Economics and Business Administration

  • A study on the Management Mode of Modern Vocational Education in China

    Since the reform and opening up, the management model of China’s vocational education has exposed many problems and deficiencies in the process of continuous improvement. The purpose of this paper is to study the management mode of modern vocational education in China, including: 1) research on the development of modern vocational education in China after reform and opening up; 2) study the current status and management mode of vocational education management in China; 3) summarize the main aspects of modern vocational education management theory and model to optimize the management model suitable for the development of modern vocational education in China. This paper selects the methods of qualitative research, selects the relevant responsible persons of vocational colleges, government and enterprise departments, conducts in-depth interviews on the relevant issues of China’s modern vocational education management model, and combines relevant books, reports and materials to propose an optimized management mode of modern Chinese vocational education. Through qualitative analysis, we find that 1) Since the reform and opening up, the development of China’s vocational education has mainly experienced the “exploration and practice stage”, “the stage of vigorous growth” and “the stage of quality improvement”, which has shifted from the cultivation of professional talents to the quality training; 2) The current Chinese vocational education management model mainly follows the modern apprenticeship management mode, and gradually explores the formation of vocational education group and corporate management mode. In the quality training of vocational students, it pays attention to the implementation of talent integration projects and strengthens the combination of engineering and learning. School-enterprise cooperation to enhance the practical ability of students in vocational colleges; 3) However, there are still many problems in the management of modern vocational education in China, such as the closure of vocational education teaching mode and the simplification of management mode….

  • A Brief Report for Trading Game

    This paper summarizes trade details, strategy made, and the participant learned through trading on STOCKTRAK game. The report also includes the profits and losses, every trade made on derivatives products, the timing for buying and selling and gain some practical experience.

  • The pursuit of ethical practice in Distance Higher Education assessment in a Business Leadership School

    The pursuit for quality in the learning process in Distance Higher Education is ongoing and continually leading to better ways in which to facilitate learning. It is evident in current literature that high-quality learning outcomes can be achieved by giving students in higher education institutions greater control over their own learning and by engaging in reflective inquiry and enhanced critical thinking within a constructivist paradigm. In the era of open access and digital-based information and communication in which we live, a huge challenge facing higher education is the issue of unethical practices by students. Ensuring academic honesty is a major challenge for traditional classroom teaching, but it is even a more pressing problem for online course-work in which students submit for example, individual assignments and projects. How can unethical student practices be eliminated where the use of information technology is manifest for all learning and instruction? Academically dishonest behaviour in Distance Higher Education (DHE) institutions is on the rise and manifests in various ways including inter-alia, plagiarism in which students use the work of others and which they fail to disclose through acceptable citation methods or even fail to acknowledge. Many find it expedient to cheat and may even stoop to bribery. There are also instances where students fabricate information and falsify what they present as the fruits of their own labours. Whether in assignments or portfolio work, or other such activities and assessments online, there are cases in which students either offer, or acquire assistance from other parties in their formal academic activities, falsify information, are guilty of misrepresentation and thus act out-of- line from an ethical perspective and demonstrate that they are devoid of ethical practice. It is thus crucial to integrate academic ethics education in all core programmes so that students and also their lecturers’, become conversant…

  • Brief valuation of Systems, Applications & Products (SAP) corporation

    SAP is one of the largest players in the commercial software sector. Following our analysis of SAP’s history and capital structure, it is evident that the company has been able to sustain a stable growth for the past 15 years, whilst also maintaining a stable dividend payout. Barring 2015, SAP’s WACC has fallen year on year over the observed period, maximising shareholder value and equity prices. Its conservative financing policy, with a greater emphasis on equity financing than debt may on the one side foreclose potential growth acceleration, yet also indicates a long-sighted managerial conservatism that is focused on long-term value creation rather than short-term growth. One danger of conservative policies is the potential stalling of further growth. However, new partnerships such as the newly announced enlargement of SAP’s cooperation with Microsoft in the sphere of cloud services point in the right direction towards further growth in a highly saturated sector.

