{"title":"Research on the Effect of Margin and Short-selling on the Volatility of Stock Price","authors":"Jin Feng, Yue Wang, Yu-xin Li","doi":"10.1109/ICMSE.2018.8745288","DOIUrl":"https://doi.org/10.1109/ICMSE.2018.8745288","url":null,"abstract":"Since the introduction of margin trading in March 2010, the effect of margin trading on stock market volatility is always a hot topic. However, does margin trading stabilize stock market? What the effect in different lever period? The result of these studies is inconclusive. As one of the most important credit trading system, the margin trading provides a tool to avoid the market risks to investors. In Financial crisis, developed countries often take restrictive measures of margin trading to stabilize the market. From 2015 to 2016, the Chinese securities market has experienced a significant boom and crash, providing a precious natural opportunity for us to investigate the effect of margin trading in different lever period.The result shows that in the period of sharp leverage and de-leveraging, margin trading significantly heightened the stock market volatility. The finance load exchange heightened the stock market volatility, the securities load exchange exacerbated the stock market volatility. When the level in the reasonable interval, margin trading stabilized the stock market volatility. In this period, both finance and securities load exchange are stabilized the volatility. Therefore, regulatory authorities should be strengthen the supervision and regulation of the margin trading mechanism, the implementation of the policy of the margin trading, and it will play a positive effect to the market.","PeriodicalId":6847,"journal":{"name":"2018 International Conference on Management Science and Engineering (ICMSE)","volume":"18 1","pages":"234-240"},"PeriodicalIF":0.0,"publicationDate":"2018-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75893946","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":"Optimization Model for Multi-facet Requirement Service Chain Oriented Integrated Maintenance Plan","authors":"Jian-hua Yang, Long Guo","doi":"10.1109/ICMSE.2018.8745154","DOIUrl":"https://doi.org/10.1109/ICMSE.2018.8745154","url":null,"abstract":"Aiming at maintenance service chain with multiple service point requirement, this paper proposes an integrated maintenance plan optimization model in the condition of equipment maintenance by outsourcing companies. It analyzes resource allocation under multiple service point requirement from the perspective of service providers, explores the method of reasonable allocation of service personnel and devices used for maintenance under the circumstance of maintenance by outsourcing companies while meeting the constraint of different duration in multiple service points, and builds a resource allocation optimization model in multiple service points from the viewpoint of service demand enterprise. The model takes into consideration such constraints as service provider's trust degree, service duration, service cost and resource tightness, and proves with cases the effectiveness of resource allocation optimization model in multiple service points.","PeriodicalId":6847,"journal":{"name":"2018 International Conference on Management Science and Engineering (ICMSE)","volume":"14 1","pages":"1-11"},"PeriodicalIF":0.0,"publicationDate":"2018-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73245880","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}
Shu-rong Han, Chun-yan Chen, Xiang-hua Luo, Xingcai Liu
{"title":"The Impact of Economic Institutional Environment on CSR for Urban Employee Old Age Insurance","authors":"Shu-rong Han, Chun-yan Chen, Xiang-hua Luo, Xingcai Liu","doi":"10.1109/ICMSE.2018.8745053","DOIUrl":"https://doi.org/10.1109/ICMSE.2018.8745053","url":null,"abstract":"At present, the performance of corporate social responsibilities (CSR) in China is worrying. It does not perform its CSR for urban employee old age insurance well. Enterprises always evades their social responsibility of contributing to employee old age insurance. They uses various methods, such as false reports of the workers’ number and the use sub-contract agencies. Enterprises do not have good self-discipline and morality to consciously perform their social responsibilities, and corporate economic institutional environment has not played a role in restricting companies from circumventing social responsibilities and cannot effectively prevent the company’s moral hazard. Enterprises play a negative role in fulfilling CSR. This study will use CSR as lens to check the mechanism of how the institutional environmental constraints impacts on the fulfillment of CSR, and how to build a good economic institutional environment to guide and standardize enterprises in fulfilling their social responsibilities.","PeriodicalId":6847,"journal":{"name":"2018 International Conference on Management Science and Engineering (ICMSE)","volume":"70 1","pages":"325-330"},"PeriodicalIF":0.0,"publicationDate":"2018-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73113219","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 