The stock market is an important economic information center. The economic benefits generated by stock price prediction have attracted much attention. Although the stock market cannot be predicted accurately, the stock market’s prediction of the trend of stock prices helps in grasping the operation law of the stock market and the influence mechanism on the economy. The autoregressive integrated moving average (ARIMA) model is one of the most widely accepted and used time series forecasting models. Therefore, this paper first compares the return on investment (ROI) of Apple and Tesla, revealing that the ROI of Tesla is much greater than that of Apple, and subsequently focuses on ARIMA model’s prediction on the available time series data, thus concluding that the ARIMA model is better than the Naïve method in predicting the change in Tesla’s stock price trend.
{"title":"Forecasting Tesla’s Stock Price Using the ARIMA Model","authors":"Qiangwei Weng, Ruohan Liu, Zheng Tao","doi":"10.26689/pbes.v5i5.4331","DOIUrl":"https://doi.org/10.26689/pbes.v5i5.4331","url":null,"abstract":"\u0000 \u0000 \u0000The stock market is an important economic information center. The economic benefits generated by stock price prediction have attracted much attention. Although the stock market cannot be predicted accurately, the stock market’s prediction of the trend of stock prices helps in grasping the operation law of the stock market and the influence mechanism on the economy. The autoregressive integrated moving average (ARIMA) model is one of the most widely accepted and used time series forecasting models. Therefore, this paper first compares the return on investment (ROI) of Apple and Tesla, revealing that the ROI of Tesla is much greater than that of Apple, and subsequently focuses on ARIMA model’s prediction on the available time series data, thus concluding that the ARIMA model is better than the Naïve method in predicting the change in Tesla’s stock price trend. \u0000 \u0000 \u0000","PeriodicalId":310426,"journal":{"name":"Proceedings of Business and Economic Studies","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128889245","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}
Financial leasing is a financial innovation product with leasing and financing functions. The research on the theory of financial leasing and risk pricing methods should be highly valued. Rent is set based on the total revenue of the lessor and the total cost of the lessee. The factors that affect pricing include project costs, security deposits, fees, lease terms, revenue, interest rates, etc. Using the principle of net present value to elaborate the components of financial leases and constructing a financial lease pricing model from the perspective of maximizing the profit and interests of the lessor, an empirical analysis of the model was carried out using an actual case, thus concluding that the model is effective.
{"title":"Research on Financial Lease Pricing Model","authors":"Haifeng Jiang, Ruby Refuerzo Buccat","doi":"10.26689/pbes.v5i5.4352","DOIUrl":"https://doi.org/10.26689/pbes.v5i5.4352","url":null,"abstract":"Financial leasing is a financial innovation product with leasing and financing functions. The research on the theory of financial leasing and risk pricing methods should be highly valued. Rent is set based on the total revenue of the lessor and the total cost of the lessee. The factors that affect pricing include project costs, security deposits, fees, lease terms, revenue, interest rates, etc. Using the principle of net present value to elaborate the components of financial leases and constructing a financial lease pricing model from the perspective of maximizing the profit and interests of the lessor, an empirical analysis of the model was carried out using an actual case, thus concluding that the model is effective.","PeriodicalId":310426,"journal":{"name":"Proceedings of Business and Economic Studies","volume":"2018 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126475591","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}
By analyzing the current situation of smart tourism construction in combination with the actual tourism situation in Sanya, this study aims to find out the problems existing in the current smart tourism construction and understand the various factors affecting the smart tourism construction in Sanya. Then, relevant theories and practical applications were used to study the ways to carry out smart tourism construction with the help of policy, location and other advantages to meet the needs of the development of the times. Based on the study, practical countermeasures and suggestions were given to provide reference for the construction of smart tourism, ensure the continuous improvement of smart tourism construction, and help the upgrading and transformation of tourism in Sanya. Based on the analysis of the construction and data of smart tourism and tourism informatization in Sanya, this article has formed a useful method to help Sanya build an international tourist island, as well as using the Hainan Free Trade Port construction policy to build a modern smart tourism city.
