The paper focuses on determining the aspects of the approach to business processes optimization at transport enterprises in modern economic conditions based on the generalization of their standards, according to which the process principle of enterprise management organization is considered more effective. The process approach is focused primarily on business processes, the ultimate goals of which are to create products or services that are of value to external or internal consumers. A significant number of experts from different industries participate in the creation of a complex standards process. Standardization concerns many topics in the transport industry, higher education, logistics business, and performs similar functions. Standardization will help to increase the country’s transport potential. Standardized processes in the industry will contribute to obtaining a positive effect on the quality of customer service, increasing the competence of personnel, as well as optimizing work processes leading to the increased financial results of enterprises.
{"title":"Standardization of Business Processes in the Transportation Sector","authors":"Drachuk Yurii, Trushkina Nataliia, Serhieieva Olena, Snitko Yelyzaveta, Belyaeva Ganna","doi":"10.4236/ojbm.2021.95125","DOIUrl":"https://doi.org/10.4236/ojbm.2021.95125","url":null,"abstract":"The paper focuses on determining the aspects of the approach to business \u0000processes optimization at transport enterprises in modern economic conditions \u0000based on the generalization of their standards, according to which the process \u0000principle of enterprise management organization is considered more effective. \u0000The process approach is focused primarily on business processes, the ultimate \u0000goals of which are to create products or services that are of value to external \u0000or internal consumers. A significant number of experts from different \u0000industries participate in the creation of a complex standards process. \u0000Standardization concerns many topics in the transport industry, higher \u0000education, logistics business, and performs similar functions. Standardization \u0000will help to increase the country’s transport potential. Standardized processes \u0000in the industry will contribute to obtaining a positive effect on the quality \u0000of customer service, increasing the competence of personnel, as well as optimizing work processes leading to the increased \u0000financial results of enterprises.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124180826","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 progress of modern information technology in the economic and social development, information construction has been widely used in the public medical system. In public hospitals, modern information construction has not only improved the overall medical service level and efficiency, but also strengthened Hospital internal control and management. The application level of information technology is an important factor in the financial management of public hospitals, and the construction of information has a profound impact on the improvement of the financial management of public hospitals. Through the extensive influence and necessity between the financial management and information construction of modern public hospitals, this paper analyzes the main problems existing in the process of financial management and information construction of public hospitals, and studies the suggested measures to solve the problems, in order to optimize the financial management of public hospitals, and provide reference for information construction.
{"title":"Research on Financial Management and Information Construction of Public Hospitals","authors":"Ziyan Wen","doi":"10.4236/ojbm.2021.95120","DOIUrl":"https://doi.org/10.4236/ojbm.2021.95120","url":null,"abstract":"With the continuous progress of modern information technology in the \u0000economic and social development, information construction has been widely used in \u0000the public medical system. In public hospitals, modern information construction \u0000has not only improved the overall medical service level and efficiency, but \u0000also strengthened Hospital internal control and management. The application \u0000level of information technology is an important factor in the financial \u0000management of public hospitals, and the construction of information has a \u0000profound impact on the improvement of the financial management of public \u0000hospitals. Through the extensive influence and necessity between the financial \u0000management and information construction of modern public hospitals, this paper \u0000analyzes the main problems existing in the process of financial management and \u0000information construction of public hospitals, and studies the suggested measures \u0000to solve the problems, in order to optimize the financial management of public \u0000hospitals, and provide reference for information construction.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125322687","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}
Environmental challenges and problems in the new sector have been growing increasingly. This has contributed to the development of small and medium-sized businesses focused on environmental issues and green technologies. However, in addition to focusing on producing more green products, firms should also focus on how to manage them. The implementation of Ecological Activities is an effective method for an organisation to manage its environmental concerns and enhance its environmental efficiency. This study examines the impact of the ecological practises of small and medium-sized enterprises (SMEs) in Karnataka. It also identifies effective ecological practises adopted by selected small and medium-sized enterprises. Quantitative data were obtained through a survey of 118 small and medium-sized manufacturing enterprises located in the entire Mysore and Bengaluru area. Review of the results has shown that there is an optimistic rate of sustainable environmental practise among small and medium-sized businesses, with enhancement of green purchasing as a top priority, followed by waste reduction and recycling. The outcome has also demonstrated that energy efficiency is not greatly influenced by environmental practises. Based on the outcome, the conclusions of this research provide new pathways for the future research. It can be inferred that the introduction of sustainable practises is a method for small and medium-sized businesses to control and solve environmental problems and enhance environmental performance. Limitations and suggestions for future study are also discussed.
