The purpose of this paper is to investigate the long-term impact and short-term dynamics of macroeconomic variables on China's housing prices. The Vector Auto-regression (VAR) model has been applied. The empirical results suggest that an equilibrium relationship exists and in the long run the gross domestic product growth rate (GDP growth), consumer price index (CPI) and Shenzhen composite stock index (SI) emerge as the most important variables for housing prices. The outputs of Granger causality test also indicate that these three variables are all granger causes of housing prices. The dynamic analysis shows that the CPI followed by the housing price lagged variable is the variable with the most explanatory power for the variation of the housing prices. In the short-run, housing prices responses to the shock of itself apparently than the shocks from the rest.
{"title":"Macroeconomic Determinants of China's Housing Prices","authors":"Peiwen Li","doi":"10.1145/3157754.3157780","DOIUrl":"https://doi.org/10.1145/3157754.3157780","url":null,"abstract":"The purpose of this paper is to investigate the long-term impact and short-term dynamics of macroeconomic variables on China's housing prices. The Vector Auto-regression (VAR) model has been applied. The empirical results suggest that an equilibrium relationship exists and in the long run the gross domestic product growth rate (GDP growth), consumer price index (CPI) and Shenzhen composite stock index (SI) emerge as the most important variables for housing prices. The outputs of Granger causality test also indicate that these three variables are all granger causes of housing prices. The dynamic analysis shows that the CPI followed by the housing price lagged variable is the variable with the most explanatory power for the variation of the housing prices. In the short-run, housing prices responses to the shock of itself apparently than the shocks from the rest.","PeriodicalId":177072,"journal":{"name":"Proceedings of the 8th International Conference on E-business, Management and Economics","volume":"64 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121918186","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}
As the most stringent and effective food quality assurance system, the hazard analysis and critical control point (HACCP) system is widely valued by global food companies. Foreign research shows that the motivation of adopting HACCP in the enterprise will affect its implementation effect of the quality assurance system. Based on the large sample research of HACCP certified or validated food enterprises, in the form of questionnaire survey, this paper uses the factor analysis method to analyze the influence factors of enterprises with different characteristics adopting HACCP. The results here show that the motivation of enterprises adopting HACCP varies with the basic characteristics of the enterprise. "Sales network" has a positive impact on the strategic motivation, the enterprises that have exported products are more inclined to adopt HACCP initiatively; the enterprise scale is larger, the strategic motivation tendency is more obvious; meanwhile, the impact of "sales network" to the followership motivation is also significant.
{"title":"Enterprise HACCP Adoption Motivation and Influence Factors Analysis","authors":"Xia Liu, Fengtian Zheng, Yuan Qin, Xuezhang Chen, Huiz-han Gu","doi":"10.1145/3157754.3157777","DOIUrl":"https://doi.org/10.1145/3157754.3157777","url":null,"abstract":"As the most stringent and effective food quality assurance system, the hazard analysis and critical control point (HACCP) system is widely valued by global food companies. Foreign research shows that the motivation of adopting HACCP in the enterprise will affect its implementation effect of the quality assurance system. Based on the large sample research of HACCP certified or validated food enterprises, in the form of questionnaire survey, this paper uses the factor analysis method to analyze the influence factors of enterprises with different characteristics adopting HACCP. The results here show that the motivation of enterprises adopting HACCP varies with the basic characteristics of the enterprise. \"Sales network\" has a positive impact on the strategic motivation, the enterprises that have exported products are more inclined to adopt HACCP initiatively; the enterprise scale is larger, the strategic motivation tendency is more obvious; meanwhile, the impact of \"sales network\" to the followership motivation is also significant.","PeriodicalId":177072,"journal":{"name":"Proceedings of the 8th International Conference on E-business, Management and Economics","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128800858","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}
Personal information is the common wealth of consumers and producers, and the phenomenon of using personal information for commercial purposes is particularly prominent in the field of E-commerce. However, there is no clear judgement on the value of personal information in the existing market transaction process. By summarizing the basic concepts and valuation methods of personal information, this study introduced the contingent valuation method (CVM) which was widely used in the valuation of non-market value of public goods into the value assessment of consumers' personal information. In the empirical research process, the combination of open-ended pre-survey and dichotomous choice contingent valuation method (DCCVM) was adopted; for the consumers of online movie ticketing platform, the first 300 questionnaires were issued to obtain the initial bids, and then the 661 questionnaires were issued to get their willingness to accept (WTA) for providing the platform with personal information. Finally, using willingness-to-accept model, this study gets the average value of consumers' age and home address information on movie ticketing platform and confirms that the CVM is an effective method to assess the value of personal information based on individual perspective.
