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Application of Financial Engineering in Quantitative Investment Strategy 金融工程在量化投资战略中的应用
Pub Date : 2024-07-01 DOI: 10.22158/ibes.v6n3p233
Siwei Ren
This paper mainly discusses the application of financial engineering in quantitative investment strategy. Firstly, the importance and function of financial engineering in quantitative investment strategy are introduced, and then the principle and technology of quantitative investment strategy are expounded. Then, the application of financial engineering in quantitative investment strategy is analyzed in detail, including stock market analysis, financial risk management, portfolio optimization, market liquidity analysis and financial innovation. Finally, the contribution of financial engineering in quantitative investment strategy and its future development trend are summarized.
本文主要探讨金融工程在量化投资策略中的应用。首先介绍了金融工程在量化投资策略中的重要性和作用,然后阐述了量化投资策略的原理和技术。然后,详细分析了金融工程在量化投资策略中的应用,包括股票市场分析、金融风险管理、投资组合优化、市场流动性分析和金融创新。最后,总结了金融工程在量化投资策略中的贡献及其未来发展趋势。
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引用次数: 0
Research on the Impact of Smart City Construction on the Development of Green Economy 智慧城市建设对绿色经济发展的影响研究
Pub Date : 2024-05-24 DOI: 10.22158/ibes.v6n3p58
Hongshuang Wu
The development of green economy is one of the core essences to realize Chinese path to modernization. Based on China’s provincial panel data from 2011-2021, this paper uses the entropy weight method to measure the smart city construction index, which includes three dimensions: digitalization, intelligence and informatization; Secondly, a benchmark regression model was used to explore the effect of smart city construction on the development of green economy. Furthermore, a mediation effect model and a threshold regression model were constructed to explore the indirect and nonlinear effects of smart city construction on the development of green economy under the constraint variables of energy utilization efficiency and manufacturing intelligence. Finally, research has shown that the construction of smart cities has shown a positive and direct role in the development of green economy, with a gradient decreasing effect of “western>central>eastern”; The construction of smart cities can indirectly enhance the development of green economy in the region by improving energy utilization efficiency; Based on the characteristics of regional heterogeneity, the construction of smart cities has different threshold effects on the development of regional green economy. When the level of manufacturing intelligence is lower than the threshold value, the construction of smart cities can have a more favorable and positive impact. During the strategic intersection period between smart city construction and the “dual carbon” goal, this article provides scientific basis and theoretical reference for achieving Chinese style green modernization.
发展绿色经济是实现中国现代化道路的核心要义之一。本文基于 2011-2021 年中国省级面板数据,采用熵权法测算智慧城市建设指数,包括数字化、智能化和信息化三个维度;其次,采用基准回归模型探讨智慧城市建设对绿色经济发展的影响。此外,构建了中介效应模型和门槛回归模型,探讨了在能源利用效率和制造业智能化约束变量下,智慧城市建设对绿色经济发展的间接和非线性效应。最后,研究表明,智慧城市建设对绿色经济发展表现出积极的直接作用,呈 "西部>中部>东部 "的梯度递减效应;智慧城市建设可通过提高能源利用效率间接提升区域绿色经济发展;基于区域异质性特征,智慧城市建设对区域绿色经济发展具有不同的门槛效应。当制造业智能化水平低于阈值时,智慧城市建设会产生更有利的积极影响。在智慧城市建设与 "双碳 "目标的战略交汇期,本文为实现中国式绿色现代化提供了科学依据和理论参考。
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引用次数: 0
Research on Cost Management Evaluation of Urban Renewal Projects under EPC Mode EPC 模式下城市更新项目成本管理评价研究
Pub Date : 2024-04-23 DOI: 10.22158/ibes.v6n2p266
Liang Bo, Yang Ying
Compared with developed countries, the research on modern urban renewal in China is relatively late. However, with the landing of more and more projects in recent years, since Guangzhou, Shenzhen and other places took the lead in urban renewal, urban renewal has gradually entered a period of market-oriented and diversified operation. In recent years, under the influence of urban renewal strategy, the construction of old residential renovation projects is in full swing. In order to reduce the risk of construction, the construction unit often selects EPC project general contracting mode as the contract form of old residential renovation projects. However, the EPC project general contracting mode not only reduces the investment risk of the construction unit, but also greatly improves the difficulty of the general contracting unit's cost management of the renovation project of the old residential area. In order to complete the renovation project of the old residential area within the range of the budget estimate approved by the government and obtain the expected social benefits, cost management has become the control point of the project management of the EPC project general contractor. Based on the perspective of the general contractor, this paper takes the renovation project of the old residential area under EPC mode as the research object, uses AHP and fuzzy comprehensive evaluation method to evaluate the project cost management, analyzes the deficiencies in the actual cost management and puts forward countermeasures and suggestions.