  • The effect of re-engineering of administrative operations On strategic performance. (Engistrative) Case study; Jordanian companies of mining

    This research purposes to recognize the effect of re-engineering of administrative operations( engistrative ) on strategic performance in Jordanian companies of mining ; and reach the recommendations that aim to increase the necessity of this side to ameliorate the strategic performance level in these companies from the financial sides ; operational and competitive sides , this research also includes recognizing the effect of personal variables ( gender ; age ; years of experience ; administrative level and scientific qualification) on strategic performance ; whereas this research depends on the descriptive analytical curriculum ; using the questionnaire to study the opinions of sample of research that composes 55 persons like an average ( 15.7%) from the society of research. And this research confirms an effect with statical indication ( a< 05.0) for the dimension of re-engineering of the operations ( administrative settlement ; culture of organization and readiness to change ) jointly and separately on strategic performance of mining companies .The results also approved no differences related with statical significance on the significance level ( a > 05) in strategic performance of the mining companies attributed to personal and functional variables ( gender, age ) , The results also approved differences related with statical significance on the significance level ( a > 05) in strategic performance of the mining companies attributed to the variables (scientific qualification , scientific experience and administrative level ) . The research recommended a number of recommendations, the most important; work on the application of the concept of operations re-engineering to increase its ability to ameliorate the strategic performance by supporting creators and motivating them , adopting their ideas , assigning them with works show their intellectual challenges and sharpen their spirit of creation , also encouraging them to be against the familiar from typical specific thinking…

  • A short review of Non-Audit Services and its Regulations

    Non-Audit Services and its regulations were summarized in this short review. First is to introduce what Non-Audit Services is and then review the regulations of Non-Audit Services in the U.S. and the European Commission. Finally, we analyze the research problem in Non-Audit Services.

  • Status quo of the US and UK’s P2P lending regulation

    The paper analyzes the current status of the US and UK’s P2P lending regulation and compares China’s regulatory system with the US and UK’s to extract experiences and lessons from relatively mature regulation. For the US, it does not make any new laws but relies on current existing laws and regulations to supervise P2P lending industry. US’s strong functional regulatory pattern makes it become the strictest in regulating P2P lending among three countries, emphasizing compulsory registration system and constant information disclosure management. Strict regulation makes the P2P lending market more orderly but also restricts the industry’s innovation. For the UK, it does not count on existing laws, but reassesses P2P lending industry and proposes new legal instrument to regulate this novel industry. Appropriate laws can regulate related businesses effectively and also leave enough space for industry’s innovation. Another bright spot of UK’s P2P lending regulation is the strong self-discipline from the industry association, making a great contribution to standardize P2P lending industry, promote benign competition, and protect consumers.

  • Status quo of China’s P2P lending regulation

    This research illustrates the status quo of China’s P2P regulation by corresponding the current laws and rules with the business models and risks analyzed above. In this paper, China’s current P2P lending regulation is presented in terms of the existing laws, department rules, industry associations, and the adjudication situation of problem platforms. Through the research, it can be seen that the existing laws have blank and gray spaces for P2P lending industry. New department rules are expected to make up those legal gaps but have relatively low legal force. Regarding the industry self-regulation, the national industry association has just been established and has low coverage rate, while the local associations seldom have substantial effects. Besides, the adjudication situation of problem platforms is not ideal.

  • THE IMPACT OF MONETARY POLICY ON PRICE STABILITY IN NIGERIA

    This study examines the impact of monetary policy on price stability in Nigeria from 1970 to 2014. The data obtained for the purpose of the study through Central Bank of Nigeria Statistical Bulletin were analysed using ordinary least square regression (OLS) model, unit root test and Johansen co-integration test. Consumer Price Index (CPI) is used as a proxy for general price level, which is the explained variable. Exchange rate and money supply were used as explanatory variables. The research also addressed various problems associated with monetary policies such as budget deficits, change in policy formulation, lack of enabling environment in the financial market and political instability. The result of the findings reveals that exchange rate and money supply actually influenced price stability in Nigeria both in the short-run and long-run. This is evidenced by 90% coefficient of determination and F-Statistics of 168.30 which is higher than the tabulated F-Statistics

  • Contribution of goods and services exports in economic growth

    The research analyzes theoretically and empirically the relationship between exports of goods and services and economic growth in Togo. The objective of this study is to determine the impact of exports on economic growth in Togo. To achieve the objective, the methodology of the research will present the theoretical framework of the analysis model and the econometric analysis of the estimate of the contribution of exports to economic growth of the country. We collected data from Central Bank of West African Countries and the General Directorate of Statistics and National Accounts of Togo. Firstly the results of our analysis showed that exports of Togo are mainly composed of primary products which values steadily decreased during the 2000s because of the difficulties experienced by the major chains and degradation of equipment export of phosphates. Secondly exportation of goods and services has a positive and significant impact on the economic growth in Togo in the short and long run. This impact is more important in the long run than short run. Thus, to achieve the objectives of the Accelerated Growth Strategy for the Promotion of Employment, Togo should promote exportation of goods and services for the well-being of the population.