Implementing the dual carbon development strategy is a responsibility and task that state-owned enterprises must undertake. Research has found effective financial budgets, which can drive innovative development and promote green development. This article takes the commercial logistics distribution of cigarettes as the research object and proposes a distribution budget model based on quadratic moving average combined with least squares method. By collecting historical data, a quadratic moving average distribution mileage prediction model is established. Based on the distribution mileage, the fuel consumption is calculated using the least squares method, and then combined with the average fuel price, the fuel cost is scientifically and rigorously predicted to make accurate and effective budgets.
{"title":"Fuel Budget for Tobacco Logistics Distribution Based on MA -Least Squares Method","authors":"Xuefeng Peng, Bin Chen*, Shi He","doi":"10.22158/ibes.v6n4p196","DOIUrl":"https://doi.org/10.22158/ibes.v6n4p196","url":null,"abstract":"Implementing the dual carbon development strategy is a responsibility and task that state-owned enterprises must undertake. Research has found effective financial budgets, which can drive innovative development and promote green development. This article takes the commercial logistics distribution of cigarettes as the research object and proposes a distribution budget model based on quadratic moving average combined with least squares method. By collecting historical data, a quadratic moving average distribution mileage prediction model is established. Based on the distribution mileage, the fuel consumption is calculated using the least squares method, and then combined with the average fuel price, the fuel cost is scientifically and rigorously predicted to make accurate and effective budgets.","PeriodicalId":504548,"journal":{"name":"International Business & Economics Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141929289","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 recent years, the Central Economic Work Conference has continuously emphasized the importance of supply-side structural reform, effectively resolving the local debt crisis to alleviate China's economic development and promote the sustainable development of China's economy. Under the influence of the new crown epidemic, listed private enterprises are facing a huge debt crisis, which has led to the continuous growth of local debt, so effectively resolving the debt crisis of listed private enterprises will be conducive to the healthy development of China's economy. This paper identifies and analyzes the debt crisis of listed private enterprises from the aspects of macroeconomic environment, industry competition background and enterprise operating ability, and proposes a synergistic approach from the government, creditors and enterprises themselves to resolve their debt crises and achieve sustainable development of enterprises.
{"title":"Research on Debt Crisis Identification and Collaborative Resolution Mechanism of Listed Private Enterprises","authors":"Di Huang, Yi Yi, Fengnian Zhu","doi":"10.22158/ibes.v6n4p122","DOIUrl":"https://doi.org/10.22158/ibes.v6n4p122","url":null,"abstract":"In recent years, the Central Economic Work Conference has continuously emphasized the importance of supply-side structural reform, effectively resolving the local debt crisis to alleviate China's economic development and promote the sustainable development of China's economy. Under the influence of the new crown epidemic, listed private enterprises are facing a huge debt crisis, which has led to the continuous growth of local debt, so effectively resolving the debt crisis of listed private enterprises will be conducive to the healthy development of China's economy. This paper identifies and analyzes the debt crisis of listed private enterprises from the aspects of macroeconomic environment, industry competition background and enterprise operating ability, and proposes a synergistic approach from the government, creditors and enterprises themselves to resolve their debt crises and achieve sustainable development of enterprises.","PeriodicalId":504548,"journal":{"name":"International Business & Economics Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141798550","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 explores the relationship between corporate financial transparency and audit quality. By analyzing financial reports and audit outcomes from multiple industries' publicly traded companies, the study reveals that companies with higher financial transparency typically have higher quality audits. Employing quantitative analysis methods, the paper validates how financial transparency acts as a catalyst for enhancing audit quality, providing empirical evidence for business management and policy makers.
{"title":"The Impact of Corporate Financial Transparency on Audit Quality","authors":"Yubo Li","doi":"10.22158/ibes.v6n4p109","DOIUrl":"https://doi.org/10.22158/ibes.v6n4p109","url":null,"abstract":"This paper explores the relationship between corporate financial transparency and audit quality. By analyzing financial reports and audit outcomes from multiple industries' publicly traded companies, the study reveals that companies with higher financial transparency typically have higher quality audits. Employing quantitative analysis methods, the paper validates how financial transparency acts as a catalyst for enhancing audit quality, providing empirical evidence for business management and policy makers.","PeriodicalId":504548,"journal":{"name":"International Business & Economics Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141818940","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}
When a firm makes an initial public offering (IPO) and qualifies for listing, it negotiates and determines a price with its underwriters for the public sale of its shares to specific or non-specific investors. This paper elaborates the theory of IPO price suppression through literature review and analysis, and also summarizes the IPO pricing mechanism. It helps to provide guidelines for the study of IPO pricing in China under the registration system environment and assists the regulators to further improve the relevant regulations.
