Vol 10, No 4 (2025) |
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Table of Contents
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Original Research Article
by Fushuai Wang, Shichao Wang, Ben Li, Gulnara Shakirova*
Finan Mar
2025,
10(4);
doi: 10.18686/fm.v10i4.14098
19 Views,
0 PDF Downloads
Against the backdrop of the rapid development of the global digital economy and the accelerated reconstruction of the trade landscape, the quality of export goods in the manufacturing industry has become a core element of a nation’s industrial competitiveness. This paper, from the perspective of digital supply chains, deeply explores the internal mechanisms through which they promote the improvement of
the quality of manufacturing export goods. It begins by highlighting the limitations of traditional supply chain models in terms of information
transmission efficiency and resource collaboration, and in conjunction with the current technological and policy environment, expounds on
the research significance. Through an in-depth analysis of dimensions such as data governance, technology application, supply chain collaboration, and network security, it reveals the multi-link and multi-level paths through which digital supply chains drive the quality upgrading of
manufacturing export goods, providing detailed theoretical and practical references for the digital transformation and quality improvement of
the manufacturing industry.
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Original Research Article
by GUO YANYANG
Finan Mar
2025,
10(4);
doi: 10.18686/fm.v10i4.14099
23 Views,
0 PDF Downloads
This paper focuses on the path design and implementation strategies for sustainable development driven by corporate environmental responsibility. At the strategic planning level, the methods of integrating environmental responsibility and setting sustainable development
goals were explored; At the operation and management level, the innovative paths of environmental responsibility practices and sustainable
development measures were analyzed; From the perspectives of stakeholder collaboration and adaptation to the external environment, the
optimization strategies of the sustainable development path were studied. Research has found that by integrating environmental responsibility
into all aspects of development, enterprises can not only address environmental challenges but also open up new growth points of commercial value. Through multi-dimensional path design and implementation, enterprises can balance economic, social and environmental benefits,
achieve long-term and stable development, and contribute to the realization of sustainable development goals.Introduction.
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Original Research Article
by Li Yongwei
Finan Mar
2025,
10(4);
doi: 10.18686/fm.v10i4.14100
22 Views,
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Urban entrepreneurial vitality can stimulate the development, competition and innovation vitality of market players, and provide a
new direction for solving supply chain blockage, sticking point and pain point. Therefore, this paper takes 2009-2023 A share listed companies as the research object, and empirically tests the impact of urban entrepreneurial vitality on the efficiency of enterprise supply chain. The
results show that the enhancement of urban entrepreneurial vitality helps to improve the efficiency of enterprise supply chain. Mechanism
analysis shows that urban entrepreneurial vitality can enhance the efficiency of enterprise supply chain by improving the management ability
and technological innovation level of local enterprises. From the perspective of entrepreneurial vitality, this paper has certain policy implications for enhancing supply chain resilience and promoting the development of new quality productivity.
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Original Research Article
by Xiaoqi Cheng
Finan Mar
2025,
10(4);
doi: 10.18686/fm.v10i4.14102
19 Views,
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The introduction expounds the extensive penetration of social media in the current business environment and highlights the necessity of studying its impact on the consumer decision-making process. This study focuses on the paradigm innovation of social media on the
consumer decision-making process. Based on consumer decision-making theories, it systematically analyzes the mechanism of social media
at each stage of decision-making. Through data mining and case analysis, it deeply reveals the specific impacts of social media on information acquisition, cognitive stimulation, evaluation and comparison, and other links, carefully discusses existing problems such as information
quality crises and group polarization, and proposes targeted strategies from technical, mechanical, ethical and other dimensions, providing a
more in-depth reference for enterprise marketing and consumer behavior research.
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Original Research Article
by Yang Yun, Zhang Tinghai
Finan Mar
2025,
10(4);
doi: 10.18686/fm.v10i4.14103
21 Views,
0 PDF Downloads
Against the backdrop of digital transformation and post-pandemic normalcy, the impact of online operation efficiency on regional
economic development has become increasingly prominent. Based on the Stimulus-Organism-Response (SOR) theory, this paper systematically analyzes the key influencing factors of online popularity in Chengdu’s catering industry. The study finds that consumer overall
ratings, the number of branch stores, the quantity of platform picture descriptions, and store rankings have a significant positive impact on
online popularity. Mechanism tests show that ratings form positive stimuli through consumers’ psychological cognition, while the number of
branches and picture descriptions strengthen platform exposure effects through brand trust and information transparency. The research further
proposes enhancement strategies such as packaging optimization, ranking management, and detailed page design. This study expands the theoretical framework of online catering services and provides a quantitative decision-making basis for regional catering digital transformation.
