Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024)

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67 articles
Proceedings Article

Peer-Review Statements

Junfeng Liao, Hongbo Li, Edward H. K. Ng
All of the articles in this proceedings volume have been presented at the 2nd International Conference on Digital Economy and Management Science (CDEMS 2024) during April 26-28, 2024 in Wuhan, China. These articles have been peer reviewed by the members of the Scientific Committees and reviewers and...
Proceedings Article

Study on the impact of U.S. deindustrialization on china’s economy based on a vector autoregressive model

Xinpeng Cai, Mingze Sun
While economic structures of China and the United States are constantly changing, trade relations are also moving from complementarity to competition. China’s economic growth poses a threat to the United States. And the United States curbs China’s development through economic means, leading to increased...
Proceedings Article

Application of Multiple Linear Regression with Regularization on Boston Housing Datasets

Yuanwei Ding, Hexing Zhou, Chak Hoi Huang, Haoxiang Zhang
This paper first introduces the principle of multi-objective linear regression, and studies the Boston housing price data set with regularized multiple linear regression. Then this paper combines the knowledge of machine learning to build a prediction model. In the final forecast of the Boston house...
Proceedings Article

Research on Optimization of Taobao Product Sales Forecast Based on ARIMA model

Chengyang Li
Accurate sales forecast is of great guiding significance for online e-commerce. First of all, merchants can make corresponding marketing strategies and inventory plans in advance according to the predicted sales volume of goods, so as to meet the needs of consumers and achieve profits, while avoiding...
Proceedings Article

Research on the Characteristics and Evolution of Digital Economic Policy Topics Based on BERTopic Model

Ye Li, Cunyang Zhang, Linfang Zhao
The digital economy is an important engine for building a digital China and a modern economic system, and digital economic policies are an important guarantee for the high-quality development of the digital economy. This article collects 794 digital economy policies at the national and provincial levels...
Proceedings Article

Research on Medical Equipment Industry Based on Fama-French Five Factor Model

Junhan Liu, Nuocheng Wang, Haowen Yao
The Covid-19 outbreak since 2019 has affected various industries in the United States to varying degrees. While many industries have stagnated, others have been stimulated. This paper focuses on the stock market of medical equipment to explore the impact of the epidemic on the U.S. healthcare field....
Proceedings Article

Value Assessment of Data Assetization Based on Value Creation Theory

Wanting Yin, Yixin Sun
Data asset value assessment is the foundation of modern data asset management and operation as well as data circulation. Based on the theory of value creation, the thesis constructs a data asset value assessment model based on the theory of value creation, considering the factors of data development...
Proceedings Article

CEOs’ Green Innovation Awareness in Manufacturing Companies: Enhancing Environmental Performance through Supply Chain Integration

Suyang Liu
This article primarily investigates the impact of CEOs’ green innovation awareness on corporate environmental performance, introducing green supply chain integration as an intermediary variable and green innovation and green innovation protection as moderating variables. Drawing on 500 questionnaire...
Proceedings Article

Unleashing NFT Liquidity with DeFi Current State of NFTFi Translation

Tianyi Zhang
Non-fungible tokens (NFTs) and decentralized finance (DeFi) have emerged as emerging technologies in the blockchain and crypto space, particularly influencing the art sector and driving the transformation of finance and art into the digital realm. However, the NFT market, after a short-lived boom, faces...
Proceedings Article

From the Perspective of the Labor Market, the Opportunities and Challenges Brought by the New Generation of Artificial Intelligence Technologies Such as ChatGPT are Analyzed

Mei Yang, Jun Liu
The development of the new generation of artificial intelligence is sweeping across the world, and its impact on the labor market is becoming increasingly significant. The impact of the development of artificial intelligence on the labor market is different from other technological shocks, and its substitution...
Proceedings Article

Navigating the ESG Landscape: An In-depth SWOT Analysis and Strategic Recommendations for Tesla’s Sustainable Growth

Yilin Yan
This article provides an in-depth analysis of Tesla’s strategic positioning as a leader in the electric vehicle and renewable energy industries. A comprehensive analysis of Tesla’s sustainable growth was conducted through SWOT analysis (strengths, weaknesses, opportunities, and threats). The research...
Proceedings Article

