Advances in Economics, Business and Management Research

The paper reviews mainstream explanations of the underpricing of IPOs and aims to locate the most logical explanation among both existing literature and hypotheses to be corroborated. The author divides current literature into two groups, informational explanations and non-informational explanations....

Based on the recent stock price fluctuations of Coca-Cola and Pepsi, this paper analyzes the factors that affect the stock price fluctuations of Coca-Cola and Pepsi. The paper’s research method is to come to a conclusion through data review and analysis. The research object is the stock prices of Pepsi...

The purpose of this paper is to evaluate the profitability potential for a new low-carbohydrate snack and predict its future market condition. By applying the PEST model, Porter’s five forces model, and SWOT model, I analyzed the market condition from both external and internal factors that would impact...

This article presents structural and functional model of support of preschoolers with autism spectrum disorders in a consortium of scientific and educational organizations, which includes the main directions of its implementation in the Republic of Tatarstan. We have described its characteristics, key...

The Park situation and main geological relics of Zigong Global Geopark were introduced. Zigong Global Geopark’s current geo-tourism development and geoscience popularization publicity were elaborated. Based on the current development status, the problems of unbalanced tourism development, ineffective...

With the outbreak of covid-19, digital marketing has become a turning point for the phenomenon of luxury offline activities being blocked. Marketers and consumers are paying more attention on this emerging marketing approach from traditional mass. In order to understand how luxury goods continue to use...

The rapid growth of housing prices prevents the Chinese government from introducing policies related to real estate. This paper takes Shanghai’s second-hand real estate market as the research object, takes GDP and income as the main indicators, analyzes and establishes an econometric multiple linear...

Research encompasses up to date references and expertise on the world market of new NPP construction. An insufficient level of comprehensive scientific analysis of organizational aspects was noted considering the project life cycle of nuclear power plants (NPP) as economic systems and customer needs...

The implication brought about by COVID-19 in the first quarter of 2020 impacted the sharing economy in the United States. The research study explored the sharing economy in the US during the pandemic; the data studies were from January 2020 to June 2021. The purpose of the article is to understanding...

In 2020, the global spread of COVID-19 has brought a huge impact to the international financial market and destroyed many industries. This paper applies Fama-French five-factor model to analyze the effect of COVID-19 on the clothing industry. Based on the data from Kenneth R. French’s database, this...

In this work, the goal is to select the appropriate amount of given set of foods that will satisfy a set of cattle daily nutritional requirement at minimum cost. Despite the consideration of finantial gain and cost, the concern about environmental protection is recognized in this paper. The opitimum...

The article reveals the role and the structure of the regional brand in the category “processed products of oilseed crops” as a source of the region’s sustainable competitive advantages formation and one of the state projects and programs priorities. The analysis of the Krasnoyarsk territory enterprises...

CAPM is a fundamental asset pricing model that has complex viewpoints from scholars. The validity of CAPM is essential for the market participants, as many of their decisions will be based on the securities’ estimated returns. This paper aims to give a more comprehensive discussion of CAPM and test its...

The hospitality and tourism industries have been of no small concern, not only in the past but in the future, even though the fact that they are now being hampered by the epidemic, these two industries also still have great potential for growth due to the general trend of globalization and economic development....

With the continuous development of science and technology and the continuous improvement of the financial market, Internet consumer finance has attracted many users resulting in its obvious advantages of convenience, quickness and wide coverage, which has greatly enriched the types of Internet financial...

Green Supply Chain Management (GSCM) and Green Human Resource Management (GHRM) are two important branches of Operation Management and Human Resource Management in the field of environmental protection and sustainable development. The GSCM and GHRM were studied in isolation from each other in many years...

The paper describes the theoretical and practical aspects of the non-equivalent vocabulary translation in the literary text. Special attention was paid to literary allusion as bases of country background information and its role in the development of student’s communicative competence in the process...

Finding sorting variables for alpha is crucial in investing stocks. The alpha, also referred to as abnormal return, measures the investment strategy’s ability to beat the market. It is the part of portfolio return that the existing model cannot explain. Return on equity (ROE) is one of the key factors...

This article will describe the impact of British fiscal policy and monetary policy on the British economy. As an important trading entity, economic power, and financial center, the British economy is the sixth largest economic system in the world and one of the world’s richest, most economically developed...

Siberia is the region with rich resource and infrastructure potential that is of strategic importance for the country. Highly fluctuated current economic environment presents new challenges that affect the key vector of region development. An economic infrastructure of the region with its traditional...

