Digital Economy Research Articles

Factors influencing e-wallet usage intentions among Gen Z and Millennials in Jabodetabek

This study explores the factors influencing the adoption of e-wallets in the Jakarta-Bogor-Depok-Tangerang-Bekasi (Jabodetabek) metropolitan region, Indonesia, among Generation Z and millennials. The research uses a quantitative approach and analyzes data from 136 participants using SEM-PLS. The study examines Perceived Usefulness, Ease of Use, Risk, Trust, Convenience, and Attitude toward the Service. The findings reveal that Perceived Ease of Use influences Usefulness rather than Attitude toward the Service. Perceived Risk influences Attitude toward the Service, and Trust is crucial. This research contributes significantly to the existing literature on e-wallets and digital payment technology in Indonesia, thus contributing to the growth of the country's digital economy. Providers should communicate transparently about security and improve accessibility to increase adoption rates.

Systematic evaluation of integration between China's digital economy and sports industry: Two-stage grey relational analysis and vector autoregressive model.

The development of the digital economy constitutes a key component of China's endeavors to advance towards "Digital China." The sports industry functions as a new catalyst for high-quality economic growth. This study systematically evaluated the integration between these two sectors. First, we conducted two levels of grey relational analysis to assess their integration between 2016 and 2021. Second, we conducted a VAR analysis to determine whether their integration between 2009 and 2021 represents a causal relationship. At the macro level, the grey relational analysis reveals that the sports industry (grade = 0.770) ranked second among China's eight key economic sectors in terms of digital economy integration. At the meso level, a wide variation (ranging from 0.606 to 0.789) existed in the grade of integration between the digital economy and the sub-sectors of the sports industry. According to the VAR model, the digital economy does not Granger cause (p = 0.344) the growth of the sports industry. This study yielded two added values to the existing literature: First, there exists a sectoral imbalance in the digitization process; second, the explosive growth of the sports industry was not primarily caused by the digital economy. Accordingly, the "sports + digital" complex is still in the first wave of technological integration. We propose three policy recommendations, namely, sectoral synergistic development, overtaking via esports IP, and new economy and new regulation. Collectively, these findings provide updated insights for the digital transformation towards "building a leading sports nation" and "Digital China."

Assessing China's energy‐related efficiency towards SDG7 and influencing factors

AbstractWith scholars paying increasing attention to energy sustainability, integrating energy sustainable utilization into the energy‐related assessment framework is particularly useful for achieving SDG7. This study empirically assesses the energy‐related efficiency (EE) comprised of the energy utilize stage and energy sustainable stage in China using a dynamic two‐stage data envelopment analysis model, and its influencing factors including digital economy with fixed‐effect models. The findings reveal a slight downward trend of EE from 2011 to 2020, primarily due to the poor performance of energy utilize stage. The subregional analysis illustrates that increasing clean energy use (CEU) is more beneficial to energy efficiency than reducing carbon emissions (CER). Dagum Gini coefficients indicate a growing disparity between regions. Additionally, a “U‐shaped” relationship between digital economy and EE is found, but two‐thirds provinces of China have not yet surpassed the turning point. Moreover, different degrees of CEU and CER will influence the impact of digital economy on EE. Environmental regulations and green technology innovation play positive moderating roles in the “U‐shaped” relationship. This study recommends to stimulate the energy sustainable use through higher adoption of clean energy sources and carbon emissions reduction, as well as highlight the green value of the digital economy.

