{"title":"Value Investment Analysis in US Fashion Industry Using Financial Tools","authors":"Baizeng Li","doi":"10.1109/ICEMME49371.2019.00010","DOIUrl":"https://doi.org/10.1109/ICEMME49371.2019.00010","url":null,"abstract":"In order to better understand the investment value trend of the fashion industry, this paper uses the PE/PB/PEG ratios to conduct value investment analysis. Combining the situation of the top three luxury products companies, Tapestry, Inc. (TPR), PVH Corp. (PVH) and Ralph Lauren (RL), in the fashion industry in the United States, it conducts data analysis to provide reference for the next year's value investment.","PeriodicalId":122910,"journal":{"name":"2019 International Conference on Economic Management and Model Engineering (ICEMME)","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116643128","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}
{"title":"Time - Frequency Analysis of Baltic Bry Index Based on ARMA Model","authors":"Shangcong Yang, Yanpeng Zhou, Xiao Xiao, Shi-xun Liu, Jia Wen Liang, WenXiang He, Yaliang Wang","doi":"10.1109/ICEMME49371.2019.00063","DOIUrl":"https://doi.org/10.1109/ICEMME49371.2019.00063","url":null,"abstract":"This paper reviews the value of BDI over the past 20 years and analyzes the volatility, average, and magnitude of BDI, and further analyses the value change of BDI based on world economic growth rates. Using the econometric method, the BDI trading day data of nearly 20 years is selected as the model sample, and the ARMA model is established based on the sequence distribution with different daily yields, and the trend of BDI is statically predicted. Finally, based on the above model, the recommendations for investment and operation in the international shipping market are summarized.","PeriodicalId":122910,"journal":{"name":"2019 International Conference on Economic Management and Model Engineering (ICEMME)","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117120281","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}
{"title":"The Impact of FDI on Technological Efficiency of Natural Monopoly Industry in China","authors":"Jin-zhe Huang, Dan Chen, Song-nian Hu","doi":"10.1109/ICEMME49371.2019.00023","DOIUrl":"https://doi.org/10.1109/ICEMME49371.2019.00023","url":null,"abstract":"Objective As one of the countries that have joined WTO, China has made a promise to the world in the WTO that it will gradually relax the rules and regulations of telecommunications and other industries within a certain period of time in the future, and allow foreign businessmen to enter these fields. This decision has led to a large number of FDI entering some domestic natural monopoly industries. This paper aims to study the impact of the introduction of these FDI on the technical efficiency of natural monopoly industries. Method In this paper, we select the A-share listed companies in transportation, warehousing, postal and power, thermal, gas and water production and supply industries, information transmission, information technology services, culture, sports and entertainment industries in 2008-2017 as the test samples for empirical analysis. Result The data analysis shows that for information transmission, information technology service industry and culture, sports and entertainment industry, the injection of foreign direct investment makes the technical efficiency of the corresponding industry companies appear negative reaction. For transportation, warehousing, postal industry and power, thermal, gas and water production and supply industries, the injection of foreign direct investment (FDI) makes the technica efficiency of corresponding industry companies appear positive promotion, but for transportation, warehousing and postal industry, positive promotion is not obvious. Conclusion It is concluded that FDI has technology spillover effects on China's monopoly industries. There are different technology spillover effects, and the spillover effects of different monopoly industries are different. Based on this, some policy suggestions for introducing FDI into different types of natural monopoly industries are put forward.","PeriodicalId":122910,"journal":{"name":"2019 International Conference on Economic Management and Model Engineering (ICEMME)","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121080271","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}
{"title":"Application of GARCH-CoVaR in Systematic Risk Measurement of Listed Insurance Companies in China","authors":"Jiaxi Wu","doi":"10.1109/ICEMME49371.2019.00105","DOIUrl":"https://doi.org/10.1109/ICEMME49371.2019.00105","url":null,"abstract":"After the subprime crisis in 2008, with the rapid development of the insurance industry and the continuous close contact with the financial market, the insurance industry and then generate systemic risk. Based on the actual situation of China's insurance industry, this paper selects the stock returns of five listed insurance companies as the object, and measures and ranks the systematic risks with GARCH-CoVaR method.","PeriodicalId":122910,"journal":{"name":"2019 International Conference on Economic Management and Model Engineering (ICEMME)","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121240283","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}
{"title":"Job Satisfaction of Inclusive Leaders and New Generation Employees A Regulated Mediation Model","authors":"Bin Yang","doi":"10.1109/ICEMME49371.2019.00065","DOIUrl":"https://doi.org/10.1109/ICEMME49371.2019.00065","url":null,"abstract":"Taking the new generation employees as the research object, the paper is to construct a mechanism of inclusive leadership, procedural justice, and work engagement affecting job satisfaction, and form a regulated mediation model. Through hierarchical regression and bootstrap analysis, the results show that inclusive leadership has a significant positive impact on job satisfaction of new generation employees; work engagement has a partial mediation role between inclusive leadership and job satisfaction; procedural justice has a positive adjustment effect in the mediation role of work engagement between inclusive leadership and job satisfaction, that is, the fairer the procedure, the stronger the positive mediating effect of inclusive leadership on job satisfaction through work engagement.","PeriodicalId":122910,"journal":{"name":"2019 International Conference on Economic Management and Model Engineering (ICEMME)","volume":"168 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121273617","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}
