Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)最新文献_第4页

Losing ¥9 Billion! —— The Tragedy of Personal Account Crude Oil Product of the Bank of China 损失90亿日元!——中国银行个人账户原油产品的悲剧

Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021) Pub Date : 2021-09-18 DOI: 10.2991/aebmr.k.210917.045

C. Su, Jiaqi Huang, Siyue Ni, Yanshan Wang

引用次数: 0

Study on the Profitability of Fenjiu Group Based on the Financial Index System 基于财务指标体系的汾酒集团盈利能力研究

Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021) Pub Date : 2021-09-18 DOI: 10.2991/aebmr.k.210917.086

Yifan Niu, Zhao Zhou, Zhuoran Wan

{"title":"Study on the Profitability of Fenjiu Group Based on the Financial Index System","authors":"Yifan Niu, Zhao Zhou, Zhuoran Wan","doi":"10.2991/aebmr.k.210917.086","DOIUrl":"https://doi.org/10.2991/aebmr.k.210917.086","url":null,"abstract":"In recent years, the Baijiu industry develops rapidly and contributes to China’s GDP. However, with the market competition becoming more and more fierce, the Baijiu industry may be impacted. Facing the potential risk, the Baijiu industry has to improve the profitability to fit the changeable market. Fenjiu Group’s micro and macro analysis results are presented in this paper as an example. Literature research method, case analysis method, and experiential summary method are taken for deeper research. Through the calculation of Fenjiu Group’s financial index, Fenjiu Group’s gross profit margin showed a small fluctuation from 2015 to 2018. Fenjiu Group’s ROTA declined from13.2% to 12.8% between 2018 and 2019, indicating the growth of profit can't match the recent expansion of Fenjiu Group's asset size. In terms of investor profitability, Fenjiu Group’s ROE grew from 11.8% to 26% between 2015 and 2019. According to the above analysis, some suggestions are put forward to the existing problems, such as brand diversification propaganda, optimizing the capital structure, broadening financial channels, and controlling the expansion of asset size. The research results of this paper hope to help Fenjiu Group improve better and enhance the business value in the future.","PeriodicalId":371105,"journal":{"name":"Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129626393","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

How Does Alcohol Consumption Affect People’s Income 饮酒如何影响人们的收入

Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021) Pub Date : 2021-09-18 DOI: 10.2991/aebmr.k.210917.082

Zechen Ye, Yantong Zhu, Hang Liu, Yukun Bai

{"title":"How Does Alcohol Consumption Affect People’s Income","authors":"Zechen Ye, Yantong Zhu, Hang Liu, Yukun Bai","doi":"10.2991/aebmr.k.210917.082","DOIUrl":"https://doi.org/10.2991/aebmr.k.210917.082","url":null,"abstract":"With the development of society and technology, it has seen a dramatic rise in people's living standards. Wine as a high level of consumer goods in people's daily lives accounts for an increasing proportion. Therefore, the relationship between people's per capita income needs to be studied further. The research using the National Longitudinal Survey of Youth (NLSY) data mainly utilized a multiple linear regression model to create a linear relationship between alcohol behaviors and wages. It introduced a method of the instrumental variable to eliminate the endogenous problems in the model. The drinking behaviors were divided into two groups based on the number of drinks consumed per day, and to make our conclusion more reasonable, samples that have more than 4 drinks per day were dropped in the research. After fixing the model using an instrumental variable, the coefficients of the independent variables are positive and tested to be valid, which means moderate alcohol use positively impacts people's wages. Although we get the results not consistent with other related researches, our conclusion still has some practical implications. Moderate alcohol use is beneficial to the heart and cerebrovascular health, especially to the long-term overtime workers. Still, it alleviates the brain's pressure, which improves cognitive performance and increases the work's productivity. Therefore, drinking alcohol properly is a wise choice, which can keep us healthy and increase our income compared to drinking excessively.","PeriodicalId":371105,"journal":{"name":"Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130139347","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 Influence of Higher Education on Economic Growth 高等教育对经济增长的影响研究

Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021) Pub Date : 2021-09-18 DOI: 10.2991/aebmr.k.210917.064

Ziqian Wang

{"title":"Research on the Influence of Higher Education on Economic Growth","authors":"Ziqian Wang","doi":"10.2991/aebmr.k.210917.064","DOIUrl":"https://doi.org/10.2991/aebmr.k.210917.064","url":null,"abstract":"In the current society, the relationship between education and the economy is more and more inseparable. Under the dual pressure of economic development and the cultivation of high-level innovative talents, measuring the relationship between China's higher education and economic growth and making it better serve the socialist modernization construction is particularly important. Under this economic situation, the prerequisite and necessary condition to realize the new upgrading of China's economy are to realize the upgrading of China's higher education first to provide the society with talents with rich knowledge and high innovation ability.Based on the theory of human capital and economic growth-related theory, this paper reviews the relative literature on the relationship between economic growth and development of higher education and analyze the current situation about higher education in China from qualitative and quantitative perspectives through the methods like Granger causality test, the economic contribution rate and so on. The Granger causality test showed an obvious interactive relationship between higher education development and economic growth, and the degree of coordination between them showed a rising trend year by year. It was concluded that higher education and economic growth were mutually promoting: Economic development and investment in education will promote the development of education, which in turn will promote economic growth as well.","PeriodicalId":371105,"journal":{"name":"Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131365797","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

