{"title":"Does the Digital Transformation of an Organization Improve the Quality of Internal Controls?","authors":"Ziru Qin","doi":"10.62051/bky3kv21","DOIUrl":"https://doi.org/10.62051/bky3kv21","url":null,"abstract":"To explore the relationship and path mechanism between enterprise digital transformation and enterprise internal control quality, this paper selects A-share listed companies in Shanghai and Shenzhen from 2012 to 2021 as the research samples, adopts the text mining method to construct the degree of enterprise digitization metrics, empirically analyses the impact of the degree of enterprise digital transformation on the quality of enterprise internal control, and explores the path mechanism between the two from the perspective of the five elements of internal control. The results show that enterprise digital transformation can improve the quality of internal control. The results found that enterprise digital transformation can improve the quality of internal control of enterprises; that is, the two are significantly positively correlated; from the perspective of the five elements of internal control, enterprise digital transformation mainly improves the quality of enterprise internal control by improving the efficiency and ability of enterprise risk assessment, practical control activities, and improving the efficiency of information and communication; further research found that the better the degree of enterprise digital transformation, the worse the effect of financing constraints, and the worse the quality of enterprise internal control. The worse the effect, the better the quality of enterprise internal control. Heterogeneity analysis found that the magnitude of the degree of enterprise digital transformation on the quality of enterprise internal control is more remarkable in cities with low agency costs, low levels of the regional digital economy, technology-intensive enterprises, and manufacturing enterprises. The above conclusions have particular reference value for scientifically promoting the digital transformation and development of China's small and medium-sized enterprises and effectively promoting improving internal control.","PeriodicalId":515906,"journal":{"name":"Transactions on Economics, Business and Management Research","volume":"32 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141382392","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":"Application of Consumer Behavior Analysis in Marketing Strategies","authors":"Xiaowei Liu","doi":"10.62051/agq2kp62","DOIUrl":"https://doi.org/10.62051/agq2kp62","url":null,"abstract":"With the rapid development of digitalization, consumer behavior is becoming increasingly complex, with choices becoming more diverse and demands more personalized and intricate. This presents both new opportunities and challenges for businesses' marketing strategies. In such an environment, the importance of consumer behavior analysis is gradually highlighted. In-depth research into various stages of consumer decision-making enables insight into consumers' psychology, needs, and preferences. From the initial awareness stage to information gathering, evaluation, selection, purchase decision, and post-purchase behavior, each stage presents rich market opportunities. Simultaneously, in terms of product strategy, based on consumer behavior analysis, companies can develop products that better meet market demands, catering to personalized consumer needs. In pricing strategy, more competitive prices can be formulated based on consumers' ability to pay and price sensitivity. In promotion strategy, suitable promotional methods and channels can be chosen based on consumers' information acquisition channels and preferences. In distribution strategy, distribution networks and channel layouts can be optimized based on consumers' purchasing habits and convenience. Through in-depth analysis of consumer behavior, companies can more accurately meet market demands and achieve competitive advantages.","PeriodicalId":515906,"journal":{"name":"Transactions on Economics, Business and Management Research","volume":"51 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141382100","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 Impact of Executive Team's Academic Background on Corporate ESG Performance","authors":"Zhengyang Qi","doi":"10.62051/7bpkj398","DOIUrl":"https://doi.org/10.62051/7bpkj398","url":null,"abstract":"The ESG (Environmental, Social, and Governance) has become a significant metric for assessing a company's long-term value and its capacity for sustainable development. This study examines the impact of executive team academic backgrounds on corporate ESG performance using data from 26,400 China's A-share listed firms from 2008 to 2022. The findings reveal a positive correlation between the academic background of the executive team and corporate ESG performance. The enhancing effect of the executive team's academic background on corporate ESG performance is more pronounced in firms with low auditing quality and in non-state-owned enterprises. The study provides insights for companies aiming to improve their environmental standards, fulfill social responsibilities, and enhance corporate governance.","PeriodicalId":515906,"journal":{"name":"Transactions on Economics, Business and Management Research","volume":"72 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141385630","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 Development Path of Financial Promotion of Science and Technology Innovation in the Context of New Quality Productivity Development","authors":"Hongxin Zhao, Li Han","doi":"10.62051/xj7ez708","DOIUrl":"https://doi.org/10.62051/xj7ez708","url":null,"abstract":"Science and technology innovation is the kernel of developing new quality