Transactions on Economics, Business and Management Research Transactions on Economics, Business and Management Research
Vol. 7 (EDMI 2024)
6th International Symposium on Economic Development and Management Innovation
EDMI 2024
Conference Dates: May 25-26, 2024
Conference Venue: New York, United States
Conference Editors: Yuanyuan Chen, Hesham H. Ali
Conference Website: http://www.isedmi.org
ISSN: 2960-1789
eISSN: 2960-2254
ISBN: 978-1-961651-20-3
Published: June 5, 2024
Preface: 6th International Symposium on Economic Development and Management Innovation (EDMI 2024)

Articles

Construction and Communication of Harbin's City Image under the Background of New Media

Abstract: The rapid rise of short video platforms has injected new vitality into the construction and communication of city images. In the article, Harbin is the research object. Firstly, it analyzes the communication characteristics of the city image under the background of new media. Secondly, from the communication subject, communication content, communication channels and communication effects, the paper deeply analyzes the characteristics of Harbin's image communication, explores the close … Read More

Research on the Role of the Digital Economy in Promoting Low-Carbon Sustainable Development in China's Cities

Abstract: Against the backdrop of globalization and industrialization, cities, as hubs of economic, cultural, and social activities, are increasingly facing issues of carbon emissions and energy consumption. To address climate change and achieve sustainable development goals, low-carbon urban development has become a global consensus. As an emerging economic form, the economy of digit, with its efficient, intelligent, and green characteristics, offers new solutions for urban development of low carbon. The … Read More

The Development Path of Financial Promotion of Science and Technology Innovation in the Context of New Quality Productivity Development

Abstract: Science and technology innovation is the kernel of developing new quality productivity, and finance has an important role in promoting science and technology innovation. Based on this, this paper studies the path of financial boosting of science and technology innovation, selects the national panel data from 2013 to 2022, adopts the entropy value method to determine the weight of each index and calculate the comprehensive value, and establishes the VAR model of financial input and science and … Read More

The Impact of Digital Transformation on the Dynamic Adjustment of Corporate Capital Structure

Abstract: In the era of digital transformation, the dynamic adjustment of corporate capital structure becomes particularly important. Digital transformation changes the operational model of enterprises, profoundly affecting their capital demand structure, profitability, and risk-bearing capacity, thereby having a profound impact on the dynamic adjustment of capital structure. Digital transformation leads enterprises to focus more on the optimization of technology investment and capital expenditure. As … Read More

Exploring the Necessity of Advancing the Construction of Information Management in Real Estate Management

Abstract: With the continuous progress of socio-economic development, the real estate industry has experienced rapid growth. As a leading industry in China, the importance of this sector is self-evident. However, due to objective factors, real estate management faces many challenges, such as poor information management and sharing, difficulties in market regulation and supervision, and insufficient risk prevention and resolution capabilities. To address these issues, it is particularly necessary to … Read More

Influence and Mechanism Analysis of Green Digital Transformation on Enterprise Green Innovation

Abstract: The purpose of this study is to explore the influence of green digital transformation (GDT) on enterprise green innovation (GI) and its mechanism. Under the background of increasingly severe global environmental problems and accelerating digital transformation, green innovation has become an important driving force for the sustainable development of enterprises. Therefore, this study has important theoretical and practical significance. In order to achieve the research purpose, this study adopts … Read More

Analysis of the Impact of Artificial Intelligence on Enterprise Financial Accounting Work

Abstract: With the rapid growth of technology, the field of artificial intelligence (AI) is innovating at an unprecedented speed and deeply affecting various industries, including corporate financial accounting work. In the current financial field, with the increasing trend of intelligent financial accounting, large enterprises have fully realized the intelligence of basic accounting processing and basic analysis. The application of new financial technologies such as financial robots and automation tools … Read More

Application of Consumer Behavior Analysis in Marketing Strategies

Abstract: With the rapid development of digitalization, consumer behavior is becoming increasingly complex, with choices becoming more diverse and demands more personalized and intricate. This presents both new opportunities and challenges for businesses' marketing strategies. In such an environment, the importance of consumer behavior analysis is gradually highlighted. In-depth research into various stages of consumer decision-making enables insight into consumers' psychology, needs, and preferences. … Read More

