syst mt`lyh最新文献_第6页

Effects of Digital Transformation on Dynamic Capital Structure Adjustment: Evidence from China 数字化转型对动态资本结构调整的影响:来自中国的证据

syst mt`lyh Pub Date : 2023-06-27 DOI: 10.3390/systems11070330

Ye Chen, Lei Shen, Yuchen Bian, Xi Zhang

{"title":"Effects of Digital Transformation on Dynamic Capital Structure Adjustment: Evidence from China","authors":"Ye Chen, Lei Shen, Yuchen Bian, Xi Zhang","doi":"10.3390/systems11070330","DOIUrl":"https://doi.org/10.3390/systems11070330","url":null,"abstract":"Over the past two decades, there has been a surge in digital innovation. China is the world’s second-largest digital economy entity and the national strategy to build a digital China is in full swing. Chinese enterprises have received great support while pursuing digital transformation. This study aims to explore the impact of digital transformation on firm dynamic capital structure adjustment by taking evidence from Chinese listed firms. Based on the data of 3855 Chinese A-share listed firm-year observations during 2011–2021, this study employed a panel data fixed effects model to ascertain the association between the proposed variables. The results indicate that digital transformation has a significant positive effect on accelerating capital structure adjustment speed. Furthermore, we show that digital transformation promotes dynamic capital structure adjustment through financial flexibility. The impact of digital transformation on dynamic capital structure adjustment is characterized by heterogeneity in the ownership type, asset size, and credit cycle. In addition, reduced financing constraints and growing economic policy uncertainty will moderate the relationship between digital transformation and dynamic capital structure adjustment. Our findings provide insights into how digital transformation is driving companies to accelerate their capital structure adjustment speed to the optimal, and supplements the existing literature on the determinants of dynamic capital structure adjustment.","PeriodicalId":52858,"journal":{"name":"syst mt`lyh","volume":"46 1","pages":"330"},"PeriodicalIF":0.0,"publicationDate":"2023-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88201750","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

How Does the Digital Transformation of Banks Improve Efficiency and Environmental, Social, and Governance Performance? 银行数字化转型如何提高效率、环境、社会和治理绩效?

syst mt`lyh Pub Date : 2023-06-26 DOI: 10.3390/systems11070328

Yongjie Zhu, Shanyue Jin

{"title":"How Does the Digital Transformation of Banks Improve Efficiency and Environmental, Social, and Governance Performance?","authors":"Yongjie Zhu, Shanyue Jin","doi":"10.3390/systems11070328","DOIUrl":"https://doi.org/10.3390/systems11070328","url":null,"abstract":"In the era of the digital economy, traditional industries have begun to realize digital transformations. For commercial banks, digital transformation is a trend and a requirement and is the only way to achieve sustainable development. At the same time, at the helm of the enterprise, executives play an essential role in the development of commercial banks. This study explored the relationship between digital bank transformation and bank efficiency, environment, society, and corporate governance (ESG) through empirical analysis, and how executives’ innovation awareness and executive technical background affect the relationships between digital bank transformation, bank efficiency, and ESG. This study used the regression method of fixed effects to conduct empirical research on the data of China’s A-share listed banks from 2011 to 2021. The research results show that the digital transformation of banks has improved efficiency and promoted the ESG performance of commercial banks. At the same time, executives’ innovation consciousness and technical background have played a positive regulatory role in banks’ digital transformation to promote bank efficiency and ESG. The main research object of this study was Chinese commercial banks. The bank’s digital transformation results were examined and the research was expanded to digital transformation and ESG. At the same time, this study has particular significance for investors who have a financial interest in banks.","PeriodicalId":52858,"journal":{"name":"syst mt`lyh","volume":"68 1","pages":"328"},"PeriodicalIF":0.0,"publicationDate":"2023-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80906563","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 Risk Evaluation of Hydropower Engineering EPC Project Based on Improved Fuzzy Evidence Reasoning Model 基于改进模糊证据推理模型的水电工程总承包项目风险评价研究

