With the increasingly fierce international competition and scarce resources and environment, some enterprises in the important economic transition period appeared the capital chain fracture situation, stable capital chain is a necessary condition for the long-term development of enterprises. Therefore, this paper takes China Railway Construction as an example, analyzes the problems existing in cash flow risk management, and puts forward corresponding measures to provide certain reference for the industry.
{"title":"Research on Cash Flow Risk Management of Construction Enterprises","authors":"Feng-Xiang Jia","doi":"10.22158/ibes.v5n2p222","DOIUrl":"https://doi.org/10.22158/ibes.v5n2p222","url":null,"abstract":"With the increasingly fierce international competition and scarce resources and environment, some enterprises in the important economic transition period appeared the capital chain fracture situation, stable capital chain is a necessary condition for the long-term development of enterprises. Therefore, this paper takes China Railway Construction as an example, analyzes the problems existing in cash flow risk management, and puts forward corresponding measures to provide certain reference for the industry.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"197 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121886345","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 risk of local government debt has been a robust indicator of regional economic development and the smooth operation of local government. The promulgation and implementation of the new Budget Law in 2014 also reflect the determination of China to control government debt risk. Based on the DPSIR model, this paper defines the logical relationship among the driving force, pressure, debt status, influence, debt repayment ability, and local government debt risk. Combined with the entropy method, this paper analyzes the debt risk level of 30 provinces, municipalities, and autonomous regions in China from 2013 to 2019. The results show that there are apparent regional differences in the debt risk of local governments in China. The debt risk evaluation of the southwest region is higher than the average level in other regions. Overall, we show a downward and upward trend through further analysis of the internal structure and causes of local government debt risk. We offer implications for countermeasures and suggestions.
{"title":"Risk Assessment of Local Government Debt: Evidence from China","authors":"Fang Hu, Zidong Jiang","doi":"10.22158/ibes.v5n2p197","DOIUrl":"https://doi.org/10.22158/ibes.v5n2p197","url":null,"abstract":"The risk of local government debt has been a robust indicator of regional economic development and the smooth operation of local government. The promulgation and implementation of the new Budget Law in 2014 also reflect the determination of China to control government debt risk. Based on the DPSIR model, this paper defines the logical relationship among the driving force, pressure, debt status, influence, debt repayment ability, and local government debt risk. Combined with the entropy method, this paper analyzes the debt risk level of 30 provinces, municipalities, and autonomous regions in China from 2013 to 2019. The results show that there are apparent regional differences in the debt risk of local governments in China. The debt risk evaluation of the southwest region is higher than the average level in other regions. Overall, we show a downward and upward trend through further analysis of the internal structure and causes of local government debt risk. We offer implications for countermeasures and suggestions.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130508387","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}
Jiang Chenchen, Tang Miaoxi, Zhao Xinfu, Liu Chaoqun, Tantai Xinyue
As an emerging thing different from traditional agriculture, the pastoral complex covers a wide range. This paper mainly designs the agricultural landscape under the concept of the pastoral complex to create a more attractive park, attract more tourists to travel and consume here, develop the local economy, improve local income, and promote the implementation of the rural revitalization strategy in the local area. This paper combines theory with practice, broadens the application methods and theoretical framework of the design of rural complexes, has specific reference value for the research of the design of rural complexes, is conducive to the construction of rural landscapes and the protection of rural ecology, arouses people’s re-examination of the construction of rural landscape, and has specific theoretical and practical significance for the development of rural landscape and the implementation of rural revitalization strategy.
