Journal of Theoretical and Applied Economics

Development Status of China’s Consumer Finance Companies

Research Article of Journal of Theoretical and Applied Economics Research on Development Status of China's Consumer Finance Companies Yongying Liu Tianjin University of Commerce The chapter I of this article elaborates the background and significance of the topic research, sorts out the domestic and foreign scholars’ research on consumer finance companies. Chapter 2 first introduced the concept, characteristics, supply and demand of consumer finance. The third chapter analyzes the development status of China’s consumer finance companies, and finds that the number of consumer finance companies has developed rapidly, and the profitability level is high; the products have been continuously upgraded and marketing channels are abundant; the business-driven model has been driven from the fund to the scene-driven and technology-driven. Afterwards, the BOC Consumer Finance Corporation was used as a typical domestic case for in-depth analysis. Chapter 4 concludes the problems encountered by China’s consumer finance companies in the development process. The fifth chapter proposes the following countermeasures based on the development of China’s consumer finance companies: changing consumer attitudes; broadening financing channels, increasing tax incentives, training financial and scientific talents, and improving the social credit system. Keywords: Consumer finance company; Consumer credit; Development model [rml_read_more] ...

“Active fund managers will always underperform in behavioural market?”

Research Article of Journal of Theoretical and Applied Economics “Active fund managers will always underperform in behavioural market?” Yibin Liu This paper mainly digs out reasons behind a common view that active fund managers perform poorly in behavioural market at most instances. Based on some economics theories and behaviour finance theories, the paper discusses five reasons arouse underperformance by active managers. Accordingly, these causes are divided into internal and external perspectives as well. Keywords: behaviour finance theories,active managers underperformance [rml_read_more] ...

Rationale and risks of non-audit services

Research Article of Journal of Theoretical and Applied Economics Rationale and risks of non-audit services You Yu With changing conditions of the financial environment, relative issues of non-audit services still require further developments and researches, concerning their rationale and risks that can be admitted so far, and influences of latest regulations. Here the rationale and risks of NAS were investigated through summarizing prior studies. Some researchers believe that there is a trade-off effect between advantages and disadvantages of NAS, therefore, it can be accordingly concluded that there is at least net effect in NAS’s downsides and upsides, the rationality of NAS can be prove based on this sight. However, many latest researches tend to believe NAS has adverse impacts. Keywords: Rationale, risks, non-audit services, advantages, disadvantages [rml_read_more] ...

Service Quality Measurement Models: a Comparison of Two Models

Research Article of Journal of Theoretical and Applied Economics Service Quality Measurement Models: a Comparison of Two Modelsea Asmerom A. Ghebremichael1 and Fitsum Ghebregiorgis2 1 Department of Accounting at College of Business and Economics, Department of Accounting (Previously at the University of Asmara. Now under the umbrella of the National Commission for Higher Education, Eritrea) 2 Department of Business Management and Marketing at College of Business and Economics, Department of Business Management and Marketing (Previously at the University of Asmara. Now under the umbrella of the National Commission for Higher Education, Eritrea) Purpose of this paper – This study aims to contribute to the debate in service marketing literature concerning the operationalisation of service quality measurement. To this effect, we tested two service quality measurement models by adapting them to the audit service context. These models are the gap model (SERVQUAL) developed by Parasuraman, Berry, and Zeithaml (1985) and the performance-only (SERVPERF) model developed by Cronin and Taylor (1992). Design/methodology/approach – The models are quantitatively analysed and evaluated for construct validity and predictive power using OLS models. In line with marketing literature (Gronroos 1984), service quality dimensions are classified into technical and functional dimensions. Construct validity is measured in terms of whether the technical and functional dimensions of audit service quality are significantly positively correlated with an overall measure of service quality in the audit service market. Predictive power is measured in terms of the strength of adjusted R2. Findings – The results indicate that both the performance-only model and the gap model have done quite well in predicting determinants of overall audit quality. The argument by Cronin and Taylor (1992) that the gap model has low explanatory power compared to the performance-only model did not materialise in our study. Research limitations/implications – Our results are limited by the low ...

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Journal of Theoretical and applied Economics