Frontiers in Economics and Management (FEM) is a monthly online, international, peer-reviewed journal. All articles published are rigorously and fast reviewed meeting the Journal Quality standards. FEM is dedicated to publish empirical, academic, theoretical and review research articles that contribute to the practice in economics, management, and related topics. All articles published are rigorously and fast reviewed meeting the Journal Quality standards.
Analysis of the Differentiated Concentration Strategy of Xunda Group
In the context of the transformation of China's kitchen appliance industry from an incremental market to a stock market, the competitive landscape of the industry has undergone profound changes. Alongside the increase in residents' income levels, the upgrading of consumption concepts, and the strengthening of health consciousness, the market demand for diversified and high-end kitchen appliances has been continuously escalating, and the industry has entered a crucial stage of transformation and upgrading. This study adopts Porter's competitive theory as the analytical framework and selects Xunda Technology Group Co., Ltd. as the case study to explore the strategic choices and implementation paths of small and medium-sized kitchen appliance enterprises in the stock competition environment. The research discovers that through a differentiated concentration strategy, Xunda Group has constructed competitive advantages in three dimensions: in-depth cultivation in regional markets, focus on core technologies, and professionalization in product research and development. Nevertheless, field research reveals issues such as solidified brand perception, imbalanced product sales structure, and lagging insight into consumer demands during the strategy implementation process. Based on this, this paper presents relevant improvement suggestions to provide practical references for similar kitchen appliance enterprises to cope with industry transformation challenges and achieve sustainable development.
Differentiated Concentration Strategy; Competitive Strategy; Strategic Implementation.
Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
Rationality Analysis of China's Macro Tax Burden under the Background of Tax Reduction and Fee Reduction
The macro tax burden is an important index to measure the overall burden level of a country. The international common index is the proportion of tax revenue to GDP in the same period. Macro tax burden is not only an important evaluation index of a country's financial health, but also an important reflection of a country's macro-control ability, as well as an important evaluation index of a country's economic policy formulation, fiscal policy implementation, monetary policy operation and political and economic environment improvement. It is of great significance to study the change of macro tax burden to guide China's economic policy making. Based on the background of tax reduction and fee reduction, this paper analyzes the current situation of China's macro tax burden, compares China's macro tax burden with that of typical countries in the world from different perspectives, analyzes the reasons for the differences between China's macro tax burden and micro tax burden, and proposes measures to further rationalize the macro tax burden.
Macro Tax Burden; Rationality; Tax Reduction and Fee Reduction; International Comparison.
Climate Policy Uncertainty and Corporate Green Innovation Bubbles, Promote Or Inhibit?
Climate policy uncertainty creates operational difficulties for enterprises while also containing potential opportunities. Corporate green innovation, serving as a crucial tool for environmental governance and sustainable development promotion, requires coordination between quality and quantity to ensure its practical effectiveness. The phenomenon of "quantity over quality" has become a verified reality in current corporate green innovation. By analyzing panel data from China's A-share listed companies during 2012-2023, this paper systematically examines the consequence of shocks from climate policy fluctuations on corporate green innovation bubbles while investigating its underlying mechanisms. The study finds that increased climate policy fluctuations significantly intensify corporate green innovation bubbles, whereas financial slack can effectively mitigate this phenomenon. This paper enriches the research system of climate policy uncertainty on corporate innovation behavior, and provides a solution for enterprises to alleviate green innovation bubbles in the face of climate policy fluctuations.
Climate Policy Uncertainty; Corporate Green Innovation Bubbles; Financial Slack.
The Risk of Hedging Management based on Case of Tsingshan Holding Group Co.
The use of futures for hedging is a common method to manage risk in trading and capitalize on arbitrage opportunities. However, as trading volume increases, many cases demonstrate inadequate risk management by companies. Therefore, this essay will analyze the case of Tsingshan Holding Group Co. and conduct research on risk management in hedging. The article will consist of parts of introduction, case description, reason that cause fluctuation, the equation we used to evaluate risk of hedging and suggestion.
Tsingshan Holding Group; Margin Call; Nickel Futures; Risk Strategies.