与发达国家相比,我国对现代城市更新的研究相对较晚。但随着近年来越来越多项目的落地,自广州、深圳等地率先开展城市更新以来,城市更新逐渐进入市场化、多元化运作时期。近年来,在城市更新战略的影响下,旧住宅改造项目建设如火如荼。为了降低施工风险,建设单位往往选择 EPC 工程总承包模式作为旧住宅区改造项目的承包形式。然而,EPC 工程总承包模式不仅降低了建设单位的投资风险,也大大提高了总承包单位对旧住宅区改造工程造价管理的难度。为了在政府批准的概算范围内完成旧住宅区改造工程,取得预期的社会效益,造价管理成为 EPC 项目总承包单位项目管理的控制点。本文基于总承包商的视角,以EPC模式下的旧住宅区改造项目为研究对象,运用AHP和模糊综合评价法对项目成本管理进行评价,分析实际成本管理中存在的不足,并提出对策和建议。
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引用次数: 0
Research on Mode of Sharing Economy in Tourism 旅游业共享经济模式研究
Pub Date : 2024-04-17 DOI: 10.22158/ibes.v6n2p258
Ying Zhang
With the rapid development of Internet technology, the sharing economy model has gradually penetrated into all walks of life. As an important field, tourism has also been deeply affected by the sharing economy model. Based on the in-depth study of the model of sharing economy in tourism, this paper analyzes the specific application, advantages and challenges of sharing economy in tourism, and discusses its future development trend, aiming to provide new ideas and methods for the sustainable development of tourism.
随着互联网技术的飞速发展,共享经济模式已逐渐渗透到各行各业。旅游业作为一个重要领域,也深受共享经济模式的影响。本文在深入研究共享经济在旅游业中的模式的基础上,分析了共享经济在旅游业中的具体应用、优势和挑战,并探讨了其未来的发展趋势,旨在为旅游业的可持续发展提供新的思路和方法。
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引用次数: 0
Digital Infrastructure and Increasing Farmers’ Income: A Quasi-Natural Experiment Based on the “Broadband China” Strategy 数字基础设施与农民增收:基于 "宽带中国 "战略的准自然实验
Pub Date : 2024-04-16 DOI: 10.22158/ibes.v6n2p237
Yimeng Yang
Digital infrastructure serves as a significant catalyst for economic advancement, capable of narrowing the digital gap that exists between urban, rural, and regional areas. And it enables more people to enjoy the convenience brought by digitalization, and promote social inclusion and equality. This study employs the "Broadband China" strategy as a quasi-natural experiment and employs a progressive Difference-in-Differences (DID) model to investigate the effects of digital infrastructure on increasing farmers' income. The findings of the study indicate that the development of digital infrastructure can assist in increasing farmers’ income. The establishment of digital infrastructure has greatly facilitated industrial rationalization, non-agricultural employment and human capital improvement in rural areas, provided farmers with more business opportunities and employment options, and contributed to the realization of rural revitalization and common prosperity. This research provides empirical support to gain a more profound insight into the significance of digital advancement to rural economic growth, and also provides a useful reference for relevant policy formulation.
数字基础设施是经济进步的重要催化剂,能够缩小城市、农村和地区之间的数字差距。同时,它还能让更多人享受到数字化带来的便利,促进社会包容与平等。本研究将 "宽带中国 "战略作为一个准自然实验,采用渐进差分(DID)模型研究数字基础设施对农民增收的影响。研究结果表明,发展数字基础设施有助于增加农民收入。数字基础设施的建设极大地促进了农村地区产业合理化、非农就业和人力资本的提升,为农民提供了更多的创业机会和就业选择,有助于实现乡村振兴和共同富裕。本研究为更深刻地洞察数字化推进对农村经济增长的意义提供了实证支持,也为相关政策的制定提供了有益参考。
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引用次数: 0
Analysis of Hotspots and Trends in Domestic and International Data Asset Research: A Knowledge Graph Analysis Based on CiteSpace 国内外数据资产研究热点与趋势分析:基于 CiteSpace 的知识图谱分析
Pub Date : 2024-04-15 DOI: 10.22158/ibes.v6n2p230
Jingyi Ye
The article summarized 363 literature on data assets in the CNKI and WOS databases and conducted a knowledge map analysis using CiteSpace. The research found that the study of data assets at home and abroad is continuously growing, but there are differences in origins, content, and hotspots. Foreign research focuses on areas such as big data, data governance, machine learning, and the Internet, while domestic research focuses on data assets, the digital economy, data transactions, and accounting. Domestic research is gradually expanding to include data middle platforms and asset confirmation, while foreign research focuses on the Internet and artificial intelligence. This analysis helps grasp the research trends and hotspots in the field of data assets, promoting cooperation and knowledge sharing.
