Colleges and universities undertake the historical responsibility of realizing the great rejuvenation of the Chinese nation, and the Party attached great importance to it. The modernization of college governance and governance ability are directly related to the fundamental problem of “who to cultivate, how to cultivate people and for whom”. As an important part of systematized economic decision-making, standardized internal management and risk prevention and control normalization in universities, internal audit promotes the modernization of governance in colleges and universities and plays an important role in “checking, treating and preventing”. Based on the governance theory, I will study the modernization of governance capacity in colleges and universities, and build the path of internal governance audit to boost the modernization of college governance capacity from the aspects of audit system, organizational system, operation system, evaluation system on the macro, medium and micro levels of governance in colleges and universities.
{"title":"Internal Audit Promotes the Path of the Modernization of University Governance Capacity","authors":"L. Cai","doi":"10.26549/jfr.v6i1.11185","DOIUrl":"https://doi.org/10.26549/jfr.v6i1.11185","url":null,"abstract":"Colleges and universities undertake the historical responsibility of realizing the great rejuvenation of the Chinese nation, and the Party attached great importance to it. The modernization of college governance and governance ability are directly related to the fundamental problem of “who to cultivate, how to cultivate people and for whom”. As an important part of systematized economic decision-making, standardized internal management and risk prevention and control normalization in universities, internal audit promotes the modernization of governance in colleges and universities and plays an important role in “checking, treating and preventing”. Based on the governance theory, I will study the modernization of governance capacity in colleges and universities, and build the path of internal governance audit to boost the modernization of college governance capacity from the aspects of audit system, organizational system, operation system, evaluation system on the macro, medium and micro levels of governance in colleges and universities.","PeriodicalId":390233,"journal":{"name":"Journal of Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114547866","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 clarify the internal mechanism of the influence of the aging population and the new generation on housing prices is helpful to scientifically analyze and predict the trend of housing prices and the aging population and the new generation. This paper uses the intergenerational overlap model of the two periods as the theoretical basis, and uses the provincial panel data from 1998 to 2018 to study the impact of the elderly population and the new generation on the price fluctuations of commercial housing. The results of the study show that on the whole, both the aging population and the new generation have promoted the rise in commodity housing prices. However, the regional heterogeneity is significant. The aging population has the most significant impact on housing price increases in developed and general developed areas, and has no significant impact on housing price increases in other places. The new generation has a negative impact on housing prices in backward areas and a positive impact on housing prices in other areas. Looking further, using the ARIMA model to predict housing prices in the next 10 years, it is concluded that housing prices will show a slow upward trend in the next 10 years. Therefore, the government can ensure the stable development of the real estate market by revitalizing the second-hand housing market and implementing housing projects.
{"title":"Research on the Impact of Aging and New Generation in the Population Structure on China’s Real Estate Price Volatility","authors":"Zhao Cui, Zhixin Zhang, Cheng Li","doi":"10.26549/jfr.v6i1.8913","DOIUrl":"https://doi.org/10.26549/jfr.v6i1.8913","url":null,"abstract":"To clarify the internal mechanism of the influence of the aging population and the new generation on housing prices is helpful to scientifically analyze and predict the trend of housing prices and the aging population and the new generation. This paper uses the intergenerational overlap model of the two periods as the theoretical basis, and uses the provincial panel data from 1998 to 2018 to study the impact of the elderly population and the new generation on the price fluctuations of commercial housing. The results of the study show that on the whole, both the aging population and the new generation have promoted the rise in commodity housing prices. However, the regional heterogeneity is significant. The aging population has the most significant impact on housing price increases in developed and general developed areas, and has no significant impact on housing price increases in other places. The new generation has a negative impact on housing prices in backward areas and a positive impact on housing prices in other areas. Looking further, using the ARIMA model to predict housing prices in the next 10 years, it is concluded that housing prices will show a slow upward trend in the next 10 years. Therefore, the government can ensure the stable development of the real estate market by revitalizing the second-hand housing market and implementing housing projects.","PeriodicalId":390233,"journal":{"name":"Journal of Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130602065","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 indicator of social financing scale (SFS) has become a new intermediate target for China’s socioeconomic regulation since 2011, which has a better tracking performance on important economic indicators such as CPI and is also the new intermediate target of monetary policy used by China’s central bank to replace M2 at present. So, is there an impact of the social financing scale on another important economic indicator, the RMB exchange rate? This paper conducted an OLS regression analysis of the time series data of social financing scale and the nominal effective exchange rate (NEER) of RMB for a total of 61 months from October 2016 to October 2021 and find that SFS has a significant positive impact on the exchange rate of RMB. This result means that the expansion of SFS will lead to the appreciation of RMB. In addition, the paper fills the research gap on the combination of SFS and RMB exchange rate, and suggests that mechanisms such as monetary policy or domestic interest rates may be responsible for this correlation at the theoretical level.
