A study on the impact of supply chain finance on the innovation of small and medium-sized enterprises - mediated by the intermediary effect of financing constraints

Tianyuan Liu

pp.1-16 DOI: 10.62051/g5hf6a23

Abstract: Based on a detailed analysis of viewpoints proposed in relevant literature both domestically and internationally, this paper empirically investigates the impact of supply chain finance on the innovation of small and medium-sized enterprises (SMEs), utilizing financial data from listed companies on China's SME board from 2012 to 2022. Additionally, it explores whether the alleviation of financing constraints plays an intermediary effect in this pathway. The findings reveal that: (1) The … Read More

The impact of corporate digital transformation on share price synchronisation

Yinuo Li

pp.17-32 DOI: 10.62051/hhhb6r31

Abstract: With the rapid development of the digital economy, digital transformation of firms has become an important factor affecting their operations and market performance. This study examines the impact of corporate digital transformation on stock price synchronisation, focusing on the mediating role of disclosure and corporate governance in it. Through empirical analyses of A-share listed companies in Shanghai and Shenzhen from 2010 to 2021, this paper finds that digital transformation significantly … Read More

The Dilemma of Achieving "Same Case, Same Sentence" in Cases of "Knowing and Buying Counterfeits" in the Field of Food and Drugs and Its Legal Progress

Yuhuan Zhao

pp.33-46 DOI: 10.62051/47wa3c49

Abstract: The frequent disparity in judicial rulings for identical cases of "Knowingly Purchasing Counterfeit Goods" within the food and drug sector has significantly undermined the authority of the law and compromised judicial fairness. An empirical study of 100 randomly selected judicial decisions from Shandong Province reveals that the current level of uniformity in judgments for equivalent cases is less than ideal. To delve deeper into the factors influencing these inconsistencies, this paper conducts … Read More

How do Capital Market Pressures Affect Pay Structures? Evidence Based on Short Selling and Firms’ Internal Pay Gaps

Xinghan Li

pp.47-60 DOI: 10.62051/f4czms52

Abstract: This paper examines the relationship between short selling and internal pay gaps of listed companies, and explores how short selling affects the company's pay structure. To this end, this paper utilizes the data of Chinese A-share listed companies from 2008 to 2022, and adopts the staggered-DID method, and finds that short selling significantly increases the internal pay gaps of firms subject to the short selling mechanism, but gaps are instead narrowed in SOEs and technology-intensive firms. … Read More

Corporate ESG Performance and Corporate Value

Congran Yang

pp.61-73 DOI: 10.62051/a1kgks70

Abstract: In the context of China's green development transformation and high-quality development, it is of great significance to actively promote enterprises to practice the concept of ESG development. In order to study the impact of ESG on enterprise value, this paper empirically examines the impact of ESG performance on enterprise value and its mechanism of action, taking listed companies of enterprises from 2013 to 2023 as the research sample. The research results show that ESG performance can … Read More

Impact of the US Indo-Pacific Strategy on China-India Economic Cooperation

Liuting Song

pp.74-83 DOI: 10.62051/gnk2w546

Abstract: India has grown to be a significant component of the US Indo-Pacific strategic layout in South Asia because of its unique geographic location, political and economic power, and other factors. Through collaborative efforts within the Indo-Pacific Economic Framework (IPEF), the US and India have fostered project cooperation by aligning policy dispositions to address shared interests and contain China. Analysis of the economic and trade interactions between China and India suggests a declining … Read More

Dynamic Analysis of the Nonlinear Relationship Between Key Metal Prices and New Energy Vehicle Market

Jiaming Li

pp.84-93 DOI: 10.62051/tkmnjg82

Abstract: Up against the global energy transformation, the new energy vehicle industry has been in a stage of rapid development. Key metals represented by nickel are indispensable raw materials supporting the new energy vehicle industry, with their price fluctuations influencing its development, thereby affecting the global energy transformation. Studying the dynamic nonlinear relationship between the price fluctuation of the nickel as the key metal and the new energy vehicle market will provide a new … Read More

Water yield forecast in Shandong Province based on InVEST model

Yushan Li, Huawei Chen, Fulin Li, Long Jiang, Jian Zhang

pp.94-103 DOI: 10.62051/s85vhy98

Abstract: A better understanding of the effects of land use change and climate change on water yield is highly important for water resource planning and sustainable management. Land use changes in Shandong Province were analyzed over recent years. The PLUS Model was applied to forecast the land use layout for 2032, with adjustments made based on actual conditions and utilizing various CMIP6 scenarios for precipitation and actual evapotranspiration. The 2032 Water Yield was quantified using the InVEST … Read More

Research on emotional interaction among live streaming sales users based on the interactive ritual chain