Innovation of Marketing Strategies in the Tourism Market under the Background of Smart Tourism

Abstract: In the development of modern tourism, smart tourism, as a major direction, signifies the deep integration of information technology and the tourism industry. To achieve established goals, organizations need to keep pace with the times and continually adapt to and lead the new trends in industry development. In specific practice, conducting thorough market research is essential. The current tourism market exhibits diversified and personalized consumption characteristics, requiring organizations … Read More

Can Digital Transformation Improve ESG Performance?

Abstract: Taking the A-share listed companies on Shanghai and Shenzhen stock exchanges from 2009 to 2020 as samples. This paper uses Python to construct an index of digital transformation by analyzing text data from enterprises’ annual reports and examines its impact on enterprise ESG performance and impact channels. The empirical results show that digital transformation can significantly improve the ESG performance of the enterprise. This finding is still valid after a series of robustness and … Read More

Research on the Strategy of Improving Rural E-commerce Participation: A Case Study of Jiaohe City, Jilin Province

Abstract: With the rapid development of e-commerce, rural e-commerce, as a new driving force to promote rural economic growth, has attracted much attention. Taking Jiaohe City, Jilin Province as an example, this paper discusses the current situation and challenges of local rural e-commerce development through field research and data analysis, and proposes specific strategies to enhance the participation of rural e-commerce, aiming to provide reference and reference for the development of rural e-commerce … Read More

The Application of Green Materials and Practice of Environmental Protection Concepts in Architectural Interior Design

Abstract: This article explores the widespread application of green materials in architectural interior design and their importance for environmental protection and sustainable development. Firstly, the paper provides an overview of the definition and development process of green materials, with a focus on common green materials and their characteristics. Secondly, the paper explores the advantages of green materials in improving indoor space comfort and health, as well as their applications in interior … Read More

Analysis of the Societal Benefits Derived from Reducing Pharmaceutical Prices based on System Dynamics

Abstract: The steep prices of pharmaceuticals have long been a significant concern in the healthcare domain, directly impacting patients' financial burdens, government healthcare expenditures, and the operational dynamics of the pharmaceutical market. This study aims to analyze the societal ramifications of lowering drug prices through the lens of system dynamics methodology. Employing a system dynamics model, this study evaluates the effects of drug price adjustments on patients, governments, and the … Read More

Development of Offshore Finance in Singapore and The Reference to The Construction of Hainan Free Trade Port

Abstract: Singapore, renowned as an offshore financial center, boasts a well-developed financial system and extensive developmental expertise, offering substantial insights for the establishment of the Hainan Free Trade Port. This article presents the three stages of the development of offshore finance in Singapore, and explores the development process of Singapore's offshore finance, mainly focusing on its fund hedging practices and financial regulation experiences. The aim is to present valuable … Read More

Comparative Analysis of the Impact of Advanced Information Technologies on the International Real Estate Market

Abstract: This study examines the impact of advanced information technologies, such as big data, the Internet of Things (IoT), and artificial intelligence (AI), on the global real estate market. Through comparative analysis of real estate markets in North America, Europe, and Asia, and specific case studies from the US, UK, and China, we quantified the effectiveness of these technologies from 2018 to 2023. Our findings show that big data analytics improved market forecasting accuracy by 15.2%, IoT in … Read More

Corporate Participation in ESG Ratings and the Accuracy of Analysts' Surplus Forecasts: Based on the Perspective of Green Finance Policy Implementation

Abstract: The article takes China's A-share listed companies from 2012to 2022 as the research target, using the different-in-difference model, and investigate the impact of ESG rating on the accuracy of analysts' forecast accuracy under China's green finance policies. This study finds that under green finance policies, ESG rating companies significantly have higher analysts' forecast accuracy, which is manifested in the reduction of analysts' forecast error and optimism bias. In terms of the mechanism, … Read More

Analysis of Spatiotemporal Evolution and Driving Mechanism of Industrial Wastewater Discharge in China