{"title":"Research on the Integrated Development Mode of Pastoral Agriculture","authors":"Jiang Chenchen, Tang Miaoxi, Zhao Xinfu, Liu Chaoqun, Tantai Xinyue","doi":"10.22158/ibes.v5n2p172","DOIUrl":"https://doi.org/10.22158/ibes.v5n2p172","url":null,"abstract":"As an emerging thing different from traditional agriculture, the pastoral complex covers a wide range. This paper mainly designs the agricultural landscape under the concept of the pastoral complex to create a more attractive park, attract more tourists to travel and consume here, develop the local economy, improve local income, and promote the implementation of the rural revitalization strategy in the local area. This paper combines theory with practice, broadens the application methods and theoretical framework of the design of rural complexes, has specific reference value for the research of the design of rural complexes, is conducive to the construction of rural landscapes and the protection of rural ecology, arouses people’s re-examination of the construction of rural landscape, and has specific theoretical and practical significance for the development of rural landscape and the implementation of rural revitalization strategy.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125512624","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 “double tutorial system” education mode of hotel management major in higher vocational colleges is an important link in the construction of professional teaching staff. The core of this mode is that students get dual guidance from the school and the enterprise in both theory and practice. In the implementation process, we should make full use of school-enterprise resources, set up a double-tutor teaching team, implement incentive measures, and establish a guarantee mechanism, so that both the school and the enterprise can invest high-quality manpower, guaranteed material and financial resources, assume the corresponding responsibility of education, teaching and daily management for the quality of the students cultivated by cooperation, and seek the education effect that the school-enterprise students can win.
{"title":"Innovation Research on the Training Mode of “Double Tutor System” integrating Production and Teaching in Hotel Management Specialty of Higher Vocational Colleges: Stakeholder Perspective","authors":"Yao Shangkun","doi":"10.22158/ibes.v5n2p166","DOIUrl":"https://doi.org/10.22158/ibes.v5n2p166","url":null,"abstract":"The “double tutorial system” education mode of hotel management major in higher vocational colleges is an important link in the construction of professional teaching staff. The core of this mode is that students get dual guidance from the school and the enterprise in both theory and practice. In the implementation process, we should make full use of school-enterprise resources, set up a double-tutor teaching team, implement incentive measures, and establish a guarantee mechanism, so that both the school and the enterprise can invest high-quality manpower, guaranteed material and financial resources, assume the corresponding responsibility of education, teaching and daily management for the quality of the students cultivated by cooperation, and seek the education effect that the school-enterprise students can win.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"102 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125502075","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 research paper is based on an empirical analysis of portfolio risk management using the value-at-risk (VaR) model. First, the theoretical foundations of portfolio management are introduced, including portfolio theory, asset pricing models, risk management theory and methods, and VaR models. Then the research methodology is described, including data sources and processing, VaR model construction, and risk metric calculation and interpretation. The empirical results section shows the risk analysis and source identification of asset portfolios, the estimation of VaR model parameters and confidence intervals, and the results of VaR calculations and risk measures at different confidence levels. Finally, the results are discussed and analyzed, including the interpretation and comparison of the risk measure results and the advantages and disadvantages of the VaR model. The paper also provides practical risk management recommendations and decision support for investors based on the results of the study. Limitations of the study and future research directions are also discussed. Overall, insights into portfolio risk management using VaR models are provided and a useful reference for researchers and investors interested in this area.
{"title":"Asset Portfolio Risk Management Study-Empirical Analysis Based on VaR Model","authors":"Y. Zhong","doi":"10.22158/ibes.v5n2p151","DOIUrl":"https://doi.org/10.22158/ibes.v5n2p151","url":null,"abstract":"This research paper is based on an empirical analysis of portfolio risk management using the value-at-risk (VaR) model. First, the theoretical foundations of portfolio management are introduced, including portfolio theory, asset pricing models, risk management theory and methods, and VaR models. Then the research methodology is described, including data sources and processing, VaR model construction, and risk metric calculation and interpretation. The empirical results section shows the risk analysis and source identification of asset portfolios, the estimation of VaR model parameters and confidence intervals, and the results of VaR calculations and risk measures at different confidence levels. Finally, the results are discussed and analyzed, including the interpretation and comparison of the risk measure results and the advantages and disadvantages of the VaR model. The paper also provides practical risk management recommendations and decision support for investors based on the results of the study. Limitations of the study and future research directions are also discussed. Overall, insights into portfolio risk management using VaR models are provided and a useful reference for researchers and investors interested in this area.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129053208","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 techniques of risk management and the financial results of Nigerian manufacturing companies were the main topics of this essay. The study used a quantitative, cross-sectional research design. In order to analyze the data that was collected for the study, both descriptive and inferential methods were used. The hypotheses were tested using the regression method at the 0.05 or 5% level of significance. According to this study, risk management practices greatly improve the performance of manufacturing organizations, and Risk Awareness and control has a considerable impact on that performance. As a result of the study’s findings, it was suggested that management in the manufacturing sector make sure their Risk Awareness and control is efficient and effective since it has an impact on how well manufacturing organizations operate. Manufacturing company management should guarantee that effective risk management practices, such as early risk identification, risk assessment, and efficient risk Control/Reduction system, are in place to assure an increase in the performance of the manufacturing sector.
