This paper firstly evaluates the use of two unconventional monetary policies (UMPs), forward guidance and quantitative easing, with their strengths and effective applications respectively. Besides, factors that influence the effectiveness of the two policies are being analyzed, thereby allowing us to predict how their effectiveness will be in a foreseeable future according to the changes in the factors. In this work, we find out that these factors have reduced the effectiveness of the two UMPs recently. Due to its weakened effectiveness, we made a conclusion that the two policies should not be considered as ‘a new normal’.
{"title":"Central Banking after the Great Recession in U.S.: a new normal?","authors":"J. Cheng, Sijia He, Zhuohan Yu, C. Zhou","doi":"10.1145/3474880.3474904","DOIUrl":"https://doi.org/10.1145/3474880.3474904","url":null,"abstract":"This paper firstly evaluates the use of two unconventional monetary policies (UMPs), forward guidance and quantitative easing, with their strengths and effective applications respectively. Besides, factors that influence the effectiveness of the two policies are being analyzed, thereby allowing us to predict how their effectiveness will be in a foreseeable future according to the changes in the factors. In this work, we find out that these factors have reduced the effectiveness of the two UMPs recently. Due to its weakened effectiveness, we made a conclusion that the two policies should not be considered as ‘a new normal’.","PeriodicalId":332978,"journal":{"name":"Proceedings of the 2021 5th International Conference on E-Education, E-Business and E-Technology","volume":"78 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131655417","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 asset-light operation has gradually become the focus of a new mode of operation for enterprises, it has become an urgent problem to explore its effect on enterprises. Based on this, this paper takes A-share listed companies on the Shanghai and Shenzhen stock exchanges in 2019 as research samples to explore how the asset-light operation model affects the human capital investment of enterprises. It is found that there is a significant positive correlation between asset-light operation and human capital investment, while the increase of R&D investment weakens this positive correlation. By exploring the role of asset-light operation on enterprise performance from a theoretical perspective, this paper provides a new perspective to explore the economic effects of the asset-light operation model on enterprises, and at the same time brings enlightenment to enterprises on how to balance different types of capital to promote the improvement of performance.
{"title":"Research on the Impact of Asset Light Operation on Human Capital Investment","authors":"Zeyu Yang","doi":"10.1145/3474880.3474895","DOIUrl":"https://doi.org/10.1145/3474880.3474895","url":null,"abstract":"As the asset-light operation has gradually become the focus of a new mode of operation for enterprises, it has become an urgent problem to explore its effect on enterprises. Based on this, this paper takes A-share listed companies on the Shanghai and Shenzhen stock exchanges in 2019 as research samples to explore how the asset-light operation model affects the human capital investment of enterprises. It is found that there is a significant positive correlation between asset-light operation and human capital investment, while the increase of R&D investment weakens this positive correlation. By exploring the role of asset-light operation on enterprise performance from a theoretical perspective, this paper provides a new perspective to explore the economic effects of the asset-light operation model on enterprises, and at the same time brings enlightenment to enterprises on how to balance different types of capital to promote the improvement of performance.","PeriodicalId":332978,"journal":{"name":"Proceedings of the 2021 5th International Conference on E-Education, E-Business and E-Technology","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131972821","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}
Music is one of the most critical objects of entertainment and spiritual consumption to human beings. It is also an essential part of the cultural industry and creative industry, which plays a vital role in stimulating consumption and realizing economic growth. With the rapid development of the Internet and information technology, online music platforms have rapidly emerged and become the mainstream listening channel for users. Accurately perceiving users’ needs has become the key to the sustainable development and competitiveness of online music platforms. First, This paper uses the web crawler to obtain the data of Netease cloud music, including online reviews and user data in the hot song list. Second, uses text analysis method and LDA theme model, combined with "uses and gratifications theory" to analyze user's demand awareness. The results show that Netease cloud music meets users' needs in entertainment, information, social, psychological benefits, and immersion. But it also has some problems in music copyright, UGC community management, empathy of platform functions, etc., then puts forward some suggestions for the development of Netease cloud music platform based on the demanded awareness of users. This paper also has reference value for similar online user demand perception research.