Abstract: This paper uses exploratory spatial data analysis (ESDA), logarithmic mean Dirichlet index ( LMDI ) and Tapio decoupling elasticity coefficient method to study the spatiotemporal evolution characteristics, main driving factors and decoupling status of industrial wastewater discharge in China from 2004 to 2019. The results show that: First, Second, economic development is the main driving factor for promoting industrial wastewater discharge; wastewater discharge intensity is the key factor in … Read More

Forecasting Inflation in a Non-Eurozone EU Country: An Econometric Analysis of Poland

Abstract: Poland, an emerging economy in eastern Europe, became a member of the EU since 2004, however, due to economic and political reasons, the country is not yet in the Eurozone and still maintained its own central bank, independent monetary policies, as well as their local currency Zloty. Historically, the country has experienced high inflation during its systematic economic reformation after the end of its communist era, but it successfully maintained a low inflation rate afterwards until the start … Read More

Study on the Impact of Digital Transformation on Corporate Social Responsibility

Abstract: In recent years, the rapid development of new-generation information technologies such as 5G, artificial intelligence, and blockchain has propelled the digital economy to grow vigorously. For enterprises to achieve high-quality development under such circumstances, digital transformation has become an essential path. Corporate Social Responsibility (CSR) is an evolving concept, transitioning from the initial stance of "corporations should be responsible" to the current perspective that … Read More

Literature Review on Green Finance and Corporate Green Innovation

Abstract: Under the background of "dual-carbon" strategy, how green finance can help enterprises' green innovation and promote social transformation has become a key issue. This paper compiles the literature on green finance and enterprise green innovation at home and abroad in the form of literature review, summarizes the definition, development history and indicator measurement methods of green finance and enterprise green innovation, outlines the economic consequences of green finance and the … Read More

Research on the Present Situation, Problems and Countermeasures of Digital Transformation of Small and Medium-sized Private Enterprises

Abstract: In recent years, the digital transformation of small and medium-sized private enterprises has become one of the hot issues of academic and industrial concern. This paper first expounds the development status and existing problems of digital transformation of small and medium-sized private enterprises, then analyzes the digital transformation of small and medium-sized private enterprises by SWOT analysis and PEST analysis model, and finally puts forward some countermeasures and suggestions at the … Read More

The Impact of Digital Economy on Enterprise Radical Innovation and Its Mechanism Analysis: Based on the Empirical Data of A-Share Listed Companies

Abstract: The digital economy provides new impetus to enterprise innovation and is of great significance to the improvement of enterprise’s market competitiveness. Considering the availability of data, the article uses the data of China's A-share listed companies from 2011-2019 to explore the impact of the digital economy on radical innovation using a two-way fixed-effects model, and use mediating effect test to study its mechanism of action and study its heterogeneity. The results show that, first, the … Read More

Can Digital Transformation Foster Business Innovation: Moderating Effect based on Internationalization Openness

Abstract: Under the background of double innovation, China has vigorously promoted enterprise digital transformation. This paper takes A-share listed companies from 2012 to 2022 as a sample to empirically examine the relationship between enterprise digital transformation and enterprise innovation, and the research results show that: enterprise digital transformation can significantly and positively affect enterprise innovation; at the same time, the degree of enterprise internationalization and openness … Read More

Research on the Effect of Executive Team Heterogeneity on ESG Performance

Abstract: In recent years, the ESG performance of firms has attracted considerable attention from both academia and the practical field. Enhancing firms' ESG performance not only serves as a “wind vane” for sustainable development but also injects new vitality into the high-quality growth of China’s economy. As the core actors within the corporate power hierarchy, the heterogeneity characteristics of the executive team are significant determinants of corporate behavior and may influence firms' ESG … Read More

Study on the Influence of Live Broadcast Characteristics on Customer Value Co-Creation Behaviors: The Mediating Role of Interactive Attitudes

Abstract: Value co-creation behaviors (VCCB) are essential to promote resource integration. However, few studies have explored VCCB in the field of live e-commerce broadcasting. Therefore, this paper distinguishes the live broadcast features from the e-commerce anchor characteristics and agricultural product characteristics to explore their influence mechanisms on customer participation and citizenship behaviors, respectively. Through the questionnaire survey, 353 original data were collected for … Read More

