Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)最新文献_第2页

Analysis on Factors Affecting Life Insurance Demand in China 中国寿险需求影响因素分析

Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) Pub Date : 1900-01-01 DOI: 10.2991/assehr.k.211209.035

Yufei Li

引用次数: 0

Do Hedge Funds Hedge in Recent 20 Years? 对冲基金在近20年做对冲吗?

Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) Pub Date : 1900-01-01 DOI: 10.2991/assehr.k.211209.056

Boya Di, Shuming Zhao, Yuting Lei, Zhihao Ke, Gaohao Zhu, Ziyuan Kang

引用次数: 0

Entry Point for China’s Climate Policy 中国气候政策的切入点

Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) Pub Date : 1900-01-01 DOI: 10.2991/assehr.k.211209.005

Yunchen Li, Zhongyue Li, Jianing Zhou

引用次数: 0

The Ethical Dilemma for Ele.Me 《饿了么》的伦理困境我

Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) Pub Date : 1900-01-01 DOI: 10.2991/assehr.k.211209.140

Yu Dong, Fuyun Li, Yuanhui Li, Yongqin Xie, Diyue Zhu

引用次数: 0

Research on the Choice of Enterprise Value Investment under the COVID-19 Epidemic: A Case Study of Chinese Liquor Industry 新冠肺炎疫情下企业价值投资选择研究——以我国白酒行业为例

Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) Pub Date : 1900-01-01 DOI: 10.2991/assehr.k.211209.161

Zhendong Huang, Han Xiao, S. Xu

引用次数: 1

Analysis of Financial Statements During COVID-19 from the Perspective of Managers——Case Study Based on TME 管理者视角下的新冠肺炎期间财务报表分析——基于TME的案例研究

Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) Pub Date : 1900-01-01 DOI: 10.2991/assehr.k.211209.119

Qi-an Chen

引用次数: 0

Evidences and Explanations for the Momentum Effect in the World: A Literature Review 世界动量效应的证据与解释:文献综述

Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) Pub Date : 1900-01-01 DOI: 10.2991/assehr.k.211209.273

Yueqi Li, Xianzi Wang, Zhensheng Zeng

{"title":"Evidences and Explanations for the Momentum Effect in the World: A Literature Review","authors":"Yueqi Li, Xianzi Wang, Zhensheng Zeng","doi":"10.2991/assehr.k.211209.273","DOIUrl":"https://doi.org/10.2991/assehr.k.211209.273","url":null,"abstract":"Momentum effect is a common phenomenon in stock markets. This study reviews a few literatures to investigate the evidences of momentum effect and its rational explanations in the stock markets worldwide. Based on our analysis, evidences for momentum effect are summarized and categorized. It is concluded that momentum effect differs in different countries and regions. Specifically, time scales for the phenomenon in non-Asian countries are significantly longer than those in Asian countries. In terms of explanations for the momentum effect, existing theories can be divided into three genres: traditional finance based on a risk-return framework, behavioral finance stretched from prospect theory, as well as non-behavioral finance correlated. Our findings show that risk-based analysis in traditional finance cannot fully explain the momentum effect. Positive feedback mode, overreaction and underreaction characterized by anchoring effect and disposition biases will offer much more reasonable explanations for the momentum effect in different perspectives under behavioral finance framework. In reality, market states and other conditional exogenous factors (e.g., non-behavioral) sector sometimes make sense. These results make a vivid glimpse of momentum effect and shed light for researchers to get a profound insight into the core of stock market.","PeriodicalId":322864,"journal":{"name":"Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125294862","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 Huawei’s Competitive Situation 华为竞争态势研究

Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) Pub Date : 1900-01-01 DOI: 10.2991/assehr.k.211209.185

Shuwei Zhang

引用次数: 0

Influence of Communication and Motivation to Team Innovation 沟通与动机对团队创新的影响

Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) Pub Date : 1900-01-01 DOI: 10.2991/assehr.k.211209.510

Lei Qian

引用次数: 0

An Empirical Study on the Impact of Policy on Stock Volatility of Construction Materials 政策对建筑材料库存波动影响的实证研究

Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) Pub Date : 1900-01-01 DOI: 10.2991/assehr.k.211209.551

Y. Long

{"title":"An Empirical Study on the Impact of Policy on Stock Volatility of Construction Materials","authors":"Y. Long","doi":"10.2991/assehr.k.211209.551","DOIUrl":"https://doi.org/10.2991/assehr.k.211209.551","url":null,"abstract":"In recent years, China’s traditional manufacturing industry has been facing a situation of transformation, resulting in frequent fluctuations in its stock prices. As a representative of the traditional manufacturing industry, the stock prices of the Construction Materials industry are often linked with policies. Therefore, it is essential to explore how policies affect the Construction Materials stocks. In this paper, the Iterative Cumulative Sums of Squares (ICSS) method is used to examine the daily rate of return of the CNI Construction Materials index between January 2015 and July 2021 to find the structural breakpoints. Then compare the effects of different policies according to the characteristics of stock volatility based on the Garch model with dummy variables and connect it with related policies. Besides, the CNI coal index and Real Estate index are introduced into the ADL regression model to explore the influence of other industrial policies on the Construction Materials industry. The results show that, firstly, energy conservation and green supervision to eliminate enterprises with backward production capacity can effectively reduce Construction Materials stocks' volatility. Second, the persistence of stock price fluctuations in the Construction Materials industry is significantly related to the abrupt changes caused by policies. Third, boosting the real estate price can increase the stock price of Construction Materials but increase the volatility, while raising the coal price forces the Construction Materials industry to transform to clean energy, and energy-saving is conducive to the steady growth of the stock price.","PeriodicalId":322864,"journal":{"name":"Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)","volume":"214 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122380673","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