The 2nd International Conference on Internet Finance and Digital Economy (ICIFDE 2022)

School of Economics and Finance, College of Business, Massey University, New Zealand

Research Area：Applied Economics, International Macroeconomics, International Finance, Financial Economics, Islamic Finance, and Tourism Economics

Brief introduction of your research experience: Faruk received his PhD from University of Houston in 2007. Prior to joining Massey University, he worked as a research Economist in Central Bank of Qatar, in Dubai University as Assistant Professor and in University of Houston as a Teaching Fellow. His research interests lie on the edge of international macroeconomics and international finance. His research areas mainly cover but not limited to the topics of international finance, macroeconomic aspects of international finance, international portfolio allocation, income and consumption smoothing, and modelling the volatility in asset prices. Currently, Faruk has a number of publications in the selected finance and economic journals including; Canadian Journal of Economics, Economics of Transition, World Economy, International Review of Finance, Empirical Economics, Economic Modelling and Applied Economics. He has acted as a referee more than 15 different journals and currently serves on the editorial boards on the editorial board of International journal of Bonds and Currency Derivatives. Some of his selected works have been presented at the European Finance Association, FMA Annual Meetings, and American Economic Association Meetings.

Speech Title: Risk Sharing across Emerging Economies. What Can We learn from them?

Abstract: This paper examines the channels of risk sharing across emerging markets. We have employed macroeconomic channels to quantify the extent of the risk sharing across different subgroups. We have found that bulk of risk sharing depends on credit markets(saving) channel whereas the impact of the capital markets (net factor income) are increasing across Emerging markets in particular in the developing East Asian markets in the last decade. Novel to the literature, we decomposed net factor income channel and explored that income payments for foreign liabilities exhibits procyclical behaviour with domestic output shocks and smooth the domestic output shocks. Unlike OECD members, the impact of the income inflows on risk sharing is minimal. Further analysis on the factor income channel show that the impact of the foreign equity inflows is quite influential(positively) in explaining the extent of the factor income channel. As equity portfolio inflows increases, the extent of the risk sharing across net factor income(and outflows) increases. We also decompose the savings channel into government and show that government and household savings are making a big bulk of the national channel and government channel’s impact have been affected severely after the GFC period.

Keywords: Risk Sharing, Channels of Risk Sharing, Net Factor Income, Foreign Aid, Remittances

Research Area: Behavioral Finance, Empirical Asset Pricing, FinTech, Corporate Finance, Media and Asset markets, Big Data and Machine Learning, Textual Analysis, Financial Econometrics, International Finance

Brief introduction of your research experience:“Professor Jun Tu” is Assistant Professor of Finance (from July 2004 to June 2012) and Associate Professor of Finance (from July 2012) at the Singapore Management University (SMU). Prof Tu has served as the center director for the Centre for Asset Securitisation and Management in Asia at SMU from 2012 to 2014. He has been serving as Associate Editor for Journal of Economic Dynamics and Control (2018 - present), Subject Editor for the Emerging Markets Finance and Trade (2013 - present), and Associate Editor for China Finance Review International (2020 -present). In addition, prior to SMU, he was studying as a Finance PhD student at Washington University in St. Louis. He is a receiver of several awards, including The Most-Cited Paper Reward (2015-2016) at Review of Financial Studies, Lee Foundation Fellowship for Research Excellence at SMU, Sing Lun Fellowship, Pacific Basin Finance Journal Prize (First Prize), and Research Fellowship at Washington University in St. Louis. His research articles have been published in top academic journals, including Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, and Management Science. Besides academic impacts, his research has also been synthesized by leading industry-oriented journals, such as The CFA Digest, Citibank/UBS Reports. In addition, Prof Tu has presented his research to industry leaders, academic experts, and government regulators at various places.

Abstract: The information available for research in finance and economics can be considered as ``big data’’ when we include a tremendous amount of unstructured data, such as various texts from media. Moreover, data usually do not exist in isolation but in a connected manner. For instance, the sales information of customer firm A can be important for supplier firm B as well. In an overview of the literature including some of my own studies, I describe various methods used in cracking big data (e.g., textual analysis) and data networks.

Research Area: Management Information Systems; Project Scheduling; IT Project Management

Brief introduction of your research experience: Hongbo Li is Associate Professor of Information Systems and Management Science in the School of Management at Shanghai University, Shanghai, China. He obtained his PhD degree in Management Science in July 2014 from School of Economics and Management, Beihang University, Beijing, China. He was a visiting PhD student at Research Center for Operations Management, Faculty of Economics and Business, KU Leuven, Belgium from 2012 to 2013. His research interests include artificial intelligence, metaheuristics, project scheduling, robust scheduling, data science, business analytics, and information systems. He has published in a variety of refereed journals, such as Journal of Scheduling, International Journal of Production Research, Decision Support Systems, Expert Systems with Applications, and Electronic Commerce Research and Applications.

Abstract: In public R&D projects, to improve the decision-making process and ensure the sustainability of public investment, it is indispensable to effectively evaluate the project performance. Currently, public R&D project management departments and various academic databases have accumulated a large number of project-related data. In view of this, we propose a data-driven performance evalu-ation framework for public R&D projects. In our framework, we collect structured and unstructured data related to completed projects from multiple websites. Then these data are cleaned and fused to form a unified dataset. We train a project performance evaluation model by extracting the project performance information implicit in the dataset based on multi-classification supervised learning algorithms. When facing a new project that needs to be evaluated, its performance can be automat-ically predicted by inputting the characteristic information of the project into our performance evaluation model. Our framework is validated based on the project data of National Natural Sci-ence Foundation of China (NSFC) in terms of four performance measures (i.e., Accuracy, Recall, Precision, F1 score).

