Environmental,Social,Governance(ESG)Influence on Company Value Registered IDXESGL 2020-2022

Global warming has increased people’s awareness of environmental protection and social responsibility,which is also reflected in the way they invest,with environmental,social and corporate governance aspects starting to receive more attention.The purpose of this study is to investigate how environmental,social,and governance(ESG)performance,as measured by ESG risk assessment,affects corporate value.The population of this study consists of his 90 companies registered in his IDXESGL using a sampling method based on purposive sampling,and the total sample includes his 60 companies.The data analysis method used is a simple linear regression test.The findings of this study show that ESG risk assessment influences corporate value.

Valuing options to renew at future market value:the case of commercial property leases

In this study,we develop and empirically test a valuation model for a commonly encountered option in office leases:a tenant’s option to renew at future market rent(a fair market value)with lease termination as the maturity date.The model integrates decision analysis with real options analysis and market risk with private risks.“Option value”is defined as the private value of the option to either party pre-contract,while“option price”assumes a fair agreement between transacting parties and can be positive(rental premium paid)or negative(rental discount offered).Without manifest expectations,an analysis of a sample of office leases supports the model’s logic with price estimates in a practical range.The tenants’option price/value is shown to have a negative relationship with the original/renewal lease term;conversely,the landlords’option value is positively related to the original/renewal term.Comparative analyses show that transaction costs have a positive effect on tenants’option value and on prices,while vacancy costs and the vacancy period are both positively related to the landlords’option value and negatively related to price.Market rent is found to have a negative relationship with option price.Overall,this study provides a theoretical analysis and empirical tests of the value of a real option that allows option holders to renew/extend their contracts at a fair market value.

Research on the Continuous Participation of Virtual Brand Community in Decision-Making Based on Social Influence Theory

Based on the social influence theory,the influence of virtual brand community members’perceived value on social influencing factors is discussed,and the influence of social influencing factors on virtual brand community members’continuous participation in decision-making is analyzed.Through an empirical analysis of the survey data of Xiaomi users in the Xiaomi Community,the results showed that the perceived value of virtual brand community members significantly and positively affects social influencing factors,which also significantly and positively affect the members’continuous participation in virtual brand communities.Therefore,only by sharing valuable information resources and improving the efficiency of information flow,thereby enhancing the perceived value of the community and increasing the stickiness of members to the virtual community,will we have an opportunity to enhance the interaction among members and effectively promote continuous participation in community activities through the strong bonds formed among members.

Age Identity and Elderly Job Participation in China

In the context of rising life expectancy,there is a significant discrepancy between Chinese seniors’self-perceptions of the start of old age and the expectations of society around this age.The traditional paradigm,which forecasts individual economic behavior and formulates economic policies based on societal standards of age,is put to the test by this disparity.This study,which draws from the China Longitudinal Aging Society Survey(CLASS),examines the factors,processes,and improvement strategies that affect how older people choose to work.The following are our conclusions:(i)Chinese elderly believe their old age starts from 70 years on average;delaying perceived old age is a denial of aging and raises the likelihood of finding work.Elders who are youthful at heart have a 2.4%higher chance of remaining employed than elders who are old at heart.(ii)In contrast to old-at-heart elders,young-at-heart elders are more likely to maintain their middle-age lifestyles,continue working,become motivated to engage in social activities,and gain the confidence to face challenges and continue in their career.(iii)If the perceived old age is above 70 years,the milestone event of aging is retirement from work,and there are external pressures,particularly pressures from family intergenerational support,the perception of old age will have a more proactive impact on older workers.(iv)Despite rising pension benefits,older people’s decision to remain in the workforce is still heavily influenced by their perception of their age.However,this effect is notably gender-specific,as older women’s decision to remain in the workforce is not greatly influenced by their own perception of their age.

Seed Selection for Data Offloading Based on Social and Interest Graphs

The explosive growth of mobile data demand is becoming an increasing burden on current cellular network.To address this issue,we propose a solution of opportunistic data offloading for alleviating overloaded cellular traffic.The principle behind it is to select a few important users as seeds for data sharing.The three critical steps are detailed as follows.We first explore individual interests of users by the construction of user profiles,on which an interest graph is built by Gaussian graphical modeling.We then apply the extreme value theory to threshold the encounter duration of user pairs.So,a contact graph is generated to indicate the social relationships of users.Moreover,a contact-interest graph is developed on the basis of the social ties and individual interests of users.Corresponding on different graphs,three strategies are finally proposed for seed selection in an aim to maximize overloaded cellular data.We evaluate the performance of our algorithms by the trace data of real-word mobility.It demonstrates the effectiveness of the strategy of taking social relationships and individual interests into account.

Sensitivity of Personal Account Accumulated Value of New Rural Social Pension Insurance to Variation of Uncertainties

The personal account of new rural social pension insurance raises funds in the form of individual premium-paying,collectively pooled subsidy and government subsidy.The personal account accumulated value has a decisive influence on the payment level of personal account pension.The personal account accumulated value has a direct or indirect relationship with the income level of farmers,premium-paying level,the insured period,investment return rate of funds and other factors.Analysing the impact of infinitesimal variation of these factors on accumulated value of personal account pension,is of great significance to improving and consolidating personal account,and achieving sustainable development of new rural social pension insurance.

