of … Read More

Research on the Investment Value of Shanghai Zhenhua Heavy Industry Co., Ltd. Based on Big Data Analysis

Chenhan He

pp.139-142 DOI: 10.62051/yvypct13

Abstract: In the market, an issue that investors are more concerned about is the investment value of the enterprise itself. The correct evaluation of the enterprise's investment value plays a very important role in both market stability and enterprise development. This paper conducts a study on the investment value of Shanghai Zhenhua Heavy Industry with the help of SPSS software. Read More

Natural Resource Asset Departure Audit and Green Innovation in Heavily Polluting Enterprises

Xin Shen

pp.143-149 DOI: 10.62051/b3w3t774

Abstract: This study treats the natural resource asset departure audit system as an exogenous quasi-natural experiment. Using data from heavily polluting listed enterprises between 2009 and 2019, a difference-in-differences (DID) approach is applied to examine the impact of the audit system on corporate green technology innovation. Empirical results indicate that the pilot implementation of this system has, to a certain extent, promoted green technology innovation among heavily polluting listed companies. … Read More

New Trends in China's Outbound Investment under Regulatory Upgrades

Jinpeng Ji

pp.150-159 DOI: 10.62051/ytdmyc79

Abstract: This article systematically studies the new trends of China's outward investment under the background of regulatory upgrading. Driven by regulatory policies such as the "the Belt and Road" initiative and the negative list, China's outbound investment presents three major transformation characteristics: the investment structure is optimized and upgraded from traditional manufacturing to high-end industries such as scientific and technological innovation and green energy; The regional layout is … Read More

The Impact of the 2023 International Financial Market Turmoil on China's Investment Environment

Mengju Deng, Lingzhi Li

pp.160-168 DOI: 10.62051/gyccqn64

Abstract: In 2023, the international financial markets experienced severe turbulence and multiple challenges, which had a profound impact on China's investment environment. This paper first reviews the history and current situation of China's outbound investment, analyzing the evolution from the initial exploration stage to the stable development stage. Then, through a literature review, the article explores the relationship between international financial market turmoil and the investment environment. It … Read More

Innovative Research on Business-Finance Integration Driven by Accounting Digitalization and Intelligence: A Case Study of Ant Financial Services

Xinzhe Yang

pp.169-175 DOI: 10.62051/1s0gdt04

Abstract: This paper examines Ant Financial Services Group as a case study to explore innovative practices in accounting digitalization and intelligence technologies that promote the integration of business and finance. It first outlines Ant Financial applications in accounting digitalization and intelligence, covering data integration and sharing, intelligent financial management, data-driven decision-making, intelligent risk management, and performance evaluation and optimization. It then analyzes how … Read More

The Impact of Filtering Experience on Shopping Cart Abandonment: A Study on the Chain Mediation of Cognition and Affect

Akeda Younusi, Li Li

pp.176-182 DOI: 10.62051/qcghry04

Abstract: As information complexity in e-commerce environments grows, shopping cart abandonment(CAB) is a core constraint on platform conversion rates. Based on data from 355 questionnaires, this study employs Exploratory Factor Analysis(EFA), Confirmatory Factor Analysis(CFA), and Structural Equation Modeling (SEM) to investigate how filtering experience influences shopping cart abandonment (CAB) through a chain of cognitive and affective responses. The findings reveal that: (1) In the information … Read More

A Study on the Impact of Online Platform Interaction on Corporate Tax Avoidance

Xiaoyan Zhao

pp.183-187 DOI: 10.62051/k249hg67

Abstract: With the continuous deepening of China's capital market reform, the information environment of the capital market is becoming increasingly complex. To adapt to this change, the Shenzhen Stock Exchange and the Shanghai Stock Exchange have actively innovated their regulatory models and launched the “Interactive Easy” and “SSE e-Interactive” platforms, respectively. Research on tax avoidance has always been a focus for both the academic and practical circles. However, few documents have been … Read More

The Impact of Digital Transformation on Innovation Capability in Manufacturing Enterprises: An Empirical Study Based on Structural Equation Modelling