Literature Review on Economic Effects of the RCEP

Abstract: Since the outbreak of the COVID-19 pandemic, there have been significant fluctuations in the global economy and trade, leading to a pivotal moment in the global economic system. In this context, the Regional Comprehensive Economic Partnership (RCEP) has been officially established, showing positive effects on trade activities and economic progress among its member nations. This study systematically reviews the relevant literature on RCEP and draws the following conclusions: First, RCEP was … Read More

The Impact of Vertical Fiscal Asymmetries on the Strength of Environmental Regulations

Abstract: Deepening the financial system reform is an important part of economic high-quality development, and environmental regulation is a necessary path. Based on this, in the context of China's economic development increasingly pursuing the green transformation of the new era, this paper stands on the perspective of vertical fiscal asymmetry to explore the changes in the strength of environmental regulation. Based on the panel data of 30 provinces between 2007 and 2021, I empirically analyze the … Read More

Enterprise Digital Transformation and Misallocation of Credit Resources

Abstract: Rational allocation of resources is the way to realize the high-quality development of China's economy. This paper empirically examines the impact of enterprise digital transformation on misallocation of credit resources using Chinese A-share listed companies in Shanghai and Shenzhen from 2007 to 2022 as the research samples. Baseline regression results show that there is a significant inhibitory effect of enterprise digital transformation development on misallocation of enterprise credit … Read More

Does Digital Transformation Affect Enterprise Innovation?: Evidence from Chinese Listed Companies

Abstract: Up against mass entrepreneurship and innovation in recent years, China has vigorously promoted enterprise digital transformation. Taking Shanghai and Shenzhen A-share listed companies from 2012 to 2022 as samples, this paper empirically tests the relationship between enterprise digital transformation and enterprise innovation. The research results show that enterprise digital transformation can significantly promote enterprise innovation. Meanwhile, internal control and financing constraints of … Read More

Research on the Influence of Media Attention on Annual Stock Returns

Abstract: With the rapid development of information technology, media attention not only affects investors' information acquisition and cognition, but also further affects stock returns by changing market sentiment and corporate governance mechanisms. This paper explores the influence of media attention on the annual stock returns of enterprises and tests the robustness of enterprises’ samples with different regions and equity properties, which increases the richness of relevant literature and provides a … Read More

Common Institutional Investors’ Shareholding, Enterprise Export and Financialization of Entity Enterprises: Empirical Evidence from Listed Companies in China

Abstract: Based on the panel data of listed companies in China from 2008 to 2016, this paper conducts a theoretical analysis and empirical test on the relationship among common institutional investors’ shareholding, enterprise export, and the financialization of entity enterprises. This paper uses the fixed effect regression model to estimate and find the following results: First, enterprise exports will promote the financialization of entity enterprises; Second, holding shares by common institutional … Read More

Financial Agglomeration and Transformation of Industrial Innovation Achievements

Abstract: Finance stands as the lifeblood of the real economy, intricately interwoven with governmental factors (e.g., governance efficacy), levels of urbanization, and the reservoir of human capital. This study leverages panel data encompassing 30 provinces across China spanning from 2005 to 2020, with financial agglomeration (fin) as the focal variable. Employing the measurement framework , financial agglomeration is assessed via the location entropy of the financial sector derived from employee … Read More

Intelligent Transformation and Corporate Financialization

Abstract: Based on the data of manufacturing enterprises listed in the Shanghai and Shenzhen A-shares from 2007 to 2021, this paper empirically examines the impact of intelligent transformation on corporate financialization, its mechanisms, and the moderating effects on their relationship. The study finds that intelligent transformation has a significant negative impact on corporate financialization, namely, intelligent transformation inhibits the degree of corporate financialization. The results of the … Read More

Impact of Geographical Indications on Consumers’ Online Purchase of Fresh Agricultural Products

Abstract: Based on 257 consumer survey data, a binary logistic regression model is built to empirically test the relationship between multi-dimensional geographical indication characteristics, consumer perceived value and online purchase intention for fresh agricultural products with geographical indications. The results show that quality is the key dimension in the evaluation of geographical indications. Meanwhile, the market recognition, popularity, reputation and cultural history of geographical … Read More

Will Population Aging Attract Foreign Investment?