{"title":"User Demand Awareness and Analysis of Online Music——Take NetEase Cloud Music Platform as an Example","authors":"Xue Li, Junlong Dong","doi":"10.1145/3474880.3474886","DOIUrl":"https://doi.org/10.1145/3474880.3474886","url":null,"abstract":"Music is one of the most critical objects of entertainment and spiritual consumption to human beings. It is also an essential part of the cultural industry and creative industry, which plays a vital role in stimulating consumption and realizing economic growth. With the rapid development of the Internet and information technology, online music platforms have rapidly emerged and become the mainstream listening channel for users. Accurately perceiving users’ needs has become the key to the sustainable development and competitiveness of online music platforms. First, This paper uses the web crawler to obtain the data of Netease cloud music, including online reviews and user data in the hot song list. Second, uses text analysis method and LDA theme model, combined with \"uses and gratifications theory\" to analyze user's demand awareness. The results show that Netease cloud music meets users' needs in entertainment, information, social, psychological benefits, and immersion. But it also has some problems in music copyright, UGC community management, empathy of platform functions, etc., then puts forward some suggestions for the development of Netease cloud music platform based on the demanded awareness of users. This paper also has reference value for similar online user demand perception research.","PeriodicalId":332978,"journal":{"name":"Proceedings of the 2021 5th International Conference on E-Education, E-Business and E-Technology","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132589638","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 aspects of psychological and physiological constructs have rarely been adopted in retail sale in non-specialized stores. This study investigated dimensions of psychological and physiological constructs among service quality, customer satisfaction, and customer loyalty, with switching cost serving as a moderator in the case of MUJI Co., Ltd. To examine the research model, this study allocated questionnaires and analyzed the collected data with regression analysis. The results indicated that service quality has a positive effect on customer satisfaction, customer satisfaction has a positive effect on customer loyalty, and service quality has a positive effect on customer loyalty in psychological and physiological constructs. Moreover, switching cost has a moderating effect between service quality and customer loyalty. These findings were relevant to non-specialized retail sales.
{"title":"Creating Customer Loyalty in MUJI to Boost Customer Satisfaction with Service Quality – Take Switching Cost as the Moderator","authors":"Kai-Fu Yang, Hao-Wei Yang, Han-Ni Ho, Ting-Wei Liao","doi":"10.1145/3474880.3474890","DOIUrl":"https://doi.org/10.1145/3474880.3474890","url":null,"abstract":"The aspects of psychological and physiological constructs have rarely been adopted in retail sale in non-specialized stores. This study investigated dimensions of psychological and physiological constructs among service quality, customer satisfaction, and customer loyalty, with switching cost serving as a moderator in the case of MUJI Co., Ltd. To examine the research model, this study allocated questionnaires and analyzed the collected data with regression analysis. The results indicated that service quality has a positive effect on customer satisfaction, customer satisfaction has a positive effect on customer loyalty, and service quality has a positive effect on customer loyalty in psychological and physiological constructs. Moreover, switching cost has a moderating effect between service quality and customer loyalty. These findings were relevant to non-specialized retail sales.","PeriodicalId":332978,"journal":{"name":"Proceedings of the 2021 5th International Conference on E-Education, E-Business and E-Technology","volume":"92 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126310831","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}
Users’ retweeting behavior is critical to information dissemination on SNS and has obtained lots of attention from both academia and industry. Researcher have identified lots of factors that have a significant impact on individuals’ sharing behavior. However, few research has been conducted on the motivations of individuals’ sharing behavior. In the current work, we carry out a questionnaire study to explore the motivations of Sina weibo users’ sharing behavior. 303 Sina Weibo users participate in the survey. Results of structural equation modeling (SEM) show that both online persona consistency and perceived reputation enhancement positively mediate the relationship between topical familiarity and individual sharing intention. What's more, online persona consistency is stronger than perceived reputation enhancement in driving individuals’ daily retweeting behavior on Sina Weibo.
{"title":"An Empirical Study on the Motivations of Individuals’ Retweeting Intention on Sina Weibo","authors":"Juan Shi, Gang Chen","doi":"10.1145/3474880.3474894","DOIUrl":"https://doi.org/10.1145/3474880.3474894","url":null,"abstract":"Users’ retweeting behavior is critical to information dissemination on SNS and has obtained lots of attention from both academia and industry. Researcher have identified lots of factors that have a significant impact on individuals’ sharing behavior. However, few research has been conducted on the motivations of individuals’ sharing behavior. In the current work, we carry out a questionnaire study to explore the motivations of Sina weibo users’ sharing behavior. 303 Sina Weibo users participate in the survey. Results of structural equation modeling (SEM) show that both online persona consistency and perceived reputation enhancement positively mediate the relationship between topical familiarity and individual sharing intention. What's more, online persona consistency is stronger than perceived reputation enhancement in driving individuals’ daily retweeting behavior on Sina Weibo.","PeriodicalId":332978,"journal":{"name":"Proceedings of the 2021 5th International Conference on E-Education, E-Business and E-Technology","volume":"30 9","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120820070","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 article investigates the extent to which inflation perceptions and expectations affect firms’ wage determination. We adopt dummy variables data to quantify the firm inflation perceptions of China's listed manufacturing companies from corporate annual reports. The results reveal that inflation perceptions have a growth effect on firms’ wage determination, not vice versa. The wages of firms whose inflation perceptions have risen are approximately 6% higher than are those inflation perceptions have remained approximately the same. The firms whose inflation perceptions have fallen show no causal relationship between inflation perceptions and wage. Short-term inflation expectations will reduce wages. For every 1% increase in inflation expectations, the wages paid by firms will fall by approximately 3.5 percentage points. Corporate profits have little effect on wage change and are negatively related.