productivity, and finance has an important role in promoting science and technology innovation. Based on this, this paper studies the path of financial boosting of science and technology innovation, selects the national panel data from 2013 to 2022, adopts the entropy value method to determine the weight of each index and calculate the comprehensive value, and establishes the VAR model of financial input and science and technology innovation development. It is found that 35% of the changes in the development of science and technology innovation can be explained by financial inputs, and further puts forward suggestions to improve the breadth, depth and precision of financial services for science and technology innovation in four aspects: innovating the form of financial inputs, improving the matching precision between financial services and science and technology innovation needs, innovating the financial service system and optimizing the financial ecological environment, so as to provide reference and reference for the formation and development of the development of new-quality productivity.","PeriodicalId":515906,"journal":{"name":"Transactions on Economics, Business and Management Research","volume":"279 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141386695","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":"Exploring the Necessity of Advancing the Construction of Information Management in Real Estate Management","authors":"Enhao Zhu","doi":"10.62051/j1ztme53","DOIUrl":"https://doi.org/10.62051/j1ztme53","url":null,"abstract":"With the continuous progress of socio-economic development, the real estate industry has experienced rapid growth. As a leading industry in China, the importance of this sector is self-evident. However, due to objective factors, real estate management faces many challenges, such as poor information management and sharing, difficulties in market regulation and supervision, and insufficient risk prevention and resolution capabilities. To address these issues, it is particularly necessary to promote the construction of information management in real estate management. Information management construction, through strengthening the construction of information infrastructure, building a unified information management system, and promoting the integration of information technology and business processes, can significantly improve the efficiency and level of real estate management. Specifically, information management construction can achieve real-time data updating and sharing, break the phenomenon of information silos, optimize business processes, reduce manual operations, and lower the error rate. Through data analysis and mining, it provides strong support for decision-making, enhancing the scientific nature and accuracy of decisions. Over time, it effectively improves the efficiency and level of real estate management, providing a strong guarantee for the healthy development of the industry.","PeriodicalId":515906,"journal":{"name":"Transactions on Economics, Business and Management Research","volume":"55 s61","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141383254","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":"Corporate Participation in ESG Ratings and the Accuracy of Analysts' Surplus Forecasts: Based on the Perspective of Green Finance Policy Implementation","authors":"Huanyu Zhi","doi":"10.62051/x0hs5q83","DOIUrl":"https://doi.org/10.62051/x0hs5q83","url":null,"abstract":"The article takes China's A-share listed companies from 2012to 2022 as the research target, using the different-in-difference model, and investigate the impact of ESG rating on the accuracy of analysts' forecast accuracy under China's green finance policies. This study finds that under green finance policies, ESG rating companies significantly have higher analysts' forecast accuracy, which is manifested in the reduction of analysts' forecast error and optimism bias. In terms of the mechanism, ESG-rated companies are more likely followed by security analysts and are willing to provide better quality of information disclosure, and thus have higher analysts’ forecast accuracy. This study also examines firm heterogeneity. Under the green finance policies, the positive impact of ESG rating on the analysts' forecast accuracy is more significant in non-state-owned enterprises and enterprises in ESG-sensitive industries.","PeriodicalId":515906,"journal":{"name":"Transactions on Economics, Business and Management Research","volume":"6 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141385942","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}
Yuzhu Zhang, Yunxia Cheng, Yiting Guo, Rong Hu, Qiang He
{"title":"Analysis of the Societal Benefits Derived from Reducing Pharmaceutical Prices based on System Dynamics","authors":"Yuzhu Zhang, Yunxia Cheng, Yiting Guo, Rong Hu, Qiang He","doi":"10.62051/z7gx6c77","DOIUrl":"https://doi.org/10.62051/z7gx6c77","url":null,"abstract":"The steep prices of pharmaceuticals have long been a significant concern in the healthcare domain, directly impacting patients' financial burdens, government healthcare expenditures, and the operational dynamics of the pharmaceutical market. This study aims to analyze the societal ramifications of lowering drug prices through the lens of system dynamics methodology. Employing a system dynamics model, this study evaluates the effects of drug price adjustments on patients, governments, and the broader society, while also investigating the outcomes across various policy and market scenarios. Findings indicate that reducing drug prices within a certain range can alleviate patients' financial burdens, enhance the accessibility and equity of healthcare services, and decrease government healthcare expenditures, thereby bolstering