Relationship between Entrepreneurial Self-Efficacy and Entrepreneurial Intention","authors":"Zhongming Ren, Ping Li, Ya-xin Li","doi":"10.1109/ICMSE.2018.8744855","DOIUrl":"https://doi.org/10.1109/ICMSE.2018.8744855","url":null,"abstract":"This study examines the effects of the relationship between entrepreneurial self-efficacy and entrepreneurial intention. The empirical results from a survey of 644 Chinese students show that (1) entrepreneurial self-efficacy has a significant positive effect on entrepreneurial intention; (2) entrepreneurial attitude has a significant positive impact on entrepreneurial intention; and (3) entrepreneurial attitude fully mediates the relationship between entrepreneurial self-efficacy and entrepreneurial intention. The results challenge several findings of the existing research and provide a theoretical basis for enhancing university students’ entrepreneurial intentions.","PeriodicalId":6847,"journal":{"name":"2018 International Conference on Management Science and Engineering (ICMSE)","volume":"226 1","pages":"517-522"},"PeriodicalIF":0.0,"publicationDate":"2018-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77561628","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":"Dynamic Structure Embeddedness Process of Stakeholder Relationship Network in Brownfield Regeneration Based on Sequential Game Analysis","authors":"Yumeng Zhu, Hongli Lin, Qingye Han, N. Ahmad","doi":"10.1109/ICMSE.2018.8744703","DOIUrl":"https://doi.org/10.1109/ICMSE.2018.8744703","url":null,"abstract":"Considering earlier studies of stakeholder relationship network structure embeddedness mainly on static state, this paper describes the dynamic structure embeddedness process of brownfield regeneration stakeholder relationship network using the sequential game model. The results show that “high trust” is the sufficient condition for stakeholder who is at relationship network edge to deeply embedded into the relationship network by relationship transitivity and the reciprocity preference of stakeholder is the critical factor for improving relationship network structure embeddedness.","PeriodicalId":6847,"journal":{"name":"2018 International Conference on Management Science and Engineering (ICMSE)","volume":"46 1","pages":"406-411"},"PeriodicalIF":0.0,"publicationDate":"2018-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72870788","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":"Combination Evaluation Based Private Partner Selection of PPP Mode for Brownfield Redevelopment Project","authors":"Jie Zhang, Yumeng Zhu, Qingye Han, Hongli Lin","doi":"10.1109/ICMSE.2018.8745317","DOIUrl":"https://doi.org/10.1109/ICMSE.2018.8745317","url":null,"abstract":"The limited funding has become a major dilemma for the redevelopment of brownfields. Public Private Partnership (PPP) mode has been highlighted as a potential resolution for this challenge. A suitable private partner plays an important role for the successfully utilization of PPP in BRP. This paper provides a combination methodology to select the most suitable one. In detail, the evaluation index system of the available private partners is designed first. After that, the implementation processes of three commonly used evaluation methods, including fuzzy comprehensive evaluation, grey relational evaluation and TOPSIS, are presented separately. Following the consistency validation, a combination evaluation methodology based on the above three methods is designed finally. A case study is used to certify the applicability and effectiveness of the combined methodology.","PeriodicalId":6847,"journal":{"name":"2018 International Conference on Management Science and Engineering (ICMSE)","volume":"93 1","pages":"1-6"},"PeriodicalIF":0.0,"publicationDate":"2018-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73008107","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 Influence Factors of Technological SME’S Customer LoyaltyBased on Micro Marketing","authors":"Hong-tao Yang, Jianwei Yuan","doi":"10.1109/ICMSE.2018.8744970","DOIUrl":"https://doi.org/10.1109/ICMSE.2018.8744970","url":null,"abstract":"Customer loyalty has a significant value for the growth of technological companies. Previous scholars have conducted research on nine industries in the United States. The survey results show that for every 5% increase in customer loyalty, the company’s profits increase by 25%. The author studies the factors that influence the customer loyalty of SME in the context of micromarketing. The study finds out that interaction, customer experience, brand image and perceived risk all have impacts on customer loyalty. The order of influence ranked from big to small is interactive, customer experience, brand image and perceived risk. The author establishes an empirical model, and sends questionnaires to technological enterprises which use internet platform to keep customers to obtain data. This study expands the existing theories of customer loyalty’s influence