Metaverse is a universe that combines our physical reality with the digital virtual world and goes beyond reality with multiple users with a permanent and lasting effect. The virtual world is based on digital people and objects and technologies that enable multi-sensory communication with people, such as virtual reality (VR) and augmented reality (AR). It provides highly professional communication in dynamic interactions between digital structures and real time. First, we encountered virtual worlds where avatars could teleport between them. Metaverse’s resurgence has come with social, immersive VR platforms compatible with multiplayer online video games, open game worlds, and AR co-working spaces. Metaverse is a concept that offers opportunities to create virtual communities in the commercial or beyond entertainment world; It is seen that it is a new generation platform that includes the three-dimensional sandbox where metaverse enthusiasts can interact through their avatars and is expressed as the “digital big bang” in cyberspace.
元宇宙（Metaverse）是一个将我们的物理现实与数字虚拟世界相结合的宇宙，它超越了现实，拥有多个用户，具有永久和持久的影响。虚拟世界以数字人和物以及能够与人进行多感官交流的技术为基础，如虚拟现实（VR）和增强现实（AR）。它在数字结构和实时之间的动态互动中提供高度专业的交流。首先，我们遇到了虚拟世界，化身可以在虚拟世界之间传送。随着与多人在线视频游戏、开放式游戏世界和 AR 协同工作空间兼容的社交、沉浸式 VR 平台的出现，Metaverse 再次兴起。元宇宙是一个概念，它提供了在商业或娱乐世界之外创建虚拟社区的机会；它是一个新一代平台，包括三维沙盒，元宇宙爱好者可以通过他们的化身进行互动，被称为网络空间的 "数字大爆炸"。
{"title":"Introduction of Metaverse to Our Lives and Unlimited Services in the World of Metaverse","authors":"Yakup Durmaz, Dilruba Gokalp","doi":"10.22158/ibes.v6n1p1","DOIUrl":"https://doi.org/10.22158/ibes.v6n1p1","url":null,"abstract":"Metaverse is a universe that combines our physical reality with the digital virtual world and goes beyond reality with multiple users with a permanent and lasting effect. The virtual world is based on digital people and objects and technologies that enable multi-sensory communication with people, such as virtual reality (VR) and augmented reality (AR). It provides highly professional communication in dynamic interactions between digital structures and real time. First, we encountered virtual worlds where avatars could teleport between them. Metaverse’s resurgence has come with social, immersive VR platforms compatible with multiplayer online video games, open game worlds, and AR co-working spaces. Metaverse is a concept that offers opportunities to create virtual communities in the commercial or beyond entertainment world; It is seen that it is a new generation platform that includes the three-dimensional sandbox where metaverse enthusiasts can interact through their avatars and is expressed as the “digital big bang” in cyberspace.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"16 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139004704","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}
Agricultural development in China has commanded much attention in the new era. This paper uses the DID model to analysis the relationship between agricultural subsidy policy and grain planting structure in China from two perspectives of macro and micro. The novelty of this paper is that we have developed a theoretical model to estimate effect of agricultural subsidy policy on the grain planting structure and explore its path of action. The empirical results of this paper show that the agricultural subsidy policy mainly changes the input of grain production of farmers from the aspects of technology and cost, which greatly motivates the farmers to increase the land input in grain production, and its grain planting area and its proportion will both increase.