Digital Transformation and Corporate Risk-taking from the Perspective of Resilience

Pengcheng Wang, Shuo Ma, Songqiang Wu
Promoting the enterprise digital transformation is a key measure for enterprises to deal with the impact of external risks, improving the resilience and safety level of enterprises has become an eager concern of all circles. From the perspective of enterprise resilience, we regarded the “digital China”...
Proceedings Article

The Impact of Banking Fintech on Systemic Risk

A Risk Attribution Decomposition Based Perspective

Tongyang Chen
The development of fintech has brought profound changes to the banking industry, and there is a general concern about the degree of fintech empowerment for commercial banks. This paper constructs an indicator of the degree of bank fintech use and examines the impact of fintech use on commercial bank...
Proceedings Article

Research on The Mechanisms by How Digitalization Drives Corporate Innovation

Yi Zhang, Xinhui Wu, Jingyi Guo
With the development of digital economy, enterprises nowadays have laid out digital transformation. This study adopts a quantitative research method to analyze the questionnaire data of 159 enterprises using structural equation modeling. The results shows that digitization acts on enterprise innovation...
Proceedings Article

The Effect of Targeted Advertising on Users’ Advertising Attitudes - Moderating Role Based on Product Involvement

Xiaolin Li, Weichun Xue, Qianwei Xiao
With the rise of e-commerce, advertisement intelligent recommendation is gradually widely used, they provide users with personalized advertisement recommendation based on their platform behavior data, but there is a controversy about the boundary conditions of AI advertisement recommendation. In this...
Proceedings Article

Identification and Management of Price Bubbles in Chinese Soybean Futures

Yu Zhao, Zhiming Wu, Juntao Zhang
Utilizing daily data from 2019 to 2022, the GSADF method was employed to test the price volatility in the soybean futures market and Granger causality test was employed to analyze the internal relationship of price bubbles among them. The results indicate the presence of price bubbles in all four product...
Proceedings Article

The Concept and Logical Framework of Digital Scenario Innovation

Shu Liu, Fangqi Dong, Mian Wang, Boya Shang
As the entry point and landing point of integrating digital technology and real economy, digital scenario has been widely noticed and utilized, but the problems of inconsistent elemental concepts and unclear innovation logic widely exist in enterprise practice, which hinder the development of digital...
Proceedings Article

Digital Scenario Innovation Drives Enterprise Digital Transformation

Shu Liu, Fangqi Dong, Boya Shang, Mian Wang
As a value carrier and landing carrier for enterprise digital transformation, digital scenarios have become an important driving force for transformation, but their driving logic has not been clearly defined, which limits the role of digital scenarios. This article combines the basic framework of enterprise...
Proceedings Article

Seven Steps to Digital Scenario Innovation

Shu Liu, Fangqi Dong, Mian Wang, Boya Shang
As an important driving force for the digital transformation of enterprises, digital scenarios have become the main fronts for innovation and change among enterprises. However, the lack of innovative guidance methods in corporate practices has constrained the scope and degree of scenario innovation....
Proceedings Article

The Exploration of Finance Contributing to High-Quality Regional Economic Development

-- A Case Study of Hubei, China

Jingyi Huang
Under the background of regional economic integration, the agglomeration effect of financial industry is increasingly obvious. Promoting the coordinated development of regional finance is of great significance to improving the quality of economic development. This report takes Hubei Province, China as...
Proceedings Article

Service Improvement Analysis Based on User Feedback Evaluations

--Taking Shared Motorcycle User Feedback Data as an Example

Jichen Wang, Shirui Wang, Yue Sun
With the rise of new environmentally friendly travel modes, shared motorcycles are favored by more and more citizens, but they also often have many problems such as indiscriminate parking, inaccessibility, operational errors and so on, Therefore, the quality of the service needs to be improved. In the...
Proceedings Article

The Influence of Economic Policy Uncertainty and Geopolitical Risk on China’s Financial Market

Wanting Liu
Since the global economic crisis in 2008, the world economic, financial and trade exchanges have become more and more close, gradually forming financial integration. However, such integration can lead to risks in one financial market being transmitted and spread quickly to other financial markets. In...
Proceedings Article

