bluuebunny/crossref_metadata_2025 huggingface dataset:
A Holistic Introduction of Goal Framing
Authors: Gu Ruola
Published: September 2023

Framing and life are strongly intertwined, in the framing effect, various ways of expressing messages have different outcomes. Goal framing, a more complex variant of framing effects, will be investigated in the study. Additionally, three distinct categories of goal framinghedonic, gain, and normative goal framingwill be introduced in the essay. Currently, Psychological Reactance Theory and Prospect Theory, Dual-process theory, and the Regulatory Focus Theory are most frequently used by researchers to explain the psychological mechanism underlying the goal framing effect. Moreover, the article also includes additional information about goal framing and its applicability to environmental and medical testing. The goal framing effect, however, has several restrictions like influencing by the authority of the information source emotion and so forth. The experimenter can investigate additional controlling factors, like environment and personality, to increase the effectiveness of goal framing and then attempt to lessen or even eliminate the impact of these external factors.
The Application of Endowment Bias in the Field of Investment
Authors: Pan Yutong
Published: September 2023

In recent years, people who research finance are paying crucial attention in behavioral finance. Behavioral Finance explains that indicidual always believe in traditions, rather than take actions and decisions rationally. Researchers have described and discussed many psychological biases in detail in their literatures of behavioral finance, and the endowment effect is one of them. By means of case analysis, this paper conducts an in-depth study on the application of endowment bias in the field of investment through the psychological behavior research of mutual fund investors and a study of biases affecting investor behavior in India, and draws three conclusions: First of all, behavioral bias plays an important role in investment decisions. Whats more, the investor becomes emotionally attached to the entity he owns, which becomes more valuable to him when it comes to selling. Finally, an investos decision is a combination of a persons psychological decision and financial decision. By understanding these conclusions, investors can invest more rationally and create greater benefits for themselves.
Current Status and Deficiencies of China's Anti-takeover Laws
Authors: Li Hongyi
Published: September 2023

From reform and opening up to the current "One Belt, One Road" policy, more and more countries have started trading with China. Transactions between multinational and Chinese companies are becoming more frequent and complex, it is particularly important to control the business practices of large foreign companies in China and prevent hostile takeovers, given the coexistence of crises and interests. Anti-takeover measures and anti-takeover laws are now the main effective means of dealing with hostile takeovers worldwide. Currently, for China, which is in the process of telling development, it is very necessary to formulate anti-takeover laws and regulations in the context of frequent and complex eco-nomic activities. This article focuses on the existing domestic anti-takeover laws and regulations using the method of legal regulation analysis. It was found that the main rea-son for this is that China is at an early stage of development and has not given much attention to anti-takeover issues in the early stages. In light of this, China must add clear legal provisions to regulate anti-takeover, focus on the comprehensive combination of anti-takeover measures and anti-takeover laws, and establish relevant regulatory bodies to address the problems caused by existing legal loopholes.
Legal Dilemmas in the Regulation of Mergers and Acquisitions of Chinese Multinational Corporations in the Context of Comparative Law and its Response
Authors: Xu Lingxiao
Published: September 2023

The global economy is in a sustained recession due to the impact of the new epidemic. As one of the few economies 'bucking the trend', Chinese companies have been presented with new opportunities to invest and merge overseas. However, decades after the 'going out' strategy was implemented, China still suffers from over-regulation, lack of regulations and inadequate protection for its cross-border Mergers and Acquisitions companies, resulting in frequent failures. How to address the risks of overseas Mergers and Acquisitions by Chinese companies from a national perspective is an urgent issue. This paper compares Chinese Mergers and Acquisitions regulations with those of other countries and examines the problems, causes, advantages of other countries and solutions for China. It is concluded that "imperfect legal norms", "restrictions between China and other countries" and "lack of fluent legal information on enterprises" are the factors that lead to the problems. The reason for this is that China is an emerging market economy that lacks the time to accumulate experience and improve. Through this analysis, recommendations are made to the Chinese government to improve regulations, taxes and remedies.
Research on the Current Situation and Policy Optimization of Smart Home-Based Care Model: Take Yunhe District as an Example
Authors: Du Chengze , Jiang Wenting , Wu Weijia , Yao Siyu
Published: September 2023

