Hongman Hou

Tianjin Foreign Studies University

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Papers

Citation

H-Index

i-10 index

Research Field

Microsatellite analysis of genetic diversity in wild and cultured populations of jellyfish Rhopilema esculentum.

Lu YanXian Di MingYu Yunfeng Li Zunchun Zhou Hongman Hou

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Citations (3)

Quantitative Trading Model of Two Shares Based on NARX Neural Network and Dynamic Programming

BCP Business & Management (2022)

Xiang Li Hongman Hou Siqi Wang

This paper focuses on the quantitative trading of two shares based on historical data. In modern financial research, quantitative transaction is an important research topic. With the rapid development of the financial market, it is of great practical significance to accurately predict the future data through historical data and make reasonable decisions. This paper aims to help traders improve their decision-making ability and optimize asset allocation by building a quantitative trading decision-making model. This paper analyzes the advantages and disadvantages of the model, and proves that the established model has high robustness, accuracy and popularization significance. According to the experimental results and research conclusions, the memorandum provides information and suggestions for investors' investment choices.

Robustness

Trading strategy

Investment Decisions

Decision maker

10.54691/bcpbm.v23i.1369

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The impact of ESG performance on audit fees - a study based on a two-way fixed effects model

BCP Business & Management (2022)

Hongman Hou Yawen Yang Haolin Lv

With the continuous promotion of the construction of beautiful China and ecological civilization, the concept of sustainable and green development has become increasingly popular. In recent years, enterprises' environmental social and governance (ESG) performance has received widespread attention in China. This paper selects panel data of A-share listed companies in Shanghai and Shenzhen from 2011 to 2020 and uses a two-way fixed-effects model to explore the relationship between ESG performance of listed companies and audit fees. Robustness and endogeneity tests of the empirical structure are performed by replacing explanatory variables and regressing explanatory variables with a one-period lag. The effect of firm heterogeneity characteristics on the relationship between the two is further examined through subsample regressions according to the nature of enterprises and audit institutions. We find a strong negative association between ESG performance and audit fees, meaning that better ESG performance of firms in China leads to lower audit fees. Also, it is tested that the negative effect of ESG performance on audit fees is more significant when the firm is a non-state owned firm and when audited by Big Four accounting firms. The empirical results of this paper will well enrich the study on the impact of ESG performance on firms and broaden the research on the factors influencing audit fees.

Endogeneity

Robustness

10.54691/bcpbm.v30i.2505

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Citations (1)