Jiaxin Cheng

pp.188-197 DOI: 10.62051/nq52my74

Abstract: Amidst the global surge in digital economic development, advancing digital transformation has become pivotal to corporate innovation and growth. Building upon a review of existing literature, this study employs Structural Equation Modelling (SEM) to conduct reliability and validity testing, correlation analysis, regression analysis, and mediation effect testing on a sample dataset from manufacturing enterprises. It explores the influence mechanism of digital transformation on innovation … Read More

A Study on the Impact of Institutional Investors' Green Attention on ESG Ratings

Yimeng Zhang

pp.198-211 DOI: 10.62051/1hj18g83

Abstract: Against the backdrop of the global green transition and China's dual carbon strategy, the governance role of institutional investors has become increasingly prominent. Existing research predominantly focuses on their shareholding ratios while overlooking the impact of specific environmental governance behaviours. Drawing upon agency theory, resource dependence, and the attention-based perspective, this study constructs an ‘institutional investor green attention’ indicator using Shanghai and … Read More

The Impact of Agricultural Digitalization on the Export Quality of China’s Agricultural Products

Yuanyuan Zhao, Dayan Lin

pp.212-225 DOI: 10.62051/v3r7y689

Abstract: As a key factor in promoting the prosperity of international trade, the quality of export products has increasingly become a focal point in the economic and trade development strategies of many countries. Based on provincial panel data from 30 provinces in China during the period 2011–2022, this paper employs the demand-information-inference method to estimate the export quality of agricultural products and applies panel data regression models to systematically analyze the impact of agricultural … Read More

The impact of social responsibility on financial performance of listed companies in the food manufacturing industry - the mediating role of debt financing costs

Xin Zhang

pp.226-236 DOI: 10.62051/94rvkw41

Abstract: Whether food manufacturing enterprises can fulfill their social responsibilities to ensure the cleanliness and hygiene of food is very important for people's health. However, the fulfillment of social responsibility can tie up the resources of a business. Enterprise resources are inseparable from the development of enterprises. At the same time, due to the information asymmetry in the market, there are information barriers between some creditors and enterprises. As a result, companies may incur … Read More

The Economic Growth Effect of National-level New Areas: Empirical Evidence from Chinese Cities

Xianpeng Su

pp.237-245 DOI: 10.62051/wysfam51

Abstract: As a crucial regional development strategy in China, the actual policy effects of National-level New Areas require rigorous scientific evaluation. This paper, based on a panel dataset of Chinese cities from 2003 to 2021, treats the establishment of these new areas as a quasi-natural experiment. By employing a Difference-in-Differences (DID) model, we strictly identify the causal effect of this policy on urban economic growth. The research finds that the establishment of National-level New Areas … Read More

The Innovation and Ecological Formation of New Quality Productive Forces Driven by the Digital Economy

Yingjie Xu

pp.246-253 DOI: 10.62051/dx5htn43

Abstract: This article comprehensively explores the connotations and characteristics of the digital economy and new productivity, as well as their mutually empowering, spiraling, and deeply integrated relationship. It also analyzes the innovation-driven mechanisms of the digital economy on new productivity through the three dimensions of technological innovation, industrial upgrading, and value creation. By constructing an indicator system for new productivity and the digital economy and determining their … Read More

Local CEO and Climate Risk Awareness

Lingyan Wang

pp.254-271 DOI: 10.62051/rs482945

Abstract: This study empirically examines the impact of locally hired CEOs on corporate climate risk awareness, using a sample of A-share listed companies in Shanghai and Shenzhen from 2007 to 2023. Findings reveal that firms employing local CEOs exhibit significantly higher levels of climate risk awareness. Mechanism analysis indicates that the impact of local CEOs on corporate climate risk attention is more pronounced in regions characterized by stronger CEO hometown attachment and greater media … Read More

The Impact of Supply Chain Network Embeddedness on Firms’ General-Purpose Technology Innovation

