Frontiers in Economics and Management
type: channel
description: 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.
publisher: Boya Century Publishing
language: en
publication name: Frontiers in Economics and Management
issn: 2692-7608
items: Systematic Literature Review on SMEs Financing Decision
items: ESG Rating and Green Innovation of Manufacturing Enterprises
items: How Does Supply Chain Finance Inhibit Enterprises “Shifting from Real to Virtual”? Evidence from A-share Listed Companies
items: Effect of Overseas Warehouse Delivery Timeliness Perception on Cross-border Consumers' Purchase Intention
items: Economic Benefit Evaluation of Listed Companies in the New Energy Vehicle Industry based on Factor Analysis and Cluster Analysis
items: Research on the Transformation Strategies of Energy Enterprises under the ESG Concept
items: The Restructuring of Commercial Credit under Digital Transformation: From Relational Contracts to Algorithmic Trust and Network Power
items: SAIC's Profitability Analysis and Optimization Strategy
items: Industry-Education Integration: Modeling Dilemmas and Practical Tensions
items: Research on the Mechanism of Food Production Short Video Content Marketing from the Perspective of Use and Gratification Theory
items: Research on Tourism Product Development based on Tourist Perception Evaluation
items: Analysis of the Impact of Digital Inclusive Finance on the Consumption Gap between Urban and Rural Residents
items: The Impact of Short-Selling Mechanism on Corporate Information Disclosure Quality
items: Research on the Influence of Green Consumption Point System on Green Consumption Intention
items: The Impact of Live Streaming Marketing on Corporate Financial Performance under the Influencer Economy: A Case Study of Dongfang Zhenxuan
items: The Impact of Industrial Supply Chain "Chain Leader System" Policy on Firm Performance: A Quasi-Natural Experiment based on the Setting of A-share Listed Firms in Yangtze River Delta Region
items: Research on the Construction and Operation Management of Hospital Material Sharing Platform: A Case Study of a Tertiary Hospital
items: Research on the Impact of Executives' Military Experience on Corporate ESG Performance
items: The "Trade Engine" Effect of Digital Financial Inclusion: Evidence from China's Provincial Panel Data
items: Empowering the EPD Project Team through Organizational Learning: Application of the SECI Model
items: Stability of Executive Team and Quality of Earnings Forecasts
items: Digital Research on the Art of Xuan Paper Making from the Perspective of the Metaverse
items: Blockchain-Based Framework for Security and Transparency in Tax Collection and Management of Digital Government
items: The SWOT Analysis of Shenyang’s International Inland Port Construction
items: How Industrial Intelligence Affects Total Factor Productivity: Evidence from China's Provincial Panel Data
items: Evaluation of the Collaborative Development Capacity of the ‘Industrial Brain’ in the Context of New Quality Productivity
items: Study on the Impact of Green Transformation on Corporate Performance in the Chengdu-Chongqing Region under the Dual Carbon Context
items: The Critical Evaluation of Research Methodology based on the Starbucks Case Study
items: Research on the Development Model and Transformation and Upgrading Path of Wenzhou Industrial Clusters
items: Digital Village Construction, Income Structure and Rural Income Growth: Evidence from Peking University Digital Village Index and China Household Finance Survey

Systematic Literature Review on SMEs Financing Decision
type: item
description: A systematic review of the existing literature on SMEs financing from 2017 to 2020, is demonstrated in this paper. The review covers 60 articles indexed in SSCI, SCIE and AHCI, analyzing the literature from 4 aspects: research design, scope of research, sampling/data collection and data analysis. The study indicates that this line of research has the following characteristics: (a)high use of formalized, statistical and longitudinal. (b) concentration on Europe and Asia. (c)a prevalent use of the whole population. (d)heavy reliance on an econometric model.
subject: Articles
  topic: section
subject: Capital Structure; SME; Literature Review; Financing.
  topic: keywords
creator: Ronajia Su
creator: Dianjie Liang
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 177
ending page: 187
doi: 10.6981/FEM.202510_6(10).0017

ESG Rating and Green Innovation of Manufacturing Enterprises
type: item
description: Under the guidance of the "dual carbon" goals leading the comprehensive green transformation of the economy and society, exploring the driving mechanisms of green innovation in manufacturing enterprises holds significant theoretical and practical implications. This paper aims to systematically examine the impact of corporate ESG ratings on their green innovation and test the moderating roles of environmental regulation and market competition. Using Chinese A-share listed manufacturing companies from 2014 to 2023 as research samples, this study constructs a two-way fixed effects model for empirical analysis. The findings reveal: (1) The improvement of corporate ESG ratings can significantly enhance their green innovation levels, a conclusion that remains valid after rigorous tests including lagged variables and exclusion of samples from special periods. (2) Both environmental regulation and market competition play positive moderating roles between ESG ratings and corporate green innovation. Specifically, in environments with higher environmental regulation intensity or fiercer market competition, ESG ratings demonstrate more significant promoting effects on green innovation. (3) Heterogeneity analysis reveals that the promoting effect of ESG on green innovation shows a gradual strengthening trend from eastern to central and western regions. This indicates that in areas with relatively lower marketization levels and more prominent information asymmetry, ESG, as a high-quality reputation signal, exhibits stronger marginal driving effects on corporate green innovation. The study uncovers the "ESG ratings-external context-green innovation" linkage mechanism, providing new empirical evidence for understanding the driving forces of corporate green transformation, and offers important implications for governments to formulate coordinated environmental and industrial policies and guide enterprises toward sustainable development.
subject: Articles
  topic: section
subject: ESG Rating; Green Innovation; Environmental Regulation; Market Competition; Manufacturing Enterprises; Moderating Effect.
  topic: keywords
creator: Yue Yu
creator: Xiangfeng Zeng
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 160
ending page: 176
doi: 10.6981/FEM.202510_6(10).0016

