Nexus analysis of financial management,digital finance and new technologies

This paper measures the associations between financial development, green finance, and technological progress, focusing on developing countries in Asia and Europe. Employing the FMOLS estimation of variables from 2010 to 2021 concluded that the digital finance index has a positive coefficient in the panel of developing countries and the panel of European developing countries, while the coefficient of this variable is insignificant for Asian developing countries. The financial depth index also has a positive coefficient in all three-panel groups of countries. Regarding the Asian developing economies, there is only a bi-directional causal relationship between the innovation index and financial development. Developing countries can implement developing digital finance markets, improving good governance, increasing the competitiveness index, and creating a regional digital finance network as practical policies.     

互联网时代的投资方向

中国投资协会股权和创业投资专业委员会（简称“创投委”）二届一次理事扩大会议前不久召开。北京联创永宣的投资人田野发表演讲。他认为：互联网是科技发展到一定阶段出现的新方法、新工具和新渠道,沿着这个思路,从行业上来讲有几个大的方向。     

The Internet in the personal finance course

A revolution is occurring as textbook authors struggle with how to effectively incorporate the Internet into the personal finance textbooks and course. This paper considers three questions associated with this revolution. What is the current degree of Internet integration? Where might we be headed with this new technology? Will this integration make for a better course? The current degree of Internet integration is reported in Table 1, Table 2. An argument is made that we may be headed to an eventual elimination of the textbook, as we know it. There is some preliminary evidence that this will make for a better educational experience.     

大数据时代下的互联网金融

在2013中关村论坛国际技术转移与创新之城建设分论坛上．宏源证券计算机和互联网行业高级分析师、中国建投投资研究院特约研究员赵国栋先生发表了对互联网金融看法,他认为：互联网金融将会带来一些颠覆性的变革,在不久的将来,会出现一个更加欣欣向荣的金融业     

The response of the external finance premium in Asian corporate bond markets to financial characteristics,financial constraints and two financial crises

Empirical investigation of the external finance premium has been conducted on the margin between internal finance and bank borrowing or equities but little attention has been given to corporate bonds, especially for the emerging Asian market. In this paper, we hypothesize that balance sheet indicators of creditworthiness could affect the external finance premium for bonds as they do for premia in other markets. Using bond-specific and firm-specific data for China, Hong Kong, Indonesia, Korea, Philippines, Singapore and Thailand during 1995–2009 we find that firms with better financial health face lower external finance premia in all countries. When we introduce firm-level heterogeneity, we show that financial variables appear to be both statistically and quantitatively more important for financially constrained firms. Finally, when we examine the effects of the 1997–1998 Asian crisis and the 2007–2009 global financial crisis, we find that the sensitivity of the premium is greater for constrained firms during the Asian crisis compared to other times.     

The genesis of the 2008 global financial crisis and challenges to the neoclassical paradigm of finance

In the first step, this paper briefly discusses the macroeconomic background of the 2008 financial crisis. Next, we take a wider approach and we look at systemic changes that global economics, and financial markets in particular, had undergone. We wonder if these transformations, and their effects so dramatically demonstrated in 2008, give grounds to modify the theoretical background of finance. The neoclassical paradigm might be seen as an idealized normative benchmark. On the other hand, behavioral approach helps explain deviations from this benchmark, however itself it lacks the normative character. We conclude that in contemporary circumstances an interdisciplinary approach is needed in the search for an adequate theory, as the financial world is getting more and more complex and dynamic.     

互联网金融的监管思路是建立立体式风控体系

2016年互联网金融有哪些大事件 2016年,国际上发生了一些互联网金融领域的大事件,一是在2016年5月2日,美国一家非常著名的网贷机构OnDeck公布了盈利数据,其盈利数据比市场预测低很多.该公司公布次日股价下跌了34%.二是美国另外一家P2P公司P r o s p e r在2016年5月3日裁员171人,占其总人数的28%,这是美国P2P行业内的首次大规模裁员.三是2016年5月9日,作为全球P2P行业的标杆公司Lending Club,由于把贷款产品卖给投资特征不符合的投资者,创始人辞职了.     

互联网金融时代：中国金融体系何去何从

当前,中国正处于全世界创新与改革的中心,其金融体系的改革更成为全球瞩目的大事,而全球主要经济体每一次重要的体制变革,往往伴随着重大的金融创新,尤其随着互联网金融潮流的兴起,中国的金融体系势必要经历改头换面的洗礼。在互联网金融时代,中国的金融效率、交易结构、甚至整体金融架构都将发生深刻变革．对此,面临严峻挑战的传统金融机构应该作出何种应对7中国的金融体系改革何去何从     

金融科技的危机管理

比尔·盖茨有句名言:微软离破产永远只有18个月;而奔驰公司董事长埃沙德·路透则给办公室那张巨大的恐龙照片下了这么一个脚注:在地球上消失了的、不会适应变化的庞然大物比比皆是。———这,就是危机意识。关于危机意识,大家都还知道另一个反面案例,那就是:青蛙死在温水里。可见,大到国家、民族,小到企业乃至个人,危机意识是生存和发展所必需具备的。危机意识催生危机管理。一场SARS,唤醒了社会的危机意识,令政府、企业、机构纷纷重视起应急措施的建立,而建立应急措施正是危机管理的重要内容。对金融业来讲,危机管理的重要性自是不言而喻。在金融信息化发展步伐越来越大,金融业务越来越依赖信息技术的情形下,金融业如果没有建立起有效的应急机制,不能进行有效的危机管理,那么,当危机突然来临时,“亡羊补牢”可就“为时晚矣”!《金融科技的危机管理》一文,作者立足科技角度对金融危机管理进行了比较全面的阐述,相信对广大读者有所启迪。     

美国互联网金融监管及对我国的启示

近年来,我国互联网金融快速发展,引起社会各界的广泛关注。本文对美国互联网金融发展历程与主要业态、监管政策与实践进行了分析研究,在此基础上提出促进和规范我国互联网金融发展的监管思路和政策建议。