Industrial and Business Management

  • Logistics Service Supply Chain service quality inspection results contract coordination under information asymmetry

    Aiming at the two-level service supply chain, which is dominated by logistics service provider (LS) and logistics service Platform operator (LP), it is faced with the problem of uncertain market demand and asymmetric information of logistics capacity service failure rate. Under the income distribution mode of LS and LP income sharing, this thesis uses the Stackelberg game principle to propose a cost-sharing compensation contract based on the result of capacity service quality test to coordinate the supply chain. The results show that the compensation contract of cost allocation can effectively solve the problem of information asymmetry and realize the growth of supply chain income. However, the overall supply chain income has not been maximized due to the inability to achieve the simultaneous coordination of LP’s effort level and capacity supply decision.

  • On the happiness of e-commerce majors in employment

    The practical significance of this paper is to enrich and deepen the research on the employment happiness of e-commerce majors by understanding their employment happiness.It provides valuable reference for the education and training of college students, analyzes the psychological changes of e-commerce majors in the process of job-hunting, and helps e-commerce majors build up confidence and solve employment difficulties.

  • Construction and Niche-fitness Evaluation of the Science and Technology Financial Ecosphere

    Firstly, based on the analysis of ecological theory, the paper defines the sci-tech financial ecosphere, which is the key way to achieve high quality economic development, can promote the integration and development of capital chain, innovation chain and industrial chain. And the model of sci-tech financial ecosphere that reveals its internal structure and operation pattern, is built on the basis of analyzing its elements. Then, the niche-fitness index system of sci-tech financial ecosphere is established from the ecological niche of the sci-tech finance ecological subject and the ecological environment. Niche-fitness evaluation model is used to evaluate the niche-fitness level of sci-tech financial ecosphere so as to measure the satisfaction degree of the actual resource conditions of sci-tech financial ecosphere to the high quality of economic development. Finally, the paper selects Beijing, Shanghai and Shenzhen as empirical research objects to evaluate the niche-fitness of sci-tech financial ecosphere during the period of 2010-2017, and puts forward some suggestions.

  • The Implementation of OECD Corporate Governance Principles in Nigeria: Evidence from Stakeholders’ Perspectives

    This study investigates the stakeholders’ perspectives on the implementation of Organization for Economic Cooperation and Development (OECD) corporate governance principles in Nigeria. The study adopted an ex-post research design with a structured questionnaire to elicit information from the respondents. The descriptive statistical method was also considered as analytical techniques. Findings revealed that shareholders in Nigerian firms have the right to participate in profits of the firm; they have the right to vote in general meetings and also have the right to obtain information about voting rights before purchase of shares. However, the study found that the details about the capital structure, financial and operating reports of firms were not fully disclosed. It was also discovered from the study that ownership transfer among shareholders was poorly facilitated, with minority shareholders not fairly treated. The study concludes that board of directors usually takes the interest of shareholders’ more important than the stakeholders interest in the firms. It was however suggested that corporate governance framework in Nigeria should recognize the rights of stakeholders established by law or through mutual agreements; and encourage wealth creation and employment opportunities for sound financial sustainability of corporate firms.

  • Research on the Ethical Problems and Construction of Chinese Enterprises in the 21st Century

    We all know one thing very well and feel it in our daily life. Our life is getting better and better, and the enterprises around us are also becoming more and more. However, the construction of enterprise ethics is a problem that we must face in the process of economic development, and it must be solved perfectly. Why do you say that? When we are enjoying a richer and more comfortable life and the enterprise is making more profits, our food safety problems, environmental problems and medical safety problems are more exposed. While enterprises are pursuing the maximization of interests, the construction of business ethics has become a pressing matter of the moment, which is also a topic of common concern and concern to people today. This paper studies the domestic enterprise ethics problems, summarizes the current situation of the construction of enterprise ethics in China and the ethical problems, analyzes and finds out the reasons that may lead to these problems, and finds out the matching solutions from relevant studies and case analysis at home and abroad.