Study on the Effect of Fiscal, Tax and Financial Policies Synergizing to Promote Enterprises' Green and Low-Carbon Transformation
There is a consensus to strengthen the synergy of fiscal and financial policies to promote the green and low-carbon transformation of enterprises. This study uses data on A-share listed companies from 2007 to 2020 to construct a fixed-effects model to compare and analyze the impact of fiscal and financial policies on the green and low-carbon transformation of enterprises, as well as the impact of the synergistic effect of fiscal and financial policies on the green and low-carbon transformation of enterprises from a micro point of view, and calculates the degree of coupling and coordination between fiscal and financial policies from a macro point of view. The results show that fiscal and financial policies can significantly affect the green and low-carbon transformation of enterprises; however, the impact of financial policies on the green and low-carbon transformation of enterprises is not significant under the condition of greater support for fiscal policies, and the coupling synergy degree of fiscal, tax, and financial policies as a whole shows an upward trend.
Fiscal Policy; Financial Policy; Green and Low-carbon Transition.
Huawei Mate XT Mobile Phone Release Event Theme Mining and Sentiment Analysis
Under the background of the rise of domestic products and technology autonomy, the release of Huawei Mate XT mobile phone has aroused high public attention to local scientific and technological innovation. Social media is the main front of public opinion, and its user comments provide core data for consumer cognition and emotion analysis. Based on a total of 2035 user comments on Weibo and rednote platform, this study integrates the LDA topic model and SnowNLP sentiment analysis technology to understand the public's concerns and emotional tendencies. The results show that the user comments focus on the two dimensions of technical characteristics and market response, and both show a positive dominant trend. Users highly recognized the three-fold screen form innovation and local technology breakthrough, but the durability and weight of the folding screen caused some concerns; Global marketing and the "extraordinary master" brand narrative effectively strengthen user identification, but the high-end pricing and Apple, millet comparison disputes remain high. In this regard, this paper puts forward suggestions such as strengthening independent technology innovation, optimizing tiered pricing strategy, and improving after-sales service system, so as to provide decision-making reference for Huawei to balance technological breakthrough and market demand.
Huawei Mobile Phone; LDA; SnowNLP; Theme Mining; Sentiment Analysis.
A Review of Research on the Baijiu Industry based on Knowledge Graphs
This study employs knowledge graph analysis to systematically examine the current research status and development trends of China’s Baijiu industry, aiming to provide theoretical support and practical guidance for industry development. Using CiteSpace software, we analyze 126 core journal articles from the CNKI database published between 1999 and 2024, focusing on publication volume, research institutions, authors, and keywords to reveal research hotspots and trends. The findings indicate a fluctuating upward trend in academic publications on the Baijiu industry, with challenges such as a lack of cross-regional cooperation, a loosely connected author network, and a fragmented research focus. Research hotspots include topics such as the "Baijiu Golden Triangle," "sauce-flavored Baijiu," and "industrial cluster." The study concludes that future research should enhance the exploration of different aroma types of Baijiu. Additionally, emphasis should be placed on regional characteristics and development strategies, systematic research on industrial integration and innovation strategies, and strengthening cross-regional and university-enterprise collaboration to drive the industry’s quality enhancement, internationalization, and intelligent development, thereby achieving industrial upgrading and sustainable development.
Baijiu Industry; Review; Knowledge Graph; CiteSpace.
Review and Response to the Non-Commercial Assistance Provisions in the CPTPP
The non-commercial assistance provisions under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership introduce adjustments to existing international subsidy rules, establishing the first international trade framework specifically regulating state-owned enterprise subsidies. Compared to the Agreement on Subsidies and Countervailing Measures, these provisions eliminate the identification procedures for "public bodies" and redefine the criteria for determining "specificity" of subsidies. This legal evolution may constrain the Chinese government's ability to provide subsidies through SOEs, hinder the development of SOEs in service trade and cross-border investment sectors, and weaken China's influence in negotiating new international trade rules. To address challenges posed by these provisions, China should implement competitive neutrality policies by preventing cross-subsidization and legislating equal subsidy access rights for enterprises of all ownership types, while enhancing transparency regarding SOE subsidy disclosures.
CPTPP; Non-commercial Assistance; SCM Agreement; Competitive Neutrality.
