Current Issue : October - December Volume : 2020 Issue Number : 4 Articles : 5 Articles
Globalization and rapid technological development, with all their dimensions,\ninfluence the change of the strategic orientations of companies in a way that\nthey seek to ensure their continued existence and accelerated development by\nan in-depth cooperation with other organizations, which, if the four conditions\nexplained are met, can have the characteristics of a strategic partnership.\nThe general objective of a business or equity strategic partnership is to\nachieve synergy on the basis of integrated, combined and tailored in-depth\ncollaboration, thus an additional joint effect that an individual company\nwould not be able to achieve on its own, while the concrete objectives in each\nindividual alliance and for each participant may be very different. Such an\nin-depth cooperation also occurs in cases where one of the participating\ncompanies is facing severe difficulty, both during the crisis prevention and\ncrisis management periods. However, in these cases, due to the extremely increased\nrisks, some methods of forming alliances are much more common\nand useful, while others, whose impact on joint crisis management would be\ntoo small, are typical only for the alliances between successful companies....
Patent, a legal representation of innovation achievement, is strongly meaningful for almost every countryâ??s economic growth and\ntechnology development. China, the worldâ??s no. 2 stock market, is the worldâ??s largest patent application country. In this study, we\nobserved 2,197 China-listed companies of Renminbi (RMB) common stocks (A-shares) from 2016 to 2018. The relationship\namong 570 valid patent indicators and financial indicators of the stock price, Return-on-Assets (ROA), and Return-on-Equity\n(ROE) was examined. We constructed patent leading indicators, patent kernel indicators, and patent prediction equations for\npredicting the stock price, ROA, and ROE using the Granger causality test and the dynamic time series forecast model. The stock\nperformance of investment portfolios based on patent prediction equations was thoroughly discussed. We found that investment\nportfolios constructed by the higher predictive ROA, the higher predictive ROE, and the higher predictive stock price growth rate\nhave better performance than the A-sharesâ?? average. The underlying concept behind this study is that despite the overall economic\nenvironment fluctuation and the China-US trade conflict, the patent-based algorithm proposed was proved to be useful to\ndiscover good investment portfolios....
Based on the principal-agent theory, we give a theoretical interpretation on evolution of the complex partnerships between the\nonline SCF (supply chain finance) providers in China. First, we describe the principal-agent relationships and analyze the optimal\nprofit-sharing contracts between the banks and the B2B platforms. Then, from a dual perspective of leadership transfer and\nabsolute benefit change, we explain the behavioral choices of the banks in the cooperation. Results show that, at the initial stage of\ngrowth of the platformsâ?? abilities to rate online borrowers, the leadership and the absolute benefit of the banks will suffer a â??double\ndecline,â? which explains why the leading banks in China â??divorcedâ? the B2B platforms during 2011 to 2013. However, as the\nplatformsâ?? rating abilities grow to â??maturity,â? the absolute benefit of the banks will finally exceed its original level, and then the\nrational banks would cooperate with the platforms again even at the expense of losing a portion of their leadership, which answers\nwhy the banks in China have come back to â??remarryâ? the B2B platforms since 2014....
The development of modern information technology has subverted the previous\ntrading methods. The rapid development of electronic information\ntechnology and logistics technology has laid a technical foundation for the\ndevelopment of cross-border e-commerce, and the huge market demand has\naccelerated the development of cross-border e-commerce. As a traditional\nenergy supply region, Arab countries are also developing e-commerce. Although\nthe current level of development of Arab countries in cross-border\ne-commerce cannot be compared with leading countries such as China and\nthe United States, the consumption potential will be increased quickly based\non the huge market demand of the Arab region, and it is recommended that\nArab countries learn from Chinaâ??s successful experience, such as enriching\nvarious industrial structures, improving e-commerce laws and regulations,\nstrengthening the construction of basic logistics facilities, and promoting the\napplication of electronic payment scenarios and other countermeasures. This\nwill greatly promote the development of cross-border e-commerce in the\nArab region....
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