How Does Supply Chain Finance Inhibit Enterprises “Shifting from Real to Virtual”? Evidence from A-share Listed Companies
type: item
description: Supply chain finance(SCF), as an innovative model of integration between industry and finance, has highlighted its strategic role in serving the real economy. However, the problem of non-financial enterprises "moving away from the real economy towards the virtual economy" has constrained the high-quality development of the economy. This paper selects Chinese A-share listed companies from 2009 to 2023 as samples and, based on the theory of information asymmetry, empirically examines the impact influence of SCF on enterprise financialization. The research results show that SCF has a significant negative effect on enterprise financialization. Heterogeneity analysis shows that this inhibitory effect is more pronounced for mature and declining firms, as well as for enterprises in the eastern and central regions. Furthermore, mechanism tests confirm that SCF curbs financialization by alleviating financing constraints and mitigating managerial myopia. This study extends the literature on the economic consequences of SCF through the lens of enterprises financialization, providing theoretical support and empirical evidence for governments to formulate differentiated SCF policies and for firms to optimize capital allocation.
subject: Articles
  topic: section
subject: Supply Chain Finance; Enterprise Financialization; Theory of Information Asymmetry.
  topic: keywords
creator: Ziwei Dong
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 151
ending page: 159
doi: 10.6981/FEM.202510_6(10).0015

Effect of Overseas Warehouse Delivery Timeliness Perception on Cross-border Consumers' Purchase Intention
type: item
description: Based on the theory of perceived value, this study discusses the influence of overseas warehouse delivery timeliness perception on cross-border consumers' purchase intention, and the intermediary role of functional value perception and emotional value perception in it. The relevant data of 196 cross-border consumers were collected through questionnaire survey, and analyzed by structural equation model. The results show that the perception of delivery timeliness has a significant positive impact on the perception of functional value and emotional value, thus significantly enhancing consumers' purchase intention. Both functional value perception and emotional value perception play a significant intermediary role between distribution timeliness perception and consumers' purchase intention, among which emotional value perception is more prominent. The research provides theoretical basis and practical guidance for cross-border e-commerce platform to optimize services, improve consumer satisfaction and loyalty, and emphasizes the importance of paying attention to consumers' emotional needs while providing efficient distribution services to enhance their purchase intention.
subject: Articles
  topic: section
subject: Perception of Distribution Timeliness; Cross-border Consumers; Willingness to Buy; Perceived Value Theory.
  topic: keywords
creator: Wei Wang
creator: Zhengzheng Wang
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 142
ending page: 150
doi: 10.6981/FEM.202510_6(10).0014

Economic Benefit Evaluation of Listed Companies in the New Energy Vehicle Industry based on Factor Analysis and Cluster Analysis
type: item
description: The implementation of the "dual carbon" goal requires the traditional vehicle industry to accelerate the transformation to new energy vehicle business, and economic benefits are the key to its transformation progress. Based on factor analysis and cluster analysis, this paper uses the financial report data of representative listed companies in the new energy vehicle industry to comprehensively evaluate the economic benefits of listed companies in the new energy vehicle industry. The profitability factor, solvency factor, operational capacity factor and growth capacity factor are extracted through factor analysis, and the comprehensive score and comprehensive ranking are calculated. Then, through K-means clustering, it is divided into four types: profit growth type, operation-driven type, balanced development type and conservative and steady type, and the characteristics of each type are summarized in a targeted analysis. It is found that in the process of transformation to new energy vehicle business, different transformation paths lead to the differentiation of the economic benefits of enterprises. The transformation effect of profit growth type and operation-driven type transformation is better, and some enterprises have the potential to be industry benchmarks. To this end, it is recommended that four types of enterprises adjust their enterprise transformation strategies according to the principle of strong advantages and disadvantages. It is recommended that the government guide the healthy development of the industry and introduce relevant policies from the perspective of promoting the transformation of enterprise classification, escorting the development of the industry, and managing involution competition.
subject: Articles
  topic: section
subject: New Energy Vehicles; Economic Benefits; Factor Analysis; Cluster Analysis.
  topic: keywords
creator: Jinzhou Wu
creator: Xiangfeng Zeng
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 130
ending page: 141
doi: 10.6981/FEM.202510_6(10).0013

Research on the Transformation Strategies of Energy Enterprises under the ESG Concept
type: item
description: This work investigates the impact of Environmental, Social, and Governance (ESG) strategies on the performance of energy companies, particularly in the context of China's "dual carbon" goals and the global shift towards sustainable development. By employing a case study approach, the paper analyzes three Chinese energy companies with varying ESG ratings. Through a comparative analysis of their ESG practices and financial performance, the study identifies three key pathways through which ESG strategies influence corporate performance: the Innovation Compensation Effect, the Policy Multiplier Effect, and the Risk Penalty Effect. The research demonstrates a positive correlation between ESG ratings and financial performance, suggesting that companies with strong ESG practices tend to achieve higher ROA, revenue growth, and gross profit margins. Furthermore, the paper explores the mediating role of corporate reputation in this relationship. The analysis reveals that ESG initiatives contribute to building a positive reputation, which in turn attracts investors, lowers financing costs, and enhances overall performance. The case studies illustrate the diverse approaches taken by the companies to integrate ESG principles into their operations, highlighting the importance of a comprehensive and strategic approach to ESG implementation. This research underscores the significance of ESG integration as a crucial driver for the transformation and sustainable development of energy companies. The findings offer valuable insights for policymakers, investors, and industry stakeholders seeking to navigate the energy transition and promote responsible business practices. Further research is encouraged to explore the role of technological innovation and policy mechanisms in fostering ESG adoption and enhancing corporate performance in the energy sector.
subject: Articles
  topic: section
subject: Energy Companies; ESG; Enterprise Transformation; Strategy Research.
  topic: keywords
creator: Molin Sun
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 120
ending page: 129
doi: 10.6981/FEM.202510_6(10).0012