新时期中国农业发展备受关注。本文运用 DID 模型，从宏观和微观两个角度分析了中国农业补贴政策与粮食种植结构之间的关系。本文的创新之处在于建立了一个理论模型来估计农业补贴政策对粮食种植结构的影响，并探索其作用路径。本文的实证结果表明，农业补贴政策主要从技术和成本两方面改变了农民的粮食生产投入，极大地调动了农民增加粮食生产土地投入的积极性，其粮食种植面积和比重均会增加。
{"title":"Does the Agricultural Subsidy Policy Affect Chinese Grain Production?—Evidence from DID Model","authors":"Jingyi Liu, Xuan Li","doi":"10.22158/ibes.v6n1p11","DOIUrl":"https://doi.org/10.22158/ibes.v6n1p11","url":null,"abstract":"Agricultural development in China has commanded much attention in the new era. This paper uses the DID model to analysis the relationship between agricultural subsidy policy and grain planting structure in China from two perspectives of macro and micro. The novelty of this paper is that we have developed a theoretical model to estimate effect of agricultural subsidy policy on the grain planting structure and explore its path of action. The empirical results of this paper show that the agricultural subsidy policy mainly changes the input of grain production of farmers from the aspects of technology and cost, which greatly motivates the farmers to increase the land input in grain production, and its grain planting area and its proportion will both increase.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"133 13","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139004281","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}
Along with the rapid progress of technology, such as the Internet, cloud computing, mobile communications, and a wide variety of applications, big data has deeply penetrated into all of our fields and become an important tool that not only changes the way we think, but also advances our business model. Along with increasingly complex operations and advances in Internet technology, internal auditing has become increasingly important. Using these new technologies, we are able to analyze and apply a large amount of data in depth to accurately recognize and evaluate various types of potential business risks, and we are able to give our clients the best auditing solutions based on the conclusions of these studies and analyses, thus helping them to enter a new market.
{"title":"Research on Big Data Audit Application in Commercial Banks","authors":"Lu Hu","doi":"10.22158/ibes.v5n4p123","DOIUrl":"https://doi.org/10.22158/ibes.v5n4p123","url":null,"abstract":"Along with the rapid progress of technology, such as the Internet, cloud computing, mobile communications, and a wide variety of applications, big data has deeply penetrated into all of our fields and become an important tool that not only changes the way we think, but also advances our business model. Along with increasingly complex operations and advances in Internet technology, internal auditing has become increasingly important. Using these new technologies, we are able to analyze and apply a large amount of data in depth to accurately recognize and evaluate various types of potential business risks, and we are able to give our clients the best auditing solutions based on the conclusions of these studies and analyses, thus helping them to enter a new market.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"50 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139202411","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}
Research on the credit risk contagion effect of commercial banks is a key issue in credit risk management of commercial banks. This paper constructs a measurement framework for the credit risk contagion effect of commercial banks based on the Copula function theory. On the basis of selecting the appropriate Copula function and measuring specific parameters, taking Bank of China and Industrial and Commercial Bank of China as examples, the tail correlation coefficient was used to measure the credit risk contagion effect of the two banks, and relevant conclusions were drawn.
{"title":"Research on Credit Risk Contagion of Commercial Banks Based on Copula Model","authors":"Guangyao Li","doi":"10.22158/ibes.v5n4p108","DOIUrl":"https://doi.org/10.22158/ibes.v5n4p108","url":null,"abstract":"Research on the credit risk contagion effect of commercial banks is a key issue in credit risk management of commercial banks. This paper constructs a measurement framework for the credit risk contagion effect of commercial banks based on the Copula function theory. On the basis of selecting the appropriate Copula function and measuring specific parameters, taking Bank of China and Industrial and Commercial Bank of China as examples, the tail correlation coefficient was used to measure the credit risk contagion effect of the two banks, and relevant conclusions were drawn.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"45 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139211915","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 global environmental pollution problem increasingly serious, green development has become a general trend. Under this kind of background, new energy vehicles, as an important tool to promote sustainable transportation and facilitate the transformation of the energy structure, have become an important development direction of the global automobile industry. In the initial stage of development, new energy vehicle enterprises are unable to open the consumer market due to their high research and development cost and limited technology. However, since 2009, China’s central finance has given subsidies and support for the production to the promotion and application of new energy vehicles. This paper analyzes the positive and negative effects of Chinese government subsidies on the innovation ability of new energy vehicle enterprises, and thus I put forward relevant suggestions.