At the beginning of the 21st century, with the deepening the increasing degree of aging, it has become a major problem to solve the problem of solving the elderly to support and rely on. The research topic of this paper is the current situation and policy optimization of the home-based care model in Cangzhou city. This paper mainly uses the method of case analysis to analyze and study the home-based care service model of Cangzhou Yunhe District, and master the home-based care status of Cangzhou Yunhe District through a questionnaire survey. The study found that Yunhe District of Cangzhou city actively promotes home-based care services and provides professional services for the elderly, but it is still in the early stage of development, and there are problems such as pension care policies and the mismatch of resource allocation. Therefore, it is necessary to promote home-based care as a whole, meet heterogeneous social needs, and promote the development of home-based care services in Yunhe District, Cangzhou City.
Analysis of Marketing Strategies Based on Different Product Characteristics
Authors: Song Mozhu
Published: September 2023

The mass market now offers a wide range of products with similar characteristics for consumers to choose from, so how to attract their attention through marketing. It is worth looking into this. This paper mainly studies how different companies in the same category carry out corresponding marketing according to their own conditions. This article takes Estee Lauder and a minority brand in China as examples. The research methods used in this paper are The Four Ps of Marketing and literature review. The result shows that for some skincare products that are already branded, the company needs to hire some influential people to be the spokesperson for the skincare line. This is not only because of the celebrity effect but also because the public trusts the brand. Likewise, for products that are not very well known, they will focus their marketing on the daily advertisements of bloggers on some self-publishing platforms. This will make it easier for a wider group of people to learn about the product rather than just targeting a fixed population segment.
Using Markovitz Model to Analyze Covid-19s Impact on Portfolio
Authors: Jiang Yaqiao
Published: September 2023

In 2020, an unexpected pandemic struck the whole world. Covid 19 had a huge influence on the financial market, yet how it affected the performance of portfolios hasnt been systematically studied. In this paper, the Markovitz Model is utilized to study the portfolio performance before and after the covid 19. A recent 3 years of historical daily total return data for ten stocks are downloaded from Yahoo finance, which later are aggregated to the monthly observations. Then, based on the monthly observations, all proper optimization inputs for the full Markowitz Model are calculated. After that, minimal variance and max Sharpe are found under 5 cases of the additional constraints, and the regions of permissible portfolios are drawn. The results are presented in both tabular and graphical forms and the inferences and comparisons are made. It turns outs that the pandemic did jeopardize the stock market, with the return of the portfolio decreasing and risk increasing. The flight ban could be the reason for the poor performance of the portfolio. Fortunately, the low ebb was temporary. A well-diversified investment can offset the negative impact caused by covid 19.
Analysis of the Advantages and Disadvantages of People Wearing Masks in COVID-19 Pandemic: A Game-theoretic Approach
Authors: Zhang Yonglin
Published: September 2023

In recent years, a global health shock, Covid-19, has exerted a huge negative impact. Exhibited a high rate of infection and mortality, this pandemic caused tremendous losses in various fields. After studying how virus spread, people find that wearing masks can effectively reduce the probability of infection. However, there are still number of people struggling whether to wear masks or not. In the current paper, based on the probability of infection we construct two matrix models, one for standard players and one for players who have been recovered form Covid-19, to analysis the expected payoff of to being a mask wearer or non-mask wearer. Comparing the expected payoff as number of people increasing in the model, we find a critical point that people are indifferent of wearing masks and not wearing masks and name it as indifferent ratio. According to the results of the model and corresponding analysis, governments are suggested to enforce policies such as wearing masks in public and enable certain social distance. For people who have been recovered from Covid-19, they can choose not to masks in places where few people around them.
MOUTAI Stock Price Prediction Based on ARIMA Model
Authors: Duan Shuo
Published: September 2023

Autoregressive Integrated Moving Average (ARIMA) models are effectively utilized in time series analysis and forecasts. With the focus on MOUTAI, one of the brands in liquor industry that has absorbed great public interest and wide acceptance, this paper studies the pattern of the closing price of MOUTAI stock, fits the data using ARIMA model, and eventually forecasts over the future horizon. Based on daily closing price of the specific stock, a few transformations of the data are carried out, making the fitting process of ARIMA model more accurate. The best-fit ARIMA model is studied and the forecast re-sults are analyzed. According to the increasing trend throughout the interval studied and the unforeseen peak at the beginning of 2021, the causation is discussed: the consumer trend. That is, people are inclined to consume more liquor products during mood swings, which is likely to happen during lock downs and the deteriorated epidemic worldwide. This study provides more insights to the potential investors and buyers of MOUTAI stock and products, and furthermore the liquor industry, giving an overview of the patterns shown in the stocks closing price and the causation of the forecast results.
Research on the Impact of Eurozone Monetary Policy on EU Economic Growth
Authors: Liu Siyuan
Published: September 2023