Boosting Sales and Trust: An Empirical Study on Facebook Shop

Razafimanantsoa Harisoa
Social media metrics have emerged as vital tools for small businesses operating within the Facebook Shop market, aiding in the enhancement of sales performance and consumer trust. This study endeavors to investigate the impact of Facebook metrics on SME sales performance and consumer trust. Employing...
Proceedings Article

Environmental Uncertainty, Financial Investment and Corporate Innovation

Jiamin Lei, Rong Men
Innovation is the core driving force for national development. However, with the increasingly prominent issue of corporate financialization in recent years, especially after the US financial crisis, the corporate innovation system is more open than universities and research institutions and more sensitive...
Proceedings Article

Strategic Rotation of Major Asset Classes in Accordance with Macroeconomic Trends: A Study Based on the Chinese Financial Market

Jingru Liu
This study delves into the strategic ramifications of macroeconomic policies on the asset portfolios of key categories, employing a dataset that encompasses economic indicators such as the PMI, PPI, CPI, WTI, and IVA spanning from 2009 to 2019. The research aims to discern the trajectory of economic...
Proceedings Article

A Quality Management System Model Based on Quality Information Technology Integration

Feng Jin
The article first provides a brief overview of the quality management system model, and then analyzes the information integration and resource models of the quality management system based on quality information technology integration, providing a certain reference for enterprises to build quality management...
Proceedings Article

Under the New Development Pattern Basic Level Government Digitization Governs the Important Significance and the Consummation Path

Yubing Yan
This paper focuses on the “Modernization of the national governance system and governance capacity”, which was put forward by General Secretary Xi this year, based on the theory of grass-roots governance and the background of big data, this paper analyzes and summarizes the current digital and intelligent...
Proceedings Article

The Restrictive Factors and Solution of Implementing the Policy of “Internet + Nursing Services” Based on the Analysis of Smith Policy Implementation Process Model

Jiajia Zheng
Guided by the theoretical framework of the Smith model, this paper analyze the four dimensions of idealized policies, implementing agencies, target groups and environmental factors, and finds that the implementation of the “Internet + Nursing Services” policy faces the restrictions of the policy itself,...
Proceedings Article

Based on the ChatGPT-Like Large Language Model Analyze the Digital Governance and Construction of Digital Government in China

Anqi Zhang
The ChatGPT-like large language model plays a crucial role in advancing the development of digital governance in our country. By integrating models like ChatGPT into government governance, intelligent, efficient, and citizen-friendly government services can be achieved. In the advancement of digital...
Proceedings Article

Empowering Rural Revitalization in China through Digital Innovation: Strategies, Impact, and Future Directions

Cheng He, Guoluan Chen, Yidan Chen
This study examines the impact of digital innovation on rural revitalization in China, focusing on the deployment of AI, Big Data, and IoT technologies to address challenges in education, healthcare, and economic opportunities in rural areas. Despite significant improvements in agricultural efficiency,...
Proceedings Article

The Impact of Information Consumption on Urban Entrepreneurial Activity - A Quasi-natural Experiment from the Pilot Policy of National Information Consumption City

Yiming Chi, Weiqi Ren, Zhimeng Feng
China’s information consumption has become one of the consumption fields with rapid growth, active innovation and entrepreneurship, and wide coverage. Based on the panel data of 268 prefecture-level cities in China from 2010 to 2021, this paper constructs a multi-period difference-in-difference model...
Proceedings Article

Temperature Word: Green Consumption Booster

KaiYu Mi, JiaYi Liu, ShuQi Li, XiaoMing Luo, Yang Zhou
With the intensification of the contradiction between environmental protection and economic development in China, people pay more and more attention to green economy. Among them, green consumption, as a key force to promote the development of green economy, has aroused extensive discussion in academic...
Proceedings Article

Government Digital subsidies, Digital Innovation and High-quality Enterprise Development

Wenqian Cao, Shuo Ma, Pengcheng Wang, Songqiang Wu
In the context of digital economy, the government promotes the digital transformation of enterprises by providing special subsidies, so as to empower the high-quality development of enterprises. Based on the data of listed enterprises related to the digital economy from 2001 to 2021, this paper innovatively...
Proceedings Article

Can Digital Transformation Promote the Enhancement of Corporate Value?

