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A Study on the Effect of Credit Agreement Violation on the Independence of Board of Directors 信用协议违约对董事会独立性的影响研究
The 2021 12th International Conference on E-business, Management and Economics Pub Date : 2021-07-17 DOI: 10.1145/3481127.3481255
Cuifeng Wu, Yu-Ko Huang
{"title":"A Study on the Effect of Credit Agreement Violation on the Independence of Board of Directors","authors":"Cuifeng Wu, Yu-Ko Huang","doi":"10.1145/3481127.3481255","DOIUrl":"https://doi.org/10.1145/3481127.3481255","url":null,"abstract":"The number of listed companies that defaulted on their bonds rose rapidly in recent years. Under the background of the sharp increase of bond defaults in China, this paper wants to study the influence of bond defaults on the independence of the board. The empirical results show that the relationship between the bond default events and the number of independent directors is significantly positive. This means that bond default will increase the number of independent directors in the board. The increasing number of new independent directors can improve the quality of the listed company's financial report, can optimize the governance structure and protect the company shareholders’ rights and interests.","PeriodicalId":115326,"journal":{"name":"The 2021 12th International Conference on E-business, Management and Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131046005","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 the problems and countermeasures of China's rural medical system from the perspective of economics 经济学视角下中国农村医疗制度存在的问题及对策研究
The 2021 12th International Conference on E-business, Management and Economics Pub Date : 2021-07-17 DOI: 10.1145/3481127.3481179
Xinyi Wang, Jichen Rao, Hao Zhou
{"title":"Research on the problems and countermeasures of China's rural medical system from the perspective of economics","authors":"Xinyi Wang, Jichen Rao, Hao Zhou","doi":"10.1145/3481127.3481179","DOIUrl":"https://doi.org/10.1145/3481127.3481179","url":null,"abstract":"China has formulated policies and invested heavily to construct a highly efficient rural medical care system in order to close the gap in line with urban system as well as reduce the burden of the rural system. Nevertheless, rural medical care quality is still substandard and difficult to catch up with the urban medical quality for a variety of reasons. Such continuous inconsistency between urban and rural medical service quality is an urgent and extremely important problem for China, which is actively developing and pursuing a well-off society in an all-round way. Therefore, it is very necessary and urgent to study the root causes or main causes that lead to the gap between urban and rural medical care, and also provide a direction for professionals to put forward solutions. For the sake of investigating the reasons and putting forward targeted solutions, an empirical study based on quantitative research methods and questionnaire survey is presented. The research analysis focus on the three basic factors: the quantity of basic medical equipment; the number of medical staff; the professional quality of the medical personnel. The result proves that: First is personnel factor. On one hand, necessary medical treatment cannot be obtained due to the insufficient supply for health technician in rural areas, which lead to delayed treatment; On the other hand, as for the personnel capacity, most doctor in rural area fail to have qualified capability which means patients lack of efficient and professional treatment and even get worse for the inappropriate treatment. Second is the capital resource. Proper treatment hasn't been taken for all patients on account of the scarce medical resources so that patients cannot be guaranteed timely treatment when needed. These results expanded the theoretical research on rural medical system in a certain extent and provides the Chinese government with solid advice on polices setting in practice.","PeriodicalId":115326,"journal":{"name":"The 2021 12th International Conference on E-business, Management and Economics","volume":"1690 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129390148","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
Construction of China's Financial Condition Index and Analysis of Market Early Warning 中国财务状况指数构建与市场预警分析
The 2021 12th International Conference on E-business, Management and Economics Pub Date : 2021-07-17 DOI: 10.1145/3481127.3481173
Yu E Tian
{"title":"Construction of China's Financial Condition Index and Analysis of Market Early Warning","authors":"Yu E Tian","doi":"10.1145/3481127.3481173","DOIUrl":"https://doi.org/10.1145/3481127.3481173","url":null,"abstract":"China has been facing a tense financial situation in recent years, the construction of financial condition index (CFCI), as an index integrating multivariate information, is of great practical significance to China's financial market for a promising forecast effect on macro economy. Most of the existing studies use similar six or seven indicators to construct financial condition index, which can't fully and accurately play its guiding role. This paper selects 15 indexes of 7 markets that affect the financial situation and constructs China's financial condition index by using dynamic factor model and Kalman filtering to complete the missing value. Furthermore, we utilize the time-varying parameter vector autoregressive model to explain how the change of financial condition index affects the macro-economy and analyze the fluctuation of different markets have caused to financial market which is of great significance for better monitoring and effective policy-making of China's financial market.","PeriodicalId":115326,"journal":{"name":"The 2021 12th International Conference on E-business, Management and Economics","volume":"2641 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121745121","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