As a kind of ecosystem, the composition of the commercial ecosystem must be intertwined with each other, just as the natural ecosystem can extend to the natural environment of the outer planet and can be subdivided into a specific chemical element. The commercial ecosystem is endless. Understanding the...

This paper sought to examine the usefulness of big data in customer acquisition and retention. Data for the study were collected from secondary sources such as articles and online publications. The data were later analyzed using thematic content analysis. Findings indicated that big data is revolutionizing...

In a dynamic labor market there are higher requirements to young specialists on planning and managing their careers, therefore, the relevance of the study the professional strategy as process characteristics increases, which determines the purpose and means of its achievements in the professional field....

The Coronaviruses virus become the most concerned topic nowadays since it is first discovered by people. Whether it is in terms of health or economy, the severity of the Coronaviruses virus brings unprecedented blows to the economies of many countries, but it only has a negative impact on the economy,...

The allocation model of economic resources with the goal of sharing has gradually formed a sharing economic ecosystem in China and played an important role in the development of green economy. COVID-19 has brought a heavy blow to the new economic industry. The digitalized enterprises have ushered in...

Investment requires significant consideration of diverse elements, especially for a new product or service in the market. Elude company is one company in the travel industry that presented an app to help people identify areas they can visit based on how much the budget. The paper uses different components...

Contemporarily, cosmetic consumption of Chinese female college students is becoming larger and larger. Experiential marketing is used extensively to attract young people. As a French company, L’Oréal (L’Oreal) is successful in the Chinese market and in implementing experiential marketing. This article...

During the epidemic, in order to achieve sales targets and maintain quarterly performance, vehicles of various brands have reduced prices and increased sales. But in this case, it is necessary to improve the efficiency of vehicle marketing and the accuracy that customers like. From this period of time,...

Article is dedicated to the trade and investment cooperation of USA with EU at the present time with taking into account current conditions of international trade uncertainty caused by US’ external economic policy transformation into the direction of protectionism, «trade war» with China and potential...

With the popularity of crowd-funding, crowd-funding provides a more convenient way for people to realize their dreams and start their businesses. At the same time, there are a large number of projects on the crowd-funding platform but they are also mixed. This paper selects popular crowd-funding projects...

China’s bank credit rating system, as one of the main aspects of bank control, has not yet met the international requirements for accurate measurement and effective management of credit risk, and is in urgent need of reform and improvement. Based on the relevant theories of bank credit rating, this paper...

With the 2020 Japan Olympic Games postponement, the 2021 Japan Winter Olympics has received increasing attention. The effect upon the stock market of domestic Japanese sponsors became uncertain because of the duration of the COVID-19 pandemic. This paper uses event study to analyze the influence of the...

Online art auctions with buyout prices are extensively applied as a modified form of art auctions for breaking the limit of fixed time auction ends and combining fixed-price selling with English auctions, while numerous problems exist in the real process of these auctions since reliable information on...

The article discusses the history of formation Far East organizations of the Party of Socialist-revolutionaries. The influence of the salient features of region and its social structure on the popularity of the party among the local population is studied. The authors examine the activity of the Far East...

In recent years, China’s international situation is tense and will be affected by the Novel coronavirus in 2020. In this context, the government has put forward a policy of six stability and six protection, that should ensure the stability of employment, finance. At the same time should also implement...

The article considers the essence and significance of the assessment of human capital development in commercee. The author presents the basic concept of evaluation of the performance of commercial personnel of a commercial company, the calculations of indicators, as well as various scenarios of their...

In this era of frequent natural disasters, companies should seize the opportunity to find new marketing strategies for brand development, fulfill their social responsibilities, and do a good job in donation marketing. The paper analyzes the case analysis of Erke’s donations in Henan floods and other...

The role of testing the players of the basketball team at the University in order to improve their skills is considered. Regular pedagogical control, analysis of test results allows the coach to determine the most effective means and methods. Used in the work. If necessary, make appropriate adjustments...

The pandemic caused by Covid-19 has created a severe global economic recession and destroyed many industries since it broke out at the beginning of 2020. However, many companies in construction material industry had an outstanding performance last fiscal year. This paper applied Fama-French five-factor...

For the further development of a single transport area, an increase in the export of transport services, the development of the transit potential of the EAEU member states and economic integration, special attention should be paid to improving transport, customs, and logistics infrastructures. The study...