Recommending Friends Instantly in Location-based Mobile Social Networks

Differently from the general online social network(OSN),locationbased mobile social network(LMSN),which seamlessly integrates mobile computing and social computing technologies,has unique characteristics of temporal,spatial and social correlation.Recommending friends instantly based on current location of users in the real world has become increasingly popular in LMSN.However,the existing friend recommendation methods based on topological structures of a social network or non-topological information such as similar user profiles cannot well address the instant making friends in the real world.In this article,we analyze users' check-in behavior in a real LMSN site named Gowalla.According to this analysis,we present an approach of recommending friends instantly for LMSN users by considering the real-time physical location proximity,offline behavior similarity and friendship network information in the virtual community simultaneously.This approach effectively bridges the gap between the offline behavior of users in the real world and online friendship network information in the virtual community.Finally,we use the real user check-in dataset of Gowalla to verify the effectiveness of our approach.

Interaction Dynamics in a Social Network Using Hidden Markov Model

Agents interactions in a social network are dynamic and stochastic. We model the dynamic interactions using the hidden Markov model, a probability model which has a wide array of applications. The transition matrix with three states, forgetting, reinforcement and exploration is estimated using simulation. Singular value decomposition estimates the observation matrix for emission of low, medium and high interaction rates. This is achieved when the rank approximation is applied to the transition matrix. The initial state probabilities are then estimated with rank approximation of the observation matrix. The transition and the observation matrices estimate the state and observed symbols in the model. Agents interactions in a social network account for between 20% and 50% of all the activities in the network. Noise contributes to the other portion due to interaction dynamics and rapid changes observable from the agents transitions in the network. In the model, the interaction proportions are low with 11%, medium with 56% and high with 33%. Hidden Markov model has a strong statistical and mathematical structure to model interactions in a social network.

The moderating effect of social cognitive factors on self-management activities and HbA1c in Thai adults with type-2 diabetes

Background: Diabetes mellitus (DM) has become a serious chronic disease.Self-management strategies help persons with DM make choices which will develop skills needed to reach their goal of blood glucose control and allow them to be successful in reaching goals.Objective: To examine the impact of self-management activities on HbA1c for persons with DM and to examine the impact of social support,self-efficacy and Buddhist values as moderators on the relationship between the self-management activities and HbA1c.Method: This study is a cross-sectional design.The sample included 401 Thai adults diagnosed with type 2 diabetes,aged 20-65 years old who had at least one HbA1c test in the last three months were recruited.Participants completed four questionnaires to measure self-management activities,as well as self-efficacy,Buddhist values and social support as moderating factors on self-management activities and HbA1 c,Results: The self-management activities were negatively associated (β =-2.05,p ≤ 0.001) with HbA1c.The Social support,self-efficacy and Buddhist values had a significant interaction effect between selfmanagement activities and HbA1c (β =-0.97,p ≤ 0.05,β =-0.18,p ≤ 0.05 and β =-2.76,p ≤ 0.001).Conclusion: The diabetes self-management activities were more strongly associated with HbA1c under conditions of high social support,self-efficacy and health beliefs with Buddhist values.Future interventions for T2DM self-management programs should incorporate mechanisms to measure and support these factors.

Relationship between Adolescent Materialistic Values and Self-transcendence Values in the New Era

In recent years,with increasingly abundant materials,the materialistic values are becoming more and more common in modern times.Some studies also revealed the relationship between materialism and self-enhancement values.Based on existing studies,this paper sorted out the relationship between materialism and self-transcendence values.Based on this,it came up with some new research directions and methods to improve the self-transcendence behavior of materialists,including using moral compensation to achieve the transformation from self-enhancement to self-transcendence,and using empathy to achieve the transformation from self-enhancement to self-transcendence.

The Internal Logic and Value Pursuit of Green Development of Socialism with Chinese Characteristics

The green development of socialism with Chinese characteristics is a scientific and rational choice based on the development theory of Marxism,reflecting on historical practice and practicing the value pursuit of Communists.Comprehensive understanding and mastering the internal logic and value pursuit of the green development of socialism with Chinese characteristics for a new era is in favor of upholding and improving the system of socialism with Chinese characteristics in the new situation,implementing the strictest ecological and environmental protection system,and unswervingly taking the path of innovation,coordination,green development,openness and sharing,and providing ideological powers and operational guidance for the construction of a Beautiful China and the modernization of harmonious coexistence between mankind and nature.

Perspectives on Socialization Factors in University Students in the People's Republic of China and the United States

This paper focuses on the socialization factors of undergraduate students that lead to the readiness for education.Factors such as parental socialization,student background characteristics,pre college normative pressures and influences,and non college refernce groups will be helpful in relating to reality of undergraduate students.This information will help both faculty and administrators meet the needs of students by understanding the processes of development and change in their college years.