Research on the Influence of Internet Privacy Setting Structure on User Privacy Decision 网络隐私设置结构对用户隐私决策的影响研究
The 2021 12th International Conference on E-business, Management and Economics Pub Date : 2021-07-17 DOI: 10.1145/3481127.3481176
Shulin Tang, Zhikai Song, Qiujie Wang
{"title":"Research on the Influence of Internet Privacy Setting Structure on User Privacy Decision","authors":"Shulin Tang, Zhikai Song, Qiujie Wang","doi":"10.1145/3481127.3481176","DOIUrl":"https://doi.org/10.1145/3481127.3481176","url":null,"abstract":"In order to study the influence mechanism of Internet setting structure on user privacy decisions, this paper puts forward some suggestions on the structure of Internet application enterprise privacy policy setting. Methods: Based on the theoretical model of planning behavior, this study constructs a theoretical model of the influence of Internet privacy structure setting on user privacy decisions. Research shows that the privacy audience setting can influence the privacy decision of the user indirectly through the perception control, but also indirectly through the subjective norm.","PeriodicalId":115326,"journal":{"name":"The 2021 12th International Conference on E-business, Management and Economics","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115163153","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 the Level of Economic Comprehensive Development in Central and Western Regions of China 中国中西部地区经济综合发展水平研究
The 2021 12th International Conference on E-business, Management and Economics Pub Date : 2021-07-17 DOI: 10.1145/3481127.3481232
Hao Li, Shuliang Liu
{"title":"Research on the Level of Economic Comprehensive Development in Central and Western Regions of China","authors":"Hao Li, Shuliang Liu","doi":"10.1145/3481127.3481232","DOIUrl":"https://doi.org/10.1145/3481127.3481232","url":null,"abstract":"Taking 11 provinces in central and western regions of China as the research object, this paper constructs TOPSIS index comprehensive evaluation system based on entropy weight method from five aspects of economic aggregate, economic structure, economic vitality, development potential and people's living standard of each province. The results show that there are inequality and imbalance in the economic development of the central and western regions. On the whole, the comprehensive economic development level of the provinces in central of China is more advantageous than that of the western regions. However, in terms of development prospect, both the central and western regions have certain economic potential and further development space that can be deeply developed.","PeriodicalId":115326,"journal":{"name":"The 2021 12th International Conference on E-business, Management and Economics","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124245250","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
The Effect of CEO Power on Corporate Debt Financing Costs: Integrating of Agency Theory and Stewardship Theory CEO权力对企业债务融资成本的影响:代理理论与管理理论的整合
The 2021 12th International Conference on E-business, Management and Economics Pub Date : 2021-07-17 DOI: 10.1145/3481127.3481128
Haofan Wang
{"title":"The Effect of CEO Power on Corporate Debt Financing Costs: Integrating of Agency Theory and Stewardship Theory","authors":"Haofan Wang","doi":"10.1145/3481127.3481128","DOIUrl":"https://doi.org/10.1145/3481127.3481128","url":null,"abstract":"This paper assesses the impact of Chief Executive Officer (CEO) power on corporate debt financing cost. Thus far, most studies have addressed the relationship between CEO power and debt financing from the agency theory, while fewer have applied the stewardship theory. In this paper, we apply both theories to analyze CEO power in terms of the debt financing cost data from a sample of A-share listed companies in China from 2008 to 2019. I found a significantly negative correlation between CEO power and corporate debt financing cost. This was mainly attributed to the structure power of CEO affected by the board, to the ownership power created by shareholding, and to the prestige power produced by higher education. I also found that either CEOs’ financial background or the companies’ high-quality audits could strengthen this negative correlation. These research findings provide some support for stewardship theory and agency theory.","PeriodicalId":115326,"journal":{"name":"The 2021 12th International Conference on E-business, Management and Economics","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133825104","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 the Impact of Covid-19 to the Clothing Industry based on Fama-French Model 基于Fama-French模型的新冠肺炎疫情对服装行业影响研究
The 2021 12th International Conference on E-business, Management and Economics Pub Date : 2021-07-17 DOI: 10.1145/3481127.3481164
Ruofan Shi, Dongchen Li
