{"title":"Financial Inclusion, Poverty Alleviation, and Digitalization","authors":"Ruomeng Gao","doi":"10.54691/bcpbm.v46i.5075","DOIUrl":"https://doi.org/10.54691/bcpbm.v46i.5075","url":null,"abstract":"The link between financial inclusion, reducing poverty, and digitalization is examined in this essay. Economic globalization has emerged as a key trend in the growth of the global economy. With the continuous and deepening influence of the trend of economic globalization, the development of various regions in the world's economic environment needs to be balanced. The large gap between countries, urban and rural areas, regions, and social classes is typical of unbalanced economic development. Inclusive finance is a concept proposed to solve the problem of poverty from the level of financial services. A more universal and beneficial financial system is necessary for each country's economic growth and social development, so achieving financial inclusion has received the attention of many countries. Therefore, based on the region-specific data collected, the relationship between inclusive finance for economic growth and poverty alleviation will be examined from two perspectives in this paper: inclusive finance for poverty alleviation and inclusive digital finance. Through an analysis of the current state of inclusive finance, the limitations of its development and recommendations for future development will be discovered.","PeriodicalId":425663,"journal":{"name":"BCP Business & Management","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125108118","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":"IPO as a Key Process for a Successful Company","authors":"Ruge Zhang","doi":"10.54691/bcpbm.v46i.5094","DOIUrl":"https://doi.org/10.54691/bcpbm.v46i.5094","url":null,"abstract":"IPO is the most popular business practice today, which can be seen as the key to a successful company. IPO could bring a lot of benefits to the company like additional capital raised, a better international reputation, deeper consumer recognition, liquidate benefits for the shareholders and investors, greater employee benefits, and higher valuation because of transparency, compared to a private business. During the crisis, there was less focus on maximizing IPO proceeds due to both an increased emphasis on research coverage and allocations of hot IPOs to the personal brokerage accounts of issuing firm executives. But the company should consider the costs of IPOs carefully, initial underpricing is likely to cause underperformance in the long run, mandatory disclosures may increase the competitive cost, especially for biotech companies, and the substantial fees of an IPO have to be considered. In this paper, a literature study of the pros and cons of an IPO and IPOs are crucial to the development of a business.","PeriodicalId":425663,"journal":{"name":"BCP Business & Management","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127009746","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":"Research on the Key Factors for a Successful Merger and Acquisition","authors":"Shuang Dong, Boxin Zhang, Ziyue Zhu","doi":"10.54691/bcpbm.v46i.5091","DOIUrl":"https://doi.org/10.54691/bcpbm.v46i.5091","url":null,"abstract":"M&A is an important activity of corporates in today's competitive business environment. Previous researches on the influencing factors of M&A were mainly based on the theory of synergy effect, market power theory, economies of scale theory and so on. Moreover, there are no unified conclusions. Starting from HSBC's M&A of AXA Singapore, this paper studies the influencing factors of M&A through literature research and case analysis. In the end, three main influencing factors were derived. One is synergy, represented by Haier Group merging Red Star Electric Appliance Company and Citibank merging Travelers Group. The second is technology, the representative cases are Cisco acquisition of IMImobile and Salesforce acquisition of Slack Technologies. The third is market share, and corresponding cases are J&R Express' acquisition of Best Express and LVMH's acquisition of Tiffany. Enterprises can obtain synergies, innovate with technology, expand market share through M&A. Therefore, they can obtain more profits, and support the healthy development of enterprises. Finally, this paper suggests that enterprises start from various factors such as the market environment and their own conditions to make M&A decisions and promote the benign development of enterprises.","PeriodicalId":425663,"journal":{"name":"BCP Business & Management","volume":"399 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115313170","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":"Research on the impact of peer effect on employee creativity under the background of involution","authors":"Wenxiu Zhang","doi":"10.54691/bcpbm.v46i.5071","DOIUrl":"https://doi.org/10.54691/bcpbm.v46i.5071","url":null,"abstract":"Under the background of involution, the impact of peer effect on employee creativity provides ideas and directions for improvement