syst mt`lyh Pub Date : 2023-06-26 DOI: 10.3390/systems11070327

Q. Li, Ying Guo, Bo Wang, Yingqi Chen, Jiaxiao Xie, Chuanhao Wen

{"title":"Research on Risk Evaluation of Hydropower Engineering EPC Project Based on Improved Fuzzy Evidence Reasoning Model","authors":"Q. Li, Ying Guo, Bo Wang, Yingqi Chen, Jiaxiao Xie, Chuanhao Wen","doi":"10.3390/systems11070327","DOIUrl":"https://doi.org/10.3390/systems11070327","url":null,"abstract":"As clean renewable energy with strong advantages, hydropower plays an extremely important role in promoting green development and energy allocation patterns. Hydropower project construction is characterized by long duration, large scale, high cost, many participants, and complex construction conditions, and is closely related to the economy, society, and ecological environment, and its construction management mode and construction risk management have become the focus of extensive attention from all walks of life. In this paper, the risk evaluation index system of hydropower engineering EPC project is constructed, and the linear weighted combination method is introduced to determine the comprehensive weights based on the calculation of weights by sequential relationship method and entropy weight method, and the improved fuzzy normal distribution is introduced as the subordinate function distribution of fuzzy evaluation level based on DS evidence theory and fuzzy theory. The risk evaluation model of a hydropower engineering EPC project is also established. Meanwhile, the model was analyzed with hydropower project examples to verify the accuracy and practicality of the model, which can guide hydropower project stakeholders to manage hydropower project risks comprehensively, collaboratively, and efficiently, and provide decision support for hydropower project construction risk management.","PeriodicalId":52858,"journal":{"name":"syst mt`lyh","volume":"84 1","pages":"327"},"PeriodicalIF":0.0,"publicationDate":"2023-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81252983","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

Identification of Customer Churn Considering Difficult Case Mining 基于难案例挖掘的客户流失识别

syst mt`lyh Pub Date : 2023-06-25 DOI: 10.3390/systems11070325

Jianfeng Li, Xuepeng Bai, Qian Xu, Dexiang Yang

引用次数: 0

NativeVRF: A Simplified Decentralized Random Number Generator on EVM Blockchains 原生evrf: EVM区块链上简化的去中心化随机数生成器

syst mt`lyh Pub Date : 2023-06-25 DOI: 10.3390/systems11070326

Warodom Werapun, Tanakorn Karode, Jakapan Suaboot, T. Arpornthip, Esther Sangiamkul

{"title":"NativeVRF: A Simplified Decentralized Random Number Generator on EVM Blockchains","authors":"Warodom Werapun, Tanakorn Karode, Jakapan Suaboot, T. Arpornthip, Esther Sangiamkul","doi":"10.3390/systems11070326","DOIUrl":"https://doi.org/10.3390/systems11070326","url":null,"abstract":"Smart contracts refer to small programs that run in a decentralized blockchain infrastructure. The blockchain system is trustless, and the determination of common variables is done by consensus between peers. Developing applications that require generating random variables becomes significantly challenging—for instance, lotteries, games, and random assignments. Many random number generators (RNGs) for smart contracts have been developed for the decentralized environment. The methods can be classified into three categories: on-chain RNG, Verifiable Random Function (VRF), and the Commit–reveal scheme. Although the existing methods offer different strengths and weaknesses, none achieves the three important requirements for an ideal RNG solution: security, applicability, and cost efficiency. This paper proposes a novel RNG approach called Native VRF, which offers application development simplicity and cost efficiency while maintaining strong RNG security properties. Experimental results show that Native VRF has the same security properties as the widely used RNG methods, i.e., Randao and Chainlink VRF. On top of that, our work offers a much simpler setup process and lower hardware resources and developer expertise requirements. Most importantly, the proposed Native VRF is compatible with all Ethereum virtual machine (EVM) blockchains, contributing to the overall growth of the blockchain ecosystem.","PeriodicalId":52858,"journal":{"name":"syst mt`lyh","volume":"48 1","pages":"326"},"PeriodicalIF":0.0,"publicationDate":"2023-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79149330","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 Manufacturers' Logistics Strategy Selection in the Context of E-Commerce 电子商务背景下制造商物流战略选择研究

