Pub Date : 1900-01-01DOI: 10.2991/assehr.k.211209.035
Yufei Li
{"title":"Analysis on Factors Affecting Life Insurance Demand in China","authors":"Yufei Li","doi":"10.2991/assehr.k.211209.035","DOIUrl":"https://doi.org/10.2991/assehr.k.211209.035","url":null,"abstract":"","PeriodicalId":322864,"journal":{"name":"Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)","volume":"22 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124875301","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":"Do Hedge Funds Hedge in Recent 20 Years?","authors":"Boya Di, Shuming Zhao, Yuting Lei, Zhihao Ke, Gaohao Zhu, Ziyuan Kang","doi":"10.2991/assehr.k.211209.056","DOIUrl":"https://doi.org/10.2991/assehr.k.211209.056","url":null,"abstract":"","PeriodicalId":322864,"journal":{"name":"Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125010556","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}
Pub Date : 1900-01-01DOI: 10.2991/assehr.k.211209.005
Yunchen Li, Zhongyue Li, Jianing Zhou
{"title":"Entry Point for China’s Climate Policy","authors":"Yunchen Li, Zhongyue Li, Jianing Zhou","doi":"10.2991/assehr.k.211209.005","DOIUrl":"https://doi.org/10.2991/assehr.k.211209.005","url":null,"abstract":"","PeriodicalId":322864,"journal":{"name":"Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)","volume":"100 5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125972667","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 Ethical Dilemma for Ele.Me","authors":"Yu Dong, Fuyun Li, Yuanhui Li, Yongqin Xie, Diyue Zhu","doi":"10.2991/assehr.k.211209.140","DOIUrl":"https://doi.org/10.2991/assehr.k.211209.140","url":null,"abstract":"","PeriodicalId":322864,"journal":{"name":"Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)","volume":"69 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126096802","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}
Pub Date : 1900-01-01DOI: 10.2991/assehr.k.211209.161
Zhendong Huang, Han Xiao, S. Xu
{"title":"Research on the Choice of Enterprise Value Investment under the COVID-19 Epidemic: A Case Study of Chinese Liquor Industry","authors":"Zhendong Huang, Han Xiao, S. Xu","doi":"10.2991/assehr.k.211209.161","DOIUrl":"https://doi.org/10.2991/assehr.k.211209.161","url":null,"abstract":"","PeriodicalId":322864,"journal":{"name":"Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123273995","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}
Pub Date : 1900-01-01DOI: 10.2991/assehr.k.211209.119
Qi-an Chen
{"title":"Analysis of Financial Statements During COVID-19 from the Perspective of Managers——Case Study Based on TME","authors":"Qi-an Chen","doi":"10.2991/assehr.k.211209.119","DOIUrl":"https://doi.org/10.2991/assehr.k.211209.119","url":null,"abstract":"","PeriodicalId":322864,"journal":{"name":"Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123549176","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}
Pub Date : 1900-01-01DOI: 10.2991/assehr.k.211209.273
Yueqi Li, Xianzi Wang, Zhensheng Zeng
Momentum effect is a common phenomenon in stock markets. This study reviews a few literatures to investigate the evidences of momentum effect and its rational explanations in the stock markets worldwide. Based on our analysis, evidences for momentum effect are summarized and categorized. It is concluded that momentum effect differs in different countries and regions. Specifically, time scales for the phenomenon in non-Asian countries are significantly longer than those in Asian countries. In terms of explanations for the momentum effect, existing theories can be divided into three genres: traditional finance based on a risk-return framework, behavioral finance stretched from prospect theory, as well as non-behavioral finance correlated. Our findings show that risk-based analysis in traditional finance cannot fully explain the momentum effect. Positive feedback mode, overreaction and underreaction characterized by anchoring effect and disposition biases will offer much more reasonable explanations for the momentum effect in different perspectives under behavioral finance framework. In reality, market states and other conditional exogenous factors (e.g., non-behavioral) sector sometimes make sense. These results make a vivid glimpse of momentum effect and shed light for researchers to get a profound insight into the core of stock market.
