Advances in Economics, Management and Political Sciences

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Volume Info.

  • Title

    Proceedings of the 7th International Conference on Economic Management and Green Development

    Conference Date






    978-1-83558-081-3 (Print)

    978-1-83558-082-0 (Online)

    Published Date



    Canh Thien Dang, King's College London


  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231435

    Analysis of the Current Situation in Chinese Public Hospital Based on AMO Theory

    Public hospitals in China have a complicated internal structure with a sizable number of members and a strict management system. Human resource management plays an important part in the management of modern public hospitals, which also serves as the primary management component for efficient internal management. At the same time, in the context of strategic human resources management, the AMO theory has gradually entered the management of public hospitals. Based on a brief overview of human resource management in modern public hospitals, this study adopts the AMO theory (abilities, motivations, and opportunities) perspective in analysing the problems and challenges faced by the human resource management strategy in modern public hospitals, and exploring how human resource management in modern public hospitals should play an effective role based on the AMO theory. Based on a detailed and targeted analysis of the contents of the challenges, theoretical and practical support for the development of modern hospitals and the orderly conduct of internal management is provided.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231412

    Explore the Impact of China Fintech Loans on the Financing of SMEs

    As an important part of the economy, small and medium-sized enterprises (SMEs) play an important role in the recovery of the economy after the epidemic, but the financing difficulties of SMEs have been exposed but not solved. Fintech is the core force to practice inclusive finance and an important breakthrough to improve the financing constraints of SMEs. Fintech loans rely on big data to conduct credit evaluation and risk management for SMEs and play an important role in expanding corporate financing channels, accelerating loan efficiency, and reducing financial discrimination. First, this paper summarizes the financing status of SMEs in China and then subdivides Fintech loans. From the perspectives of bank Fintech loan use and Fintech loan company development, this paper presents the impact of Fintech loans on SME loans and the relationship between different Fintech loans and summarizes the shortcomings of Fintech loans in resolving the financing problems of SMEs. Finally, based on the current research status and objective reality, it provides suggestions for future research directions.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231413

    The Relationship Between Social Media Data and Stock Market Volatility

    In recent years, the influence of social media data on the stock market has been deeply concerned and studied by academics and professionals, because the information reflected in these data has become increasingly important in contemporary society. By offering a complete synthesis of current research, evaluating the contributions made by earlier studies, and highlighting knowledge gaps warranting additional inquiry, this literature review seeks to examine the complicated link between social media data and stock market volatility. In order to accomplish this, the paper delves into a wide range of topics, such as where to get social media data, how to gauge stock market volatility, and what kinds of approaches have been taken to examine the possible connections between the two. Some research suggests that social media sentiment may forecast market patterns, while other research suggests a lower effect, as shown by our study, which concludes that there is either no relationship or a positive one between these factors. More study should focus on perfecting sentiment analysis methods, delving into nonlinear correlations, exploring variations in social media platforms, and addressing ethical problems in data utilization. We hope that these efforts will help us better comprehend the relationship between social media data and stock market volatility, allowing us to create more precise forecasting instruments.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231414

    Research on the Digital Transformation Development Strate-gy of Commercial Banks under the Background of Financial Technology

    At present, implementing digital transformation has become the most common strategic choice of commercial banks, so it is important to study the digital transformation of com-mercial banks. The literature on Fintech and the digital revolution of conventional com-mercial banks is reviewed in this paper. This paper reviews the theoretical and empirical literature, focusing on three main issues: the influence of financial technology on commer-cial banks, the research on digital transformation of commercial banks, and the factors af-fecting the digital transformation effect of commercial banks. The vast majority of schol-ars believe that the use of financial technology can bring customers a more personalized service experience, reduce costs and increase profit levels, but it also means that the com-petitive environment for commercial banks will be more intense. According to the current development of science and technology, commercial banks must put digital transformation into practice in order to achieve sustainable development, and financial technology plays an indispensable role in the digital transformation of the banking industry. With the con-tinuous advancement of digital transformation practice, many factors affect the implemen-tation of digital transformation, including external factors such as government support, and internal factors such as the development of science and technology, digital transformation strategy formulation, and managers' awareness. This paper summarizes what people know about these issues and the questions for future research. People should look for more possi-ble factors that will affect the digital transformation of commercial banks, and study the security issues that may arise from the benefits that digitalization brings to commercial banks.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231415

    The Role, Challenges, and Countermeasures of NGO Participation in the Third Distribution

