With intensifying global climate change,humanity is confronted with unparalleled environmental challenges and risks.This study employs the staggered difference-in-difference model to examine the relationship between c...With intensifying global climate change,humanity is confronted with unparalleled environmental challenges and risks.This study employs the staggered difference-in-difference model to examine the relationship between climate policy and green innovation in the corporate financialization context.Using Chinese-listed company data from 2008 to 2020,our analysis reveals a favorable correlation between China’s carbon emission trading policy(CCTP)and advancements in green innovation.Furthermore,we find that the level of corporate financialization moderates this correlation,diminishing the driving effect of CCTP on green innovation.Additionally,results of heterogeneity analysis show that this moderating consequence is more evident in non-state owned and low-digitization enterprises compared with state-owned and high-digitization ones.Our findings contribute to the existing literature by clarifying the interaction between CCTP,green innovation,and corporate financialization.Our research provides valuable insights for policymakers and stakeholders seeking to strengthen climate policies and encourages green innovation in different types of businesses.展开更多
In 2018,China implemented the Guidelines on Regulating the Asset Management of Financial Institutions,a financial regulation aimed at restricting enterprises'financial investments through asset management products...In 2018,China implemented the Guidelines on Regulating the Asset Management of Financial Institutions,a financial regulation aimed at restricting enterprises'financial investments through asset management products.This policy sought to curb corporate financialization and potentially impact other corporate activities.Treating this policy as a quasi-experiment,the present study employed a generalized difference-in-differences regression model to examine its effect on corporate research and development(R&D)from the perspective of de-financialization.Using data from Chinese listed companies spanning 2013 to 2022,the key findings are as follows:(i)The policy significantly boosted corporate R&D intensity.Enterprises with higher levels of financialization before the policy experienced a more substantial increase in R&D intensity after its implementation.(ii)Heterogeneity tests reveal that the positive effect of the policy on R&D was more pronounced for firms in high-tech industries,those with greater corporate transparency,and those receiving more government subsidies.(ii)The policy's impact on R&D was driven by the reallocation of resources from financial to real assets,as well as the alleviation of firms'financing constraints.展开更多
This paper empirically investigates the impact of the proportion of female executives on the financialization of enterprises using a sample of listed companies in the Shanghai and Shenzhen stock markets from 2009-2018...This paper empirically investigates the impact of the proportion of female executives on the financialization of enterprises using a sample of listed companies in the Shanghai and Shenzhen stock markets from 2009-2018.Previous studies tend to conclude that female executives are risk averse,preventing firms from participating in high-risk financial investments.However,the results of this paper show that there is a positive relationship between the proportion of female executives and the degree of corporate financialization,with an increase of 1 percent in the proportion of female executives leading to an increase of 3.8 percent in the degree of corporate financialization.Further tests show that gender inequality is a possible mechanism influencing female executives'financial investment preferences in the unique gender culture context of China.This paper expands the research on the impact of non-institutional factors on corporate financialization,and also points out that unilaterally pursuing an increase in the proportion of female executives does not reduce the risk of corporate financialization,and that only an overall increase in the proportion of female executives can reduce the risk of corporate financialization.Improving gender equality at the social level can fundamentally reflect women's risk aversion characteristics and encourage enterprises to make more stable investment decisions.展开更多
This study examines the impact of outward foreign direct investment(OFDI)on Chinese manufacturing firms'financialization and servitization.Using a difference-in-differences approach with propensity score matching,...This study examines the impact of outward foreign direct investment(OFDI)on Chinese manufacturing firms'financialization and servitization.Using a difference-in-differences approach with propensity score matching,we found that OFDI encouraged firms'financial and service activities.The effects of OFDI on financialization were stronger for firms specializing in short-term financial assets,operating in labor and technology-intensive sectors,investing overseas to pursue production,resources and markets there,and investing in non-OECD and Belt and Road Initiative(BRI)countries.Meanwhile,firms investing overseas were more likely to provide services at the sale or postsale stages.Outward foreign direct investment has also boosted the service activities of firms operating in the technology-intensive sector by investing overseas to seek resources and markets,as well as investing in non-OECD and BRI countries.Finally,OFDI partially influenced the extent of financialization and servitization of firms by affecting their profit-making ability.展开更多
