Risk and Financial Management

Exploration and Scale Development of Brand Internalization Dimensions for Employees in Refined Oil Sales Enterprises

Qingjing Yang — 2025-03-08

In recent years, fierce competition has compelled refined oil sales enterprises to make strategic adjustments, one of which is to modify their marketing strategies. These strategies include internal marketing to employees, perceived as brand internalization from the employees' perspective. However, exploration of employee brand internalization has often been limited to industries such as tourism and hospitality, with no specific scale for refined oil sales enterprises. To address this, the article employs a combination of qualitative and quantitative methods, leading to the following conclusions: Using employees from four refined oil sales enterprises as samples, an exploratory study was conducted using grounded theory, extracting 24 primary dimensions of employee brand internalization. A theoretical model of the meaning dimensions of employee brand internalization in refined oil sales enterprises was constructed. Furthermore, following a rigorous scale development process, a measurement scale of employee brand citizenship behavior with 20 items was developed. This research not only provides a measurement tool for empirical studies on the meaning of employee brand internalization in refined oil sales enterprises but also offers a diagnostic tool for refining marketing strategies in these enterprises.

Incentive Mechanism and Policy Suggestions of Eco-Taxation System for Low-Carbon Transformation of Enterprises

Liu Wei — 2025-03-08

This study is devoted to discussing the role of eco-taxation system in promoting low-carbon transformation (LCT) of enterprises, and puts forward corresponding policy suggestions. In terms of methods, this article analyzes the basic principles, components and dual roles of eco-taxation system in ecosystem preservation and socioeconomic advancement, and constructs a theoretical framework for eco-taxation system to promote LCT of enterprises. Furthermore, this study deeply discusses the mechanism of eco-taxation system to stimulate LCT of enterprises through price mechanism, cost effect and innovation incentive. It is found that the eco-taxation system effectively guides enterprises to adopt low-carbon production mode and helps the green upgrading of industrial structure. However, in the process of implementation, there are also problems such as tax burden and tax evasion. In view of these problems, this study puts forward a series of policy suggestions to optimize the eco-taxation system, and emphasizes the responsibility of the government in implementing the eco-taxation system. Policy suggestions include adjusting tax structure and improving tax preferences. This study provides targeted suggestions for policy makers and provides theoretical basis and practical reference for promoting LCT and long-term development of enterprises.

Why Does Rural Industrial Integration Lag in Kaiping City? An Exploration of Barriers and Pathways Under Rural Revitalization

Lingling Liu — 2025-03-28

This study focuses on the development path of rural industry integration in Kaiping City within the context of rural revitalization. Through an in-depth investigation of the current state of rural industries in Kaiping City, it analyzes core issues in the process of industrial integration, such as insufficient extension of the industrial chain, imbalance in the allocation of production factors, and weak efficiency of business entities. These issues are manifested in the low level of agricultural product processing, loose linkage between secondary and tertiary industries, significant constraints on land and capital factors, insufficient driving force from leading enterprises, and a lack of specialized talent. Next, leveraging Kaiping City's unique agricultural resources and the cultural advantages of overseas Chinese, a multi-dimensional optimization path is proposed. This includes exploring the potential of distinctive agriculture, promoting deep integration of agriculture with tourism, culture, and other industries, and extending the value chain. It also involves innovating the factor supply mechanism and improving resource integration efficiency through intensive land use, financial instrument innovation, and enhancements to digital infrastructure. Furthermore, it aims to strengthen the main cultivation system, implement a chain incubation project for leading enterprises, and improve the socialized service system. By combining theory and practice, this study provides decision-making references for overcoming the bottlenecks of rural industrial integration in Kaiping and activating endogenous development momentum, helping Kaiping City to establish a rural revitalization model with a demonstration effect, providing strong support for the effective implementation of the rural revitalization strategy in Kaiping City, and offering references for the integrated development of rural industries in other regions.

Research on the Impact of Corporate Green Transformation on Organizational Performance under ESG Strategy Orientation

Zhang Xianghan — 2025-04-03

Against the backdrop of the intensifying global climate crisis and the deepening consensus on sustainable development, ESG (Environmental, Social and Governance) strategy has gradually evolved from a corporate compliance tool to a strategic framework for reshaping core competitiveness. With the tightening of policies and regulations in various countries and the strengthening of green preference in the capital market, the environmental and social pressures faced by enterprises have been transformed from external constraints to internal transformation dynamics. Green transformation is not only a necessary path for companies to cope with regulatory and market risks, but also a key lever to capture long-term value. However, this process is not linear, and its complexity is reflected in the game between short-term cost investment and long-term benefits, and the conflict between technological innovation and organizational inertia. the embedding of ESG strategy provides systematic guidance for green transformation, and through the integration of environmental goals and social responsibility, it promotes the transformation of enterprises from resource-consuming to innovation-driven mode. In this process, the dimension of organizational performance measurement has expanded from single financial indicators to non-financial areas such as innovation ability and brand value, forming a multi-dimensional interactive performance enhancement mechanism. At present, how to realize performance breakthrough through green transformation has become a core proposition in the practice of sustainable development of enterprises.

