Journal of Frontier in Economic and Management Research
ISSN：3079-465X (Online)|3107-2127(Print) , It is an international academic open access, peer-reviewed online journal that focuses on publishing cutting-edge research papers in various fields of economics and management. The papers published cover research areas of interest to researchers, practitioners and scholars in different international contexts.
International Academic Journal Press Co., Limited
Initiatives for Enhancing Service Quality in Local Chain Catering Enterprises Using the SERVQUAL Model
This study examined service quality problems in local chain catering enterprises and proposed initiatives to enhance service quality using the SERVQUAL model, with Chunji Roast Goose, a Guangxi-based local chain, as the case study. A qualitative approach was employed. Data were collected from 622 online reviews posted between August 2024 and June 2025 on Meituan, Dianping, and Ele.me, as well as from semi-structured interviews with 21 customers and 27 internal staffs. Data analysis integrated consumer reviews and interview data through cleaning, SERVQUAL-based coding, sentiment and frequency analysis, and triangulation, with findings synthesized into empirically grounded and practical initiatives. The findings revealed that tangibles were affected by hygiene deficiencies and poor facilities. Reliability was weakened by inconsistent service standards and billing errors. Responsiveness was constrained by long waiting times during peak hours. Assurance was undermined by impolite staff behavior and insufficient training. Empathy was limited by the lack of family-friendly support, such as baby seats and children’s utensils. Initiatives included stricter hygiene practices and facility upgrades for tangibles, standardized operating procedures for reliability, optimized staff allocation for responsiveness, service etiquette training for assurance, and customer profiling systems to enhance empathy. The study provided practical insights for local chain catering enterprises seeking to improve service quality and strengthen customer satisfaction.
catering enterprise; service quality; SERVQUAL model
Copyright (c) 2026 Journal of Frontier in Economic and Management Research https://creativecommons.org/licenses/by/4.0
The Impact of the Influencer Economy on Gen Z's Impulse Buying Behavior: An Empirical Study Using the SOR Model
To explore the mechanisms by which the influencer economy affects Generation Z's impulse buying behavior, this study, based on the SOR model, surveyed 500 Chinese Gen Z consumers who had made purchases recommended by influencers within the past three months. Descriptive statistics, reliability analysis, confirmatory factor analysis (CFA), structural equation modeling (SEM), and Bootstrap mediation tests were employed for empirical analysis. The results revealed that influencer traits, content quality, promotional activities, and monetization strategies all had significant positive effects on Gen Z's impulse buying behavior. Perceived value and pleasure played a significant mediating role between these stimuli and impulse buying behavior, demonstrating a "cognitive-affective" dual-pathway mechanism. Specifically, promotional activities stimulated price-sensitive impulses, influencer traits and content quality enhanced emotional motivation, and monetization strategies enhanced perceived value and purchase intention through contextualized placement. This study expanded the application of the SOR model in the context of digital consumption and provided practical references for content creators, brands, and platforms to promote rational consumption among Generation Z.
influencer economy;impulse buying behavior;SOR model;Generation Z
Chinese FDI in Vietnam under Xi Jinping’s policy in the 21st century
This research study, entitled as “Chinese FDI in Vietnam under Xi Jinping’s Policy in the 21st Century”, aims (1) to study Chinese FDI in Vietnam under Xi Jinping’s policy, and (2) to study the factors of Chinese FDI in Vietnam and the change on geo-economics. The strategy of Chinese FDI in Vietnam under Xi Jinping’s policy in the 21st century is a result of President Xi Jinping's announcement of the Belt and Road Initiative (BRI). The strategy has evolved into partial cooperation between China and Vietnam, which is shaped by China's economic relations strategy with ASEAN. This extent will be a crucial driving force for China’s investment in Vietnam. Moreover, Vietnam has a high potential as a groundwork for investment, production, and export to other foreign countries. Since the factors of Chinese FDI in Vietnam and the change on geo-economics are involved with politics and economics, they have an impact on China's investment in Vietnam. The political factor has risen due to the policy of President Xi Jinping regarding the declaration of the BRI. Economic factor concerns the opening of new markets, the release of domestic supply, and the adjustment of international reserve funds by establishing the Asian Infrastructure Investment Bank (AIIB). Meanwhile, China's open strategy towards foreign countries has brought its strategic investment policies in Vietnam closer together, as well as the economic interests of both countries. This may lead to a significant impact on economic and political relations between China and Vietnam in the future.