Abstract: Drawing on provincial panel data from China spanning 2005 to 2020, this paper investigates the impact of population aging on Foreign Direct Investment (FDI), integrating innovation levels and human capital within the analysis. Utilizing a two-way fixed effects model, a inverted U-shaped relationship between population aging and FDI inflows is identified, with spatial heterogeneity observed. Heterogeneity analysis across China's Eastern, Central, and Western regions shows that only the Eastern … Read More

Evaluating the Development Level of Digital Economies Using the Topsis Comprehensive Assessment Approach

Abstract: The digital economy, as a pivotal engine of global economic advancement, reached a valuation of 50.2 trillion yuan in China in 2022, making up 41.5% of the GDP. This research established an evaluative framework for digital economy progress featuring 1 primary indicator, 4 secondary indicators, and 17 tertiary indicators. Weights were assigned using the Analytic Hierarchy Process, and the development of the digital economy across China's 31 provincial regions in 2022 was assessed through the … Read More

Does Digital Finance Promote Business Performance of Manufacturing?

Abstract: Manufacturing is the lifeblood of China's economy, and digital finance (DF), with its broad applicability, significantly aids in improving the business performance of manufacturing industry (BPMI). Utilizing panel data from China's 30 provinces over the decade from 2011 to 2021, this paper employs a fixed-effect model to analyze the influence of DF on the BPMI. Additionally, it introduces a mediation model and a threshold model to uncover the underlying mechanisms through which DF impacts the … Read More

Does the Digital Transformation of an Organization Improve the Quality of Internal Controls?

Abstract: To explore the relationship and path mechanism between enterprise digital transformation and enterprise internal control quality, this paper selects A-share listed companies in Shanghai and Shenzhen from 2012 to 2021 as the research samples, adopts the text mining method to construct the degree of enterprise digitization metrics, empirically analyses the impact of the degree of enterprise digital transformation on the quality of enterprise internal control, and explores the path mechanism … Read More

Role Optimization and Strategic Adjustment of Procuratorial Organs in Promoting Corporate Compliance Construction from the Perspective of Environmental Pollution Crimes

Abstract: With the improvement of environmental protection awareness and the in-depth rule of law, the compliance construction of environment-related enterprises has become the focus of social attention. It is necessary to discuss the role of optimization and strategy adjustment of the procuratorial organs in promoting the construction of corporate compliance from the perspective of environmental pollution crimes. Corporate compliance and the current situation of enterprises involved in environmental … Read More

Study on the Impact of Environmental Governance Effectiveness on Public Participation in Pro-Environmental Behaviour

Abstract: In recent years, the disharmonious relationship between human beings and the natural environment has become increasingly evident,and ecological and environmental problems have become progressively more serious.Public participation in pro-environmental behaviour is an important measure for the effective protection of the ecological environment and the real realisation of harmonious coexistence between man and nature.However, few current studies on pro-environmental behaviours have analysed … Read More

Smart City Pilot Policy and Urban Productivity in China: Based on Difference-in-Differences Model

Abstract: Urban productivity is a key indicator to measure urban economic performance, which is related to the competitiveness of cities and the economic development of countries and regions. To clarify the mechanism of constructing smart cities and urban productivity, using the panel data of 284 prefecture-level cities from 2011 to 2020, this paper constructs a difference-in-differences model for empirical tests. The study found that the construction of smart cities can promote urban productivity. … Read More

Research on the Impact of Store Sales Share on Consumer Purchase Intentions in the Catering Industry

Abstract: Over the past few years, with the rapid development of the catering industry and the continuous expansion of the market, consumer demands have become increasingly diverse. For catering businesses to develop steadily amidst fierce industry competition, it is crucial to enhance store sales share and boost consumer purchase intentions. This can be achieved by grounding strategies in industry trends and the unique characteristics of the business. As consumers' material standards have risen, higher … Read More

