Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)最新文献

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Search Cost and Obfuscation Equilibrium: An Empirical Investigation 搜索成本与模糊均衡:一个实证研究
Yiyu Chen
{"title":"Search Cost and Obfuscation Equilibrium: An Empirical Investigation","authors":"Yiyu Chen","doi":"10.2991/aebmr.k.210803.022","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.022","url":null,"abstract":"Easy price search makes demand tremendously price-sensitive. However, merchants’ obfuscation strategy can hinder consumers from searching, thus greatly reducing their price sensitivity to other products. This paper presents an empirical examination of how obfuscation strategy affects consumers’ purchasing decisions. The author improves the model proposed by Glenn Ellison and Sara Fisher Ellison and applies the observed data from taobao.com and tmall.com to the model. This paper proves that, for some products in these two websites, the prices and the rankings can significantly affect sales volume, and for some products, merchants will adopt obfuscation strategies for low-quality products to maximize their profits.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126969185","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Research on Anti-monopoly Regulations of Internet Platforms in China and Comments on the “Anti-Monopoly Guidelines on the Platform Economy Field” 中国互联网平台反垄断法规研究及对《平台经济领域反垄断指引》的评析
Ruifei Gao, Fan Zhang
{"title":"Research on Anti-monopoly Regulations of Internet Platforms in China and Comments on the “Anti-Monopoly Guidelines on the Platform Economy Field”","authors":"Ruifei Gao, Fan Zhang","doi":"10.2991/aebmr.k.210803.028","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.028","url":null,"abstract":"Alibaba was subject to administrative penalties for implementing the \"either-or\" monopoly. The anti-monopoly regulation of the Internet platform once again attracted people's attention and heated discussions. To understand the anti-monopoly regulatory goals of the Internet platform, it is necessary to comprehensively consider the development stage of the industry, the intensity of competition, the significance of macro-legislation, and policy orientation, and build a heavy-duty regulatory model for the purpose of promoting development. However, the dynamic innovation of Internet platforms, professional algorithmic technical behaviors, and the incalculable consequences of monopolistic behaviors have created a huge challenge to the regulation of anti-monopoly laws. Although the \"Anti-Monopoly Guidelines on the Platform Economy Field\" issued an effective response, there are still problems such as weak legal binding, confusion in platform positioning, large discretionary power for the application of provisions, and loopholes in the regulation of concentration of operators, which need to be furtherly improved and implemented. The \"Anti-Monopoly Law\" and the \"Guide\" and relevant laws and regulations should be successfully undertaken and coordinated, the legislative structure should be improved, and the relevant market definition methods centered on identifying the scope of competition should be enriched. Internet platforms, third-party entities, and regulatory agencies should work together to strengthen preregulation, pay attention to post-regulation, and build a legal approach for Internet platform anti-monopoly","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126225757","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
The Influence of Debt Management on Corporate Value 债务管理对企业价值的影响
Yu Wu, Baili Yang, Liangchen Zhang
{"title":"The Influence of Debt Management on Corporate Value","authors":"Yu Wu, Baili Yang, Liangchen Zhang","doi":"10.2991/aebmr.k.210803.027","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.027","url":null,"abstract":"At present, there are some problems in the biomedical industry such as poor financing channels, capital governance structure and business risk and etc. Debt management has certain impacts on financing channels, capital structures, business risks and corporate value. On this base, this paper empirically studies the influence of debt management on the corporate value of Guangzhou Baiyunshan Pharmaceutical Group Co., Ltd. The research proves that there is a significant positive correlation between the level of debt and earnings per share, and that the level of debt affects corporate value and capital structure. The purpose of this paper is to provide reference to enterprises in the biomedical industry to solve problems caused by debt management.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"144 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133986517","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Identification and Evaluation of a Market Opportunity of Elderly Caring Service 养老服务市场机会的识别与评价
Jialan Xu
