Proceedings of the 7th International Conference on Economic Management and Green Development
Canh Thien Dang, King's College London
This paper focuses on 2011-2022 A-share real estate listed enterprises and digital financial data as objects, and empirically studies the relationship between the development of digital finance and the financial risks of real estate enterprises. Studies show: (1) the reasonable application of digital finance can effectively suppress the financial risks of real estate enterprises; (2) digital finance reduces the financial risks of real estate enterprises by easing the financing constraints. Based on this, the paper proposes policy suggestions for improving the use of digital finance and the digital financial supervision system.
The Federal Reserve's tenth interest rate hike has further impacted the U.S. economy and society. Therefore, this paper analyses the current economic environment in the United States and the implications of high interest rates, as well as the link between high interest rates and US Treasuries against the background of the tenth interest rate hike by the Federal Reserve. The research uses information and data from the Federal Reserve, current news, and data from the US stock market as the basis for the analysis. This study concludes that high interest rates are unfavourable for the US economy in the short term, but have helped employment, mortgage repayment costs, and growth in some sectors.
Fluctuations in the stock market represent the changes in the national economy objectively, stock price prediction predicts the future trend of stocks using the past data, which has been widely focused on. Some machine learning algorithms, such as linear fitting and sequence mining, are used to predict the stock market. However, linear fitting faces the problem of overfitting and black relationships with historical data, while sequence mining is short in efficiency and lacks dynamic adaptations. State-of-the-art methods using attention mechanism in neural networks have shown exceptional performance targeting sequential prediction and classification. In this paper, we propose a combined LSTM-CNN attention model to explore the role of attention mechanism in Long Short-Term Memory (LSTM) network-based stock price movement prediction. Experimental results show that our LSTM-CNN-attention model can provide an accurate prediction and reliable trial on the stock price prediction, and the attention mechanism significantly improves the model performance in the stock market.
This paper provides an overview of the rapidly expanding fintech sector and its impact on traditional financial services. Fintech has emerged as a customer-centric business model in response to the shortcomings of conventional financial services during the financial crisis and COVID-19. The fintech industry has created prospects in a variety of areas, including blockchain (specifically cryptocurrencies), robo-advisors, online payment services, and peer-to-peer lending platforms. However, the quick expansion of fintech also comes with risks, and investment decisions must be made carefully, considering project duration and volatility. Risk management is crucial to preserving financial stability, and legal oversight is necessary. Machine learning and deep learning techniques can be employed to recognize and mitigate these risks. Banking institutions must take precautions to protect customer data and manage unforeseen operations. The fintech sector has the potential to transform the financial industry while maintaining long-term financial health through a balance of innovation, regulatory monitoring, and financial stability.
Currency policy plays a crucial role in macroeconomic management and is of significant importance for the economic stability and development of countries and regions. Understanding and evaluating the choices and consequences of different countries' currency policy practices are essential. This paper aims to compare and analyze the currency policy practices of China and the United States, two important economic entities, and explore their core elements, policy objectives, and impact on economic stability and growth. China, as the world's second-largest economy, has implemented a series of unique monetary policy measures to address domestic and external challenges. The United States, as the largest economy in the world, has a long-standing tradition of stable monetary policy and faces challenges and responsibilities consistent with its economic status.
The paper practically investigates relationships among digital finance, financial risks, and high-quality development of real estate companies using data from listed real estate companies and digital finance from 2011 to 2020. The research findings are as follows: (1) Digital finance significantly foster the high-quality development of real estate companies; (2) Mechanism analysis indicates that digital finance can advocate the high-quality development of real estate companies by alleviating financial risks. Therefore, this paper suggests policy recommendations such as the government issuing policies to drive the development of digital finance, companies establishing sound internal control and risk management mechanisms, and companies undergoing digital transformation to promote the high-quality development of real estate companies.
This case study mainly expounds the advertising and marketing strategy of Hey Tea through co-branding and building high-end Internet celebrity stores and the idea of mainly building well-known Internet celebrity stores before the epidemic to form an online and offline closed loop with the control and sale of small programs during the epidemic, and compare the marketing strategies of digital new media.
The objective of this research paper is to thoroughly examine the risks and investment opportunities that exist within the aviation industry for publicly listed companies. The aviation industry encompasses a wide range of sectors, including airlines, aviation manufacturers, and aviation service providers, all of which play a vital role in the overall economy. Many airlines operating within this industry have shares listed on public stock exchanges, providing investors with the opportunity to engage in buying and selling activities. As a result, it is of utmost importance for investors to develop a comprehensive understanding of the associated risks and investment potential associated with publicly listed companies operating within the aviation sector. However, researchers conducting such an analysis must possess a certain level of knowledge and comprehension regarding the intricacies of the aviation industry and its interconnected markets. Acquiring in-depth knowledge about the industry and related market dynamics is crucial for accurately assessing the risk factors and determining the investment value of these listed aviation companies.