A Study on the Commercialization Path and Sustainable Development of Intangible Cultural Heritage: A Case Study of Digital Platforms
As a vital carrier of human cultural diversity, intangible cultural heritage (ICH) faces significant challenges regarding its preservation and inheritance in contemporary society. Against the backdrop of a rapidly evolving digital economy, leveraging digital platforms to promote the market-oriented operation of ICH has emerged as a crucial pathway for achieving its living transmission and sustainable development. Grounded in cultural capital theory, sustainable development theory, and platform economy theory, this paper systematically analyzes the specific pathways through which ICH can achieve commercialization via digital platforms. These pathways primarily manifest in three core operational models: transaction platform models, customized service models, and video-based teaching models. The study finds that digital platforms can effectively expand the market reach of ICH products, stimulate consumer demand, and reshape the ecosystem of inheritance. However, this process also confronts profound challenges, including the dilution of cultural authenticity, tendencies towards excessive commercialization, the exacerbation of inequality in inheritance due to the digital divide, and the lack of robust intellectual property protection. This paper argues that the commercialization of ICH and its cultural preservation are not inherently contradictory. The key lies in establishing a tripartite framework for sustainable development, guided by "cultural value leadership, market mechanism drive, and institutional system safeguards." Accordingly, the paper proposes several policy recommendations, such as establishing an assessment mechanism for cultural authenticity, improving the governance system of digital platforms, fostering multi-stakeholder collaboration, and advancing innovations in the intellectual property system for ICH. These recommendations aim to provide theoretical references and practical guidance for the preservation, transmission, and development of ICH in the digital era.
Analysis of the Operating Capacity of Chinese New Energy Electric Vehicles Industry: Taking NIO as an Example
Spurred by the global climate crisis, nations worldwide are accelerating energy-structure adjustments and promoting the low-carbon transformation of the transport sector through policy incentives. Concurrently, the deep integration of digital technologies and artificial intelligence is reshaping the automotive landscape, driving the joint evolution of electric powertrains and intelligent-driving capabilities and laying the technological foundation for smart mobility solutions. Amid this shift, an emerging cohort of next-generation automakers has entered the market. This study focuses on NIO Inc. as a representative firm within the global new-energy-vehicle (NEV) segment. Based on the operational capacity theory, study selects three key operational ratios: accounts receivable turnover, inventory turnover, and total asset turnover. Its primary objectives are to evaluate NIO’s operational efficiency against industry benchmarks by checking NIO’s annual financial report data from 2019 to 2023, and to propose actionable recommendations for the operational challenges identified. The study found that the accounts receivable turnover and inventory turnover of NIO fluctuated significantly, while the total asset turnover was relatively low. To address that, three improvement suggestions were proposed: refining credit management, optimizing inventory management, and enhancing asset utilization. It is hoped that these suggestions would provide a reference for other NEV enterprises and contribute to better promoting development of the industry.
Copyright (c) 2025 Journal of Frontier in Economic and Management Research https://creativecommons.org/licenses/by/4.0
Research on the Impact of Free Cash Flow on Corporate Financing Constraints
Free cash flow and financing constraints can exert significant influences on the operational development of enterprises. Based on the pecking order theory and using data from A-share listed companies in China, this paper employs fixed-effects models and moderation effect models to examine the relationship and mechanisms between enterprises' free cash flow generation capacity and their financing constraints.The study found that: (1) Free cash flow can alleviate corporate financing constraints. (2) Corporate performance plays a positive moderating role in the impact of free cash flow on financing constraints. (3) The impact of free cash flow on financing constraints is weaker in state-owned enterprises compared to non-state-owned enterprises. The findings of this paper imply that free cash flow can have a significant impact on corporate financing activities. Therefore, enterprises should pay more attention to their cash flow indicators, signaling their operational stability and risk management capabilities to the outside world, thereby reducing the level of financing constraints faced by the enterprise.