With the rapid development of the Internet and economy. Internet celebrity brands have become a new generation of large economic systems. This article uses a case study method to select the Internet celebrity brand Nayuki’s tea to discuss the marketing strategy and analyze all the same Internet celebrity...

In the financial markets nowadays, the option is one of the popular financial products that has been increasingly traded. Exotic options, including barrier options, were invented to cater to the special needs of the investors. However, the pricing model of these financial instruments is complicated,...

The financial security of trading companies depends on the management of their assets, liquidity and solvency. The authors in this article recommend the formation of an internal control system using the COSO’s international approach (The Committee of sponsoring organizations of the Treadway commission...

Can Fin-Tech improve corporate innovation? Using the data of Chinese listed companies, this paper studies the impact and mechanism of financial technology on corporate innovation. The empirical results show that the development of financial technology has significantly improved the innovation performance...

This paper presents and compares different bond pricing models, points out whether these models work well and if there are any limitations of these models, this paper concludes models for corporate bonds, convertible bonds, and zero-coupon bonds. Besides, this paper introduces Macaulay duration and Modified...

For optimum tax planning and tax risks of the motor transportation enterprises need to be able to calculate the tax burden on its activities. The article presents an analysis of the methods of calculation of the tax burden. Given the author’s definition of evaluation of the tax burden, absolute and relative....

This paper investigates the predictive return power of three asset pricing models during market turmoil: the CAPM, Fama-French 5 factor model, and q-factor model. We select two periods of market downturns: the 2008 financial crisis and the 2020 Covid period. The models are trained before these two periods...

Under double 11activities, people’s desire to consume becomes very strong, and the turnover of each network platform is much higher than usual. Why can the activity Double 11 be so successful? The author analyzes this topic through literature review. The research data come from other people’s papers....

In order to evaluate the economic development of municipalities in a region, it is necessary to find the resulting indicator, for example that could be gross municipal product (GMP). There are many methods of calculating GMP. to calculate the GMP of the Republic of Bashkortostan the article uses the...

The traditional concept of value creation holds that value is an one-way output by enterprises to consumers, and consumers are only responsible for the acceptance and use. However, with the development of network economy and the diversification of marketing communication, the subject of value creation...

The article proposes a methodology for studying the relationship of culture and institutions in economic processes, based on rethinking the relationship of economic culture and institutionalized forms of economic development in the framework of the intersubjective paradigm. It allows to go beyond traditional...

Residential real estate takes the largest part of asset market in the United States. This study investigates how changes in macroeconomic variables affect changes in housing prices, using time series data from 191 observation samples in the United States over the past 15 years. The dataset was collected...

The breakout of the covid-19 in the United States has caused significant changes in the stock market, while the proportion of individual investors’ direct trading increases. The recent Game Stop(GME) short-selling incident showed the power of retail investors, which makes people pay attention to the...

This paper seeks to address the question of whether local macroeconomic parameters (reference interest rate, crude oil production, stock market index, direct foreign investment, loan growth and GDP) have any influence on the numbers and volume of IPOs on an emerging markets of GCC region over the period...

Under sudden outbreak epidemic, the economies of countries around the world have received a severe blow. But there are good potential developments, most notably in the digital economy. In the face of various lockdown policies, the epidemic has undoubtedly promoted the rapid development of the online...

As the demanding number of descent knives grow, knives are great deal in the business market. According to a sanding gear selling company [1] Red Label Abrasive’s survey report of 100 knife maker, “ the survey indicated that the industry appears to be in good financial health. 73% of knife makers have...

Globally, there are almost no countries unaffected by the pandemic. As governments struggle with new lockdown measures to combat the spread of the virus, the economies have to pay the price. The real estate cannot escape from this damage. This article explores why and what housing market is influenced...

This paper makes a through-out interpretation of the inflation hikes witnessed in the United States during the Covid-19 pandemic crisis. This paper incorporated economic theories and data in explaining the economic phenomenon during the pandemic crisis and predicting the future trend of inflation. The...

The problem of unemployment among university graduates is a consequence of changes in the structure of production and the economy of Russia, the weakening of state control and regulation. University graduates face a lot of problems when searching for jobs, being insufficiently in demand on the labor...

This article starts with the current status of RMB cross-border trade settlement, combined with data analysis, and summarizes the share of RMB cross-border payment in the global market, the coverage of RMB cross-border trade settlement system, the normalization of RMB swaps, and the new growth of RMB...

