Proceedings of the 3rd International Conference on Internet Finance and Digital Economy (ICIFDE 2023)
58 articles
Proceedings Article
Peer-Review Statements
Yusheng Jiao, Khaled Elbagory, Shyam Bihari Goyal, Hang Luo
All of the articles in this proceedings volume have been presented at the 3rd International Conference on Internet Finance and Digital Economy (ICIFDE 2023) during 4 - 6 August 2023 in Chengdu, China. These articles have been peer reviewed by the members of the [Scientific Committees and reviewers] and...
Proceedings Article
Research on the Evaluation of Regional Logistics Capacity of Gansu Province Under the “The Belt and Road” Initiative Based on Gray Correlation Analysis
Li Wang, Zhili Wang, Changxi Ma
Gansu Province is a key construction area on “The Silk Road Economic Belt” established by Chinese “The Belt and Road” initiative. In order to evaluate the level of regional logistics capability in Gansu Province, this paper proposes a regional logistics capacity evaluation method based on the gray correlation...
Proceedings Article
Research on Classification of Railway Freight Customers Based on Customer Value Analysis
Yang Yi, Huang Lei
Customer segmentation can divide the existing customers of an enterprise into different customer groups according to certain standards, and the research on customer segmentation based on customer value has important theoretical and practical significance. Based on the huge customer data accumulated by...
Proceedings Article
Study on the Influence of Digital Finance on High-quality Economic Development: based on the Mediation Effect of Regional Innovation Efficiency
Ping Song, Yifei Hu, Qifeng Yang
To examine the relationship between digital finance and quality economic development, and the mechanisms by which regional innovation efficiency is transmitted in. This paper use the data of 31 provincial in China from 2011 to 2018, as well as the Fixed effect model, intermediary effects model do test...
Proceedings Article
Analysis of vegetable planting portfolio based on risk-benefit optimization
Junwei Huang, Limin Wang
The traditional mean variance combination strategy takes into account the volatility of vegetable prices and fails to fully consider the proportion of planting combinations. Based on the theoretical analysis of portfolio management, this paper uses risk parity portfolio strategies and asset allocation...
Proceedings Article
Quantitative Forecasting Method of Stock Price Based on Time Series Model
Lu Xu
Nowadays, our economy is developing rapidly, and the financial market has gradually become a very important part of our economic development, in which the stock market is an important part of the financial market and closely related to our economy. For investors, a key problem in making decisions is...
Proceedings Article
Research on the Tax Burden of the Real Estate Industry under the Background of Tax Reduction and Fee Reduction
Qian Li
The real estate industry, as a backbone industry of the national economy, whether its tax burden changes are reasonable under the background of tax reduction and fee reduction not only directly affects the behavioral choices of industry market entities, but also affects macroeconomic growth. The article...
Proceedings Article
Fintech disclosure: true statement or exaggerated statement?
--Research based on total factor productivity of enterprises
Yongfang Ding, Haonan An, Yu Wang
Based on the research background that Chinese governments at all levels actively promote the Fintech strategy, this paper collects and sorts out the Fintech related information disclosed in the annual reports of A-share listed companies from 2010 to 2021. Via python crawler and text analysis techniques,...
Proceedings Article
Research on how the digital economy empowers retail companies to transform and upgrade under Dual Circulation View
Chuangli Shang, Zhengxu Wang
Under the new development pattern, digital transformation is the best option for retail enterprises to cope with various risks in the face of changing market conditions, to enhance their efficiency and competitiveness. First, this paper uses the DEA-Malmquist index to measure the data of 20 retail enterprises...
Proceedings Article
The impact of digital economy on digital and intelligent transformation of manufacturing industry
ZiQi Su
Promoting the digital and intelligent transformation of manufacturing industry with digital economy is the necessary way to improve the competitiveness of manufacturing industry in the information era. The article aims to study the degree of influence, mechanism of action and path of influence of digital...
Proceedings Article
Volatility Analysis of Hong Kong Stock Hang Seng Index Based on GARCH Model
YiFan Lai
Financial time series models are one of the commonly used methods to conduct stock market analysis and have good forecasting effects. In this paper, we use the monthly return data of Hong Kong stock Hang Seng Index as the research sample and calculate the volatility of low-frequency data based on high-frequency...