Strategies for the Synergistic Development of the Cultural Industry and Tourism Economy from the Perspective of Cultural-Tourism Integration
Amid the ongoing transformation of the economy and society, traditional development models of the cultural industry and tourism economy have become increasingly inadequate to meet the evolving requirements of modern economic development. To better align both the cultural industry and tourism economy with the diversified trends of modernization, greater attention must be given to their coordinated development. There is a natural synergy between the two: the cultural industry is the soul of the tourism economy, while tourism provides a vehicle for the dissemination of culture. Their organic integration offers mutual benefits, contributing to improved living standards for the public and meeting the needs of social development. Therefore, this paper deeply explores strategies for the synergistic development of the cultural industry and tourism economy under the framework of cultural-tourism integration, aiming to further advance their deep integration and achieve mutual benefit and common development.
Cultural-tourism Integration; Cultural Industry; Tourism Economy.
Research on the Dynamic Interaction between Ecological Environment and High-quality Economic Development in Lianyungang City
As an important coastal port city in China, Lianyungang is typical and exemplary in promoting the collaborative process of ecological environment governance and high-quality economic development. Based on the time series data of Lianyungang from 2016 to 2024, this paper constructs the ecological environment index and the high-quality economic development index, and systematically reveals the dynamic interaction mechanism of the two through VAR model, Granger causality test and impulse response analysis. The study found that the impact of high-quality economic development on the ecological environment showed the characteristics of "short-term negative and long-term positive". At the initial stage, the adjustment of industrial structure may aggravate the environmental pressure, but with the application of green technology and industrial upgrading, its positive effect gradually strengthened, and finally formed a continuous promoting effect. The impact of ecological environment on economic development shows the "alternating fluctuation" effect. In the short term, ecological governance promotes economic quality and efficiency by forcing industrial transformation. In the medium term, the withdrawal of traditional production capacity may inhibit economic vitality. In the long term, sustainable economic growth is achieved by relying on the value transformation of ecological resources and the rise of green industries. The interaction between the two has significant time lag and nonlinear characteristics, indicating that policy intervention needs to take into account dynamic balance.
Lianyungang; Ecological-environment; Economic High Quality Development; VAR Model; Dynamic Impact.
Study on the Evolutionary Mechanism of Real Estate Market Subjects' Behavior Driven by Media Sentiment
In recent years, the influence of media sentiment on the real estate market has become increasingly important, and it has become an important factor affecting market participants' decision-making and market stability. In this study, we use evolutionary game theory to construct a tripartite game model among developers, home buyers, and the government to analyze the influence mechanism of media sentiment on the behavior of real estate market participants. It is found that media sentiment affects market operation by influencing the psychological expectations and decision-making behavior of market participants. Positive sentiment can promote market activity, but excessive positivity can lead to market overheating; negative sentiment can inhibit market overheating, but excessive negativity can trigger market panic. The strength of government regulation and the speed of media sentiment dissemination are important factors affecting market equilibrium, and moderate regulation and sentiment dissemination management can help maintain market stability. Based on the results of the study, policy recommendations such as strengthening media sentiment monitoring, improving the information disclosure system, and establishing a flexible regulatory mechanism are proposed. This study provides a new theoretical perspective for understanding the role of media sentiment in the real estate market, and future research can further explore the differences in the influence of different types of media and the interaction with other factors.
Media Sentiment; Real Estate Market; Evolutionary Game Theory; Evolutionary Mechanism.
Dilemma and Opportunities of My Country's High-end Leather Manufacturing Industry under Economic and Trade Frictions
With the great changes in global geopolitics and the frictions in Sino-US trade, the uncertainty of global economic and trade operations has increased. In a risky and unstable economic and trade environment, my country's leather industry has reached a critical decision point. Based on the current situation of imports and exports in my country's leather industry, this paper analyzes the difficulties faced by China's leather industry today, deeply understands the internal and external factors that have caused difficulties and challenges in China's leather industry, and discusses the opportunities in China's leather industry at this stage. It provides a path and strategy for my country's leather industry to accelerate green transformation and improve its international competitive advantage.
Green Transformation; Trade Friction; Leather Industry.
Credit Risk Management Research of Y Group Finance Co., LTD
In recent years, with the growing prominence of group finance companies in the financial system, research on credit risk management for these companies has also gained increasing attention. Credit risk management runs throughout the entire credit business process, and its management level is influenced by various factors such as systems and personnel. This paper takes Y Group Finance Co., Ltd. as an example, analyzing the shortcomings in its pre-loan, mid-loan, and post-loan management processes. It identifies four main reasons: inadequate credit business process management, unreasonable compensation and job placement for credit staff, the need to improve the professional competence of credit personnel, and insufficient application of information technology. The paper also proposes optimization suggestions for these four areas, aiming to enhance the credit risk management capabilities of Y Group Finance Co., Ltd. and provide insights for similar enterprises in credit risk management.