Ripple’s Market Competitiveness in the Long-term Ripple的长期市场竞争力

Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021) Pub Date : 2021-09-18 DOI: 10.2991/aebmr.k.210917.035

Shanshan Chen, Ninghui Wang, Yuxin Zhong

{"title":"Ripple’s Market Competitiveness in the Long-term","authors":"Shanshan Chen, Ninghui Wang, Yuxin Zhong","doi":"10.2991/aebmr.k.210917.035","DOIUrl":"https://doi.org/10.2991/aebmr.k.210917.035","url":null,"abstract":"With Ripple becoming the first cross-border payment system open to global financial institutions globally, faster, safer, and cheaper cross-border payment by bypassing expensive intermediaries has been realized. This paper aims to explain how Ripple's long-term competitiveness can make such an efficient ecosystem and promote the development of global payment. This paper demonstrates Ripple's long-term competitiveness from three perspectives. Firstly, we compared the currency Ripple (XRP) with other cryptocurrencies in terms of future value-added, remittance fees, and currency exchange methods and show that XPR's historical value is relatively stable and its future expectation is promising. Secondly, from the basic principles and characteristics of RippleNet operation, this paper discusses the security and privacy protection advantages of the RippleNet system. Finally, from the perspective of the company Ripple Labs, this paper analyzes the supporting forces behind Ripple, which will help us better understand how Ripple stands out from other cryptocurrencies. This paper suggests that based on its cross-border payment services, Ripple has a strong competitive advantage over its peers either as a cryptocurrency and a cross-border payment tool (vehicle). This study also provides a reference for Ripple to demonstrate that it has a large market space and long-term competitiveness in cross-border payment, and virtual currency investment has entered a new frontier.","PeriodicalId":371105,"journal":{"name":"Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)","volume":"345 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123324330","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

Exploring How the Drinking Frequency Influence the Work Intensity Among the Youth: Evidence from National Longitudinal Survey of Youth (NLSY) 饮酒频率对青少年工作强度的影响——来自全国青少年纵向调查的证据

Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021) Pub Date : 2021-09-18 DOI: 10.2991/aebmr.k.210917.081

Yixuan Yan, Sizhe Liu, Yuanmei Cao, Ao Wang

引用次数: 0

The Impact of Housing Economy on China’s Economic Development During the COVID-19: Based on the Perspective of Data Analysis 新冠肺炎期间住房经济对中国经济发展的影响——基于数据分析的视角

Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021) Pub Date : 2021-09-18 DOI: 10.2991/aebmr.k.210917.054

Yifei Song, Zi Wang, Xinyu Zhu

引用次数: 0

What Are the Potential Factors That Will Affect the Value of Bitcoin in the U.S.? 哪些潜在因素会影响比特币在美国的价值?

Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021) Pub Date : 1900-01-01 DOI: 10.2991/aebmr.k.210917.067

Kaibing Yang, Ziyan Zhang

{"title":"What Are the Potential Factors That Will Affect the Value of Bitcoin in the U.S.?","authors":"Kaibing Yang, Ziyan Zhang","doi":"10.2991/aebmr.k.210917.067","DOIUrl":"https://doi.org/10.2991/aebmr.k.210917.067","url":null,"abstract":"As a representation of Cryptocurrency, Bitcoin may have the potential to become a reliable currency due to its characteristics of decentralization and built-in scarcity. The evolution of Bitcoin shows some similarities with gold, that is an inflation hedge with a stable price. The purpose of this study was to determine what factors might affect the value of Bitcoin, which cause it eventually circulate with a stabilized price and become a future gold-like commodity under a macroeconomic scope. This paper conducted a generalized linear regression analysis of the Bitcoin price and gold price on the inflation rate, interest rate, and current account by using RStudio. Based on the United States annual data, this paper found evidence that the U.S. inflation rate, U.S. interest rate, and U.S. current account did not have significant effects on the gold price. However, the Bitcoin price was significantly affected by the U.S. inflation rate and U.S. interest rate. This implied that Bitcoin was not as stable as gold at current stage, but one possible speculation is that Bitcoin has the potential to counter inflation in the future.","PeriodicalId":371105,"journal":{"name":"Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)","volume":"21 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":"127531730","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 Impact of Market Sentiment on Fund Flow 市场情绪对资金流动的影响

Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021) Pub Date : 1900-01-01 DOI: 10.2991/aebmr.k.210917.037

Taoyu Wen, Boyuan Zhang, Xijue Zhang

引用次数: 0

The Impact of Financial Fraud on Financial Risks: A Case Study of Luckin Coffee 财务舞弊对财务风险的影响——以瑞幸咖啡为例

Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021) Pub Date : 1900-01-01 DOI: 10.2991/aebmr.k.210917.079

Yingxiao Feng, Chang-Wen Chen

引用次数: 2