The Mechanism of Internet Finance on the Assets and Business of Commercial Banks in China

Internet finance has structural impact and market impact on commercial banking.Various forms of Internet finance such as third-party payment,crowdfunding,P2P lending,and internet money funds have emerged.Due to their low cost,high efficiency,and diversification characteristics,an increasing number of people are utilizing Internet finance for their businesses.This trend significantly affects traditional commercial banking operations and presents challenges.In order to gain competitive advantages through Internet finance,this paper explores how commercial banks can leverage their traditional business models.It introduces the concept,model,and characteristics of Internet finance;analyzes the importance of asset management for commercial banks;examines the influence of Internet on commercial bank’s asset management;finally proposes countermeasures for the development of Internet finance.It is advocated that commercial banks should actively explore the road of“structured finance”with all-round structural reform in the future.

Research on the Application of Big Data Technology in the Integration of Enterprise Business and Finance

With the advent of the era of big data,traditional financial management has been unable to meet the needs of modern enterprise business.Enterprises hope that financial management has the function of improving the accuracy of corporate financial data,assisting corporate management to make decisions that are more in line with the actual development of the company,and optimizing corporate management systems,thereby comprehensively improving the overall level of the company and ensuring that the company can be in business with the assistance of financial integration,can better improve and develop themselves.Based on the investigation of enterprises and universities,this article analyzes the problem of accounting talent training from both the demand and supply ends,and puts forward some suggestions for the teaching reform of accounting integration with big data in financial colleges and universities,and strives to promote the integration of business and finance.The optimal allocation of enterprise resources will gradually enhance the market competitiveness of enterprises,and explore the application strategies of big data technology in the integration of enterprise business and finance.

Optimization of Corporate Financial Management from the Perspective of Industry-Finance Integration

Enterprises can enhance their financial management by integrating their business and financial departments,facilitating the seamless sharing of information and resources.This integrated management model not only aids in lowering operating costs but also boosts market competitiveness.In the contemporary,highly competitive business landscape,the amalgamation of business and finance has become a prerequisite for corporate development.This article delves into the significance of industry-finance integration in corporate financial management,scrutinizes existing challenges in corporate financial management,and puts forth tailored solutions to optimize the overall system.

Construction of emerging business education in vocational colleges from the perspective of integration between industry and education

The construction of "emerging business education" came into being under the transformation of industrial revolution and scientific and technological revolution. The "emerging business education" has five characteristics of new connotation, new technology, new majors, new curriculum, and new talents.. The current situation and the challenges of "emerging business education" in vocational colleges are that the new connotation is unclearly defined, the new technologies are untimely updated, the new majorss are unreasonablely set, the new courses are not tightly connected, and the new talents are unsoundly trained. The construction of "emerging business education" in the vocational colleges should build a "emerging business education" system of integrating industry with education, improving technical support, rationally setting up majors or specialties, optimizing the curriculum system, and improving the talent training system.

Asian Trade Integration and the Decoupling Debate of Business Cycles

＂Decoupling＂ refers to the divergence of business cycles among different countries, while ＂re-coupling＂ corresponds to the convergence or the synchronization of business cycles among different countries. The decoupling debate is popular in the field of economics, especially after global financial crisis. As trade integration increased among Asian countries, business cycle synchronization among these countries was expected to increase through trade transmission. The aim of this study is to discover whether there has been decoupling or convergence of business cycles through various trade channels. However, theoretically, increased trade can lead to business cycle synchronization either rising or falling. Inter-industry trade resulting in higher specification will induce less synchronized business cycles, while intra-industry trade could lead to increased business cycle synchronization. Thus, it is important to distinguish between intra- and inter-industry trade flows. Both correlation and dynamic factor models are utilized to study the evolution of global business cycle linkages. Results indicate that the world factor has become less important in explaining macroeconomic fluctuations from sub-period 1961-1984 to sub-period 1985-2007, while regional factors do not play an important role in explaining aggregate volatility, with the expectation of consumption. Overall, the explanatory power of country factors increases. Domestic consumption and domestic investment variances are more driven by country and idiosyncratic factors than by the world factor, contrary to the output growth fluctuations. Regional factors and country factors also play a more prominent role in explaining gross import fluctuations than in explaining gross exports. Results cast doubt on the strong forms of both the decoupling and the re-coupling hypothesis.

