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1 – 10 of 29Xiyue Zheng, Fusheng Wang, Shiyu Liu, Han Wang and Dongchao Zhang
This paper aims to conduct an analysis of the influence of both the breadth and depth of outward foreign direct investment (OFDI) undertaken by Chinese high-tech listed companies…
Abstract
Purpose
This paper aims to conduct an analysis of the influence of both the breadth and depth of outward foreign direct investment (OFDI) undertaken by Chinese high-tech listed companies during the period spanning 2010–2019. The data pertaining to these companies was used as a research sample to analyze the effects of OFDI on radical innovation performance.
Design/methodology/approach
Hierarchical regression analysis was used to test the proposed models, using survey data collected from 442 high-tech companies in China.
Findings
The findings of this study indicate a curvilinear (i.e. U-shaped) relationship between the breadth/depth of OFDI and radical innovation performance. Additional analysis reveals that OFDI plays a role in facilitating innovation breakthroughs by enhancing the internal dynamic capabilities of companies. Moreover, it is observed that a well-established institutional environment in the host country of investment can positively moderate the relationship between OFDI breadth/depth and radical innovation performance.
Originality/value
This study proffers a significant contribution to the understanding of the crucial role played by OFDI from emerging economy companies in enhancing radical innovation performance. Moreover, it offers theoretical guidance for multinational companies aiming to foster innovation breakthroughs.
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Ye Wang, Fusheng Wang and Shiyu Liu
This paper aims to discuss whether the attention of investors to abnormalities can serve as a mechanism for the influence of online media coverage on earnings management.
Abstract
Purpose
This paper aims to discuss whether the attention of investors to abnormalities can serve as a mechanism for the influence of online media coverage on earnings management.
Design/methodology/approach
Based on Baidu index data of China’s A-share listed companies between 2014 and 2018, this paper studies influencing mechanism of online media reports on earnings management from the perspective on abnormal investor attention.
Findings
The results show that internet media reports can impose pressure on managers of companies by inducing abnormal focus of the public on listed companies and further force the latter to generate more actions on the management of earnings. It is the abnormal rather than normal investor attention that mediates network media reports and earnings management.
Practical implications
This research enriches and refines the theory on influencing mechanism of media effects on earnings management and provides significant empirical evidence for future researches. Meanwhile, the conclusion of the research is of great practical importance for instructing listed firms dealing with media reports, guiding rational investment of investors and intensifying precision regulation of regulators.
Originality/value
By categorizing abnormal investor attention into active spontaneous abnormal attention which is not guided by media report and passive guided abnormal attention which is guided by media reports, the authors clarify the difference between the two categories. The result indicates that it is only the latter that is the influential mechanism of media report on earnings management.
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CHINA: More measures will support the private sector
Details
DOI: 10.1108/OXAN-ES239328
ISSN: 2633-304X
Keywords
Geographic
Topical
Li Gao, Jinnan Song, Jiajuan Liang and Jianxiao Guo
This paper aims to explore the influence of founder shareholders’ resources on the allocation of control rights from the perspective of incomplete contract theory and…
Abstract
Purpose
This paper aims to explore the influence of founder shareholders’ resources on the allocation of control rights from the perspective of incomplete contract theory and resource-based theory.
Design/methodology/approach
This paper analyzes newspaper materials with NVivo11on a case of battle for corporate control in Chinese top-listed company-Vanke Group.
Findings
The research shows that human capital is the key resource and the holding proportion of financial resources directly affects the allocation of control rights. At the same time, social capital is unstable and easily broken. At last, institutional environment also affects the degree between the relationship of founder shareholders’ resources and the allocation of control rights. The influence of founder-shareholder resources on the allocation of control rights follows the path of “crisis – founder-shareholder’s resources – founder’s ability - allocation of control rights.”
Research limitations/implications
This study only selects the financial capital, human capital and social capital of Shi Wang, the founder of Vanke, as the analysis object. The study can expand the types of founder shareholder resources to verify and enrich the conclusions.
Originality/value
The current theoretical research in the literature focuses on the necessity of equity and shareholder’s resources versus the control rights. Some key factors and mechanism on the relationship have not been fully clarified. The results of this paper not only extend the combination research of social network and corporate governance, but also provide enterprise founders with references for making reasonable decisions during control battle.
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Shiyu Wan, Yisheng Liu, Grace Ding, Goran Runeson and Michael Er
This article aims to establish a dynamic Energy Performance Contract (EPC) risk allocation model for commercial buildings based on the theory of Incomplete Contract. The purpose…
Abstract
Purpose
This article aims to establish a dynamic Energy Performance Contract (EPC) risk allocation model for commercial buildings based on the theory of Incomplete Contract. The purpose is to fill the policy vacuum and allow stakeholders to manage risks in energy conservation management by EPCs to better adapt to climate change in the building sector.
Design/methodology/approach
The article chooses a qualitative research approach to depict the whole risk allocation picture of EPC projects and establish a dynamic EPC risk allocation model for commercial buildings in China. It starts with a comprehensive literature review on risks of EPCs. By modifying the theory of Incomplete Contract and adopting the so-called bow-tie model, a theoretical EPC risk allocation model is developed and verified by interview results. By discussing its application in the commercial building sector in China, an operational EPC three-stage risk allocation model is developed.
Findings
This study points out the contract incompleteness of the risk allocation for EPC projects and offered an operational method to guide practice. The reasonable risk allocation between building owners and Energy Service Companies can realize their bilateral targets on commercial building energy-saving benefits, which makes EPC more attractive for energy conservation.