{"title":"Do Institutional Investors' Investigations Matter?: Empirical Study on Internal Control Quality and Audit Fees","authors":"Y. Liu","doi":"10.1109/ICEMME49371.2019.00107","DOIUrl":"https://doi.org/10.1109/ICEMME49371.2019.00107","url":null,"abstract":"The academic community has carried out a large quantity of research on institutional investors' corporate investigations and found out that they are meaningful to the corporate governance of the corporations investigated. This paper explores the relationship between institutional investors' investigations and internal control as well as audit fees of the A-share listed companies in China through OLS and finds out that the investigations conducted by institutional investors can improve the internal control quality and reduce the audit fees of the target companies.","PeriodicalId":122910,"journal":{"name":"2019 International Conference on Economic Management and Model Engineering (ICEMME)","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125877436","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}
{"title":"The Impact of Financial Leasing on Accounts Receivable: Evidence from China's Equipment Manufacturing Industry","authors":"Chengke Zhu, Yuzan Dai, Yingning Wu","doi":"10.1109/ICEMME49371.2019.00015","DOIUrl":"https://doi.org/10.1109/ICEMME49371.2019.00015","url":null,"abstract":"In this paper, we employ panel data model to discuss the determinants of accounts receivable, and mainly analyze the impact between financial leasing and accounts receivable in China's equipment manufacturing industry. We find that financial leasing has a positive significant impact on accounts receivable. Furthermore, the result also shows that the more specific the firm, the more accounts receivable it has.","PeriodicalId":122910,"journal":{"name":"2019 International Conference on Economic Management and Model Engineering (ICEMME)","volume":"49 13","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113974266","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}
{"title":"The Nature of Controlling Shareholders, Executive Compensation and Investment Efficiency: Data from Chinese Capital Markets","authors":"Ke Zhang, Seon Yoo Ji, Xujun Zhang","doi":"10.1109/ICEMME49371.2019.00117","DOIUrl":"https://doi.org/10.1109/ICEMME49371.2019.00117","url":null,"abstract":"Inefficient investment is a common phenomenon in Chinese listed companies. And the non-efficient investment behavior of non-state-owned listed companies is more than that of state-owned listed companies. Also the inefficient investment of locally controlled listed companies is more serious than that of centrally controlled listed companies. Executive monetary compensation has a significant inhibitory effect on over-investment and under-investment in listed companies. The author finds that State-owned listed companies have greater inhibitory effects than non-state-owned listed companies and the centrally controlled listed company has a greater inhibitory effect than the locally controlled listed listed company. Centrally controlled listed companies have a greater inhibitory effect on over-investment than in under-investment behavior. Equity compensation is negatively correlated with over-investment and under-investment, but the test results are not significant.","PeriodicalId":122910,"journal":{"name":"2019 International Conference on Economic Management and Model Engineering (ICEMME)","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134071504","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}
{"title":"Evolutionary Game Analysis of Green Building Promotion Mechanism Based on SD","authors":"Fei Xue, Guangli Yan, Xiaowen Zhou, Shuitai Xu","doi":"10.1109/ICEMME49371.2019.00077","DOIUrl":"https://doi.org/10.1109/ICEMME49371.2019.00077","url":null,"abstract":"Green building is an important step to realize the green transformation of China's construction industry, and is an important way to achieve the upgrading of the industrial structure of the real estate industry. The current difficult problem of promoting green buildings requires the participation of all stakeholders. Based on the evolutionary game theory, this paper establishes a three-party evolutionary game model of government, enterprises and owners, and combines system dynamics to carry out simulation analysis. Research shows that the government is the leader of green building promotion. The decision-making choice of enterprises depends largely on the government's support, and the owners are very optimistic about green buildings. In order to achieve sustainable development of green buildings, the government should strengthen supervision of enterprises, increase investment in science and technology research and development, reduce the probability of failure of enterprises, and increase the initiative and enthusiasm of enterprises.","PeriodicalId":122910,"journal":{"name":"2019 International Conference on Economic Management and Model Engineering (ICEMME)","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133940760","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}
{"title":"Empirical Study on Characteristics of Board of Directors and Corporate Performance of Private Enterprises","authors":"Yuling Zheng","doi":"10.1109/ICEMME49371.2019.00091","DOIUrl":"https://doi.org/10.1109/ICEMME49371.2019.00091","url":null,"abstract":"Based on the assumptions of influencing factors, the design and measurement of explained variables and explanatory variables, and the construction of regression model, this paper makes descriptive statistical analysis, correlation analysis and regression model analysis on 4288 data of private listed companies in China from 2013 to 2015. The results are as follows: the size of board of directors is positively related to corporate performance. The proportion of independent directors is not related to corporate performance. The frequency of annual meeting of the board of directors is positively related to the performance of the company. The combination of chairman and general manager is not related to enterprise performance. Corporate governance structure has a significant impact on corporate performance.","PeriodicalId":122910,"journal":{"name":"2019 International Conference on Economic Management and Model Engineering (ICEMME)","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133979853","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}