Li Xu, Songqiang Wu
In the era of the digital economy, digital transformation has become an inevitable choice for enterprises to adapt to new environments, address new challenges, and seize new opportunities. Empowering enterprises with digital technologies have become a typical feature of technological revolution. How...
Proceedings Article

Research on the Path and Strategy for Integrated Development of Rural Revitalization and Healthcare

Zhidong Zhang, Lingxi Zhang, Xingchen Tang, Xinjie Fang, Qianhan Wang
With the rapid development of China’s socio-economy, the rural revitalization strategy has become an essential component of national development. However, the distribution of health and medical resources in rural areas is significantly insufficient, severely affecting the health level and quality of...
Proceedings Article

Cryptocurrencies and Their Impact on Financial Systems

Xinren Mao
Cryptocurrencies have emerged as a novel force in the financial landscape, challenging traditional systems with their decentralized nature and blockchain technology. This essay explores the dynamic landscape of cryptocurrencies and anticipates their future implications on financial systems. It further...
Proceedings Article

Mechanism Analysis of Digital Economy on Industrial Structure Upgrading

Haixia Wang
China’s advancement in the economic realm has ushered in a fresh era, wherein the transformation and upgrading of its industrial structure stand as the sole pathway to attaining high-caliber economic progress. The digital economy has become the main driver to promote economic development and optimize...
Proceedings Article

Predicting Employee Turnover in High-Tech Enterprises Using Machine Learning: Based on the Psychological Contract Perspective

Yiting Zhang, Ziling Cai, Hongyang Fei
High-tech enterprises are boosting technological innovation and economic growth in countries worldwide. Compared with general enterprises, high-tech enterprises are characterized by technology-intensive and high employee turnover rates, relying more on human capital, especially researchers with core...
Proceedings Article

The Impact of Corporate Financialization Deviation on Corporate Financial Stability

Jinlin Tan
Against the backdrop of a cooling real economy, the financialization tendency of non-financial enterprises has been growing. It is of great significance for maintaining the healthy and stable development of enterprises to reasonably define the appropriate level of corporate financialization and guide...
Proceedings Article

Study of the Implications of Japan’s Nuclear Wastewater Discharges on Consumer Behavior

Bojing Wang
On 13 January 2023, the Japanese government officially announced plans to release Fukushima nuclear wastewater into the Pacific Ocean. The decision has sparked widespread controversy and skepticism, with responses and initiatives varying from country to country depending on national positions and policy...
Proceedings Article

Factors Influencing of Consumer Purchasing Intention on Network Broadcast

Liu Liuyan, Tatchapong Sattabut, Nusanee Meekaewkunchorn, Chaiyawit Muangmee
The purpose of this study is to explore the factors that affect the purchase intention of network broadcast consumers, and discuss the impact of these factors on consumers in Guangxi, the influence of situational factors (information quality, human interaction, transaction quantity) and marketing stimulus...
Proceedings Article

The Influence of the Digital Economy on the High-Quality Development of the City

Jianwen Wang
The digital economy has emerged as a new economic era following agricultural and industrial economies due to the continuous development of communication technology. Scholars have also paid attention to the high-quality development of cities brought by the digital economy. This article explores the direct...
Proceedings Article

The impact of age-inclusive human resource management on job crafting

Xinyu Xu, Songbing Weng, Hui Li
The aging of the population and the implementation of the delayed retirement policy have all made the market labor force structure aging. Effectively motivating older employees and fully developing and managing elderly human resources have become one of the problems that enterprises need to solve urgently....
Proceedings Article

Research and Development Manipulation and Financing Constraints: Based on Empirical Evidence of Science and Technology Innovation Board Company

Jia Heng, Ruixi Chen, Yiting Zhao, Xiaoteng Niu
In order to speed up the implementation of innovation-driven development, Shanghai Stock Exchange set up Science and Technology Innovation Board to serve the scientific and technological innovative enterprises with certain potential. Science and Technology Innovation Board reduces the requirement of...
Proceedings Article

The Impact of Executive Incentive on Enterprise Green Innovation Under the Background of Digital Transformation

Yuchi Pan, Guiqing Li
In the digital economy, green innovation is an important driver for low-carbon transformation and sustainable development of enterprises, and executive incentives have a significant impact on corporate innovation. The findings suggest that short-term monetary incentives inhibit green innovation, while...
Proceedings Article