syst mt`lyh Pub Date : 2023-06-24 DOI: 10.3390/systems11070324

H. Liu, Yanan Zhao

{"title":"Research on Manufacturers' Logistics Strategy Selection in the Context of E-Commerce","authors":"H. Liu, Yanan Zhao","doi":"10.3390/systems11070324","DOIUrl":"https://doi.org/10.3390/systems11070324","url":null,"abstract":"This paper explores the logistics strategy selection of a manufacturer that uses two sales channels (resale and agency channels) to sell the same product through an E-commerce platform. The agency channel offers two logistic strategies, low-quality logistics services provided by third-party enterprises (Strategy N) and high-quality logistics services provided by the platform (Strategy S). When the manufacturer opts for Strategy S, a portion of the market share of the resale channel shifts to the agency channel, which results in the platform logistics effect. We developed a game-theoretic model to investigate the equilibrium results of a manufacturer under different logistics strategies. The results show that there exists a threshold for the platform logistics effect. When the platform logistics effect is lower than this threshold, the manufacturer prefers Strategy N. Otherwise, the manufacturer prefers Strategy S. However, when the platform logistics price reaches a certain level, the manufacturer will always prefer Strategy N. Our study provides valuable insights for manufacturers and e-commerce platforms to optimize their operational decisions based on different logistics strategies. It also helps manufacturers make rational choices about logistics strategies.","PeriodicalId":52858,"journal":{"name":"syst mt`lyh","volume":"41 1","pages":"324"},"PeriodicalIF":0.0,"publicationDate":"2023-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80911171","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

Complementary Assets, Organizational Modularization, and Platform Enterprise Value Innovation 互补资产、组织模块化与平台企业价值创新

syst mt`lyh Pub Date : 2023-06-24 DOI: 10.3390/systems11070323

Kexin Rong, Long-ying Hu

{"title":"Complementary Assets, Organizational Modularization, and Platform Enterprise Value Innovation","authors":"Kexin Rong, Long-ying Hu","doi":"10.3390/systems11070323","DOIUrl":"https://doi.org/10.3390/systems11070323","url":null,"abstract":"In the platform economy, platform enterprises connect producers and customers, matching diverse supply with diverse demand to achieve profit goals. The big data assets and marketing relationships owned by platform enterprises are complementary assets, and their modular organizational structure is crucial for enhancing enterprise value innovation. The existing literature lacks in-depth exploration of the impact of complementary assets on platform enterprises. Therefore, the research purpose of this article is to investigate the impact of complementary assets and organizational modularity on platform enterprise value innovation. Taking Meituan as the research object, this paper adopts the single case-study method of grounded theory coding to explore the relationship between complementary assets, organizational modularity, and platform enterprise value innovation. Research has shown that organizational modularity includes two dimensions, dependency and structural arrangement, while value innovation includes three dimensions, customer value innovation, product value, and innovation ability. Among them, complementary assets and organizational modularity both have a positive impact on platform enterprise value innovation, and organizational modularity plays a moderating role in the impact of complementary assets on platform enterprise value innovation. The research results have enriched the research on complementary assets, organizational modularity, and value innovation theory, providing a theoretical basis and inspiration for enterprise organizational design and better utilization of complementary assets.","PeriodicalId":52858,"journal":{"name":"syst mt`lyh","volume":"8 1","pages":"323"},"PeriodicalIF":0.0,"publicationDate":"2023-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74403881","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

