Intermediary Business Research Articles

Developing an Open Data Intermediation Business Model: Insights From the Case of Esri

Developing an Open Data Intermediation Business Model: Insights From the Case of Esri

Research on the Transformation and Development of Investment Bank FICC Business of CITIC Securities Company Limited

In the current financial environment, with the continuous expansion of China's economic output and the continuous expansion of demand for financial services, the mutual influence of the international market is gradually deepening. Deepening the development of FICC business has become the core breakthrough point for the high-quality development of securities companies. Since its development, the FICC business (i.e. capital intermediary business) under the investment banking system of CITIC Securities has been involved in fixed income, foreign exchange, commodities, etc. However, there is still a significant gap in its development compared to international investment banks. Taking the current research status of FICC business at home and abroad as the background, taking CITIC Securities Company as an example, analyze the development status of its FICC business from multiple perspectives. Analyze the development bottlenecks in various aspects such as overall capital scale, traditional business and internationalization level, talent team structure, and technological innovation ability, and propose targeted solutions to improve the risk management system, expand the FICC business chain, accelerate technology investment, improve organizational structure, and leverage synergies to promote the transformation and development of CITIC Securities' FICC business and support the high-quality development of the securities and finance industry.

The evolving role of technology transfer offices in the entrepreneurial university: Go-betweens or playmakers?

AbstractTechnology transfer offices (TTOs) play an increasingly important role in universities, supporting researchers in translating science knowledge into commercially and socially valuable outcomes. However, the literature is limited regarding how TTOs support the technology transfer process. This study contributes deeper insight into the role of TTOs in facilitating knowledge transfer outcomes. A case study of life science commercialization in Australasian universities drew on depth interviews with senior TTO managers and industry experts, on longitudinal participant observation within a life science intermediary business to inform about supply side elements, and on secondary data. The findings emphasise the effects of wider institutional change on quintuple helix (5H) stakeholders, i.e., the environment, society, government, universities, and industry. Financialization and competition places growing demands on universities for commercializable intellectual property (IP) production. In response, TTOs have built competencies in translational engagement (trust and reputation building and boundary spanning) and value co-creation (service quality management and de-risking). Those competencies translate to a five-stage process of technology transfer facilitation: (1) Identifying, (2) assessing, (3) protecting, (4) promoting and (5) profiting. In the complex context of life science innovation, innovation networks benefit from investment in university outreach, stakeholder relationship building, tax credits, and fund matching with transnational corporations. To ensure optimal social and commercial outcomes independent oversight of the process should be maintained, by representatives from all 5H stakeholders.

What explains the operational efficiency of listed commercial banks in China? Evidence from a three-stage DEA-tobit modeling analysis

Based on the actual situation of listed commercial banks in China, this study utilizes a three-stage DEA model to eliminate external macro-environmental factors and random error factors. As a result, the study objectively measures the true efficiency values of 42 listed commercial banks in China from 2015 to 2021. On this basis, a Tobit model is constructed to analyze the micro-level factors influencing the operational efficiency of listed commercial banks in China.Empirical research shows that the operational efficiency values in the first stage are significantly lower than those in the third stage. Analyzing the proportion of banks with an efficiency value of 1, it is found that state-owned banks and joint-stock banks account for a large proportion. The proportion of city commercial banks decreases significantly, while agricultural banks and commercial banks have the lowest proportion. In addition, the Tobit regression results show that bank size, innovation level, profitability, and development capacity have a significant positive impact on the operational efficiency of listed commercial banks in China at the current stage. Based on the above empirical results and analysis, specific measures are proposed to improve the operational efficiency of listed commercial banks in China.Based on the above empirical results and analysis, the study finally suggests the following specific measures to enhance the operational efficiency of listed commercial banks in China: 1. Strengthening technological investment to achieve diversified operations and cultivate new niche markets; 2. Emphasizing intermediate business income to enhance market competitiveness; 3. Undertaking digital transformation and upgrading to improve sustainable profitability.