{"title":"Research on the Countermeasures of Smart Tourism Construction in Sanya Under the Background of Free Trade Port Construction","authors":"Kun-Min Zhang, Xuebing Huang, Dongwei Yang, Kaparova·Kumushai, Zilu Zhang","doi":"10.26689/pbes.v5i5.3783","DOIUrl":"https://doi.org/10.26689/pbes.v5i5.3783","url":null,"abstract":"By analyzing the current situation of smart tourism construction in combination with the actual tourism situation in Sanya, this study aims to find out the problems existing in the current smart tourism construction and understand the various factors affecting the smart tourism construction in Sanya. Then, relevant theories and practical applications were used to study the ways to carry out smart tourism construction with the help of policy, location and other advantages to meet the needs of the development of the times. Based on the study, practical countermeasures and suggestions were given to provide reference for the construction of smart tourism, ensure the continuous improvement of smart tourism construction, and help the upgrading and transformation of tourism in Sanya. Based on the analysis of the construction and data of smart tourism and tourism informatization in Sanya, this article has formed a useful method to help Sanya build an international tourist island, as well as using the Hainan Free Trade Port construction policy to build a modern smart tourism city.","PeriodicalId":310426,"journal":{"name":"Proceedings of Business and Economic Studies","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133764664","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}
With the development of China’s tourism industry, the promotion of tourism brand mascots should be further optimized. By improving the promotion of tourism brand mascots, the connotation of tourism can be effectively expanded, so as to attract more consumers to participate in tourism activities. Promoting the mascots of tourism brands from different angles and levels will help increase the popularity of tourism brands and enhance people’s understanding of the culture and connotation of tourism brands [1]. Therefore, this article will discuss the promotion of tourism brand mascots and put forward several strategies for reference.
{"title":"Research on Tourism Brand Mascot Promotion","authors":"Guanqi Qiu","doi":"10.26689/pbes.v5i4.4155","DOIUrl":"https://doi.org/10.26689/pbes.v5i4.4155","url":null,"abstract":"With the development of China’s tourism industry, the promotion of tourism brand mascots should be further optimized. By improving the promotion of tourism brand mascots, the connotation of tourism can be effectively expanded, so as to attract more consumers to participate in tourism activities. Promoting the mascots of tourism brands from different angles and levels will help increase the popularity of tourism brands and enhance people’s understanding of the culture and connotation of tourism brands [1]. Therefore, this article will discuss the promotion of tourism brand mascots and put forward several strategies for reference.","PeriodicalId":310426,"journal":{"name":"Proceedings of Business and Economic Studies","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127859890","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}
By constructing a comprehensive evaluation system for Guangdong’s foreign trade business environment based on the annual data from 2015 to 2019, factor analysis and entropy weight method are adopted to analyze Guangdong’s foreign trade business environment in recent years. This study discusses the aspects that the government should focus on in order to improve the foreign trade business environment more effectively. The results of the study are as follows: first, the overall differences in the foreign trade business environment of the Pearl River Delta urban agglomeration are small, and the cities play an important role in improving the foreign trade business environment; second, the foreign trade business environment is not fully constrained by economic development, so the foreign trade business environment can be more advanced than the city’s economic level and serve as the impetus for economic growth; third, there has been an improvement in how the attractiveness of foreign capital influences the foreign trade business environment. The Regional Comprehensive Economic Partnership (RCEP) agreement should be implemented in local cities, in order to construct an institutional framework of fair competition, enhance the transparency of investment barriers, and strengthen the protection of foreign investors’ rights.