{"title":"IPO Pricing Theory and Mechanism under the Registration System","authors":"Wenjie Yin","doi":"10.22158/ibes.v6n4p95","DOIUrl":"https://doi.org/10.22158/ibes.v6n4p95","url":null,"abstract":"When a firm makes an initial public offering (IPO) and qualifies for listing, it negotiates and determines a price with its underwriters for the public sale of its shares to specific or non-specific investors. This paper elaborates the theory of IPO price suppression through literature review and analysis, and also summarizes the IPO pricing mechanism. It helps to provide guidelines for the study of IPO pricing in China under the registration system environment and assists the regulators to further improve the relevant regulations.","PeriodicalId":504548,"journal":{"name":"International Business & Economics Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141833493","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 digital technologies, customer-oriented strategies have become a key driver for value co-creation in the tourism sector. This paper examines the applications of digital tools such as social media, mobile applications, and virtual reality in the tourism industry, exploring how these technologies enhance customer engagement and personalized experiences, thereby increasing customer satisfaction and business revenue. The study finds that by effectively leveraging these digital tools, tourism enterprises can better understand customer needs and achieve greater flexibility and responsiveness in service delivery, promoting overall value co-creation in the tourism industry. Additionally, the paper discusses the long-term impact of digital customer orientation on the sustainable development of the tourism industry and how enterprises can strategically integrate these technologies to optimize customer experiences and enhance competitiveness.
{"title":"Research on the Impact of Digital Customer Orientation on Value Co-creation in the Tourism Industry","authors":"Haoan Zhang, Yanping Ren","doi":"10.22158/ibes.v6n3p90","DOIUrl":"https://doi.org/10.22158/ibes.v6n3p90","url":null,"abstract":"With the rapid development of digital technologies, customer-oriented strategies have become a key driver for value co-creation in the tourism sector. This paper examines the applications of digital tools such as social media, mobile applications, and virtual reality in the tourism industry, exploring how these technologies enhance customer engagement and personalized experiences, thereby increasing customer satisfaction and business revenue. The study finds that by effectively leveraging these digital tools, tourism enterprises can better understand customer needs and achieve greater flexibility and responsiveness in service delivery, promoting overall value co-creation in the tourism industry. Additionally, the paper discusses the long-term impact of digital customer orientation on the sustainable development of the tourism industry and how enterprises can strategically integrate these technologies to optimize customer experiences and enhance competitiveness.","PeriodicalId":504548,"journal":{"name":"International Business & Economics Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141367480","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}
From the perspective of collaborative governance, it is found that volunteers have become an indispensable force in the process of responding to disasters. However, due to the late start but rapid development of emergency volunteer service in China, the current emergency management system lacks a coordination mechanism to ensure the orderly participation of emergency volunteers in disaster rescue, and there are problems such as the lack of the concept of polycentric governance, the disorder of self-organized behavior, the lack of coordination within the system, the excessive emphasis on the gratuitous nature of public welfare, and the lag in the construction of laws and regulations.