Nuoran Li

pp.104-112 DOI: 10.62051/bps1nt26

Abstract: With the development of the Internet and 5G technology, live streaming has become the choice for more and more users to buy goods. This article takes "TIME WITH YUHUI" live streaming room as the research object, and analyzes the generation and dissemination process of user emotions in live streaming sales based on the interactive ritual chain theory. Live streaming sales is not only a sales method, but also a process of emotional communication. Through the four elements of the interactive ritual … Read More

Research on the Impact and Countermeasures of Exhibition Environment on Hotel Indoors

Shibo Fu

pp.113-117 DOI: 10.62051/gep7fj54

Abstract: In the modern hotel industry, the optimization of indoor display environment not only affects the first impression of customers, but also has a profound impact on the brand image and market competitiveness of the entire hotel. A well-designed display can significantly enhance customer experience, enhance customer satisfaction and loyalty towards the hotel. The focus of this study is to explore the overall impact of display environment on the indoor atmosphere of hotels, and provide targeted … Read More

Challenges and Strategies for Community Elderly Care Services in the Era of Digital Governance

Siqi Li

pp.118-123 DOI: 10.62051/v8bfxm92

Abstract: With our country's technological advancements, digital governance is increasingly penetrating all aspects of social life, particularly in the public service sector. As the "silver-haired group" grows, so does the demand for and attention to community elderly care services. The introduction of digital governance offers new opportunities in this field, yet it presents significant challenges. The integration of intelligent technology in community elderly care, facilitated by digital advancements, … Read More

The Main Framework of Ancient Chinese Management Thought from the Perspective of Traditional Culture

Dou Ani

pp.124-130 DOI: 10.62051/kbsnw609

Abstract: Ancient Chinese management philosophy is an important component of traditional Chinese culture, reflecting the thinking and summary of management practices by ancient Chinese people. This article summarizes the core viewpoints of major schools of thought such as Confucianism, Taoism, and Legalism from the perspective of traditional culture, as well as their implications for modern management. Through in-depth exploration of ancient management ideas, we can better understand the values and … Read More

Aristotle's Inner Logic of Justice: Based on the Nicomachus Ethics

Wang Shu

pp.131-139 DOI: 10.62051/cj0fh925

Abstract: Aristotle discusses the issue of justice in Volume V of the Nicomachan Ethics, including the connotation of justice, several types of justice, and the relationship between justice and willing behavior. Aristotle seems to have no rules and regulations in his discourse, but in fact, he has his inherent logic. Aristotle first provides a specific explanation of justice and divides it into overall justice and specific justice. Overall justice is related to virtue, reflecting more of an individual's … Read More

Research on the Social Safety Valve Function of the Stigma towards Studying Abroad

Yifan Hu

pp.140-146 DOI: 10.62051/wzj5cf31

Abstract: There is no lack of research on stigma and international students in China, but little research has been done on the stigma experienced by Chinese Students Studying Abroad for a Master's Degree. Through semi-structured interviews with domestic groups and overseas masters, the study explores the sources and functions of stigma in the context of the social safety valve. The study found that the stigma of masters studying abroad is homogenized by the domestic community due to the fermentation of … Read More

Design of Consumer Confidence Prediction Index Model based on DEGWO Algorithm

Yijian Zhang

pp.147-153 DOI: 10.62051/r88re536

Abstract: Based on the CCI index released by China Economic Information Network, combined with the DEGWO difference algorithm and BP neural network regression; Constructed a DEGWO-BP synthesis algorithm under machine learning mode to predict and fit consumer confidence index; The empirical results show that the cumulative error of the consumer confidence index using the DEGWO-BP algorithm is the lowest, only 37.8273; The average absolute error of the model is the lowest, and the model has the minimum … Read More

Research on the impact of digital transformation on the high-quality development of enterprises

Rui Meng

pp.154-162 DOI: 10.62051/qc9yg803

Abstract: In recent years, under the background of mass entrepreneurship and innovation, China has vigorously promoted the digital transformation of enterprises. Taking A-share listed companies in Shanghai and Shenzhen Stock exchanges from 2012 to 2022 as samples, this paper empirically tests the relationship between corporate digital transformation and high-quality development of enterprises. At the same time, the internal control of enterprises and the degree of financing constraints play a regulatory … Read More

Applicability and legal consequences of the criminal conciliation procedure

Huimin Shao

pp.163-169 DOI: 10.62051/z9dmsr59

Abstract: This paper provides insight into the use and impact of criminal reconciliation as an alternative form of criminal procedure in the modern justice system. By allowing the parties to reach an agreement through negotiation under the supervision of the judiciary, criminal conciliation aims to achieve a speedy resolution of criminal cases, reduce the burden on the courts and repair as much damage as possible to the victims. The article first describes the legal basis of criminal reconciliation and … Read More