{"title":"Inflation Perceptions and Expectations and Firms’ Wage Determination: Evidence from Chinese listed manufacturing companies","authors":"Chi Zhang, Z. Liu, Lei Lv","doi":"10.1145/3474880.3474899","DOIUrl":"https://doi.org/10.1145/3474880.3474899","url":null,"abstract":"This article investigates the extent to which inflation perceptions and expectations affect firms’ wage determination. We adopt dummy variables data to quantify the firm inflation perceptions of China's listed manufacturing companies from corporate annual reports. The results reveal that inflation perceptions have a growth effect on firms’ wage determination, not vice versa. The wages of firms whose inflation perceptions have risen are approximately 6% higher than are those inflation perceptions have remained approximately the same. The firms whose inflation perceptions have fallen show no causal relationship between inflation perceptions and wage. Short-term inflation expectations will reduce wages. For every 1% increase in inflation expectations, the wages paid by firms will fall by approximately 3.5 percentage points. Corporate profits have little effect on wage change and are negatively related.","PeriodicalId":332978,"journal":{"name":"Proceedings of the 2021 5th International Conference on E-Education, E-Business and E-Technology","volume":"94 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126819481","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}
Meiryani Meiryani, Ignatius Edward Riantono, Erick Fernando, Valerie Jessica Hidajat
The Indonesian government decided to increase the excise tax on tobacco products by 23% starting January 1, 2020. The performance of cigarette manufacturers was affected by government policies that increased cigarette excise or tobacco product excise which had an impact on the growth of cigarette issuers' income. This study aims to analyze the impact of the increase in cigarette excise on net income at PT. Gudang Garam Tbk. This type of research in this research is descriptive with a qualitative approach. The results of this research show that the increase in cigarette excise has an effect on net income at PT. Gudang Garam Tbk. PT Gudang Garam Tbk's Profit and Loss Report shows an increase in all aspects, both sales, gross profit and net income even though the government policy regarding the increase in cigarette excise rates has been implemented as of January 1, 2020. This reflects that PT Gudang Garam has implemented a good strategy in maintaining profitability of the company. Business of PT. Gudang Garam Tbk, is still supported by sales of the machine-made kretek cigarette (SKM) segment, which contributed 91.25 percent to the company's revenue.
{"title":"The Impact of Increase of Cigarette Expension on Net Income in Income Statements","authors":"Meiryani Meiryani, Ignatius Edward Riantono, Erick Fernando, Valerie Jessica Hidajat","doi":"10.1145/3474880.3474888","DOIUrl":"https://doi.org/10.1145/3474880.3474888","url":null,"abstract":"The Indonesian government decided to increase the excise tax on tobacco products by 23% starting January 1, 2020. The performance of cigarette manufacturers was affected by government policies that increased cigarette excise or tobacco product excise which had an impact on the growth of cigarette issuers' income. This study aims to analyze the impact of the increase in cigarette excise on net income at PT. Gudang Garam Tbk. This type of research in this research is descriptive with a qualitative approach. The results of this research show that the increase in cigarette excise has an effect on net income at PT. Gudang Garam Tbk. PT Gudang Garam Tbk's Profit and Loss Report shows an increase in all aspects, both sales, gross profit and net income even though the government policy regarding the increase in cigarette excise rates has been implemented as of January 1, 2020. This reflects that PT Gudang Garam has implemented a good strategy in maintaining profitability of the company. Business of PT. Gudang Garam Tbk, is still supported by sales of the machine-made kretek cigarette (SKM) segment, which contributed 91.25 percent to the company's revenue.","PeriodicalId":332978,"journal":{"name":"Proceedings of the 2021 5th International Conference on E-Education, E-Business and E-Technology","volume":"8 20","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114105949","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}
Meiryani Meiryani, B. Ikhsan, T. Indrawati, Edwin Hendra, Hugo Prasetyo
The main purpose of this research is to analyze the influence Firm Size, Public Accounting Firm Size and Audit Opinion toward Auditor Switching at company sector of property, real estate, and building construction. This research using secondary data from Indonesian Stock Exchange. The sample is determined by purposive sampling technique and there are 52 companies listed on the Indonesian Stock Exchange that have submited the financial statements of 2016 – 2019. The results of data analysis show that the analysis model resulting 21,29% of prediction accuracy and there are 1 (one) variable that influence significant that is Public Accounting Firm Size to on Auditor Switching.