{"title":"A Study on Guangdong Province Foreign Trade Business Environment Evaluation and Optimization Research","authors":"Yun Liu, Rouling Liao, Tingchen Wang","doi":"10.26689/pbes.v5i4.4156","DOIUrl":"https://doi.org/10.26689/pbes.v5i4.4156","url":null,"abstract":"By constructing a comprehensive evaluation system for Guangdong’s foreign trade business environment based on the annual data from 2015 to 2019, factor analysis and entropy weight method are adopted to analyze Guangdong’s foreign trade business environment in recent years. This study discusses the aspects that the government should focus on in order to improve the foreign trade business environment more effectively. The results of the study are as follows: first, the overall differences in the foreign trade business environment of the Pearl River Delta urban agglomeration are small, and the cities play an important role in improving the foreign trade business environment; second, the foreign trade business environment is not fully constrained by economic development, so the foreign trade business environment can be more advanced than the city’s economic level and serve as the impetus for economic growth; third, there has been an improvement in how the attractiveness of foreign capital influences the foreign trade business environment. The Regional Comprehensive Economic Partnership (RCEP) agreement should be implemented in local cities, in order to construct an institutional framework of fair competition, enhance the transparency of investment barriers, and strengthen the protection of foreign investors’ rights.","PeriodicalId":310426,"journal":{"name":"Proceedings of Business and Economic Studies","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124234166","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}
Based on the SOR (stimulus–organism–response) model to obtain 534 survey data from the MTurk platform, the relationship between external stimuli, psychological processes, and consumers’ stationery purchasing behavior was empirically analyzed using a multivariate ordered logistic regression model. In terms of marketing stimuli, consumers’ recognition of product quality and price as well as the convenience of purchasing channels significantly and positively influenced purchasing behavior; in terms of social stimuli, self’s opinion of needs and the positive evaluation of peers significantly and positively influenced purchasing behavior; in terms of psychological process, consumers’ knowledge, trust, willingness to know, and preference for stationery products significantly and positively influenced purchasing behavior. Accordingly, it is proposed that, in order to promote the purchase of stationery products, the production and operation links should ensure the quality of stationery products, promote price control in a reasonable range, guarantee a healthy, orderly, and convenient stationery market environment, as well as strengthen the multi-sensory promotion of stationery products.
{"title":"A Study on the Influence of External Stimuli and Psychological Processes on Stationery Purchase Behavior Based on SOR","authors":"Yiqi Li","doi":"10.26689/pbes.v5i4.4285","DOIUrl":"https://doi.org/10.26689/pbes.v5i4.4285","url":null,"abstract":"Based on the SOR (stimulus–organism–response) model to obtain 534 survey data from the MTurk platform, the relationship between external stimuli, psychological processes, and consumers’ stationery purchasing behavior was empirically analyzed using a multivariate ordered logistic regression model. In terms of marketing stimuli, consumers’ recognition of product quality and price as well as the convenience of purchasing channels significantly and positively influenced purchasing behavior; in terms of social stimuli, self’s opinion of needs and the positive evaluation of peers significantly and positively influenced purchasing behavior; in terms of psychological process, consumers’ knowledge, trust, willingness to know, and preference for stationery products significantly and positively influenced purchasing behavior. Accordingly, it is proposed that, in order to promote the purchase of stationery products, the production and operation links should ensure the quality of stationery products, promote price control in a reasonable range, guarantee a healthy, orderly, and convenient stationery market environment, as well as strengthen the multi-sensory promotion of stationery products.","PeriodicalId":310426,"journal":{"name":"Proceedings of Business and Economic Studies","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124042328","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}
Under the perspective of China’s economic transformation and upgrading, foreign trade is facing pressure from the transformation of internal economic capacity and external trade environment. It is urgent to explore new paths and directions, in order to realize the common evolution of the society, economy, system, and environment in China. From the rapid expansion of foreign trade in China towards high quality development, it is necessary to emphasize on the system, motivation, ability, and pattern; explore new development modes, change the development philosophy, delve into the connotation and characteristics of development, system supply, and organizational and technological innovation; as well as focus on cultivating a constant innovation drive, while capturing value and optimizing the foreign trade environment.
{"title":"A Study on Foreign Trade Strategies from the Perspective of China’s Economic Transformation and Upgrading","authors":"Siyi Feng, Renxi Gu","doi":"10.26689/pbes.v5i4.4306","DOIUrl":"https://doi.org/10.26689/pbes.v5i4.4306","url":null,"abstract":"Under the perspective of China’s economic transformation and upgrading, foreign trade is facing pressure from the transformation of internal economic capacity and external trade environment. It is urgent to explore new paths and directions, in order to realize the common evolution of the society, economy, system, and environment in China. From the rapid expansion of foreign trade in China towards high quality development, it is necessary to emphasize on the system, motivation, ability, and pattern; explore new development modes, change the development philosophy, delve into the connotation and characteristics of development, system supply, and organizational and technological innovation; as well as focus on cultivating a constant innovation drive, while capturing value and optimizing the foreign trade environment.","PeriodicalId":310426,"journal":{"name":"Proceedings of Business and Economic Studies","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133850933","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}
Consumption tax is calibrated within the price. The amount of consumption tax will directly affect the profits of enterprises. On a law-abiding premise, it is crucial to plan the consumption tax, reduce the burden of consumption tax, and increase the profits of enterprises. This article proposes several consumption tax planning strategies and methods to provide reference for taxpayers from three aspects: the scope of tax collection, the basis of tax calculation, and the tax rate.