Proceedings Article
Design and Application of Agricultural Economic Transaction Management Platform Based on Data Mining
Chong Liang
In order to increase agricultural efficiency, increase farmers’ income, improve rural environment and economic and social development, a design and application of agricultural economic transaction management platform based on data mining is proposed. In this paper, data mining technology combined with...
Proceedings Article
Towards Macroeconomic Portfolio Forecasting Model With Multi-source Mixing Data
Xiaoxuan Su
Using China’s daily financial data and monthly/quarterly macroeconomic data, this paper constructs a mixed frequency data sampling model (MIDAS) from the perspective of pseudo-out-of-sample forecasting, and adds financial and economic leading factors to compare the macroeconomic prediction accuracy of...
Proceedings Article
Digital economy, industrial structure upgrading and carbon emissions
Yingqi Li, Yujie Hou
Digital economy is a new direction to promote the adjustment of industrial structure, and can also provide new driving force for reducing carbon emissions. Based on the provincial panel data from 2014 to 2021, this paper uses the benchmark regression model to explore the relationship and the path between...
Proceedings Article
Home bias in P2P Lending Platform
HaoYin Zhi
This article mainly concentrates on the impact of home bias in peer-to-peer (P2P) platforms. Since the absence of geographical barriers in online transfers and visible information flows to investors, the spatial barriers to trading have been broken down and it is logical that no significant local preference...
Proceedings Article
Digital technology, platform economy and manufacturing structure upgrading
Xin Chang, Ping Han
Digital technology effectively drives the change of manufacturing production technology and business model, and becomes a key driver of manufacturing structural upgrading. Based on the provincial panel data of China from 2013 to 2020, the impact of digital technology on the upgrading of manufacturing...
Proceedings Article
A Study of the Effect of Digital Transformation on Firm Performance —— Based on the Mediating Effect of Green Technology Innovation
Jiaxin Luo
As electronic technologies rapidly evolve, digital transformation has become an important driving force for high-quality development of firms. In this context, studying the impact of digital transformation on firm performance is of great theoretical and practical importance. This paper selects all Chinese...
Proceedings Article
Research on Digital Technology Empowering Green Finance: Evidence from Financial Enterprises
Zedi Tang
Carbon neutrality has become a global consensus, and digital technology can play an important role in achieving carbon neutrality. The paper focuses on empowering financial institutions with digital technology to achieve green and low-carbon transformation. It is believed that empowering financial institutions...
Proceedings Article
Algorithm research and empirical analysis of container transportation production prosperity index in China
Weiwei Qiu, Jishuang Zhu, Xinzi Wang
Shipping is an important channel for the international trade transport goods and one of the basic industries of the national economy. With the gradual transformation of China’s water transport industry to high-quality development, the development goals of the port container transport need to be guided...
Proceedings Article
Study on the Impact of Green Finance on Carbon Emission Intensity----An empirical test based on the mediating effect of green technology innovation
Xiang Guan, MinJie Gao
In order to support green technology innovation and achieve sustainable development, green money is a crucial driving factor. The adoption of sustainable development strategies is something that the Chinese government and the global economy both respect highly in recent years. The article chooses panel...
Proceedings Article
Research on the Impact of Big Data Development on Green Economy—An Empirical Study Based on Panel Data from Beijing-Tianjin-Hebei Region
GuanHui Wang, XiaoYu Zhou, XiaoDi Fan
This study utilizes panel data from large-scale enterprises in the Beijing-Tianjin-Hebei region from 2013 to 2021. R software is used to perform Winsorize processing on the data. By constructing a index system for the development of big data, the relationship between big data development and the green...
Proceedings Article
Asset Pricing Models Performance in the North America Stock Market
Zhanqi Kong
This study investigates how effectively the five-factor asset pricing model (FF5) elucidates the behavior of stock returns during COVID-19 pandemic and the period of 2000-2023. Using portfolio-level data and regression analysis, this study assesses the model’s ability to capture fluctuations in stock...
Proceedings Article
Future Stock Price Prediction Based on Bayesian LSTM in CRSP
ZhangQi Wang, ZiYi Qi
This paper mainly studies the problem of forecasting future stock prices based on historical data. Taking six companies in the CRSP Daily Stock database as research objects, three models of RNN, LSTM, and Bayesian LSTM are used to predict stock prices, and Gaussian noise is added to the data set to analyze...