Transformative Impacts of Big Data Technologies on the Credit Reporting Industry: Drivers, Challenges, and Future Trajectories
Amid the rapid evolution of the digital economy, big data technologies are reshaping the foundations of traditional credit reporting by expanding data sources, refining modeling methods, and enhancing risk response capacity. From the integrated perspective of the “technology–institution–ethics” triad, this paper systematically reviews 33 studies published between 2012 and 2025, supplemented by representative case analyses. The review follows PRISMA 2020 guidelines, covering both international literature and China-specific practices. The analysis shows that while big data enables more dynamic, precise, and intelligent credit evaluation, it also generates systemic risks, including privacy infringement, algorithmic bias, model opacity, and regulatory lag. To address these dilemmas, a comprehensive governance framework is proposed that combines explainable artificial intelligence, privacy-preserving computation, cross-sector regulatory coordination, and ethical algorithmic norms. The study acknowledges its limitations as a review-based work—particularly in terms of proprietary data accessibility, interpretability of complex models, and empirical cross-platform validation—and suggests future research directions involving real- world experimentation, interpretable deep models, and multi-institutional governance mechanisms. Overall, this research aims to provide theoreticalfoundations and policy insights for building an open, transparent, and sustainable digital credit ecosystem.
A Study on the Evaluation of High-Quality Development of Enterprises in the Context of Digital Transformation: A Case Study of Hualing Steel
In the context of the digital economy, digital transformation of enterprises has become a current hot topic. This study focuses on Hualing Steel to explore how enterprises can achieve high-quality development through digital transformation. The paper employs indicators of efficiency, innovation, and green development, utilizing the entropy and TOPSIS methods to quantitatively assess transformation performance from 2013 to 2023. The analysis yields three key conclusions: (1) Digital transformation has yielded significant outcomes, with the highest comprehensive performance observed in 2021, coinciding with the launch of the 5G smart factory; (2) A structural characteristic of "efficiency improvement leading, with innovation-driven development lagging" is identified; (3) Recommendations are made for deepening the application of digital technologies, optimizing enterprise operation management systems, enhancing innovation-driven development, and improving talent development systems. These findings provide a theoretical framework and practical model for the transformation and upgrading of traditional manufacturing industries.
The Paradox of Goodwill Measurement and the Impact of M&A Synergy Effects on Goodwill Measurement
This study aims to elucidate the formation mechanism of the goodwill measurement paradox and assess the impact of M&A synergy effects on goodwill measurement. Drawing upon empirical evidence from case studies, such as the Geely-Volvo acquisition, and broader empirical research on listed companies, the study seeks to offer practical guidance for refining industry-specific goodwill measurement standards within the registration system. Based on the "Institutional Environment-Synergy Effect-Goodwill Measurement" analytical framework, this study selects 528 non-same-control M&A samples of A-share listed companies from 2018 to 2023 as the research objects, and uses principal component analysis and a moderated mediation model to empirically test the impact of operational, financial, and management synergy effects on goodwill measurement, as well as the moderating roles of industry heterogeneity and policy changes. The conclusions are as follows: 1. The current "difference method" in goodwill measurement shows a significant deviation, with non-synergistic premiums accounting for 21.5%, and reaching as high as 34.2% in technology-intensive industries. 2. Operational, financial, and tax synergy effects all have a positive impact on goodwill measurement, with operational synergy being the most significant (coefficient 0.315***), amplifying to 0.471*** in technology-intensive industries. Synergy effects are mainly transmitted through M&A premiums, with the mediating effect of operational synergy accounting for 42.8%. 3. After the policy strengthening in 2019, the correlation between synergy effects and goodwill measurement increased by 12.5%, but technology-intensive industries still have a high impairment rate of 15.2%, indicating that policies have yet to fully eradicate the disparities in measurement risks among industries. 4. This study is the first to quantify the moderating effects of policy changes and industry attributes on goodwill measurement, theoretically unveiling the core of the goodwill measurement paradox, and practically offering crucial guidance for refining relevant regulations, enhancing valuationtion systems, and formulating regulatory policies.
Why are executives interested in technology policy?——Research on the mechanism of science and technology policy affecting enterprise innovation
This paper selects the A-share non-financial listed companies in China from 2007 to 2018 as the research object to study the impact of science and technology policy on enterprise innovation and its influence mechanism, and further explore the effectiveness boundary of science and technology policy. The results show that there is a significant positive correlation between science and technology policy and executive compensation; there is a significant positive correlation between technology policy and enterprise innovation; there is a significant positive correlation between science and technology policy and enterprise innovation; executive compensation plays a partial intermediary effect between technology policy and enterprise innovation. Further research on the effectiveness boundary of science and technology policy shows that: first, management power can strengthen the positive correlation between science and technology policy and executive compensation; second, regional factors have a greater impact on the relationship between science and technology policy and enterprise innovation. The ethnic regions and western regions with poor economic development level weaken the positive incentive effect of science and technology policies on enterprise innovation.