The power of social network platforms to amplify the scale,speed,and significance of everyday communication is increasingly weaponized against democracy.Analyses of social networks predominantly focus on design and it...The power of social network platforms to amplify the scale,speed,and significance of everyday communication is increasingly weaponized against democracy.Analyses of social networks predominantly focus on design and its effects on politics.This article shifts the debate to their business model.Built as platform businesses,social networks are privately owned public spaces with structurally limited democratic affordances.Drawing from the history,theory,and practice of land use,I develop an analogy between the financialization of land by commercial real estate development and the financialization of attention by platform businesses.Historical policies,such as incentive zoning and exclusionary zoning,shed light on how platform businesses use systems of measurement and valuation to conflate users’roles,tokenize the incentives that drive behavior,and defer the ethical responsibilities businesses have to the public.While the real estate framing reveals social networks’structural flaws and colonial roots,lessons from urban planning,community land trusts,and Indigenous land stewardship can inform their regulation and reform.Building on the broader effort to embed ethics in the development of technology,I describe possibilities to steward social networks in the public interest.展开更多
BACKGROUND Return to work(RTW)serves as an indication for young and middle-aged colorectal cancer(CRC)survivors to resume their normal social lives.However,these survivors encounter significant challenges during their...BACKGROUND Return to work(RTW)serves as an indication for young and middle-aged colorectal cancer(CRC)survivors to resume their normal social lives.However,these survivors encounter significant challenges during their RTW process.Hence,scientific research is necessary to explore the barriers and facilitating factors of returning to work for young and middle-aged CRC survivors.AIM To examine the current RTW status among young and middle-aged CRC survivors and to analyze the impact of RTW self-efficacy(RTW-SE),fear of progression(FoP),eHealth literacy(eHL),family resilience(FR),and financial toxicity(FT)on their RTW outcomes.METHODS A cross-sectional investigation was adopted in this study.From September 2022 to February 2023,a total of 209 participants were recruited through a convenience sampling method from the gastrointestinal surgery department of a class A tertiary hospital in Chongqing.The investigation utilized a general information questionnaire alongside scales assessing RTW-SE,FoP,eHL,FR,and FT.To analyze the factors that influence RTW outcomes among young and middle-aged CRC survivors,Cox regression modeling and Kaplan-Meier survival analysis were used.RESULTS A total of 43.54%of the participants successfully returned to work,with an average RTW time of 100 days.Cox regression univariate analysis revealed that RTW-SE,FoP,eHL,FR,and FT were significantly different between the non-RTW and RTW groups(P<0.05).Furthermore,Cox regression multivariate analysis identified per capita family monthly income,job type,RTW-SE,and FR as independent influencing factors for RTW(P<0.05).CONCLUSION The RTW rate requires further improvement.Elevated levels of RTW-SE and FR were found to significantly increase RTW among young and middle-aged CRC survivors.Health professionals should focus on modifiable factors,such as RTW-SE and FR,to design targeted RTW support programs,thereby facilitating their timely reintegration into mainstream society.展开更多
Asia Pacific Economic and Management Review is an international,peer-reviewed and open access journal which focuses on theoretical andapplied studies of corporate and financial behavior.Aiming to promotethe research i...Asia Pacific Economic and Management Review is an international,peer-reviewed and open access journal which focuses on theoretical andapplied studies of corporate and financial behavior.Aiming to promotethe research in fields of business economics and management,it coversmainly but not limits to the following areas:accounting and financial management,economics,human resource management and organization-al behavior,information management,international business,strategy and innovation,management science and operations management,marketing and retailing,finance.展开更多
On July 9,the launch conference of World Energy Investment Report 2025 was held at Peking University.This conference was co-hosted by the International Energy Agency(IEA)and the Institute of Energy,Peking University a...On July 9,the launch conference of World Energy Investment Report 2025 was held at Peking University.This conference was co-hosted by the International Energy Agency(IEA)and the Institute of Energy,Peking University and the Energy Foundation.Xu Li,First-level Researcher at the Second Division of International Financial Organizations under the Department of International Financial Cooperation of the Ministry of Finance and direct leader of the Ministry of Finance International Financial Research Expert Workshop,Tim Gould,Chief Energy Economist of the International Energy Agency(IEA),and Mr.Zhang Huiyong,Executive Director of International Cooperation at the Energy Foundation,attended the opening ceremony and delivered speeches.Yang Lei,Associate Dean of the Institute of Energy,Peking University,chaired the press conference.展开更多
This paper examines the role of internal audit and the incorporation of Environmental,Social,and Governance(ESG)factors within the corporate governance frameworks of Greek firms in mitigating their financial risk.Time...This paper examines the role of internal audit and the incorporation of Environmental,Social,and Governance(ESG)factors within the corporate governance frameworks of Greek firms in mitigating their financial risk.Time series econometric analysis was performed to determine the factors that influence financial stability,transparency,and regulatory compliance in Greek Firms.Data were collected from 120 internal auditors and financial professionals employed in organizations across multiple sectors of the Greek economy.In line with existing literature,findings show that robust internal audit and ESG practices are essential in promoting financial stability,transparency,and regulatory compliance.The paper provides empirical evidence that well-structured internal audit mechanisms and effective ESG initiatives reduce financial risks,while enhancing organizational sustainability and resilience.The results emphasize the growing importance of ESG considerations in corporate governance and suggest that improvements in both internal audit systems,as well as robust ESG policies,can strengthen risk management strategies and improve long-term financial performance.While previous research has thoroughly investigated the impact of internal audits on financial stability and the influence of ESG on corporate sustainability,this paper specifically examines their combined effect on financial risk management.Using firm level data across various sectors of the Greek economy,this study provides insights into how internal audit and ESG policies can jointly contribute towards enhancing financial resilience,transparency,and regulatory compliance.展开更多
