Predictions about M&A success always suffer from the challenge of unbalanced data, which can easily lead to biased predictions. In addition, previous empirical studies have certain limitations when facing high-dimensional relationships, making it difficult to provide a more global perspective. This study constructs and compares several machine learning models to propose an optimal model. This optimal model is lightGBM, which is constructed from the data after SMOTE oversampling. The results of LightGBM come from the CSMAR database of 3672 M&A transactions, revealing the relative importance and directions of 50 predictors on M&A outcomes, which may have contradictory results or do not appear in previous literature. The findings of this study provide new insights into predicting the success of M&A deals of Chinese listed companies and suggest new directions for future research.

This paper explores how female directors on board affect the environmental, social, and governance (ESG) performance of companies in China. Using stakeholder, gender socialization, and resource dependence theories, the study examines the relationship between women’s board representation and overall ESG scores, as well as individual ESG pillars. Utilizing a sample of 1,520 Chinese listed companies from 2006 to 2023 and a panel data regression model with fixed effects, the results reveal a negative relationship. The study further explores the moderating effects of female directors' age and financial background, finding that older directors and those with more financial expertise have a less adverse impact on ESG scores. The findings offer nuanced insights into the complexities of boardroom gender composition and ESG, with implications for corporate governance and sustainability conducts in China. This study also contributes to the ongoing discussion about the role of women in shaping corporate social responsibility and environmental stewardship.

This paper explores the role, risks, and standardized development paths of shadow financing as an alternative financing channel for small and medium - sized enterprises (SMEs) in China. Through literature research, case analysis, and data analysis, it reveals the positive effects of shadow financing in expanding financing channels, meeting diverse needs, and improving financing efficiency. At the same time, it also points out potential problems such as high financing costs, regulatory arbitrage, and systemic risks. The research shows that shadow financing plays an important role in alleviating the financing difficulties of SMEs. The government really has to guide and regulate the financing of small, medium and micro enterprises. Our top priority now is to strengthen the regulatory framework first - the laws and regulations that should be supplemented should be made up quickly, and the regulatory loopholes should be blocked in time. However, don't patronize control. Financial innovation should be encouraged. The key is to find a good balance between innovation and risk prevention and control. Don't make it difficult for enterprises to finance, and don't let the financial market lay mines. To put it bluntly, this research wants to give the regulatory department a trick, not only to allow small, medium and micro enterprises to get money and develop smoothly, but also to ensure that the whole financial market is as stable as an old dog. To put it bluntly, it is a win-win plan.

This work concentrated on the consumer behavior of luxury purchasing in post-pandemic era, especially the change of preferences/attitudes toward luxury goods related to the explosion of COVID-19. Data were collected from comments of top-rated YouTube videos of luxury unboxing/shopping and were analyzed via MDCOR. The result suggests that the purchasing will to luxury goods have generally elevated after COVID-19 explosion and pointed out several subtle elements that could further improve consumers’ favor. With best hope, the work could serve as a starting point for future studies in the area and provide meaningful improvement suggestions to luxury manufacturers in their future advertising strategies, and offer referential information for even advertisers in other areas.

This research mainly focuses on the crucial role of investor sentiment in the changes of asset pricing, especially its influence on risk arbitrage and market behavior. We know that both behavioral finance theory and empirical evidence are of great significance. The research combines them to see how investor biases, such as being overly optimistic or pessimistic, cause asset pricing errors and make the market unstable. To study this, we used some widely recognized sentiment indicators, such as the AAII Sentiment Survey, the VIX (Volatility Index), and the Composite Sentiment Index. Through these indicators, we examined the relationship between irrational investor behavior and pricing anomalies. The outcomes demonstrate the distinctively substantial impact that investor sentiment wields on risk arbitrage techniques, especially during market events like mergers and acquisitions. When speculative sentiment takes hold, people tend to overreact, leading to incorrect asset pricing. Moreover, the research also indicates that when investor sentiment is low, stocks with small size, short establishment time, and high volatility actually have higher returns. This suggests that sentiment is helpful for predicting stock returns. We added the sentiment indicators to the traditional asset pricing model, which enables us to better understand market changes and optimize risk arbitrage strategies. In conclusion, the research results tell us that considering the perspective of behavioral finance is very important when conducting financial analysis. This can provide useful methods for investors and policymakers to deal with market problems caused by investor sentiment.

