Abstract
The goal of this study is to identify the most efficient practices in exercising the digital public administration in the context of implementing the innovative potential of national economy. This goal was achieved through highlighting the distinctions and peculiarities of Social Credit System as China’s administration model. The study determines the impact of Social Credit System on economic and social indicators of China’s economy. The authors assessed the efficiency of Social Credit System based on the indicators of the countries, which had the alternative approaches to digital public administration and were characterized by a high level of application of digital technology to monitor the economic processes. This paper provides evidence that the Chinese system of digital administration has its own advantages in implementing the innovative potential of national economy as it highly impedes the increase in corruption. However, this system is inefficient in ensuring market transparency.
Highlights
As the dynamic of the investment changes it enhances the importance of decision making which is the part of the Behavioral finance
The result shows that risk aversion is an important criterion in decision making but the investor that are risk averse are more logical and rational (Hunjra et al, 2012)
These believe and information create or force the investor to take any decision it can be an overreaction of available information or it can be a suitable decision for the betterment of the firm
Summary
As the dynamic of the investment changes it enhances the importance of decision making which is the part of the Behavioral finance. If the organization makes an appropriate decision of investment it will result in an increase of firm productivity and outcome (Mayfield et al, 2008) Researchers such as Kengatharan and Kengatharan (2014), Qadri and Shabbir (2014), Nofsinger and Varma (2013), highlighted the positive relationship between behavioural factors and decision making of investment in the stock market by an investor. This research focuses on the detailed analysis of the experience of the investor as well as the corporate governance and other factors It covers both theoretical and observed involvement of the factor in the decision making of investment. The study is limited to the investment decisions of the Iraqi investors it covers the moderating factors such as age, gender and financial education of the investors which is the contribution of the current study and in this way this study adds value to the current state of knowledge in the domain of behavioral finance
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