Government regulations, internal governance and the efficiency of accounting firms
Currently, governments across the world are tightening the regulations on accounting industry. In such a context, the effects of government regulations and internal governance on the efficiency of accounting firms are studied using DEA-Tobit two-stage analysis framework and difference-in-difference (DID) method using internal financial data of accounting firms (2006~2016) in Guangdong province, China. The research results demonstrate that Chinese accounting firms show low comprehensive efficiency and resource allocation efficiency. Government regulations are significantly negatively correlated with the efficiency of accounting firms; while proper internal governance contributes to the improvement of the efficiency and has positive regulating effects on the efficiency loss caused by government regulations. furthermore, the accounting firms that have larger size and higher business concentration have the lower efficiency. higher specialization and industrial agglomeration degrees contribute more to the improvement of the efficiency. The results obtained suggest that if the rigorous government regulations can facilitate internal governance and construction of accounting firms; playing self-governance role as partners. Furthermore, the efficiency loss caused by the strict external regulations can be reduced to some extent.
Analysis of Operating Capacity of SF Holding Co., Ltd.
Currently, China's express delivery industry is developing rapidly and has become an important part of modern service industry. However, the industry faces challenges such as a large market scale but high fragmentation and low concentration. For express delivery enterprises to achieve development, they should focus on improving their operating capacity. As a leading enterprise in China's express delivery industry, SF Holding Co., Ltd. (hereinafter referred to as "SF Holding") embodies both industry-wide commonalities and unique characteristics, thus having high research value. This paper aims to analyze the operating capacity of SF Holding by examining its operating indicators disclosed from 2019 to 2023 and comparing them with peer enterprises. It identifies issues in SF Holding's operating capacity, including excessive accounts receivable, inventory backlogs, and low total asset turnover. Corresponding improvement suggestions are proposed: improving credit systems, strengthening inventory management, and rationalizing asset allocation. It is hoped that this study can effectively help SF Holding optimize its operating capacity, enhance market competitiveness, and provide references for other enterprises in the express delivery industry to promote sustainable and collective development of the industry.
Financial Capability Analysis of Gree Electric Appliances Based on the Harvard Framework
This study employs the Harvard analytical framework to evaluate Gree Electric's financial performance across strategy, accounting, finance, and prospects. Results show that Gree leads the industry in profitability and long-term debt repayment capacity, supported by strong R&D and cost control from its vertically integrated model. Sustained innovation has generated extensive patents, enabling high-margin premium products. However, Gree faces constraints due to over-reliance on its core air-conditioning business, declining inventory turnover, and slow overseas expansion. Its diversification into new sectors like new energy and smart equipment remains limited, accounting for under 5% of revenue and failing to mitigate core market risks. Operating cash flow volatility further reflects instability in these new ventures. Strategic recommendations include scaling the new energy segment, enhancing overseas localization, and optimizing supply chain finance. The study also suggests that Gree should focus on green, smart technologies and value-added services to strengthen competitive barriers. Future research could incorporate ESG metrics to improve analytical comprehensiveness.
A Study on the Backfire Effect of Liquidity on Enterprise Profits-Based on Life Cycle Perspective
The expansion strategy is an important tool for enterprises to achieve growth and transformation, but it may lead to a lack of liquidity and thus a rapid decline. Does liquidity have a backfire effect on profits and thus lead to enterprise decline? Based on the life cycle theory, the empirical study of 72 ST-listed companies in China from 2010 to 2020 shows that liquidity is significantly and positively correlated with profits during the expansion period and negatively correlated with profits during the recession period, and the effect becomes larger as the characteristics of enterprise life cycle change gradually. The study also shows that profit and liquidity risk do not necessarily follow the principle of equal increase or decrease in different periods, which provides a new path for enterprise to strengthen liquidity risk management.