文章总结了 CNKI 和 WOS 数据库中有关数据资产的 363 篇文献,并利用 CiteSpace 进行了知识图谱分析。研究发现,国内外对数据资产的研究持续增长,但在来源、内容、热点等方面存在差异。国外研究主要集中在大数据、数据治理、机器学习、互联网等领域,国内研究主要集中在数据资产、数字经济、数据交易、会计等领域。国内研究逐渐扩展到数据中间平台和资产确认,国外研究则侧重于互联网和人工智能。这些分析有助于把握数据资产领域的研究趋势和热点,促进合作与知识共享。
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引用次数: 0
Construction of Enterprise Financial Compliance Management System in the Context of Digital Taxation 数字税务背景下企业财务合规管理系统的构建
Pub Date : 2024-04-10 DOI: 10.22158/ibes.v6n2p200
Guizi Li, Binhui Guo
In the context of digital taxation, constructing an enterprise financial compliance management system is an important means to ensure compliance with tax regulations, optimize tax management, and improve economic efficiency. As a crucial component of modern tax administration, "digital taxation" imposes new requirements on enterprise financial compliance management. This paper aims to explore how to construct an effective enterprise financial compliance management system under the backdrop of "digital taxation" to enhance the quality of accounting information and financial compliance, thereby reducing financial and tax risks and promoting the sustainable development of enterprises.
在数字税务背景下,构建企业财务合规管理体系是确保税收法规遵从、优化税收管理、提高经济效益的重要手段。作为现代税收征管的重要组成部分,"数字税务 "对企业财务合规管理提出了新的要求。本文旨在探讨如何在 "数字税务 "背景下构建有效的企业财务合规管理体系,提高会计信息质量和财务合规性,从而降低财务和税务风险,促进企业可持续发展。
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引用次数: 0
focusing on diversity in a Multicultural employee group—The case of an Engineering Consultancy in London 关注多元文化员工群体的多样性--伦敦一家工程咨询公司的案例
Pub Date : 2024-04-07 DOI: 10.22158/ibes.v6n2p170
Georgios Xanthakis
Despite the increasing research on work diversity, diversity itself remains an ambivalent term due to the various and in some cases even conflicting ways in which scholars conceptualize its nature (Janssens & Zanoni, 2005). A Literature Review of the relevant literature illustrates four main streams. The first one considers diversity as a concept with static nature and treats it as a measurable variable (Cox, 1993) while the second addresses the dynamic, socially constructed nature of diversity (Barinaga, 2007). A third stream of research explores both the dynamic and multiple nature of workgroup diversity while the last school acknowledges the dynamic, shifting relationship between the diversity categories focusing on issues of inequality and discrimination (Holvino, 2010).The aim of this study is to contribute to the current diversity research by exploring from an a posteriori direction how the employees in a multicultural group perceive their group diversity during their everyday working life. In doing so, a research is conducted in engineering consultancy, to explore how the employees actively construct their workgroup diversity. Above research, drawing on the assumption that reality is social construction (Berger & Luckmann, 1966) shows diversity and identity as socially constructed concepts that should be identified from an a posteriori direction. The research questions guiding the narrative analysis shows that members’ differentiation is dynamic and changes over time during their everyday project group life.
尽管对工作多样性的研究越来越多,但多样性本身仍然是一个矛盾的术语,因为学者们对其性质的概念有各种不同的理解,在某些情况下甚至是相互冲突的(Janssens & Zanoni, 2005)。相关文献综述显示了四个主要流派。第一种流派认为多样性是一个具有静态性质的概念,并将其视为一个可测量的变量(Cox, 1993),第二种流派则探讨了多样性的动态和社会建构性质(Barinaga, 2007)。第三种研究流派探讨了工作群体多样性的动态和多重性质,而最后一种研究流派则承认多样性类别之间的动态变化关系,重点关注不平等和歧视问题(Holvino,2010 年)。本研究的目的是从后验方向探讨多元文化群体中的员工在日常工作生活中如何看待其群体多样性,从而为当前的多样性研究做出贡献。为此,我们在工程咨询公司开展了一项研究,探讨员工如何积极构建其工作群体的多样性。上述研究基于 "现实是社会建构的 "这一假设(Berger & Luckmann,1966 年),表明多样性和身份认同是社会建构的概念,应从后验的方向加以识别。指导叙事分析的研究问题表明,成员的差异化是动态的,在日常项目小组生活中会随着时间的推移而变化。
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引用次数: 0
Research on How Internet Celebrity Food Goes out of the Circle to Help Local Economic Development Based on the Barbecue Phenomenon in Zibo 基于淄博烧烤现象的网络红人美食如何走出圈子助力地方经济发展研究
Pub Date : 2024-04-03 DOI: 10.22158/ibes.v6n2p148
Shunan Liu
In recent years, with the rise of the Internet, the Internet celebrity economy has developed vigorously, gradually penetrating into various fields such as social networking, e-commerce, and live broadcasting, and various types of Internet celebrity economic products have emerged in endlessly. Internet celebrity food makes full use of the advantages of new media platforms to promote the development of local economy. Although most of the existing literature believes that Internet celebrity food is the key to boosting urban development, most scholars study Internet celebrity food alone or from the perspective of helping economic development. There are few documents that combine the two to study the emergence of Internet celebrity food. The reasons for the circle and the mechanism to promote local economic development. This article takes Zibo Barbecue as the research object to explore the factors that lead to the prosperity of this Internet celebrity food and its future development model, thereby helping local economic development and providing relevant optimization paths for this purpose.