O2O＇s construction based on the research of Business model with integration of online and offiine channel

With the rapid development of information technology, it appears that a single online channel or a single offline is not able to meet the consumers＇ shopping needs, the enterprises will have a better development only by making the online and offline channels be in fusion and promote each other. This paper will combine the general business modes with corporate channel integration pattern, build out different forms of the market mode including market, enterprise and customers basing on different influence level, and analyze out the enterprise how to implement the business mode of integration basing on the influence factors under the background of different business modes, then apply the corresponding O2O process to the mode, so as to broaden the enterprise selling channels for a better development.

O2O＇s construction based on the research of Business model with integration of online and offiine channel

With the rapid development of information technology, it appears that a single online channel or a single offline is not able to meet the consumers＇ shopping needs, the enterprises will have a better development only by making the online and offline channels be in fusion and promote each other. This paper will combine the general business modes with corporate channel integration pattern, build out different forms of the market mode including market, enterprise and customers basing on different influence level, and analyze out the enterprise how to implement the business mode of integration basing on the influence factors under the background of different business modes, then apply the corresponding O2O process to the mode, so as to broaden the enterprise selling channels for a better development.

Does microfinance foster the development of its clients?A bibliometric analysis and systematic literature review

This paper conducts a scientometric analysis and systematic literature review to identify the trends in microfinance outcomes from the perspective of their recipients,specifically more vulnerable people,while also focusing on the demand side.Applying the keywords“co-occurrence networks”and“citation networks,”we examined 524 studies indexed on the ISI Web of Science database between 2012 and March 2021.The subsequent content analysis of bibliometric-coupled articles concerns the main research topics in this field:the socioeconomic outcomes of microfinance,the dichotomy between social performance and the mission drift of microfinance institutions,and how entrepreneurship and financial innovation,specifically through crowdfunding,mitigate poverty and empower the more vulnerable.The findings reinforce the idea that microfinance constitutes a distinct field of development thinking,and indicate that a more holistic approach should be adopted to boost microfinance outcomes through a better understanding of their beneficiaries.The trends in this field will help policymakers,regulators,and academics to examine the nuts and bolts of microfinance and identify the most relevant areas of intervention.

Exploring the Frontier of Business and Cultivating Excellent Business Talents——Exclusive interview with Liu Xuexin,Dean of the Business Administration College of the Capital University of Economics and Business

Currently,Beijing has more than 30 universities,with four out of these being key municipal-level universities,one of which is the Capital University of Economics and Business(hereinafter referred to as CUEB)(the others being Beijing University of Technology,Capita Medical University,and Capital Normal University).“Although CUEB is a municipal-level university,it consistently ranks highly across the country.Among more than 60 finance and economics universities,five are directly administered by the Ministry of Education,and CUEB is ranked about seventh,”said Liu Xuexin,Dean of the Business Administration College of CUEB in a recent exclusive interview with China’s Foreign Trade.

Research and Practice on the Cultivation Model of Compound and Innovative Talents with Interdisciplinary--Taking the“Internet+Finance”Experimental Class as an Example

As major contemporary scientific,technological,economic,and social issues are highly comprehensive and interdisciplinary,society has entered a period of systematization and integration.The traditional education model of“discipline-centered”makes the training of talents excessively“single”,while the actual problems are becoming more and more complex and comprehensive,reflecting the multi-disciplinary nature.Disciplinary professional education is not suitable for the current new economy,new industry,and new era.Taking the“Internet+Finance”experimental class as an example,this article elaborates on the reform ideas of an interdisciplinary and compound innovative talent training model,and details the reform experience in four aspects:the curriculum system,characteristic professional orientation training model,collaborative teaching organization model and interdisciplinary talent training management model.After two years of construction and practice,the goal of interdisciplinary talent training under the background of new engineering disciplines has been achieved quite effectively.