Proceedings Article
Study on Green Credit Policy and Enterprise ESG Performance
JingTing Wang
Green finance can promote environmental governance, guide enterprise resources from high pollution to environmentally friendly. At present, the green finance policy of our country is advancing steadily, and has made great progress in the fields of credit, bonds and funds. This paper examines the impact...
Proceedings Article
Formulation and Implementation of Precision Marketing Strategy for Cross-border E-commerce under Big Data Technology
Hui Zhang
With the development of globalization, cross-border e-commerce began to focus on the reform of marketing model to improve its competitiveness and market share. In this regard, this paper will put forward a set of construction scheme of precision marketing management system in view of many problems faced...
Proceedings Article
Analysis of the Sustainable Development of the Energy Industry in Shaanxi under the Constraints of “Dual Carbon Targets”
Yaoyao Liu
Shaanxi is rich in coal, oil and natural gas resources, and its unique resource endowment makes the development of energy industry in Shaanxi have a decisive impact on China’s energy security. On the other hand, a series of problems occur during regional development, such as the extreme imbalance of...
Proceedings Article
Analysis of Efficiency Measurement of China’s Distribution Industry Development
YueTing Ni, XianMin Sun
The circulation industry currently has an important impact on economic transformation. In this context, this study compares the relevant literature in this field and uses factor analysis to measure the circulation efficiency value based on the relevant annual data from 2010 to 2020 in China, so as to...
Proceedings Article
An Empirical Analysis of the Impact of Digital Economy Development on Employment Quality
An Empirical Study Based on a Spatial Econometric Model
Ping Han, HanQi Song
The rapid development of the digital economy has not only brought new challenges to the labor market in the new economic era, but also provided an opportunity to achieve higher-quality employment for our workers. The data are from 31 Chinese provinces between 2013 and 2020, systematically explores in...
Proceedings Article
The Threshold Effect of Digital Transformation on Innovation Performance of Manufacturing
XiuLian Chen
Studying the digital transformation of manufacturing has become one of the necessary conditions for the high-quality development of China’s manufacturing industry. By selecting the data of manufacturing, listed companies in Shanghai and Shenzhen from 2007 to 2021, this paper empirical analyzes whether...
Proceedings Article
A study of the factors influencing customer stickiness in the context of live e-commerce
ZiXiang Chen, Li Li
The specific factors influencing customer stickiness in e-commerce live streaming were explored from the perspective of customer experience. A theoretical model of factors influencing customer stickiness in e-commerce live streaming was established by drawing on the SOR model, 360 valid questionnaires...
Proceedings Article
Auto loan default prediction based on Stacking model
LingLing Zeng, Jin Sun, YiMin Zhou
With the rapid development of auto loan and serious credit problems exposed in the industry, auto loan default situation needs to be improved. Based on the customer data provided by a car loan platform, the paper studies the problem of vehicle loan default prediction. Firstly, the data is preprocessed,...
Proceedings Article
Research on the Impact of Digital Finance on Enterprise Environmental Protection Investment
ZhuQing Zheng, LinRong Wu, JuPing Li
Based on Panel data of A-share listed companies in Shanghai and Shenzhen and provincial Panel data of digital finance in 2011-2021, this paper uses fixed effect, Mesomeric effect and other models to conduct empirical analysis, and examines the impact of digital finance on corporate environmental protection...
Proceedings Article
Fintech, Inclusive Finance, and Bank’s Risk-Taking
Ying Zhang, Min Chen
In this paper, we use web crawler technology and principal component analysis to measure the FinTech index and estimate the Lerner index by constructing a transcendental logarithmic cost function and SFA model to empirically investigate the moderating effect of fintech concerning the relationship of...
Proceedings Article
Controlling Shareholders’ Share Pledging and the Strategic Change: Empirical Evidence from the Chinese A-share Market
JunMing Zhuang, Ai Su
We use a sample of Chinese A-share listed companies from 2008 to 2019 to explore the impact of controlling shareholders’ share pledging on the strategic change. The empirical results show that out of the motive of maintaining control, controlling shareholders’ share pledging intensifies the strategic...
Proceedings Article
An analysis of the influence of actual controllers on cash holding decisions-based on the data of Chinese private listed companies
ManDan Cao, ZhiHua Gan, Juan Cheng
The level of cash holding is directly related to the survival and development of Chinese private enterprises. The ultimate controller can affect the level of cash holding of enterprises, but the existing research conclusions are inconsistent on the mechanism of the influence. Based on the cash holding...