{"title":"A Glimpse into a Potential Influencing Factor of China’s Exchange Rate: Social Financing Scale","authors":"Wei-hsieh Li, Zekun Hong","doi":"10.26549/jfr.v6i1.11133","DOIUrl":"https://doi.org/10.26549/jfr.v6i1.11133","url":null,"abstract":"The indicator of social financing scale (SFS) has become a new intermediate target for China’s socioeconomic regulation since 2011, which has a better tracking performance on important economic indicators such as CPI and is also the new intermediate target of monetary policy used by China’s central bank to replace M2 at present. So, is there an impact of the social financing scale on another important economic indicator, the RMB exchange rate? This paper conducted an OLS regression analysis of the time series data of social financing scale and the nominal effective exchange rate (NEER) of RMB for a total of 61 months from October 2016 to October 2021 and find that SFS has a significant positive impact on the exchange rate of RMB. This result means that the expansion of SFS will lead to the appreciation of RMB. In addition, the paper fills the research gap on the combination of SFS and RMB exchange rate, and suggests that mechanisms such as monetary policy or domestic interest rates may be responsible for this correlation at the theoretical level.","PeriodicalId":390233,"journal":{"name":"Journal of Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114243102","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 digital world has provided modern organisations with challenges and opportunities at the same time. Especially, the use of advanced technology such as internet well improves transparency of many organisations. However, this also brings volatility and uncertainty to an organisation’s business environment, thereby leading to a more complex and time-consuming decision-making process. To solve this problem, two management accounting techniques, ABC System and BSC, have accordingly been adopted by many managers. In this article, the purpose is to briefly discuss some of the challenges faced by organisations; and then, the two initiative management methods are well explained individually with reference to appropriate examples.
{"title":"The Role of Management Accounting in Adding Value to Organisations","authors":"Tonglei Zhang","doi":"10.26549/jfr.v6i1.7815","DOIUrl":"https://doi.org/10.26549/jfr.v6i1.7815","url":null,"abstract":"The rapid development of digital world has provided modern organisations with challenges and opportunities at the same time. Especially, the use of advanced technology such as internet well improves transparency of many organisations. However, this also brings volatility and uncertainty to an organisation’s business environment, thereby leading to a more complex and time-consuming decision-making process. To solve this problem, two management accounting techniques, ABC System and BSC, have accordingly been adopted by many managers. In this article, the purpose is to briefly discuss some of the challenges faced by organisations; and then, the two initiative management methods are well explained individually with reference to appropriate examples.","PeriodicalId":390233,"journal":{"name":"Journal of Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134628181","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}
Over the years, the positive effect of the growth of China’s agricultural cooperatives on the development of rural economy is undoubted, but many problems have been exposed in practice, such as the non-standard problems of shell cooperatives. This paper takes 355 cooperatives in a county of Ganzi as an example to study the types and reasons of nonstandard phenomena in the development of heterogeneous cooperatives, and then puts forward the construction of cooperative governance mechanism based on principal-agent relationship; propagandizing the new cooperative law, enhancing the sense of legal system of members and other governance suggestions to promote the healthy and high-quality development of agricultural cooperatives.