Tourism Statistics and the Business Register in Italy： A Comparative Analysis and future Outlooks for Integration

After the proposal of a possible insertion of tourism statistics （supply side） （TS） into Framework Regulation Integrating Business Statistics （FR1BS） on which an interesting debate is in progress between Eurostat and NSls, Istat （Italian Institute of Statistics） has started a costs/benefits analysis of this integration. ASIA （Statistical Register of Active Enterprises）, built up by Istat, represents in Italy the official source about the structure and the economic performance of the enterprises. ASIA, whose statistical units are enterprises of industry and services, has been developed through the statistical integration of different administrative sources, other minor archives available （covering particular sectors） and structural business statistics currently produced by Istat. The supply side TS are produced by lstat through surveys via Intermediate Bodies （Local Authorities）： each Intermediate Body has its own local register of accommodation establishments based on Local Kind-of-activity unit （LKAU）. In this paper, the results of a comparative analysis between the statistical units as recorded in ASIA and as surveyed by TS are presented; from first outcomes, considerable issues about data quality appear both at level of coverage for the three Nace groups of the TS （also underlined in the Methodological Manual on Tourism Statistics where for Italy a difference of 70% is reported） and for loss information relating to the location of the activities （switching from LKAU to Enterprises） as well as for timeliness （ASIA has two years of delay）. Then, the administrative local tourism registers （LTR） are analysed to understand： how many they are, their dissemination in the Italian territories, their primary purpose and source, the variables contained, the frequency of updates. This preliminary analysis is needed to identify the operative activities that Istat, together with the Intermediate Bodies, should start to use administrative archives for statistical purposes and to develop a unique tourism satellite archive （TSA）, facing many difficulties related to the reception of several LTR as well as methodological issues for record linkage. On the other hand, a TSA would lead numerous advantages： a unique and official list of internal accommodation establishments; a step towards integration of TS into FRIBS; a starting point to begin to use also administrative data produced by the Italian Police （mandatory communications on guests in the interests of public safety）, having a comparison term to assess their coverage.

The Trend of Scientific and Refinement of Financial Management in Business Units

In the new era,financial management has become increasingly sophisticated and has had a significant impact and change on various industries and fields.This paper analyzes the key significance of performance appraisal in institutions and proposes ways to enhance performance appraisal innovation,which will prevail in financial management innovation in institutions and upgrade the value of its applications.

Qi Business Culture and the Cultivation of Financial Professionals in Higher Vocational Institute

This paper combs the rise and development process of Qi business and Qi business culture,and concludes that Qi business culture has such spiritual connotations as pragmatism,openness,integrity,innovation,self-improvement and flexibility.It is not only a part of Chinese excellent traditional culture,but also has important time value for today's commercial and trade activities and the cultivation of financial professionals,it can be used to guide the training of finance and economics professionals in higher vocational institute,establish the curriculum system of professional innovation integration,cultural penetration,progressive level and the hybrid teaching mode of matrix theory and practice integration,so as to cultivate outstanding technical and skilled talents of finance and economics major.

Securing Stock Transactions Using Blockchain Technology: Architecture for Identifying and Reducing Vulnerabilities Linked to the Web Applications Used (MAHV-BC)

This paper deals with the security of stock market transactions within financial markets, particularly that of the West African Economic and Monetary Union (UEMOA). The confidentiality and integrity of sensitive data in the stock market being crucial, the implementation of robust systems which guarantee trust between the different actors is essential. We therefore proposed, after analyzing the limits of several security approaches in the literature, an architecture based on blockchain technology making it possible to both identify and reduce the vulnerabilities linked to the design, implementation work or the use of web applications used for transactions. Our proposal makes it possible, thanks to two-factor authentication via the Blockchain, to strengthen the security of investors’ accounts and the automated recording of transactions in the Blockchain while guaranteeing the integrity of stock market operations. It also provides an application vulnerability report. To validate our approach, we compared our results to those of three other security tools, at the level of different metrics. Our approach achieved the best performance in each case.

Integration of Individualized Management Systems （MSs） as an Aggregating Factor of Sustainable Value for Organizations An Overview Through a Review of the Literature

Nowadays, there exist various standards for individual management systems （MSs）, at least, one for each stakeholder. New ones will be published. An integrated management system （IMS） aims to integrate some or all components of the business into one coherent and efficient MS. Maximizing integration is more and more a strategic priority in that it constitutes an opportunity to eliminate and/or reduce potential factors of destruction of value for the organizations and also to be more competitive and consequently promote its sustainable success. A preliminary investigation was conducted on a Portuguese industrial company which, over the years, has been adopting gradually, in whole or in part, individualized management system standards （MSSs）. A research, through a questionnaire, was performed with the objective to develop, in a real business environment, an adequate and efficient IMS-QES （quality, environment, and safety） model and to potentiate for the future a generic IMS model to integrate other MSSs. The strategy and research methods have taken into consideration the case study. It was obtained a set of relevant conclusions resulting from the statistical analyses of the responses to the survey. Globally, the investigation results, by themselves, justified and prioritized the conception of a model of development of the IMS-QES and consequent definition and validation of a structure of an IMS-QES model, to be implemented at the small- and medium-sized enterprise （SME） where the investigation was conducted.