The Pathway towards Social Responsibility in Italian Wine Sector: The Feudi di San Gregorio S.p.A. Experience

The traditional business view—which assumes that the main contribution of companies to society is the creation of economic value—is being surpassed by a growing awareness of other values, including social and environmental ones. The diffusion of Corporate Social Responsibility (CSR) in all sectors and, in recent time, also in the wine business, has been based on a stakeholder approach. Most of the existing key concepts and tools addressing CSR issues have been developed by, and in, the context of large enterprises. The multitude of Italian wine SMEs (small and medium-sized enterprises) remain at an early stage of environmental and social management, limited in most cases to local activities, characterized by an occasional approach and unrelated to the business strategy. But, due to increased pressure from stakeholders, environmental and social concern is gradually growing in SMEs as well. Nevertheless, CSR initiatives developed by large companies frequently fail when they are adopted by SMEs and also by the wine SMEs. In recent years, major companies have felt the need to work on CSR and progressively defined and adopted a wide range of instruments such as codes of conduct, process standard, environmental management standard, cause related marketing, corporate social reports, sustainability reports, etc. These instruments more than often represent the final result of experiments established by large sized organizations, often operating in distant countries, which have decided to satisfy the multiple requests from the always more complex context in which they operate. Many companies, therefore, have orientated themselves towards the accomplishment of new objectives centred, not only on gaining profit but, moreover, towards the creation of values: a more extensive value better known as “pluri-dimensional” shared by all the stakeholders within a new interdependent dynamism and inspired by a multitude of references (such as UN Global Compact, AA1000 Guidelines, Global Reporting Initiative, SA8000, etc.). The perception of the concept of corporate responsibility and its possible practical application in a wine-growing company is the subject of continuous debates, always in search of a globally shared interpretation. Sustainable and social initiatives require, in fact, planning, monitoring and enhancement of knowledge. This is a process that requires a tirelessly oriented approach to continuous improvement. The aim of this paper is to delineate efficient ways of promoting CSR, considering wine SMEs’ specific profiles and needs. Moreover, the paper is aimed at highlighting case of Feudi di San Gregorio S.p.A. The company has always been oriented to pursue management models capable of generating social value (in conjunction with that economic) at the systemic level (so-called shared value). This in order to evaluate the contribution that CSR instrument adopted has offered to build organization’s sustainability in its three dimensions: economic, environmental and social.

Evaluation the Price of Multi-Asset Rainbow Options Using Monte Carlo Method

Solution of the system stochastic differential equations in multi dimensional case using Monte Carlo method had many useful features in compare with the other computational methods. One of them is the solution of boundary value problems to be found at just one point, if required (with associated saving in computation), whereas deterministic methods necessarily find the solution at large number of points simultaneously. This property can be particularly useful in problems such option pricing, where the value of an option is required only at the time of striking, and for the state of the market at that time. In this work we consider a European multi-asset options which mathematically described by the system of stochastic differential equations. We will apply Monte Carlo method for the solution of that system which is the price of Multi-asset rainbow options.

Analysis of the Network Ideological and Political Guidance under the Socialism Core Values

The core values of socialism is a unique value concept in our country. It has a strong scientifi c and rational needs. The socialist core values education is a branch of the ideological and political education. From the perspective of the core values education in ancient China, this paper discusses the education of the socialist core value in related issues. Based on the great practice of Chinese characteristic socialism, this paper deeply studies from the aspect of Marxism and socialism value theory of the basic issues of the construction of socialist core values, systematically analyzes the scientifi c connotation, signifi cance, content, structure and basic approaches of the socialist core value education, striving to present some new idea and viewpoints on the above topics. Under the influence of the network environment, the socialist core values should refl ect its value to guide the network ideological and political, make the network environment more healthy, more adapt to the development of the contemporary society. This paper discusses the network ideological and political guidance under socialism core values.

Envisioning the Profile of Chinese Culture——from the Perspective of the Social Value Theory

For a few decades China has undergone an enduring, drastic and complicated transformation. The structure and form of Chinese culture has been profoundly shaped and re-shaped during this process. With careful analysis of the history and the actualities, this paper presents a sketch of Chinese culture that highlights three significant traits; an elegant temperament featuring both classicality and novelty, an intrinsic value focusing on nature and freedom, and an encompassing structure marked by harmonious diversity. A new Chinese culture has already revealed her profile against the sunglow at the dawn of the new era. Beautiful and promising as it is, Chinese people believe that she deserves being heartily applauded, warmly welcomed, and boldly embraced.

Research Review of the Identification of Socialist Core Values

In the Sixth Plenary Session of the 16th Central Committee, China first proposed the strategic policy of building a socialist core value system. After the policy was put forward, many theorists and politicians discussed and studied the identification of socialist core values in many aspects. Specific aspects include the specific role of socialist core values, basic concepts, implementation effects, and future development. The complexity and embarrassment of its theory will bring inconvenience to the indepth understanding of the masses, therefore, this paper has sorted and analyzed the issue of the identification of socialist core values, and made a better narrative of the research and discussion published by talents in various fields, which made people have a better understanding of the socialist core values.