R&D internationalization and innovation performance: the moderating role of financial slack

Xinyang Dong

pp.170-180 DOI: 10.62051/j3e90905

Abstract: Among enterprises in emerging economies represented by China, R&D internationalization is an important strategic choice, aiming to obtain advanced technological resources and achieve competitive advantages. Taking listed companies in the information transmission, software and information technology services, and scientific research and technology services industries in China from 2018 to 2022 as research objects, this paper explores the impact of R&D internationalization on innovation … Read More

Artificial Intelligence in Marketing

Bohan Zhang

pp.181-187 DOI: 10.62051/s4y73e41

Abstract: This thesis explores the application of artificial intelligence in marketing and the trends, challenges and opportunities of digital transformation. Firstly, it introduces the definition, development history and main technology and application areas of artificial intelligence. Then, it analyses the overview of the application of AI in the business field, including personalised recommendation, intelligent customer service and other aspects. Subsequently, how AI has changed marketing strategies … Read More

Research on the Impact of Digital Investment on Green Performance of Listed Enterprises

Yuhan Xia

pp.188-196 DOI: 10.62051/a789hg42

Abstract: Based on the data of Chinese listed enterprises from 2017 to 2022, this paper examines the impact of digital investment on the green performance of listed enterprises. The study found that digital investment is negatively correlated with the green performance of listed enterprises, which is still valid after the robustness test. According to the heterogeneity analysis, digital investment has a more significant negative effect on the green performance of state-owned enterprises. The research … Read More

Research on the Construction of Sports Tourism Belt and Interaction with Large Sports Events

Yu Zhou, Xiaoqian Wang

pp.197-202 DOI: 10.62051/km6na567

Abstract: As a new form of tourism growth, the sports tourism belt integrates sports activities and travel experiences, bringing new opportunities for local economic progress and the travel industry. This article conducts research and analysis on the concept, construction mode, and the impact of large-scale sports events on sports tourism belts, aiming to provide theoretical basis and practical reference for the further development of sports tourism belts. Read More

Exploring Interdisciplinary Integration Strategies for Animation Studies in the Context of 'New Engineering and New Humanities'

Xu Zhu

pp.203-207 DOI: 10.62051/jfqs7b12

Abstract: This paper explores the future development trends, strategic recommendations, and the promotion and application of interdisciplinary integration in animation education. It highlights that with technological advancements and innovations, the animation industry is experiencing unprecedented opportunities characterized by the deep integration of technology and art, coexistence of diversity and personalization, strengthened interdisciplinary cooperation and communication, and a blend of … Read More

Application of Sentiment Analysis and Data-Driven User Profiling in Product Iteration Design

Zhen Li

pp.208-213 DOI: 10.62051/2dwp6158

Abstract: Our study employs sentiment analysis and data-driven methodologies to construct precise user profiles and apply them to product iteration design, aiming to enhance marketing effectiveness and user satisfaction. The research data comprises 178,563 user comments and 42,786 social media posts. Sentiment features are extracted using advanced sentiment analysis algorithms such as BERT and Transformer. These features are combined with user behavior data and classified into five primary groups using … Read More

The Impact of Corporate Social Responsibility on Total Factor Productivity

Tianqi Sheng

pp.214-219 DOI: 10.62051/1p3w3m30

Abstract: With the advent of globalization, modern enterprises, as crucial pillars of socio-economic development, directly influence their own economic benefits and societal stability. In an increasingly competitive market, enterprises should not only pursue the maximization of economic benefits but also fulfill their social responsibilities, thereby shaping a positive social impact and gaining wide recognition across various sectors. Thus, the concept of corporate social responsibility has emerged, … Read More

Towards the Establishment of Spouse Tort Liability within Marriage

Ruitong Wang

pp.220-227 DOI: 10.62051/ng1hav75

Abstract: In the evolution of law, there is a growing awakening of individual consciousness. The number of intra-marital tort claims not predicated on divorce has increased in judicial practice. However, China currently only has a compensation system for damages arising from divorce, which is not conducive to the protection of the legitimate rights and interests of the parties involved. With the development of the economy, the liberalization of ideas, the collision of Chinese and Western legal thoughts, … Read More

Study on the Impact of Enterprise HR Management Informationization on Labor Relations Management

Kaiwei Su

pp.228-233 DOI: 10.62051/cqwdkw67

Abstract: In the context of global economic integration, new opportunities have arisen for the robust development of China's economy and various industries. As the mainstay of all economic activities, enterprises have a significant impact on competitiveness through internal management optimization and effective talent utilization. Thus, managing human resources well is of great importance. To meet the long-term development needs of enterprises, relying solely on capital accumulation and technological … Read More

