The recent withdrawal of the New York Stock Exchange’s (NYSE) proposal of a new asset class prompted a revisit to the purpose of Corporate Social Responsibility (CSR). The asset class, known as the Natural Asset Company (NAC), exemplifies a stakeholder primacy model that has become popularized by large multinationals working toward a sustainable future. This model has been criticized for serving more optics than actual impact, leading to questions about the purpose of the NAC. Following concerns raised by several attorneys general, the NYSE withdrew its proposal. Among the concerns cited by the attorneys general was the ambiguous language used to explain the NAC’s business model and the threat of private enterprises owning public land. This paper presents an analysis of the underlying pseudo-CSR articulated by the NAC and its impact on the landscape of CSR. The paper concluded that in order to achieve true CSR, companies themselves should not be upheld to a CSR standard, but rather, the employees themselves through their own decision-making.

Under the background of the global financial market, with the close connection and mutual influence between the financial markets of various countries, risk management has become the focus of attention of investors and financial institutions. Especially in the face of complex and changeable market environment, how to effectively manage risks and ensure asset safety has become an urgent problem to be solved. As an important risk management tool, index futures play an irreplaceable role in the global financial market.This study focuses on China's CSI 300 index and Japan's Nikkei 225 index futures, and aims to provide scientific decision-making basis and risk management strategies for investors by comparing and analyzing their hedging efficiency and influencing factors under different financial environments. This study examines the hedging efficiency and its influencing factors in different financial environments. Using OLS, ECM, VaR models, the data from 1 January 2023 year to 11 July 2024 were analysed with the aim of accurately measuring hedging ratios and optimising cross-market asset allocation.It is found that the CSI 300 is significantly more efficient than the Nikkei 225 in hedging and the ECM model outperforms OLS in hedging performance.Both index futures are effective in reducing tail risk, but the tail risk is slightly higher for the Nikkei 225. Differences in market structure and investor behaviour are the key factors contributing to the different hedging efficiencies.

The real estate market constitutes an important part of the global economy, not only as an important part of residents’ lives but also as one of the key drivers of economic growth. However, fluctuations in the property market can lead to serious economic problems. During the late 1990s and early 2000s, Spain experienced rapid economic growth, during which time the Spanish government viewed the property sector as a pillar of economic development that fueled the rapid expansion of the property market. However, with the onset of the global financial crisis in 2008, the Spanish property market was also hit hard. This paper aims to investigate whether monetary policy adopted in Spain contributed to the boom and bust of the property market. This paper focuses on Spain before the property bubble erupted through literature references and case comparisons. It is concluded that the low interest rates, easy credit and other monetary policies adopted in Spain eventually led to the property bubble.

Digital infrastructure is the foundation for the efficient operation of the countryside in the digital era, which has injected new momentum into rural revitalization by enhancing the supply capacity of rural network infrastructure, increasing the transformation and upgrading of rural infrastructure, and facilitating the intelligent upgrading of agricultural production methods and the modernization of agriculture, among other things. There are three main findings: first, rural revitalization is steadily advancing but facing challenges, and although the average level of its index is currently in the lower middle range, the overall trend is steadily rising, and various economic indicators need to be considered comprehensively. Second, digital infrastructure has significantly contributed to rural revitalization by strengthening rural network infrastructure, such as 5G networks and the Internet of Things (IoT), and encouraging the growth of e-commerce in rural areas, smart culture and tourism, and other digital new businesses, thus activating a new engine for rural industries. Thirdly, the new education infrastructure, which is based on digital infrastructure, has also shown to play a significant role in promoting rural revitalization.

Under the background of aging and childlessness, the number of disabled elderly people in China continues to rise and the introduction of long-term care insurance (LTCI) has provided significant relief to many disabled elderly individuals and their families, effectively alleviating the pressure of taking care of the elderly. As the pilot program expands across China, the current status of policy implementation in the first batch of pilot cities needs to be summarized in order to facilitate further policy improvement. This paper embraces the theoretical framework of policy implementation, dividing the process into three distinct yet interconnected stages: preparation stage, implementation stage, and summarization stage. This paper analyzes the current situation of policy implementation and typical practices in the first batch of pilot cities. The study summarizes innovations and shortcomings in areas such as policy promotion, service provision, benefit distribution, and performance evaluation, and offers policy recommendations, including improving policy promotion, expanding funding channels, and establishing evaluation systems.