{"title":"The Financial Performance of Nigerian Manufacturing Firms and Risk Management Practices","authors":"Abere Omotayo Johncally, Saka, Shafau Toyin","doi":"10.22158/ibes.v5n2p138","DOIUrl":"https://doi.org/10.22158/ibes.v5n2p138","url":null,"abstract":"The techniques of risk management and the financial results of Nigerian manufacturing companies were the main topics of this essay. The study used a quantitative, cross-sectional research design. In order to analyze the data that was collected for the study, both descriptive and inferential methods were used. The hypotheses were tested using the regression method at the 0.05 or 5% level of significance. According to this study, risk management practices greatly improve the performance of manufacturing organizations, and Risk Awareness and control has a considerable impact on that performance. As a result of the study’s findings, it was suggested that management in the manufacturing sector make sure their Risk Awareness and control is efficient and effective since it has an impact on how well manufacturing organizations operate. Manufacturing company management should guarantee that effective risk management practices, such as early risk identification, risk assessment, and efficient risk Control/Reduction system, are in place to assure an increase in the performance of the manufacturing sector.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132173687","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}
Rural revitalization is an important strategy of the Chinese government to solve the new “three rural” problems, Carrying out rural vitalization work, It creates a whole set of financial needs. This paper analyzes the current situation and existing problems of China’s financial support for rural revitalization, And then put forward financial support for rural revitalization related suggestions.
{"title":"Study on the Implementation Path of Financial Support for Rural Revitalization","authors":"Lingchao Tang, Shuang Gao","doi":"10.22158/ibes.v5n2p134","DOIUrl":"https://doi.org/10.22158/ibes.v5n2p134","url":null,"abstract":"Rural revitalization is an important strategy of the Chinese government to solve the new “three rural” problems, Carrying out rural vitalization work, It creates a whole set of financial needs. This paper analyzes the current situation and existing problems of China’s financial support for rural revitalization, And then put forward financial support for rural revitalization related suggestions.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115069078","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}
To encourage corporate investment in innovation or R&D and foster innovative firms, the government of China established standards for the certification of high-tech enterprises in 2008. The business entities that fulfill these standards are entitled to tax deductions. One of the criteria is the ratio of R&D expenses to sales exceeding a specific percentage (which depends on the annual revenue) in the preceding 3 years. Moreover, this study examines data from the CSMAR database for the period 2008-2019 and includes data from 8,233 listed high-tech enterprises. The results show that if the proportion of pre-managed R&D expenses to pre-managed sales that are less than 6% (or 5%), 4%, or 3% in the past three years of firms with different sales range in the current year and managed earnings through sales or R&D expenses to fulfill the standards required for the certification positively influenced the costs of debt (non-significant).
{"title":"Relationship between Real Earnings Management with Cost of Debt in Chinese Listed High-Tech Enterprises: The Perspective of Corporate Income Tax Incentives","authors":"Zhenjia Liu","doi":"10.22158/ibes.v5n2p119","DOIUrl":"https://doi.org/10.22158/ibes.v5n2p119","url":null,"abstract":"To encourage corporate investment in innovation or R&D and foster innovative firms, the government of China established standards for the certification of high-tech enterprises in 2008. The business entities that fulfill these standards are entitled to tax deductions. One of the criteria is the ratio of R&D expenses to sales exceeding a specific percentage (which depends on the annual revenue) in the preceding 3 years. Moreover, this study examines data from the CSMAR database for the period 2008-2019 and includes data from 8,233 listed high-tech enterprises. The results show that if the proportion of pre-managed R&D expenses to pre-managed sales that are less than 6% (or 5%), 4%, or 3% in the past three years of firms with different sales range in the current year and managed earnings through sales or R&D expenses to fulfill the standards required for the certification positively influenced the costs of debt (non-significant).","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131300088","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 intended purpose of this study was to investigate the contribution, constraints, trends and determinants of private domestic investment in Ethiopia by taking annual data set of 34 years spanning from 1987-2021. The objective was achieved by collecting secondary data. Accordingly, domestics private investment has contributed a lot for the growth of the national economic despite the constrains. The domestic private investment in Ethiopia has faced severe trend due to trends in economics system in the country, i.e., pre-1974, 1974-1991 and Post 1991. The determining factors in this study included private investment, foreign direct investment, inflation rate, access to credit, GDP per capita, lending interest rate, human capital, exchange rate, public investment, taxation and political stability. Accordingly, GDP per-capital, political stability, public investment and lending interest rate have significant positive long run effect on private investment, while human capital and exchange rate have negative long run effect. Public investment and political stability have positive significant effect while lending interest rate and exchange rate have negative significant effect in the short run. Finally, expansion of infrastructure, increasing income generation mechanism for citizens, appreciation of domestic currency and creating fertile investment climate are some of the recommendations forwarded.