{"title":"Identification and Evaluation of a Market Opportunity of Elderly Caring Service","authors":"Jialan Xu","doi":"10.2991/aebmr.k.210803.021","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.021","url":null,"abstract":"This paper identifies a market opportunity for elderly caring service in China, and illustrates the entrepreneurial idea from the aspects of value proposition, customer segment, key resources and profit model using Timmons model of entrepreneurship. Then this paper evaluates the feasibility of this startup idea through the data gathered from the potential customers, and compares this project with other similar services to identify the advantages and competitiveness using blue ocean strategy model. It is found out that it is a huge market opportunity in this new form of elderly caring service.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133453572","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Analysis on the Current State of the Disney Economy and Sentiment Text Analysis on Customer Reviews 迪士尼经济现状分析及顾客评论情感文本分析
Siping Ren
{"title":"Analysis on the Current State of the Disney Economy and Sentiment Text Analysis on Customer Reviews","authors":"Siping Ren","doi":"10.2991/aebmr.k.210803.036","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.036","url":null,"abstract":"The first part of this paper is a data analysis of Disney's economic situation, starting with an analysis of the company's overall assets, followed by an analysis of the economic direction of the four areas under Disney, and finally an investor's perspective on Disney's development trends. The specific indicators analyzed are operating income, net income, total assets, total liabilities, earnings per share, etc. The second part is based on the word frequency statistics of the evaluation text of Disneyland by different groups of ratings, and the cloud chart can more visually show the difference of the evaluation between different groups. Disney's unique economic composition makes it quite different from traditional media companies, and exploring Disney's economic growth model has significant implications for the development of future media companies. The purpose of this paper is to improve the service through exploring the current economic situation of Disney, visualizing and analyzing the visitor evaluation of the Disney theme park, which is the largest module of Disney's business. The theme parks account for the largest share of Disney's four economic modules, but revenues in this area have been significantly affected by the epidemic; the results of the analysis of its visitor evaluations clearly point out the strengths and weaknesses of its services and serve to provide recommendations for its development.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133744649","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
The Transaction Characteristics of Forest Right Mortgage Loan and the Selection of Transaction Model 林权抵押贷款的交易特征及交易模式选择
Li Li, Heliang Huang
{"title":"The Transaction Characteristics of Forest Right Mortgage Loan and the Selection of Transaction Model","authors":"Li Li, Heliang Huang","doi":"10.2991/aebmr.k.210803.004","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.004","url":null,"abstract":"Based on the theory of transaction cost economics, this paper analyzes the transaction characteristics of forest right mortgage loans. It is found that the forest right mortgage loan transactions of small-scale rural households have the characteristics such as high asset specificity, strong uncertainty and low frequency of individual transactions. According to the principle of matching transaction characteristics with governance structure, it is deduced that the forest right mortgage loan transaction model suitable for small-scale rural households are the \"tripartite governance\" transaction model, and the choice of transaction model in practice also confirms this point. At the same time, this paper analyzes the case of \"Fulin Loan\" in Sanming City. It is found that it adopts the tripartite transaction model of \"rural households + forestry cooperatives + financial institutions\", which effectively promotes the increase in the total amount of loans of rural households and the single-family loan, and reduces the loan interest rate. The single-family loan quota increased from 55,800 yuan in 2007 to 106,000 yuan in 2019; the monthly loan interest rate was reduced from over 8‰ to 5.9‰, achieving the effect of saving transaction costs by optimizing the transaction model.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132782463","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
“Polar Silk Road” Strategy in Jilin Province Based on SWOT-AHP Methodology Against the Background of Arctic Navigation 北极航行背景下吉林省“冰上丝绸之路”战略研究——基于SWOT-AHP方法
Dan Liu, Zihao Zhang, Da-yong Zhang, Xiaopei Ma
{"title":"“Polar Silk Road” Strategy in Jilin Province Based on SWOT-AHP Methodology Against the Background of Arctic Navigation","authors":"Dan Liu, Zihao Zhang, Da-yong Zhang, Xiaopei Ma","doi":"10.2991/aebmr.k.210803.050","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.050","url":null,"abstract":"With the global warming, the Arctic sea ice is melting gradually. The overall navigation of the Arctic route is becoming possible, which has drawn widely concerned by all countries. In 2017,the \"Polar Silk Road\" has been proposed jointly by Russia and China. As one of the direct participants, it is important for Jilin Province to connect to the \"Polar Silk Road\" effectively. This paper analyzes the \"Polar Silk Road\" strategy for Jilin Province dynamically using the SWOT-AHP (Strength, Weakness, Opportunity, Threat Analysis and Analytic Hierarchy Process Analysis, a method of combining qualitative analysis with quantitative analysis) method. The results show that the implementation of \"Polar Silk Road\" strategy for Jilin Province has both external opportunities and internal advantages; the opportunity and pioneering strategy should be chosen. Thus, Jilin Province should take advantages of policy and location, and actively enhance the international cooperation.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"106 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134553007","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