Research Area: Global Value Chains and International Trade; Industrial Organization and Environmental Economics; Regional economy and sustainable development

Brief introduction of your research experience: Professor and doctoral advisor of School of Finance and economics of Jiangsu University, director of Institute of industrial economics / Institute of low carbon economy and environmental regulation. Doctor of economics, Zhejiang University, postdoctoral in management, Jiangsu University, postdoctoral in school of environment, Shanghai Jiaotong University; Visiting scholars from the University of Nevada (UNR) and Nanyang Technological University (NTU) in Singapore. Executive director of the energy and resources system engineering branch of the China Society of systems engineering, executive director of the national input-output and big data research association, member of the resource economy research professional committee of the China Society of natural resources, director of the energy economy and management research branch of the China "double law" Research Association, senior member of the China Society of technical economics, and director of the China Soft Science Research Association. Served as the reviewer of academic journals such as energy policy, technical forecasting&social change, China's population, resources and environment.

The Effect of Global Value Chain Participation and Position on Energy Efficiency: Evidence from BRI Countries

The study's primary objective is to analyze the effects of GVC on energy efficiency considering BRI countries. This study further examines the complex relations amongst GVC; the energy efficiency and economic growth nexus provided the threshold variables intermediating the link; the results of Global innovate value chain on volatility shocks. And our outcomes are crucial to formulating sustainable development strategies geared towards allocating energy resources to increase access to energy globally. This outcome of this study offers an opportunity for the Chinese government and the stakeholders to evaluate and monitor the success of the BRI program in the short term and the long-term phases. This study is projecting the benefits and the extent of the attractiveness of the BRI program to the global world.

Research Area:Economics, Contract Theory, Industrial Organization Theory, Game Theory

Brief introduction of research experience: Dr. Meng is an associate professor at the School of Economics of Shanghai University of Finance and Economics. His research focuses on contract and mechanism design theory with its applications on industrial organization. He obtained a Ph.D. in economics in 2009 from SHUFE. During the period from 2005 to 2010, he hold positions of lecturer at Shanghai University of International Business and Economics and East China Normal University. He joined the faculty of my Alma Mater in 2011. He has his works published on academic journals such as Games and Economic Behavior, Economic Theory, Review of Economic Design, Operations Research Letters, and several Chinese journals.

Abstract: This paper studies a mechanism design problem with networked agents and stochastically evolving private information.In contrast to the canonical mechanism design theory focusing mainly on the information issues, we pay more attention to impacts of the topology of social network. We find the standard first-order approach for mechanism design is not applicable in our dynamic environment. As a remedy, a novel ironing technique is proposed, which produces a perfectly sorting allocation. Based on the optimal dynamic mechanism obtained, we define and compare some important nodes and links in a network (including key customer, top influencer, key link and stable link) for different ranges of synergy parameter. We further discuss the network intervention problem where a central planner allocate optimally a finite budget among multiple tasks of changing the means and variances of agents' initial types. Also, we discuss the applications of our result in economic problems such as the choice of airline, the identification and quarantine of key infestor in epidemic prevention and control .

Brief introduction of your research experience: I have been always dedicating to research on the management of technological innovation and organizational behavior. Relevant over 20 papers have been published in leading journals at home and abroad like "Contemporary Economics", "Journal of Industrial Technological Economics" and "Science & Technology Management Research". Also, I have hosted and participated in more than 20 projects in major programme, including "National Natural Science Foundation of China","National Social Science Foundation of China","Social Science Foundation of Jiangsu Province","Philosophy & Social Science of Universities of Jiangsu Province", and Nanjin's key projects in the early stage of"13th Five-Year Plan(2016-20)"&"14th Five-Year Plan(2021-25)" I have attended over 20 academic exchange conferences both at home and abroad and joined the compilation of 2 textbooks. Furthermore, I was once honored "2nd Prize of the 9th Excellent Achievement in Philosophy & Social Science of Jiangsu Province" via the paper"Special Research Report on Exploitation of Areas along Rivers in Jiangsu Province"and was awarded "2nd Prize of Academic Papers on Environmental Impact Assessment of Jiangsu Province" as well. At present, I am one of panel members for"Development and Reform Commission"of Nanjing as well as Gulou District, which belongs to Nanjing, and a panelist for"Jiangsu Brand Association".A number of horizontal projects of Science & Technology for Nanjing and Gulou District is assumed by me as well. For a long time, I am providing planning work in the fields of Science & Technology for provincial, municipal and district government departments. Besides, my efforts also contribute to the academic foundation of current hot issue"Responsible Innovation".

Speech Title: Research on system and environment of service economy for acceleration

Abstract: As economy gradually becomes stable, we are now living in the"post-pandemic" era with regular epidemic prevention. At this time, the system design and environment protection of service economy, springing from its structure's transformation, optimization and improvement, determine the steadiness of national economy. Based on in-depth study of sample district's current situation, opportunities and challenges on service economy, our research conducts an effective analysis of system defects and environment problems. After consulting experience of home and abroad, we suggest that the system and environment should be improved from four aspects – institution, mechanism, policy and circumstances, so as to promote the sound and steady development of service economy.

Assoc. Prof Shizhong Tian

Economics School, Anhui University,China

Speech Title: Basic paradigms, cases and trends of financial expenditure performance evaluation

Abstract: Paying attention to the performance evaluation of financial expenditure is an important embodiment of implementing the comprehensive budget performance management. At present, financial expenditure performance evaluation focuses on post evaluation, which is divided into two paradigms: qualitative evaluation and quantitative evaluation, but there are great differences in evaluation methods and evaluation index system. Through the introduction of two cases of financial expenditure performance evaluation, this paper makes an in-depth explanation. On this basis, it points out the development trend and focus of performance evaluation of fiscal expenditure in the future.

Speakers