Asia Pacific Economic and Management Review is an international,peer-reviewed and open access journal which focuses on theoretical andapplied studies of corporate and financial behavior.Aiming to promotethe research i...Asia Pacific Economic and Management Review is an international,peer-reviewed and open access journal which focuses on theoretical andapplied studies of corporate and financial behavior.Aiming to promotethe research in fields of business economics and management,it coversmainly but not limits to the following areas:accounting and financial management,economics,human resource management and organization-al behavior,information management,international business,strategy and innovation,management science and operations management,marketing and retailing,finance.展开更多
This paper aims to investigate the effect of SME’s resources including,financial resources(FRR),financial literacy(FLR),managerial capacities(MCR)and market orientation(MKR)on SME’s sustainable growth(SG)in both fin...This paper aims to investigate the effect of SME’s resources including,financial resources(FRR),financial literacy(FLR),managerial capacities(MCR)and market orientation(MKR)on SME’s sustainable growth(SG)in both financial SG(FSGE)and non-financial SG(NFSGE)terms;and to identify the technological innovation awareness(TIR)mediates the effect of these resources on SGSMEs.Data were collected from 517 SMEs,using survey method and adopted a random sampling technique.Structure Equation Model(SEM)and the Baron,and Kenny(1986)mediation approach,Amos was applied to test hypotheses.The findings revealed the resources contributed 41.9 percent and 32.9 percent of the variance in FSGE and NFSGE,respectively,and confirmed the mediating role of TIR in the relationship between resources and SG.Notably,FRR had an indirect effect on FSGE through TIR,although TIR partially mediated the relationship between FRR and NFSGE,and between FLR and SG,both in FSGE and NFSGE terms.While,TIR fully mediated the relationship between MKR and SG,both in FSGE and NFSGE terms as well.This evidence informs the importance of business resources and competencies.In particular,TIR plays an important role in business operations to enhance and maintain sustainable growth.展开更多
With the continuous growth of China's economy,financial opening to the outside world has become one of the important means to promote economic development.However,with the continuous acceleration of capital flow,t...With the continuous growth of China's economy,financial opening to the outside world has become one of the important means to promote economic development.However,with the continuous acceleration of capital flow,the problem of balance in and out is becoming increasingly prominent.Taking China's financial opening to the outside world as the research object,this paper discusses how China strategically achieves the balance of entry and exit in the field of financial opening to the outside world,and the impact of this balance.Through the quantitative analysis of China's financial opening to the outside world and foreign capital flows,it is found that China needs to strengthen the management of capital items and optimize the structure of capital flows in the process of financial opening to the outside world,to achieve the balance of financial flows in and out.As for the impact of the balance of access and access,the analysis of the impact mechanism shows that the financial opening and access and balance can improve the stability of the financial market,provide sufficient liquidity for the healthy development of the financial market,and alleviate financial risks.Such a strategy is of great practical significance for promoting the sustained and healthy development of China's economy.Therefore,based on the actual situation of China,this paper puts forward some relevant strategy suggestions to guide the practical operation of China's financial opening up.展开更多
This year marks the 35th anniversary of the establishment of diplomatic relations between China and Singapore.Over the past 35 years,bilateral economic and trade cooperation has steadily deepened and produced substant...This year marks the 35th anniversary of the establishment of diplomatic relations between China and Singapore.Over the past 35 years,bilateral economic and trade cooperation has steadily deepened and produced substantial results,providing strong momentum for the economic development of both countries and serving as a model for regional economic collaboration.A globally significant hub for finance,shipping,and trade,Singapore features an advanced financial system,an e#cient logistics network,and extensive international experience.展开更多
This article focuses on financial management issues in mergers and acquisitions(M&A).It provides an indepth analysis of the financial risks and management challenges faced by contemporary businesses during various...This article focuses on financial management issues in mergers and acquisitions(M&A).It provides an indepth analysis of the financial risks and management challenges faced by contemporary businesses during various stages of M&A,such as pre-merger valuation pricing difficulties,unreasonable financing structures,risks in payment method selection,obstacles to financial integration,and lack of risk management.Targeted management strategies are proposed to address these issues.This paper suggests strengthening due diligence and valuation management,optimizing financing structures,rationally selecting payment methods,deepening financial integration,and improving tax planning.These strategies aim to enhance the level of financial management in M&A,promote economic synergies and management effects,help companies quickly achieve M&A goals,and drive sustainable business development.展开更多