Zuxuan Yu

pp.272-285 DOI: 10.62051/8vnp2821

Abstract: With the gradual refinement of the division of labor in the market, suppliers in the upstream of the supply chain and customers in the downstream have become increasingly closely connected, forming a supply chain network among firms. As one of the important components of the social network in which firms are located, the supply chain network also affects the innovation activities of firms. Under the severe situation of “bottlenecking” of key common technologies in the industry, it is especially … Read More

A Study on the Impact of Social Crowding on Consumers' Compensatory Consumption Behavior

Zhiwen Ma

pp.286-294 DOI: 10.62051/z4dh0t22

Abstract: With the acceleration of global urbanization, social crowding has become a prevalent environmental phenomenon in consumers' daily lives, exerting a significant influence on their psychological states and consumption decisions. However, existing research rarely explores the intrinsic connection between social crowding and compensatory consumption behavior, and the underlying mechanism of this relationship remains unclear. This study systematically integrates theories including Compensatory … Read More

Correlation Analysis between the Futures Price and Spot Price of the CSI 300 Stock Index in China

Ruonan Fan

pp.295-304 DOI: 10.62051/4hbkad19

Abstract: The introduction of stock index futures meets investors' needs for diversified investments and enhances the diversity of China's investment market. With the development of stock index futures, investors are increasingly focusing on the correlation between spot and futures prices.  This paper employs a 4-lag VAR model, Granger causality tests, and other methods, utilizing daily data of China's CSI 300 stock index futures and spot prices from January 4, 2002, to June 14, 2024, to analyze their … Read More

Can Green Investors Improve the Quality of ESG Information Disclosure?

Tao Wu, Guangming Wang

pp.305-318 DOI: 10.62051/p953pe26

Abstract: In recent years, the public has been paying increasing attention to the issue of ESG information disclosure. Previous studies have mainly focused on the impact of internal and external environmental factors (such as politics and culture) on the quality of ESG information disclosure, while few scholars have conducted research from the perspective of heterogeneous institutional investors. This paper selects A-share listed companies in Shanghai and Shenzhen from 2012 to 2024 as research samples, … Read More

Research on the relationship between the effectiveness of internal control and corporate value

Jiapei Wang

pp.319-322 DOI: 10.62051/p6tpwd85

Abstract: As one of the important governance mechanisms of a company, the internal control system plays a pivotal role in enhancing corporate value. the convening of the 20th National Congress, the Ministry of Finance, in conjunction with the China Securities Regulatory Commission, has decided to promote listed companies and enterprises preparing listing to strengthen their internal control systems. This paper, based on the panel data of ten leading enterprises in the new energy industry among the … Read More

The Impact of Business Environment on Innovation Performance in High-Tech Industries: Mediating Role of Debt Financing Costs and Modulating Role of Industrial Policy

Jinkun Tian

pp.323-333 DOI: 10.62051/v9scaz03

Abstract: High-tech industries are pivotal engines for future technological progress and industrial innovation, playing a strategically important role in advancing China’s modernization. Using the 2010 Decision on Accelerating the Fostering and Development of Strategic Emerging Industries as a benchmark, this study examines the impact of high-tech industrial policies on corporate innovation performance and their underlying mechanisms. The analysis employs panel data from non-financial companies listed on … Read More

Aesthetic quality of product display images on fresh e-commerce platforms Research on the Impact of Consumer Trust

Shuaige Qian

pp.334-348 DOI: 10.62051/2pftz611

Abstract: The competition in the fresh e-commerce market is becoming increasingly fierce, and merchants are using carefully designed and beautified images for promotional displays. Although this practice attracts consumers and increases sales, improper use is suspected of false advertising and can easily trigger a crisis of consumer trust. This approach not only causes inconvenience to consumers, but also has a negative impact on industry operations and reputation. Based on this, this study starts from … Read More

The Time-Varying Impact of Climate Policy Uncertainty on the Volatility of China's New Energy Stock Market

Chenglin Liao, Caixu Zhao, Aobo Gao, Zhengyang Ding

pp.349-365 DOI: 10.62051/e7brp470

Abstract: This paper systematically examines the differential time-varying impacts of Chinese and U.S. climate policy uncertainty (CPU) on the volatility of China's new energy stock market. Utilizing a Time-Varying Parameter Stochastic Volatility Vector Autoregression (TVP-SV-VAR) model, this study conducts a comparative analysis of the mechanisms through which CPU from both countries influences the volatility across different time horizons. The results indicate that the impacts of both Chinese and U.S. … Read More