{"title":"Effect of Ecological Practices Adoption on Environmental Performance of Selected SMEs in Karnataka","authors":"Prakash Thyagaraj Rajeshwari, Byrappa Harani","doi":"10.4236/ojbm.2021.95114","DOIUrl":"https://doi.org/10.4236/ojbm.2021.95114","url":null,"abstract":"Environmental challenges and problems in the new sector have been growing \u0000increasingly. This has contributed to the development of small and medium-sized \u0000businesses focused on environmental issues and green technologies. However, in \u0000addition to focusing on producing more green products, firms should also focus \u0000on how to manage them. The implementation of Ecological Activities is an \u0000effective method for an organisation to manage its environmental concerns and \u0000enhance its environmental efficiency. This study examines the impact of the \u0000ecological practises of small and medium-sized enterprises (SMEs) in Karnataka. \u0000It also identifies effective ecological practises adopted by selected small and \u0000medium-sized enterprises. Quantitative data were obtained through a survey of \u0000118 small and medium-sized manufacturing enterprises located in the entire \u0000Mysore and Bengaluru area. Review of the results has shown that there is an \u0000optimistic rate of sustainable environmental practise among small and \u0000medium-sized businesses, with enhancement of green purchasing as a top priority, \u0000followed by waste reduction and recycling. The outcome has also demonstrated \u0000that energy efficiency is not greatly influenced by environmental practises. \u0000Based on the outcome, the conclusions of this research provide new pathways for \u0000the future research. It can be inferred that the introduction of sustainable \u0000practises is a method for small and medium-sized businesses to control and \u0000solve environmental problems and enhance environmental performance. Limitations \u0000and suggestions for future study are also discussed.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128247951","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 conducts theoretical and empirical research on the structural mutation of China’s carbon emission allowance trading price. Firstly, it analyzes the possibility of price mutation from the perspective of market mechanism through theoretical analysis. Secondly, the Bai-Perron Multiple Breakpoint Test method is used to test the autoregressive model of the carbon valence sequence. It is found that the carbon emission price series of each pilot have multiple structural mutations, and the breakpoints often occur around the annual compliance date. It is believed that the compliance requirement is the direct internal factor that causes the sudden change in the carbon emission price structure. Combined with the observation of market transaction characteristics and the direction of price sudden changes, the analysis of the deeper internal causes of price sudden changes in the market lies in the poor ability of enterprises to actively manage quotas, low market transaction activity, and excessive total supply of quotas. Based on the problems and reasons reflected by the empirical test results, this paper finally puts forward three rationalization suggestions for the improvement of the carbon emission allowance trading market.
{"title":"Research on the Structural Mutation of Carbon Emission Allowance Trading Price of China","authors":"Rui Xia","doi":"10.4236/ojbm.2021.95135","DOIUrl":"https://doi.org/10.4236/ojbm.2021.95135","url":null,"abstract":"This paper conducts theoretical and empirical research on the structural \u0000mutation of China’s carbon emission allowance trading price. Firstly, it \u0000analyzes the possibility of price mutation from the perspective of market \u0000mechanism through theoretical analysis. Secondly, the Bai-Perron Multiple \u0000Breakpoint Test method is used to test the autoregressive model of the carbon \u0000valence sequence. It is found that the carbon emission price series of each \u0000pilot have multiple structural mutations, and the breakpoints often occur \u0000around the annual compliance date. It is believed that the compliance \u0000requirement is the direct internal factor that causes the sudden change in the \u0000carbon emission price structure. Combined with the observation of market \u0000transaction characteristics and the direction of price sudden changes, the \u0000analysis of the deeper internal causes of price sudden changes in the market \u0000lies in the poor ability of enterprises to actively manage quotas, low market \u0000transaction activity, and excessive total supply of quotas. Based on the \u0000problems and reasons reflected by the empirical test results, this paper \u0000finally puts forward three rationalization suggestions for the improvement of \u0000the carbon emission allowance trading market.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129842985","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}
In the era of economic globalization and knowledge economy, how can enterprises gradually catch up with and even surpass powerful competitors? How can leading enterprises maintain their market position and create sustainable competitive advantage? These two issues have always been a hot topic in the field of strategic management. The success or failure of enterprise management is determined by many factors, and competitiveness is the most important and essential factor. In the new environment, grasping the formation and evolution law of enterprise competitiveness and promoting the sustainable and healthy growth of enterprises is an important topic to be solved in the research of strategic management. On the source of enterprise competitiveness, the academic circles mainly focus on four factors: Resource-based view (RBV), Knowledge-based view (KBV), Capability-based view (CBV) and Institution-based view (IBV).