During the COVID-19 pandemic, the oil price fluctuated significantly due to dramatic changes in oil supply and oil demand, which leads to high volatility in oil-related assets and induces an urgent need to alleviate risks. We use a market neutral strategy to assess the results of hedging against oil...

In this paper, our team has launched a product we designed: “Magic Garden”. In this article, this work analyzed the availability of this product and the relevant information, and this work analyzed the literature we found and the content of questionnaire. After analyzing this set of data and positioned...

Human capital in a post-industrial society is becoming the main condition for the development of society and this is facilitated by the creation in Russia of scientific and educational centers (SECs). The main objectives of the activities of such centers are to enhance the economic and social life in...

This study seeks to analyze public investment in education from 2016 through 2018. The paper outlines the ever greater role of online learning in the Russian education market, in particular that of the MOOCs. It further defines the role of further education and advanced training. The authors point out...

Appearance anxiety has already become a common phenomenon in today’s society. Some high school girls begin to worry about their appearances and even feel anxious about the narrow definition of beauty and the influences of other people. This study utilizes online questionnaires to explore high school...

Commercial banks play an important role in China’s financial system. However, financial disintermediation has a significant impact on the traditional credit business of commercial banks. The scale of commercial banks’ capital stock has been gradually diverted from the source, causing a certain impact...

The article sets forth a generalized understanding of economies of scale in agrarian production as a complex integrative phenomenon, implemented in a unity of three components – the intra-branch scale effect in agrarian production, the quality effect, the number of enterprises and the effect of their...

In this paper, three stages of the development of the international monetary system are sorted out, and the development of the three global financial systems is interpreted. The advantages and limitations of the analysis of the world economic system at that time are analyzed. Looking at the current monetary...

Bilibili has a unique user interaction mechanism. From an empirical point of view, this paper conducted in-depth interviews with users watching Bilibili food videos, putting forward the research hypothesis and model of this paper, and designed a questionnaire, analyzed the influencing factors of user...

This paper aims to analyze the differences between customized and globalization marketing strategies under the context of KFC (Kentucky fried chicken) and McDonald’s in China. As most people know, KFC adopts customized strategy, while McDonald’s adopts globalization strategy when conducting transnational...

The model of calculation of volume of the materialized knowledge used in an economic system on the basis of the analysis of the used resources and the size of a gross product is provided. The model allowed to calculate return of business assets and intellectual factors and to estimate influence of a...

Loss aversion is another theoretical cornerstone of Kahneman and Tversky’s prospect theor, which has been applied by behavioral economists in many fields such as consumption decisions, production/supply, investment[1]. Benartzi and Thaler first tried to explain the mystery of equity premium by using...

The exchange rate, the price of domestic currency as compared against foreign currency, may incur fluctuations according to changes in the national macro-economy. This paper analyzes alterations in the exchange rate of the Egyptian pound over the past decade by tracking the impacts of political and military...

Although some countries or regions in East Asia achieved rapid economic development through the use of industrial policies after the Second World War, other countries or regions followed rarely succeeded. The effectiveness of industrial policy has become an important topic in academic research, but the...

The world advanced manufacture industry cluster is the advanced manufacture network with the same target and mutual benefit, integration and connection, which is established on basis of the professional work division requirement, and could occupy the industry highlands worldwide. The cultivation of the...

The article examines the correlation between the concepts of “professional education”, “professional teaching”, “professional preparation”, “qualification”, fixed in the Labour Code of the Russian Federation and the Federal law “On education in the Russian Federation”. In the Labour Code of the Russian...

The fundamental defect of the market constructed under a trinomial tree model lies in its incompleteness with initial risk-free and risky assets only. This paper analyzes the first-step probability behaviors of the trinomial tree model and summarizes how could introduce derivatives being a general solution...

Under the dramatic impact of Covid-19, the global economy has decreased sharply, and many countries have experienced negative economic growth during the pandemic. This study uses Fama and French Five-Factor model to investigate the reasons causing these changes and provide referential suggestions on...

This article analyzes the issues of legal regulation of activities and registration of a passenger taxi. Considering the provisions of the law draft, the authors conclude that quite a lot of gaps in the law draft, in particular, the law draft does not grant the right to self-employed be carrier, there...

With the rapid economic development and fierce competition, the top priority of listed firms will be given to investment efficiency. This paper reviews the relevant literature on the factors affecting the efficiency of corporate investment and its economic consequences. First, this paper presents the...