Scientific Econometric Analysis of Blockchain in Digital Economy and Transactions

Chung-Lien Pan, Yuqi Qiu, Peilin Chen, Jiawen Yuan
With the progress of science and technology, the economy and transactions are also undergoing digital transformation. As an important technology, blockchain technology has a huge impact on the digital transformation of the economy and transactions. This article discusses the digital economy and transactions...
Proceedings Article

Optimization of Performance Evaluation System based on Economic Value Added and Balanced Scorecard

-An Example of SS Company

Yuqing He
A performance evaluation system is an important guarantee for a company to realize its strategic objectives. SS Company is specialized in lithium battery anode material, whose performance evaluation indexes cannot well reflect the company’s strategic objects. Based on strategic objects, and industry...
Proceedings Article

Think Twice Before Plugging Variables into Model

Xing You Li
With the development of artificial intelligence, an increasing number of AI models are being applied in the financial sector. The Long Short-Term Memory (LSTM) model, as an AI model for processing time-series data, has achieved promising results in the investment field. Currently, many studies use LSTM...
Proceedings Article

Heterogeneous Material Order Job Scheduling Problem in Additive Manufacturing

Jingwen Guan, Xiuli Wang
To enhance the efficiency of additive manufacturing production, this paper establishes a Mixed Integer Linear Programming (MILP) model with the objective of minimizing the maximum completion time in an equivalent parallel additive manufacturing machine environment. The problem is tackled using a particle...
Proceedings Article

Study on the Realization Path of the Incentive Effect of Tax Preferences on Micro and Small Enterprises in the Post-Epidemic Era

Yuxi Lu
In the post epidemic era, small and micro enterprises, as an important force for economic development, their survival and development play a key role in stabilizing employment, promoting innovation and enhancing economic vitality. Taking Anhui Province as an example, this paper discusses in depth the...
Proceedings Article

Overcoming Extreme Weather: The Insurance Industry’s Road to Recovery

Kexin Wang
In recent years, there has been an increase in extreme weather events globally, posing challenges to the economy and the property insurance industry. The property-casualty insurance industry needs to adapt to enhance its underwriting capacity and service levels to cope with climate change risks. In order...
Proceedings Article

Research on the Spillover Effect of Tourism Scenic Spot Brand Alliance——Based on the Joint Matching Perspective

Daize Zhang
In recent years, under the development ideas of “one game of chess” and the sharing of the whole people, the joint promotion activities of the vulnerable tourist attractions and the strong tourist scenic spot market have frequently appeared, providing opportunities for the enhancement of tourism attractions...
Proceedings Article

Blockchain-Based Financial Technology and Scientometric Analysis

Junyou Ou, Chung-Lien Pan, Shiqi Chen, Wanting Luo
In the era of the Internet where profitability reigns supreme, cryptocurrencies like Bitcoin have surged in popularity, sparking a profound interest in the foundational technology of blockchain. This article delves into the intricate relationship between blockchain and financial technology (fintech),...
Proceedings Article

A Study of the Impact of Digital Intelligence Technology on Rural Youth’s Ability to Enhance Income Generating Capacity

Yinghao Tang, Guiging Li
As China’s political and economic landscape continues to evolve, the digital transformation is having a profound impact on all sectors, including rural areas. In this process, rural youth, because of their innovative spirit and strong power of action, have become a key force to promote the sustained...
Proceedings Article

Slack Resources and Corporate Supply Chain Resilience: An Empirical Study Based on A-share Listed Companies

Jiawei Shi, Songqiang Wu, Wenqian Cao
Against the background of the profound changes unseen in a century, emergencies occur frequently, and the enterprise supply chain suffers from the attack of disruption risk. How to improve the supply chain resilience has become a key concern of enterprises and the state. Based on the perspective of Resource-based...
Proceedings Article

Research on Legal Regulation of Infringement of AIGC Generated Content

Xinyi Xu
With the rapid development of generative artificial intelligence technology, the infringement problems involved in the generated content of AIGC have attracted much attention, especially copyright infringement, unfair competition and anti-monopoly, and infringement of trade secrets. In order to effectively...
Proceedings Article