AN INVESTIGATION ON FACTORS INFLUENCING CUSTOMER SATISFACTION BY UTILISING ONLINE SHOPPING

Purpose: E-Commerce has unleashed yet another revolution, which is changing the way businesses buy and sell products and services. New methodologies have evolved. The role of geographic distances in forming business relationships is reduced. E-Commerce is the future of shopping. With the deployment of 3G ,4G& 5G wireless communication technologies, the internet economy will continue to grow robustly. Nowadays, online marketing is a new area of marketing which play a vital role in attracting customers. Theoretical Framework: Most organizations utilize online shopping in current technology age to please consumers and also to attract additional clients. Online purchasing has a major influence on the pleasure of customers. Online shopping is the key aspect of electronic commerce, and this electronic trade guides many clients in the manner they purchase things from the business.Convenience is one of the benefits that customer gets from the e-commerce and thus increasing customer satisfaction. This is due to customer can place a purchase an order from anywhere with internet connection. E-commerce business provider should give importance on every customer by giving smooth service and many options for payment and have more functions available online. Design/Methodology/Approach: The study investigated factors influencing customer satisfaction in e-commerce. Demographic variables were analyzed alongside perceived risks and influencing factors. Findings: Findings highlight diverse influences on online purchasing behavior and varying satisfaction factors. However, no significant differences were found in risk perceptions. Education on online purchasing steps is recommended based on the results.

Promotion and Advancement of Data Security Governance in China

In this age of digital economy, issues relating to the data security and personal privacy of multimedia systems are increasingly manifesting in the form of unprotected data. The level of governance capability for data protection determines whether the data security and personal privacy of multimedia systems can be protected and developed in the future. In recent years, China has introduced laws and regulations on the protection of personal information, personal privacy, data security, and cybersecurity. Although data protection still needs to be improved, China has been refining the framework and provisions on data security governance through certain practices and the adoption of supporting regulations. The country aims to rapidly promote the current governance capability of data security and gradually form a good institutional environment to support international collaboration in the realm of global data security.

Analysis Of The Implementation And Implications Of OECD/G20 Pillar One On The Taxation System In Indonesia

One of the efforts taken by member countries of OECD/G20 Inclusive Framework for BEPS is to capture tax revenue from the digital economy is called Pillar One: Unified Approach specifically Amount A. This research aims to obtain information on the progress and obstacles on the implementation of Pillar One in Indonesia, including the impact generated by Pillar One as well as understand policy alternatives that could potentially become replacement for Pillar One. The method used in this research is qualitative with a case study approach. The results obtained in this study show that currently Pillar One cannot be implemented because it encounters various obstacles and is related to other jurisdictions. If Pillar One has been implemented, the implications are additional tax revenue potential but relatively low, adjustment on policy, tax administration systems, IT systems and human resources. Pillar One, which has the potential to be canceled, raises alternative policies that can be implemented by Indonesia such as Digital service tax, Article 12B UN Model Convention and new PE criteria namely Significant Economic Presence. The government must reconsider the cost and benefit on implementation of Pillar One. The government must also prepare and compile alternative policies and supporting aspects such as IT system development due to the potential failure of the Pillar One implementation.

Understanding the energy poverty in China: chronic measurement and the effect of the digital economy

Understanding the energy poverty in China: chronic measurement and the effect of the digital economy

How does digital technology administrative penalty affect big data technology innovation: evidence from China

Administrative regulation is an essential institutional arrangement for governing innovation in big data technology. Administrative penalties are one of its main methods. It is worth investigating whether administrative penalties can serve as an institutional safeguard to promote technological innovation. This study collects data on digital technology administrative penalty (DTAP) and big data technology innovation (BDTI) from 2008 to 2020 in 281 cities in China and empirically evaluates the impact and mechanism of DTAP on BDTI. The findings suggest that the normative impact of the DTAP system can foster a conducive business ecosystem for big data innovation. The incentive mechanism motivates firms to increase their long-term investment in technological innovation, while the deterrence mechanism ensures the existence of a regulated competitive market. These mechanisms play a crucial role in facilitating BDTI. Mechanism tests show that the DTAP has the potential to promote novel business models in the digital economy and accelerate progress in industrial digitalisation, which in turn promotes innovation in big data technologies. The impact of the DTAP on promoting BDTI is diverse, with a significantly greater impact in the first-tier cities. DTAP plays a more important role in fostering BDTI in places where the digital factor-driven industry is still in its early stages of development.

