Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)最新文献

Research on Supply Chain Finance Driven by Blockchain 区块链驱动下的供应链金融研究

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) Pub Date : 2022-01-01 DOI: 10.2991/aebmr.k.220307.258

Rong Li, Weiying Peng, Zhiyuan Zhou

引用次数: 0

Does FinTech Promote the Profitability of Real Enterprises in China? 金融科技是否促进了中国实体企业的盈利?

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) Pub Date : 1900-01-01 DOI: 10.2991/aebmr.k.220307.004

Jiali Yan

引用次数: 0

An Overview on Private Equity Leveraged Buyouts 私募股权杠杆收购概述

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) Pub Date : 1900-01-01 DOI: 10.2991/aebmr.k.220307.336

Nuofangzhou Chen, Keren Wang

{"title":"An Overview on Private Equity Leveraged Buyouts","authors":"Nuofangzhou Chen, Keren Wang","doi":"10.2991/aebmr.k.220307.336","DOIUrl":"https://doi.org/10.2991/aebmr.k.220307.336","url":null,"abstract":"It has been over three decades since Jensen brought up the new form of ownership in private equity, today, private equity plays a significant role in financial markets. Moreover, private equity and other forms of firms offer different impacts on the whole economy as well as financial markets. To begin with, we provide an overview of the development of private equity as well as leveraged buyouts (LBO). Furthermore, we summarize and give a further analysis about the three key factors of private equity: management fee issues, taxation issues, and the role in society are included. We realize that private equity fees show little sensitivity to both internal and external factors. On the taxation side, the main argument focuses on whether the original tax rules are the primary cause that led to the “tax tunnelling”. On the economic side, LBO has influences on employment rate and wage level. Overall, by the advancement of society, people start to realize the significant character private equity plays in the economy, and private equity itself occupies a decisive position in the operation of firms, yet there are unsolved issues and arguments about private equity and LBO, specifically, how the operation of private equity effect itself (fees, taxes, etc.) and exogenous factors, we provide the possibilities for further research at the end of the paper.","PeriodicalId":333050,"journal":{"name":"Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)","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":"115375752","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 Characteristics, Development and Decline of Home Bias 家乡偏见的特征、发展与衰落研究

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) Pub Date : 1900-01-01 DOI: 10.2991/aebmr.k.220307.252

Haimo Liu

引用次数: 0

Research on Development Mode and Path of Eco-sports Tourism in Southwest China under the Concept of “Two Mountains Theory” “两座山”理念下的西南生态体育旅游发展模式与路径研究

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) Pub Date : 1900-01-01 DOI: 10.2991/aebmr.k.220307.514

Tao Xuesheng, Liu Jian

{"title":"Research on Development Mode and Path of Eco-sports Tourism in Southwest China under the Concept of “Two Mountains Theory”","authors":"Tao Xuesheng, Liu Jian","doi":"10.2991/aebmr.k.220307.514","DOIUrl":"https://doi.org/10.2991/aebmr.k.220307.514","url":null,"abstract":"Lucid waters and lush mountains are invaluable assets. Since the 18th CPC National Congress, China has always adhered to the concept of \"two mountains theory\", comprehensively promoted the sustainable development of green economy and the construction of ecological civilization, and provided fundamental guidance for Revitalizing Villages and realizing common prosperity. The \"two mountains theory\" condenses Chinese wisdom. It is not only the concept of ecological civilization of socialism with Chinese characteristics, but also the ecological ethics of respecting, conforming to and protecting nature. Rich and unique sports tourism resources are bred in southwest ethnic areas of China. It is a rare area where national sports culture and natural scenery are perfectly combined. It has great potential for the development of sports tourism and has laid a solid foundation for the development of sports tourism. At present, the \"two mountains theory\" has become the basic principle of domestic economic development and ecological protection, which provides a unique development model and important practical path for building sports tourism with national characteristics and promoting the construction of ecological civilization in Southwest China. In view of the guidance of the concept of \"two mountains theory\", this paper will collect, sort out and summarize the literature on the green development of ecological sports tourism in Southwest China through the literature method, and analyze the innovative advantages and rich characteristics of the practice path of the development model of ecological sports tourism under the harmonious coexistence between man and nature. Combined with the potential energy transformation of green ecological resources, this paper discusses the practical impact of the humanistic environment in Southwest China on the development of ecological sports tourism under the concept of \"two mountains theory\".","PeriodicalId":333050,"journal":{"name":"Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)","volume":"52 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":"117129873","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

Empirical Analysis on the Applicability of Two Capital Asset Pricing Models to New Energy Vehicle Stocks 两种资本资产定价模型对新能源汽车股票适用性的实证分析

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) Pub Date : 1900-01-01 DOI: 10.2991/aebmr.k.220307.214