Originality/value
Existing research focused mainly on static risk allocation. Less research was directed to the phased and dynamic risk allocation. This study developed a theoretical three-stage EPC risk allocation model, which provided the theoretical support for dynamic EPC risk allocation of EPC projects. By addressing the contract incompleteness of the risk allocation, an operational method is developed. This is a new approach to allocate risks for EPC projects in a dynamic and staged way.
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Chaoyue Li, Shiyu Feng, Lei Shao, Jun Pan and Weihua Liu
This study aims to get the essential data of the solubility and diffusion coefficient of gas in jet fuel for appropriately designing a kind of on-board inert gas generation system.
Abstract
Purpose
This study aims to get the essential data of the solubility and diffusion coefficient of gas in jet fuel for appropriately designing a kind of on-board inert gas generation system.
Design/methodology/approach
A test apparatus based on pressure–decay method was constructed to measure solubility and diffusion coefficient of gas in liquid. The test apparatus and method were verified via measurement of solubility and diffusion of CO2 in the pure water.
Findings
The solubility of CO2 and O2 in RP-3 jet fuel with the temperature from 253 to 313 K under three various pressures were measured and compared with theoretical value calculated by a relative density method provided in the standard of ASTM D2780-92, and the deviation is within 10 per cent. The diffusion coefficients of CO2 and O2 in RP-3 jet fuel are determined by monitoring the gas pressure in a hermetic cell versus time with the temperature from 253 to 333 K. The measured diffusivity-temperature relation can be well fitted through the Arrhenius equation for engineering applications. The obtained correlation can be used to predict the diffusion coefficient of CO2 and O2 in RP-3 jet fuel under a wide temperature range.
Practical implications
The semi-empirical correlation of solubility and diffusion coefficient in RP-3 jet fuel obtained from the experimental data could be used to support the design of an inert gas generation system.
Originality/value
There are no essential data of solubility and diffusion of CO2 and O2 in RP-3 jet fuel; therefore, it is fatal if the quantity and rate of mass transfer of CO2 and O2 in RP-3 jet fuel must be assessed, e.g. during the design of green on-board inert gas generation system.
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Xiaoping Liu, Shiyu Wang and Yingqian Liang
Based on the construal level theory, this research study examines the interactive effect between social crowding and corporate social responsibility (CSR) statement type on…
Abstract
Purpose
Based on the construal level theory, this research study examines the interactive effect between social crowding and corporate social responsibility (CSR) statement type on consumers' purchase intention.
Design/methodology/approach
The authors conducted two empirical experiments on a total of 508 subjects.
Findings
There is an interactive effect between social crowding and CSR statement type on consumers' purchase intention. Specifically, in high social crowding situations, concrete CSR statements lead to consumers' higher purchase intention, while in low social crowding situations, abstract CSR statements lead to consumers' higher purchase intention. Self-construal and processing fluency play a moderating and mediating role in the mechanism.
Originality/value
This research study contributes to the theoretical understanding of the interaction between social crowding and CSR statements, enriching the field of consumer behavior research on social crowding. Additionally, it offers practical insights for enterprises on how to present CSR information in crowded situations.
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Lei Shao, Shiyu Feng, Chaoyue Li, Weihua Liu and Xuying Huang
This paper aims to improve the previous fuel scrubbing model and find out the relationship between bubble diameter and scrubbing efficiency (ƞ).
Abstract
Purpose
This paper aims to improve the previous fuel scrubbing model and find out the relationship between bubble diameter and scrubbing efficiency (ƞ).
Design/methodology/approach
A fuel tank scrubbing test bench was established to verify the accuracy of this model. Ullage and dissolved oxygen concentration were measured, and images of bubble size and distribution were collected and analyzed using image analysis software.
Findings
The bubble diameter has a great influence on ullage and dissolved oxygen concentration during the fuel scrubbing process. The scrubbing efficiency (ƞ) has an exponential relationship with bubble diameter and decreases rapidly as the bubble diameter increases.
Practical implications
The variation of the ullage and dissolved oxygen concentration predicted by this model is more accurate than that of the previous model. In addition, the study of bubble size can provide a guidance for the design of fuel scrubber.
Originality/value
This study not only improves the previous fuel scrubbing model but also develops a method to calculate scrubbing efficiency (ƞ) based on bubble diameter. In addition, a series of tests and analyses were conducted, including numerical calculation, experiment and image analysis.
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Maoyu Zhang, Shiyu Zhou, Yan Wu and Shengming Liu
Despite the dramatic increase in people's use of social media, relatively few studies have examined its effect on careers. Drawing upon social comparison theory and…
Abstract
Purpose
Despite the dramatic increase in people's use of social media, relatively few studies have examined its effect on careers. Drawing upon social comparison theory and self-regulation theory, this study aims to investigate how career-oriented social media usage interacts with social comparison orientation (SCO) to influence the career exploration of university students.
Design/methodology/approach
Three waves of survey data are collected from 482 university students in China. Hypotheses are tested through ordinary least squares analysis.
Findings
Results show that career-oriented social media usage increases career anxiety, which in turn promotes career exploration. Furthermore, SCO strengthens such influence of career-oriented social media usage.
Originality/value
Given the limited attention paid to the effects of social media in career contexts, this study distinguishes career-oriented social media usage and proposes insights into its effect on career exploration. In doing so, this study extends social media literature and provides implications for the transition of university students from school to work in the digital era.
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