The Problems and Optimization Paths of Digital Government Governance in Shandong Province: Based on the Perspective of Unbalanced Governance

Xinming Wang
Based on the perspective of unbalanced governance, this paper analyzes the promotion of digital government construction in Shandong Province and finds that the province has achieved significant results in this field. However, there are still imbalances between provinces, cities, digital government governance...
Proceedings Article

Research on the Impact of Booth Image Design on Purchasing Intention of Purchasers Based on MEC Means-End Chain

Zi Ye, Hang Su, Jiankang Zhang
With the continuous development of exhibition economy and the continuous improvement of exhibition venues and facilities, how to use limited resources to design and display exhibitors is crucial to improve the transaction rate[1]. In view of this, this article adopts MEC Means-End Chain and step interview...
Proceedings Article

Informal Environmental Regulation and Corporate ESG Performance

Dianmin Yu, Anran Zhang
In recent years, the environment, society, and governance have played an increasingly important role in the development of enterprise operations. However, the driving factors of ESG performance have not been fully studied. This paper takes China’s A-share listed companies in Shanghai and Shenzhen from...
Proceedings Article

Research on the Correlation Between BDI Index and China’s Major Dry Bulk Import Trade

Jing Liang, Zehui Liang, Liang Dong
In this paper, according to the existing literature, combing the BDI index and dry bulk trade related research content, the existing literature is mainly for the BDI index volatility, prediction and other economic indicators related research based on the preliminary analysis. At the same time, we have...
Proceedings Article

Key Driving Factors for Technological Innovation in Equipment Manufacturing Enterprises

Xia Pan, Ruixing Huo, Panthong Pornthip, Adil Khan
The equipment manufacturing industry in Heilongjiang faces innovation and capability challenges, limiting its high-quality growth. Using MOA theory and a ridge regression model, this study examines technological innovation drivers among listed companies in the province. Key drivers include R&D investment,...
Proceedings Article

Research on the Influence of Top Management Team Faultline on Listing Corporations’ Cost of Debt

Huihui Liang
Lowering corporate debt costs can maximize business benefits and is a crucial strategy for ensuring the healthy and sustainable development of enterprises. In this paper, we systematically investigate the impact of executive faultlines on the debt costs of publicly listed companies. We select data from...
Proceedings Article

Research on Government Subsidy Countermeasures for Tracing Fresh Agricultural Products under the Power of Blockchain Technology

Xichun Wen, Sijia Zeng
The circulation of agricultural products is faced with many problems such as many upstream and downstream subjects, information asymmetry, and difficult traceability of product information, while the decentralized idea of blockchain can provide effective solutions. This paper takes the relationship chain...
Proceedings Article

Research on the Normative Governance of College Takeaways in the Context of Internet+

Jia Li
Based on the perspective of student satisfaction, this paper, through the way of questionnaire survey, finds that the major colleges and universities produce different management styles for the standardized governance of takeaways. In order to obtain a high degree of student satisfaction, taking into...
Proceedings Article

Research on Performance Evaluation System for Traditional Chinese Medicine Scientific Research Projects

Yuan Sun, Mei Zhang, Yi Li
In order to improve the management level of traditional Chinese medicine scientific research projects and promote the production of more high-level and high-quality scientific and technological achievements in traditional Chinese medicine, performance evaluation of traditional Chinese medicine scientific...
Proceedings Article

Systemic Financial Risk under the Shock of Emergencies: An Analysis Based on the Perspective of Bank-Enterprise Networks

Sihan Wang
Since the 2008 crisis, systemic risk has become a global academic and regulatory concern. China’s finance system, driven by banks, relies heavily on commercial banks, resulting in risk concentration. Frequent emergencies pose challenges to bank stability, with credit risks spilling into the real economy,...
Proceedings Article

Analysis Based on Multiple Data Models—Development of Tourism Economy under the Background of the Belt and Road Initiative

Li Boyi, Liu Zhongxu, Wang Rongyu, Zhang Jiayi, Zhang Jiabao
The Belt and Road Silk Economic Belt is personally planned and laid out at the national level, and now more than 50 countries have joined the construction of the Belt and Road or benefited from the Belt and Road Economic Belt. This paper takes the “Belt and Road” initiative as the background, discusses...