Thinking Inertia and Path Dependence in US Chip Hegemony Strategy

Abstract: As human society steps into the digital era, the chip industry has increasingly become a strategic place for national security, economic development, scientific and technological progress, as well as global political games. Although the US has long dominated the chip industry, China's recent explosive growth in the semiconductor sector poses a serious threat to US technical superiority. Consequently, the chip race has taken center stage in the ongoing Sino-US technology rivalry. By observing the … Read More

How VC Background and Timing of Entry Become a Booster to Corporate Innovation:The Impact Path of the Capitalization of R&D Expenditure

Abstract: Venture capital background and entry timing affect the innovation behavior of firms is widely recognized. Based on the data of A-share listed companies from 2012 to 2021, this paper finds that venture capital with foreign investment background plays a more significant role in improving the innovation performance of firms. Venture capital in the initial stage and development stage can promote firm innovation to a certain extent, and the venture capital entered in the expansion period will inhibit … Read More

Research on the Training of Talents in Economic and Management in New Business Forms

Abstract: In today’s rapidly evolving new business forms, higher demands are placed on both the professional capabilities and comprehensive qualities of talents. Therefore, universities must keep pace with the times in training talents in economic and management, ensuring that the cultivated talents meet the needs of societal development. To this end, universities should closely monitor industry trends, understand the development trends of new business forms and changes in talent demands, and accordingly … Read More

Urban Planning from a City Design Perspective: Thoughts on Refined Management

Abstract: The importance of city design in urban planning and construction is self-evident. It not only carries the mission of shaping the urban image and enhancing the quality of the city but also acts as a compass for the future direction of urban development. It plays an irreplaceable role in improving the level of urban planning, meeting the demands of urban development, and adapting to the overall socio-economic development level. With the acceleration of urbanization, city design is no longer a … Read More

Research on the Path of Digital Rural Construction Boosting Rural Revitalization

Abstract: This article delves into the significant role of digital rural construction in the path of rural revitalization. Through analyzing the practical applications of digital rural construction, the article elaborates on the specific applications of intelligent agricultural equipment, precision agriculture, agricultural big data, and other technologies in improving agricultural production efficiency, expanding agricultural product markets, and strengthening rural governance and social services. This … Read More

Study on the Coupling Coordination and Driving Factors of Provincial Digital Economy and High Quality Development of Tourism Industry

Abstract: With the rapid progress of information technology, unprecedented changes have been brought to various industries. As an important component of the national economy, the tourism industry has become increasingly closely coupled and coordinated with the digital economy in its development. This article aims to analyze the coupling and coordination relationship between the provincial digital economy and the high-quality development of the tourism industry, reveal the inherent correlation and … Read More

Research on the Innovation Path of Enterprise Management Models in the Era of Big Data

Abstract: In the context of the big data era, various new technologies have been widely applied, bringing new opportunities and challenges to business development. To develop steadily in fierce competition, enterprises must keep pace with the times and innovate based on traditional management models. Big data, characterized by its large volume, diverse types, fast processing speed, and low value density, has become a crucial engine for business development. It enables enterprises to precisely grasp market … Read More

Integrity Culture and Socio-economic Development Interactions and Synergies

Abstract: As a core element of social ethics and institutions, the culture of integrity has a profound impact on social and economic development. It directly promotes steady economic growth and social harmony and stability by improving the efficiency of government governance, optimising resource allocation and enhancing social trust. The existence and promotion of a culture of integrity can reduce corruption, ensure the rational use of public resources, create a market environment of fair competition, … Read More

The Impact of Executive Team's Academic Background on Corporate ESG Performance

Abstract: The ESG (Environmental, Social, and Governance) has become a significant metric for assessing a company's long-term value and its capacity for sustainable development. This study examines the impact of executive team academic backgrounds on corporate ESG performance using data from 26,400 China's A-share listed firms from 2008 to 2022. The findings reveal a positive correlation between the academic background of the executive team and corporate ESG performance. The enhancing effect of the … Read More
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