Group Finance Company; Credit Business; Risk Management.
The Characteristics and Cultivation Path of the Textile and Apparel Industry Cluster in the Yangtze River Delta
As an important livelihood industry in China, the textile and garment industry plays an irreplaceable role in increasing foreign trade income, developing the domestic economic cycle, fully promoting employment, accumulating construction funds, and stabilizing employment. Shanghai, Jiangsu, and Zhejiang along the lower reaches of the Yangtze River are the birthplaces of China's modern textile and garment industry, with highly concentrated garment enterprises, rich and high-quality labor resources, exquisite craftsmanship, well-known domestic and international brands, as well as distinctive and innovative textile industries and products. This study discusses the research trends, characteristic facts, and existing problems of the textile and garment industry in the Yangtze River Delta region. It puts forward targeted policy suggestions to further improve the theoretical framework of related research.
Yangtze River Delta Region; Textile and Garment; Industrial Agglomeration.
Mechanism and Path of Empowering High Quality Economic Development in Western Regions with New Quality Productivity
New quality productivity is an inherent requirement and important focus for promoting high-quality development. As an important part of the national economic system, the western region can promote industrial transformation and upgrading by developing new quality productive forces according to local conditions, enhance scientific and technological innovation capabilities, and optimize the allocation of production factors. Based on the coupling and coordination relationship between new quality productivity and high-quality regional economic development. On the basis of analyzing the mechanism and difficulties of empowering high-quality economic development in the western region with new quality productivity, this article proposes a practical path to promote high-quality economic development in the western region.
New Quality Productivity; High Quality Economic Development; Western Region; Mechanism of Action; Practical Path.
The Impact of Fintech on Corporate Financial Risk: From the Perspective of Information Asymmetry
This study investigates the impact of Fintech development and adoption on corporate financial risk, focusing on the mediating role of information asymmetry between corporations and external stakeholders. It posits that Fintech innovations, including AI-driven credit scoring, blockchain-based solutions, and big data analytics, can potentially mitigate information asymmetry and, consequently, influence corporate financial risk profiles. The research employs empirical analysis to examine the relationship between Fintech adoption and various dimensions of corporate financial risk, such as liquidity, credit, market, and operational risk. It further explores how specific Fintech applications contribute to reducing information gaps between corporations and investors or creditors. The study also considers the moderating effects of corporate governance mechanisms on the Fintech-risk relationship. Furthermore, it addresses potential unintended consequences of Fintech adoption, including increased systemic risk and algorithmic bias. The expected results include empirical evidence demonstrating a negative relationship between Fintech adoption and corporate financial risk, identification of effective Fintech applications, quantification of the mediating effect of information asymmetry, and policy recommendations for responsible Fintech innovation. This research contributes to the understanding of how financial technology reshapes corporate finance and risk management in the context of information asymmetry.
Fintech; Corporate Financial Risk; Information Asymmetry; Financing Constraints; Financial Regulation.
Research on the Optimization Path of Modern Rural Commerce and Trade Circulation System from the Perspective of Digital Empowerment: A Practical Exploration based on Tongliang District, Chongqing
This study takes Tongliang District, Chongqing as a practical sample, focusing on the optimization path of the modern rural commerce and trade circulation system from the perspective of digital empowerment. By deeply analyzing the current status of the rural commerce and trade circulation system in Tongliang District, it reveals problems in infrastructure, market system, circulation entities, and policy coordination. Leveraging the advantages of digital technology, a series of optimization paths are proposed, encompassing strengthening digital infrastructure construction, improving the digital-driven market system, cultivating digital circulation entities, integrating digital policy support, promoting the deep development of informatization, and enhancing digital talent cultivation. The aim is to provide a theoretical basis and practical guidance for building an efficient and modern rural commerce and trade circulation system, thereby supporting the in-depth implementation of the rural revitalization strategy in rural areas.
Digital Empowerment; Rural Commerce and Trade Circulation System; Optimization Path; Rural Revitalization; Tongliang District; Chongqing.