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Original Research Article
by Ruihan Xia
Finan Mar
2025,
10(4);
doi: 10.18686/fm.v10i4.14104
18 Views,
0 PDF Downloads
In the past few decades, the agricultural market has experienced a sustained wave of mergers and acquisitions, leading to a gradual concentration of industry control in the hands of a few multinational corporations. This article takes the M&A process of Monsanto as a
starting point to explore the profound impact of this concentrated trend on farmers, consumers, and the ecological environment. Research has
shown that although large enterprises gain cost advantages and higher profits through scale expansion, this concentration trend also brings
problems such as limited market competition, decreased bargaining power of farmers, and ecosystem degradation. The article also analyzes
the shortcomings of the current regulatory system in dealing with cross-border corporate mergers, and proposes the necessity of strengthening
governance mechanisms.
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Original Research Article
by Shan Zeng
Finan Mar
2025,
10(4);
doi: 10.18686/fm.v10i4.14105
22 Views,
0 PDF Downloads
Under the background of the deep adjustment of economic structure and the violent fluctuation of financial market, how to coordinate the risk and income to realize the value promotion becomes an important issue. Under different risk bearing levels, the effect of financial
asset allocation on enterprise value is significantly different, which indicates that enterprises need to adjust the allocation ratio of financial
asset accurately according to their risk bearing capacity, which is the core strategy for real enterprise value promotion.
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Original Research Article
by Jeremy Luan
Finan Mar
2025,
10(4);
doi: 10.18686/fm.v10i4.14106
22 Views,
0 PDF Downloads
Fire safety is an important guarantee for social stability and economic development. With the acceleration of urbanization and industrial upgrading, fire risks have become more complex and diversified. The limitations of traditional fire extinguishers in response speed,
precise fire extinguishing, and other aspects have become increasingly prominent. In this context, innovative technologies represented by AI
intelligent sprinkler systems have emerged, bringing revolutionary breakthroughs to the field of firefighting. This article focuses on fire extinguisher innovators, aiming to provide reference for industry development and investment decisions, and help promote the intelligent transformation of fire protection technology.
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Original Research Article
by Lu Changping, Liu Tao, He Huizhen
Finan Mar
2025,
10(4);
doi: 10.18686/fm.v10i4.14107
20 Views,
0 PDF Downloads
2020 In the year, the global public health event hit the real economy, and traditional monetary policy regulation was in an awkward
situation. The monetary authorities of many countries resumed unconventional monetary policies (UMP). The UMP has had a positive effect
on the economies of the United States and Europe in the last two global crises. This paper establishes the TPP-VAR model based on the data
of the United States and the Eurozone after January 2018. The research finds that in crisis management, UMP is usually more effective than
conventional monetary policy. When the economy is in severe turmoil, UMP can prevent economic recession, promote recovery, optimize financing conditions and enhance the effectiveness of the policy system. The impact of quantitative easing policies has a lag, and the policy lag
of the European Central Bank is even stronger. In the post-pandemic era, ultra-large-scale quantitative easing policies have played a major
role. The regulatory effect of the UMP needs to be flexibly combined with forward-looking guidance and new reversal operations. The form
of the Federal Reserve and the European Central Bank’s UMP is largely the same, but the effects of the same type of policy vary in different
economic environments.
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Original Research Article
by Qiangsheng Shen
Finan Mar
2025,
10(4);
doi: 10.18686/fm.v10i4.14108
17 Views,
0 PDF Downloads
Against the backdrop of modernization of national governance, resource and environmental auditing is confronted with cross-regional governance challenges and bottlenecks in collaborative efficiency. Based on the theoretical framework of collaborative governance
and environmental cross-domain, this paper constructs a “three-dimensional linkage” joint audit model (cross-level, cross-specialty, and
cross-regional), and systematically deconstructs the operation mechanism and practical path of joint audit through the methods of literature
research and actual case analysis. The research finds that administrative barriers, information silos and ambiguous rights and responsibilities
are the key factors restricting the collaborative efficiency of environmental audits. However, the dynamic collaborative platform based on
multi-source data collection and the “penetrating” responsibility traceability mechanism can effectively enhance the synergy of audit supervision and promote the collaborative effect of the joint audit mechanism in the process of environmental governance. The research proposes
a three-in-one collaborative auditing scheme of “system - technology - organization”, providing auditing solutions for solving cross-regional
problems in environmental governance and contributing to achieving the goal of “modernization of harmonious coexistence between man
and nature” proposed at the 20th National Congress of the Communist Party of China.