{"title":"The Analysis on the Construction Direction of the Coordinated Action System of Natural Disaster Volunteers in China","authors":"Huizhong Jiang","doi":"10.22158/ibes.v6n3p52","DOIUrl":"https://doi.org/10.22158/ibes.v6n3p52","url":null,"abstract":"From the perspective of collaborative governance, it is found that volunteers have become an indispensable force in the process of responding to disasters. However, due to the late start but rapid development of emergency volunteer service in China, the current emergency management system lacks a coordination mechanism to ensure the orderly participation of emergency volunteers in disaster rescue, and there are problems such as the lack of the concept of polycentric governance, the disorder of self-organized behavior, the lack of coordination within the system, the excessive emphasis on the gratuitous nature of public welfare, and the lag in the construction of laws and regulations.","PeriodicalId":504548,"journal":{"name":"International Business & Economics Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140963551","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}
Drawing on China's panel data across 30 provinces between 2011 and 2021, this paper explains the impact of industrial intelligence on the activity of innovation and entrepreneurship from two aspects: baseline regression estimation results and nonlinear effects. In this paper, the installation density of industrial robots is used to measure industrial intelligence, and the threshold regression model and panel fixed effect model are used to study the complex relationship between industrial intelligence and innovation and entrepreneurship at the national, eastern, central, and western levels. It is found that the development of industrial intelligence plays a significant positive role in the improvement of innovation and entrepreneurship activity and presents the characteristics of "Midwest > East"; industrial intelligence has a significant threshold effect on the activity of innovation and entrepreneurship. When the region has a strong talent agglomeration, industrial intelligence has a greater effect on the promotion of innovation and entrepreneurship activity.
{"title":"Research on the Influence of Industrial Intelligence on the Activity of Innovation and Entrepreneurship","authors":"Yue Zhu, Siyu Wang","doi":"10.22158/ibes.v6n3p20","DOIUrl":"https://doi.org/10.22158/ibes.v6n3p20","url":null,"abstract":"Drawing on China's panel data across 30 provinces between 2011 and 2021, this paper explains the impact of industrial intelligence on the activity of innovation and entrepreneurship from two aspects: baseline regression estimation results and nonlinear effects. In this paper, the installation density of industrial robots is used to measure industrial intelligence, and the threshold regression model and panel fixed effect model are used to study the complex relationship between industrial intelligence and innovation and entrepreneurship at the national, eastern, central, and western levels. It is found that the development of industrial intelligence plays a significant positive role in the improvement of innovation and entrepreneurship activity and presents the characteristics of \"Midwest > East\"; industrial intelligence has a significant threshold effect on the activity of innovation and entrepreneurship. When the region has a strong talent agglomeration, industrial intelligence has a greater effect on the promotion of innovation and entrepreneurship activity.","PeriodicalId":504548,"journal":{"name":"International Business & Economics Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141002084","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}
Achieving the objective of "peak carbon dioxide emissions and carbon neutrality" in the new stage of development will require the synergistic effect of pollution reduction and carbon reduction. In the new stage of development, achieving the goal of "peak carbon dioxide emissions and carbon neutrality" will necessitate the synergistic effect of pollution reduction and carbon reduction. This study assesses the degree to which pollution reduction and carbon reduction have a synergistic effect using the coupling coordination model, and uses the fixed effect model, the dynamic panel GMM model, the OLS model and the threshold effect model to examine how green process innovation affects pollutant reduction and carbon reduction synergistically, including direct, heterogeneous, and nonlinear effects. The results show that: firstly, green process innovation has a direct promoting effect on synergistic effect of pollution reduction and carbon reduction; Secondly, due to the differences in the economic development of different regions in China, the impact of green process innovation on the synergistic effect of pollution reduction and carbon reduction is heterogeneous in different regions, and presents a gradient distribution of "east > west > middle". Finally, there is a threshold effect in the impact of green process innovation on regional synergistic effect of pollution reduction and carbon reduction. This paper provides some reference value for promoting green process innovation and enhancing the collaborative impact of mitigating pollution and decreasing carbon emissions.