A Novel Authentication and Communication Protocol for Urban Traffic Monitoring in VANETs Based on Cluster Management 一种基于集群管理的vanet城市交通监控认证与通信协议

syst mt`lyh Pub Date : 2023-06-24 DOI: 10.3390/systems11070322

R. Latif, Muhammad Jamil, Jinliao He, Muhammad Farhan

{"title":"A Novel Authentication and Communication Protocol for Urban Traffic Monitoring in VANETs Based on Cluster Management","authors":"R. Latif, Muhammad Jamil, Jinliao He, Muhammad Farhan","doi":"10.3390/systems11070322","DOIUrl":"https://doi.org/10.3390/systems11070322","url":null,"abstract":"City zones have become increasingly overcrowded due to the extensive population widening ratio and the swift relocation of people from villages. The traffic monitoring process is a significant issue in these areas due to the massive traffic flow on the roads. This research proposed a cluster-based improved authentication and communication protocol for an Intelligent Transportation System in Vehicular AdHoc Networks (VANETs). Our primary objective is to optimize resource sharing in vehicular communication. We enhanced the reliability, scalability, and stability of fast-moving VANETs by introducing cluster-based routing protocols for Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communications. We used a third-party certification authority for vehicle authentication to address security and privacy concerns. Our proposed protocol support minimizes the end-to-end (E2E) delay and route request and reduces link failure. Our protocol’s leading yield includes throughput enhancement, TCP Socket Initialization time minimization, TCP handshake response speedup, and DNS lookup improvement. The protocols are centered on short-range peer-to-peer (P2P) wireless communication in a 400 m radius cluster. They include innovative P2P wireless communications on VANET using minimized resources. The proposed protocols deliver a secure authentication mechanism with a securely generated vehicle authentication key provided by a certification authority. Furthermore, we have developed RESTful APIs in vehicular communication for implementation purposes and also offered and implemented algorithms for resource sharing regarding V2V and V2I communication. Ultimately, we evaluated the performance of our experiments.","PeriodicalId":52858,"journal":{"name":"syst mt`lyh","volume":"186 1","pages":"322"},"PeriodicalIF":0.0,"publicationDate":"2023-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77037509","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

Model Based Systems Engineering with a Docs-as-Code Approach for the SeaLion CubeSat Project 基于模型的系统工程与文档即代码方法的SeaLion CubeSat项目

syst mt`lyh Pub Date : 2023-06-23 DOI: 10.3390/systems11070320

Kevin Chiu, Sean Marquez, S. Asundi

引用次数: 0

Analysis of Omni-Channel Evolution Game Strategy for E-Commerce Enterprises in the Context of Online and Offline Integration 线上线下融合背景下电子商务企业全渠道演化博弈策略分析

syst mt`lyh Pub Date : 2023-06-23 DOI: 10.3390/systems11070321

Yingying Cheng, Bo Xie, Keyu An

{"title":"Analysis of Omni-Channel Evolution Game Strategy for E-Commerce Enterprises in the Context of Online and Offline Integration","authors":"Yingying Cheng, Bo Xie, Keyu An","doi":"10.3390/systems11070321","DOIUrl":"https://doi.org/10.3390/systems11070321","url":null,"abstract":"With the upgrading of people’s consumption patterns, the omni-channel supply chain becomes the mainstream form of e-commerce platform enterprise development. Aiming at two different e-commerce enterprises, we construct an evolutionary game model for enterprises’ “online+offline” omni-channel construction strategy by self-build or cooperating with brick-and-mortar stores. It is based on the Stackelberg and Cournot competition model, combined with the omni-channel pricing strategy, using the theory of perfect rationality and bounded rationality, and combing the non-cooperative game and evolutionary game to realize. Moreover, the evolutionary game process is simulated. Through the dynamic changes of the system, the strategy selection behavior mechanism of the retail channel subjects is deeply analyzed. It is found that enterprises’ strategy choices are influenced by both competitors and profits, and evolutionary stabilization strategies are not unique. In addition, changes in consumer loyalty, physical feelings, and sharing ratio during the evolutionary process will affect the stability rate of enterprises’ behavioral choices.","PeriodicalId":52858,"journal":{"name":"syst mt`lyh","volume":"72 1","pages":"321"},"PeriodicalIF":0.0,"publicationDate":"2023-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75636116","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