In recent years, China’s outward foreign direct investment (OFDI) has risen significantly, arousing considerable interest in the motivations and drivers of Chinese overseas investment. This paper selected 27 host country-related indicators and extracted the common factors using the factor analysis method. This paper discusses the determinants of China’s OFDI location choice by using panel data regression method, and focuses on the differences between Belt and Road countries and nonBelt and Road countries. The results show that the favorable institutional environment and strong market demand of host countries have a positive influence on Chinese foreign investment. Besides, China’s investment in Belt and Road Initiative countries is more prone to a country with less developed technology and unreasonable energy utilization. China’s OFDI can promote technological progress in these countries and making full use of their advantage resources for economic development. As China’s economy has entered a “new normal”, its global influence has risen, and the relationship between the host countries and China has also mattered more on China’s OFDI decisions. This effort provides important supports for optimizing the location choices of Chinese enterprises’ foreign investment.
With the rapid development of mobile communication equipment, the significant role of social media platforms is realized in social media marketing. To determine the effect of instant messaging social media platform characteristics on consumers’ purchase intention, we collected WeChat user data and designed an empirical model based on the technology acceptance theory. Analysis of 388 qualified surveys revealed significant positive effects of instant messaging social media platform characteristics, such as social presence, media richness, immediacy of communication, privacy protection, and entertainment on customers’ purchase intention. This study aims to extend the scope of technology acceptance theory, providing practical ideas for firms and highlighting the prominent role of instant messaging social media platforms in marketing activities.
The paper first analyzes price change due to stock splits in Chinese stock markets, which shows stock prices typically go up for stock splits. Then theoretical analyses based on risk theory are presented to explain the reason, where the method comes from a new perspective and obtained theoretical conclusions show that stock splits typically make stock price go up if risk-compensation function is convex, and go down if risk-compensation function is concave. Stock prices typically go up for stock splits because risk-compensation functions are mainly convex. The obtained conclusions are consistent with the known results in the last three decades.
Since firms are the entities of technological innovation and basic research is the source of technological innovation, encouraging firms to conduct basic research has gained increasing attention. Using Huawei Technologies as a case study, this study employs a vector autoregressive (VAR) model and relevant data of the target firm from 2000 to 2019 to investigate the relationships between basic research, technological innovation, and firm performance. According to the findings, basic research has a positive effect on technological innovation but has a significant lag; technological innovation has a positive effect on firm performance and shows significant periodicity; while basic research has a positive effect on firm performance and a procedural nature. On this basis, we put forward some enlightening suggestions for firms to carry out basic research.
With the development of urbanization in China, tons of municipal solid waste have been produced and disposed Incineration is the best way to deal with municipal solid waste in China but this practice often is opposed and resisted by the public who live nearby. This study systematically analyzed the risk responses of the public, in particular factors affecting the public’s resistant behavior We conducted a survey and collected 376 valid questionnaires which we used for the analysis. We used the structural equation model and path analysis for the examination, and the results showed that risk perception was a critical factor predicting the resistant behavior of the public surrounding the wasteto-energy (WTE) plant. Benefit perception had a negative, but insignificant, impact on the public’s resistant behavior. We found a negative correlation between benefit perception and risk perception but the relationship was weakened when we added systematic processing to the path analysis. The impact of system processing on risk perception was greater than that of benefit perception; that is, systematic processing was better in explaining the risk judgment of the public than benefit perception. Problem knowledge was a significant indicator in predicting risk perception and systematic processing and technology knowledge was a significant indicator in predicting risk perception and benefit perception. Systematic processing increased the public’s risk judgment to the WTE plant. Finally, we discussed practical implications and limitations.
Currently, renewable energy generation has received more and more attention. This article focuses on wind energy generation, one of the renewable energy sources. Aiming at the intermittent and unpredictable wind power problems, according to the day ahead bidding mechanism in the power market, this paper introduces the energy storage system to maximize wind power merchants profit based on the newsvendor model. First, this paper focuses on the wind farms combined with storage system to put forward the optimal bidding decision of selling or buying electricity to the market one day in advance and the optimal bidding amount. Then, we analyze the relationship between the optimal bid amount and the market penalty price coefficient, government subsidy, storage system charge and discharge efficiency, and other parameters. Based on the analysis of various parameters, power generation companies can make reasonable bidding decisions and amount to maximize profits.