近年来,随着互联网的兴起,网络红人经济蓬勃发展,逐渐渗透到社交、电商、直播等各个领域,各类网络红人经济产品层出不穷。网络名人食品充分利用了新媒体平台的优势,促进了地方经济的发展。虽然现有文献大多认为网络红人美食是推动城市发展的关键,但大多数学者都是单独研究网络红人美食或从助力经济发展的角度来研究网络红人美食。将二者结合起来研究网络名吃产生的文献较少。圈的原因以及促进地方经济发展的机制。本文以淄博烧烤为研究对象,探讨导致这一网络名吃兴盛的因素及其未来发展模式,从而助力地方经济发展,并为此提供相关优化路径。
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引用次数: 0
Tourist Engagement and Perceived Naturalness: Unveiling the Pathways to Sustainable Tourism and Purchase Intentions in Vertical Farming 游客参与度与自然感知:揭示垂直农业可持续旅游和购买意向的途径
Pub Date : 2024-04-03 DOI: 10.22158/ibes.v6n2p124
Yuxin Chen, E. Huang, Peizhou Huang
With sustainable tourism and escalating food demands, vertical farming emerges as a pivotal innovation that bridges agricultural sustainability and tourism. This paper explores the role of tourist engagement at vertical farms in promoting sustainability awareness, altering perceptions of naturalness of vertical farm agricultural products, and shaping purchase intentions for these products. Utilizing Consumer Socialization Theory (CST) as a framework, the study delves into how tourist engagement at vertical farms can serve as a catalyst for enhancing the appeal and acceptance of sustainable agricultural practices. A cross sectional survey of 558 tourists in Malaysia and the Greater Bay Area of China was conducted using a quantitative approach. A Structural Equation Model (SEM) analysis revealed that tourist engagement significantly increases sustainability awareness and perceived naturalness, which, in turn, positively impacts purchase intentions. Interestingly, while tourist engagement directly increases purchase intentions, sustainability awareness does not directly increase purchase intentions, underscoring the nuanced role perceived naturalness plays in the decision making process. The findings underscore the importance of integrating vertical farming into the tourism experience as a strategy for promoting sustainable agricultural practices and increasing consumer acceptance. This study enriches the discourse on sustainable tourism's role in advancing sustainable agriculture, providing key insights for stakeholders in both the tourism and agriculture sectors to foster environmental stewardship and sustainable consumer behavior.
随着旅游业的可持续发展和食品需求的不断增长,垂直农业成为连接农业可持续发展和旅游业的关键创新。本文探讨了游客在垂直农场的参与在促进可持续发展意识、改变对垂直农场农产品天然性的看法以及形成对这些产品的购买意向方面所起的作用。研究以消费者社会化理论(CST)为框架,深入探讨了游客在垂直农场的参与如何成为增强可持续农业实践的吸引力和接受度的催化剂。研究采用定量方法对马来西亚和中国大湾区的 558 名游客进行了横截面调查。结构方程模型(SEM)分析表明,游客参与能显著提高可持续发展意识和自然感知,进而对购买意愿产生积极影响。有趣的是,虽然游客参与会直接增加购买意向,但可持续发展意识并不会直接增加购买意向,这凸显了感知到的自然性在决策过程中所起的微妙作用。研究结果强调了将垂直农业与旅游体验相结合作为促进可持续农业实践和提高消费者接受度的策略的重要性。这项研究丰富了可持续旅游业在促进可持续农业方面的作用的论述,为旅游业和农业部门的利益相关者提供了关键的见解,以促进环境管理和可持续的消费行为。
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International Business & Economics Studies
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