Yunfei Wu, Heng Xiao

{"title":"Empirical Analysis on the Applicability of Two Capital Asset Pricing Models to New Energy Vehicle Stocks","authors":"Yunfei Wu, Heng Xiao","doi":"10.2991/aebmr.k.220307.214","DOIUrl":"https://doi.org/10.2991/aebmr.k.220307.214","url":null,"abstract":"For the policies of many countries aimed at controlling carbon dioxide emissions, the new energy vehicle industry has developed rapidly. However, after the impact of COVID-19, many industries have been cleared out of the national list and the new energy vehicle industry has been left behind, and a large number of national funds have been used for new energy vehicles. As a new and special industry, the stock of new energy vehicles may differ the overall a-share market shares from the applicability of asset pricing model. This paper conducts an empirical analysis on the applicability of CAPM model and Fama-French three-factor model in the stock market of new energy vehicle industry. The study found that the three-factor model's applicability is better than the CAPM model, and scale factor and book-to-value ratio factor have a certain reference significance, while market factor still has good reference significance, which amount of variation is greater than the rate of yield. In addition, in China's new energy vehicle stocks, there is a small-scale effect, and the medium and high book value ratio of stocks show a certain book value ratio benefit.","PeriodicalId":333050,"journal":{"name":"Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)","volume":"30 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":"121330373","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 Influence of Economic Globalization on China’s Economy and Countermeasures 经济全球化对中国经济的影响及对策分析

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) Pub Date : 1900-01-01 DOI: 10.2991/aebmr.k.220307.204

Shen Wen

{"title":"Analysis on the Influence of Economic Globalization on China’s Economy and Countermeasures","authors":"Shen Wen","doi":"10.2991/aebmr.k.220307.204","DOIUrl":"https://doi.org/10.2991/aebmr.k.220307.204","url":null,"abstract":"Economic globalization is a historical product of the global market economy, which is naturally produced by the growing international division of labor and socialized production. In the economic globalization, China obtained huge institutional dividends, and the scale of foreign exchange earnings from exports continued to expand. Therefore, China becomes a world-renowned manufacturing factory, whose economic aggregate ranks second only to the United States globally. The research on the economic globalization is necessary for China to confront the global economic environment. However, there is not much research on China's policies toward economic globalization and policy framework at present. Based on empiricism, this paper applies some basic theories of classical economics to analyze the influencing factors of economic globalization on China’s economy. It preliminarily constructs a policy framework for China to respond to economic globalization, and analyzes the mechanism and significance of related policies. The paper finds that the use of institutional advantages to deal with the impact of instability in the international environment and deeper reforms, including the relationship between the government and the market, and the promotion of technological innovation and industrial structure adjustment and upgrading, are the reasons why China’s economy moves forward courageously despite ups and downs.","PeriodicalId":333050,"journal":{"name":"Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)","volume":"77 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":"124969240","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 Moderating Effect of Financing Structure on Innovation Investment and Corporate Performance: A Case of Chinext Listed Companies in China 融资结构对创新投资和公司绩效的调节效应——以中国创业板上市公司为例

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) Pub Date : 1900-01-01 DOI: 10.2991/aebmr.k.220307.039

J. Wang

{"title":"The Moderating Effect of Financing Structure on Innovation Investment and Corporate Performance: A Case of Chinext Listed Companies in China","authors":"J. Wang","doi":"10.2991/aebmr.k.220307.039","DOIUrl":"https://doi.org/10.2991/aebmr.k.220307.039","url":null,"abstract":"The enhancement in enterprises’ technological innovation and industrial core competitiveness forms the driving force for the development in Chinext, requiring further promotion in the optimization of financing structure to realize the improvement in enterprise performance. Based on the panel data of listed companies on Chinext from 2009 to 2019, this paper conducts an empirical study on innovation investment, financing structure and corporate performance. The results show that: 1) Innovation investment is not conducive to enhancing firm performance; 2) Internal financing is an indispensable financing channel for R&D activities in Chinext, playing a more significant positive moderating effect; 3) Diversified financing structure makes the restraining effect of equity financing on corporate performance change into a positive moderating effect; 4) The increase of debt financing scale has a negative moderating effect on innovation input and firm performance, and the negative moderating effect of long-term loan is greater than that of the short-term loan; 5) Commercial credit has a significant negative moderating effect; 6) The interaction between financing structure and enterprise innovation weakens enterprise performance. The above research results can be used as a reference for decision-making: the government should accelerate the construction of the capital market system, further optimize the social financing structure to mitigate financing constraints and reduce financing costs. Chinext listed companies should improve the awareness of innovation efficiency and effectively promote corporate performance by adjusting the financing structure.","PeriodicalId":333050,"journal":{"name":"Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)","volume":"46 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":"126159294","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 Effectiveness of NPV and IRR Used in Fundamental Financial Markets NPV和IRR在基础金融市场中的有效性

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) Pub Date : 1900-01-01 DOI: 10.2991/aebmr.k.220307.200

Yuke Zhang

引用次数: 1

The Impact of FDI on Local Innovations in China FDI对中国地方创新的影响

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) Pub Date : 1900-01-01 DOI: 10.2991/aebmr.k.220307.443

Yun-feng Ye

引用次数: 0