{"title":"Valuation of Personal Information in the E-commerce Websites based on Contingent Valuation Method","authors":"Yijun Huang, Tong Lu","doi":"10.1145/3157754.3157763","DOIUrl":"https://doi.org/10.1145/3157754.3157763","url":null,"abstract":"Personal information is the common wealth of consumers and producers, and the phenomenon of using personal information for commercial purposes is particularly prominent in the field of E-commerce. However, there is no clear judgement on the value of personal information in the existing market transaction process. By summarizing the basic concepts and valuation methods of personal information, this study introduced the contingent valuation method (CVM) which was widely used in the valuation of non-market value of public goods into the value assessment of consumers' personal information. In the empirical research process, the combination of open-ended pre-survey and dichotomous choice contingent valuation method (DCCVM) was adopted; for the consumers of online movie ticketing platform, the first 300 questionnaires were issued to obtain the initial bids, and then the 661 questionnaires were issued to get their willingness to accept (WTA) for providing the platform with personal information. Finally, using willingness-to-accept model, this study gets the average value of consumers' age and home address information on movie ticketing platform and confirms that the CVM is an effective method to assess the value of personal information based on individual perspective.","PeriodicalId":177072,"journal":{"name":"Proceedings of the 8th International Conference on E-business, Management and Economics","volume":"165 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114106451","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}
This paper establishes a two-tier cloud computing service supply chain model composed of an application infrastructure provider (AIP) and an application service provider (ASP). Aiming at the pricing problem of cloud computing service supply chain computing capacity, the queuing model of cloud computing service supply chain is established. Afterwards, we analyze the profitability of supply chain members and design a two-part tariff to make the leasing price of cloud computing service be agreed on. Finally, the validity of two-part tariff is verified by numerical analysis.
{"title":"Coordination of Pricing Decisions in a Cloud Computing Service Supply Chain","authors":"Yu Zhong, Lingyun Wei","doi":"10.1145/3157754.3157776","DOIUrl":"https://doi.org/10.1145/3157754.3157776","url":null,"abstract":"This paper establishes a two-tier cloud computing service supply chain model composed of an application infrastructure provider (AIP) and an application service provider (ASP). Aiming at the pricing problem of cloud computing service supply chain computing capacity, the queuing model of cloud computing service supply chain is established. Afterwards, we analyze the profitability of supply chain members and design a two-part tariff to make the leasing price of cloud computing service be agreed on. Finally, the validity of two-part tariff is verified by numerical analysis.","PeriodicalId":177072,"journal":{"name":"Proceedings of the 8th International Conference on E-business, Management and Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131096837","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}
Although the data from different literature materials and other related researches presented give us essential evidence of racial and ethnical inequalities in admissions to college, it is still not enough to prove the assumptions on the basis of empiricism study. From this case, in order to strengthen the finding from previous researches and make it more precise, this paper presents a research proposal of developing a statistical model to access the degree of racial preference in college admission.