Driven by the dual forces of China’s financial powerhouse strategy and advancements in artificial intelligence,digital finance has experienced rapid growth,rendering traditional financial legal regulations inadequate...Driven by the dual forces of China’s financial powerhouse strategy and advancements in artificial intelligence,digital finance has experienced rapid growth,rendering traditional financial legal regulations inadequate to meet its regulatory demands.Key challenges include lagging legislative regulation,limited applicability of the standard regulations,and diminished effectiveness of the supervisory regulations.These challenges stem from the“single-entity”regulatory approach which is inadequate to meet its regulatory needs of mixed operations of digital finance,the misalignment between“static”administrative regulations and the dynamic evolution of financial technology(fintech),and the uneven allocation of regulatory resources,which constrain regulatory precision.To achieve a dynamic balance between the development of digital finance and its regulation,the adoption of inclusive legal regulation is imperative.The technological empowerment theory integrates the principles of finance with the“people-centered”concept and the social good,which thereby safeguards the rights and interests of digital finance consumers.As a pivotal standard for shaping inclusive legal regulation,digital justice should not only uphold fairness in the regulation of processes but also advance the organic integration of scenario-based justice and the principles of Law 3.0.In the future,China should foster multi-stakeholder collaborative governance to ensure the orderly allocation of the regulators’power.This effort should be supported by a comprehensive toolkit of technological regulations,which can dynamically balance incentive regulation with binding regulation while simultaneously enabling the efficient flow of regulatory resources within specific application scenarios.Such strategies would provide a viable pathway toward the goal of achieving inclusive legal regulation in digital finance.展开更多
Taking its advantages as a state-owned financial institution,the Bank of China Shanghai Branch has formulated the action plan for the high-quality development of AI,which includes ten aspects.First,it will invest no l...Taking its advantages as a state-owned financial institution,the Bank of China Shanghai Branch has formulated the action plan for the high-quality development of AI,which includes ten aspects.First,it will invest no less than 100 billion yuan in the next five years to provide strong comprehensive financial support for various entities in Shanghai’s entire AI industry chain.展开更多
In the process of implementing data openness between banks and fin-tech companies,as the breadth and depth of cooperation between banks and enterprises continue to increase,there is a risk of“too much correlation to ...In the process of implementing data openness between banks and fin-tech companies,as the breadth and depth of cooperation between banks and enterprises continue to increase,there is a risk of“too much correlation to fail”and“too many links to fail”.There are problems with the implementation of financial data openness by regulatory agencies for banks and fin-tech enterprises,such as the ambiguity of regulatory responsibilities,the emphasis on financial regulatory goals,and the lag in regulatory methods.To address these issues,it is necessary to clarify the responsibilities of financial regulatory agencies,establish a collaborative mechanism for financial regulation,coordinate the types of risks in bank enterprise cooperation,achieve the technical implementation of financial regulatory measures and the design of regulatory systems,obtain regulatory data in real time,establish a hierarchical regulatory system for bank enterprise cooperation to improve the regulatory path,and ensure the rational and legal use of financial data in bank enterprise cooperation.展开更多
Continuously increasing inflation is a major challenge in presenting reliable and relevant financial reports,especially in developing countries like Indonesia.This study aims to analyze the role of inflation accountin...Continuously increasing inflation is a major challenge in presenting reliable and relevant financial reports,especially in developing countries like Indonesia.This study aims to analyze the role of inflation accounting in increasing the reliability of financial reports during times of high inflation.With a qualitative-descriptive approach,this research examines two main methods in inflation accounting,namely General Price Level Accounting(GPLA)and Current Cost Accounting(CCA),and their impact on the value of assets,liabilities,income,and costs.The analysis results show that historical cost-based financial reports do not reflect actual economic conditions during inflation,so they can be misleading in decision making.The application of inflation accounting,through adjustments to purchasing power and current prices,has been proven to be able to increase the relevance and reliability of financial information.However,limitations in implementation in Indonesia are due to the lack of regulations and practical understanding regarding this method.Therefore,the application of inflation accounting is important in supporting the quality of financial reports and more accurate decision making amidst economic instability.展开更多
When the G20 was created in 1999 in the wake of the Asian financial crisis,few imagined it would one day become the nerve centre of global governance.Twenty-six years later,the G20 members,which represent 85 percent o...When the G20 was created in 1999 in the wake of the Asian financial crisis,few imagined it would one day become the nerve centre of global governance.Twenty-six years later,the G20 members,which represent 85 percent of the global GDP and two-thirds of the world population,are once again navigating a turbulent era marked by geopolitical rivalry,economic fragmentation and widening inequality.展开更多
基金support was obtained from the Fundamental Research Funds for the Central Universities[Grant No.JBK2307090].
