{"title":"Assessing Multiple Hypotheses for Small Firm Effect in Chinese Stock Markets: Evidence from the 2007 Pre-Global Financial Crisis","authors":"Chieh-Shuo Chen, Cheng-Yen Huang, Ling-Hsuan Cheng","doi":"10.4236/me.2023.1410067","DOIUrl":"https://doi.org/10.4236/me.2023.1410067","url":null,"abstract":"This study delves into the behavior of the small firm anomaly within China’s A-share markets, scrutinizing data from 1993 until the onset of the pre-2007 global financial crisis. Anchored in the backdrop of traditional Chinese culture, wherein substantial year-end bonuses are bestowed upon employees in honor of their diligent contributions. The culture bonus hypothesis is investigated alongside other alternative hypotheses hailing from prior research in Western contexts. The empirical findings show that the Chinese stock markets distinctly manifest a significant small firm effect exclusively during non-January months. Intriguingly, however, none of the culture bonus, tax-loss, risk mismeasurement, or different information hypotheses stand as convincing explanatory factors for the observed seasonal-size effect in the Chinese setting. Notably, this anomaly materializes in its full significance solely when the market operates within an economic expansion phase, a trend that resonates with the economic cycle hypothesis. In essence, this paper furnishes evidence underscoring a potential connection between market conditions and the behavioral patterns of investors. This underscores the intricate interplay between macroeconomic dynamics and individual decision-making within the realm of investment.","PeriodicalId":32924,"journal":{"name":"Research on Enterprise in Modern Economy Theory and Practice","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135838130","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 Cheap Side of Social Capital","authors":"L. Robison","doi":"10.4236/me.2023.144028","DOIUrl":"https://doi.org/10.4236/me.2023.144028","url":null,"abstract":"","PeriodicalId":32924,"journal":{"name":"Research on Enterprise in Modern Economy Theory and Practice","volume":"76 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77394139","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}
Vinicius Dezem, Renard Pereira Martins, M. Macedo, Marlise There Dias, Débora Cardoso da Silva
{"title":"Integrative Review of International Publications about Open Banking","authors":"Vinicius Dezem, Renard Pereira Martins, M. Macedo, Marlise There Dias, Débora Cardoso da Silva","doi":"10.4236/me.2023.135030","DOIUrl":"https://doi.org/10.4236/me.2023.135030","url":null,"abstract":"","PeriodicalId":32924,"journal":{"name":"Research on Enterprise in Modern Economy Theory and Practice","volume":"62 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79975070","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":"Involuntary Unemployment and Micro-Foundations for Inflexible Aggregate Investment in Diamond-Type Overlapping Generations Models","authors":"Karl Farmer","doi":"10.4236/me.2023.144026","DOIUrl":"https://doi.org/10.4236/me.2023.144026","url":null,"abstract":"","PeriodicalId":32924,"journal":{"name":"Research on Enterprise in Modern Economy Theory and Practice","volume":"14 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83002605","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":"Determinants of Foreign Direct Investment Flows to Africa: A Dynamic Panel Data Analysis","authors":"Oreoluwa O. Atobatele","doi":"10.4236/me.2023.146046","DOIUrl":"https://doi.org/10.4236/me.2023.146046","url":null,"abstract":"","PeriodicalId":32924,"journal":{"name":"Research on Enterprise in Modern Economy Theory and Practice","volume":"1914 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86533226","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":"A Study on the Impact of Financial Technology on Medium, Small and Micro Enterprises in China","authors":"Jiaxiao Chao, Zhibin Tao","doi":"10.4236/me.2023.145032","DOIUrl":"https://doi.org/10.4236/me.2023.145032","url":null,"abstract":"","PeriodicalId":32924,"journal":{"name":"Research on Enterprise in Modern Economy Theory and Practice","volume":"18 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85098498","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":"Will the EU Policy of the Increasing Interest Rate Be Able to Reduce Inflation? Do We Need Keynes to Win the Battle against the 2023-2029 Continuing Depression?","authors":"Alexandros M. Goulielmos","doi":"10.4236/me.2023.149063","DOIUrl":"https://doi.org/10.4236/me.2023.149063","url":null,"abstract":"The paper used four models of Keynes (1936), Hicks (1937), Solow-Swan (1956) and Temin-Vines (2014) to estimate mainly the end result of the rising EU interest rate. We rejected for nowadays both the sticky money wages and prices prevailed at Keynes’ time, but we had to show Keynes’… shifting equilibrium. We also rejected the possibility of crowding-out. We provided an analysis clearing-out the exact triple role of the interest rate. We expressed our dissatisfaction about the way the above models treated, or ignored, the important role of depreciation and of embodied technical progress! Reference has been made to GFC, the COVID-19, and the Energy crisis. The GFC in fact did the job—that could devaluation do of the Euro—and even better.","PeriodicalId":32924,"journal":{"name":"Research on Enterprise in Modern Economy Theory and Practice","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135440876","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":"Advancing Managerial Evolution and Resource Management in Contemporary Business Landscapes","authors":"Uri Porath","doi":"10.4236/me.2023.1410072","DOIUrl":"https://doi.org/10.4236/me.2023.1410072","url":null,"abstract":"This paper examines the evolution of managerial roles in contemporary organizations, aiming to shed light on the changing dynamics in leadership and resource management. We employ a mixed-methods approach, incorporating qualitative interviews with industry experts and quantitative analysis of organizational data. The findings reveal a profound shift in the traditional hierarchies of management, as organizations adapt to the demands of the digital age. The emergence of agile and networked leadership structures is identified as a key trend, allowing for greater flexibility and responsiveness. One notable finding is the critical role of digital transformation in shaping these changes. Organizations that effectively embrace digital technologies gain a competitive edge by optimizing resource allocation and enabling more efficient decision-making. However, navigating the challenges posed by globalization remains a concern, as organizations must strike a balance between centralized control and localized adaptation. This study contributes to the existing body of knowledge by offering empirical evidence of the transformational processes occurring in contemporary organizations. Our research not only underscores the significance of technological adaptation but also emphasizes the importance of nurturing a culture that fosters innovation and resilience. In conclusion, this research advances our understanding of managerial evolution in the digital era, providing insights for organizations seeking to thrive in this rapidly changing landscape.","PeriodicalId":32924,"journal":{"name":"Research on Enterprise in Modern Economy Theory and Practice","volume":"53 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136367803","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":"Foreign Investment in China’s Agriculture Sector: Problems and Strategies","authors":"Yu-sun Lu, Diliqina Aikebaier, Yan Han","doi":"10.4236/me.2023.146045","DOIUrl":"https://doi.org/10.4236/me.2023.146045","url":null,"abstract":"","PeriodicalId":32924,"journal":{"name":"Research on Enterprise in Modern Economy Theory and Practice","volume":"47 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72495111","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}
B.R.C. Terra, Leonardo Lehnemann, D. Resende, J. Almeida, R. Gouvea
{"title":"Brics & Entrepreneurial Universities: A Brazilian Perspective","authors":"B.R.C. Terra, Leonardo Lehnemann, D. Resende, J. Almeida, R. Gouvea","doi":"10.4236/me.2023.146043","DOIUrl":"https://doi.org/10.4236/me.2023.146043","url":null,"abstract":"","PeriodicalId":32924,"journal":{"name":"Research on Enterprise in Modern Economy Theory and Practice","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81181598","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}