The Greek government-debt crisis is a representative topic that shows the inflexibility of the monetary policy of the ECB and how it can harm the Greek economy in considering different economic conditions. The inflexibility of monetary policy shows the disadvantages of a one-fits-all solution carried out by the ECB in EU 27 and EU15. This study aims to analyze the impact of eurozone monetary policy on its member states and to what extent the inflexibility of monetary policy can be detrimental to a states economic growth and price stability. The empirical test and case study are carried out for further analysis, and the results indicate the important role of inflexible monetary policy in the case of the Greek government-debt crisis and its further impact on the steady economic growth of Germany. The ECBs monetary policy is revealed to be volatile and uncertain, which brought undesirable economic growth outcomes for the Eurozone. However, considering the complexity of integrated monetary union and the previous case of Greece, exiting the Eurozone is not the best solution to recover economic growth.
Analysis of the Impact of Russia-Ukraine Conflict on World Crude Oil and Gold Price
Authors: Liu Bohao
Published: September 2023

The problem studied in this thesis is based on the volatility of the world economy as well as commodity prices exacerbated by geopolitical risks in the global economy due to the Russian-Ukrainian conflict. In the context of NATO's eastward expansion, tensions between Russia and Ukraine have been increasing, and an armed conflict broke out in February 2022. Russia and Ukraine are closely linked to the world economy, and their relations with a number of countries have been strained by the conflict, which has significantly changed the situation in the world and in some regions. Based on these international events and facts, this paper uses literature reading and analysis to discuss and explain the reasons for the changes in crude oil and gold prices and their impact on the international economy, especially on some European countries that import crude oil from Russia. It can be concluded that the Russian-Ukrainian conflict has multiple factors affecting the world price of crude oil, but the end result has led to its rise, which in turn has led to a rise in the price of gold as well.
Universal Basic Income: The Foreseeable Future of Social Welfare Systems in the Post-Pandemic Era
Authors: Yang Haoni
Published: September 2023

The unconditional and regular payment of a certain amount of cash income to the entire population is a claim to universal basic income and a system that is distinct from the existing social welfare systems. Policy experiments on universal basic income have been going on since the end of the 20th century and have been seen by some scholars as a solution to major social problems such as technological development, economic downturn, and poverty. Especially under the impact of the 2020 pandemic, the world's development is once again hampered, and how to better solve the problems of low-income people is an important issue to be addressed by the social welfare system. It is worth noting that the policies introduced by governments under the pandemic have some degree of universal basic income characteristics. This article will analyze the merits and importance of universal basic income in the context of the welfare policies introduced by governments under the pandemic. Considering the economic difficulties in the post-pandemic era, it is worthwhile for countries to explore universal basic income as a basis for new social welfare systems, despite the potential difficulties in implementation.
Anchoring Effect in Chinas Real Estate Market
Authors: Chen Siyu , Wang Wenhao , Zhong Luhong
Published: September 2023

Since the reform and opening up, China's real estate industry has prospered rapidly and has become an important force driving rapid economic growth and promoting urbanization. In recent years, China's real estate industry has entered an inflection point of development, and real estate bubbles and cyclical sharp fluctuations in the real estate market have occurred from time to time. Behavioral finance has provided a new research direction for how to explain this fluctuation. Based on this, this essay uses the classic anchoring effect theory in behavioral finance theory to study the existence and characteristics of anchoring effect in China's real estate market from the micro level, and explains the entire mechanism through three applications. The first application empirically tested the existence of the anchoring effect in China's real estate market, and analyzed the difference between the anchoring effect in the eastern and western regions of China. It verified that the decision of housing prices in the central region was affected by the anchoring effect of the micro subject, while the anchoring effect in the eastern and western regions was not significant. The second application analyzed Hong Kong's secondary residential market, and a statistical model including anchoring effects was also presented in order to study the dynamics of house prices. The third application provides an improved Hedonic model, which combines various literature data to study the influence of age, growth area and other characteristics of home buyers on real estate prices under the anchoring effect.
The Value and Usage of Augmented Reality in Digital Marketing to Improve Consumer Satisfaction and Help with Consumer Decisions in the Tourism Industry
Authors: Tsao Ting-Yu
Published: September 2023

Augmented reality (AR) is increasingly utilized in the tourism industry as a medium for marketing, information, and experience. Only a limited number and areas have em-braced this innovative technology. This paper summarizes the current applications of Augmented Reality and speculates on future applications and where current usage of aug-mented Reality can be applied in the tourism industry. The paper's main purpose is to ana-lyze the value and usage of AR's qualities and potential as a business tool used in advertis-ing and marketing for the tourism industry to increase consumer satisfaction.
Personality Test Effect on Marketing in Digital Era: The Case of MBTI
Authors: Zhu Zhanwen
Published: September 2023