{"title":"Evidences and Explanations for the Momentum Effect in the World: A Literature Review","authors":"Yueqi Li, Xianzi Wang, Zhensheng Zeng","doi":"10.2991/assehr.k.211209.273","DOIUrl":"https://doi.org/10.2991/assehr.k.211209.273","url":null,"abstract":"Momentum effect is a common phenomenon in stock markets. This study reviews a few literatures to investigate the evidences of momentum effect and its rational explanations in the stock markets worldwide. Based on our analysis, evidences for momentum effect are summarized and categorized. It is concluded that momentum effect differs in different countries and regions. Specifically, time scales for the phenomenon in non-Asian countries are significantly longer than those in Asian countries. In terms of explanations for the momentum effect, existing theories can be divided into three genres: traditional finance based on a risk-return framework, behavioral finance stretched from prospect theory, as well as non-behavioral finance correlated. Our findings show that risk-based analysis in traditional finance cannot fully explain the momentum effect. Positive feedback mode, overreaction and underreaction characterized by anchoring effect and disposition biases will offer much more reasonable explanations for the momentum effect in different perspectives under behavioral finance framework. In reality, market states and other conditional exogenous factors (e.g., non-behavioral) sector sometimes make sense. These results make a vivid glimpse of momentum effect and shed light for researchers to get a profound insight into the core of stock market.","PeriodicalId":322864,"journal":{"name":"Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125294862","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}
Pub Date : 1900-01-01DOI: 10.2991/assehr.k.211209.185
Shuwei Zhang
In the rapid development of global economics, domestic large-scale enterprise companies represented by Huawei have accelerated the speed of product updates and technological progress. In the research of Huawei, this article uses Porter's five forces model to analyze the current competitive situation of Huawei from five different aspects. It can be concluded that if Huawei masters core technologies in both chips and systems, Huawei can quickly increase its market share and greatly improve its competitiveness.
{"title":"Research on Huawei’s Competitive Situation","authors":"Shuwei Zhang","doi":"10.2991/assehr.k.211209.185","DOIUrl":"https://doi.org/10.2991/assehr.k.211209.185","url":null,"abstract":"In the rapid development of global economics, domestic large-scale enterprise companies represented by Huawei have accelerated the speed of product updates and technological progress. In the research of Huawei, this article uses Porter's five forces model to analyze the current competitive situation of Huawei from five different aspects. It can be concluded that if Huawei masters core technologies in both chips and systems, Huawei can quickly increase its market share and greatly improve its competitiveness.","PeriodicalId":322864,"journal":{"name":"Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125570137","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}
Pub Date : 1900-01-01DOI: 10.2991/assehr.k.211209.510
Lei Qian
{"title":"Influence of Communication and Motivation to Team Innovation","authors":"Lei Qian","doi":"10.2991/assehr.k.211209.510","DOIUrl":"https://doi.org/10.2991/assehr.k.211209.510","url":null,"abstract":"","PeriodicalId":322864,"journal":{"name":"Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)","volume":"249 21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116380494","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}
Pub Date : 1900-01-01DOI: 10.2991/assehr.k.211209.551
Y. Long
In recent years, China’s traditional manufacturing industry has been facing a situation of transformation, resulting in frequent fluctuations in its stock prices. As a representative of the traditional manufacturing industry, the stock prices of the Construction Materials industry are often linked with policies. Therefore, it is essential to explore how policies affect the Construction Materials stocks. In this paper, the Iterative Cumulative Sums of Squares (ICSS) method is used to examine the daily rate of return of the CNI Construction Materials index between January 2015 and July 2021 to find the structural breakpoints. Then compare the effects of different policies according to the characteristics of stock volatility based on the Garch model with dummy variables and connect it with related policies. Besides, the CNI coal index and Real Estate index are introduced into the ADL regression model to explore the influence of other industrial policies on the Construction Materials industry. The results show that, firstly, energy conservation and green supervision to eliminate enterprises with backward production capacity can effectively reduce Construction Materials stocks' volatility. Second, the persistence of stock price fluctuations in the Construction Materials industry is significantly related to the abrupt changes caused by policies. Third, boosting the real estate price can increase the stock price of Construction Materials but increase the volatility, while raising the coal price forces the Construction Materials industry to transform to clean energy, and energy-saving is conducive to the steady growth of the stock price.
{"title":"An Empirical Study on the Impact of Policy on Stock Volatility of Construction Materials","authors":"Y. Long","doi":"10.2991/assehr.k.211209.551","DOIUrl":"https://doi.org/10.2991/assehr.k.211209.551","url":null,"abstract":"In recent years, China’s traditional manufacturing industry has been facing a situation of transformation, resulting in frequent fluctuations in its stock prices. As a representative of the traditional manufacturing industry, the stock prices of the Construction Materials industry are often linked with policies. Therefore, it is essential to explore how policies affect the Construction Materials stocks. In this paper, the Iterative Cumulative Sums of Squares (ICSS) method is used to examine the daily rate of return of the CNI Construction Materials index between January 2015 and July 2021 to find the structural breakpoints. Then compare the effects of different policies according to the characteristics of stock volatility based on the Garch model with dummy variables and connect it with related policies. Besides, the CNI coal index and Real Estate index are introduced into the ADL regression model to explore the influence of other industrial policies on the Construction Materials industry. The results show that, firstly, energy conservation and green supervision to eliminate enterprises with backward production capacity can effectively reduce Construction Materials stocks' volatility. Second, the persistence of stock price fluctuations in the Construction Materials industry is significantly related to the abrupt changes caused by policies. Third, boosting the real estate price can increase the stock price of Construction Materials but increase the volatility, while raising the coal price forces the Construction Materials industry to transform to clean energy, and energy-saving is conducive to the steady growth of the stock price.","PeriodicalId":322864,"journal":{"name":"Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)","volume":"214 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122380673","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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