{"title":"Research on the Impact of Covid-19 to the Clothing Industry based on Fama-French Model","authors":"Ruofan Shi, Dongchen Li","doi":"10.1145/3481127.3481164","DOIUrl":"https://doi.org/10.1145/3481127.3481164","url":null,"abstract":"During the Covid-19 pandemic period, the U.S. government and the Federal Reserve started a radical monetary simulation plan to save the economy. The current capital market experiences more fluctuation and are more unpredictable. Capital asset pricing tools are more important at such a special time. This article uses the Fama-French five-factor Model and analyzes the clothing industry in the United States from July 2019 to November 2020, separating into pre and post pandemic periods. The regression analysis performed contains five coefficient factors, and each corresponds to a specific property of the clothing industry after Covid-19 emerged. The market factor indicates that the clothing industry is negatively affected by the pandemic. SMB shows that small businesses are more favorable to investors. HML indicates that value stocks are more preferred. RMW shows that investors tend to look for companies with higher profitability, whereas CMA indicates a minimal change to the clothing industry. It is recommended that more attention should be paid to the companies with small-cap, high BM ratio and stable profitability.","PeriodicalId":115326,"journal":{"name":"The 2021 12th International Conference on E-business, Management and Economics","volume":"482 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133929905","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
Compulsory Citizenship Behavior leads to Counterproductive Work Behavior: A Multiple Mediation Path 强制性公民行为导致反生产行为:一个多重中介路径
The 2021 12th International Conference on E-business, Management and Economics Pub Date : 2021-07-17 DOI: 10.1145/3481127.3481191
Liying. Su, Yiwen Chen, Yiping Li
{"title":"Compulsory Citizenship Behavior leads to Counterproductive Work Behavior: A Multiple Mediation Path","authors":"Liying. Su, Yiwen Chen, Yiping Li","doi":"10.1145/3481127.3481191","DOIUrl":"https://doi.org/10.1145/3481127.3481191","url":null,"abstract":"Based on the theory of social exchange and the theory of conservation of resources, this research discusses the mechanism between compulsory citizenship behavior and counterproductive behavior, and studies the roles of emotional exhaustion, moral disengagement and employee silence in the relationship between them. Based on the effective sample data of 525 employees in manufacturing enterprises, structural equation model and Bootstrap method were used to test the sample data. The results show that there is a significant positive correlation between compulsory citizenship behavior and counterproductive behavior. Emotional exhaustion, moral disengagement and employee silence played a chain mediating role in the relationship between the two.","PeriodicalId":115326,"journal":{"name":"The 2021 12th International Conference on E-business, Management and Economics","volume":"172 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134071224","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: 4
Research on regional standardization cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area 粤港澳大湾区区域标准化合作研究
The 2021 12th International Conference on E-business, Management and Economics Pub Date : 2021-07-17 DOI: 10.1145/3481127.3481205
G. Hu, Junhua Chen
{"title":"Research on regional standardization cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area","authors":"G. Hu, Junhua Chen","doi":"10.1145/3481127.3481205","DOIUrl":"https://doi.org/10.1145/3481127.3481205","url":null,"abstract":"The role of standardization has undergone a process from basic to macroscopic development, which has a great impact on technological innovation, industrial development, social governance and international trade. As a strategic measure of great significance to China, the construction of Guangdong-Hong Kong-Macao Greater Bay Area has broad prospects for standardization cooperation, which needs to be studied systematically and comprehensively. This article studies the basis and problems of standardization cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area, and discusses the direction of standard system construction and the measures that need to be taken.","PeriodicalId":115326,"journal":{"name":"The 2021 12th International Conference on E-business, Management and Economics","volume":"2011 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127368609","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
The Relationship Between Perceived Environmental Uncertainty and Environmental Scanning Behavior Among College Students-the Moderating Effect of Perceived Information Accessibility 大学生感知环境不确定性与环境扫描行为的关系——感知信息可及性的调节作用
The 2021 12th International Conference on E-business, Management and Economics Pub Date : 2021-07-17 DOI: 10.1145/3481127.3481166
Jing Zhao
{"title":"The Relationship Between Perceived Environmental Uncertainty and Environmental Scanning Behavior Among College Students-the Moderating Effect of Perceived Information Accessibility","authors":"Jing Zhao","doi":"10.1145/3481127.3481166","DOIUrl":"https://doi.org/10.1145/3481127.3481166","url":null,"abstract":"The cultivation of innovative talents has become more and more important in a highly uncertain environment. Environmental scanning is one of the key processes that enables college students to precisely perceive environment, gain high-quality information with flexibility, which will contribute to higher innovation ability and employment quality. This study applied questionnaire surveys and multivariate linear regression analysis to investigate environmental scanning behavior of Chinese college students. In this paper, we not only verified the relationship between perceived environmental uncertainty and environmental scanning, the moderating effect of the perceived information accessibility, but also analyzed the different perception and coping behaviors of college students in task environment and general environment. Finally, we offered theoretical contribution and practical implications on the cultivation of innovative talents in universities.","PeriodicalId":115326,"journal":{"name":"The 2021 12th International Conference on E-business, Management and Economics","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125058630","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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