{"title":"The Impact of Government Subsidies on Enterprise Innovation Ability","authors":"Qunwen Huang","doi":"10.22158/ibes.v5n4p84","DOIUrl":"https://doi.org/10.22158/ibes.v5n4p84","url":null,"abstract":"With the global environmental pollution problem increasingly serious, green development has become a general trend. Under this kind of background, new energy vehicles, as an important tool to promote sustainable transportation and facilitate the transformation of the energy structure, have become an important development direction of the global automobile industry. In the initial stage of development, new energy vehicle enterprises are unable to open the consumer market due to their high research and development cost and limited technology. However, since 2009, China’s central finance has given subsidies and support for the production to the promotion and application of new energy vehicles. This paper analyzes the positive and negative effects of Chinese government subsidies on the innovation ability of new energy vehicle enterprises, and thus I put forward relevant suggestions.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"22 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139320492","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 rapid development of the Internet has contributed to the continued advancement of the knowledge payment industry. Currently, knowledge payment platforms, as the core force of the knowledge payment market, guide the continuous changes in the direction of content production, enterprise operation and consumer demand in the knowledge payment industry. However, research on knowledge payment platforms in academia is still in its infancy, and in particular, there is a paucity of research that systematically examines the characteristics of successful knowledge payment platforms and strategies to address the problems of business models from the perspective of business models as a whole. Therefore, a systematic and thorough understanding of the essence and richness of the business models of knowledge payment platforms is crucial to an in-depth understanding and grasp of the development rules of the knowledge payment industry.This article focuses on the business models of Internet knowledge payment platforms and their optimisation strategies. Take Zhihu as an example using a case study approach and the perspective of value networks, this paper constructs a business model based on value networks and conducts specific research and analysis on the eight elements of the business model to explore the essence of the business model of knowledge payment platforms and its optimisation strategies under the collaborative competition model, which is equally important in the Internet era. Evidence from this case study finds that value network is the main form of operation of the business model of platform-based enterprises, and the platform achieves the business closure of value acquisition and value maintenance through the engine driven by value proposition and value co-creation.The study reveals that competition and cooperation are equally important business concepts and the whole process of cross-enterprise value co-creation in the Internet era, which complements the research perspective of business model optimization strategy research focusing on competition and provides certain reference significance for the business model optimization of platform-based enterprises.The contribution of this paper is to provide a new perspective for the study of business model optimization strategies. This article is sorting out business model optimization strategies. On the basis of relevant literature, the original theoretical research perspective of enterprise management focusing on competition rather than cooperation is supplemented，From the perspective of “value network”, combined with the theoretical basis of Yuanlei’s business model, a business model based on value network is proposed Model. On this basis, take the knowledge payment industry as the exploration field, and take the typical knowledge payment platform Zhihu platform. In order to study the case, by revealing the key factors for the success of the business model of Zhihu platform, verify the new business model t
{"title":"A Study on the Business Model Optimization Strategy of Knowledge Payment Platform: The Example of Zhihu","authors":"Ming-Chen Wei","doi":"10.22158/ibes.v5n3p198","DOIUrl":"https://doi.org/10.22158/ibes.v5n3p198","url":null,"abstract":"The rapid development of the Internet has contributed to the continued advancement of the knowledge payment industry. Currently, knowledge payment platforms, as the core force of the knowledge payment market, guide the continuous changes in the direction of content production, enterprise operation and consumer demand in the knowledge payment industry. However, research on knowledge payment platforms in academia is still in its infancy, and in particular, there is a paucity of research that systematically examines the characteristics of successful knowledge payment platforms and strategies to address the problems of business models from the perspective of business models as a whole. Therefore, a systematic and thorough understanding of the essence and richness of the business models of knowledge payment platforms is crucial to an in-depth understanding and grasp of the development rules of the knowledge payment industry.This article focuses on the business models of Internet knowledge payment platforms and their optimisation strategies. Take Zhihu as an example using a case study approach and the perspective of value networks, this paper constructs a business model based on value networks and conducts specific research and analysis on the eight elements of the business model to explore the essence of the business model of knowledge payment platforms and its optimisation strategies under the collaborative competition model, which is equally important in the Internet