Personality test such as MBTI (Myers-Briggs Type Indicator) has started to become a viral topic lately that have brought up the trend of personality test worldwide. At the same time, it also has the assignable influence on the aspect of marketing especially in this digital era. This article describes how to evaluate the skyrocketing of the popularity of MBTI test by researching and analyzing the key word for the on Google trend. Also, this article also utilizes the comparing method of each personality to emphasize the importance of this trending in the perspectives of marketing in this digital era. Furthermore, this article illustrates the underlying reasons of this trending impact marketing by referring other theories such as the Barnum Effect. Finally, this article concludes that besides the idea that personality tests such as MBTI can increase the effectiveness and efficiency of marketing by allowing marketers gain better understanding about their targeted customers, they can also utilize this concept by creating the viral and trending topics which open a new market with their derivative products or even the memes that could be prevalent nowadays, especially while those younger generation socializing with each other. The significance of this study is to not only explain this personality test concept, but also to demonstrate how marketers can utilize it so that enable them to improve the effectiveness and efficiency of segmentation. In addition, this article also reveals the idea that how peoples daily life is being affect by the label of different personalities unconsciously.
An Analysis of Disneys Revenue during the COVID-19 Pandemic
Authors: Xiang Yang
Published: September 2023

The COVID-19 pandemic, ever since its outbreak in 2019, has been greatly affecting all aspects of life, and businesses across the world have been hurt as a result of the pandemic and measures taken to prevent it. While Walt Disney Co. has also experienced a decline in profit in years 2020 and 2021, its revenue fluctuates only within 7%, indicating a sign of the success and sustainability of Disneys business model. This paper will focus primarily on Disneys two business segments: the Disney Parks, Experiences and Product (DPEP) segment, and the Disney Media and Entertainment Distribution (DMED) segment. The analysis of revenue generated by these two segments will show how the combination of the two segments manages to keep Disney sustainable, as the decrease in revenue in one will be offset by an increase in another. Moreover, the combination of the two and Disneys reserve of countless well-known intellectual properties will prove the strength in its business model, as it successfully overcame emergencies such as the COVID-19 pandemic.
Could Auto Renew Help Online Video Platforms? Taking iQIYI As an Example
Authors: Zhao Ziqian
Published: September 2023

There has been a long controversy about the rationality of auto renewing. Customers are observed having hostility against this mechanism, while companies take it as key to fortune. This paper attempts to study the impact of car updates on online video platforms from the perspective of car updates. It is worth discovering that how much auto renew exactly affects the business and why people do not like it. In this paper, the object of study is iQIYI corporation and connection between number of subscribers and auto renewing would be observed and analyzed though its financial reports over years as well as source from Internet. To stand on the position of users, news and social articles are also cited. It is proved that auto renew help companies increase and remain their subscribers. The overuse of auto renewing could be the main reason why users boycott it. Possible developments under the impact of Covid-19 are also discussed.
Different portfolio performance based on momentum strategy, market neutral strategy and PEG ratio in volatile market
Authors: Weng Sijie
Published: September 2023

This paper aims to analyze the return of the investment portfolio based on the judgment of the current market, combining the characteristics of the strategy and the situation of the applicable industry. At present, many research papers have an aperture in understanding and practical application of the above topics, because they have not been comprehensively presented from multiple perspectives such as market and industry conditions and strategic characteristics. Momentum strategy, market neutral strategy and PEG ratio are selected here, combined with representative stocks in the consumer industry, energy industry, Internet and real estate for portfolio construction. By selecting the S&P 500 as a benchmark, it is compared with the historical price trend of individual stocks and the performance of the issuing company. While individual stock prices fluctuate significantly more than the benchmark, it is still possible to judge from the price action which strategy is more suitable. Based on the above analysis, it can be intuitively seen that momentum strategies and market neutral strategies are more suitable for the moment. It has reference value for strategy selection and construction in volatile markets. The analysis of the PEG ratio is relatively simple, and the ratio is only used as the adjustment and correction of the price-earnings ratio, and there are still many defects.
Does Covid-19 Change the Effect of Competition on Price Discrimination in U.S. Airline Industry?
Authors: Qian Shihan
Published: September 2023

