Journal of Business Economics and Management最新文献_第7页

Portfolio Establishment Based on Fama-French Five-Factor Model in China Stock Market 基于Fama-French五因素模型的中国股票市场投资组合构建

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2023-01-01 DOI: 10.18178/joebm.2023.11.1.731

Zihui Gong, Qianqian Shi, Guangjie Xu, Yuzhi Zhou

{"title":"Portfolio Establishment Based on Fama-French Five-Factor Model in China Stock Market","authors":"Zihui Gong, Qianqian Shi, Guangjie Xu, Yuzhi Zhou","doi":"10.18178/joebm.2023.11.1.731","DOIUrl":"https://doi.org/10.18178/joebm.2023.11.1.731","url":null,"abstract":"—In the field of modern finance, investors like to use the ACPM model to analyze their portfolios to reduce risks and maximize returns. And the main purpose of our investigation is to choose the six stocks and use the R-studio to analyze the data to see whether the five-factor model can be applied well in China stock market. We start our investigation by collecting data and setting up multiple linear regression models. Then we observe the correlations between the five factors and the excess returns of different stocks and test if all the values of the population parameters and some certain parameters are equal to 0. Finally, we test if multicollinearity existed. We can conclude from the analysis that HML is the most significant factor in all of the portfolios. Besides, the factor CMA has the least significance in portfolios 1 and 2 and the factor SMB is the least significant factor in the rest of the regressions of portfolios. Based on the result, we find that the five-factor model is also applicable in China stock market. So Chinese stock investors can use the five-factor model to help them achieve better investment returns.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"29 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90269964","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Foreign Direct Investment Speed and Firm Performance: Evidence from China 外商直接投资速度与企业绩效:来自中国的证据

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2023-01-01 DOI: 10.18178/joebm.2023.11.2.736

Jing Yan

引用次数: 0

How Social Presence Affects Viewers’ Impulse Buying Behavior in Live Streaming Commerce 社交存在如何影响观众在流媒体商务中的冲动购买行为

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2023-01-01 DOI: 10.18178/joebm.2023.11.3.745

Beicheng Liu

{"title":"How Social Presence Affects Viewers’ Impulse Buying Behavior in Live Streaming Commerce","authors":"Beicheng Liu","doi":"10.18178/joebm.2023.11.3.745","DOIUrl":"https://doi.org/10.18178/joebm.2023.11.3.745","url":null,"abstract":"—This paper mainly studies the influence of consumers’ social presence (social presence of streamers, social presence of viewers, social presence of live streaming platform, telepresence) on impulse buying behavior when watching the live streaming commerce, and explores the mediating effect played by perceived enjoyment and perceived value. Based on the Stimulus Organism Response (SOR) model, survey data from 191 viewers with live streaming buying experience in China were collected by using a survey questionnaire method, and the research hypotheses were tested by using moderated regression analysis and Bootstrapping methods. The study’s findings suggest that the four dimensions of social presence have positive effects on impulse buying behavior. Both perceived enjoyment and perceived value play a partial mediating role in the relationship of “social presence → impulse buying behavior” and there are significant differences between the two intermediary paths. The four dimensions of social presence have differentiated influences on perceived enjoyment, perceived value and impulse buying behavior. The research results of this paper will help streamers and merchants to understand the specific operational path of social presence to promote the emergence of consumer impulse buying behavior, and provide effective marketing suggestions for live streaming commerce companies and managers.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"2 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84716629","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

The Relationship of Board Attributes, Corporate Social Responsibility and Corporate Financial Performance in Chinese Technology-Listed Companies 中国科技上市公司董事会属性、企业社会责任与公司财务绩效的关系

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2023-01-01 DOI: 10.18178/joebm.2023.11.1.732