The Restructuring of Commercial Credit under Digital Transformation: From Relational Contracts to Algorithmic Trust and Network Power
type: item
description: This paper aims to transcend the functionalist research paradigm currently prevalent in academia, which focuses on the economic consequences of corporate digital transformation. Instead, it constructs a purely theoretical framework for the structural restructuring of commercial credit. While existing research primarily concentrates on the positive impact of digitalization as an efficiency-enhancing tool on the scale of commercial credit financing, this paper argues that digital transformation is not merely an "enhancer" of commercial credit but a "reconstructor" of its intrinsic logic. This reconstruction unfolds along two intertwined axes. First, a paradigm shift in the foundation of trust: the basis for granting credit is moving from "interpersonal trust" and "relational contracts," rooted in long-term social interaction, to an impersonal "system trust" driven by data and executed by code, giving rise to a new form of trust-"algorithmic trust." Second, a re-centralization of power structures: power within the supply chain ecosystem has not been decentralized but is instead concentrating, shifting from traditional core enterprises that control production and financial capital to a new type of digital intermediary-the platform operator-that controls data, algorithms, and network connectivity. To systematically explain this transition, this paper integrates relational contract theory, Luhmann's system trust theory, and Castells' network power theory. It deeply analyzes the construction mechanisms and inherent risks of algorithmic trust (such as the "black box" problem and data bias) and deconstructs how platforms become new power centers by mastering "programming power" and "switching power," which may ultimately lead to "data monopolies." The paper concludes that we are witnessing a fundamental shift in commercial credit from a "relational paradigm" to an "algorithmic-network paradigm." This poses profound challenges to financial theory, business practice, and publi…
subject: Articles
  topic: section
subject: Digital Transformation; Commercial Credit; Algorithmic Trust; System Trust; Relational Contract.
  topic: keywords
creator: Tianchi Shan
creator: Weijie Wang
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 111
ending page: 119
doi: 10.6981/FEM.202510_6(10).0011

SAIC's Profitability Analysis and Optimization Strategy
type: item
description: This article provides an in-depth analysis of SAIC's profitability from 2020 to 2024, pointing out that its return on equity, operating profit margin and total asset turnover are all on a downward trend, significantly lagging behind the pace of industry transformation and upgrading. Especially in terms of new energy transformation, SAIC Motor lags behind the industry average, resulting in market share erosion. Through a detailed analysis of the basic indicators of profitability, growth indicators and stability indicators, the article reveals the problems existing in SAIC's product competitiveness, asset operation efficiency, growth momentum and cost control, and emphasizes the urgency of corporate strategic transformation. In view of the problems of SAIC's profitability, this paper proposes specific optimization strategies. Recommendations include enhancing product competitiveness, improving asset operation efficiency, reshaping revenue growth momentum, optimizing costs and expenses, and strengthening cost control, all of which are designed to help SAIC cope with industry changes, improve profitability, and achieve sustainable development.
subject: Articles
  topic: section
subject: SAIC; Automotive Industry; Profitability; Optimization Strategy.
  topic: keywords
creator: Yanting Li
creator: Lunzhi Gan
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 100
ending page: 110
doi: 10.6981/FEM.202510_6(10).0010

Industry-Education Integration: Modeling Dilemmas and Practical Tensions
type: item
description: The integration of industry and education in vocational education is a key Chinese strategy to tackle structural talent imbalances. Through the lenses of model, relation, and institution theory, this study examines its development and dilemmas. Findings reveal: at the micro level, conflicts between corporate technical secrecy and educational publicity hinder knowledge transfer; at the meso level, vague stakeholder roles and weak incentives lead to superficial collaboration (“enthusiastic schools, cold enterprises”); at the macro level, uniform policies ignore regional industrial disparities. To address these, breakthroughs are essential: an integrated cross-level analytical framework, localized risk-benefit sharing mechanisms, and proactive digital ecosystem development. Ultimately, a layered, synergistic institutional ecosystem is crucial for linking the education, talent, industry, and innovation chains effectively.
subject: Articles
  topic: section
subject: Vocational Education; Industry-Education Integration; Theoretical Evolution.
  topic: keywords
creator: Yafang Wang
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 92
ending page: 99
doi: 10.6981/FEM.202510_6(10).0009

Research on the Mechanism of Food Production Short Video Content Marketing from the Perspective of Use and Gratification Theory
type: item
description: To explore the marketing mechanism of food production short videos, and promote the development of the short video industry, this article analyzes the marketing methods of food production short videos to meet the needs of short video users and stimulate their purchasing power based on the Use and Gratification Theory. This article uses literature research and questionnaire survey to combine the results of the questionnaire survey with previous views, and finally finds that food production short videos are actively chosen by users of short video platforms because they meet users’ needs of stress relief, cognitive needs, and social integration needs. Ultimately, commercial conversion is achieved through integrating product promotion into the work, embedding advertisements, live streaming sales, and a number of food bloggers who gain influence and attention beyond peers even have their own brands. This article also points out the existing problems of such short videos, such as serious homogenization and misleading. At the end of the article, suggestions for future development are put forward.
subject: Articles
  topic: section
subject: Food Production Videos; Use and Gratification Theory; Needs; Content Marketing; Brand Marketing.
  topic: keywords
creator: Xiaoya Yang
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 83
ending page: 91
doi: 10.6981/FEM.202510_6(10).0008