  • An Empirical Study on the Influencing Factors of Interconnected Costs between Organizations

    With the development of the times, the competition between enterprises and enterprises in the traditional mode has been transformed into competition between the supply chain and other supply chains, and enterprises are in-creasingly focusing on cooperation with other companies in the supply chain. And to be able to cooperate better, organizations and organizations have to consider the cost, especially the cost of the problem after the cooperation. How to define and reduce this cost is an important factor for the organization to achieve higher returns in the supply chain. Based on this problem, this paper focuses on the definition of inter-organizational interconnection costs and its influencing factors, and conducts relevant empirical analysis.

  • Analysis of reasons for audit failure and study of preventive strategies

    Using 2007-2017, securities regulatory commission announced on the administrative penalty, penalty and certified public accountant firm in the audit failure penalty as the research sample, respectively, from the audit failure of violating the frequency of the auditing standards, registered public accounting firm scale and the relationship between the financial fraud and audit failure three aspects to discusses the reasons of audit failure. It is found that “audit evidence” and “verification” account for a large proportion of audit failures. There is a positive correlation between the size of firms and audit quality, and the proportion of audit failures in “big firms” is low. There is no correlation between financial fraud and audit failure. , In view of the reasons for the audit failure, this paper puts forward some preventive strategies. ,

  • Valuation of Electricity Swing Options by Bilevel Model

    Since the electric power cannot be stored for long time, the spot prices of electricity are extremely volatile. In order to control risks, it is necessary to introduce financial derivatives into electricity markets. This paper mainly studies the pricing of electricity swing options, which are widely applied in financial markets for electricity. Through finite difference and discretization of transaction time and price, the issue of swing option pricing is transformed to a linear complementary problem. At the same time, the optimization model is established by combining optimal behaviors of swing option buyers. Finally, through the actual data of electricity futures, above model and algorithm are used to simulate the pricing of swing options.

  • Improving Industry- University R and D Partnership Project Management: A Pilot Study

    In April 2004, a new law turned Japanese national universities into independent public corporations. This change has increased pressure on them to look to industry for more support than ever before. Since one of the laboratories in Japan Advanced Institute of Science and Technology’s (JAIST’s) School of Materials Science is involved in a collaborative project with two industrial partners (one large and one small), we saw an excellent opportunity to conduct a pilot study on an industry-university knowledge partnership for a scientific research and development project in the Japanese national university setting. The purpose of our study is to identify both which areas and considerations have the most influence on such projects and how such projects can be improved. This paper presents our methodology and data results. Most importantly, it presents a list of specific suggestions for improving project performance. Although it was a pilot study with a small number of respondents, this study still may have significance in terms of the suggestions for improving collaborative projects and in regard to the data-gathering methodology we used. We planned to provide results of the study to the project team members and recommend they apply the most important suggestions for improving their project. We also planned to do a follow-up study to determine whether or not the project is improved by the implementation of these key suggestions.

  • Tourism Industry in India: Prospective, Issues and Challenges

    Tourism becomes the perfect vehicle for inclusive growth of society and positively contributes to the development and poverty alleviation. Travel industry has the potential to change lives and way of approach to people. Present study analyses the issues, challenges and perspectives of tourism industry in India. Analytical-cum- descriptive research design is used in present study, in which secondary sources are used to gather information. Study concluded that although tourism industry in India has registered of positive growth since last decade, but there are many lacunae. Tourism industry in India is growing and it has vast potential for generating employment and earning large amount of foreign exchange besides giving a fillip to the country’s overall economic and social development. Eco-tourism needs to be promoted so that tourism in India helps in preserving and sustaining the diversity of the India’s natural and cultural environments. Tourism in India should be developed in such a way that it accommodates and entertains visitors in a way that is minimally intrusive or destructive to the environment. If we look at the way other countries present their tourism statistics and the details included, we have a long way to go, though there has been a reasonable improvement with regard to international tourism data collection.