{"title":"The Domestic Private Investment in Ethiopia: Contribution, Constraints, Trends and Determinants","authors":"Chuol Jock Ruey","doi":"10.22158/ibes.v5n2p70","DOIUrl":"https://doi.org/10.22158/ibes.v5n2p70","url":null,"abstract":"The intended purpose of this study was to investigate the contribution, constraints, trends and determinants of private domestic investment in Ethiopia by taking annual data set of 34 years spanning from 1987-2021. The objective was achieved by collecting secondary data. Accordingly, domestics private investment has contributed a lot for the growth of the national economic despite the constrains. The domestic private investment in Ethiopia has faced severe trend due to trends in economics system in the country, i.e., pre-1974, 1974-1991 and Post 1991. The determining factors in this study included private investment, foreign direct investment, inflation rate, access to credit, GDP per capita, lending interest rate, human capital, exchange rate, public investment, taxation and political stability. Accordingly, GDP per-capital, political stability, public investment and lending interest rate have significant positive long run effect on private investment, while human capital and exchange rate have negative long run effect. Public investment and political stability have positive significant effect while lending interest rate and exchange rate have negative significant effect in the short run. Finally, expansion of infrastructure, increasing income generation mechanism for citizens, appreciation of domestic currency and creating fertile investment climate are some of the recommendations forwarded.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126291170","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 planning element of saving, especially in rural areas of Ethiopia, is in its infancy, and little is known empirically about its determinants. Saving as a planning variable, influences both individual wellbeing and that of the country as a whole. The purpose of this research was to identify the types of savings that rural households used and the key factors that determine their savings. Descriptive and exploratory research designs, as well as a mixed approach, were used to accomplish the study’s objectives. Cross-sectional data from both primary and secondary sources were gathered from 370 sample homes using questionnaires, interviews, and the internet. Both descriptive and inferential statistics were used to analyze the data that had been gathered. Finally, it was determined that rural household saving is still in its infancy in rural communities of the Nuer Zone and that the only unimportant variables in determining rural household saving are sex, age, and marital status. Rural household saving is motivated by the desire to save money for immediate consumption.
{"title":"Determinants Of Rural Household Savings In Gambella: The Case of Nuer Zone, Gambella People’s National Regional State, Ethiopia","authors":"Chuol Jock Ruey","doi":"10.22158/ibes.v5n2p88","DOIUrl":"https://doi.org/10.22158/ibes.v5n2p88","url":null,"abstract":"The planning element of saving, especially in rural areas of Ethiopia, is in its infancy, and little is known empirically about its determinants. Saving as a planning variable, influences both individual wellbeing and that of the country as a whole. The purpose of this research was to identify the types of savings that rural households used and the key factors that determine their savings. Descriptive and exploratory research designs, as well as a mixed approach, were used to accomplish the study’s objectives. Cross-sectional data from both primary and secondary sources were gathered from 370 sample homes using questionnaires, interviews, and the internet. Both descriptive and inferential statistics were used to analyze the data that had been gathered. Finally, it was determined that rural household saving is still in its infancy in rural communities of the Nuer Zone and that the only unimportant variables in determining rural household saving are sex, age, and marital status. Rural household saving is motivated by the desire to save money for immediate consumption.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131109288","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：