A Study of the Audit Failure of Kedi Dairy from the Perspective of CPA Due Diligence

Qing Yang

pp.366-384 DOI: 10.62051/xpzqex79

Abstract: This study employs the literature research and case analysis methods. First, through a comprehensive literature review, it synthesizes existing domestic and international scholarly findings and perspectives on audit failures and CPA due diligence. Then, it innovatively applies a due diligence perspective to examine the Asia Pacific Firm's audit failure in the Kedi Dairy case, analyzing the company's fraud techniques, the specific manifestations of the auditors' failure to fulfill their due … Read More

Audit Case Study of Revenue Projects at China Merchators Transportation Technology

Qiqi Xu

pp.385-398 DOI: 10.62051/99xs3c92

Abstract: With the increasing reliance of the whole society on audit reports in recent years and the growing attention paid to the audit industry, accounting firms should make new progress in the new era. Since the implementation of the new revenue recognition standards for all listed companies in China from January 1st, 2020, there have been many deficiencies in revenue auditing. In 2022, the Chinese Institute of Certified Public Accountants (CICPA) issued the ‘Notice on the Audit of Annual Reports of … Read More

Music sentiment and the cross-section of stock returns in the US

Shiqi Chen, Yiwei Wang, Huiyi Zhang, Jie Zhou

pp.399-406 DOI: 10.62051/xhj6bx84

Abstract: This paper examines the role of music sentiment, which endogenously measures investor sentiment, in the cross-sectional pricing of individual stocks in the US. We estimate individual stocks' exposure to country-level music sentiment and find that, following periods of low music sentiment, stocks with the highest sentiment beta significantly outperform those with the lowest sentiment beta on a daily basis in the future on a risk-adjusted basis. However, this return spread is not significant … Read More

Research on Audit Risks and Corresponding Mitigation Strategies in the Sales and Collection Cycle of Company Y

Jinglan Yin

pp.407-417 DOI: 10.62051/ctd9vq68

Abstract: The pharmaceutical manufacturing industry has experienced rapid growth in output value over the past decade, becoming a significant component of the national economy. Despite numerous regulatory policies, many pharmaceutical companies have been penalized by regulatory bodies, with a substantial number of cases involving fraud or financial misstatement in the sales and collection cycle. This paper addresses this issue by examining the case of Company Y to investigate two key questions: the … Read More

Advantages and Challenges of Blockchain in Accounting: A Case Study of Deloitte's Rubix

Ning Wu

pp.418-427 DOI: 10.62051/4z6kws61

Abstract: Currently, blockchain technology is increasingly gaining attention. Characterized by decentralization, immutability, and transparency, it holds broad application prospects in numerous fields. In the accounting sector, the frequent occurrence of distorted financial information in enterprises can be effectively addressed by leveraging blockchain technology to enhance efficiency and ensure the quality of accounting information. This paper begins by explaining the nature and characteristics of … Read More

Research on the Application of Artificial Intelligence in Accounting: A Case Study of Shanghai Ninth People's Hospital

Zhiyue Li

pp.428-437 DOI: 10.62051/xb487262

Abstract: In recent years, emerging technologies such as artificial intelligence have profoundly impacted industries across the board. As a vital component of the information sector, accounting faces unprecedented transformation. These technologies—characterized by efficiency, precision, and automation—have significantly altered accounting workflows and processes. Against this backdrop, the accounting profession must proactively adapt and leverage new technologies to enhance work quality and efficiency. … Read More

Analysis of the Silicon Valley Bank Bankruptcy

Yawen Gao

pp.438-443 DOI: 10.62051/rpsxas22

Abstract: Since 2022, due to the continuous interest rate hike by the Federal Reserve, the Silicon Valley Bank in the United States has taken the lead in the crisis, triggering the financial market shock[1]. By reviewing the bankruptcy process of Silicon Valley Bank, this paper reveals the reasons behind the bankruptcy of Silicon Valley Bank, analyzes the impact brought by its bankruptcy, and the inspiration to China's banks, so as to bring great reference significance to the maintenance of the stability … Read More