Service and Environment for the Enterprise Business Processes in CIM Integrating Infrastructure

The controlling and processing service and supporting environment for the enterprise business processes in HIT-IIS, a prototype of the CIM-OSA-IIS, are introduced.The detailed design about the business process services and the front-end services of HIT-IIS art given. It is focused on the structure, organization and workflow of the services ard environment.

A Model of Interaction Between the Financial Sector and the Energy Sector:The Hypothesis of Energy Currency

Through an overview of developments in finance and in the energy sector, this work represents an analysis of the relationship of their trends. It is carried out through an interdisciplinary approach. From the original physical currency to electronic payment methods, digital currency is becoming a new concept. It’s still a fiat money which is only as good as the organization that issues it. Because Bitcoin is not issued by any central bank, there is no centralized management of the country;there is a great risk of losing control. Finance is not entirely a virtual economy. So, currency development trends must return to intrinsic value. There is the possibility for the energy currency alsofor its stability. As an energy currency, it is not necessary to print, not to apply the exchange rate, no corresponding pollution, and even better it will help to alleviate the existing environmental problem facing the challenges of global environmental degradation. The international unit of energy can be seen as the unit of energy money because of its intrinsic value. As stated by Scott, there are good reasons to consider energy as a potential currency. If the future integrates energy into the financial system and becomes a means of payment, it will not only eliminate the risk of currency depreciation, but also optimize energy saving and use to achieve environmental protection. The emphasis is given to the integration of the financial sector with the energy one. The aim is to develop a parametric numerical model able toforesee the possibility of combining finance and energy, allowing a sustainable development. This allows us to analyze the pros and cons of the existing energy cryptocurrencies. The last step consists in identifying the main characteristics that this cryptocurrency must have in order to achieve the desired results.

An Instrument Variable Model of the Impact of Financing Decisions on Performance of Small Businesses in Australia＇s Pre-global Financial Crisis

Firm level empirical research on the impact of financing decisions on small business performance is scarce in the Australian context. This study adopts an instrument variable （IV） approach to analyze the impact of financing decisions, in particular, equity or debt are obtained, on the performance of small businesses by using the panel data from Australian Bureau of Statistics （ABS） Business Longitudinal Database （BLD） 2004-2005, 2005-2006, and 2006-2007. Performance variables, i.e., sales and expenditure, are used as dependent variables. Equity and debt obtained are used as independent variables （or known as treatments）. IV includes size of the business, age of the business, number of locations, and industry division etc.. The results from IV modeling outperformed those obtained from OLS （Ordinary Least Squares）. Findings include： （1） financing has significantly positive impacts on the performance of small businesses in Australia; （2） equity and debt financing are used as alternatives, comparatively, equity financing is preferred; （3） capital purchases are largely funded by debt financing, while non-capital purchases and salary expenses are funded by equity financing; and （4） equity financing is more often used by firms with increasing capital purchases and declining non-capital purchases, while debt financing is used by firms with the opposite trends. The paper concludes with a discussion of the limitations of this research and future research＇s directions.

Integrated Reporting in Business Communication： On the Example of Polish Listed Companies

This work focuses on integrated reporting as an element of companies＇ communication with the external environment. It shows the place and role of integrated reporting in system of communication with various stakeholders and with investors in particular. It also proposes that integrated reporting is a concise communication tool depicting how an organization＇s strategy, governance, performance, and prospects lead to the creation of value over the short, medium, and long term. This means an integrated representation of a company＇s performance in terms of financial and other value relevant information. Thus, integrated reporting goes beyond the traditionally understood business financial reporting. The main aim of this paper is to explain the concept of integrated reporting and to identify the role and place of this reporting type in the system of corporate communication. An additional aim is to show the development of integrated reporting in Poland which is a relatively new EU member as well as emerging market. In conclusion, the considerations stated that the report integrated--as a report integrating financial and non-financial content, covering both past and future （which facilitates decision making）--can effectively satisfy the information needs of investors. In Poland, unfortunately, integrated reporting is not widely used. A company which produces integrated reports is based on different standards. This hampers the comparability of these reports and thus reduces their use by stakeholders. In consequence, the information needs of stakeholders are not satisfactorily addressed.