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Original Research Article
by Wu Jianfeng, Xu Xinze, Cheng Yunying
Finan Mar
2025,
10(4);
doi: 10.18686/fm.v10i4.14109
20 Views,
0 PDF Downloads
Intellectual capital, as a resource capable of creating value and enhancing corporate competitiveness, has been proven by existing
research to possess financing capabilities from both equity financing and debt financing perspectives. However, no studies have yet focused
on whether it may affect corporate trade credit financing. This paper utilizes a sample of A-share listed companies from 2011 to 2020, and
employs a panel regression model to investigate the impact of the value creation efficiency of intellectual capital on trade credit financing.
The findings suggest that: (1) the overall intellectual capital value creation efficiency in an enterprise facilitates the acquisition of trade credit
financing. Upon further examination of human capital, structural capital and relational capital respectively, it is found that only the value
creation efficiency of structural capital and relational capital exerts a positive impact on trade credit financing, whereas no significant relationship exists between human capital value creation efficiency and trade credit financing; (2) The attention of analysts and shareholdings
of institutional investors have a significant negative regulatory effect on the impact of the overall intellectual capital and relational capital
value creation efficiency on trade credit financing; (3) Further research indicates that the effect of intellectual capital value creation efficiency
on trade credit financing is significantly heterogeneous under the influence of financing constraint degree, property right nature and market
position, and property right nature and market position can play a synergistic role. In other words, the promoting effect of value creation efficiency of overall intellectual capital, human capital, structural capital and relational capital on trade credit financing is more significant in
enterprises with high financing constraints. Relational capital has effects only in state-owned and highly positioned companies, while structural capital is influential only in non-state-owned companies with lower market positioning. This paper contributes empirical evidence to the
factors influencing trade credit financing, enriches the research on the economic consequences of the value creation efficiency of enterprise
intellectual capital, and provides a theoretical foundation for enterprises and stakeholders to enhance their emphasis on intellectual capital, a
critical resource.
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Original Research Article
by Lei Lei
Finan Mar
2025,
10(4);
doi: 10.18686/fm.v10i4.14110
22 Views,
0 PDF Downloads
This article systematically explores the empowering characteristics, practical challenges, and optimization paths of AI-enabled
digital transformation of public services. In terms of empowering features, AI achieves service precision through technologies such as tourist
profiling, biometric analysis, and learning analysis; Relying on intelligent prediction, the sharing economy, and cloud-based configurations to
improve resource allocation efficiency. However, digital transformation faces three challenges: data governance, technology adaptation, and
service ethics. The optimization path includes building a three-level data governance system of “provincial coordination - municipal collaboration - grassroots implementation”, promoting technical standardization of service interface specifications, metadata standards, and knowledge graph co construction, and improving the ethical framework covering ethical review, fair certification, and value alignment. Research
provides theoretical references for balancing technological innovation and public value.
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Original Research Article
by Shichao Wang, A6NHOBa Альфия Юрьевна*, Fushuai Wang, Ben Li, Zhuoliang Zhang
Finan Mar
2025,
10(4);
doi: 10.18686/fm.v10i4.14101
22 Views,
0 PDF Downloads
This study investigates how cultural heritage protection enterprises integrate stakeholder engagement mechanisms to formulate sustainable development strategies from a value co-creation perspective. By applying Mendelow’s stakeholder matrix, it systematically analyzes the interactive patterns of multi-stakeholders including governments, local communities, and consumers in the strategic decision-making processes of cultural enterprises. Case studies are conducted on three representative entities: the Forbidden City Cultural Creatives, Dunhuang Cultural Tourism, and Wuzhen Theatre Festival. The research reveals that the power-interest dynamics of stakeholders significantly influence the formulation of sustainable strategies, and the value co-creation model driven by multi-stakeholder collaboration effectively enhances both economic performance and cultural heritage preservation efficiency. The findings provide theoretical and practical insights for cultural enterprises to balance economic benefits, social responsibilities, and environmental sustainability.
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