The Mechanism of RMB Exchange Rate Policy Affecting China's Digital Trade
Among the many economic policies of the government, exchange rate policy is one of the most important policies, especially in foreign trade and digital trade. This paper examines the impact of our country's exchange rate policy on its digital trade. The study finds that when the RMB depreciation policy is implemented, it has a significant positive impact on the development of digital trade in our country, and this conclusion is still valid after the robustness test. According to the analysis of the mediation effect model, e-commerce enterprises are the intermediary channel for the depreciation of RMB to promote the development of digital trade in our country. After heterogeneity analysis, it is found that the impact of RMB exchange rate policy on digital trade will have different characteristics in different regions, and the impact on the eastern region is the most obvious. Moreover, its exchange rate policy still has a certain lag effect. The study provides valuable insights for coordinating exchange rate policies and digital trade in developing countries.
Network Capital and Internationalization: Evidence from Chinese High-Tech SMEs
This study examines the mediating role of innovation strategy in the relationship between network capital and the internationalization of Chinese high-tech small and medium-sized enterprises (SMEs), as well as the moderating effect of government policy on this mediating pathway. Based on survey data collected from 289 high-tech SMEs located in Shenzhen, China, a moderated mediation model was tested using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that innovation strategy serves as a significant mechanism through which network capital enhances international performance. Furthermore, government support plays a critical moderating role by strengthening the indirect effect of network capital on internationalization via innovation strategy. Specifically, the mediating effect is more pronounced under high levels of government policy support. These findings contribute to the literature on internationalization by elucidating a conditional process model that explains how relational resources are transformed into global competitive advantage through strategic innovation, contingent on institutional support. The study offers practical implications for SME managers seeking to leverage external networks and innovation capabilities, as well as for policymakers aiming to design effective public interventions that facilitate international expansion.
Research on the Evaluation of the Development Level of New Quality Productive Forces in China's Agriculture
Cultivating new agricultural productive forces is an inherent requirement and a key focus for promoting high-quality agricultural development and building a strong agricultural country. Based on panel data from 30 provinces and cities in mainland China from 2012 to 2022, the entropy method, Dagum Gini coefficient, and Moran's I were used to study the development level of new agricultural productive forces. The results show that: first, the development level of China's new agricultural productive forces has steadily improved, and at the regional level, it shows a decreasing trend in the order of the eastern, central, western, and northeastern regions; second, the degree of inequality in the development of China's new agricultural productive forces has continued to expand, and the inter-regional gap is the main reason for the unbalanced development; third, the development of China's new agricultural productive forces has a positive spatial autocorrelation in space, with a concentrated distribution. Accordingly, policy recommendations are put forward from the perspective of the overall development level and regional difference characteristics of new agricultural productive forces.
Analysis of Anta Group's Profitability under the Background of Digital Transformation
Against the dual backdrop of the rapid development of the digital economy and the continuous promotion of national sports industry policies, the digital transformation of traditional manufacturing has become a key path to enhance the core competitiveness of enterprises. This paper takes Anta Group, a leading enterprise in China's sports goods industry, as the research object. Based on its financial data from 2020 to 2024, the DuPont analysis method is employed to systematically analyze the impact mechanism and path of digital transformation on the profitability of the enterprise. The research shows that digital transformation significantly improves the net profit margin of the enterprise by promoting changes in the DTC (Direct-to-Consumer) model, optimizing supply chain management, and implementing refined operations, making it the core driving force for the growth of return on net assets. Although in the early stages of transformation, due to the increase in direct sales channel construction and digital infrastructure investment, the total asset turnover rate experienced some pressure in the short term, this strategic resource investment laid a solid foundation for long-term operational efficiency improvement and profit quality optimization. This paper further proposes targeted suggestions from three dimensions: deepening digital operations, enhancing asset utilization efficiency, and exploring new profit growth points, providing theoretical references and practical insights for promoting high-quality sustainable development in China's traditional manufacturing industry.
Challenges and Responses: A Comparison of Management Dilemmas and Development Strategies of Public Libraries in China and the United States in Serving Digitally Disadvantaged Groups
This paper focuses on the service management for digitally disadvantaged groups in Chinese and American public libraries. Utilizing a comparative analysis method, it explores the differences and dilemmas between the two countries in terms of policy support, resource allocation, service models, and librarian training. The research finds that the United States has established a relatively comprehensive legal guarantee system and diverse funding channels, but recent federal policy fluctuations pose risks to project sustainability. Although China has made significant progress in equalizing services, it still faces structural challenges such as insufficient institutional guarantees and uneven resource allocation. Based on the comparative analysis, this paper proposes strategic suggestions including establishing a four-dimensional support system of "Law-Resources-Technology-Personnel" and promoting a "Digital Inclusion Partnership" model, aiming to provide references for Chinese public libraries to improve services for digitally disadvantaged groups.