{"title":"Research on the Causes and Governance of Non-standard Problems of Heterogeneous Agricultural Cooperatives-based on the Reality Observation from X county in Ganzi Prefecture, China","authors":"Chengge Deng","doi":"10.26549/jfr.v6i1.9566","DOIUrl":"https://doi.org/10.26549/jfr.v6i1.9566","url":null,"abstract":"Over the years, the positive effect of the growth of China’s agricultural cooperatives on the development of rural economy is undoubted, but many problems have been exposed in practice, such as the non-standard problems of shell cooperatives. This paper takes 355 cooperatives in a county of Ganzi as an example to study the types and reasons of nonstandard phenomena in the development of heterogeneous cooperatives, and then puts forward the construction of cooperative governance mechanism based on principal-agent relationship; propagandizing the new cooperative law, enhancing the sense of legal system of members and other governance suggestions to promote the healthy and high-quality development of agricultural cooperatives.","PeriodicalId":390233,"journal":{"name":"Journal of Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131744040","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 paper takes the financial statements of MI from 2017to 2019, and uses Harvard analysis framework to analyse the financial situation of MI. The analysis content mainly includes enterprise macro environment, industry competitive analysis and financial ratio analysis. This paper tried to understand the current situation and development prospect of MI. Based on the analysis of MI’s financial situation under the framework of Harvard, we summarized the existing problems and put forward suggestions.
{"title":"Financial Analysis of MI’s Company Based on Harvard Analysis Framework","authors":"Gu Jingxian, Yang Yuanxi","doi":"10.26549/jfr.v5i2.7703","DOIUrl":"https://doi.org/10.26549/jfr.v5i2.7703","url":null,"abstract":"This paper takes the financial statements of MI from 2017to 2019, and uses Harvard analysis framework to analyse the financial situation of MI. The analysis content mainly includes enterprise macro environment, industry competitive analysis and financial ratio analysis. This paper tried to understand the current situation and development prospect of MI. Based on the analysis of MI’s financial situation under the framework of Harvard, we summarized the existing problems and put forward suggestions.","PeriodicalId":390233,"journal":{"name":"Journal of Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126734775","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 continuous development of China’s economy and the acceleration of urbanization, more and more rural labor force is gradually transferred to cities and non-agricultural industries. Although the transfer of rural labor force can increase farmers’ income, improve farmers’ quality of life, and accelerate the process of urbanization and agricultural modernization in China, the unreasonable transfer of rural labor force has also brought some problems to China’s agricultural development. This paper mainly through the method of combining theoretical derivation and empirical analysis, using the data from 2010 to 2015 to analyze, study the influence of rural labor transfer on agricultural production, explore the relationship between rural labor transfer and agricultural development and provide relevant policy suggestions.
{"title":"Economic Effect of Rural Labor Transfer in China","authors":"Li Cheng, Zhang Zhixin, Jin Yue","doi":"10.26549/jfr.v5i2.7708","DOIUrl":"https://doi.org/10.26549/jfr.v5i2.7708","url":null,"abstract":"With the continuous development of China’s economy and the acceleration of urbanization, more and more rural labor force is gradually transferred to cities and non-agricultural industries. Although the transfer of rural labor force can increase farmers’ income, improve farmers’ quality of life, and accelerate the process of urbanization and agricultural modernization in China, the unreasonable transfer of rural labor force has also brought some problems to China’s agricultural development. This paper mainly through the method of combining theoretical derivation and empirical analysis, using the data from 2010 to 2015 to analyze, study the influence of rural labor transfer on agricultural production, explore the relationship between rural labor transfer and agricultural development and provide relevant policy suggestions.","PeriodicalId":390233,"journal":{"name":"Journal of Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114371869","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 financial crisis of 2008 precipitated by credit issues in the US housing market is probably one of the most profound financial events in recorded history. Its shockwaves have significantly affected almost every market centre as well as country in the world. The aim of this report is accordingly to investigate major reasons behind the crisis from a special angle of banking systems. In particular, problems hidden in regulations, mechanisms and systems in the wake of the financial crisis are focused specifically in this report.