In recent years, due to the accelerated pace of life, to relieve pressure, most people tend to drink to relax. For the type of wine, the most popular choice is beer. Thus, it may be a good choice to invest in the beer industry for investors. The main purpose of this article is to ana-lyze AB-InBev, which is the leading enterprise in the beer industry, and then get the in-vestment value of this company while providing references for other companies. To achieve this goal, the capital structure of AB-InBev is analyzed by calculating many indicators such as the Weight Average Cost of Capital, and the company's business risks are analyzed in de-tail from three aspects including financial data, costs, and competitors. The result of the analysis is that although the company's profitability is strong, the risk to the company is still high. This leads to the conclusion that risk-neutral or risk-loving people are better suited to invest in AB-InBev.
The objective of this paper is to explore the correlation between the capital structure and op-erating performance of selected leading pharmaceutical companies listed on the stock ex-change during the COVID-19 pandemic. To investigate how diverse capital structures influ-ence corporate performance, this study collects, calculates, and compares pertinent financial data, including leverage ratios, performance indicators, and cash flow, for these firms over three years. The findings show that companies with lower debt ratios are more likely to achieve stable earnings and cash flows, as well as to achieve higher performance indicators to some extent, compared to companies with higher debt ratios. Thus, capital structure has an impact on a company's operating performance. At the same time, a reasonable capital structure optimization can enhance a company's operating performance and mitigate opera-tional risks. It is recommended that listed companies in the pharmaceutical industry should focus on optimizing their capital structure to reduce financial risks and financing costs and to improve cash flow levels in order to achieve stable improvements in operating perfor-mance while ensuring sound operations and management. Investors should also focus on the capital structure of companies when making investment decisions and select those compa-nies with a sound capital structure for investment. These findings and recommendations provide suggestions and directions for the pharmaceutical industry to optimize its capital structure and improve its operating performance.
Pharmaceutical innovations, including drugs and vaccines, consistently remain a top priority in development and research efforts. The COVID-19 pandemic has further emphasized the significance of drug research and development, prompting a growing number of nations to invest in this field. Governments have increased funding and introduced various incentive policies to stimulate innovation, bolstering the expansion of the pharmaceutical market. As a result, the pharmaceutical sector has evolved into a fundamental economic pillar, closely linked to economic growth, healthcare standards, and the overall well-being of the population. Consequently, economists and investors now pay greater attention to the industry than ever before. Despite the heightened focus on pharmaceuticals, the sector is not without its challenges, with numerous risks presenting obstacles for many companies. Identifying and understanding these risks, developing strategies to overcome them, and determining methods to maintain competitiveness and market share in the future is crucial for the continued success of these enterprises. This paper will focus on the WACC calculation to reckon the risks for Johnson and Johnson, Pfizer, and Roche as examples of pharmaceutical companies, put them down to contrast and predict the development. It shows that Johnson and Johnson owns the highest WACC, while Roche owns the lowest.
With the global promotion of energy conservation and emission reduction in recent years, some new energy vehicle enterprises are emerging in the market. To avoid potential risks in the new energy vehicle market with over-investment, the paper selects Tesla, BYD, and Toyota as examples, and uses CAPM and WACC to calculate and analyze the risks of three automobile enterprises based on the financial data in 2022. The result shows that Tesla owned the largest WACC and risks due to the calculation, and Toyota had the smallest WACC and risks. According to the analysis of data combined with the market situation of three companies, the author finds unique risks for each enterprise and provides a feasible direction for the development of three enterprises. It shows that the development of electric vehicles, guarantee of production, good product quality, and reasonable allocation of funds can help automobile enterprises avoid risks in the future.
This paper makes an in-depth study of the US healthcare industry from both empirical and theoretical aspects of capital structure and investment value. By calculating the WACC (weighted average cost of capital) for three of the most representative public companies in the US healthcare industry (Johnson & Johnson, Pfizer, and UnitedHealth Group) and reviewing the literature, it is concluded that the company's business and capital flows have been affected due to the impact of the COVID-19 pandemic. At the same time, due to some differences in the main business and nature of the three companies, United Health Group found that it has the highest investment risk. Based on the analysis of the investment value and investment risk of Johnson & Johnson, Pfizer, and UnitedHealth Group, this paper provides more appropriate investment recommendations for investors with different preferences, to further understand the future development trend of the American medical industry.
Nowadays, more and more people begin to learn about a product through advertising, and the content of the advertisement usually determines whether people buy the product. Therefore, the author began this study to explore the influence of different advertising media on consumers. This study was conducted by questionnaire, asking respondents to watch four types of video advertisements, and then ranking them according to the most attractive to the least attractive, and finally writing down the reasons for ranking. The results show that fashion ads are the most popular. This kind of advertisement usually appears in a popular, fashionable and high-end image. This was followed by celebrity endorsements and song types, tied for second place. This type of advertising usually uses celebrity and musical elements to increase its appeal. Finally, there is the genre of situational drama, which often conveys the characteristics and advantages of the product through plots and story lines. Therefore, advertising companies in the production of advertising, should not only consider the production of fashion types of advertising, but also choose the media mode of advertising according to the specific groups, in order to improve the attractiveness and effect of advertising, and to promote the promotion of product sales and market share.