文摘With intensifying global climate change,humanity is confronted with unparalleled environmental challenges and risks.This study employs the staggered difference-in-difference model to examine the relationship between climate policy and green innovation in the corporate financialization context.Using Chinese-listed company data from 2008 to 2020,our analysis reveals a favorable correlation between China’s carbon emission trading policy(CCTP)and advancements in green innovation.Furthermore,we find that the level of corporate financialization moderates this correlation,diminishing the driving effect of CCTP on green innovation.Additionally,results of heterogeneity analysis show that this moderating consequence is more evident in non-state owned and low-digitization enterprises compared with state-owned and high-digitization ones.Our findings contribute to the existing literature by clarifying the interaction between CCTP,green innovation,and corporate financialization.Our research provides valuable insights for policymakers and stakeholders seeking to strengthen climate policies and encourages green innovation in different types of businesses.
文摘In 2018,China implemented the Guidelines on Regulating the Asset Management of Financial Institutions,a financial regulation aimed at restricting enterprises'financial investments through asset management products.This policy sought to curb corporate financialization and potentially impact other corporate activities.Treating this policy as a quasi-experiment,the present study employed a generalized difference-in-differences regression model to examine its effect on corporate research and development(R&D)from the perspective of de-financialization.Using data from Chinese listed companies spanning 2013 to 2022,the key findings are as follows:(i)The policy significantly boosted corporate R&D intensity.Enterprises with higher levels of financialization before the policy experienced a more substantial increase in R&D intensity after its implementation.(ii)Heterogeneity tests reveal that the positive effect of the policy on R&D was more pronounced for firms in high-tech industries,those with greater corporate transparency,and those receiving more government subsidies.(ii)The policy's impact on R&D was driven by the reallocation of resources from financial to real assets,as well as the alleviation of firms'financing constraints.
基金the Major Program of the National Social Science Fund of China“Study on Building a Community of a Shared Future between China and ASEAN in the Context of Accelerated Evolution of the Great Changes”(23&ZD333)The Bagui Scholars Program of Guangxi Zhuang Autonomous Region China-ASEAN Big Data Research"(2019A39).
文摘This paper empirically investigates the impact of the proportion of female executives on the financialization of enterprises using a sample of listed companies in the Shanghai and Shenzhen stock markets from 2009-2018.Previous studies tend to conclude that female executives are risk averse,preventing firms from participating in high-risk financial investments.However,the results of this paper show that there is a positive relationship between the proportion of female executives and the degree of corporate financialization,with an increase of 1 percent in the proportion of female executives leading to an increase of 3.8 percent in the degree of corporate financialization.Further tests show that gender inequality is a possible mechanism influencing female executives'financial investment preferences in the unique gender culture context of China.This paper expands the research on the impact of non-institutional factors on corporate financialization,and also points out that unilaterally pursuing an increase in the proportion of female executives does not reduce the risk of corporate financialization,and that only an overall increase in the proportion of female executives can reduce the risk of corporate financialization.Improving gender equality at the social level can fundamentally reflect women's risk aversion characteristics and encourage enterprises to make more stable investment decisions.