The Impact of Digital Payments on the Intermediary Business of Commercial Banks

The Impact of Digital Payments on the Intermediary Business of Commercial Banks

Exploration on the Management of Intermediate Business Chaos in China’s Commercial Banks

Exploration on the Management of Intermediate Business Chaos in China’s Commercial Banks

Buying and Selling Broker: The Management and Islamic View

The rise of intermediaries in buying and selling transactions, where the seller uses another person to sell the goods, and vice versa, the buyer hires someone to look for goods to buy. However, in several facts on the ground, there were still irregularities that caused losses to both parties. This study aims to find out and understand the samsarah or broker contract in car buying and selling transactions at the Showroom Kab. bones. This research is a qualitative method with data collection through interviews, observation, and documentation. The results of the study show that samsarah contracts, which refer to transactions that use the services of people as an exchange, include samsarah contracts, which in Islamic fiqh can take the form of brokers, distributors, agents, and so on. The practice of buying and selling used car dealers or samsarah by Showroom in Kab. Bone in general fulfills the principles of honesty, transparency, and responsibility. The owner of the goods being sold will pay the intermediary by giving the broker permission to increase the selling price. According to scholars, buying and selling through intermediaries is legal as long as all parties benefit including sellers, buyers, and intermediaries, then this type of intermediary business is permissible. However, this business activity must carry out payment transactions through Islamic banks so that they run perfectly according to Islamic principles.

Risk Management Analysis of Commercial Banks in China under COVID-19 Pandemic

Since the G20 financial reforms were implemented in the wake of the 2008 financial crisis, the COVID-19 pandemic is the first significant test of the global financial system. In contrast to the 2008 financial crisis, the shock had an external origin. Indirect funding dominates China's financial system. For China's economy to grow and for many industries to recover, the banking system's capacity to efficiently handle the effects of the epidemic is essential. Each commercial bank is impacted by the epidemic in a different way due to its unique asset magnitude, debt structure, percentage of intermediate business income, and management style. This paper extracts the degree of commercial banks affected by different risks, and advances relevant suggestions for strengthening commercial banks' internal control and accelerating digital transformation, in order to cope with the adverse impact of the epidemic and to promote a rapid recovery of our economy.

Interkulturowość w wybranych podręcznikach do nauki włoskiego i angielskiego języka biznesu i ekonomii. Studium porównawcze

This article attempts to characterize three textbooks for learning the language of business and economics in terms of the presence of elements developing intercultural competences. Two textbooks for learning Italian and one for learning English were analyzed: (1) Italiano per economisti, (2) L'italiano in azienda, (3) Market Leader. Intermediate business English. The above-mentioned titles were published in the years 2002-2003, which allowed to eliminate possible differences resulting from the changing over time approach to the phenomenon of intercultural language education. The aim of the study is to identify the elements developing intercultural competences, their qualitative and quantitative characteristics, to discuss the differences in the approach in Italian and English-language texts and to indicate the possibility of using selected solutions in the new teaching materials. This is important as research shows that contacts with foreign cultures alone do not naturally lead to the development of intercultural competence (Sobkowiak, 2015: 64, Budzanowska-Drzewiecka and Motyl-Adamczyk, 2016: 56). The analysis covered non-verbal communication (gestures), stereotypes, proverbs and sayings, rules of linguistic politeness. From the glottodidactic point of view, the proposed types of exercises and the connection of (inter)cultural competences with other communicative competences will be analyzed. The main hypothesis verified during the analyzes assumes that the concept of intercultural language education, although it does not appear as a notion on the pages of textbooks, is an important component of the didactic process in materials for learning the business language, and the approach to interculturality may differ depending on the target culture and status of the foreign language taught (Italian vs English, modern lingua franca).

Impact of Third-Party Payment on Commercial Banks' Intermediary Business and Empirical Analysis

This paper describes the impact of third-party payments on commercial banks' intermediary business, and collates the relevant data of third-party payments and commercial banks' intermediary business, and makes an empirical analysis for the impact of third-party payments on commercial banks' intermediary business during 2016-2020, and conducts a panel data regression on the top ten domestic commercial banks by analyzing the type of data, and arrives at the result that third-party payments have an inverse relationship with commercial banks' intermediary business.