Research on Data Security and Privacy Protection in Corporate Human Resource Management in the Digital Era
Against the backdrop of the global digital wave, human resource management (HRM) in innovation and entrepreneurship enterprises is undergoing profound transformation, with data emerging as a core asset driving corporate decision-making and development. However, issues related to data security and privacy protection have become increasingly prominent, serving as key factors restricting the sustainable development of enterprises. By analyzing the challenges faced by innovation and entrepreneurship enterprises in data security and privacy protection within HRM, this paper explores the importance of these issues and proposes countermeasures such as constructing a data security governance system, applying privacy computing technologies, and enhancing employees’ data security awareness. The aim is to provide theoretical references and practical guidance on data security and privacy protection for innovation and entrepreneurship enterprises, helping them achieve a balance between security and development during digital transformation.
How Digitalization of Human Resource Management Empowers Enterprises' Innovation and Entrepreneurship Practices
Amid the vigorous development of the digital economy, enterprises' innovation and entrepreneurship practices are facing unprecedented opportunities and challenges. During digital transformation, enterprises need to innovate human resource management (HRM) in multiple aspects. As a crucial link in enterprises' digital transformation, the digitalization of HRM is gradually becoming a core driving force for promoting enterprises' innovation and entrepreneurship. This paper deeply explores how the digitalization of HRM provides comprehensive support and guarantee for enterprises' innovation and entrepreneurship practices by innovating talent recruitment and selection mechanisms, optimizing talent training and development systems, improving performance management and incentive mechanisms, and constructing innovative organizational culture and team collaboration models. Combining theoretical analysis with practical cases, it reveals the important role of HRM digitalization in enhancing enterprises' innovation capabilities and stimulating employees' entrepreneurial spirit, and provides useful references for enterprises to achieve sustainable development.
Digitalization of Human Resource Management
Enterprise Innovation and Entrepreneurship
A Practical Study on Promoting the Action of People's Livelihood and Border Security Project in Guangxi under the Perspective of Border Security--Taking Jingxi City and Longzhou County as Examples
The report of the 20th CPC National Congress emphasizes the maintenance of national security and social stability, and the promotion of prosperity and development of border areas. In order to deeply implement the spirit of the 20th CPC National Congress and actively respond to the state's call to strengthen borderland governance and promote the improvement of people's livelihood, this paper conducts a field research on the practice and effectiveness of the livelihood and peace border project in Guangxi's Jingxi City and Longzhou County, which in turn summarizes the successful experiences of the two areas in infrastructure construction, public service system construction, economic development and social governance, and also finds an imbalance in resource allocation and policy priorities, At the same time, it has also identified the problems of unbalanced resource allocation and policy priority, grass-roots governance capacity to be strengthened, social security system still needs to be improved, and policy implementation and supervision face challenges, and put forward targeted improvement measures such as balancing resource allocation and policy priority, optimizing the public service system, upgrading the capacity of border governance, and strengthening the supervision and implementation of the policy, which has further deepened the understanding of the role of the Livelihoods and Security Border Project in promoting the stability of the borders and the development of the society, and condensed the insights of it on the construction of security of borders. security construction. Finally, it summarizes the successful experience of the implementation of the Livelihood Security Border Project in Jingxi City and Longzhou County found in this research and its implications for the long-term governance and security of the borderlands, and looks forward to the future direction of promoting the development of the Livelihood Security Border Project in Guangxi's border areas.
livelihood and peace prosperity of theborder
Audit Risk Evaluation of the Medical CRO Industry: A Method Combining Entropy Weight-TOPSIS and Grey Relational Degree
Under the modern risk-oriented audit, a reasonable evaluation of material misstatement risk is crucial for certified public accountants to determine the level of materiality and implement further substantive procedures. This paper proposes a material misstatement risk assessment model based on the combined use of entropy weight-TOPSIS and grey relational analysis methods and evaluates the material misstatement risk in China's Medical CRO Industry by quantitative means. Taking the medical CRO industry as an example, this paper selects some case companies in the industry for horizontal comparison, and at the same time conducts a multi-year data comparison on the enterprise with the highest audit risk among them. The results show that Bio-Sincerity Pharmaceutical is an enterprise with relatively high audit risk in the Medical CRO Industry in recent years, and the calculation results of the model are basically consistent with the actual analysis. To effectively prevent financial risks and audit risks, financial personnel should participate in business management, analysis and budgeting, and auditors should also focus on audit segments such as dynamic cash flow, debt structure, and business contracts and debt management in combination with the characteristics of the Medical CRO Industry, so as to effectively reduce the risk of audit misstatements.