{"title":"Investigating the Financial Crisis in 2008 from the Perspective of Banking Systems","authors":"Tonglei Zhang","doi":"10.26549/jfr.v5i2.7814","DOIUrl":"https://doi.org/10.26549/jfr.v5i2.7814","url":null,"abstract":"The financial crisis of 2008 precipitated by credit issues in the US housing market is probably one of the most profound financial events in recorded history. Its shockwaves have significantly affected almost every market centre as well as country in the world. The aim of this report is accordingly to investigate major reasons behind the crisis from a special angle of banking systems. In particular, problems hidden in regulations, mechanisms and systems in the wake of the financial crisis are focused specifically in this report.","PeriodicalId":390233,"journal":{"name":"Journal of Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114522535","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 rapid development of the Internet and information technology, network trade has emerged and broken through the traditional trade boundaries in the rapidly developing information technology. Therefore, with the advent of the information age, network trade has had a series of impacts on China’s economy, which has given wings to the take-off of China’s economy, but also made the development of China’s economy face a new environment and new challenges. Based on this, this paper first analyzes the connotation of network trade, and analyzes the impact of the network trade era on China’s economy. Through such a study, it aims to make China better seize the opportunities of the times and meet the challenges of the times in the process of promoting social and economic development, so as to achieve a good and rapid development of the national economy.
{"title":"The Impact of the Network Trade Era on the Chinese (Asian) Economy","authors":"Han Bing","doi":"10.26549/jfr.v5i2.7710","DOIUrl":"https://doi.org/10.26549/jfr.v5i2.7710","url":null,"abstract":"With the rapid development of the Internet and information technology, network trade has emerged and broken through the traditional trade boundaries in the rapidly developing information technology. Therefore, with the advent of the information age, network trade has had a series of impacts on China’s economy, which has given wings to the take-off of China’s economy, but also made the development of China’s economy face a new environment and new challenges. Based on this, this paper first analyzes the connotation of network trade, and analyzes the impact of the network trade era on China’s economy. Through such a study, it aims to make China better seize the opportunities of the times and meet the challenges of the times in the process of promoting social and economic development, so as to achieve a good and rapid development of the national economy.","PeriodicalId":390233,"journal":{"name":"Journal of Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127747281","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}
Finance is vital to a country, and Hong Kong, as a special part of the large economy of China, has unique advantages and development history. And Hong Kong’s growth from a small fishing village to a financial centre has its inevitable factors: historical, geographical and policy advantages. After nearly a century of rapid development, Hong Kong has achieved many proud accomplishments in the following fields: economy, medicine, education, etc. In the process, the cooperation between Hong Kong and the mainland has become increasingly close, and the two sides of the Strait have become excellent “partners”. In recent years, due to the COVID-19 epidemic and the rise of China as a big economy, Hong Kong is facing an unavoidable dilemma. In view of this, the authors suggest that Hong Kong can develop financial technology, enhance financial security, implement green finance, and promote corporate innovation. At the same time, Hong Kong should also strengthen the relationship with the mainland. Generally speaking, under the current circumstances, Hong Kong will continue to exist as an important financial center of China, but Hong Kong should also actively face the challenges of the times and explore new developments directions in the future.
{"title":"On the “Past and Present” of Hong Kong’s Finance","authors":"Zhou Boya, Wang Zifei","doi":"10.26549/jfr.v5i2.8528","DOIUrl":"https://doi.org/10.26549/jfr.v5i2.8528","url":null,"abstract":"Finance is vital to a country, and Hong Kong, as a special part of the large economy of China, has unique advantages and development history. And Hong Kong’s growth from a small fishing village to a financial centre has its inevitable factors: historical, geographical and policy advantages. After nearly a century of rapid development, Hong Kong has achieved many proud accomplishments in the following fields: economy, medicine, education, etc. In the process, the cooperation between Hong Kong and the mainland has become increasingly close, and the two sides of the Strait have become excellent “partners”. In recent years, due to the COVID-19 epidemic and the rise of China as a big economy, Hong Kong is facing an unavoidable dilemma. In view of this, the authors suggest that Hong Kong can develop financial technology, enhance financial security, implement green finance, and promote corporate innovation. At the same time, Hong Kong should also strengthen the relationship with the mainland. Generally speaking, under the current circumstances, Hong Kong will continue to exist as an important financial center of China, but Hong Kong should also actively face the challenges of the times and explore new developments directions in the future.","PeriodicalId":390233,"journal":{"name":"Journal of Finance Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128830072","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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