A Review of Current Studies on Internet Finance in China

The Internet and finance are accelerating into integration in the 21st Century. Internet Finance was firstly proposed by Ma Weihua, the former president of China Merchants Bank in July 2012. On the basis of 74 latest research literatures selected from CSSCI Journals, Chinese Core Journals, authoritative magazines and related newspapers, this paper summarizes the current domestic research progress and trend about Internet Finance according to three dimensions, such as the sources of journals, research subjects and research contents. This research shows that the current domestic researches are not only shallow and superficial, but also lack the theoretical analyses and model applications; and the wealth-based and bank-based Internet Finance will be the research focus in the future

The determinants of internet financial disclosure: The perspective of Malaysian listed companies

This paper investigates whether Internet Financial Disclosure (IFD) can be explained by the elements of the company’s characteristics and dominant personalities in board committees.Ten variables have been tested using data collected from 194 Malaysian listed companies’ websites, namely, internationality, leverage, foreign shareholders, information technology (IT) experts, firm’s age, number of shareholders, listing status, dominant personalities in the audit committee, chairman of audit and nomination committees, and dominant personalities in the audit and nomination committees.It is found that IT experts, firm’s age, number of shareholders and listing status are significantly affected by the level of IFD. However dominant personalities in the audit and nomination committees are negatively related to the level of IFD in Malaysia.The study provides some evidence to support the signalling theory and the cost and benefit hypothesis in relation to Internet disclosure

An Overview and Examination of the Indian Services Sector

India’s service sector has grown rapidly since the 1990s. Domestic demand for services has increased as incomes have risen, triggering the expansion of industries such as banking, education, and telecommunications. Exports have also increased rapidly, led by information technology and business process outsourcing (IT-BPO). India’s ability to offer low-cost, high-quality IT-BPO services has made it a world leader in this industry. However, employment in services has not grown as quickly as output. The majority of India’s jobseekers are low-skilled, but demand for workers is growing fastest in higher-skill industries. The supply of highly-skilled workers has not kept pace with demand, causing wages to increase faster for these workers than for lower-skilled ones. India’s government has supported the growth of service industries through a mix of deregulation, liberalization, and incentive programs, such as the Software Technology Parks of India. Nevertheless, burdensome regulations, poor infrastructure, and foreign investment restrictions continue to affect service firms’ ability to do business. USITC analysis suggests that additional liberalization would lead to an increase in India’s imports of services

The last five years of Big Data Research in Economics, Econometrics and Finance: Identification and conceptual analysis

Today, the Big Data term has a multidimensional approach where five main characteristics stand out: volume, velocity, veracity, value and variety. It has changed from being an emerging theme to a growing research area. In this respect, this study analyses the literature on Big Data in the Economics, Econometrics and Finance field. To do that, 1.034 publications from 2015 to 2019 were evaluated using SciMAT as a bibliometric and network analysis software. SciMAT offers a complete approach of the field and evaluates the most cited and productive authors, countries and subject areas related to Big Data. Lastly, a science map is performed to understand the intellectual structure and the main research lines (themes)

Shanghai rising in a globalizing world

In a globalizing world, cities at or near the apex of the international urban hierarchy are among the favored few--New York, London, and Tokyo--that have acquired large economic, cultural, and symbolic roles. Among a handful of regions that aspire to such a role--such as Hong Kong, Miami, and Sao Paulo--Shanghai has reasonable long-term prospects. If the Chinese economy can sustain its growth rate, it will rival the United States in a few decades. And if Shanghai can sustain its preeminence in China, it is the Asian city most likely to become a global center. The authors explore the makings of a world city, identify ingredients essential for that status, indicate national and municipal policies that may set Shanghai on the path to being a global city, and show how such policies are being implemented. As urbanization continues, the authors say, and as information technology and finance-related service activities take on even more importance, the number of regional and global centers could increase, but only if they satisfy some exacting requirements. Shanghai's chances, for example, depend on the extent to which China opens up and on a host of municipal policies--policies that emphasize Shanghai's industrial strength, substantially enlarge its base of information technology and producer services, ensure an adequate supply of skills, expand available housing and infrastructure enough to meet demand, and improve the quality of life.Decentralization,Banks&Banking Reform,Municipal Financial Management,Payment Systems&Infrastructure,Environmental Economics&Policies,Environmental Economics&Policies,ICT Policy and Strategies,Public Sector Economics&Finance,Banks&Banking Reform,Municipal Financial Management

Development of MBA education in China: opportunities and challenges for western universities

China’s embrace of the market economy has created a growing demand for business education, in particular for MBA programs. This paper first reviews development of MBA education in China as a basis for then discussing problems with current Chinese MBA teaching. Next, suggestions of how to solve these problems are presented. Finally, opportunities and challenges for Western universities to participate in China’s MBA education are addressed