Study on the Influence Mechanism of Digital Intellectualization on Accrual Surplus Management in Enterprises with Different Ownership Properties

YiChun Hou — 2025-04-20

For a long time, information asymmetry has become a deep-rooted problem in modern enterprise management. It not only distorts market behavior, but also harms the value of the enterprise itself. With the rapid development of digital technology, enterprises have unprecedented opportunities to change financial information processing and disclosure, and digital technology such as big data and artificial intelligence is expected to alleviate the information asymmetry problem. In this study, we focus on the impact of digital intelligence on accruals management in firms with different ownership properties, and conduct an empirical analysis using panel data of Chinese A-share listed firms from 2012 to 2022. It is found that, firstly, Numerical Intelligence significantly inhibits firms' surplus management; secondly, with the addition of the moderating variable of property rights nature, Numerical Intelligence has a more significant inhibitory effect on firms' incentives to manage surplus; thirdly, heterogeneity analyses conclude that Numerical Intelligence's inhibitory effect on firms' surplus management is more pronounced in non-state-owned firms. Based on this, this study suggests that in order to further alleviate the problem of corporate information asymmetry, it is necessary to further deepen the level of enterprise's own Numerical Intelligence, improve the supervision of Numerical Intelligence, construct differentiated regulatory policies, and safeguard the rights and interests of the relevant stakeholders of the enterprise, so as to further optimize the synergistic development of corporate governance.

The Risk Spillover Effect of China's Financial Market and Real Economy——Based on Network Correlation Analysis

Yichuan Yuan — 2025-04-20

Financial security is crucial for the development of the Chinese economy owing to the complex interconnections between the financial market and the real economy. This study employs the generalized variance decomposition method to construct a two-way risk spillover model between China’s financial market and the real economy. It investigates the two-way risk spillover trans- 4 mission and risk hedging in different markets when facing external shocks over the past four years. Firstly, following external shocks, both the overall market’s total risk spillover and individual markets’ risk spillover exhibit different characteristics and effects across various periods. Secondly, convertible bonds in the bond market, along with the securities lending, margin trading and short selling in the stock market, are identified as key channels for cross-market financial transmission. This study underscores the importance of coordinated economic growth and financial risk management, thereby enhancing our understanding of the relationship between China’s financial markets and the real economy.

Research on the Introduction of Digital Tax in China Based on Tax Competition

Fuhan Liu — 2025-04-22

Distinguishing international tax competition from horizontal tax competition among domestic local governments, and analyzing economic development, local fiscal sustainability and digital economic industry development respectively. It is found that domestic local economic development and horizontal tax competition are conducted through top-by-top tax competition and bottom-by-bottom tax competition. Point to digital tax. Then, we discussed the necessity of levying digital tax in China from domestic and international perspectives, and judged the feasibility of levying digital tax and the setting of collection entities from the perspective of the government and the market. We believed that there was no strong need for levying digital tax for international entities for the time being, and it was necessary and initially feasible for domestic entities to levy digital tax, but long-term planning was needed. At the same time, it emphasizes the importance of the construction of supporting systems such as policy publicity, technology development, business environment, and international voice.

A Study of Existing Problems and Improvement Measures in Credit Risk Management of Fixed Income Securities

Wei Cui — 2025-04-25

Credit risk management of fixed-income securities, as an important component of the financial market, is closely related to market stability and investor rights and interests. In recent years, global economic fluctuations and shifts have become more pronounced, and credit risk events have occurred repeatedly, exposing many shortcomings and weaknesses in the current management system. Currently existing problems are with failure of independence of the rating system, failure of information disclosure mechanisms, risk pricing delayed rather than driven by fundamentals, and regulation does not keep pace with market innovation. These problems have complicated the risk transfer chain process and increased market fragility. The study, based on existing relevant theories and cases, proposes systematic reforms including setting multiple rating mechanisms, stronger information disclosure obligations, implementing dynamic pricing mechanism as well as a comprehensive regulatory framework. By optimizing the risk identification and mitigation paths, it can provide practical references for enhancing market pricing efficiency and safeguarding financial security, and help the long-term healthy development of the fixed income securities market.