{"title":"The Influence of Client Company Size and Audit Opinion Switching Auditors","authors":"Meiryani Meiryani, B. Ikhsan, T. Indrawati, Edwin Hendra, Hugo Prasetyo","doi":"10.1145/3474880.3474902","DOIUrl":"https://doi.org/10.1145/3474880.3474902","url":null,"abstract":"The main purpose of this research is to analyze the influence Firm Size, Public Accounting Firm Size and Audit Opinion toward Auditor Switching at company sector of property, real estate, and building construction. This research using secondary data from Indonesian Stock Exchange. The sample is determined by purposive sampling technique and there are 52 companies listed on the Indonesian Stock Exchange that have submited the financial statements of 2016 – 2019. The results of data analysis show that the analysis model resulting 21,29% of prediction accuracy and there are 1 (one) variable that influence significant that is Public Accounting Firm Size to on Auditor Switching.","PeriodicalId":332978,"journal":{"name":"Proceedings of the 2021 5th International Conference on E-Education, E-Business and E-Technology","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127818447","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 new aggregate mode has appeared in China's car-hailing market. The aggregate mode allows separate car-hailing firms to join in one single platform and share users and transportation capacity together, which can promote the compatibility level among accessed platforms. This paper builds a duopoly model of the two-sided market of the car-hailing and analyzes the effects of aggregate mode on car-hailing firms from the perspective of compatibility. It is considered in this paper that the market is symmetric and travelers multi-homing while drivers single-homing. The main results indicate that at the early stage of the firms, they tend to be exclusive to build a user base. However, they would adopt the aggregate mode to promote the compatibility level with others when the market is mature.
{"title":"Research on Aggregate Mode in Car-hailing Market—-from the Perspective of Compatibility","authors":"Xiangmin Dong, Chenxi Lei, Sheng Luo","doi":"10.1145/3474880.3474897","DOIUrl":"https://doi.org/10.1145/3474880.3474897","url":null,"abstract":"The new aggregate mode has appeared in China's car-hailing market. The aggregate mode allows separate car-hailing firms to join in one single platform and share users and transportation capacity together, which can promote the compatibility level among accessed platforms. This paper builds a duopoly model of the two-sided market of the car-hailing and analyzes the effects of aggregate mode on car-hailing firms from the perspective of compatibility. It is considered in this paper that the market is symmetric and travelers multi-homing while drivers single-homing. The main results indicate that at the early stage of the firms, they tend to be exclusive to build a user base. However, they would adopt the aggregate mode to promote the compatibility level with others when the market is mature.","PeriodicalId":332978,"journal":{"name":"Proceedings of the 2021 5th International Conference on E-Education, E-Business and E-Technology","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129497905","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}
Xiangning Li, Yueyue Chang, Shiyan Wang, Chuyu Peng, L. Hu
In the context of the development of Mandarin teaching, the research team analyzed the video viewing preferences of young people in the United Kingdom and Japan through a background investigation, short video production, volunteer interviews, and other specific practices while taking into account the rapid development of new media platforms. Based on what is manifested as strengths and weaknesses of mandarin-teaching through short videos, this article aims to provide a feasible strategy to promote Chinese teaching and contemporary Chinese culture in the era of new media.
{"title":"An Investigation on a Feasible Strategy for the Promotion of Chinese Contemporary Popular Culture to Foreign Countries in the Age of New Media: Based on Research at Four Universities in the United Kingdom and Japan","authors":"Xiangning Li, Yueyue Chang, Shiyan Wang, Chuyu Peng, L. Hu","doi":"10.1145/3474880.3474881","DOIUrl":"https://doi.org/10.1145/3474880.3474881","url":null,"abstract":"In the context of the development of Mandarin teaching, the research team analyzed the video viewing preferences of young people in the United Kingdom and Japan through a background investigation, short video production, volunteer interviews, and other specific practices while taking into account the rapid development of new media platforms. Based on what is manifested as strengths and weaknesses of mandarin-teaching through short videos, this article aims to provide a feasible strategy to promote Chinese teaching and contemporary Chinese culture in the era of new media.","PeriodicalId":332978,"journal":{"name":"Proceedings of the 2021 5th International Conference on E-Education, E-Business and E-Technology","volume":"112 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124222073","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}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：