In the contemporary global economic landscape, the United Kingdom's role as a leading economic powerhouse necessitates constant adaptation and strategic planning to maintain its competitive edge. Against this backdrop, the study delves into the impact of three pivotal policies enacted by the UK government on its economic growth trajectory. Rooted in the recognition that policy interventions are critical drivers of national economic development, this research endeavors to unpack the intricacies of how these policies shape the nation's economic fabric. With a keen focus on the educational reform, the National Infrastructure Strategy, and the Green Economy Transition Plan, the study meticulously examines their intended goals and actual outcomes, drawing from a robust blend of qualitative and quantitative data sources. This study delves into the impact of three key policies enacted by the United Kingdom on its economic growth, and focuses on analyzing the educational reform, the National Infrastructure Strategy, and the Green Economy Transition Plan, examining their anticipated outcomes and actual effects post-implementation.

With the popularization of the Internet and the rapid development of mobile technology, e-commerce has not only changed people's consumption habits, but also profoundly affected the business model and industrial structure. However, due to the involvement of laws, regulations, and policy environments from different countries and regions, cross-border e-commerce still presents numerous uncertainties and risks. In the future, it is necessary to strengthen the research on cross-border e-commerce laws and policies to provide guidance for the standardized development of cross-border e-commerce. This article aims to examine the enhancement of cross-border e-commerce-related policies and the achievement of sustainable development through PEST analysis and other methods. With the continuous improvement of globalization, it is imperative to strengthen trade cooperation between countries. The trend of economic globalization is irreversible. The Chinese government must formulate policies in line with the development trend of the times, constantly improve the level of opening up to the outside world, absorb foreign investment funds, learn advanced science and technology from other countries, and promote the optimization and upgrading of industrial structure and the improvement of production efficiency. Therefore, the Chinese government has accelerated the establishment of a new pattern of opening up to the outside world in accordance with the requirements of the times, and gradually formed a new development pattern with the domestic cycle as the main body and the mutual promotion of the domestic and international double cycle to achieve more efficient, higher quality, fairer, safer and more sustainable development in order to promote global economic prosperity.

Since TikTok exploded in the world, various new forms of business born by the platform have emerged, with e-commerce live marketing being just one example. With the application of e-commerce live broadcasting in all walks of life, different live content and types continue to emerge, full-time carrier broadcast and key opinion leaders with their huge exposure and fan groups, can make the brand's publicity achieve outstanding results. With the continuous improvement of users' attention to e-commerce live broadcasting, more scene-based short video content has been applied to marketing strategies, and instant consumption has become a popular trend. This paper aims to analyze the performance of DJI's digital products in live video broadcasting, goods distribution, and short video data performance over the past six months, visualizing the data for display and analysis, and then use the sales prediction model to predict the sales of goods after 10 days; moreover, it summarizes the marketing performance characteristics of the new frontier based on six months of data. This study provides reference and guidance for brands to carry out e-commerce live broadcasting.

Strengthening information disclosure through Environmental, Social, and Governance (ESG) practices has been confirmed by both academia and the business world to guide companies in fulfilling their social responsibilities and promoting the prosperity of the labor market. However, previous literature lacks studies on the output pathways and efficiency of corporate ESG ratings. Therefore, this paper takes A-share listed companies in the Shanghai and Shenzhen stock markets from 2009 to 2022 as the research sample. By employing the fuzzy-set qualitative comparative analysis (fsQCA) and Data Envelopment Analysis (DEA) methods, this study verifies the employment output pathways and efficiency of ESG. The analysis focuses on how ESG ratings affect the employment output efficiency of companies in different industries and of different types. The findings indicate that corporate size, wage levels, and ESG ratings can all independently serve as core conditions for employment levels. However, the employment output efficiency of ESG ratings is significantly lower than that of corporate size and wage levels. Moreover, state-owned enterprises exhibit a higher proportion of decreasing returns to scale, with varying returns to scale observed across industries.

Mergers and acquisitions (M&A), as a means of optimizing resource allocation, have a history of over 100 years in the West and have sparked five major waves of M&A activity with global impact. Since China's reform and opening-up, there have been over 20 years of M&A practices in the country, resulting in a substantial body of research. However, there remains a lack of systematic studies summarizing the factors influencing the success or failure of M&As. Additionally, there is relatively limited research on how to achieve the intended strategic goals of M&A through effective post-merger integration strategies and how to avoid failure. Further in-depth research is needed to address these gaps. This paper aims to analyze the core factors influencing the success or failure of M&A by drawing upon relevant literature. It identifies that M&A outcomes are affected by a range of factors, including post-merger integration measures, organizational and personnel issues, information asymmetry, business philosophies, management systems, organizational culture, government and corporate behaviors, financing conditions, and regulatory policies. The study also finds that both subjective and objective factors—such as strategic planning, cultural integration, organizational restructuring, human resource management, market conditions, and legal risks—play a role in determining the success of M&As.