基金supported financially by the National Social Science Foundation of China(No.19CJY049)the National Natural Science Foundation of China(Nos.72173052,71803058,71873050)the Fundamental Research Funds from the Central Universities of China(No.2662022JGYJY02)。
文摘This study examines the impact of outward foreign direct investment(OFDI)on Chinese manufacturing firms'financialization and servitization.Using a difference-in-differences approach with propensity score matching,we found that OFDI encouraged firms'financial and service activities.The effects of OFDI on financialization were stronger for firms specializing in short-term financial assets,operating in labor and technology-intensive sectors,investing overseas to pursue production,resources and markets there,and investing in non-OECD and Belt and Road Initiative(BRI)countries.Meanwhile,firms investing overseas were more likely to provide services at the sale or postsale stages.Outward foreign direct investment has also boosted the service activities of firms operating in the technology-intensive sector by investing overseas to seek resources and markets,as well as investing in non-OECD and BRI countries.Finally,OFDI partially influenced the extent of financialization and servitization of firms by affecting their profit-making ability.
文摘The power of social network platforms to amplify the scale,speed,and significance of everyday communication is increasingly weaponized against democracy.Analyses of social networks predominantly focus on design and its effects on politics.This article shifts the debate to their business model.Built as platform businesses,social networks are privately owned public spaces with structurally limited democratic affordances.Drawing from the history,theory,and practice of land use,I develop an analogy between the financialization of land by commercial real estate development and the financialization of attention by platform businesses.Historical policies,such as incentive zoning and exclusionary zoning,shed light on how platform businesses use systems of measurement and valuation to conflate users’roles,tokenize the incentives that drive behavior,and defer the ethical responsibilities businesses have to the public.While the real estate framing reveals social networks’structural flaws and colonial roots,lessons from urban planning,community land trusts,and Indigenous land stewardship can inform their regulation and reform.Building on the broader effort to embed ethics in the development of technology,I describe possibilities to steward social networks in the public interest.
基金Supported by the Chongqing Medical University Program for Youth Innovation in Future Medicine,No.W0019Chongqing Municipal Education Commission’s 14th Five-Year Key Discipline Support Project,No.20240101 and No.20240102。
文摘BACKGROUND Return to work(RTW)serves as an indication for young and middle-aged colorectal cancer(CRC)survivors to resume their normal social lives.However,these survivors encounter significant challenges during their RTW process.Hence,scientific research is necessary to explore the barriers and facilitating factors of returning to work for young and middle-aged CRC survivors.AIM To examine the current RTW status among young and middle-aged CRC survivors and to analyze the impact of RTW self-efficacy(RTW-SE),fear of progression(FoP),eHealth literacy(eHL),family resilience(FR),and financial toxicity(FT)on their RTW outcomes.METHODS A cross-sectional investigation was adopted in this study.From September 2022 to February 2023,a total of 209 participants were recruited through a convenience sampling method from the gastrointestinal surgery department of a class A tertiary hospital in Chongqing.The investigation utilized a general information questionnaire alongside scales assessing RTW-SE,FoP,eHL,FR,and FT.To analyze the factors that influence RTW outcomes among young and middle-aged CRC survivors,Cox regression modeling and Kaplan-Meier survival analysis were used.RESULTS A total of 43.54%of the participants successfully returned to work,with an average RTW time of 100 days.Cox regression univariate analysis revealed that RTW-SE,FoP,eHL,FR,and FT were significantly different between the non-RTW and RTW groups(P<0.05).Furthermore,Cox regression multivariate analysis identified per capita family monthly income,job type,RTW-SE,and FR as independent influencing factors for RTW(P<0.05).CONCLUSION The RTW rate requires further improvement.Elevated levels of RTW-SE and FR were found to significantly increase RTW among young and middle-aged CRC survivors.Health professionals should focus on modifiable factors,such as RTW-SE and FR,to design targeted RTW support programs,thereby facilitating their timely reintegration into mainstream society.
文摘Asia Pacific Economic and Management Review is an international,peer-reviewed and open access journal which focuses on theoretical andapplied studies of corporate and financial behavior.Aiming to promotethe research in fields of business economics and management,it coversmainly but not limits to the following areas:accounting and financial management,economics,human resource management and organization-al behavior,information management,international business,strategy and innovation,management science and operations management,marketing and retailing,finance.
文摘On July 9,the launch conference of World Energy Investment Report 2025 was held at Peking University.This conference was co-hosted by the International Energy Agency(IEA)and the Institute of Energy,Peking University and the Energy Foundation.Xu Li,First-level Researcher at the Second Division of International Financial Organizations under the Department of International Financial Cooperation of the Ministry of Finance and direct leader of the Ministry of Finance International Financial Research Expert Workshop,Tim Gould,Chief Energy Economist of the International Energy Agency(IEA),and Mr.Zhang Huiyong,Executive Director of International Cooperation at the Energy Foundation,attended the opening ceremony and delivered speeches.Yang Lei,Associate Dean of the Institute of Energy,Peking University,chaired the press conference.