{"title":"The Source of the Enterprise Competitiveness: Theoretical Review with Four Viewpoints","authors":"Changcai Xie","doi":"10.4236/ojbm.2021.95137","DOIUrl":"https://doi.org/10.4236/ojbm.2021.95137","url":null,"abstract":"In the \u0000era of economic globalization and knowledge economy, how can enterprises gradually \u0000catch up with and even surpass powerful competitors? How can leading \u0000enterprises maintain their market position and create sustainable competitive \u0000advantage? These two issues have always been a hot topic in the field of \u0000strategic management. The success or failure of enterprise management is \u0000determined by many factors, and competitiveness is the most important and \u0000essential factor. In the new environment, grasping the formation and evolution \u0000law of enterprise competitiveness and promoting the sustainable and healthy \u0000growth of enterprises is an important topic to be solved in the research of \u0000strategic management. On the source of enterprise competitiveness, the academic \u0000circles mainly focus on four factors: Resource-based view (RBV), Knowledge-based \u0000view (KBV), Capability-based view (CBV) and Institution-based view (IBV).","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131060279","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 is a study of the Pensions and Insurance Authority (PIA), its regulatory framework, mission, activities and achievement in Zambia. This institution is today a vital pillar to the country’s economy and prospects that this presents for the Authority are extensive not only in the development of the industry but also maintaining a robust regulatory framework.
{"title":"Social Development and Security","authors":"Michael Mulenga Chiti","doi":"10.4236/ojbm.2021.95144","DOIUrl":"https://doi.org/10.4236/ojbm.2021.95144","url":null,"abstract":"This paper is a study of the Pensions and Insurance \u0000Authority (PIA), its regulatory framework, mission, activities and achievement \u0000in Zambia. This institution is today a vital pillar to the country’s economy \u0000and prospects that this presents for the Authority are extensive not only in the development of the industry but also \u0000maintaining a robust regulatory framework.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125770767","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}
Based on the composite perspective of product, consumer cognition and consumer emotion, this paper establishes a research model of consumer purchase behavior of agricultural products traceability information. Through the questionnaire survey of urban consumers in a city, the correlation analysis and regression analysis are used to calculate the influence coefficient of various kinds of traceability information on consumer purchase behavior. This paper empirically analyzes consumers’ preference for traceability information of fresh agricultural products. The results show that: the group of online purchase of traceable fresh agricultural products is mainly young women aged 26 - 35; most of them have higher education level and stable income level. Traceability information, food safety, product display, shopping experience, safety value, information value and economic value of fresh agricultural products have significant positive effects on customers’ purchasing behavior. Finally, it is proposed that enterprises should improve the traceability information of fresh agricultural products according to the needs of customers, so as to avoid the high cost caused by the pursuit of too much traceability information.
{"title":"Research on the Influence of Traceability Information of Fresh Agricultural Products on Consumers’ Purchasing Behavior","authors":"Mengjun Yu, Xiuxia Yan, Jikai Wang","doi":"10.4236/ojbm.2021.95128","DOIUrl":"https://doi.org/10.4236/ojbm.2021.95128","url":null,"abstract":"Based on the composite perspective of product, consumer cognition and \u0000consumer emotion, this paper establishes a research model of consumer purchase \u0000behavior of agricultural products traceability information. Through the \u0000questionnaire survey of urban consumers in a city, the correlation analysis and \u0000regression analysis are used to calculate the influence coefficient of various \u0000kinds of traceability information on consumer purchase behavior. This \u0000paper empirically analyzes consumers’ preference for traceability information of fresh agricultural products. The results show \u0000that: the group of online purchase of traceable fresh agricultural \u0000products is mainly young women aged 26 - 35; most of them have higher education level and stable income level. Traceability information, food safety, product \u0000display, shopping experience, safety value, information value and \u0000economic value of fresh agricultural products have significant positive effects \u0000on customers’ purchasing behavior. Finally, it is proposed that enterprises \u0000should improve the traceability information of fresh agricultural products \u0000according to the needs of customers, so as to avoid the high cost caused by the \u0000pursuit of too much traceability information.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131950150","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 development of fintech and artificial intelligence, machine learning algorithms are widely used in quantitative investment. Based on the listed companies in China A-share market from February 2005 to July 2020, quantitative stock selection models with machine learning algorithms are established to obtain continuous alpha returns. The results show that machine learning algorithms can effectively identify the relationship between factors and returns and then improve the performance of the quantitative stock selection model. China A-share market is a weak-form efficient market. By mining the factors that are not fully digested by the market, continuous alpha returns can be obtained. The ensemble algorithms represented by the extremely randomized tree (ET) and light gradient boosting machine (LGBM) perform best in stock market prediction.