    In the context of accelerated social transformation in China, the consensus on solving social problems through the participation of NGOs in the third distribution has become increasingly clear. Therefore, it is necessary to analyze the challenges faced by NGOs when participating in the third allocation from a practical perspective, and summarize a set of practical ideas and countermeasures. This has important practical significance for further solving the issue of social equality and alleviating the gap between rich and poor. Based on the existing 12 papers on NGO and third distribution, this paper analyzes the theoretical role of NGO participation in third distribution, which can be divided into two elements: alleviating the shortage of public goods and low cost and high efficiency. From a practical perspective, examine the current situation of NGOs in the third distribution from the perspective of the "two major factors" mentioned above. It is found that there are still three major problems: the inefficiency caused by "voluntary failure", the imperfection of the charitable tax system, and the constraints of the dual management system. How to solve the above-mentioned "three major issues" has become the key to the efficient participation of NGOs in the third distribution.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231417

    The Impact of Digital Transformation on the Financial Ser-vices Industry: A Comprehensive Review

    This paper studies the different aspects of how different fields of technologies are applied to digital transformations and fin-tech and what risks might be met. It is an important issue because fintech and digital transformation are the crucial points that make companies more digital. This paper will take about fintech and digital transformation through topics including blockchain and NFT, robo-advisor and artificial intelligence, peer-to-peer lend-ing, and online payments. These four factors are the primary factors that lead to enterprise digitization. However, while these four factors are so considerable, the lack of supervision would also cause a lot of trouble that violates people’s property. People have experienced losing their property when there are no sufficient policies that regulate new technologies. This paper will specifically talk about how these factors are important and relevant to fintech and digital transformation and what might be the potential risks if there are no proper actions that restrict these factors. A healthy and compliant trend is the necessary path that leads to prosperity.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231419

    The Negative Impact of the Three Gorges Dam on Its Area and the Middle and Lower Reaches of the Yangtze River after Its Construction

    The Three Gorges Dam (TGD) is one of the largest construction projects all over the world. The construction of TGD causes significant and far-reaching consequences on the Yangtze River basin (YTR basin). It has brought numerous benefits, particularly with regard to the flood control, the development of hydroelectric power, the shipping industry, and tourism. Yet, it has also resulted in environmental destruction and geological catastrophes. This research investigates the detrimental effects of the TGD on the ecological environment as well as geological disasters through a review of relevant literatures. In general, the positive aspects of the TGD far outweigh its drawbacks, particularly as a consequence of the establishment of monitoring stations and the restoration of the ecologically degraded areas.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231420

    Breaking the Stereotype: How Corporate Financialization Can Boost R&D Investment

    As Enterprise Financialization refers to the process in which enterprises obtain funds through financing channels to support their business and development activities. This financing channel can include bank loans, bond issuance, stock issuance and other forms. And the purpose of Enterprise Financialization is to improve the efficiency of capital utilization. However, we would test the hypothesis in our research is that the extent to which corporate Financialization increases R&D spending may depend on a variety of factors. And we figure that a rise in R&D spending results from a 1% increase in finalization. This finding confirms the theory that finalization and R&D positively correlated.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231425

    Evaluation of the Performance and Behavior of the Video Game Industry

    When video games gradually become a part of the modern culture, the significant economic impact of the games and related products or services has appeared to draw public attention. The paper mainly analyzes how did the game companies and the market of game-related products perform in a way different to the common good industries, especially under government macroeconomic policies, impact of recent pandemic, and other factors affecting consumption and investment behaviors. The research found the overall improvement in economic performance of video game related products and fluctuations in financial performance of firms. Further analysis reveals behavior of companies in different divisions of the industry and the limited impact of government policies on this relatively independent industry. These results are able to give an insight into an underestimated industry in the changing economy.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231427

    Research on the Optimization Path of Eco-leadership Based on the Beauty Industry

    People's aesthetics and tastes have changed with the progress of time and culture. People are constantly influenced by new things, technologies, and ideas, and the pursuit of beauty has increased. However, the beauty industry is currently facing natural resource and ethical dilemmas. Eco-leadership, focusing on environmental and social sustainability, can solve the current dilemmas and help maximize corporate benefits. This paper contributes to the application of eco-leadership in the beauty industry. The case study approach is used to analyze the application of eco-leadership in some leading beauty companies: the body shop, L' Occitane, Natura & Co, and KIKO. These companies are highly recognizable brands in the beauty industry, have a considerable market share, and their products lead to consumer buying behaviour. It is concluded that the beauty industry requires brand leaders to invest in environmental sustainability and social contribution. The strategies related to eco-leadership are suggested to mainly focus on animal testing, recyclability and availability of packaging, energy, and water management, and research into eco-technology.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231432