Research on Tourism Product Development based on Tourist Perception Evaluation
type: item
description: This study employs tourist perception evaluation to conduct an in-depth analysis of existing issues in the development of tourism products at the Yijin City Archaeological Site Park of the Wuyue Kingdom. By leveraging the unique characteristics of archaeological site parks and referencing relevant literature, we developed a visitor perception scale for the park. Through SPSS software analysis, we identified key challenges including low product recognition, limited product formats, and inadequate supporting services during the park's development. Based on these findings, we propose actionable strategies to enhance visitor experience and address these operational gaps.
subject: Articles
  topic: section
subject: Tourism Products; Tourist Perception; Wuyue Kingdom Yijin City Archaeological Site Park.
  topic: keywords
creator: Mi Zhao
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 75
ending page: 82
doi: 10.6981/FEM.202510_6(10).0007

Analysis of the Impact of Digital Inclusive Finance on the Consumption Gap between Urban and Rural Residents
type: item
description: Rural revitalization is a key aspect of China's work. To decrease the disparity between urban and rural areas, to raise the peasants' income and consume level is in accordance with the present developing tendency of our country, and is conducive to social peace and stability and economic stability. As an emerging product of the Internet era, digital inclusive finance is beneficial for rural residents to access convenient financial services, stimulate their consumption potential, and effectively narrow the urban-rural consumption gap. In this thesis, we make a empirical study on the influence of digital inclusive financial on the urban-rural consumer difference by means of the Fixed-Effect Panel Model of Jiangsu Province. And it is concluded that digital inclusive finance can significantly reduce the urban-rural consumption gap. This conclusion is still valid after the robustness test of replacing the explained variable. Next, an analysis of the impact path was conducted, using the payment, credit, and insurance businesses in digital inclusive finance to replace the digital inclusive finance index for regression. The conclusion was drawn that digital inclusive finance reduces the consumption gap between urban and rural areas by promoting payment convenience, easy access to credit, and insurance protection. It was found that payment has the greatest impact on narrowing the urban-rural consumption gap and plays the largest role in the three transmission paths. Finally, a heterogeneity analysis was conducted between regions, dividing 13 prefecture level cities in Jiangsu Province into southern, central, and northern regions. Then, a group regression analysis was conducted. Moreover, we have discovered that the effect of DFI on the urban-rural consumer disparity is not homogeneous in geography, specifically reflected in its greater impact on underdeveloped regions than on developed regions. Finally, based on the above research conclusions, corresponding policy recommenda…
subject: Articles
  topic: section
subject: Digital Financial Inclusion; Urban-Rural Consumption Gap; Fixed Effects Panel Model; Liquidity Constraints.
  topic: keywords
creator: Danjie Zhao
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 58
ending page: 74
doi: 10.6981/FEM.202510_6(10).0006

The Impact of Short-Selling Mechanism on Corporate Information Disclosure Quality
type: item
description: In this study, we selected A-share listed companies from 2010–2024, empirically examining the impact of short-selling mechanism introduction on their disclosure quality. Post-introduction, disclosure quality significantly improved. For robustness, we excluded special-year samples and used year-end ETF holdings/tradable shares ratio as instrumental variable in regression. Even under stricter tests, conclusions remained: short-selling introduction positively affects disclosure quality. This study confirms allowing short-selling effectively promotes listed firms to enhance disclosure transparency and quality.
subject: Articles
  topic: section
subject: Short-selling Mechanism; Information Disclosure; Difference-in-Differences.
  topic: keywords
creator: Yiting Xue
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 47
ending page: 57
doi: 10.6981/FEM.202510_6(10).0005

Research on the Influence of Green Consumption Point System on Green Consumption Intention
type: item
description: Research purpose: As the country has mentioned the green consumption points system for many times, consumers' attention to green consumption has gradually increased. This paper studies the influence of the green consumption points system on consumers' green consumption intention from the perspective of consumers. Research methods: This paper uses literature research, questionnaire survey and empirical analysis to collect a total of 213 valid questionnaires, and carries out descriptive statistics, reliability and validity test, correlation analysis, regression analysis and mediating effect test. Conclusions: Firstly, the green consumption points system has a significant positive impact on green consumption intention; Secondly, consumer attitude, subjective behavioral norms, perceived behavioral control and goal intention play an intermediary role in the process of green consumption point system's influence on green consumption intention; Third, there may be differences in consumers with different characteristics, so we can introduce regulatory variables in the follow-up research. Finally, the paper puts forward some suggestions for the government, society and consumers.
subject: Articles
  topic: section
subject: Green Consumption Points System; Green Consumption Intention; Attitude of Consumers.
  topic: keywords
creator: Yingli Dong
creator: Xiaolin Zhu
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 35
ending page: 46
doi: 10.6981/FEM.202510_6(10).0004