{"title":"Can Machine Learning Unlock the Continuous Alpha? Empirical Study Based on China A-Share Market","authors":"Ya Lin, Rendao Ye","doi":"10.4236/ojbm.2021.95127","DOIUrl":"https://doi.org/10.4236/ojbm.2021.95127","url":null,"abstract":"With the development of fintech and artificial intelligence, machine \u0000learning algorithms are widely used in quantitative investment. Based on the \u0000listed companies in China A-share market from February 2005 to July 2020, \u0000quantitative stock selection models with machine learning algorithms are \u0000established to obtain continuous alpha returns. The results show that machine \u0000learning algorithms can effectively identify the relationship between factors \u0000and returns and then improve the performance of the quantitative stock \u0000selection model. China A-share market is a weak-form efficient market. By \u0000mining the factors that are not fully digested by the market, continuous alpha \u0000returns can be obtained. The ensemble algorithms represented by the extremely \u0000randomized tree (ET) and light gradient boosting machine (LGBM) perform best in \u0000stock market prediction.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133371978","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 global COVID-19 outbreak at the beginning of 2020 has had a great impact on many global industrial chains, and triggered a systematic risk of chain breakage. By studying the actual supply chain strategy and the change trend of supply chain strategy in representative countries and enterprises, this research predicts the short-term, medium-term and long-term impact of COVID-19 epidemic on global supply chain. Among them, the short-term and medium-term impacts include encouraging enterprises to improve the flexibility of supply chain by constructing supply chain digital platform, supply chain diversification system and supply chain early warning system; in the medium and long term, the global supply chain layout will change from globalization to regionalization, and some high-end manufacturing industries will have a backflow trend. Our government needs to establish an early warning system of industrial supply chain security as soon as possible in the short term, promote the industrial Internet platform in the short and medium term, continuously support the healthy and efficient development of the supply chain, and adjust the industrial layout in the medium and long term to cope with the global supply chain adjustment.
{"title":"Influence of COVID-19 Epidemic on China and Global Supply Chain and Policy Suggestions","authors":"Jun Zhan, Siyu Lu","doi":"10.4236/ojbm.2021.95136","DOIUrl":"https://doi.org/10.4236/ojbm.2021.95136","url":null,"abstract":"The global COVID-19 outbreak at the beginning of 2020 has had a great \u0000impact on many global industrial chains, and triggered a systematic risk of \u0000chain breakage. By studying the actual supply chain strategy and the change \u0000trend of supply chain strategy in representative countries and enterprises, \u0000this research predicts the short-term, medium-term and long-term impact of COVID-19 epidemic on global supply chain. Among them, the \u0000short-term and medium-term impacts include encouraging enterprises to improve \u0000the flexibility of supply chain by \u0000constructing supply chain digital platform, supply chain diversification \u0000system and supply chain early warning system; in the medium and long term, the \u0000global supply chain layout will change from globalization to regionalization, \u0000and some high-end manufacturing industries will \u0000have a backflow trend. Our government needs to establish an early warning system of industrial supply chain security as soon as possible in the short \u0000term, promote the industrial Internet platform in the short and medium term, \u0000continuously support the healthy and efficient development of the supply chain, \u0000and adjust the industrial layout in the medium and long term to cope with the \u0000global supply chain adjustment.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130357678","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 theory of labor supply consists of two major theories: neoclassical theory and reference dependence theory. However, the theories are both interoperable and contradictory. Through the literature review of the development of labor supply theories and combined with the study on current development status of China’s taxi industry, this paper made a study on the elasticity of labor supply of Chinese taxi drivers. The theories and models of labor supply are sorted out and analyzed by taking the Chinese taxi industry as an example to be the basis for a further empirical research.
{"title":"A Study on the Elasticity of Labor Supply of Chinese Taxi Drivers","authors":"Yu-chen Tu","doi":"10.4236/ojbm.2021.95111","DOIUrl":"https://doi.org/10.4236/ojbm.2021.95111","url":null,"abstract":"The theory of labor supply consists of two major theories: neoclassical \u0000theory and reference dependence theory. However, the theories are both \u0000interoperable and contradictory. Through the literature review of the \u0000development of labor supply theories and combined with the study on current development status of \u0000China’s taxi industry, this paper made a study on the elasticity of labor \u0000supply of Chinese taxi drivers. The theories and models of labor supply are \u0000sorted out and analyzed by taking the Chinese taxi industry as an example to be \u0000the basis for a further empirical research.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132247025","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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