    Analysis of Temporary Works’ Interest Protection by Negotiation

    According to some experts, temporary workers are becoming less willing to speak out when they have made a loss as previously they were. Nonetheless, when their benefits are being infringed, temporary workers will bargain with the employer to safeguard their own interests. However, there is no unified explanation for the reasons behind the formation and solutions. Therefore, this paper collects data on temporary workers employed by some companies and analyzes the correlation between the data and the case of "temporary workers employed by Meituan Takeaway" to investigate the topic of how temporary workers should negotiate with companies to protect their own interests. The study found that there are two reasons why temporary workers are not valued by the company, including the low skill level of temporary workers and the high risk of quitting; the company hires temporary workers not only because it can save human resources costs, but also shows higher motivation for temporary workers. The company should insist on "equal pay for equal work", which is beneficial to the development of the company and establish a good corporate image. In view of the above findings, this paper proposes that the company should actively cooperate with the negotiation process and the temporary workers should use such negotiation skills to communicate with the company.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231434

    Business Negotiation Strategies for Manufacturing Industries in Trade Activities

    The manufacturing industry is the backbone of the country, so the development of the manufacturing industry is very critical. Increasing revenue and reducing costs in trade activities are very important for the development of the manufacturing industry. By using some business negotiation techniques correctly, the enterprise can win as much profit as possible in trade activities. There is still a research gap on how to analyze the macro perspective in an integrated manner so that the manufacturing industry can clarify the general process of conducting business negotiation and the key techniques of each process. Therefore, the research topic of this paper is business negotiation strategies for manufacturing industries in trade activities. In this paper, negotiations conducted by manufacturing industries in trade activities are classified according to whether they are competitive or not. The corresponding negotiation strategy analysis is given for competitive and non-competitive negotiations. In order to achieve the effect of negotiators in the manufacturing industry to strive for the maximum profit in the negotiation and promote the prosperous development of the manufacturing industry.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231437

    Exploring the Effective Ways to Improve the Cross-border E-commerce Education Platforms

    People's buying habits have changed significantly as a result of the rapid advancement of technology. Instead of shopping in actual stores, individuals now shop online at any time and from anywhere. As a result, online buying and e-commerce emerged as new and steadily expanding businesses. The rise of the e-commerce industry has made e-commerce education an essential and important educational segment. In order to help more people to engage in the e-commerce industry, it is necessary to continuously improve the practicality of the e-commerce education platform. This research takes the E-Hai e-commerce education platform into consideration, proposing that is in needs to improve the usefulness of the platform In this paper, the analysis of the feedback and evaluation of E-Hai e-commerce education platform users, problems are put forward, and some suggestions for modification and improvement measures are proposed. By analyzing the problems and exploring the solutions, the practicality of this mobile application can be improved, as well as the level of e-commerce education to help more users use this platform then create and engage in the e-commerce industry better.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231441

    Study on Financial Competitiveness of Listed Companies in New Energy Vehicle Industry —— BYD as an Example

    As the environmental problems are becoming more and more severe, people attach more importance to environmental protection, boosting the heat of new energy cars. BYD takes the trend and becomes one of the leading companies in the new energy vehicle industry. This passage will take a deep look into BYD’s financial data and develop a ratio analysis of the company. First, it will use the data from its financial reports from five years (2017-2021) to calculate its ratios in the four aspects: solvency, profitability, operating capacity, and growth capabilities. Compared according to the timeline, the company’s changes are clearer. The trend of increasing or decreasing is shown directly. Then it will use the data in 2021 to compare to the average of the industry, locating the company itself in the industry. By doing the comparison, as BYD is expected to perform better than the average as it is one of the leading companies, whether BYD needs improvement is demonstrated. This research can offer a view of BYD in the new energy vehicle industry, with an analysis of how it behaves and how to improve.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231448

    Analysis of Tesco's Financial Status Quo —— Based on Financial Ratio Analysis

    Financial ratio is an intuitive reflection of a company's profit acquisition status and an important evaluation indicator of its management ability. It is an important basis for other investors to invest in the company, and it is also an important driving force for the company to achieve long-term development. Therefore, this article uses the financial ratio analysis method to analyze the financial indicators of TESCO. To identify the problems that exist in the development of TESCO, a retail giant. Therefore, by analyzing various calculated values and proposing corresponding countermeasures, TESCO can promote good development in the future. And through the analysis of representative retail enterprises. To analyze similar companies in the world retail industry and provide data recommendations and improvement plans. This article draws conclusions through the analysis of financial statement data. Based on the conclusions, analyze the current situation and development status of TESCO Company. From analyzing the brand to analyzing the entire market. Through a series of analysis, consumers can identify potential opportunities and risks in this industry, thereby obtaining long-term benefits.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231450

    The Catering Industry under the Epidemic: A Case Study on Yum China

    Since the outbreak of the epidemic in 2019, the world economy has been in a lot of trouble. Among the various sectors, the catering industry has borne the brunt of this unprecedented crisis, facing unparalleled challenges and setbacks. During this time, Yum China has handled the epidemic differently than other food service businesses and hasn't had any trouble with business because of it. The goal of this paper was to look at why Yum China can still be successful even though there is an epidemic. This paper demonstrated the reasons for Yum China’s success in the epidemic. This paper finally found that Yum China’s success in the epidemic had the following three reasons: At first, the high-quality digital platform enabled Yum China to take a leading position in the industry. In the future, Yum China will continue to increase its investment in digitalization and maintain its leading role. Secondly, the strong safety and health measures had ensured the safety and stability of Yum China’s customer base during the epidemic. However, Yum China should pay more attention to food safety after the epidemic. Thirdly, Yum China's strong supply chain management had ensured the stable import of raw materials and cost control during the epidemic. Yum China should continue to strengthen its investment in supply chain management to consolidate strong supply chain advantages.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231451