The Impact of Live Streaming Marketing on Corporate Financial Performance under the Influencer Economy: A Case Study of Dongfang Zhenxuan
type: item
description: With the continuous development of the influencer economy driven by the Internet era, it has become a new marketing paradigm for enterprises to promote products through live streaming. This study focuses on the live - streaming e - commerce field and selects Dongfang Zhenxuan, a highly representative live - streaming marketing enterprise under New Oriental, as the research object. It deeply deconstructs the mechanism and transmission channels through which this new marketing paradigm of live - streaming marketing affects corporate financial performance. Through in - depth analysis, it is found that live - streaming marketing constructs an immersive live - streaming scenario and utilizes the strong interactive properties of live - streaming hosts, forming an accelerator for users' consumption decision - making and driving an exponential increase in transaction conversion efficiency. This model mainly reconstructs the corporate value evaluation system through lightweight asset allocation, making light - asset elements such as knowledge - based IP and community resources key variables in the capital market pricing. At the same time, the influencer economy also has the characteristic of a fragile ecological chain. That is, the strong correlation between core hosts and brand value leads to a structural imbalance in the enterprise's risk - resistance ability, and the market valuation system is vulnerable to the negative disturbances caused by the flow of key talents. Based on these issues, this paper specifically proposes suggestions such as cultivating talent echelons in a gradient manner, intelligently transforming the supply chain, and flexibly reshaping the organizational structure. These suggestions provide theoretical basis and practical guidance for enterprises to build a dynamic balance model between traffic operation and stable development and achieve sustainable growth.
subject: Articles
  topic: section
subject: Dongfang Zhenxuan; Financial Performance; Live - Streaming Marketing; Influencer Economy.
  topic: keywords
creator: Feng Xiao
creator: Junshuo Yang
creator: Jiang Qin
creator: Yi Hou
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 20
ending page: 34
doi: 10.6981/FEM.202510_6(10).0003

The Impact of Industrial Supply Chain "Chain Leader System" Policy on Firm Performance: A Quasi-Natural Experiment based on the Setting of A-share Listed Firms in Yangtze River Delta Region
type: item
description: In recent years, the industrial supply chain "chain leader system" has been widely implemented as an innovative industrial policy throughout China. The policy strives to improve the effectiveness of resource utilization across the industry chain and strengthen the stability as well as competitive edge of the industry chain's supply chain by integrating government direction with market mechanisms. As one of China's most prosperous areas, the Yangtze River Delta (YRD) has pioneered the implementation of the "Chain Leader System" policy, generating abundant case studies to analyze its real-world impacts. This study explores the impact of the chain leader system policy from the micro perspective of enterprise performance, which can reveal how the chain leader policy affects firm performance through multiple paths, such as technological innovation, digital transformation, government subsidies, and cost reduction, thus adding new connotations and influencing factors to the theory of firm performance. This study focuses on A-share listed enterprises in the Yangtze River Delta region, and takes advantage of the region as a typical area for the implementation of the "Chain Leader System" policy to construct a quasi-natural experiment in order to scientifically assess the impact of this policy on enterprise performance and help the regional economy to develop in a high-quality manner.
subject: Articles
  topic: section
subject: Chain Leader System; Supply Chain; Enterprise Performance; Double-Difference Method.
  topic: keywords
creator: Yiling Wan
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 7
ending page: 19
doi: 10.6981/FEM.202510_6(10).0002

Research on the Construction and Operation Management of Hospital Material Sharing Platform: A Case Study of a Tertiary Hospital
type: item
description: Against the backdrop of the new healthcare reform and high-quality development, public hospitals urgently need to strike a balance between reducing operational costs and improving resource utilization efficiency. Although the traditional Life-Cycle Asset Management (LCAM) system has effectively standardized the vertical circulation of assets, it has failed to address the inefficiency of horizontal allocation and the waste of idle resources. This paper takes a tertiary public hospital as a case study to explore the construction and operation management practices of an idle material sharing platform based on the LCAM system. The study proposes the overall design scheme and core functional modules of the platform, with a particular emphasis on the incentive-compatible mechanism centered on 'economic incentives + credit management'. The practice shows that the platform not only realizes the efficient circulation and value regeneration of idle assets but also establishes an internal market-oriented mechanism through the integration of a points and credit system, thereby fostering a culture of sharing. The research findings have both theoretical and practical value for the promotion of refined hospital management and circular economy models.
subject: Articles
  topic: section
subject: Hospital Management; Material Sharing Platform; Idle Assets; Operation Mechanism; Circular Economy; Refined Management.
  topic: keywords
creator: Xiaowang Pan
creator: Manyan Zheng
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-10-15
publication date: 2025-10-15
starting page: 1
ending page: 6
doi: 10.6981/FEM.202510_6(10).0001

Research on the Impact of Executives' Military Experience on Corporate ESG Performance
type: item
description: With the increasing attention to sustainable development and corporate social responsibility, ESG performance of enterprises has gradually become one of the standards for measuring comprehensive performance, and its importance is becoming increasingly prominent. In recent years, the military experience of executives as a unique personal background characteristic has begun to receive attention from the academic community, but its specific impact on corporate ESG performance still lacks systematic research. This article takes Chinese A-share listed companies from 2016 to 2023 as the research object, exploring the impact of Chinese executives' military experience on corporate ESG performance. The results showed that: (1) there is a significant negative correlation between executives with military experience and corporate ESG performance; (2) The ESG performance of companies with female executives who have military experience is better than that of companies with male executives.
subject: Articles
  topic: section
subject: Senior Executive; Military Experience; ESG Performance.
  topic: keywords
creator: Lihao Zhang
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-09-13
publication date: 2025-09-13
starting page: 209
ending page: 218
doi: 10.6981/FEM.202509_6(9).0020