of enterprise innovation. Based on this, this study explores the influence of peer effect on employee creativity and the moderating effect of competitive atmosphere within the organization in the context of involution. Research shows that under the background of involution, the excessive competitive atmosphere regulates the relationship between peer effect and employee creativity, and has a negative regulatory effect on psychological safety; organizations should pay attention to the positive impact of peer effect, and guarantee Employees' sense of psychological safety can further enhance the impact of employees' creativity; employees should correctly deal with the sense of security and pressure brought about by the peer effect to ensure self-efficacy.","PeriodicalId":425663,"journal":{"name":"BCP Business & Management","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128366019","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":"Analysis of the Spillover Effect of the US Quantitative Easing Policy on China's Multi-level Bond Market","authors":"Minwei Jiang, Ziyang Lin, Y. Zhang","doi":"10.54691/bcpbm.v46i.5087","DOIUrl":"https://doi.org/10.54691/bcpbm.v46i.5087","url":null,"abstract":"This paper focuses on the spillover effect of quantitative easing (QE) policy adopted by the United States on China's multi-level bond market under the outbreak of the epidemic in 2020. Since the US launched QE in March 2020 and ended it in October 2021, this paper selects the yields of one-year treasury bonds, financial bonds, and local government bonds in this period to represent different issuers and selects US non-borrowed reserve as an indicator to measure the level of capital overflow. Then, this paper adopts vector autoregressive (VAR) model for empirical analysis. The results of the model represent that the QE has some influence on China’s bond market, and this impact has different effects on the bonds of different issuers. Compared with financial debt and local government debt, national debt is less impacted, and its impact time lags behind others’. The possible reason is that the bonds issued by different issuers have different abilities to bear market risks, so they react in various ways. Finally, based on the research results, this paper puts forward some policy suggestions combined with the current situation.","PeriodicalId":425663,"journal":{"name":"BCP Business & Management","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125298618","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":"Fintech: Exploring the Digital Transformation of Banking & Financial Services","authors":"Yuanfei Zhang","doi":"10.54691/bcpbm.v46i.5081","DOIUrl":"https://doi.org/10.54691/bcpbm.v46i.5081","url":null,"abstract":"Fintech has exploded since the Internet revolution. Today, fintech has given rise to numerous segments, and many financial technologies have gained wider application. Among which the most active fintech areas are: online payments via digital currency without the need for cash; P2P lending, which enables direct person-to-person lending without the use of intermediaries; robo-advice, which use algorithms to provide investment advice; and distributed ledger technology (DLT) blockchain. They are all widely used in some countries around the world, but have not yet undergone a complete replacement. These emerging financial technologies have undoubtedly revolutionary implications for traditional finance, providing new ideas for the development of the financial sector. The problems they generate deserve attention as well. This paper introduces the development history of these four financial technologies, compares them with the traditional way of operation in the financial field in which they applied, and analyzes the advantages and limitations of these financial technologies. Finally, reflections on the future of fintech development are presented.","PeriodicalId":425663,"journal":{"name":"BCP Business & Management","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134604866","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":"Research on the impact of green finance on the construction of enterprise carbon credit system——Regulation effect based on media supervision","authors":"Yutong Guo, Yisi Huang, Qiao Zhong, Ziyi Luo, Heyan Zhu","doi":"10.54691/bcpbm.v46i.5100","DOIUrl":"https://doi.org/10.54691/bcpbm.v46i.5100","url":null,"abstract":"Under the background of carbon peak and carbon neutralization, it is of great significance for heavy pollution enterprises to implement the construction of enterprise carbon credit system. This paper takes 215 medium and heavy polluting enterprises listed in China's Shanghai and Shenzhen A-share companies from 2015 to 2019 as research samples, uses multiple regression model and regulatory effect model to analyze the impact of corporate green finance on the quality of carbon credit system construction and explore the regulatory role of media regulation. The study found that when the development level of green finance is high, the construction quality of carbon