Proceedings Article
Digital Technology Carbon Emission and Industry Structure
Ping Han, ZhaoYun Shi
In an age of digital economy, digital technology is a hugely important factor in promoting the upgrading of industrial structures. Using panel data from 30 provinces of China between 2012 and 2020 analyzes empirically the incidence and mechanism of operation among digital technologies, carbon emission...
Proceedings Article
GGDP Calculation and Application based on Shadow Prices
Bin Zou, YiLiang Song, HongJun An, YouLin Li
As global climate and environmental issues continue to increase, Green Gross Domestic Product (GGDP) has become a more suitable indicator of economic health and development than Gross Domestic Product (GDP). This paper proposes a new climate-environment cost-based GGDP model in macro form, using shadow...
Proceedings Article
Study on the Carbon Emission Reduction Effect of Green Consumption Development in Rural Areas
ZhiHang Chen
Rural green consumption development is an important part of rural green development and plays an important role in rural consumption carbon emission reduction. This paper measured the rural green consumption development index by the TOPSIS entropy weighting method with a sample of 30 provinces, cities,...
Proceedings Article
Technological and Financial Structure Affects Regional Ecological Efficiency
— A Case Study of Beijing-Tianjin-Hebei Urban Agglomeration
YiFan Liu, HaoYu Wang
Leveraging the panel data of the Beijing-Tianjin-Hebei region between 2010 and 2020, the ecological efficiency of the Beijing-Tianjin-Hebei region was measured by the entropy method, and the relationship between technological and financial structure and regional ecological efficiency was empirically...
Proceedings Article
Financial Services Investment and Manufacturing Global Value Chain from the Perspective of Data Analysis
Lina Yu, Yuxi Yin, Changsheng Zhou, Kwi-sik Min, Dunlai Zhao, Tao Wang
It is the general trend for producer services and manufacturing industries to advance together, in which financial services account for 36.3% of the investment in producer services and manufacturing industries., the role has become increasingly prominent. Through empirical analysis, this paper finds...
Proceedings Article
Research on the design and implementation of economic data analysis system based on big data background
ZiXin Yin
This paper mainly introduces the process of analyzing regional economy with academic data. First, we set the perspective of academic data to analyze the regional economy, and selected the scholar activity and the diversity of scholar cooperation to analyze the economic situation; at the same time, we...
Proceedings Article
Application of Parallel Random Forest in Doubt Prediction of Audit Big Data
Jing Xiao, Yi Du
In order to make a scientific audit plan under the background of auditing big data, an audit doubt prediction algorithm based on parallel improved random forest algorithm is proposed. The goal of this algorithm is to improve the efficiency of the algorithm while ensuring the prediction accuracy, so as...
Proceedings Article
Digital Transformation and Enterprise Total Factor Productivity
Yang Fu, XiangLi Meng
In the development era of “Internet+”, digital economy, as a new economic form, has gradually become a driving force to promote the development of enterprises with high quality and high quantity. This study mainly focuses on A-share listed companies in Shanghai and Shenzhen as the research object, selects...
Proceedings Article
Research on the construction and analysis of a green finance market research platform based on the background of big data research
ZhaoXuan Lv
In recent years, the term “big data” has become a topic that people have to talk about, but the term is so abstract that people can't seem to tell who came up with it first. Some say it's the Google team, some say it's McKinsey, a globally renowned consulting firm, and others say that...
Proceedings Article
Digital Aging, Mental Vulnerability and Financial Fraud Losses
——Based on the perspective of aging
Dan Shi, YanYan Chang
In the context of the intersection of digitization and aging, the frequent occurrence of fraud incidents among the elderly poses a great threat to family financial security and has attracted the attention of all walks of life. Based on the China Health and Retirement Longitudinal Study data, this paper...
Proceedings Article
Research on Stock Market Investment Model Based on Time Series Forecasting and Dynamic Programming
XuDong An, Xuan Yi, BeiQi Zhou, QinJuan Zhang
Forecasting the value of a stock population has always been attractive and challenging for shareholders due to its inherent dynamics, nonlinearity and complexity. In this paper, we propose a stock investment model based on time series forecasting and dynamic programming. The time series forecasting model...
Proceedings Article
Research on the Coupling and Coordination of Digital Economy and High Quality Development in Heilongjiang Province
Tong Wu, XianMin Sun
The rise and prosperity of the digital economy have laid a solid foundation for high-quality economic development. Based on the urban Panel data of Heilongjiang Province from 2017 to 2021, the entropy method is used to calculate the comprehensive score of digital economy and high-quality development,...