A. Ma, Yinfei Chen, Yiming Chen

{"title":"The Relationship of Board Attributes, Corporate Social Responsibility and Corporate Financial Performance in Chinese Technology-Listed Companies","authors":"A. Ma, Yinfei Chen, Yiming Chen","doi":"10.18178/joebm.2023.11.1.732","DOIUrl":"https://doi.org/10.18178/joebm.2023.11.1.732","url":null,"abstract":"—Chinese companies have paid more attention to corporate social responsibility (CSR) activities in recent years. This paper aimed to provide empirical evidence on the relationship between board attributes and CSR and between CSR and corporate financial performance of Chinese technology-listed companies. The data from 2011 to 2020 was obtained from the database systems of CSMAR, Bloomberg and Wind. A total of 2,726 listed technology companies in China were gathered. The data were analyzed by CSR metrics in the form of ESG scores using OLS regression analysis and fixed effect regression models. The findings report that Board independence is a strong driving force of CSR performance, whereas board gender has a significant negative impact on CSR performance. The correlation between board attendance and CSR performance is insignificant. CEO duality has a negative impact on CSR performance. The results highlight the importance of CSR performance which can promote corporate financial performance. This study fills up the gap in CSR related research in the technology industry and offer more evidence for further research between board diligence and CSR. The study presents feasible suggestions for enterprises in the Chinese technology industry to improve operation and management by providing theoretical and practical implications, to guide regulators and Chinese technology-listed companies in ensuring the sustainable development of the sector.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"49 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79373189","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Service Model under the Lean Approach and Theory of Constraints to Increase the Level of Service in SMEs in the Health Sector 精益方法下的服务模式与约束理论提高卫生部门中小企业服务水平

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2023-01-01 DOI: 10.18178/joebm.2023.11.3.748

Ana Ordoñez-Silva, Javier Quiñones-Campos, Martin Collao-Diaz, J. Quiroz-Flores, A. Flores-Perez

引用次数: 0

Research on Customer Loyalty Impact Factors and Strategy Optimization Based on Automotive Testing and Certification Industry 基于汽车检测认证行业的客户忠诚度影响因素及策略优化研究

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2023-01-01 DOI: 10.18178/joebm.2023.11.3.752

Huatong Huang, Ying-Ying Li

{"title":"Research on Customer Loyalty Impact Factors and Strategy Optimization Based on Automotive Testing and Certification Industry","authors":"Huatong Huang, Ying-Ying Li","doi":"10.18178/joebm.2023.11.3.752","DOIUrl":"https://doi.org/10.18178/joebm.2023.11.3.752","url":null,"abstract":"—Based on Kevin Lane Keller’s Customer-Based Brand Equity Model (CBBE Model), this article explores the influencing factors of loyalty and develops a customer loyalty model for the automotive testing and certification industry. Through interviews and expert opinions, this article extracts eight loyalty determinants and 25 estimated performance indexes to adapt the loyalty assessment dimensions of this industry. This article innovatively combines Partial Least Squares-Based Structural Equation Modeling (PLS-SEM) and Importance-Performance Analysis (IPA) to quantify the extent of influence of each determinant on loyalty and to provide guidance for the prioritization of actions. The advantage of combining the two models is identifying the company’s weaknesses and quantifying the effects of improvements. Data were collected through questionnaires, and SmartPLS 4.0 was used to verify the proposed hypothesis. The analysis concludes that the company should improve the quality of certificate reports in the short term and provide more added value for customers in the long term. The model has a substantial application value and enables companies to identify problems, prevent business churn, optimize their overall management system, and improve market competitiveness.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"18 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80966931","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Trusting Behavior, Risk Preference and Loss Aversion 信任行为、风险偏好与损失厌恶

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2023-01-01 DOI: 10.18178/joebm.2023.11.2.738

Jiatong Xue

引用次数: 0

A SYSTEMATIC REVIEW OF THE LITERATURE AND BIBLIOMETRIC ANALYSIS OF GOVERNANCE OF FAMILY FIRMS 家族企业治理的文献系统回顾与文献计量分析

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2022-12-30 DOI: 10.3846/jbem.2022.18309