The "Trade Engine" Effect of Digital Financial Inclusion: Evidence from China's Provincial Panel Data
type: item
description: With its distinct advantages in digital technology, digital financial inclusion has opened new avenues for the growth of China's foreign trade. It has emerged as a vital and indispensable force in driving the sector's advancement. Based on panel data from 30 provinces in China from 2011 to 2022, this paper explores the impact of digital financial inclusion on China's foreign trade development. The findings demonstrate that digital financial inclusion significantly contributes to the growth of China's foreign trade. Moreover, marketization and stronger financial supervision further amplify its positive impact. A deeper analysis reveals that digital financial inclusion has a more pronounced effect in the central and western regions compared to the eastern region. Additionally, the breadth of coverage, depth of services, and level of digitization in digital financial inclusion all play a crucial role in accelerating the development of China's foreign trade. In light of these findings, the Chinese government should prioritize the advancement of digital financial inclusion by strengthening supportive policies and enhancing the legal framework. By doing so, it can fully leverage digital financial inclusion’s potential to drive the growth of China’s foreign trade.
subject: Articles
  topic: section
subject: Digital Financial Inclusion; Foreign Trade Development; Marketization; Financial Regulation.
  topic: keywords
creator: Feilin Guo
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-09-13
publication date: 2025-09-13
starting page: 195
ending page: 208
doi: 10.6981/FEM.202509_6(9).0019

Empowering the EPD Project Team through Organizational Learning: Application of the SECI Model
type: item
description: Under the context of globalization, the concept of sustainable development drives enterprises to face both transformation pressures and opportunities. Environmental Product Declaration (EPD) reports have become vital tools for enhancing corporate competitiveness and addressing trade barriers. However, the application of organizational learning theory in the management of EPD project teams requires further in-depth exploration. This study examines the EPD project team of EX Corporation as a case, integrating organizational learning theory and employing methods such as case analysis, interviews, and literature review to identify issues related to knowledge sharing, collaboration mechanisms, and the cultivation of learning culture within the team. A framework for organizational learning mechanisms based on the SECI model is proposed. The findings indicate that layered training programs, cross-departmental collaboration mechanisms, and the adoption of digital tools can significantly improve team expertise and collaborative efficiency. These measures not only enhance individual capabilities but also promote overall team synergy, providing a solid foundation for the efficient implementation of projects. The results offer practical insights for enterprise team management and serve as a reference for future projects and industry practices.
subject: Articles
  topic: section
subject: Organizational Learning; SECI Model; EPD; Corporate Sustainability; Project Management.
  topic: keywords
creator: Yutong Wang
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-09-13
publication date: 2025-09-13
starting page: 184
ending page: 194
doi: 10.6981/FEM.202509_6(9).0018

Stability of Executive Team and Quality of Earnings Forecasts
type: item
description: This paper takes A-share listed companies from 2010 to 2023 as the research object, and explores how the stability of the executive team affects earnings forecast accuracy. It is found that executive team stability can improve earnings forecast accuracy. Mechanism analysis reveals that executive team stability can improve earnings forecast accuracy by improving the quality of corporate internal control and reducing management overconfidence. The heterogeneity test finds that the promotion effect of executive team stability on earnings forecast accuracy is more significant in state-owned enterprises and mature enterprises. The research in this paper helps to enhance the understanding of executive team stability and provides a new perspective for the capital market and regulators to understand management performance forecasting behaviour.
subject: Articles
  topic: section
subject: Executive Team Stability; Earnings Forecast Accuracy; Internal Control Quality; Overconfidence.
  topic: keywords
creator: Yan Liu
creator: Xiaoyan Xiong
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-09-13
publication date: 2025-09-13
starting page: 171
ending page: 183
doi: 10.6981/FEM.202509_6(9).0017

Digital Research on the Art of Xuan Paper Making from the Perspective of the Metaverse
type: item
description: As a pivotal carrier of China’s intangible cultural heritage, the art of Xuan paper making faces dual challenges of inheritance and innovation in the digital era. This study explores the potential of metaverse technology in facilitating the digital transformation and immersive experience of Xuan paper craftsmanship. Through a questionnaire survey, it analyzes users’ cognition, demands, and expectations regarding metaverse-enabled Xuan paper experiences, and systematically discusses technical empowerment, practical dilemmas, and innovative pathways. The findings reveal strong user expectations for the metaverse to enhance experience authenticity and cultural communication efficiency through immersive scenarios, digital twin-driven global dissemination, and a virtual-real symbiotic economic ecosystem. However, three key challenges are identified: technical adaptability, cultural authenticity preservation, and financial constraints. Correspondingly, innovative strategies such as hierarchical experience design, community-driven cultural ecosystems, and standardized technology integration are proposed. The conclusion indicates that metaverse technology can break the temporal and spatial limitations of traditional inheritance through multi-dimensional empowerment, constructing a "virtual-real symbiotic" system for cultural protection and innovation, thereby providing sustainable solutions for the dynamic inheritance of intangible cultural heritage. This research offers theoretical and practical insights for the digital transformation of traditional crafts, supporting the global dissemination and value reconstruction of Chinese culture in the digital age.
subject: Articles
  topic: section
subject: Xuan Paper Making Technique; Metaverse; Digitization; Immersive Experience; Dynamic Inheritance.
  topic: keywords
creator: Hongbo Deng
creator: Shujun Meng
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-09-13
publication date: 2025-09-13
starting page: 163
ending page: 170
doi: 10.6981/FEM.202509_6(9).0016