Research on the Marketing Strategy of Banking and Finance Business Given Big Data Technology

Individuals’ consumption patterns and financial demands are changing significantly as a result of the quick advancement of modern information technology and the integration of financial technology into everyday life, which has negative effects on and presents challenges for banks’ traditional retail operations. The competition among Chinese commercial banks in the retail sector is getting more and more intense due to the country’s rapid economic expansion and increase in household wealth. In order to improve its core competitiveness, maximise its retail business marketing strategy, and investigate a transformation path that is consistent with its own retail business marketing, Bank F must actively use financial technology innovation. In addition to the epidemic impacting the global economic recovery, the domestic economy is currently going through a transition and expedited structural adjustment, which raises credit risk and increases competitive pressure. A drop in the intermediate business income of the banking industry and a consistent decline in nett profit growth are the results of the financial market reform and the quick expansion of Internet finance, which have caused substantial changes in the market environment. Due to the fact that rural commercial banks have changed their course to aggressively promote inclusive finance and develop retail lending, how to optimise and innovate the marketing strategy of the retail lending business based on the Internet and the use of big data has emerged as a crucial concern for rural commercial banks.

Trial Analysis of the Development of China’s Commercial Banks’ Wealth Management Business and Its Countermeasures

In recent years, China’s economy has been developing rapidly, and domestic investors’ concept of financial management has been increasing, as well as the demand for financial products. Domestic commercial banks have continuously responded to this phenomenon by continuously launching new wealth management products and enriching the number of wealth management products, and the Chinese wealth management market has successfully stepped into a stage of rapid development. In April 2018, the People’s Bank of China came out with new regulations on asset management to support foreign legal financial institutions to enter the Chinese market, which is not only conducive to learning from foreign advanced experience, but also promotes the healthy and sustainable development of the domestic financial market, and Chinese commercial banks’ wealth management business is facing new development opportunities. As an important intermediary business of banks, the development of banks’ wealth management activities generally reflects the trend of continuous enrichment of investment varieties and expansion of financial market scale, and while it plays a positive role in broadening investment channels and improving business models, there are also many problems. This paper analyzes the development status and problems of commercial banks’ wealth management business with a view to providing some policy suggestions to commercial banks, investors and regulators.

Good Faith Principles Application in Property Trading Business Agreements

The business practice of property service users in Denpasar City makes an agreement that begins with a standard agreement of cooperation that does not provide a balance of interests for the parties leading to a reaction that leads to the need to be given a proper place for the existence of the principles of good faith and propriety in the making and implementation of the agreement. So it is necessary to conduct a study on 1) How to implement the application of the principle of good faith in the implementation of business agreements for trade intermediary business actors in the city of Denpasar and 2) What are the forms of legal accountability of trade intermediary business actors to the parties related to the default of business agreements in Denpasar City. The method used in this study is a type of empirical normative legal research with a direct review approach to the field. The application of the principle of good faith in business agreements in the property trading business in Denpasar City has not been carried out properly, as indicated by the existence of defaults. To overcome this, any problems that arise in the field of business agreements must pay attention to the terms of the validity of the agreement, and the principles or principles in contract law by applying the principle of good faith. Basically, the parties must apply the principle of good faith in carrying out business agreements in order to achieve a balance of interests between the two parties. Keywords: business transaction agreement; good faith; property; buy; sell DOI: 10.7176/JLPG/123-05 Publication date: August 31 st 2022