Analysis of the Impact of Brexit

Wanlin Wu

pp.444-448 DOI: 10.62051/nekhta83

Abstract: This paper analyzes the economic impacts of Brexit on the United Kingdom, the European Union, and China. It begins with a historical overview of the Brexit process, followed by a detailed examination of its effects on labor markets, inflation, exchange rates, and capital flows. The study concludes that while Brexit presents short-term challenges for the UK, it also offers long-term strategic autonomy. The EU faces financial and structural adjustments, while China experiences limited but specific … Read More

The Impacts of Digital Inclusive Finance on China’s Household Financial Asset Selection

Ying Liu

pp.449-468 DOI: 10.62051/3mbz8865

Abstract: Reasonable choice of financial assets is the basis of family wealth accumulation, and Chinese families generally have the problem of "limited participation" in financial markets in terms of financial asset choice. Against the background of the deep integration of digital technology and the financial industry, how to optimize household financial asset choice with digital inclusive finance as a grip is an issue of widespread concern for the government and academia. Based on the 2019 China … Read More

Research on Audit Risk of T Enterprise

Yijun Liu

pp.469-478 DOI: 10.62051/mqyx1f77

Abstract: This paper discusses the audit risks faced by T Company during its initial public offering (IPO) on the STAR Market. As an important segment of China's capital market, the STAR Market plays a crucial role in supporting innovative technology enterprises. Therefore, the management and control of IPO audit risks are of great significance. As a representative of listed companies on the STAR Market, the study of T Company's IPO audit risks is of great importance to the healthy development of the … Read More

Government Subsidies and Corporate Innovation

Wenjing Zhou

pp.479-489 DOI: 10.62051/p99has63

Abstract: Government subsidies play a crucial role in addressing market failures in corporate innovation. Using 2007-2021 data of Chinese A-share listed companies, excluding non-innovation subsidies, this study applies a two-way fixed effects model to analyze government subsidies’ impact on enterprises, and uses R&D investment as a mediator to explore its role in the government subsidies-corporate innovation relationship. The research findings are as follows: First, government innovation subsidies can … Read More

Research on Enterprise G's Green Innovation Performance Evaluation

Shouyue Wang

pp.490-498 DOI: 10.62051/fgswnn67

Abstract: Current research on green innovation performance evaluation primarily focuses on four levels: national, regional, industrial, and corporate. While studies at the national, regional, and industrial levels are relatively comprehensive, evaluation systems specifically at the corporate level remain underdeveloped. Building upon existing theoretical foundations and literature, this study selects Enterprise G within the photovoltaic equipment industry as a case study. An evaluation indicator system … Read More

Study on the Trend of De-Dollarization

Yixin Cai

pp.499-504 DOI: 10.62051/n5wcvq48

Abstract: In recent years, "de-dollarization" has gained momentum globally, with major economies like China, Russia, Germany, the UK, Japan, and Canada implementing policies to reduce reliance on the US dollar. This trend challenges US dollar hegemony and fosters a shift toward a new world monetary order. This paper examines the "de-dollarization" trend, recognizing it as a persistent long-term phenomenon. While the US dollar's dominance may persist in the short term, its influence within the … Read More

Overview of Performance Appraisal and Future Prospects

Lixin Li, Xiaohu Zhou

pp.505-514 DOI: 10.62051/kt0gqc49

Abstract: In modern enterprise management, performance appraisal is a crucial tool for measuring employee performance, motivating personal capability improvement, and facilitating the achievement of corporate strategic goals. This paper reviews the theoretical foundation, key influencing factors, and main methods of performance appraisal, analyses the current status of domestic and international research in this field, and discusses future development trends. The paper first defines the concept of … Read More