Blockchain-Based Framework for Security and Transparency in Tax Collection and Management of Digital Government
type: item
description: With the advancement of digital government construction, tax collection and management, as a crucial link in government fiscal revenue, faces challenges such as information asymmetry, data security risks, and insufficient transparency. Drawing on the characteristics of blockchain technology, this paper proposes the construction of a secure and transparent framework for tax collection and management in digital government. By analyzing the application logic of blockchain technology in tax governance, it explores its feasibility in reducing information asymmetry, enhancing data security, and improving transparency. Based on the "Enterprise-Stakeholder-Institution" three-factor model of the information ecological chain, a tax-related information platform consisting of "Block Layer-Contract Layer-Data Layer-Report Layer" is constructed. Combined with technologies such as blockchain and big data, a spiral upward tax governance framework is proposed. The aim is to provide a secure, transparent, and efficient solution for tax collection and management in the context of digital government, thereby improving tax governance performance and promoting the modernization and intelligent development of tax collection and management.
subject: Articles
  topic: section
subject: Blockchain; Digital Government; Tax Collection and Management; Security and Transparency.
  topic: keywords
creator: Qishen Zhang
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-09-13
publication date: 2025-09-13
starting page: 154
ending page: 162
doi: 10.6981/FEM.202509_6(9).0015

The SWOT Analysis of Shenyang’s International Inland Port Construction
type: item
description: As a vital central city in Northeast China, the construction of an international inland port in Shenyang is of great strategic significance for promoting regional economic development and enhancing the level of international trade facilitation. The SWOT analysis method is employed to thoroughly investigate the strengths, weaknesses, opportunities, and threats of Shenyang's international inland port construction. It is found that Shenyang has significant strengths in geographical location, the development foundation of China-Europe freight trains, and the synergy of policies and infrastructure. However, it also faces weaknesses such as insufficient port hub capacity, high logistics costs, and a single industrial structure. The overlapping national strategies, the transformation to green logistics, and the innovation of digital supply chains present new opportunities for the construction of Shenyang's international inland port. Yet, potential threats exist, including geopolitical uncertainties, homogenized competition in the region, and barriers to multimodal transport standards. Based on the analysis, strategies such as strengthening the “port-inland port-industry” ecosystem, innovating policy toolkits, and digital empowerment upgrades are proposed to provide useful references for the construction and development of Shenyang's international inland port.
subject: Articles
  topic: section
subject: Shenyang; International Land Port; SWOT Analysis; Strategic Suggestions.
  topic: keywords
creator: Min Tian
creator: Lihua Fan
creator: Bo Liu
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-09-13
publication date: 2025-09-13
starting page: 146
ending page: 153
doi: 10.6981/FEM.202509_6(9).0014

How Industrial Intelligence Affects Total Factor Productivity: Evidence from China's Provincial Panel Data
type: item
description: In recent years, the rapid emergence of industrial intelligence has drawn increasing attention to its impact on economic production efficiency. Utilizing panel data from 30 Chinese provinces spanning 2009 to 2022, this study investigates how industrial intelligence affects Total Factor Productivity (TFP). The findings reveal a positive U-shaped trend: during initial intelligence phases, substantial investments and low conversion efficiency temporarily inhibit productivity, but as technologies mature, their positive effects on production efficiency gradually manifest. Notably, industrial intelligence enhances TFP through a critical transmission mechanism - stimulating human capital upgrading by increasing demand for high-skilled labor. Regional analysis demonstrates more pronounced effects in central and western regions compared to relatively subdued impacts in eastern areas. This research provides new empirical evidence for understanding the relationship between industrial intelligence and economic growth, offering valuable insights for policy formulation.
subject: Articles
  topic: section
subject: Industrial Intelligence; Total Factor Productivity(TFP); Human Capital; Positive U-Shaped Relationship.
  topic: keywords
creator: Yuanchun Yu
creator: Yudie Zhang
creator: Kaixin Xu
creator: Yu Fu
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-09-13
publication date: 2025-09-13
starting page: 130
ending page: 145
doi: 10.6981/FEM.202509_6(9).0013

Evaluation of the Collaborative Development Capacity of the ‘Industrial Brain’ in the Context of New Quality Productivity
type: item
description: In the rapid development of the digital economy, China actively implements the policy of digital economy development, and takes digital transformation as the core engine to promote industrial upgrading and cultivate new productivity. As a new type of digital intelligence platform, ‘industry brain’ occupies a key position in the digital economy ecosystem, and plays a driving role in the integration of industrial chain resources and the interconnection of government and enterprise industry data. In this context, the ‘beauty eyelash industry brain’ in Shandong Province, based on the digital intelligence platform, to explore the potential for synergistic development, and become the core incubator to promote the transformation and upgrading of the traditional beauty eyelash industry to a new quality of productivity. In this regard, starting from the overall structure of ‘Industry Brain’, based on the literature, performance self-assessment reports and policy documents, we summarise and refine the evaluation index system of ‘Industry Brain’ synergistic development ability, which includes three dimensions of strategy, resources and organisation, and Comprehensively use the hierarchical analysis method and fuzzy comprehensive evaluation method to carry out in-depth assessment and accurately analyse the status of its synergistic development. The results show that the synergistic development capacity of ‘Beauty Eyelash Industry Brain’ is at a high level. Based on the evaluation results and the weight of the indicators, we focus on the five key elements with higher weights, namely, goal synergy, policy synergy, cultural synergy, financial synergy and management synergy, and dismantle the five elements from the governmental side and the enterprise side, and put forward the following recommendations The ‘beauty eyelash industry brain’ optimisation scheme helps the ‘beauty eyelash industry brain’ to be further improved, and points out the development direction for industrial inte…
subject: Articles
  topic: section
subject: New Quality Productivity; Industrial Brain; Synergistic Development; Evaluation Index System; Collaboration between Government and Enterprises.
  topic: keywords
creator: Jia Liu
creator: Zhaoyue Xu
creator: Shuwei Wang
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-09-13
publication date: 2025-09-13
starting page: 109
ending page: 129
doi: 10.6981/FEM.202509_6(9).0012