credit system is also high. Further research found that media regulation plays a positive regulatory role in the positive correlation between green finance and the quality of carbon credit system construction.","PeriodicalId":425663,"journal":{"name":"BCP Business & Management","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133208086","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":"Best Strategy: Lower Risk & Higher Return","authors":"Jingyi Shi","doi":"10.54691/bcpbm.v46i.5082","DOIUrl":"https://doi.org/10.54691/bcpbm.v46i.5082","url":null,"abstract":"People have an innate desire for money. Gold and bitcoin, these two high-return investments are popular in the world. We built XGBoost-based regression prediction model and mean-absolute deviation model based on the mean-variance model. We use machine learning and construct an XGBoost regression model for prediction [1]. With the forecast data from above model, we build a mean-absolute deviation model using the final assets as the objective function to maximize the goal.","PeriodicalId":425663,"journal":{"name":"BCP Business & Management","volume":"457 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127610804","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":"Research on the Role of Banks during the Global Financial Crisis","authors":"Jingzheng Guo","doi":"10.54691/bcpbm.v46i.5080","DOIUrl":"https://doi.org/10.54691/bcpbm.v46i.5080","url":null,"abstract":"The purpose of this paper is going to the role of banking during in the recession. After the Nobel prize in Economic Sciences 2022 was presented, it makes people rethink the role of banks. Therefore, this paper picks up the 2008 financial crisis as an example to show it. Initially, the background of the 2008 financial crisis in treating the economy bounce back is mentioned. Deregulation and Fed’s monetary policy to decrease the interest rate are analyzed. After the period of stimulating the economy, the economic developed fast. Meanwhile, real estate market reaches saturation. In order to make profits, the banking launched sub-prime loans and CDO and CDS derived from sub-prime loans. Further economic stimulus comes with a growing property bubble, as the change in the adjusting exchange rates, Subprime defaults increase, the subprime mortgage crisis and the 2008 financial crisis are born. 2008 financial crisis was resulted in the housing bubble explodes, investment banking bankruptcy and rapid increase in unemployment rate, even Influence the worldwide. To deal with the financial crisis, Dodd-Frank Act was published, Basel III and government increasing the spending and banking decline interest near to zero. The main cause of the 2008 financial crisis was the neglect of regulators and the failure of banks to consider the risks posed by unqualified lenders, therefore, studying in 2008 financial crisis is important.","PeriodicalId":425663,"journal":{"name":"BCP Business & Management","volume":"264 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124300371","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":"Research On the Impact of Margin Trading on The Stock Idiosyncratic Volatility","authors":"Qian Zhao, Caixia Zhou","doi":"10.54691/bcpbm.v46i.5108","DOIUrl":"https://doi.org/10.54691/bcpbm.v46i.5108","url":null,"abstract":"In classical asset pricing model, expected stock return is only determined by systematic risk, and idiosyncratic risk can be completely dispersed without asset pricing effect. However, the real world and the assumptions of classical asset pricing model are different, as idiosyncratic risk cannot be completely dispersed and has pricing effect. Recent studies found that the stock idiosyncratic volatility can actually predict stock return negatively, indicating the existence of the \" Idiosyncratic volatility puzzle\" in the Chinese stock market. There are constraints on margin trading in the Chinese stock market, which can affect investors' investment behavior and expectation of stock return. This article adopts difference-in-differences model and multivariable linear regression mode to test the impact of margin trading on idiosyncratic volatility, and further investigate the impact of margin trading on the \" Idiosyncratic volatility puzzle \". The research results found that: In the process from the establishment of the margin trading system to the gradual expansion of underlying stocks, the impact of margin trading on idiosyncratic volatility has shifted from a positive impact to a negative impact. That is to say, margin trading has transitioned from initially increasing idiosyncratic volatility to later reducing idiosyncratic volatility, gradually playing a role in price discovery and reducing idiosyncratic risk in the stock market. The gradual improvement of the margin trading system is driving the development and maturity of the Chinese stock market.","PeriodicalId":425663,"journal":{"name":"BCP Business & Management","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116045140","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}