factors, and helps SME to adjust their marketing strategies and better use means of micromarketing to promote customer loyalty.","PeriodicalId":6847,"journal":{"name":"2018 International Conference on Management Science and Engineering (ICMSE)","volume":"2 1","pages":"84-93"},"PeriodicalIF":0.0,"publicationDate":"2018-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75478262","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":"A Framework of an Intelligent Recommendation System for Particle Swarm Optimization Based on Meta-learning","authors":"Xue-min Liu, Li Li, Jia Wang, Jiaoju Ge, Jun Wang","doi":"10.1109/ICMSE.2018.8745084","DOIUrl":"https://doi.org/10.1109/ICMSE.2018.8745084","url":null,"abstract":"Particle swarm optimization has shown great advantages to solve NP-hard problems due to its simplicity, intelligence, efficiency and easy enhancement. However, with a large number of particle swarm optimization variants (PSOs) proposed, there are two issues: First, are the general problems of PSOs in terms of premature convergence, universality and robustness solved thoroughly? Second, how to find the relatively appropriate PSOs in a quick and efficient way when facing real-world complex optimization problems? Therefore, it is so necessary to develop an intelligent recommendation system for PSOs to provide users a black-box tool for various application problems.","PeriodicalId":6847,"journal":{"name":"2018 International Conference on Management Science and Engineering (ICMSE)","volume":"8 1","pages":"507-513"},"PeriodicalIF":0.0,"publicationDate":"2018-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81025173","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 Regional Differences Decomposition and Convergence Mechanism of Internet Finance Development of Seven Regions in China","authors":"Su Miao, Ying Chang","doi":"10.1109/ICMSE.2018.8745054","DOIUrl":"https://doi.org/10.1109/ICMSE.2018.8745054","url":null,"abstract":"Mainland China can be divided into seven regions: North China, East China, Northeast China, Central China, South China, Southwest China, and Northwest China. Based on the monthly data(March 2014 to December 2015)of Internet financial development index released by Ant Financial Services Group big data platform, this paper uses the Dagum, Gini coefficient and its decomposition method to decompose the regional differences between seven regions in the development of Internet finance. Based on spatial panel data regression model, this paper tests the σ convergence, β convergence. From March 2014 to December 2015, the overall regional development of Internet finance shows a declining trend. Differences in the North China is the biggest. The differences of inter-region is the main source of Internet financial differences. Internet financial development shows a typical σ convergence. Our study has important implications to narrow the regional differences in the development of Internet banking, and promote the coordinated development of Internet banking in different agglomerations.","PeriodicalId":6847,"journal":{"name":"2018 International Conference on Management Science and Engineering (ICMSE)","volume":"33 1","pages":"301-308"},"PeriodicalIF":0.0,"publicationDate":"2018-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80329835","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":"Measurement Model of the Construction Dividend of Megaprojects: A Case Study of the Guangle Expressway","authors":"Fang Zhang, Shuping Cheng, Yun Qiu","doi":"10.1109/ICMSE.2018.8745280","DOIUrl":"https://doi.org/10.1109/ICMSE.2018.8745280","url":null,"abstract":"Investment in megaprojects has a construction dividend. Taking the megaproject, the Guangle Expressway, as a case, this paper uses panel data from 41 cities, in Guangdong, Hunan, and Jiangxi, from 2000 to 2016 to construct a construction dividend measurement and evolution model based on multi-stage dummy variables. The results of the study indicate that: (1) The Guangle Expressway has a comprehensive dividend across its entire lifecycle. It has a dividend effect on economic growth, the adjustment of industrial structure, and the attraction of the cities along its route, and this effect evolves positively; (2) The investment in and construction of the Guangle Expressway have a significant dividend effect on related industries in the region, including construction, industry, transportation, retail and catering, finance and insurance, and so, during the construction and operation period, it promotes the development of related industries. The research results provide a theoretical basis for the calculation of the construction dividend of megaprojects in China, and provide new ideas for megaproject investment decisions.","PeriodicalId":6847,"journal":{"name":"2018 International Conference on Management Science and Engineering (ICMSE)","volume":"108 1","pages":"371-381"},"PeriodicalIF":0.0,"publicationDate":"2018-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82468069","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}