    Analyzing the Debt’s Effects on Netflix’s Liquidity and Costs

    Netflix has issued substantial sums of debt in 2018 and 2019 in order to expand its content library and deal with the intense rivalry that exists in the streaming media sector. The objective of this paper was to investigate the ways in which Netflix's liquidity and costs of financing are impacted by the use of long-term debt financing. The annual reports that Netflix produced from 2017 through 2022 were scrutinized in great detail. According to the findings of this research, Netflix did not experience any liquidity issues in 2018 and 2019 as a result of its long-term debt financing. Therefore, organizations that provide streaming media may utilize long-term debt financing in order to make short-term investments if they managed the due dates of their loan in an appropriate manner. Meanwhile, based on the findings of this study, Netflix was able to reduce the costs associated with debt by issuing debt mostly in euros and using fixed interest rates. When interest rates are forecasted to rise, it may be beneficial for businesses to cut their debt costs by taking on debt denominated primarily in euros and offering fixed interest rates.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231455

    Correlation Between Carbon Emission Treaty and Inequality

    The paper discusses the relationship between the imposition of international carbon emission treaties and economic inequality. The paper draws a positive correlation between carbon emission treaties and economic inequality, the matter is most pronounced in developing countries. The substantiation, realization, and understanding of the relationship is crucial in the modern context. Following the pace of globalization, a thorough comprehension of the concept of inequality is quintessential to the resolve of international conflicts and/or affairs. As countries grow increasingly correlated, it is in the stakeholder’s common interest that historical legacies can be objectively evaluated and thus have the inter-nation historical discrepancies recognized and thereby worked upon; thus, the carbon emission historical discrepancy and the treaties that further inequality across the globe is of utmost importance to be researched, and discussed upon.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231458

    Analysis of the Game Behavior of Real Estate Mortgage Securities Issuers Based on Reciprocal Preferences

    In recent years, the Chinese government has gradually begun to pay attention to the development of real estate investment trusts (REITs) and hopes to use REITs to increase the securitization of assets in the real estate market, making it possible to accelerate the circulation of funds in the real estate market. In order to enable issuers to price REITs effectively to form a mutually beneficial transaction model with investors, to increase the willingness and success rate of both parties and to ultimately create a harmonious and efficient REITs market, it is important to study the pricing decisions of issuers when issuing REITs. This study analyzes and investigates the issue of pricing decisions of REITs based on reciprocal preferences and evolutionary game theory. It is found that when the proportion of REITs issuers choosing to construct a reciprocal initial pricing decision is greater than the equilibrium probability of REITs issuers choosing a reciprocal pricing strategy, and when the initial proportion of investors choosing a reciprocal investment decision is greater than the equilibrium probability of investors choosing a reciprocal investment strategy, the overall REITs transaction market tends to be a reciprocal and harmonious transaction market at this time, the overall happiness of the REITs trading market is the highest, and the success rate of trading increases and the capital circulation of the real estate market is accelerated. Therefore, it is recommended that issuers choose reciprocal competitive decisions when pricing REITs in order to increase the success rate of their own REIT holdings; and it is recommended that the government, when regulating the pricing of REITs, pays attention to the psychological factors of reciprocal preferences of issuers and investors and that the government penalizes REIT issuers and investors when they choose self-serving decisions and rewards them when they choose reciprocal decisions.

  • Open Access | Article 2023-11-10 Doi: 10.54254/2754-1169/30/20231461

    The Global Effect of Fed Rate Hikes: Stocks, Bonds, and Foreign Exchange Markets

    On 23rd March 2023, the Federal Reserve has once again increased its federal funds rate. The policy is published aim for reduce the high inflation rate in the US and prevent once again getting into a recession just like in 2008. This brings both advantages and disadvantages to both the domestic and foreign economies. In this paper, some basic impacts are explained including effects on consumption and investment decisions, stocks and bonds markets, and international relations. As the rise in interest rate increases cost of borrowing and discourages speculation, generally, economic activities are reduced. At the same time, this gives foreign countries heavy pressure by creating outflows of investment funds. Looking forward to the future, it is still possible for the Fed to keep raising its interest rate. To prevent further damages, foreign countries may use expansionary fiscal policy as it can stimulate consumption and investment, and most importantly, bring possibilities of improved economy potential.

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