The United States is the first developed economy that rebounded from the 2008 global financial. Theoretically, US economic cycle is influenced by several factors, this paper mainly focuses on the linkage of the US economic growth and The correlation between the unemployment rate and the U.S. federal funds rate. Between times with rising economic activity, known as expansions. Whereas, the periods of diminishing economic activity is known as recessions. The economic climate constantly shifts throughout time. Firstly, the rate of employment and the rate of federal funding are cointegrated. The findings of a regression analysis demonstrate that there is a negative concurrent correlation between the federal funds rate and unemployment rate. Secondly, in order to verify the linkage, through an in-depth review of the data, several interlinked and external factors behind the pattern of such correlation related to the variation on economic growth also need to be elaborated.
In The electronic product market, marketing strategy is a very important factor. Apple is successful in this area. Apple is the first brand to publish a flagship store to market, that provides outstanding service. But the place and service are not enough. In this paper, we will find out why Apple can be successful in the market. we will be using the 4Ps method to research Apple's marketing strategy. The way of Apple uses product ecosystem and word of mouth by customers. And on the other hand, Apple is working through pricing strategy and location of Apple stores.
The Internet finance industry is expanding quickly, and at the same time, it is closely linked to the growth of small and medium-sized businesses. This study discusses the history of Internet finance, the present state of the sector, its financing model, its role in financing small and medium-sized businesses, and further analysis of the risks associated with its financing model. At the same time, this paper also puts forward management suggestions for small and medium-sized enterprises, as well as ways and means to improve risk management. This paper analyzes the previous literature and data, and it can be concluded that Internet finance is a new form of financial business that makes full use of Internet technology to carry out profound changes in financial business. It refers to the emerging financial model that realizes financing, payment, and information intermediaries by means of Internet technology and mobile communication technology, which is different from the indirect financing of commercial banks and the direct financing of the capital market.
This paper aims to discuss the changes in the IT development industry under the influence of the worldwide pandemic. The worldwide pandemic has had a very significant impact on economies all over the world. In this context, the result and the changes produced by the IT industry, which has been strongly developed recently, are undoubtedly significant. With the impact of the epidemic, all countries need to consider the spread of the epidemic. This has led to the temporary closure of schools, stores in many countries. People need to use the Internet to work, study and shop. This has made people more dependent on the IT industry. While most industries are slowing down due to the epidemic, the IT industry is growing more rapidly due to people's needs. This paper compares the WACCs of Intel, Qualcomm, and Advanced Micro Devices for the first quarter of 2023 and examines why the WACCs differ from a consumer perspective. This paper also discusses how to observe and invest in these three companies from an investor's perspective.
In China, the generally small size and weak financing capacity have affected the growth of the securities companies. In recent years, many securities firms have adopted mergers and acquisitions (M&A) to expand the size of their businesses and it is necessary to study the impact of M&A on their long-term performance. This paper selects the acquisition of Guangzhou Securities by CITIC Securities as a case study to examine the impact of M&A on long-term performance. The paper first analyses the motivation for the M&A and describes the background of the two companies. Then it analyses the long-term performance of CITIC Securities before and after the acquisition. As for the financial indicators, the paper compares profitability, solvency, operating efficiency and growth capacity. In terms of non-financial indicators, it focuses on market share and number of business offices. Finally, it makes some suggestions for M&A in the Chinese securities industry. The paper finds that CITIC Securities' profitability, solvency and operating efficiency have all improved after the M&A, and the M&A has brought considerable gains. Its business offices in Guangdong operations have increased, and its market share has further expanded. In the future, CITIC Securities will need further follow-on integration to expand synergies and improve the company's performance.
With the development of technology, the short video industry has gradually emerged, the traditional media industry can no longer meet the needs of various industries, the more intuitive content in short videos can better attract people's attention; at the same time, the short video viewing does not take up too much of people's time, people can more directly understand the meaning of its expression. This is why more and more people in the industry are choosing to take advantage of the rise of the short video industry to market and promote themselves. Tourism is one of these industries. Tourist attractions take advantage of short videos in order to promote the characteristics of the scenic spots in a more graphic way and to achieve a precise marketing strategy. In this paper, this paper uses Xinjiang as an example, and through literature analysis, mainly studying the changes in the marketing strategy of the tourism industry due to the rise of short videos and the impact it has on the tourism industry. This leads to three innovative strategies suitable for the marketing and promotion of tourism in Xinjiang: improving the authenticity of the video content, enriching the marketing means and expanding the publicity channels and improving the tourism industry chain, which provide implications for the marketing of tourism in Xinjiang.