KEPERANTARAAN (WASATHAH) DAN PENERAPAN AKAD YANG TERJADI DI DALAMNYA

This article is motivated by the rapid development of the intermediary business which is very much needed in the marketing mechanism. Intermediary in sharia economic law includes new contracts. However, in practice the use of intermediary contracts is schemed in other forms of contracts, such as in the DSN-MUI fatwa on intermediary. Therefore, this article will reveal the intermediary and application of the contract that occurs in it. This article is a study of sharia economic law by taking into account the fiqh of muamalah maliyyah as an analytical lens. Sources of data obtained in the form of primary data sources in the form of DSN-MUI fatwa and secondary data in the form of various scientific literature in the form of books and scientific journals. By using a normative juridical approach that is presented through a descriptive literature method, this study finds the fact that the application of intermediary contracts (wasathah) in sharia economic law can be discussed in wakalah bi al-ujrah, ju’alah and bai’ al-samsarah contracts. So that the use of one of these contracts will affect the mechanism for implementing the contract and the benefits obtained by the wasit party, namely in the form of ujrah from the wakalah bi al-ujrah contract, ju’l from the ju’alah contract and the margin from the excess of the bai’ al-samsarah contract. This shows that the wasathah contract is a contract scheme that adapts to the practices and needs of the community for intermediary services. The implementation of these contracts provides legal certainty in their implementation in accordance with sharia economic principles.

Harden the Hardline, Soften the Softline: Unravelling China's Qiaoling-centred Diaspora Governance in Laos

AbstractSince the 1990s, the Chinese government has intensified efforts to control the political life of the diaspora by recruiting proxies, or qiaoling 侨领, from the extraterritorial population for community-based governance. This paper examines the efficacy of this co-optive strategy by investigating its ramifications in Lao Chinese business communities. Following a group of qiaoling in Vientiane through qualitative fieldwork, I reveal how these individuals are self-motivated to perform patriotism by the desire to earn symbolic recognition. Their fame and prestige as qiaoling are critical for their material accumulation in the often-fraudulent business of intermediation for Chinese bureaucrats and investors. As such, while contributing to realigning the political allegiance of the diaspora, qiaoling simultaneously reshape the ongoing expansion of Chinese capitalism in ways that diverge from Beijing's developmental agenda. This finding complicates the long-held imaginary of an autonomous state–diaspora synergy in post-socialist China.

Registration Reform and the Role of Political Connections in the Initial Public Offering Process: Evidence From China.

Registration system reform is a significant and important event in the marketization of the Chinese stock market. Using social network theory, we examine how this institutional change affects the function of the network in initial public offering (IPO) activities. As an exogenous event, registration system reform provides us a good condition to conduct Different-in-Different analysis. Using 1,364 eligible samples of IPO applications in Chinese stock market from 2016 to 2021, the results show that the enterprise’s political connections (PCs) have a positive impact on IPO approval. However, registration system reform mitigates the role of PCs in IPO approval. In particular, attenuation of the efficiency of PCs under the registration system mainly exists in older firms that have long relationships with the government. The registration system can weaken the positive impact of PCs on IPO approval, even under high economic policy uncertainty where endorsements by the government are most effective. Furthermore, under the current Chinese double-track system, which includes both an approval system and a registration system, we find that enterprises with PCs are more likely to stay in the approval system to go public in the multiple application rounds, while enterprises that are not politically connected are more likely to switch the issuance system used from the approval system to the registration system. Lastly, we find that intermediate business connections, as an alternative network, can significantly improve the probability of their clients’ IPO approval, and that registration system reform has strengthened the function of intermediate business connections in IPO approval.

Impact investment: Multiple stakeholders’ measurement of financial and social benefits

ABSTRACT The Impact Investing market which seeks to create intentional social impact, requires effective impact measurement. This research used exploratory methods to examine the Impact Investing market in South Africa. In total, 12 professionals in South Africa were interviewed using semi-structured interviews. The interview pool included evaluation experts, managers and directors within intermediary businesses and owners of businesses who receive impact investment funds. While existing literature indicates three stakeholder groups, our study identified four groups and highlighted the lack of attention to beneficiaries as a stakeholder group. Our study found that stakeholder engagement should be a continuous process. We identified three key phases within an investment cycle and aligned important impact measurement and stakeholder engagement processes within each of the phases. Noting the different needs of intermediaries and investees, the key phases and corresponding processes are mapped in a Stakeholder Integrated Impact Measurement Conceptual Framework.