The Development and Prospect of Operational Risk Measurement in China’s Commercial Banks 中国商业银行操作风险测度的发展与展望
K. Feng
{"title":"The Development and Prospect of Operational Risk Measurement in China’s Commercial Banks","authors":"K. Feng","doi":"10.2991/aebmr.k.210803.011","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.011","url":null,"abstract":"With the development of various businesses of commercial banks in China, operational risk has become one of the main risks faced by commercial banks. Meanwhile, the international management methods for operational risk of commercial banks include Basic Indicator Approach, Standardized Approach, Advanced Measurement Approach, and the latest standard measurement Approach of Basel Association. Although many metrics have been produced internationally to control the operational risk of commercial banks, the operational risk management of commercial banks in China is still relatively backward. By comparing the development of China's operational risk management with the international advanced level, it can be found that China's operational risk management still has the problems of insufficient awareness of operational risk hazards, backward operational risk management mechanism and insufficient risk loss data, etc. China's commercial banks should raise the awareness of operational risk as soon as possible, update the metrics for controlling operational risk and establish in this regard China's commercial banks should raise the awareness of operational risk as soon as possible and update the measurement methods for controlling operational risks and establish their own risk data to improve operational risk management.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125472801","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Hidden Danger Behind Financial Crisis in Emerging Markets 新兴市场金融危机背后的隐患
Shiyuan Yang
{"title":"Hidden Danger Behind Financial Crisis in Emerging Markets","authors":"Shiyuan Yang","doi":"10.2991/aebmr.k.210803.065","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.065","url":null,"abstract":"Under the circumstance of financial integration, the spillover effect of financial crisis has gradually evolved from regions to worldwide. Plus, the outbreak of Covid-19 has accelerated the social and economic polarization. In general risk management research, countries with high debt defaulting risk were more likely to be attacked by financial crisis among emerging markets. Taking Argentina and Turkey as examples, this paper uncovered that sovereign currency strength is the original cause that drives emerging markets frequently exposed to financial risk. Accordingly the author puts forward suggestions to contain the risks in post epidemic era.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130101225","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Research on Performance Commitment Agreement of Continuous M&A of Advertising Media Enterprises in China 中国广告传媒企业持续并购绩效承诺协议研究
Liangchen Zhang, Yu Wu, Chao Chen
{"title":"Research on Performance Commitment Agreement of Continuous M&A of Advertising Media Enterprises in China","authors":"Liangchen Zhang, Yu Wu, Chao Chen","doi":"10.2991/aebmr.k.210803.033","DOIUrl":"https://doi.org/10.2991/aebmr.k.210803.033","url":null,"abstract":"Due to the rapid development of advertising media industry, traditional media enterprises have to adopt M&A (mergers and acquisitions) to keep up with the speed of industry development. However, M&A, especially in a short period of time, is often accompanied by uncertain risks such as information asymmetry and difficult to predict future profits. Therefore, in order to avoid uncertainty risk, performance commitment agreement began to be widely used in media mergers and acquisitions. This paper takes the application case of Lianjian Optoelectronics to performance commitment agreement in continuous M&A, starting with short-term and shortterm performance analysis, performance commitment standard and original country. The purpose of this paper is to study the long-term and short-term impact of M&A application performance commitment agreement on company performance. The case study found that different performance compensation methods will have different effects on M&A risk, and the performance commitment agreement will greatly improve the long-term operating risk of the company.","PeriodicalId":113468,"journal":{"name":"Proceedings of the 1st International Symposium on Innovative Management and Economics (ISIME 2021)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130335358","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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