{"title":"A Brief Discussion on Consumption Tax Planning","authors":"Fang He","doi":"10.26689/pbes.v5i4.4201","DOIUrl":"https://doi.org/10.26689/pbes.v5i4.4201","url":null,"abstract":"Consumption tax is calibrated within the price. The amount of consumption tax will directly affect the profits of enterprises. On a law-abiding premise, it is crucial to plan the consumption tax, reduce the burden of consumption tax, and increase the profits of enterprises. This article proposes several consumption tax planning strategies and methods to provide reference for taxpayers from three aspects: the scope of tax collection, the basis of tax calculation, and the tax rate.","PeriodicalId":310426,"journal":{"name":"Proceedings of Business and Economic Studies","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123878749","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}
In the new era of China’s retail business transformation, retail enterprises have launched online and offline omni-channels, developed all-category business models, and taken the step toward merger and acquisition expansion. This paper studies and analyzes the motivation and performance of Suning’s merger and acquisition of Carrefour China through literature research, case study, the financial index method, non-financial index method, and comparative analysis method. Based on the analysis, this merger and acquisition has improved Suning’s management efficiency but reduced its profitability and increased its risks, mainly due to the pressure of traditional business sales, the unstable operating channels, and the fact that the integration of the two parties has not achieved the desired results.
{"title":"Motivation and Performance Analyses of Suning’s Acquisition of Carrefour","authors":"Ying Gu, Guangxu Wang, Sisi Chen","doi":"10.26689/pbes.v5i4.4097","DOIUrl":"https://doi.org/10.26689/pbes.v5i4.4097","url":null,"abstract":"In the new era of China’s retail business transformation, retail enterprises have launched online and offline omni-channels, developed all-category business models, and taken the step toward merger and acquisition expansion. This paper studies and analyzes the motivation and performance of Suning’s merger and acquisition of Carrefour China through literature research, case study, the financial index method, non-financial index method, and comparative analysis method. Based on the analysis, this merger and acquisition has improved Suning’s management efficiency but reduced its profitability and increased its risks, mainly due to the pressure of traditional business sales, the unstable operating channels, and the fact that the integration of the two parties has not achieved the desired results.","PeriodicalId":310426,"journal":{"name":"Proceedings of Business and Economic Studies","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129363646","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}
With the deepening of economic globalization, the business environment has seen profound changes. The cost of aviation fuel has grown to represent a significant portion of air transportation costs for “energy-dependent” airlines. The cost of aviation fuel makes up a sizeable amount of Chinese airlines’ cost structure and is increasingly limiting their profitability. The question of how to control the cost of aviation fuel from various perspectives has garnered widespread attention. This paper puts forward an overlooked perspective – the procurement strategy. Firstly, it describes the necessity of aviation fuel cost control, and then analyzes specific cases of aviation fuel procurement cost control. Finally, it proposes several effective suggestions from the perspective of aviation fuel procurement, aiming to improve the refined management of Chinese airlines’ aviation fuel procurement.
{"title":"Airlines Cost Control in China: An Overlooked Perspective","authors":"Hong Wang","doi":"10.26689/pbes.v5i4.4119","DOIUrl":"https://doi.org/10.26689/pbes.v5i4.4119","url":null,"abstract":"With the deepening of economic globalization, the business environment has seen profound changes. The cost of aviation fuel has grown to represent a significant portion of air transportation costs for “energy-dependent” airlines. The cost of aviation fuel makes up a sizeable amount of Chinese airlines’ cost structure and is increasingly limiting their profitability. The question of how to control the cost of aviation fuel from various perspectives has garnered widespread attention. This paper puts forward an overlooked perspective – the procurement strategy. Firstly, it describes the necessity of aviation fuel cost control, and then analyzes specific cases of aviation fuel procurement cost control. Finally, it proposes several effective suggestions from the perspective of aviation fuel procurement, aiming to improve the refined management of Chinese airlines’ aviation fuel procurement.","PeriodicalId":310426,"journal":{"name":"Proceedings of Business and Economic Studies","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133603877","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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