era. Evidence from this case study finds that value network is the main form of operation of the business model of platform-based enterprises, and the platform achieves the business closure of value acquisition and value maintenance through the engine driven by value proposition and value co-creation.The study reveals that competition and cooperation are equally important business concepts and the whole process of cross-enterprise value co-creation in the Internet era, which complements the research perspective of business model optimization strategy research focusing on competition and provides certain reference significance for the business model optimization of platform-based enterprises.The contribution of this paper is to provide a new perspective for the study of business model optimization strategies. This article is sorting out business model optimization strategies. On the basis of relevant literature, the original theoretical research perspective of enterprise management focusing on competition rather than cooperation is supplemented，From the perspective of “value network”, combined with the theoretical basis of Yuanlei’s business model, a business model based on value network is proposed Model. On this basis, take the knowledge payment industry as the exploration field, and take the typical knowledge payment platform Zhihu platform. In order to study the case, by revealing the key factors for the success of the business model of Zhihu platform, verify the new business model t","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130035417","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}
Value investment has been widely respected and applied in the capital market of developed countries, and its effectiveness has also been verified in a large number of practices. However, since it was introduced to China in 1990s, the concept of value investment has been buried for a long time due to the lack of supervision and the backwardness of investment concepts. With the improvement of the market environment, the progress of supervision system and the update of investors’ ideas in recent years, does China’s A-share market have the conditions for value investment? This paper will discuss this problem theoretically and empirically. Firstly, this paper combs the development of value investment theory and expounds the views and propositions of value investment. Secondly, under the guidance of value investment theory, this paper selects the data of CASMR database 2018-2021. In the first stage, five sectors are selected as the low growth and high growth track of value investment by using multi-factor model. In the second stage, using EVA analysis, five leading stocks in each industry are selected for empirical test, combined with the fundamental analysis in each stage. The results show that the average annual rate of return of the top enterprises is over 50% and the average annual rate of return is over 30% in the high-growth industries screened out under the concept of value investment; This paper verifies that value investment is not only suitable for China A-share market, but also an excellent investment idea with low risk and high return, and puts forward some relevant investment suggestions.
{"title":"Research on the Applicability of Value Investment in China’s A-Share Market","authors":"Luo Dan","doi":"10.22158/ibes.v5n3p175","DOIUrl":"https://doi.org/10.22158/ibes.v5n3p175","url":null,"abstract":"Value investment has been widely respected and applied in the capital market of developed countries, and its effectiveness has also been verified in a large number of practices. However, since it was introduced to China in 1990s, the concept of value investment has been buried for a long time due to the lack of supervision and the backwardness of investment concepts. With the improvement of the market environment, the progress of supervision system and the update of investors’ ideas in recent years, does China’s A-share market have the conditions for value investment? This paper will discuss this problem theoretically and empirically. Firstly, this paper combs the development of value investment theory and expounds the views and propositions of value investment. Secondly, under the guidance of value investment theory, this paper selects the data of CASMR database 2018-2021. In the first stage, five sectors are selected as the low growth and high growth track of value investment by using multi-factor model. In the second stage, using EVA analysis, five leading stocks in each industry are selected for empirical test, combined with the fundamental analysis in each stage. The results show that the average annual rate of return of the top enterprises is over 50% and the average annual rate of return is over 30% in the high-growth industries screened out under the concept of value investment; This paper verifies that value investment is not only suitable for China A-share market, but also an excellent investment idea with low risk and high return, and puts forward some relevant investment suggestions.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"78 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121720991","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 one of the means of capital operation, share repurchase first appeared in the western capitalist market and developed and started late in China’s market. In recent years, especially after the revision of the “Company Law” in 2018, more and more listed companies have begun to accept and approve this behavior with the increasing attention paid to share repurchase in our country. In order to ensure the steady development of the company and enhance the company’s status, share repurchase behavior has become the norm when the market is in the doldrums and the stock price is considered to be undervalued. Focusing on the two share buybacks launched by Antarctic e-commerce in 2021, this paper analyzes the motivation and impact of the share buybacks.