healthcare coverage. Additionally, the decline in drug prices contributes to narrowing the wealth gap and fostering social equity and stability. The outcomes of this study offer valuable insights for government policy-making and market management in the pharmaceutical sector, facilitating the advancement of a robust pharmaceutical market and societal progress.","PeriodicalId":515906,"journal":{"name":"Transactions on Economics, Business and Management Research","volume":"11 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141383596","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 Present Situation, Problems and Countermeasures of Digital Transformation of Small and Medium-sized Private Enterprises","authors":"Weihao Yue","doi":"10.62051/04fxp040","DOIUrl":"https://doi.org/10.62051/04fxp040","url":null,"abstract":"In recent years, the digital transformation of small and medium-sized private enterprises has become one of the hot issues of academic and industrial concern. This paper first expounds the development status and existing problems of digital transformation of small and medium-sized private enterprises, then analyzes the digital transformation of small and medium-sized private enterprises by SWOT analysis and PEST analysis model, and finally puts forward some countermeasures and suggestions at the government level, enterprise level and market level.","PeriodicalId":515906,"journal":{"name":"Transactions on Economics, Business and Management Research","volume":"88 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141385453","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":"Urban Planning from a City Design Perspective: Thoughts on Refined Management","authors":"Xiangdong Xu","doi":"10.62051/ms6wvr70","DOIUrl":"https://doi.org/10.62051/ms6wvr70","url":null,"abstract":"The importance of city design in urban planning and construction is self-evident. It not only carries the mission of shaping the urban image and enhancing the quality of the city but also acts as a compass for the future direction of urban development. It plays an irreplaceable role in improving the level of urban planning, meeting the demands of urban development, and adapting to the overall socio-economic development level. With the acceleration of urbanization, city design is no longer a simple layout of buildings and space division. Instead, it requires a comprehensive consideration of economic, social, cultural, environmental, and other factors to achieve sustainable urban development. Therefore, based on the perspective of city design, strengthening the refined management of urban planning has become an important topic in the field of urban planning. The concept of refined management emphasizes control over details and optimization of the process. Integrating this concept into every aspect of urban planning can significantly improve the scientific and practical effectiveness of urban planning. In the process of city design, meticulous planning and design for every inch of land, every building, and every street ensure they meet people's daily needs, reflect the city's cultural heritage and distinctive features, satisfy people's longing for a better life, and inject new vitality into the city's prosperity and development.","PeriodicalId":515906,"journal":{"name":"Transactions on Economics, Business and Management Research","volume":"311 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141386394","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":"Influence and Mechanism Analysis of Green Digital Transformation on Enterprise Green Innovation","authors":"Qiantong Meng","doi":"10.62051/qbn8t872","DOIUrl":"https://doi.org/10.62051/qbn8t872","url":null,"abstract":"The purpose of this study is to explore the influence of green digital transformation (GDT) on enterprise green innovation (GI) and its mechanism. Under the background of increasingly severe global environmental problems and accelerating digital transformation, green innovation has become an important driving force for the sustainable development of enterprises. Therefore, this study has important theoretical and practical significance. In order to achieve the research purpose, this study adopts multiple linear regression model for empirical analysis. The research sample covers enterprises of different industries and sizes to ensure the universality and representativeness of the research. In the choice of variables, we not only pay attention to the relationship between GDT and GI, but also consider the possible influencing factors such as enterprise scale, enterprise age and industry attributes. Through empirical analysis, it is found that GDT has a significant positive impact on GI, which shows that GDT can effectively enhance the green innovation ability of enterprises. At the same time, the scale of enterprises has also been proved to have a positive impact on green innovation, while the influence of enterprise age and industry attributes is not significant. These findings provide a useful reference for enterprises to formulate green innovation strategies. Based on the research results, this paper puts forward some suggestions to enterprises and governments to promote GDT and green innovation. For enterprises, they should actively invest in green digital technology, cultivate green innovation consciousness and develop together with green supply chain partners. The government should provide support in policy, supervision and cooperation with Industry-University-Research to create a good environment for green innovation.","PeriodicalId":515906,"journal":{"name":"Transactions on Economics, Business and Management Research","volume":"37 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141385910","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}