In the context of deepening globalization, transnational economic interaction not only reshapes the global industrial pattern, but also intensifies the social class differentiation and cultural identity tear within and among countries. Based on the cross-perspective of sociology and political economy, this paper constructs an analytical framework with the world system theory, cultural capital theory and risk society theory as the core, and explores how global value chains, capital flows and cultural reproduction work together to reconstruct social class structure.The study points out that the bottom labor groups in the global South are institutionally marginalized in the global system, and although they formally participate in the global production network, they fail to achieve effective social mobility. At the same time, the logic of global distribution of cultural capital creates "soft oppression" through education, language, aesthetics and other mechanisms, which further aggravates social inequality. Global identity ambiguity and cultural homogeneity have also caused large-scale identity anxiety, forming a "global aphasia" group and an "identity tearing class".This paper proposes that "the redistribution of cultural capital," "the construction of inclusive identity," "the construction of the voice mechanism of the global bottom group" and "the structural reconstruction of social mobility" are the policy breakthrough points to deal with the class consolidation and cultural repression brought by globalization, so as to provide critical perspective and the oretical support for global social justice, cultural equality and structural reform.

Economic crisis often has a huge destructive power to the economy and affects the development of the whole society, so it needs to be prevented to stabilize social development. The Great Depression of the 1930s and the "stagflation" of the 1970s had a huge impact on the world economy at that time. This paper first analyzes the different coping strategies and the results after the emergence of two economic crises. The two are respectively: 20 Western major capitalist countries use trade wars, financial wars and other vicious competition means to compete for the limited world market to cope with the crisis, and eventually evolve into confrontation between groups, becoming the prelude to world war. After the economic crisis in the 1970s, in the context of the globalization of the world economy, the major capitalist countries in the West adopted a positive cooperative attitude to deal with the economic crisis, conducted effective coordination and cooperation, and tried their best to ease the contradictions among capitalist countries and promote the stable development of the world economy. At the end of the article, we need to be vigilant about the related risks and make suggestions for dealing with the economic crisis in the future.

Liquidity risk poses a significant threat to the stability of the banking sector, as highlighted by the recent bank run happened with Silicon Valley Bank (SVB). This paper examines the causes of liquidity risk through a case study and literature review of Silicon Valley Bank, focusing on its concentrated business model, reliance on uninsured deposits, asset-liability management practices, and internal risk governance. The analysis reveals that SVB’s liquidity crisis was driven by its business focus and high dependence on uninsured deposits, compounded by inadequate management of interest rate risk and weaknesses in its internal risk controls. Although external supervision by the Federal Reserve was in place, its conservative approach failed to prevent the crisis. This study contributes to the literature by providing a comprehensive analysis of liquidity risk and internal governance in the context of a high-profile banking failure. It recommends that banks diversify their business models and improve the risk management for the financial investment strategies. Additionally, regulators should enhance oversight of regional and large foreign banking organizations to ensure financial stability.

Globalization, as a significant feature of the current world economic development, has exerted extensive and complex influences on the issue of inequality on a global scale. This article aims to delve into the intrinsic connection between globalization and inequality, and to sort out the differentiated impacts that the process of globalization has brought about on income distribution, development opportunities, and educational skills among different countries and groups through mechanisms such as trade, capital flows, and technology transfer. Research findings reveal that globalization has dual impacts: on the one hand, through trade exchanges among countries and sharing of technological achievements, it can promote rapid economic growth; on the other hand, it also exacerbates inequality within and among some countries. Trade liberalization has led to employment shocks for low-skilled workers and widened the gap between the rich and the poor. Technology transfer, while enhancing production efficiency, also leads to the income disparity between high-skilled and low-skilled workers.

The period of globalization is marked by the contributions of American startups, in boosting economic progress and promoting innovation and social transformation. The study intends to examine startups in the food service sector in China and the U.S. comparing their approaches and how they blend societal and business objectives with regard to various factors, like governmental policies, social demand and cultural traditions that influence each country’s setting. This study delves into the methods of adjusting the tactics used in Shenzhen and Silicon Valley. Renowned hubs, for entrepreneurship activities. It also examines the increasing significance of startups that are dedicated to pursuing objectives with as much vigor as they pursue business triumphs. By studying the experiences of Hinichijou in China and Everytable in the U.S. it uncovers solutions to challenges such, as attracting clients securing backing for a business venture and recruiting individuals. The study findings help us understand how vital it is for every business model to be localized and provide advice, for startups looking to integrate responsibility into their strategies while aiming for success at the highest levels of achievement. This research significantly contributes to both local knowledge of connections and provides a clear path, for promoting sustainable social entrepreneurship.