Many financial crises have occurred in recent decades, such as the International Debt Crisis of 1982, the East Asian Economic Crisis of 1997–2001, the Russian economic crisis of 1992–1997, the Latin American debt Crisis of 1994–2002, the Global Economic Recession of 2007–2009, which had a strong impact on international relations. The aim of this article is to create an econometric model of the indicator for identifying crisis situations arising in stock markets. The approach under consideration includes data for preprocessing and assessing the stability of the trend of time series using higher-order moments. The results obtained are compared with specific practical situations. To test the proposed indicator, real data of the stock indices of the USA, Germany and Hong Kong in the period World Financial Crisis are used. The scientific novelty of the results of the article consists in the analysis of the initial and given initial moments of high order, as well as the central and reduced central moments of high order. The econometric model of the indicator for identifying crisis situations arising considered in the work, based on high-order moments plays a pivotal role in crisis detection in stock markets, influencing financial innovations in managing the national economy. The findings contribute to the resilience and adaptability of the financial system, ultimately shaping the trajectory of the national economy. By facilitating timely crisis detection, the model supports efforts to maintain economic stability, thereby fostering sustainable growth and resilience in the face of financial disruptions. The model's insights can shape the national innovation ecosystem by guiding the development and adoption of monetary and financial innovations that are aligned with the economy's specific needs and challenges.

In order to optimize the environmental factors for cucumber growth, a fertilizer and water control system was designed based on the Internet of Things (IoT) system. The IoT system monitors environmental factors such as temperature, light and soil Ec value, and uses image processing to obtain four growth indicators such as cucumber stem height, stem diameter size, number of leaves and number of fruit set to establish a single growth indicator model for temperature, light, soil Ec value and growth stage, and the four growth indicators were fused to obtain the comprehensive growth indicator I_c for cucumber, and calculates its deviation to determine the cucumber growth status. Based on the integrated growth index I_c of cucumber, a soil Ec control model was established to provide the optimal environment and fertilizer ration for cucumber at different growth stages to achieve stable and high yield of cucumber.

Private states (also referred to as “micronations”) are unique cultural and creative products that involve political, economic, and cultural factors tied to individuals, groups, and specific social contexts. From ancient settlers establishing overseas colonies to modern digital virtual state projects, the forms and operational methods of private states have continuously evolved and innovated. The successful marketing of private states is often accompanied by the creation of narrative elements, such as their histories, constitutions, national flags, and coats of arms, constructing a grand narrative that attracts consumers, in line with the theory of monogatari consumption. As symbolic cultural products, these states not only possess material attributes but, more importantly, also embody cultural experiences and emotional value. Therefore, the significance of studying private states lies in elucidating how they present and operate their unique worldviews and cultural atmospheres to attract participation.

In the current digital era, digital communication has a profound impact on the construction of product brands and affects the organizational performance of enterprises; thus, digital communication has become a power that cannot be ignored to improve the organizational performance of enterprises. This study demonstrated three hypotheses based on previous research and used a questionnaire survey to collect first-hand data from distributors of a China’s leading domestic down coat brand (named BRAND A in this study), and then studied and analyzed the relationships among digital integrated and interactive brand communication (DIIBC), brand value, and organizational performance through SEM analysis methods. The results showed that DIIBC had an indirect negative significant positive effect on organizational performance through brand value, while it had a highly significant direct positive effect on the organizational performance of this brand in China’s domestic down coat industry, and DIIBC’s final function on organizational performance was highly significant positive.

This research reviews the environmental, social, and governance (ESG) performance of corporate social responsibility (CSR) and technology innovation development, and analyzes the impact of technology innovation on ESG performance and its influencing mechanism. In additional, the main purpose of this study is to gain an understanding the relationships of ESG performance, CSR and technology innovation in Art industry. We found that technology innovation impact CSR of art firm, and ESG performance with the moderating variable of technology innovation has a significant and positive impact on CSR. Likewise, the study is based on primary panel data collected from 161 consumer, product and service manufacturing companies through an electronic questionnaire (Google, Microsoft online survey) with five-point Likert measurement scale. The exploratory factor analysis is proposed to be carried out using IBM SPSS 27.0 and the confirmatory factor analysis (CFA analysis) is proposed to be carried out using SmartPLS.4.0 analysis software, and this study investigate the measurement factors and the reliability of the construct items and to validate the factorial structure of the research variables. Moreover, digital technology and CSR has the potential to contribute to this impact. Based on these findings, we propose relevant ESG performance recommendations to improve technology innovation and CSR. Our findings offer an excited knowing and learning of the impact of ESG performance, CSR and technology innovation in Chinese art industry. Furthermore, this study extends stakeholders theory and Schumpeter’s Innovation Theory by proving their utility in the perspective of CSR, ESG performance.

The Science and Technology Innovation Center holds a pivotal position in the national science and technology innovation system, and a scientific evaluation of the “Sci-tech Innovation Center” will guide its construction direction. This study found the advantages and disadvantages of the four cities through comparison; Hence improvement suggestions were proposed for the weaknesses of the four cities. There are two main paths for the government to drive technology innovation: STI (Science and Technology Innovation) mode and DUI (Doing, Using, Interacting) mode. With the aid of the evaluation index system of the Sci-tech Innovation Center, this article uses fuzzy sets, rough sets and fuzzy dynamic clustering methods to comprehensively evaluate the effects of driving technology innovation in the four cities of Beijing, Shanghai, Shenzhen and Guangzhou. The results found that Shenzhen has a significant effect in DUI, and Beijing has a significant effect in STI. The choice of path is related to the abundance of innovation resources.