Impacts of Digital Finance on International Trade Competitiveness

Chenxue Zhang

pp.515-522 DOI: 10.62051/eaxfa797

Abstract: Digital inclusive finance utilizes digital technology and financial innovation to provide financial services for enterprises, and competitiveness is the embodiment of a country's comprehensive national power such as the level of technology and innovation. This paper selects the panel data of 31 provinces in China from 2011 to 2020 to explore the impact of digital finance on international trade competitiveness. It is found that digital finance and international trade competitiveness show a … Read More

Empirical Evidence on Mispricing, Trading Volume, and Expected Stock Returns

Zhe Zhou

pp.523-531 DOI: 10.62051/c01tzt39

Abstract: This study investigates the impact of stock mispricing (MISP) on expected returns in China’s A-share market, using monthly data from March 2008 to March 2025. The analysis further examines the moderating effect of trading volume, measured by turnover. Empirical results show that mispricing exhibits strong predictive power for future returns: undervalued stocks generate higher subsequent returns, while overvalued stocks yield lower returns. Moreover, trading volume plays an amplifying role—high … Read More

The Impact of Green Industrial Park Policies on Carbon Emissions under the Dual-Carbon Goals: Evidence from Prefecture-Level Cities in China

Xiawei Shi, Yingming Zhu

pp.532-558 DOI: 10.62051/jc10tn07

Abstract: Traditional industrial parks (IPs) are characterized by high energy consumption, significant greenhouse gas emissions, and severe pollution, posing substantial pressure on achieving the dual goals of 'carbon peak and carbon neutrality' and the dual strategy of 'Beautiful China.' Therefore, it is imperative to explore the impact of the green low-carbon transformation of industrial parks, specifically the effects on the 'quantity' and 'quality' of carbon emissions in green industrial parks (GIPs). … Read More

The Influence of Environmental Regulation on Industrial Structure Upgrading in Beibu Gulf Urban Agglomeration

Xiang Cui

pp.559-568 DOI: 10.62051/bvmrpk36

Abstract: This study examines the impact of environmental regulations on industrial structure upgrading in urban clusters through an economic theory framework. Using panel data from 10 prefecture-level cities in the Beibu Gulf Urban Cluster (2010-2021), we measure industrial upgrading through three dimensions: comprehensive structural transformation, industrial sophistication, and rationalization. Through a fixed-effects model, empirical analysis demonstrates that environmental regulations drive … Read More

The Commercial Ecology and Social Mechanisms of Shops in Guangzhou’s Urban Villages: A Literature Review and Empirical Survey

Wenxi Chen

pp.569-578 DOI: 10.62051/enxkcb17

Abstract: This paper investigates the business operations of shops in Guangzhou’s urban villages, aiming to clarify how grassroots commerce interacts with urban renewal. Urban villages, as transitional spaces, accommodate dense clusters of small retailers that sustain affordable services and migrant livelihoods, yet their survival strategies remain underexplored.Recent research has shifted from viewing urban villages mainly as governance problems to acknowledging their economic and social roles. Studies … Read More

Globalization and The Acceleration of Wealth Digital Platforms, Artificial Intelligence, and Collaborative Entrepreneurship

Enze Wang

pp.579-586 DOI: 10.62051/ynkyw265

Abstract: The current world economy has experienced colossal levels of fluctuations in regards to how wealth is being created which is absent in this section of the globe at any given moment, and this is leading to a paradigm shift of monetary to financial wellbeing. The article unfolds the speed with which the 21 st century is accelerating wealth creation as globalization and digital platforms, artificial intelligence and swarm innovation start to take over. As the article demonstrates, we discovered … Read More

The Influence of A Financial Professional Background on Family Pension Insurance Decisions

Hao Wei, Lei Wang

pp.587-594 DOI: 10.62051/2n8skh59

Abstract: Based on data from the China Household Finance Survey (CHFS) spanning 2015 to 2019, this study empirically examines the impact of a household member’s financial professional background on the family’s decision to purchase commercial endowment insurance. A key innovation of this research lies in its use of multi-period micro-survey data to investigate how individual occupational backgrounds influence retirement-related decision-making,while employing a two-way fixed effects model to mitigate … Read More