This paper seeks to examine the relationship between price discrimination and market competition before and after the outbreak of Covid-19 in the US busiest flight route, from Los Angeles airport, LAX to New York airport, JFK as a representation of the U.S. airline market. Scholars hitherto have long been focused on the effect of market concentration on price dispersion. There are two main conflicting theories that determine the relationship, the monopoly effect, and the branding effect. We analyze the air lane from Los Angeles to New York in two time periods, one from 2018 to 2020, and the other from 2020 to 2022 to see if Covid-19 changes the dominance of one effect over the other. The results of our study show that market competition has a positive effect on price discrimination during the pre-Covid period while revealing a negative effect on price discrimination after the outbreak. We conclude from the results that the branding effect dominates the LAX-JFK market before Covid-19, which means that higher competition increases the capability of a firm to charge different prices for different segments of customers whereas the monopoly effect overturns after the Covid-19 pandemic.
Study of Great Power Dominance of the International Order Behind Veto: Take China as an Example
Authors: Wang Shiwen
Published: September 2023

A resolution to hold the five permanent Security Council members responsible for wielding the veto was passed by the UN General Assembly at its 76th session. Veto power is undoubtedly a vital part of the exercise of the veto power in international affairs at a time when humanity is facing unprecedented change; Moreover, by exercising their veto power in consultation and coordination of international affairs, the major powers are also contributing to the mitigation and stabilization of international affairs, as well as the establishment of a just and rational international order by promoting the development of a multipolar trend. They share a wide range of common interests and responsibilities on many important issues concerning the survival and growth of humanity, such as maintaining world peace and security, combating international drug trafficking and protecting the living environment of refugees, etc. This article will analyze the above aspects while specifically analyzing the role that great powers can play in promoting the multilateral system and contributing to developing countries, taking China as an example. As argued in this paper, the resolution subtly affirms the function of the UN P5, even though it seems to restrict the P5's veto authority. This paper's goal is to investigate the function of the P5 veto from the perspective of both the P5 and third world countries, as well as to discuss what can be done by developing countries to establish themselves as an emerging force after the postwar period when the big powers dominated international affairs.
To What Extent Has Hong Kong's Urbanization Process and Housing Policies Contributed to Its Inability to Provide Sufficient Affordable Housing?
Authors: Yang Heran
Published: September 2023

With a population of 7.5 million and the most unaffordable housing market in the world, Hong Kong is known for its high-density forms of development. Despite the many housing policies introduced by the Hong Kong government and its deep understanding of the importance of solving the housing problem, progress has been slow and even somewhat unsuccessful. The purpose of this paper is to explore the reasons for Hong Kong, China's inability to provide sufficient affordable housing by analyzing its urbanization process and housing policies. The main conclusion reached in the end is that Hong Kong's housing problems are largely a result of its history and urbanization; the biggest flaw in Hong Kong's land development mechanism has led to its lack of land for residential development; and entanglements between vested interests and different groups have hindered the change of the mechanism.
Analysis of the Australian Stock Market: Organization, Players, Challenges, and Opportunities
Authors: Liu Ruoxin
Published: September 2023

The Australian stock market is discussed in this report because of its importance as a financial hub. In Australia, the primary market operator is the Australian Securities Exchange Ltd (ASX), which is increasingly utilizing technology to develop novel approaches to maximizing shareholder value. Several aspects of the Australian stock market and its participants are discussed using the existing literature as a basis for this paper. The report provides context for ASX's technology deployment. Secondly, it draws attention to the ASX's significant participants. The article's third section discusses the opportunities and threats that participants in the Australian stock market face. Problems have arisen in the regulation and operations of the Australian stock market due to recent changes, such as the transfer of regulatory authority to ASIC, the introduction of new rules regarding the disclosure of information regarding securities lending and short sales, and the introduction of novel market integrity rules. Investing in Australia's financial markets makes sense for several reasons, including the country's rapidly growing domestic market, sophisticated corporate infrastructure, pension-friendly government, and highly educated, multilingual workforce.
Free-rider Problems in Eurozone: Inflation, Productivity, and Exchange Rate
Authors: Wang Ya
Published: September 2023

The Eurozone is experiencing historically high inflation. Following the pandemic recession, the Eurozone as a 19-country currency bloc must strike a balance between credibility and economic development. Rather than a bleak economic outlook, the ECB anticipates a brisk post-pandemic recovery. However, the current situation forces the ECB to choose between Euro credibility and economic prospects. This paper begins by explaining how the Eurozone was created using theories about the fixed exchange rate system and currency union. The article then explains the Euro as a public good from the standpoint of a free-rider problem. When there is no distinction between tradeable and non-tradeable sectors, labor mobility and product mobility can address the majority of concerns. However, in the real world, non-tradeable goods and services abound, and the Eurozone must contend with historically high inflation. As a result, the following section introduces the Balassa-Samuelson Effect to examine Eurozone inflation rates.
Analysis of the Investment Value of the Global Capitalization
Authors: Guo Xiaolin
Published: September 2023