{"title":"The Research Proposal of Racial Inequalities against Asian American in College Admission based on Regression Model","authors":"Wenjie Xing, M. Guan","doi":"10.1145/3157754.3157772","DOIUrl":"https://doi.org/10.1145/3157754.3157772","url":null,"abstract":"Although the data from different literature materials and other related researches presented give us essential evidence of racial and ethnical inequalities in admissions to college, it is still not enough to prove the assumptions on the basis of empiricism study. From this case, in order to strengthen the finding from previous researches and make it more precise, this paper presents a research proposal of developing a statistical model to access the degree of racial preference in college admission.","PeriodicalId":177072,"journal":{"name":"Proceedings of the 8th International Conference on E-business, Management and Economics","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130517800","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}
This study aims to explore how Confucian philosophy - guanxi influences the effectiveness of advertisement in social media under Vietnamese context. This study used an online survey and hierarchical regression approach to test the research framework. Drawing on a sample of 341 respondents in Vietnam, the results show that (a) the guanxi still have critical impact on the effectiveness of advertisement in social media, (b) the purchase-decision involvement plays a minor role of moderating the effect of guanxi, especially the thought of renqing, (c) the Xinyong shown the strongest positive impact on the effectiveness, then following by renqing and ganqing. We also propose several practical implications for those who want to improve advertisement's effectiveness via social media in Vietnam.
{"title":"The Guanxi Influencing Effectiveness of Advertisement in Social Media: An Analysis of Netizen's Perception in Vietnam","authors":"Wen-Kuei Wu, Ruby Nguyen","doi":"10.1145/3157754.3157771","DOIUrl":"https://doi.org/10.1145/3157754.3157771","url":null,"abstract":"This study aims to explore how Confucian philosophy - guanxi influences the effectiveness of advertisement in social media under Vietnamese context. This study used an online survey and hierarchical regression approach to test the research framework. Drawing on a sample of 341 respondents in Vietnam, the results show that (a) the guanxi still have critical impact on the effectiveness of advertisement in social media, (b) the purchase-decision involvement plays a minor role of moderating the effect of guanxi, especially the thought of renqing, (c) the Xinyong shown the strongest positive impact on the effectiveness, then following by renqing and ganqing. We also propose several practical implications for those who want to improve advertisement's effectiveness via social media in Vietnam.","PeriodicalId":177072,"journal":{"name":"Proceedings of the 8th International Conference on E-business, Management and Economics","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131171367","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}
This paper studies the bankruptcy of the Long-Term Credit Bank of Japan by examining the external and internal context during late 20th century. Then the paper carries out study on China Development Bank with the similar approaches of internal and external analysis. By comparing and contrasting between these two banks, the paper concludes similarities and differences, and finally draws lessons from LTCB's failure and offers implications to CDB in its future operation.
{"title":"The Bankruptcy of Long-term Credit Bank of Japan and the Implications to China Development Bank","authors":"Yalu Liu, Yaqiao Wu","doi":"10.1145/3157754.3157778","DOIUrl":"https://doi.org/10.1145/3157754.3157778","url":null,"abstract":"This paper studies the bankruptcy of the Long-Term Credit Bank of Japan by examining the external and internal context during late 20th century. Then the paper carries out study on China Development Bank with the similar approaches of internal and external analysis. By comparing and contrasting between these two banks, the paper concludes similarities and differences, and finally draws lessons from LTCB's failure and offers implications to CDB in its future operation.","PeriodicalId":177072,"journal":{"name":"Proceedings of the 8th International Conference on E-business, Management and Economics","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132327392","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}
The returns to education have become a hot topic since the 1990s. In this paper, we first present the OLS estimates and it shows that an additional year of schooling can increase monthly wages by 8-9%. However, because of the bias that is caused by the endogeneity of years of schooling, 2SLS estimates are also presented. The results from 2SLS show a 7.3% return to an additional year of education, which coincides with Angrist and Krueger's estimates. [1] Using the results from our data, we also estimate whether it is worthwhile pursuing a college degree with the increase in college tuition fee since 2012 in the UK, and find that on average the returns to a college degree is slightly lower than the opportunity costs.