“Please let me know”

Abstract Lexical bundles are frequently recurring word sequences (e.g. as can be seen) that function as building blocks of discourse. This corpus-based study examined the use of four-word lexical bundles in business emails written by three groups of writers: intermediate business English learners, advanced business English learners, and working professionals. The prominent structural and functional characteristics of lexical bundles expressed in business emails were identified and compared across the three groups. The results showed that lexical bundles were related to the extent to which formality and politeness were expressed in written business communications. The advanced business English learners and working professionals used more structural and functional characteristics of lexical bundles that are characteristic of written conventions than did intermediate business English learners. Both intermediate and advanced learner groups used functionally different lexical bundles from those produced by the working professionals.

Transformation of the banking sector under the influence of FinTech: The experience of China vs the experience of Russia

Subject. This article discusses the areas of transformation of the banking sector under the influence of financial technologies, considering the People's Republic of China (PRC) as a case study, as well as techniques of competition between traditional banks and FinTech companies. Objectives. The article aims to identify the main patterns of modification of the PRC banking sector and assess the relevance of China's experience for Russian banks. Methods. For the study, we used a statistical data analysis and econometric panel data-based model building. Results. Based on the primary statistical analysis of the banking sector as a whole and groups of banks in China, the article presents indicators on operational efficiency, retail finance, cash and liquidity management (as opposed to lending business) of financial intermediaries. It reveals some evidences of price competition of banks in the deposit, credit, and intermediary businesses. Using the econometric model, the article confirms the dependence of the credit margin on the market positions of FinTech companies, and the initial margin on the market positions of asset managers. Relevance. The findings may be of interest to national mega-regulators in terms of tracking the main areas of transformation of the banking sector under the influence of financial technologies and analyzing the dumping policy applied by banks for a possible loss of their financial stability in the face of competition with new financial market participants. Commercial banks can adopt the principles of non-price strategies of Chinese banks in competing with IT companies for the client.

Strategic responses of chain hotels to COVID-19 from a situational crisis communication theory perspective

PurposeThis research examines how chain hotels respond to the crisis in the context of situational crisis communication, focusing on the first emergence of the COVID-19 crisis and the second period of the pandemic, during which the pandemic was relatively weak.Design/methodology/approachThe data were obtained from the digital announcements shared by the world's 50 most valuable hotel chains. The announcements, declared in the two phases of March–April and July–September 2020, were analyzed. The data were collected through document analysis and transferred to the MAXQDA program for qualitative content analysis. Interviews were held with the managers of chain companies to compare and confirm the results obtained.FindingsChain hotels announced regulations on existing reservations, potential customers, intermediary businesses, suppliers and employees by focusing on maintaining business reputation in the first phase of the pandemic. The hotel units seem to be more open to referrals on emergency measures from chain centers in this phase. In the second stage, announcements to increase sales were shared. The content of the crisis communication is in line with the predictions advocated under the situational crisis communication theory. In addition, some applications that do not comply with the theory are also identified.Research limitations/implicationsThe effects of the crisis communication on hotels were addressed; the responses of other stakeholders to the communication were not taken into account.Practical implicationsSuccessful response strategies must be considered when developing future crisis preparedness measures. Actors in the hospitality industry can adopt a situational crisis communication approach as an effective strategy to cope with the losses caused by a crisis and possibly speed recovery. Hotels can turn the crisis into an opportunity with the strategies they put forward during the pandemic and gain stronger reputations after the pandemic.Originality/valueThis study contributes to both the crisis management literature and the literature on COVID-19 by exemplifying the crisis communication measures and strategies of chain hotels. Focusing on different sub-processes in the analysis of crisis communication, revealing the background about the production and transfer of the information shared during the crisis, and interpreting the content of the messages by considering the benefit of the stakeholders and benefits of the hotel reveals the originality of this study.