Value investing, as the name implies, will take advantage of the ups and downs of the stock market to gain income, and a successful value investor needs to look deeper and longer term. Therefore, when investors choose many stocks, the article usually pay attention to the P/E ratio, PEG valuation, price-to-book valuation, revenue growth rate, and the future development of the Company's industry. Based on the financial data from 2015 to 2021, this paper mainly analyzes four typical companies with global capitalization: HERC HOLDINGS INC (HRI); CUSTOM TRUCK ONE SOURCE INC (CTOS); EURO TECH HOLDINGS CO LTD (CLWT), and INDIA GLOBALIZATION CAPITAL (IGC). Because capital globalization companies are paid less attention to in the field of value investment, their value is vastly underestimated and capital globalization itself is an essential direction of future development, such as in this paper: HRI has excellent profitability and stable stock market among the four capital globalization companies, and has a good development prospect.
Consider the Energy Sector as an Example for the Investment Transformation of the Industry about the Green Finance System
Authors: Chi Yitong
Published: September 2023

The global climate crisis has recently become a critical issue worldwide. Additionally, greenhouse gas emissions from the production of fossil feedstocks are significantly connected with climate change, according to IPCC's AR6 report. Moreover, the most familiar to people is carbon dioxide. The Paris Deal, a second globally enforceable climate agreement following the Kyoto Protocol, was eventually concluded during the 2015 Paris Climate Conference in France. Following the publication of such a policy, several nations worldwide began to enact carbon peaking and carbon neutrality policies, leading local governments to issue regulations for various industries and even businesses. As a result, the investors would undoubtedly alter their investing techniques to increase their profits. The energy and transportation industries were the most impacted of all the industries that would be impacted. In order to reduce carbon emissions, this article will explore how investments in the energy and transportation sectors have changed. This article would use businesses as an example to make it more explicit and understandable.
The Research on the Application of CAPM Model in Chinese Stock Market
Authors: Li Minghui
Published: September 2023

With the improvement of living standards, more and more people tend to use their savings to make stock investment, and how to make good use of precious capital for project investment, industrial support policy of the government how to develop practical, make the flow of resources efficiently has the development potential and competitive enterprise project, which requires us to make accurate judgment and the correct decision. By adopting the method of regression analysis, carries on the empirical analysis of China's securities market sampling, shows that, by using statistical analysis methods, this study can select a relatively appropriate market portfolio yield, improve the accuracy of asset value and asset allocation, which is an effective and analytical obstacle to the use of Capital Asset Pricing Model (CAPM) to the China's capital market. And then put forward some model to analyze the enlightenment of capital and asset pricing for the stock market. The study draws a conclusion that the beta of a stock plays a decisive role in investing. Stocks with different beta values are selected according to different stock market conditions in order to achieve the best expected annualized return.
Application of Segmented Pricing Strategy in Digital Economy
Authors: Yu Qixuan
Published: September 2023

The rapid development of Internet technology in the digital economy era provides conditions for enterprises to adopt a more accurate segmented pricing strategy. Information collection technology will lead enterprises to adopt discriminatory pricing strategies, which may make enterprises lack the power to improve product quality, and more adopt discriminatory pricing to gain competitive advantages and consumer surplus. Based on combing the existing literature, this paper mainly analyzes the application of segmented pricing strategy in enterprises and its impact on consumer surplus in the digital economy era. The analysis results show that enterprises cannot fully obtain consumer surplus through segmented pricing but can more accurately provide customized prices for different groups of customers. The use of segmented pricing by enterprises is conducive to the increase of the overall welfare of consumer groups.
The Impact of Foreign Direct Investment and Urban Economic Efficiency on Environmental Pollution: Evidence from China
Authors: Zhao Zeyuan
Published: September 2023