Bridging the Digital Divide: The Collision and Integration of Media Intelligence and Age-friendliness in the Context of Aging

Yunfan Wang

pp.234-240 DOI: 10.62051/xgkh4491

Abstract: With the aging of the global population, the integration between media intelligence and age-friendliness becomes particularly important. Media intelligence, through technological means such as big data and cloud computing, enables personalized contents delivery and intelligent interaction. However, these advanced technologies often deviate from the usage habits and needs of the elderly. Older people may be unskilled in using smart devices, feel overwhelmed by information overload, and have … Read More

A Study on the Strategy of Modern Border Governance in the Qing Dynasty -- A Brief Discussion on the Governance Strategy of Zhao Erfeng during his tenure as the Resident Minister in Tibet

Yetao Jiang

pp.241-246 DOI: 10.62051/2252sb12

Abstract: In the late Qing Dynasty, in order to consolidate the southwest border and resist the invasion of British colonizers. The central administrative group of the Qing Dynasty carried out a series of governance and business activities on the Xichuan border. In this series of activities, Zhao Erfeng, who was then the Minister of Border Affairs of Sichuan and Yunnan, was known as the "Zhao Butcher". He cruelly suppressed the national movement with iron and blood methods, and implemented strategies such … Read More

Innovative Applications of AIGC in Television Content Generation

Siyang Huang, Siyu Wu

pp.247-252 DOI: 10.62051/ycajyq72

Abstract: Artificial Intelligence and Generative Computing (AIGC) technologies have revolutionized television content generation by enabling automated processes that were previously labor-intensive and time-consuming. This paper explores the innovative applications of AIGC in the broadcast television sector, focusing on three key areas: automated script generation, creation of virtual hosts and actors, and automated video editing. Through case studies and empirical analysis, we examine the effectiveness … Read More

Conservative Theory of Expanding Supervision Compensation from the Perspective of Behavioral Economics

Zhaoyuan Zhang

pp.253-262 DOI: 10.62051/ptjhsy49

Abstract: Based on the reflection on the traditional theory of expanding compensation, protecting human rights, and urging the exercise of rights, using cybernetics and behavioral economics tools, the expansion of supervision compensation will make market norms erode social norms, coupled with the confrontational sense of the subject and object of compensation. According to empirical research, it has been proved that inspection compensation will be further transmitted into a disguised “redemption” claim. … Read More

EU Energy Transition Against the Russian-Ukrainian Conflict: Based on the Concerns of Chinese Academia

Kelan Zhao

pp.263-270 DOI: 10.62051/qqh8vj96

Abstract: The outbreak of the Russian-Ukrainian conflict in 2022 has profoundly affected and reshaped the energy transition process established by the EU. For a long time, the EU has adopted a parallel policy of importing natural gas and developing renewable energy. However, the outbreak of the Russian-Ukrainian conflict has forced the EU to re-examine the energy transition, significantly raise awareness of energy security, lower the priority of addressing climate change goals, and seek diversified energy … Read More

AIGC empowers research on the communication path of red culture in six places in Liaoning

Xu Wang, Xu Zhou

pp.271-276 DOI: 10.62051/srzerh68

Abstract: As a region rich in red cultural resources, Liaoning’s revolutionary history, heroic deeds and red spirit have profound connotations and important contemporary value. However, traditional communication methods are no longer able to meet the diverse needs of modern society. Technological development and structural innovation in the AIGC field have restructured the current media landscape and communication paths. With the help of AIGC technology, it is particularly important to improve the … Read More

Collaborative Pricing Strategy of Distribution Network and Electric Vehicle Aggregator Based on Integral System

Yue Zhang

pp.277-284 DOI: 10.62051/a1x8xf06

Abstract: Scaled EVs as a new type of load have great potential to participate in the standby market. However, the uncertainty of EV users' participation in aggregator regulation affects the optimal strategy for aggregators to participate in the market. Aiming at the uncertainty of users' willingness and the conflict of interest between aggregators and the distribution network, this paper proposes an optimal scheduling strategy of master-slave game for EV aggregators to improve users' willingness with a … Read More

Mining Chinese Animation Movie Audience Concern Themes Based on BERTopic and UGC

Wei Ding, Hongjie Yuan, Sheng Zhang

pp.285-300 DOI: 10.62051/adargr12

Abstract: [Objective] To explore how Chinese animated movies can effectively utilize hot topics to feed the box office and improve the competitiveness of the movies by mining hot topics of users' concern through User-Generated Content (UGC). [Methods] Based on the UGC text of Douban reviews of the Chinese animated movie "30,000 Leagues in Chang'an", we adopt the BERTopic algorithm to cluster topics based on the category-based TF-IDF (Word Frequency-Inverse Text Frequency)-weighted clustering, and … Read More