Research on the normalized assistance mechanism for rural low-income population under the digital economy——Taking the rural areas of Guangxi as an example
The digital economy emerged as the times require in the new round of information technology revolution. It is a new kinetic energy and a new engine to promote high-quality economic development. It also provides a good opportunity for the digital construction of rural agriculture and rural revitalization. Based on the era of digital economy, this paper analyzes the status quo of the normalized assistance mechanism for the rural low-income population in Guangxi, and points out from six aspects: industrial assistance, intelligent assistance, employment assistance, consumption assistance, support of aspirations and intelligence, and multi-subject assistance. At present, the problems existing in the normalized assistance for the rural low-income population in Guangxi, and suggestions for building a normalized assistance mechanism for the rural low-income population are put forward from these six aspects, so as to accelerate the realization of common prosperity for the rural low-income population.
Balancing Extrinsic and Intrinsic Rewards for Employee Performance in China’s EV Industry
Employee performance is widely regarded as a cornerstone of organizational success, and in fast-changing industries it becomes even more critical. China’s electric vehicle (EV) sector exemplifies this challenge, where rapid innovation and intense competition require companies to motivate employees for both immediate efficiency and long-term commitment. This study explores how extrinsic rewards include bonuses, gifts, promotions, benefits, and intrinsic rewards, including recognition, career development, learning opportunities, and responsibility, influence task and contextual performance. A quantitative design was employed, using survey data and statistical analyses to test the proposed framework. The findings show that both extrinsic and intrinsic rewards significantly enhance performance but operate differently. Extrinsic rewards are more closely linked to short-term improvements, while intrinsic rewards foster deeper engagement and sustained contributions. By combining Herzberg’s Two-Factor Theory and Self-Determination Theory, the study demonstrates that effective reward systems must balance financial incentives with psychological motivators. The results provide theoretical contributions and practical guidance for managers seeking to strengthen motivation, build resilience, and promote sustainable performance.
Corporate Internationalization and Audit Quality
As economic globalization deepens, Chinese enterprises are accelerating their internationalization process, making global operations a crucial strategic choice for enhancing competitiveness and achieving sustainable development. Against this backdrop, the impact of internationalization on audit quality has become a significant topic of interest in both academic and professional circles. This study examines the influence mechanism of internationalization on audit quality using Chinese enterprises from 2003 to 2022 as its sample. The findings reveal a significant positive correlation between the degree of internationalization and audit quality, indicating that international operations can effectively enhance audit quality. Robustness tests, including variable substitution and alternative dependent and independent variables, consistently confirm the core conclusions. Further analysis indicates that the moderating effect of foreign direct investment at the regional level significantly amplifies the positive impact of internationalization on audit quality. On one hand, internationalization reduces information transparency and increases financial risks, indirectly boosting audit demand. On the other hand, it enhances audit supply through talent influx and external audit services, ultimately elevating audit quality. Heterogeneity tests reveal that the quality-enhancing effect of internationalization is more pronounced in manufacturing, high-tech, and technology-intensive firms, with eastern and western enterprises outperforming their central counterparts. This study provides theoretical support for the relationship between corporate internationalization strategies and audit quality, offering valuable insights for policymakers seeking to optimize regulatory frameworks.