Foreign direct investment may increase industrial pollution intensity in the host country, which will deteriorate the host countrys environmental conditions; however, foreign direct investment may also enhance the economic efficiency of the host country through competitive effects, imitation effects, talent flows, and the related effects and in other ways. An improvement in economic efficiency indirectly affects the host countrys environment. This article first analyzes the relationships among foreign direct investment, urban economic efficiency and environmental pollution while expanding on the relevant theories. In addition, the study constructs a comprehensive environmental pollution index for 271 Chinese cities by using the entropy method with the cities panel data. The study also provides empirical testing of the connections among foreign direct investment, urban economic efficiency and pollution problems. The study finds that foreign direct investment has improved the economic efficiency of Chinese cities, the improvement in Chinas urban economic efficiency is accompanied by the discharge of pollutants, which has aggravated environmental pollution. Also, there are significant regional differences in how the foreign direct investment has shaped Chinas environment.
The Application of Institutional Economics Theory in Solving Developing Countries Market Problems - Taking Ethiopia Grain Market and China Tomato Market as Examples
Authors: Li Xiaojing
Published: September 2023

Since the 1990s, when the new institutional economics was first introduced, many economists have been looking for a way to incorporate its ideas into the field of development economics. In this paper, we investigate the prospects of using development economics theory, which is grounded in institutional economics, to address the economic challenges faced by developing nations. In this paper, we conclude that institutional economics theory can be successfully applied to the problem of economic development in low-income countries. Developing nations shouldn't discount the harm caused by irrational trading decisions. When people act irrationally in the market, it can have a negative impact on the economy as a whole. As such, developing countries could benefit from implementing brokerage institutions to lessen the blow of irrational behavior on economic growth.
The Economic, Environmental Issues and Future Development of Avocado Industry
Authors: Gu Yuhan
Published: September 2023

The purpose of this article is to provide part of the answer to three questions that are about the avocado industry in China: (i) Why do avocados enter the Chinese market successfully, which is usually researched by interviewing people who buy avocados often and asking the reasons why they make the purchase; (ii) How will avocados develop in the future with such environmental problems, which is often faced by many products in agriculture practices; and (iii) How should consumers behave in light of rational actor model and human decision bias, which is what ordinary people should do to help settle global issues. These questions are common and inevitable worldwide but are yet to be solved. Understanding these questions could help people make better purchases and improve consciousness and action to solve global issues.
Crude Oil Price and Inflation in the US since Covid-19
Authors: Hao Tianhao
Published: September 2023

Focusing the period of Covid-19 since January of 2020, this research empirically study how inflation and the price of crude oil are related within the US data. The linear regression with ARCH(1) model is employed and our empirical results illustrate the significantly positive correlation between these two factors. We find that the CPI increase 9% with one unit increase in the crude oil price during Covid-19 period. Crude oil price, however, does not show such a significant effect on the other macroeconomic variable in the US during Covid-19 period, for example, real consumption and GDP.
A Comparative Study on Carbon Emission Trade System Between China and US
Authors: Xia Yuanming
Published: September 2023

It has been years since the Paris Agreement and most states are still struggling with their goals to reduce the carbon emission. Many ways and measures are taken but few show effectiveness. Because the industrial development and daily lives of the common people count on the activities that emit much carbon dioxide. Most governments are reluctant to restrict the carbon emission of local industry. Whats more, in the international level, the developed countries refused to take all reduction responsibilities based on their historical emission volume. While the developing ones are eager to pursue more progress in industry. To overcome such difficulty, the market-orientation carbon emission regulations are created to tackle with the challenges that the normal order-control regulations cannot deal with. In contrast to the carbon tax that is more direct and obvious, the carbon emission trade system is favored by both China and US. The system of carbon emission trade system is much younger and less experienced than it is in the US. The comparative study on the carbon emission trade system needs to be done to find more possible solutions to improve the current carbon emission trading system of China. In the paper, main research method is the comparative research and system analysis. In conclusion, the carbon emission trade system of China is relatively immature, lacking the legal support and clear regulations. The carbon emission trade system in China needs stronger laws to support, achieving more active flexible form of trading. The central and local governments should also provide the proper policies like open auction and third-party supervision.
Recommendations for Improvements under the United States Current Environmental Law
Authors: Wang Muxi
Published: September 2023

As the global climate became more and more unpredictable and devastating in the past few decades, the discussion on the avoidance and remediation of climate-related activities was attracted exclusive attention both in the international and national level. As a result, environmental laws and policies were enacted to urge the public as well as governmental officials to both restrict greenhouse gas emission and reduce exploitation and deforestation. This article focuses on identifying the gaps between the environmental laws in United States and international environmental laws or policies, and propose innovative or alternative solutions that the government could adopt in within a pragmatic scenario. More specifically, this article emphasizes on three approaches: climate funds, insurance, and healthcare. The three approaches altogether examine the potential improvements of U.S. environmental laws in the perspectives of economics as well as social security. Therefore, it is determined that the eventual influence on the entire society, if the nation emended the law, would be considered cross-sectionally beneficial.
The Difficulties to Define the Climate Refugees and Proposed Suggestions
Authors: Feng Shijin
Published: September 2023