Zhongmin Pu, Zeshui Xu, Xinxin Wang, M. Škare

{"title":"A SYSTEMATIC REVIEW OF THE LITERATURE AND BIBLIOMETRIC ANALYSIS OF GOVERNANCE OF FAMILY FIRMS","authors":"Zhongmin Pu, Zeshui Xu, Xinxin Wang, M. Škare","doi":"10.3846/jbem.2022.18309","DOIUrl":"https://doi.org/10.3846/jbem.2022.18309","url":null,"abstract":"Governance in family firms can profoundly influence corporate behavior and performance. Recently, family firm governance (FFG) has attracted extensive attention as increasing empirical research has been published. However, few studies have attempted to map the global research on this growing field. In this paper, a comprehensive literature review and bibliometric analysis are conducted to provide an overview of the FFG. A total of 626 relevant studies from the Web of Sciences Core Collection database between 1998 and 2020 are analyzed. First, based on a literature review by identifying the classification of FFG and topics related to family governance, an overall conceptual structure is proposed. Second, the performance and influence of journals, authors and papers are analyzed by descriptive bibliometric analysis. Finally, with assistance from the CiteSpace and VoS viewer tools, the co-authorship, co-occurrence and co-citation network are presented to display the social and intellectual structure and find the hotspots. The findings of this study help to objectively understand the evolution of FFG and to capture potential research directions.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"18 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84383444","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

EXPLORING THE ASYMMETRIC EFFECTS OF ECONOMIC POLICY UNCERTAINTY AND IMPLIED VOLATILITIES ON ENERGY FUTURES RETURNS: NOVEL INSIGHTS FROM QUANTILE-ON-QUANTILE REGRESSION 探索经济政策不确定性和隐含波动率对能源期货回报的不对称影响:来自分位数对分位数回归的新见解

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2022-12-29 DOI: 10.3846/jbem.2022.18282

A. Bossman, Ș. C. Gherghina, Emmanuel Asafo-Adjei, A. Adam, S. Agyei

{"title":"EXPLORING THE ASYMMETRIC EFFECTS OF ECONOMIC POLICY UNCERTAINTY AND IMPLIED VOLATILITIES ON ENERGY FUTURES RETURNS: NOVEL INSIGHTS FROM QUANTILE-ON-QUANTILE REGRESSION","authors":"A. Bossman, Ș. C. Gherghina, Emmanuel Asafo-Adjei, A. Adam, S. Agyei","doi":"10.3846/jbem.2022.18282","DOIUrl":"https://doi.org/10.3846/jbem.2022.18282","url":null,"abstract":"This study examined the asymmetric effects of major uncertainty and volatility indices (economic policy uncertainty, Chicago Board Options Exchange crude oil volatility, CBOE volatility index, CBOE VIX volatility, and NASDAQ 100 volatility target) on the returns of global energy and its constituents (global energy index, Brent, heating oil, natural gas, and petroleum). The causalityin-quantiles test and the quantile-on-quantile regression technique were employed on daily data covering the period between April 2012 and March 2022. The findings evidenced asymmetries and heterogeneity in the causal effects of global uncertainty and market volatilities on energy markets. For all uncertainty and volatility measures, we found strong negative relationships with energy commodities at stressed conditions, signalling some hedging benefits for market participants. The current research is among the first investigations to explore the asymmetric relationships between major uncertainty and volatility indices, as well as global energy and its constituents. Essential portfolio implications of our findings are discussed.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"82 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84013465","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

TRENDS IN BUSINESS STRATEGY RESEARCH, BIBLIOMETRIC ANALYSIS AND TEXT MINING 商业战略研究、文献计量分析和文本挖掘的趋势

IF 2.6 3区经济学

Journal of Business Economics and Management Pub Date : 2022-12-29 DOI: 10.3846/jbem.2022.18301

Jiří Dvořák, Stanislav Tripes, M. Sokolová, Iveta Musilová

引用次数: 0