文摘This paper examines the role of internal audit and the incorporation of Environmental,Social,and Governance(ESG)factors within the corporate governance frameworks of Greek firms in mitigating their financial risk.Time series econometric analysis was performed to determine the factors that influence financial stability,transparency,and regulatory compliance in Greek Firms.Data were collected from 120 internal auditors and financial professionals employed in organizations across multiple sectors of the Greek economy.In line with existing literature,findings show that robust internal audit and ESG practices are essential in promoting financial stability,transparency,and regulatory compliance.The paper provides empirical evidence that well-structured internal audit mechanisms and effective ESG initiatives reduce financial risks,while enhancing organizational sustainability and resilience.The results emphasize the growing importance of ESG considerations in corporate governance and suggest that improvements in both internal audit systems,as well as robust ESG policies,can strengthen risk management strategies and improve long-term financial performance.While previous research has thoroughly investigated the impact of internal audits on financial stability and the influence of ESG on corporate sustainability,this paper specifically examines their combined effect on financial risk management.Using firm level data across various sectors of the Greek economy,this study provides insights into how internal audit and ESG policies can jointly contribute towards enhancing financial resilience,transparency,and regulatory compliance.
文摘Asia Pacific Economic and Management Review is an international,peer-reviewed and open access journal which focuses on theoretical andapplied studies of corporate and financial behavior.Aiming to promotethe research in fields of business economics and management,it coversmainly but not limits to the following areas:accounting and financial management,economics,human resource management and organization-al behavior,information management,international business,strategy and innovation,management science and operations management,marketing and retailing,finance.
文摘This paper aims to investigate the effect of SME’s resources including,financial resources(FRR),financial literacy(FLR),managerial capacities(MCR)and market orientation(MKR)on SME’s sustainable growth(SG)in both financial SG(FSGE)and non-financial SG(NFSGE)terms;and to identify the technological innovation awareness(TIR)mediates the effect of these resources on SGSMEs.Data were collected from 517 SMEs,using survey method and adopted a random sampling technique.Structure Equation Model(SEM)and the Baron,and Kenny(1986)mediation approach,Amos was applied to test hypotheses.The findings revealed the resources contributed 41.9 percent and 32.9 percent of the variance in FSGE and NFSGE,respectively,and confirmed the mediating role of TIR in the relationship between resources and SG.Notably,FRR had an indirect effect on FSGE through TIR,although TIR partially mediated the relationship between FRR and NFSGE,and between FLR and SG,both in FSGE and NFSGE terms.While,TIR fully mediated the relationship between MKR and SG,both in FSGE and NFSGE terms as well.This evidence informs the importance of business resources and competencies.In particular,TIR plays an important role in business operations to enhance and maintain sustainable growth.
文摘With the continuous growth of China's economy,financial opening to the outside world has become one of the important means to promote economic development.However,with the continuous acceleration of capital flow,the problem of balance in and out is becoming increasingly prominent.Taking China's financial opening to the outside world as the research object,this paper discusses how China strategically achieves the balance of entry and exit in the field of financial opening to the outside world,and the impact of this balance.Through the quantitative analysis of China's financial opening to the outside world and foreign capital flows,it is found that China needs to strengthen the management of capital items and optimize the structure of capital flows in the process of financial opening to the outside world,to achieve the balance of financial flows in and out.As for the impact of the balance of access and access,the analysis of the impact mechanism shows that the financial opening and access and balance can improve the stability of the financial market,provide sufficient liquidity for the healthy development of the financial market,and alleviate financial risks.Such a strategy is of great practical significance for promoting the sustained and healthy development of China's economy.Therefore,based on the actual situation of China,this paper puts forward some relevant strategy suggestions to guide the practical operation of China's financial opening up.
基金,supported by the Beijing Municipal Social Science Foundation(grant 24SRC024).
文摘This year marks the 35th anniversary of the establishment of diplomatic relations between China and Singapore.Over the past 35 years,bilateral economic and trade cooperation has steadily deepened and produced substantial results,providing strong momentum for the economic development of both countries and serving as a model for regional economic collaboration.A globally significant hub for finance,shipping,and trade,Singapore features an advanced financial system,an e#cient logistics network,and extensive international experience.