Study on the Impact of Green Transformation on Corporate Performance in the Chengdu-Chongqing Region under the Dual Carbon Context
type: item
description: Against the backdrop of the “dual carbon” strategy, corporate green transformation has become a crucial pathway for driving high-quality development and regional sustainable growth. This study examines Tongwei Co., Ltd., a representative enterprise in the Chengdu-Chongqing region, using both traditional financial metrics and green non-financial indicators to analyze the impact of its green transformation on corporate performance. Findings reveal that Tongwei has achieved synergistic development of green production models and business operations by integrating resources from its dual core businesses-photovoltaic new energy and smart aquaculture-through technological innovation and clean energy applications. This process has enhanced the company's short-term solvency, profitability, and asset operational efficiency. Concurrently, R&D investment has increased, patent output has grown steadily, the proportion of clean energy usage has risen, and carbon emission intensity has decreased. These outcomes demonstrate that green transformation positively impacts both financial and non-financial performance. The findings provide valuable experience and policy references for enterprises in the Chengdu-Chongqing region advancing their green transformation efforts.
subject: Articles
  topic: section
subject: Carbon Peaking and Carbon Neutrality Goals; Tongwei Co., Ltd.; Green Transition; Corporate Performance.
  topic: keywords
creator: Ruiqi Tang
creator: Huan Huang
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-09-13
publication date: 2025-09-13
starting page: 98
ending page: 108
doi: 10.6981/FEM.202509_6(9).0011

The Critical Evaluation of Research Methodology based on the Starbucks Case Study
type: item
description: This study critically evaluates qualitative research methodologies through a Starbucks case study on the adoption of reusable containers. It analyzes methods of data collection and analysis, identifying five key variables influencing consumer behavior: attitudes, intentions, behavioral patterns, contextual factors and cultural influences. Questionnaires are highlighted as an effective tool for gathering scalable and quantifiable data, despite limitations in development time and potential respondent bias. The research provides practical insights for promoting sustainable consumption and enhancing brand loyalty, contributing to both academic and organizational practices in environmental sustainability.
subject: Articles
  topic: section
subject: Research Methodology; Qualitative Research; Starbucks.
  topic: keywords
creator: Mengyuan Yang
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-09-13
publication date: 2025-09-13
starting page: 94
ending page: 97
doi: 10.6981/FEM.202509_6(9).0010

Research on the Development Model and Transformation and Upgrading Path of Wenzhou Industrial Clusters
type: item
description: Wenzhou, as an important birthplace of China's private economy, has typical and representative industrial cluster development. This article systematically analyzes the development status, efficiency, and transformation path of Wenzhou industrial clusters based on the composite location entropy and four-dimensional dominant capability evaluation model. Research shows that Wenzhou has formed a dual track parallel pattern of traditional pillar industries and emerging strategic industries. Traditional industries have a high degree of agglomeration but weak growth, while emerging industries are active in innovation but lack scale. By constructing an evaluation system that covers innovation, development, agglomeration, and green dimensions, identify the advantages of head clusters and the transformation needs of midstream and downstream industries. To address issues such as low efficiency in innovation transformation and contradictions in growth quality, measures such as strengthening technological innovation, promoting digitalization and green transformation, and improving policy systems are proposed to provide scientific basis and practical path for Wenzhou to build an advanced manufacturing cluster with international competitiveness.
subject: Articles
  topic: section
subject: Composite Location Entropy; Industrial Cluster; Transformation and Upgrading; Effectiveness Evaluation.
  topic: keywords
creator: Hongjuan Lu
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-09-13
publication date: 2025-09-13
starting page: 85
ending page: 93
doi: 10.6981/FEM.202509_6(9).0009

Digital Village Construction, Income Structure and Rural Income Growth: Evidence from Peking University Digital Village Index and China Household Finance Survey
type: item
description: As one of the most economical and convenient ways to connect rural areas to better economic opportunities, this paper provides empirical evidence on digital village building to improve rural household incomes and its main pathways. Utilizing county-level digital village index data from Peking University paired with the 2018 and 2020 CHFS survey, this study evaluates the influence of digital village construction on rural household’s income in China. The results confirm that digital village construction significantly improves household income, predominantly non-farm earnings, with wages being a prime contributor. Mechanism analysis reveals that digital village construction impacts household income via labor structure, land transfer, and working hours, stimulating both direct and indirect employment across various industries. Furthermore, it is found that digital village construction facilitates inclusive growth, amplifying incomes of marginalized groups such as low-income households, central-western regions, and lesser-educated populations. These findings can help in narrowing the income gap between urban and rural group.
subject: Articles
  topic: section
subject: Digital Village Construction; Income Growth; Non-Farm Income; Rural Household.
  topic: keywords
creator: Xiang Cao
creator: Pengcheng Liang
creator: Nan Jia
creator: Jiayang Yu
creator: Chuanjiang Yu
rights: Copyright (c) 2025 Frontiers in Economics and Management https://creativecommons.org/licenses/by-nc/4.0
date: 2025-09-13
publication date: 2025-09-13
starting page: 71
ending page: 84
doi: 10.6981/FEM.202509_6(9).0008