Study on the Impact of ESG Ratings on Green Technology Innovation of Chinese Equipment Manufacturing Enterprises under Dual Carbon Targets
This paper explores the impact of ESG ratings on green technology innovation of Chinese equipment manufacturing enterprises in the context of dual-carbon targets. Through literature review and current situation analysis, it reveals the current problems in ESG practice and green technology innovation of equipment manufacturing enterprises, including the imperfection of ESG rating system, insufficient attention of enterprises, and weak green technology innovation capability. Aiming at these problems, this paper proposes coping strategies such as improving ESG rating system, strengthening corporate ESG awareness, and enhancing green technology innovation ability. The study shows that ESG rating plays an important role in promoting green technology innovation of Chinese equipment manufacturing enterprises, which helps to realize the dual-carbon goal and sustainable development.
Dual Carbon Target; ESG Rating; Equipment Manufacturing Enterprises; Green Technology Innovation; Sustainable Development.
The Present and Future of Accounting Transformation: Systematic Insights based on the Quantitative Analysis of CNKI Literature
Under the background of the accelerated development of digitalization and intelligence, the accounting discipline is undergoing a profound paradigm transformation. This study is based on 207 literatures related to accounting transformation collected in CNKI core journals from 2014 to 2023. CiteSpace knowledge graph tool is used for bibliometric analysis, and key word co-occurrence analysis, cluster analysis and time graph are adopted. This paper systematically reveals the hot spots, evolution trend and future development path of accounting transformation research. The results show that the strategic transformation of accounting function, the deep integration of digital technology and accounting practice, and the innovation of accounting education are the core issues of the current accounting transformation research. This study not only provides a systematic knowledge structure and in-depth insight into the research direction for the field of accounting transformation, but also provides theoretical support and practical guidance for accounting practice, and defines the areas that future research should focus on in order to promote the sustainable development of accounting discipline under the background of new technologies.
Accounting Transformation; Digital Transformation; Knowledge Graph; Accounting Education.
Inter-provincial Comparison of ‘Industrial Brain’ Deployment Areas and Policy Support
In order to actively promote digital industrialisation and industrial digitisation, and to promote the deep integration of the digital economy and the real economy, the construction of industrial brains has become an important topic for the current government to promote industrial transformation and upgrading. Comparative analysis method and text analysis method are used to deeply analyse the specific practice and policy support in the field of industrial brain deployment in Shandong and Zhejiang provinces. The study found that both provinces have industrial brain support policy lack of relevance, data security guarantee mechanism is not yet sound and other issues, in addition, Zhejiang Province, industrial brain deployment field still exists in the refinement of space. Based on this, from the three perspectives of deployment area, policy supply and policy content, it puts forward countermeasure suggestions such as promoting the construction of industrial brain in layers, optimising policy supply and breaking data barriers, with a view to providing useful references for the subsequent construction and development of industrial brain.
Industrial Brain; Deployment Domain; Policy Support; Inter Provincial Comparison.
Compliance Risks and Prevention in the Recruitment Process of Enterprises
With the rapid development of the market economy, small and medium-sized enterprises play a crucial role both domestically and internationally. While focusing on business growth, effective corporate management has become a key area of research, integrating material resources, financial resources, and information resources with recruitment strategies, as well as avoiding legal issues in business operations and recruitment processes. This study aims to systematically elucidate the nature and causes of legal risks in corporate recruitment, and on this basis, explore and analyze how companies can prevent and manage legal risks during the recruitment process to identify strategies and methods for reducing and avoiding these risks.
Enterprise Recruitment; Legal Risk; Risk Management.
Research on the Construction Strategies and Optimization Paths of the Campus Security Management System
With the continuous development of society, campus security has become a focus that attracts much attention. Frequent campus security incidents have seriously affected the physical and mental health of teachers and students as well as social stability. This research focuses on the construction and optimization of the campus security management system. Through in-depth literature review, analysis of the current situation, system construction, and exploration of strategies, a set of practical campus security management plans is proposed. The research shows that constructing and optimizing the campus security management system requires comprehensive consideration of multiple dimensions such as organizational structure, institutional building, technological application, and cultural construction, so as to build a comprehensive and multi-level security protection network.
Campus Security; Management System; Construction; Optimization; Security Guarantee.