文摘This article focuses on financial management issues in mergers and acquisitions(M&A).It provides an indepth analysis of the financial risks and management challenges faced by contemporary businesses during various stages of M&A,such as pre-merger valuation pricing difficulties,unreasonable financing structures,risks in payment method selection,obstacles to financial integration,and lack of risk management.Targeted management strategies are proposed to address these issues.This paper suggests strengthening due diligence and valuation management,optimizing financing structures,rationally selecting payment methods,deepening financial integration,and improving tax planning.These strategies aim to enhance the level of financial management in M&A,promote economic synergies and management effects,help companies quickly achieve M&A goals,and drive sustainable business development.
基金funded by a general project of the National Social Science Fund of China“Research on the Construction of the Implementation Mechanism of the Paris Agreement under the Concept of a Community with a Shared Future for Mankind(Project No.:20BFX210)”a Humanities and Social Sciences Special Project of the Fundamental Research Funds for the Central Universities“Research on Legal Issues and Countermeasures for Promoting High-Quality Green Development in the Belt and Road Region”(Project No.:2022CD-JSKPY28).
文摘Driven by the dual forces of China’s financial powerhouse strategy and advancements in artificial intelligence,digital finance has experienced rapid growth,rendering traditional financial legal regulations inadequate to meet its regulatory demands.Key challenges include lagging legislative regulation,limited applicability of the standard regulations,and diminished effectiveness of the supervisory regulations.These challenges stem from the“single-entity”regulatory approach which is inadequate to meet its regulatory needs of mixed operations of digital finance,the misalignment between“static”administrative regulations and the dynamic evolution of financial technology(fintech),and the uneven allocation of regulatory resources,which constrain regulatory precision.To achieve a dynamic balance between the development of digital finance and its regulation,the adoption of inclusive legal regulation is imperative.The technological empowerment theory integrates the principles of finance with the“people-centered”concept and the social good,which thereby safeguards the rights and interests of digital finance consumers.As a pivotal standard for shaping inclusive legal regulation,digital justice should not only uphold fairness in the regulation of processes but also advance the organic integration of scenario-based justice and the principles of Law 3.0.In the future,China should foster multi-stakeholder collaborative governance to ensure the orderly allocation of the regulators’power.This effort should be supported by a comprehensive toolkit of technological regulations,which can dynamically balance incentive regulation with binding regulation while simultaneously enabling the efficient flow of regulatory resources within specific application scenarios.Such strategies would provide a viable pathway toward the goal of achieving inclusive legal regulation in digital finance.
文摘Taking its advantages as a state-owned financial institution,the Bank of China Shanghai Branch has formulated the action plan for the high-quality development of AI,which includes ten aspects.First,it will invest no less than 100 billion yuan in the next five years to provide strong comprehensive financial support for various entities in Shanghai’s entire AI industry chain.
文摘In the process of implementing data openness between banks and fin-tech companies,as the breadth and depth of cooperation between banks and enterprises continue to increase,there is a risk of“too much correlation to fail”and“too many links to fail”.There are problems with the implementation of financial data openness by regulatory agencies for banks and fin-tech enterprises,such as the ambiguity of regulatory responsibilities,the emphasis on financial regulatory goals,and the lag in regulatory methods.To address these issues,it is necessary to clarify the responsibilities of financial regulatory agencies,establish a collaborative mechanism for financial regulation,coordinate the types of risks in bank enterprise cooperation,achieve the technical implementation of financial regulatory measures and the design of regulatory systems,obtain regulatory data in real time,establish a hierarchical regulatory system for bank enterprise cooperation to improve the regulatory path,and ensure the rational and legal use of financial data in bank enterprise cooperation.
文摘Continuously increasing inflation is a major challenge in presenting reliable and relevant financial reports,especially in developing countries like Indonesia.This study aims to analyze the role of inflation accounting in increasing the reliability of financial reports during times of high inflation.With a qualitative-descriptive approach,this research examines two main methods in inflation accounting,namely General Price Level Accounting(GPLA)and Current Cost Accounting(CCA),and their impact on the value of assets,liabilities,income,and costs.The analysis results show that historical cost-based financial reports do not reflect actual economic conditions during inflation,so they can be misleading in decision making.The application of inflation accounting,through adjustments to purchasing power and current prices,has been proven to be able to increase the relevance and reliability of financial information.However,limitations in implementation in Indonesia are due to the lack of regulations and practical understanding regarding this method.Therefore,the application of inflation accounting is important in supporting the quality of financial reports and more accurate decision making amidst economic instability.
文摘When the G20 was created in 1999 in the wake of the Asian financial crisis,few imagined it would one day become the nerve centre of global governance.Twenty-six years later,the G20 members,which represent 85 percent of the global GDP and two-thirds of the world population,are once again navigating a turbulent era marked by geopolitical rivalry,economic fragmentation and widening inequality.