Prada is an Italian luxury brand founded in 1913 that offers high-quality leather goods, clothing, and footwear for men and women. On May 31, 2019, Prada’s official Weibo announced that the famous Chinese singer Cai Xukun became its Chinese spokesperson. Cai Xukun is a singer and actor who is popular...

In twenty years of establishing the foundations of the market economy in Russia, the main problem of innovative development has not been solved - attracting investments for the purpose of sustainable modernization and innovative acceleration. In order to attract investments and services of private business,...

Unsuccessful acquisitions usually occur in China’s jewelry industry. Because of this, according to the characteristics of the jewelry industry, this paper selects the free cash flow model to measure the value of the entity. Taking Zhou Dasheng company as an example, this paper introduces it by using...

The subject of this article is to analyze the financial statement and corporate strategy of Coca-Cola (referred to as KO) Company during the COVID 19 epidemic. The two main analysis methods are quantitative and qualitative analysis. The quantitative analysis uses ratios and Dupont to analyze Coca-Cola’s...

The research of the Far Eastern financial center in the context of the analysis of investment and business regional problems based on statistic information. The key factors are assessed that ensure the development of financial market and competitiveness of the investment climate in the Far East. It has...

Based on the China Health and Retirement Longitudinal Study (CHARLS) survey data of 2015, this paper analyzes the impact of public pension on family support from the perspective of the urban-rural difference by applying fuzzy regression discontinuity design. Wherein, family support is divided into three...

This paper first explains the specific definition of live e-commerce, and further combs the development process of the industry. In terms of current situation, the author analyzes China’s online Red economy live e-commerce industry from both sides of demand and supply. On the demand side, this paper...

The article highlights the issue on taxation of income gained by self-employment activity. This issue is frequently considered as a problem for many countries. Thus, study of successful practices of different developed countries may be useful for working out the national effective taxation system concerning...

With the booming development of the entertainment industry, various celebrities are also using their advantages to gain the attention of their fans, and at the same time, the fan community is also growing and expanding rapidly. “Fan economy refers to the consumption behaviour of fans for adoring idols....

The article presents the theoretical and methodological foundations of financing infrastructure projects, the current state and problems of the development of infrastructure mortgages which based on the mechanism of public-private partnership in Russia. A theoretical approach to clarify the conceptual...

This paper presents a stock investment strategy that can be applied relatively effectively under the current situation. We propose to design this recommendation based on the analysis of three main fields: finance, economics, and marketing. We examine and identify the damage extent of COVID-19 towards...

This article mainly discusses the current situation of the mobile game market and the direction in which it should move in the future based on the newly promulgated laws and regulations restricting minors. Based on previous papers, this article summarizes the current downturn in mobile games, analyses...

Method of assessment of reliability of investment climate by means of calculation of the system of indicators consisting of objective indicators, indexes, the generalized indicators of the integrated groups of indicators and a general indicator is given in article. The indicator analysis allows to estimate...

This paper is aims to establish a financial crisis prediction model in real estate industry. The data was acquired from financial statements of 125 listed real estate companies in China from 2013 to 2017 and listed companies marked with ST or ST* are regarded as enterprises in financial crisis. Since...

During the pandemic, the global trade has been affected a lot. Under the circumstance of the pandemic and the decreasing gross value of global trade over the world, China’s foreign trade has increased in 2020. The research has examined mainly on China’s foreign trade in order to analyze the causes and...

Currently, international tourism is a significant factor of sustainable socioeconomic development for most countries of the world, including Egypt. It ensures growth of the GDP, exports, investment, including foreign investment, and less unemployment. It also activates private entrepreneurial initiative....

Credit card payment has been flourishing in marketing transaction in the United States for decades, while variety of consumer behavior and digital development bring about new impacts on financial theft. The gender, the credit card knowledge, and country-based institutions would be some significant consumptions...

The maize market in China has improved and the productivity of maize in China has increased through the past decade. We studied the influencing factors of maize production in China during 2009-2019 by multiple regression, including mechanization, planting area, drone application amount and price change....

Fintech not only brings impact to the traditional inclusive finance, but also provides a new direction for its development. There is a synergistic effect between them. This paper selects several fintech and inclusive financial indicators to reflect the order parameter and uses AHM (Attribute Hierarchy...

The practice of applying international audit standards and assurance tasks requires continuous improvement of methodological tools. In the digital economy, when modern software and technology platforms are being actively introduced in business, audit and consulting sphere, science-based methods for assessing...