Imbalance of Interests Between Grain Producing and Consuming Regions and the New Mission of Urban Agriculture: A Perspective From Marxist Ground Rent Theory
Food security serves as a critical pillar of national security.In China’s food supply sector,phenomena such as “major grain producers but minor industrial players and fiscally constrained entities,”“economic disincentives for grain cultivation,”and “increased production not necessarily translating into higher income”reflect a fundamental imbalance in benefit distribution between production and consumption regions.This imbalance essentially stems from the contradiction between “value generated from land” and “equitable value distribution.”Using the Marxist theory of land rent as an analytical framework, this study analyzes the systematic rent drain from producing regions through a three-dimensional lens comprising absolute rent, differential rent (I & II), and monopoly rent. Guided by this perspective, and introducing the role of urban agriculture as a strategic vehicle for rebalancing, we propose an institutionalized compensation mechanism centered on urban agriculture and supported primarily by horizontal fiscal transfer payments.This approach aims to enhance new quality agricultural productivity,address the challenge of “economic disincentives for grain cultivation”,and ensure that major grain-producing regions receive fair economic returns based on land ownership and ecological contributions.By rebalancing interests between production and consumption areas,the mechanism seeks to safeguard national food security and promote urban-rural integration.It should be noted, however,that while an urban agriculture model grounded in land rent theory offers a viable pathway for mitigating regional benefit imbalances and boosting advanced agricultural productivity,it is not the sole determinant.
benefit imbalance between production and consumptionregions
The Browser as the Epicenter of the Digital Ecosystem: A Platform Economics Perspective on Market Evolution, Revenue Models, and Strategic Trajectories
The web browser, once conceived merely as an interface for information retrieval, has evolved into a multi-sided platform (MSP) that orchestrates economic interactions across digital ecosystems. This study reframes the browser as a strategic access point that mediates value creation among interdependent user groups—end-users, advertisers, content publishers, and developers—thus functioning as both infrastructure and market actor. Drawing on Platform Economics and Digital Ecosystem Theory, this research examines how browsers have become central to digital competition, revenue generation, and regulatory intervention. Employing a hybrid methodology that integrates a systematic literature review with a comparative case study of Google’s integrated ecosystem and Huawei’s distributed architecture, the study reveals that the browser has transitioned from a software tool to a pivotal control point in the digital economy. Google’s Chrome browser exemplifies an integrated market model, embedding advertising and search into a unified ecosystem that captured 69.23% of the global browser market in 2025. Huawei’s HarmonyOS, conversely, reflects a distributed model emphasizing cross-device collaboration rather than browser centrality. The findings contribute to platform and marketing scholarships by demonstrating that browser dominance is not merely technical but structural—rooted in network effects, data-driven feedback loops, and ecosystem orchestration. The article concludes by proposing a theoretical synthesis of digital platform power, situating browsers as gatekeepers that define the future trajectory of innovation, competition, and regulation in the digital marketplace.
Opportunities and Challenges Driven by the Wave of Technology: A Comparative Empirical Study of Digital Library Management Models in Chinaand the United States
Under the background of the era when the technological wave drives globalization and informatization, this paper reveals the characteristics and differences of the development of digital libraries in China and the United States by comparing and analyzing the management models of digital libraries in the two countries. The research finds that China's digital libraries take the top-level design led by the government as the core and promote resource integration and equalization of services through national-level projects. The United States, relying on a multi-party collaboration model, emphasizes the two-way drive of technological innovation and user demands. There are significant differences between the two countries in terms of strategic layout, technology application, service innovation, etc., but they also show a trend of mutual learning: China needs to enhance the level of technological autonomy and service refinement, and the United States can refer to China's experience in systematic strategic promotion. This study provides an empirical reference for the optimal development of digital libraries worldwide.
Research on the path evolution and policy of China's agricultural products export to countries along the Belt and Road
The purpose of this paper is to examine the joint effect of China on the influencing factors of agricultural products export along the Belt and Road (B&R) and the evolution of its path. We selected 50 countries along the B&R as research samples. By integrating the influencing factors of export scale and introducing fuzzy set qualitative comparative analysis (fsQCA). The results show that: (1) population size, economic scale, trade facilitation, institutional environment and geographical distance are not the necessary conditions for the path of China's agricultural export trade to countries along the B&R. (2) after comparing the analysis results in 2013 and 2019, it is found that the high path of China's agricultural export trade to the B&R is relatively stable. However, the negative impact of geographical distance on one of the paths is significantly weakened, while the positive effect of the level of trade facilitation is gradually significant. (3) the not-high path of China's agricultural export trade to countries along the B&R is unstable and more complex. The weak market demand drive caused by the small economic scale and small population size is still an essential factor in the less path. Finally, based on the above research conclusions, We put forward policy implications for the sustainable development of China's agricultural export trade to countries along the B&R.