Inżynieria prawna w ekosystemie prawniczym gospodarki cyfrowej

In the digital economy, the use of artificial intelligence is inevitable, including by lawyers. While there is a perception that artificial intelligence will not fundamentally change the practice of law, and that the legal profession requires specialised skills and making judgments in a way that only humans do, the use of technology in the legal sector is and will continue to become more prevalent. While not every problem can be solved by technology, there are fewer and fewer solutions that will not be supported by it in some way. This will increase the role of legal engineers – they will build the future of law, which can be imagined as a collaboration between all members of an organisation, including those with a legal background and those with experience in other fields. The diversity of perspectives encourages innovative thinking, the creation of more efficient service delivery models, and the satisfaction of both service providers and service recipients, while work automation minimises risk and reduces the number of errors by ensuring that the same rules are followed every time. Many lawyers have accepted that technology has and will continue to play a big role in their work, although not all are well equipped to use it. They need new skills, primarily in management, project delivery, finance, marketing, mediation and negotiation, as well as modern technology.

ADVANCING POS SYSTEMS FOR SEAMLESS RETAIL EXPERIENCES

This research paper explores the significance of advancing point of sale (POS) technologies in modern commerce, with a focus on their role in improving business operations and enhancing customer experiences. POS systems serve as critical tools for businesses across various industries, facilitating transactions, managing sales processes, and providing valuable insights into business performance. The paper delves into the evolution of POS systems, from traditional cash registers to sophisticated digital solutions, and examines the current state of POS technology, including hardware and software components. Moreover, it discusses recent trends and advancements in POS innovation, such as the integration of emerging technologies like artificial intelligence (AI) and Internet of Things (IoT), and their implications for businesses. Through empirical research, case studies, and expert analysis, the paper aims to provide insights into the benefits and challenges of adopting advanced POS technologies, as well as recommendations for businesses seeking to leverage these technologies to drive growth and improve operational efficiency in today's dynamic market place. Keywords- Point of Sale (POS) Systems, Advancing Technologies, Retail, Business Operations, Customer Experience, Emerging Technologies, Artificial Intelligence (AI), Internet of Things (IoT), Payment Processing, Inventory Management, Cloud-based POS, Customer Engagement, Digital Commerce, Innovation, Competitive Advantage.

How does digital transformation affect corporate resilience: a moderation perspective study

ABSTRACT In the context of the accelerated development of the digital economy and the implementation of the innovation-driven development strategy, does digital transformation inevitably improve corporate resilience? Based on measuring the moderation of corporate digital transformation, this paper examines the dynamic relationship between digital transformation and corporate resilience using the theory of new structural economics and double machine learning methods. The results show that the more moderate the digital transformation, the higher the level of corporate resilience. Agency costs, financing constraints, and irrational decision-making bias constitute important influencing mechanisms. Further analysis reveals that the resilience-enhancing effect of moderate digital transformation is more pronounced among corporations with high levels of corporate governance, low levels of information asymmetry, more diverse executive backgrounds and in manufacturing corporates. The relevant findings of this paper provide guidance and decision-making references for promoting the high-quality development of corporates.

Problems of legal regulation of thin capitalization in Ukraine

The proliferation of multinational companies is lengthening global value chains, and the development of the digital economy is giving them even more opportunities to shift profits. Intra-group loans are often used to shift profits to a jurisdiction with low tax rates to minimize overall tax liability. In order to combat the illegal transfer of profits, most countries introduce thin capitalization rules. Ukraine joined the BEPS plan, action 4 of which summarized the best practices for regulating debt obligations to non-residents. Most countries limit the total amount of loans, interest payments on which are deducted from the corporate tax base. The Tax Code of Ukraine establishes a double tax barrier - it limits both the amount of debt and the share of profit before deduction. However, the established barriers not only do not prevent profit shifting, but encourage the widespread use of this method to reduce tax liabilities due to profit shifting. The main drawback of thin capitalization rules is that allowed excessive amounts of loans from non-residents do not oblige the borrower to improve the financial results of the enterprise. Instead, they provide an opportunity to reduce the corporate tax base by 30% indefinitely and move them to jurisdictions with low tax rates. The method of regulation provided for by the Tax Code of Ukraine can be considered as an incentive for the misuse of State budget funds. In order to eliminate these shortcomings, it is proposed to significantly reduce both barriers and to oblige the borrower to ensure the effective use of loans to stimulate the socio-economic development of the country, i.e. to deduct interest from taxable profit only if there is an actual increase in the produced added value, the introduction of new products and/or processes. Existing shortcomings in the legal regulation of debt obligations prevent legal resolution of the case in court. New criteria for identification of the resident with regard to individuals and legal entities and the beneficial owner of income have been proposed.