{"title":"Research on the Motivation and Effect of Share Repurchase in Antarctic E-Commerce","authors":"Qiu Li","doi":"10.22158/ibes.v5n3p153","DOIUrl":"https://doi.org/10.22158/ibes.v5n3p153","url":null,"abstract":"As one of the means of capital operation, share repurchase first appeared in the western capitalist market and developed and started late in China’s market. In recent years, especially after the revision of the “Company Law” in 2018, more and more listed companies have begun to accept and approve this behavior with the increasing attention paid to share repurchase in our country. In order to ensure the steady development of the company and enhance the company’s status, share repurchase behavior has become the norm when the market is in the doldrums and the stock price is considered to be undervalued. Focusing on the two share buybacks launched by Antarctic e-commerce in 2021, this paper analyzes the motivation and impact of the share buybacks.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128582224","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}
People’s spending patterns are changing due to the economy’s quick expansion, and one such change is the advent of e-commerce, which has drawn a lot of investors. This article uses JD as an example to study the fundamental elements of its business model and assess and evaluate it from the standpoint of value creation.
{"title":"Studying JD’s Value Creation-Based Business Model","authors":"Zihan Li","doi":"10.22158/ibes.v5n3p166","DOIUrl":"https://doi.org/10.22158/ibes.v5n3p166","url":null,"abstract":"People’s spending patterns are changing due to the economy’s quick expansion, and one such change is the advent of e-commerce, which has drawn a lot of investors. This article uses JD as an example to study the fundamental elements of its business model and assess and evaluate it from the standpoint of value creation.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114631125","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 phenomenon of out-of-control of subsidiaries after mergers and acquisitions is becoming more and more prominent. Effective control of subsidiaries is the most important issue that needs to be paid attention to. How to reasonably and effectively control subsidiaries has become the focus of theoretical and practical research. Taking the acquisition of Jade Education by Great Wall of Culture as an example, this paper analyzes the causes of losing control after the acquisition and analyzes the impact of losing control subsidiaries on the enterprise by means of event research and financial index analysis. The study found that the main reasons for the out-of-control of subsidiaries are unreasonable performance commitment, excessive decentralization caused by cross-border mergers and acquisitions, and out-of-control caused by blind mergers and acquisitions. Moreover, the out-of-control subsidiaries are no longer included in the scope of consolidated statements, which has a significant impact on the operating conditions of enterprises. In order to prevent the subsidiaries from losing control, it is suggested to carefully select the target for merger and acquisition, conduct due diligence on the target enterprise before merger and acquisition, reasonably delegate decision-making power and enrich and improve the performance commitment agreement.
{"title":"An Analysis of the Causes and Effects of the Out-of-Control Merger and Acquisition of Subsidiaries—A Case Study of the Great Wall of Culture Company","authors":"Yuqing Cai","doi":"10.22158/ibes.v5n3p139","DOIUrl":"https://doi.org/10.22158/ibes.v5n3p139","url":null,"abstract":"The phenomenon of out-of-control of subsidiaries after mergers and acquisitions is becoming more and more prominent. Effective control of subsidiaries is the most important issue that needs to be paid attention to. How to reasonably and effectively control subsidiaries has become the focus of theoretical and practical research. Taking the acquisition of Jade Education by Great Wall of Culture as an example, this paper analyzes the causes of losing control after the acquisition and analyzes the impact of losing control subsidiaries on the enterprise by means of event research and financial index analysis. The study found that the main reasons for the out-of-control of subsidiaries are unreasonable performance commitment, excessive decentralization caused by cross-border mergers and acquisitions, and out-of-control caused by blind mergers and acquisitions. Moreover, the out-of-control subsidiaries are no longer included in the scope of consolidated statements, which has a significant impact on the operating conditions of enterprises. In order to prevent the subsidiaries from losing control, it is suggested to carefully select the target for merger and acquisition, conduct due diligence on the target enterprise before merger and acquisition, reasonably delegate decision-making power and enrich and improve the performance commitment agreement.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124174053","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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