Proceedings Article
Electrical Vehicle Companies’ Quantitative Stock Selection Strategy Based on Fundamental Factors in China A-Share Market
YiTong Liu, XuanYu Lai, Mi Yan
As one of the most rapidly evolving industries, Electric Vehicles (EV) have drawn significant attention due to their tremendous growth and development potential. In this paper, we used a multifactor model to develop a quantitative stock selection strategy based on fundamental factors of EV companies...
Proceedings Article
Household Financial Literacy: A Literature Analysis and Review
LinXi Shi, ThienSang Lim
With the continuous improvement of the financial market system and the increasing abundance of financial services, household financial literacy is increasingly important for optimizing household financial behavioral decisions and enhancing household financial well-being. In order to grasp the research...
Proceedings Article
Research on the Impact of Innovation on Regional Economic Growth
FeiFei Shang, ZhiYu Niu, SiYuan Zang
The influence of innovation on regional economic development is a significant area of scholarly inquiry and holds paramount importance in the context of regional economic advancement. Innovation serves as a driving force for economic growth, bolstering competitive advantages, fostering job creation,...
Proceedings Article
Evolutionary game analysis of financial fraud governance behavior of listed companies based on Prospect Theory
JinLong Wang, Yan Xu
To solve the problem of financial fraud of listed companies is the fundamental way to maintain the smooth operation of the whole stock market. In order to explore the related problems of the governance of the financial fraud of the listed companies, the prospect theory is introduced in the process of...
Proceedings Article
Empirical Testing of the Impact of Manufacturing Digitalization on Industrial Upgrading
XueYang Zhang
In order to explore the impact of manufacturing digitization on industrial upgrading and realize green development. This paper first analyzes the impact of manufacturing digitization on industrial upgrading from both supply and demand aspects, and empirically tests the impact of manufacturing digitization...
Proceedings Article
Research on the Development Efficiency of Digital Technology Enabled Commerce and Trade Circulation in the Yangtze River Economic Belt Based on Three Stage DEA Malmquist Index Decomposition
Yan Li, Sai Zhang
In the era of digital economy, ICT has made unprecedented development in the storage and processing capacity of data and information, and promoted the construction of modern commercial circulation system. Based on the Three-stage DEA and Malmquist index model, using the panel data of 11 provinces and...
Proceedings Article
A study of the impact of the digital economy on the degree of openness of the productive services sector
ZhengYang Jin, HuiYing Yang, WenXiao Xue
The opening-up of productive services is an important initiative to promote the high-quality development of China’s economy. The digital economy is driven by technological innovation, building digital platforms to realize data delivery and guaranteeing a stable supply of productive services. Based on...
Proceedings Article
Empirical Analysis of Digital Economy Affecting Industrial Chain Modernisation Based on Panel Regression Model and Threshold Effect Model
Ping Han, Tingting He
This study employs panel data from 2015-2020 to construct a panel regression model as well as a threshold effect model in order to examine the impact of the burgeoning digital economy on the modernization of the industrial chain in China. The results of the study show that the modernisation of the chain...
Proceedings Article
Research Looking at Geographical Differences When Measuring Distribution Efficiency in China
WeiQi Cheng, XianMin Sun, GuoWei Zhang
As a pioneer industry of the national economy, the Distribution industry can guide China’s consumption and investment, and the Distribution efficiency can effectively reflect the construction effect of China’s Distribution system, which is of great significance to China’s economic development. Based...
Proceedings Article
Stock Price Prediction Based On Neural Networks Incorporating Attention Mechanisms
XinRui Huang
Aiming at the nonlinearity of stock prices, this paper first utilizes deep learning neural networks, including Recurrent Neural Network, Long Short-Term Memory and Gated Recurrent Unit, which are known for their strong capability to fit nonlinear function relationships. These networks are used to construct...
Proceedings Article
Empirical Testing of the Impact of Input Digitization on the Green Transformation in Manufacturing Industry
Yan Li, XiaoXiu Zhang
Green transformation and upgrading of manufacturing industry can promote green GDP growth. This article based on panel data from 30 provinces from 2005 to 2021, using Eviews and Stata tools to conduct regression models and mediating mechanism analysis on variables. The research results indicate that...