Improvement of DEVA Model in Valuation Research of Internet Financial Information Service Companies

With the development of the digital economy and the internet, the internet financial information service industry has shown strong momentum. Different from traditional enterprises, internet financial information service companies possess characteristics of low assets, high risks, and difficulties in measuring non-financial indicators. As a result, traditional valuation methods exhibit inaccuracies in application and require the introduction of non-financial valuation models for validation. Therefore, considering the industry's characteristics from a user perspective, we introduce the Metcalfe valuation modelthe DEVA valuation model. Simultaneously, we improve this model and, using Hithink Royalflush Information Network Co., Ltd. as a case study, estimate the value at the evaluation point using both the original DEVA model and the revised new model. Finally, we analyze and compare the differences between the various valuations and Royalflush's total market value at the evaluation point, concluding that the improved DEVA model yields more fair and accurate valuation results.

Research on Disney's Streaming Media Industry Behavior under the Digital Transformation

In the era of the digital economy, competition among media and film companies in the streaming media sector has entered a new stage. Following the steady growth of global users, the streaming media market is now trending towards a relatively consolidated monopoly. This paper takes Disney, an American media giant, as a case study to analyze its internal and external motivations for undertaking streaming media reform. It examines Disney's strategic layout in the streaming media industry from an industrial behavior perspective, focusing on organizational behavior and pricing strategies. Additionally, HHI is employed to verify that North America's streaming media market structure can be characterized as a "competitive monopoly" market. Therefore, considering the current market situation, this analysis aims to provide insights and explore potential pathways for traditional film and television companies' digital transformation.

Trends and Triggers: Analyzing the Co-Movement of Cryptocurrency and NFT Prices

This paper aims to explore the complex interrelationships between the prices of cryptocurrency, specifically Ethereum (ETH), and five top Non-Fungible Token (NFT) collections: Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, Moonbirds, and Otherdeed. Motivated by the intertwining dynamics of these digital assets and the unexplored nature of their interdependencies, this study employs a Vector Autoregressive (VAR) model and utilizes Granger Causality to dissect the multifaceted interactions. The analysis period ranges from April 2021 to January 2023, a critical window of exponential growth and fluctuation in the digital asset market. The results demonstrate a statistically significant impact of ETH prices on NFT collection prices, but not vice versa, revealing the strong dependence of the NFT market on cryptocurrency volatility. Specifically, the research finds that changes in ETHs value are predictive of shifts in NFT prices, whereas NFT price fluctuations lack predictive power for ETH prices. In conclusion, this research represents an advancement in understanding price dynamics in the rapidly evolving digital economy. By innovatively analyzing the co-movement of cryptocurrencies and NFTs, it not only enriches existing knowledge but also paves the way for further exploration, offering practical insights for diverse stakeholders navigating this exciting, ever-changing field.

Study on the Impact of Digital Economy Enabling High-Quality Economic Development in Yunnan Province

This article aims to explore the role of digital economy and its mechanism in promoting the high-quality development of Yunnan Province's economy. By constructing an evaluation index system and applying econometric methods, the current situation of the digital economy in Yunnan Province and its impact on the high-quality development of the economy are comprehensively analyzed. It is found that the digital economy has a significant positive contribution to the high-quality development of Yunnan Province's economy, and indirectly affects the high-quality development of the economy by enhancing the level of entrepreneurship. In addition, there is a non-linear relationship between the digital economy and high-quality economic development, and the promotion effect of the digital economy on high-quality economic development varies significantly across different levels of economic development. Based on these findings, the article puts forward policy recommendations such as comprehensively promoting the development of the digital economy and implementing a differentiated digital economy development strategy in order to promote the sustainable development of Yunnan Province and the wider region in the era of the digital economy.