The problems caused by climate change has drawn more attention form international society. One of reasons is that millions of people are severely influenced and facing the problems of displaced owing to the disasters caused by climate change and the secondary damage, and the number keeps rising. This climate refugees problem is getting serious has not been solved effectively. Thus, it has become more urgent for both international organizations and countries to take actions. The first significant step is to find out the main reasons. However, there are multiple factors caused the current situation of climate refugees, not only environmental reasons but also political reasons. One of reasons should be noted specifically. Due to the vagueness and uncertainty of the definition of climate refugees, the legal framework and practice about protection of climate refugees has been seriously influenced. Nevertheless, there are a sum of difficulties to make a universally admitted definition of climate refugees.
Research on Barriers to Implementing Business Analytics in Organizations
Authors: Lian Yaolin
Published: September 2023

Business Analytics has been widely applied to multiple aspects with a data-explosive background. People utilize data mining tools and models to guide marketing strategy, organization management, evaluate financial budgets, etc. However, what comes after its popularity is various implemental obstacles, this is why only a few companies have the capacity to run their own business analytics teams and adopt conclusions stemming from data and models into their organizations operation and decision-making. After reading and organizing previous related papers, and distilling and comparing the findings of different researchers this paper divides the barriers to the use of Business Analytics into six parts and summarizes the causes and possible effects of these barriers. In this context, barriers to implementing business analytics in organizations are introduced in dimensions of data quality, security and accessibility, analytical tools and knowledge, financial investment, human resources, analytics procedure, and organizational barriers. This article provides a basic overview of the barriers and may be useful to guide and improve the practical application of Business Analytics.
The Impact of High-Tech Industries on China-US Business Negotiations - Taking the Chip Industry as an Example
Authors: Kang Xilang
Published: September 2023

Since 2018, China and the US have held several rounds of high-level economic and trade consultations, which largely stopped in 2020. Subsequently, the US started a massive tax increase on China. However, faced with global inflation, the call was high to restart trade talks with China and eliminate tariffs on China. In June, US President Joe Biden said in a speech to the nation from Washington that the White House was reviewing the penalties imposed on China under former Donald Trump and could opt to remove them altogether. However, the US has issued a series of containment policies in the chip industry, which further casts a shadow over the resumption of bilateral talks. The high-tech industry, with chips as the representative, has been playing an essential role in the China-US business negotiations. Compared to previous studies with more focus on the one-way research about how China-US gaming influences high-tech industries, this article attempts to analyze it from a new perspective: the China-US gaming in the chip industry. Through observational studies, the article intends to make an in-depth analysis of the significant role high-tech industries have played in the China-US business negotiations and explore where the crux lies. Through a series of observational studies, this article argues that America will not loosen controls on Chinese high-tech industries, especially on the chip industry. For the US and China - the worlds first and second largest economies, the failure of business negotiations would mean no winners for either side.
Research on Marketing Promotion of Local Group Purchase Products in TikTok
Authors: Song Xixi
Published: September 2023

With the rapid development of China's economy and Internet technology and the continu-ous progress of the human consumption concept, the local life group purchase application on the Internet is becoming more and more popular. Many leading enterprises in the Inter-net industry have gradually arranged local life group purchase businesses to promote con-sumers' consumption. This paper takes TikTok's local life group purchase business as the research object and analyzes the marketing strategy of TikTok local life group purchase.
Arbitrage Strategy Based on DHS Pricing Model
Authors: Li Jiaxuan , Chen Yitong , Wu Yumin , Zhang Dizhao , Gao Zhutian
Published: September 2023

The Daniel-Hirshleifer-Sun (DHS) is a three-factor model based on the investors psychology. It supplements the market factors of the CAPM model with two behavioral factors that capture commonalities in mispricing resulting from psychological biases. The DHS method focuses on two psychological biases affecting asset prices: overconfidence and limited attention. According to Daniel, Hirshleifer, and Sun, overconfidence in the investor tends to induce commonality in long-horizon mispricing.In contrast, the inattention of the investor tends to induce commonality in short-horizon mispricing. In this strategy, assets are priced according to the DHS model, and the unexplained return generated from this model is traded. According to the back-test, the explanation power of the DHS model is limited in Chinses market. As a result, the arbitrage strategy based on this model cannot generate a decent return in the long run. However, this strategy generates a significant positive return in turbulent market conditions. During these periods, investors tend to panic, and their psychology is especially unstable, so the two behavioral factors can explain the return efficiently.