Research on the New Mode of Training Practical Ability of 3D Advanced Engineering Management Professional Applied Talents under the Condition of Internet +
This paper puts forward a new model of three-dimensional progressive practical ability cultivation in view of the challenges facing the cultivation of applied talents of engineering management majors in the context of the Internet+ era. The model takes “basic-comprehensive-innovation” as the vertical dimension, “school-school-enterprise-society” as the horizontal dimension, and “knowledge-capability-quality” as the connotation dimension, and builds a three-dimensional talent cultivation system. The study adopts literature analysis, case study, and research methodology to develop a three-dimensional talent cultivation system. The research adopts the methods of literature analysis, case study and empirical investigation to explore the theoretical basis, implementation path and effect evaluation of the model. The results show that the three-dimensional progressive cultivation mode can effectively improve students' practical ability, innovative spirit and social adaptability, and provides new ideas and methods for the cultivation of applied talents in engineering management.
Internet+; Three-Dimensional Progression; Engineering Management; Applied Talents; Practical Ability.
Research on the Countermeasures to Accelerate the Green (Low-carbon) Transformation and Upgrading of Traditional Industries in Anshan
This study aims to deeply explore the countermeasures of green (low-carbon) transformation and upgrading of traditional industries in Anshan, and to conduct a systematic empirical study by using fuzzy set qualitative comparative analysis (fsQCA) method on manufacturing enterprises in Anshan. The research results show that the green transformation of traditional industries is affected by many factors, including the innovation of enterprise green ability, leadership support, employee participation, government policy support and market demand upgrading. By constructing the theoretical model under the framework of TOE (technology-organization-environment), the action mechanism of these factors in the green transformation of traditional industries is revealed. The study found that the green transformation paths of traditional industries in Anshan are diversified, including enterprise-oriented, internal and external coordination-driven, market demand and employee participation coordination-driven, and government policy-oriented. These paths have their own characteristics, which jointly promote the green process of traditional industries in Anshan. This study provides a valuable reference for the government to formulate relevant policies and enterprises to implement green transformation and upgrading, and helps to promote the green development of Anshan economy and achieve a win-win situation between economic development and environmental protection.
Traditional Industry; Green (Low Carbon); Transformation and Upgrading; Configuration Research.
How Does the Financial Report Quality Moderate the Nexus between Corporate Governance and Firm Performance During COVID-19: Evidence from the United States Tourism Industry
This study examines the impact of corporate governance on firm performance using a Difference-in-Differences (DID) approach, distinguishing firms based on their governance practices before and after the COVID-19 pandemic. Our findings reveal that firms with stronger governance standards exhibit superior financial performance in the post-pandemic period compared to those with weaker governance structures. Additionally, we investigate the moderating role of financial report quality (FRQ) in this relationship. Results indicate that high-quality financial reporting amplifies the positive effect of corporate governance on firm performance, underscoring the critical role of transparency and disclosure in enhancing governance effectiveness during economic crises. Robustness tests, including placebo analyses and propensity score matching, confirm the reliability of our findings. These insights contribute to the corporate governance literature by demonstrating how governance mechanisms and financial reporting quality jointly influence firm resilience in times of economic uncertainty.
Financial Reporting Quality; Tourism Management; Corporate Governance.
The Impact of Digital Business Environment on Regional Digital Innovation and Entrepreneurship Activity
In the era of digital economy, the digital business environment constitutes an integral component of the regional digital innovation and entrepreneurship ecosystem, serving as a significant driving force for regional digital innovation and entrepreneurial activities. This study establishes a multidimensional framework encompassing digital infrastructure, legal governance, administrative services, human capital, and market dynamics to evaluate digital business environments. Drawing upon ecosystem theory and utilizing multi-period fsQCA techniques, the research reveals configuration paths through which provincial digital business environments influence regional innovation and entrepreneurship activity in China (2013-2020). Key empirical findings include: (1) Identification of nine high-vitality configurations demonstrating policy-driven, market-oriented, and polycentric governance patterns. (2) Exposure of ten inhibitory mechanisms associated with institutional deficiencies and resource misallocation in non-high vitality scenarios. (3) Elucidation of a dynamic adaptation model following institutional environment →resource allocation →market feedback sequences, with vitality enhancement requiring tripartite coordination among policy frameworks, digital infrastructure, and talent ecosystems. This investigation transcends conventional linear analytical paradigms, advancing theoretical understanding of complex adaptive systems in digital innovation and entrepreneurship while offering practical insights for regional policy design.