{"title":"Research on Green Process Innovation Enabling the Synergistic Effect of Pollution Reduction and Carbon Reduction","authors":"Hongshuang Wu, Wenyi Liu","doi":"10.22158/ibes.v6n3p1","DOIUrl":"https://doi.org/10.22158/ibes.v6n3p1","url":null,"abstract":"Achieving the objective of \"peak carbon dioxide emissions and carbon neutrality\" in the new stage of development will require the synergistic effect of pollution reduction and carbon reduction. In the new stage of development, achieving the goal of \"peak carbon dioxide emissions and carbon neutrality\" will necessitate the synergistic effect of pollution reduction and carbon reduction. This study assesses the degree to which pollution reduction and carbon reduction have a synergistic effect using the coupling coordination model, and uses the fixed effect model, the dynamic panel GMM model, the OLS model and the threshold effect model to examine how green process innovation affects pollutant reduction and carbon reduction synergistically, including direct, heterogeneous, and nonlinear effects. The results show that: firstly, green process innovation has a direct promoting effect on synergistic effect of pollution reduction and carbon reduction; Secondly, due to the differences in the economic development of different regions in China, the impact of green process innovation on the synergistic effect of pollution reduction and carbon reduction is heterogeneous in different regions, and presents a gradient distribution of \"east > west > middle\". Finally, there is a threshold effect in the impact of green process innovation on regional synergistic effect of pollution reduction and carbon reduction. This paper provides some reference value for promoting green process innovation and enhancing the collaborative impact of mitigating pollution and decreasing carbon emissions.","PeriodicalId":504548,"journal":{"name":"International Business & Economics Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141005356","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}
*ST Mall, a publicly listed company that has gone through multiple development stages, is currently facing severe financial difficulties and industry challenges. Through financial data analysis, it was found that *ST Mall is dealing with issues such as high debts, tight cash flow, and declining profitability. Especially in the recession stage, the financial condition of *ST Mall continues to deteriorate, leading to a significant drop in stock prices. In addition, they are also facing challenges like high market saturation and severe customer loss. The financial events of 2021 have had a profound impact on the company, bringing new financial risks and challenges. To address the current difficulties, the mall urgently needs to take measures to reduce financial risks, improve operational efficiency, closely monitor industry trends, and ensure that the company can effectively deal with future challenges.
{"title":"Exploration of the *ST Mall Acquisition Event Based on the Theory of Corporate Life Cycle","authors":"Jingwei Liu","doi":"10.22158/ibes.v6n2p100","DOIUrl":"https://doi.org/10.22158/ibes.v6n2p100","url":null,"abstract":"*ST Mall, a publicly listed company that has gone through multiple development stages, is currently facing severe financial difficulties and industry challenges. Through financial data analysis, it was found that *ST Mall is dealing with issues such as high debts, tight cash flow, and declining profitability. Especially in the recession stage, the financial condition of *ST Mall continues to deteriorate, leading to a significant drop in stock prices. In addition, they are also facing challenges like high market saturation and severe customer loss. The financial events of 2021 have had a profound impact on the company, bringing new financial risks and challenges. To address the current difficulties, the mall urgently needs to take measures to reduce financial risks, improve operational efficiency, closely monitor industry trends, and ensure that the company can effectively deal with future challenges.","PeriodicalId":504548,"journal":{"name":"International Business & Economics Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140358908","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}
Taking China’s Shanghai and Shenzhen A-share listed companies from 2007 to 2020 as samples, this paper studies the influence of government background key customers on the financialization of real enterprises. The research finds that the government background big customers reduce the degree of financialization of real enterprises; The heterogeneity test found that, compared with state-owned enterprises, the inhibition effect of big customers with government background on the financialization of real enterprises was more significant in non-state-owned enterprises and industries with fierce competition; The mechanism test found that the government background large customers suppressed the financialization of real enterprises by easing the financing constraints and improving the net profit level. Research shows that the government, as a major customer of enterprises, is an important means to give play to the visible hand of the government, which can effectively reduce the level of financialization of real enterprises and promote high-quality economic development, and can be an important starting point for the country to prevent systemic financial risks.
{"title":"Study on the Influence of Government Key Customers on the Enterprise “from Real to Virtual”","authors":"Jiawei Xu","doi":"10.22158/ibes.v6n2p66","DOIUrl":"https://doi.org/10.22158/ibes.v6n2p66","url":null,"abstract":"Taking China’s Shanghai and Shenzhen A-share listed companies from 2007 to 2020 as samples, this paper studies the influence of government background key customers on the financialization of real enterprises. The research finds that the government background big customers reduce the degree of financialization of real enterprises; The heterogeneity test found that, compared with state-owned enterprises, the inhibition effect of big customers with government background on the financialization of real enterprises was more significant in non-state-owned enterprises and industries with fierce competition; The mechanism test found that the government background large customers suppressed the financialization of real enterprises by easing the financing constraints and improving the net profit level. Research shows that the government, as a major customer of enterprises, is an important means to give play to the visible hand of the government, which can effectively reduce the level of financialization of real enterprises and promote high-quality economic development, and can be an important starting point for the country to prevent systemic financial risks.","PeriodicalId":504548,"journal":{"name":"International Business & Economics Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140375592","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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