The Impact of Digital Economy on Domestic Trade and Investment Efficiency Measurement and Heterogeneity Analysis

Against the backdrop of a new round of booming technological revolution, the digital economy has brought about high-quality development for trade. This paper is based on the 2011-2019 China's trade and investment in China, which will have a profound impact on China's trade and investment. This paper is based on the2011-2019 China. The spatial panel data of 30 provinces (excluding Tibet, Hong Kong, Macao and Taiwan) were analysed by using OLS model, panel solid model and panel data. Construct correlation regression models using fixed effects model, panel random effects model, differential GMM and systematic GMM methods. type and "Digital Economy Development Level Indicator System" to study the impact of the digital economy on the efficiency of domestic trade and investment.so as to contribute to the promotion of high-level opening up to the outside world, the deepening of domestic demand strategy, and the construction of " trade power".

Analysis of the Impact of Globalization Trends in the Digital Economy on Business Management and Administration Systems of Enterprises

Aim. This study aims to investigate the impact of globalization trends on the business management and administration systems. Methodology. The scoping review of the literature included 123 articles through desk research and in-house material. Upon categorizing typologies as qualitative, quantitative, or mixed, an assessment was made regarding the performance and consequences of globalization from 1990 to 2022. Results. Developing country managers are more likely to depend on international sales as a means to augment revenue, due to the greater saturation of sales in developed markets. Developed economies focus on advanced, possibly automated production methods, whereas developing nations employ the digital economy to compete in less automated industries. This creates a more specialized global market..E-commerce in the digital economy makes it easier for developing nations to enter the global market and reach a global audience. In their pursuit of financial gain, corporations based in affluent nations are more likely to employ sophisticated production methods, while those situated in developing countries are more likely to utilize less advanced ones. A number of prevalent issues and trends—including economics, politics, emerging markets, corporate social responsibility, and emerging markets—were recognized as critical for the development of global markets. While past research has focused on globalization's effects on developed economies, this study examines emerging country managers' unique difficulties and opportunities. The emphasis on expanding international sales and potential manufacturing process reduction can inform management approaches in similar situations. Conclusion. The recommendations underscore the critical necessity for further investigation into the aforementioned impacts across diverse economies, ranging from developing to developed. Although this study encountered difficulties due to inconsistent and limited data, it established a strong foundation for subsequent investigations in the field through the application of operationalization, methodologies, and analyses discovered in the business literature.

Research Progress and Prospect of Chinese Labor Skill Structure

As an important index to measure a country's economic development and social progress, the skill structure of labor force has been widely concerned. With the rapid development of China's economy and science and technology, the optimization of labor force skill structure has become one of the key factors to achieve sustainable development. However, there are still some deficiencies and limitations in the research on the skill structure of Chinese labor force. By systematically combing relevant studies, this paper clarified the evolution trend of China's labor force skill structure, deeply analyzed the influence mechanism of China's labor force skill structure around variables such as digital economy, industrial upgrading, regional development level, technological progress and urbanization, and then discussed the optimization path of labor force skill structure, and looked forward to the direction and focus of future research.

Can Digital Economy Development Facilitate Corporate ESG Performance?

As ESG (environmental, social, and corporate governance) is consistent with the spirit of sustainable development, it is useful to elevate ESG performance to realize the sustainable development of enterprise and society. Using the data of Chinese A-share listed firms in the period of 2011 to 2019, this paper takes the National Big Data Comprehensive Pilot Zone policy as a quasi-natural experiment and uses the difference-in-differences method to assess the effect of digital economy development on ESG performance. This paper reveals the following: (1) the digital economy can facilitate ESG performance; (2) digitalization of the economy helps enterprises to propel digital transformation, which in turn lifts ESG performance; (3) digital economy development has a deeper impact on private enterprises, especially for those in China’s capital cities; and (4) digital economy development moderates the inhibiting effect of ESG performance on corporate financial constraints. The findings of this paper indicate that digitalization of the economy can help to achieve sustainable development.