{"title":"Is a College Degree Worth Pursuing?: Evidence from BHPS Dataset","authors":"Fengyuan Pan","doi":"10.1145/3157754.3157779","DOIUrl":"https://doi.org/10.1145/3157754.3157779","url":null,"abstract":"The returns to education have become a hot topic since the 1990s. In this paper, we first present the OLS estimates and it shows that an additional year of schooling can increase monthly wages by 8-9%. However, because of the bias that is caused by the endogeneity of years of schooling, 2SLS estimates are also presented. The results from 2SLS show a 7.3% return to an additional year of education, which coincides with Angrist and Krueger's estimates. [1] Using the results from our data, we also estimate whether it is worthwhile pursuing a college degree with the increase in college tuition fee since 2012 in the UK, and find that on average the returns to a college degree is slightly lower than the opportunity costs.","PeriodicalId":177072,"journal":{"name":"Proceedings of the 8th International Conference on E-business, Management and Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128581857","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}
China's standardization reform is under way. There is a new kind of standard which is association standard. Who can develop association standard is a critical factor to China's standardization reform. The State Council of China published in 2015 and in 2017. In these two documents there are different definitions for the association standard developer. This paper studies the criteria for the subject that be held civil liability as provided by General Rules of the Civil Law. Based on the analyses of characteristic of standard developers at home and abroad this paper points out that association standards developers shall be a legal person. After examining requirements for social organization as formulated by Ministry of Civil Affairs this paper insists that in addition to associations, foundations and non-profit organizations have a status of legal person and shall be accordingly classified into a category of association standards body. Even those alliance that have not been registered within the Civil Affairs Department can also be association standards developers.
{"title":"Study on the Legal Status of Association Standards Bodies in China under the Background of Standardization Reform","authors":"Xianghua Zhu","doi":"10.1145/3157754.3157767","DOIUrl":"https://doi.org/10.1145/3157754.3157767","url":null,"abstract":"China's standardization reform is under way. There is a new kind of standard which is association standard. Who can develop association standard is a critical factor to China's standardization reform. The State Council of China published <Plan for Furthering the Standardization Reforms >in 2015 and <Revised Draft Standardization Law of the People's Republic of China >in 2017. In these two documents there are different definitions for the association standard developer. This paper studies the criteria for the subject that be held civil liability as provided by General Rules of the Civil Law. Based on the analyses of characteristic of standard developers at home and abroad this paper points out that association standards developers shall be a legal person. After examining requirements for social organization as formulated by Ministry of Civil Affairs this paper insists that in addition to associations, foundations and non-profit organizations have a status of legal person and shall be accordingly classified into a category of association standards body. Even those alliance that have not been registered within the Civil Affairs Department can also be association standards developers.","PeriodicalId":177072,"journal":{"name":"Proceedings of the 8th International Conference on E-business, Management and Economics","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124937486","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}
The research study focuses on national culture and effects on the strategies and performance of international organizations working in Pakistan, which is further compared with domestic organizations. The research incorporates various factors such as language barriers, power distance, responsibilities and gender differences that have direct impact on overall performance of the organization. The research is purely qualitative research using interview analysis as the main data collection tool. The analysis is done in two parts. The first partdiscusses comparative analysis from the perspective of Geert Hofstede's and Edgar Schein's cultural dimensions while the latter discusses the findings of the research. The findings of the research manifests that there are various cultural factors that are responsible in shaping up the organizational performance. Additionally the working environment has a direct effect on the employee performance and organization's profitability.
{"title":"National Cultures Impact on Organizational Performance of International Organizations: A Comparative Analysis of International Development Sector Firms Working in Pakistan","authors":"Shakeel Khan","doi":"10.1145/3157754.3157759","DOIUrl":"https://doi.org/10.1145/3157754.3157759","url":null,"abstract":"The research study focuses on national culture and effects on the strategies and performance of international organizations working in Pakistan, which is further compared with domestic organizations. The research incorporates various factors such as language barriers, power distance, responsibilities and gender differences that have direct impact on overall performance of the organization. The research is purely qualitative research using interview analysis as the main data collection tool. The analysis is done in two parts. The first partdiscusses comparative analysis from the perspective of Geert Hofstede's and Edgar Schein's cultural dimensions while the latter discusses the findings of the research. The findings of the research manifests that there are various cultural factors that are responsible in shaping up the organizational performance. Additionally the working environment has a direct effect on the employee performance and organization's profitability.","PeriodicalId":177072,"journal":{"name":"Proceedings of the 8th International Conference on E-business, Management and Economics","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125163832","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}
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