Digital Business Environment; Digital Innovation and Entrepreneurship Activity; Configuration Analysis; Multi-period fsQCA.
Study on the Legal Protection of the Right to a Digital Life for the Elderly
The protection of the rights and interests of the elderly in the process of digitization requires the construction of a synergistic framework of “law, technology and system”. The study proposes the implementation of a “dynamic rationing” mechanism in the field of public services, mandating the retention of offline windows based on the proportion of elderly users, and the establishment of a flexible channel for the deployment of resources between online and offline, so that when digital channel resources are left vacant, they will be released to offline automatically, thus ensuring that the services can be accessed in real terms. The legal dimension advocates the establishment of new types of rights, such as the right to digital adaptation, through the Digital Inclusion Promotion Law, and the upgrading of the rules on offline service retention and the prohibition of mandatory face recognition, which were verified in local pilots, into national mandatory standards to provide a rigid basis for the defense of rights. Technological research and development should shift to a “rights-friendly” design paradigm, and implant self-limiting mechanisms in the underlying architecture of smart tools, such as closing non-essential data permissions by default and opening up age-adapted operating interfaces, in order to curb the exclusion of disadvantaged groups by technological alienation. Through legal empowerment to delimit the bottom line of service provision, technical ethics to constrain the logic of tool development, and institutional innovation to promote flexible resource allocation, a governance path that balances efficiency and dignity has been formed, providing a systematic solution for the aging society to cross the digital divide.
Right to a Digital Life; Digital Inequality; Digitally Disadvantaged; Digital Human Rights.
Research on the Value of Digital Assets in the Era of Industrial Economy
With the rapid development of information technology, digital economy has become an important engine for global economic growth. As the core element of digital economy, the value evaluation and management of digital assets have become an important topic in the era of industrial economy. This paper discusses the value of digital assets in the era of industrial economy from the three directions of current situation research, reason analysis and countermeasure research. Firstly, the paper analyzes the definition, classification and market status of digital assets, and points out the challenges facing their value evaluation. Secondly, it discusses the reasons for the rise of digital assets, such as technology drive, market demand change and policy environment support. Finally, countermeasures such as improving laws and regulations, establishing unified evaluation standards, strengthening technology research and development and application, and enhancing market transparency are proposed to promote the healthy development of the digital asset market.
Digital Assets; Industrial Economy; Value Assessment; Big Data; Artificial Intelligence; Laws and Regulations; Market Transparency.
The Significance of Accounting in a Globalized Era
This paper examines the critical role of accounting in Malaysia's economic development within the context of increasing globalization and digitalization. Despite the recognized importance of accounting professionals in supporting the nation's economic goals, Malaysia faces a significant shortage of qualified accountants. The paper investigates the factors influencing accounting graduates' career choices, including working environment, career advancement opportunities, salary expectations, and job security. It also explores the impact of parental influence and societal expectations on career decisions. The research highlights challenges in attracting and retaining talent in the accounting profession, including perceptions of accounting as conventional and rigid. The study concludes with recommendations for universities, employers, and policymakers to enhance the appeal of accounting as a career choice and address the talent gap. These insights contribute to understanding how Malaysia can strengthen its accounting workforce to support national economic aspirations in an increasingly competitive global environment.
Accounting Profession; Malaysia; Career Choice; Talent Shortage; Economic Development; Graduate Employment; Professional Education; Globalization; Workforce Development; Financial Sector.
Study on the Comprehensive Marketization Reform of New Energy Grid Electricity Prices
In February 2025, relevant departments in China jointly issued a notice proposing a comprehensive market-oriented reform of future new energy grid electricity prices, which has a significant impact on the development of new energy projects. The preliminary analysis has three main impacts: firstly, it will reduce the wind power grid price, which will affect the project investment return. Secondly, when conducting feasibility analysis of project investment, it is difficult to estimate the on grid electricity price of the project, which affects the accuracy of project economic analysis. Thirdly, major power generation companies will slow down their pace of acquiring new energy projects and lower their acquisition prices.
New Energy Generation; Feed-in Tariff; Market-oriented Reform; Mechanism Electricity Price.