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Article
Publication date: 26 July 2021

Ayishat Omar, Alex P. Tang and Yu Cong

The purpose of this study is to investigate how compensation committee structure or characteristic impacts say on pay (SOP) voting dissent and the impact of SOP dissent on chief…

Abstract

Purpose

The purpose of this study is to investigate how compensation committee structure or characteristic impacts say on pay (SOP) voting dissent and the impact of SOP dissent on chief executive officer (CEO) turnover.

Design/methodology/approach

The authors use corporate governance and SOP data to test the relationships amongst variables. Additional analysis is performed using one-to-one propensity-score matched samples.

Findings

The authors find that firm-years with at least a female member present on the compensation committee are associated with lower SOP dissent. The authors find mixed results of the impact of SOP dissent on CEO turnover.

Practical implications

This paper suggests that diversity on the compensation committee, particularly the presence of at least a female member on the committee, serves as an important determinant of SOP voting outcome in the USA. The paper provides policymakers and practitioners with insights into factors influencing SOP voting outcomes and implications of SOP dissent for firms.

Originality/value

The findings of this paper contribute to the corporate governance literature by enhancing the understanding of the role of the compensation committee as it relates to SOP dissent and effect of SOP dissent on CEO turnover.

Details

Accounting Research Journal, vol. 34 no. 6
Type: Research Article
ISSN: 1030-9616

Keywords

Article
Publication date: 25 October 2022

Dina El Mahdy, Jia Hao and Yu Cong

The purpose of this study is to examine the association between audit committee expertise and asymmetric information in the US equity market.

Abstract

Purpose

The purpose of this study is to examine the association between audit committee expertise and asymmetric information in the US equity market.

Design/methodology/approach

The authors use measures of information asymmetry for 705 US firms (5,260 firm-year observations) over the period from 2007 to 2018, and use the theory of expertise (Ericsson and Smith, 1991) to examine the association between audit committee financial expertise and information asymmetry. The authors use multiple econometric approaches such as firm fixed-effect regression and two-stage ordinary least squares regression to control for possible endogeneity and reverse causality and find that the results remain the same.

Findings

The authors find that the existence of an audit committee with financial expertise is negatively and significantly associated with information asymmetry. The authors further provide empirical evidence through which audit committee financial expertise affects the firm’s informational environment. Additional analysis supports the argument that the audit committee’s financial expertise enhances the firm’s informational environment by increasing (decreasing) analyst following (dispersion).

Research limitations/implications

One limitation to consider, like most studies on audit committees, is that the authors do not examine the actual role performed by the audit committee. The authors focus on the characteristics stipulated by the Sarbanes–Oxley Act 2002 and stock exchange rules regarding the financial expertise of audit committee members only.

Practical implications

This study is useful to policy makers, standard setters, investors, activists, managers, lenders and various stakeholders who rely on the financial statements of firms with an expert audit committee on board. The outcome of this study promotes recruiting audit committees with financial expertise due to the assumed benefits of this trait to the US firm.

Social implications

The results of this study are not event-dependent and therefore have persistent effects, which is important to the evaluation of the usefulness of a regulation. This study promotes recruiting audit committees with financial expertise on boards because of the assumed benefits to the firm and investors.

Originality/value

This study is the first to document that financial expertise of audit committee characteristics is not only negatively related to the magnitude of information asymmetry but also driven by the financial expertise of audit committee members rather than chairs.

Details

Journal of Financial Reporting and Accounting, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1985-2517

Keywords

Article
Publication date: 29 August 2019

Cong Yu, LongFei Qie, ShiKai Jing and Yan Yan

Orientation determination is an essential planning task in additive manufacturing (AM) because it directly affects the part quality, build time, geometric tolerance, fabrication…

Abstract

Purpose

Orientation determination is an essential planning task in additive manufacturing (AM) because it directly affects the part quality, build time, geometric tolerance, fabrication cost, etc. This paper aims to propose a negative feedback decision-making (NFDM) model to realize the personalized design of part orientation in AM process.

Design/methodology/approach

NFDM model is constructed by integrating two sub-models: proportional–integral–derivative (PID) negative feedback control model and technique for order preference by similarity to an ideal solution (TOPSIS) decision-making model. With NFDM model, a desired target is first specified by the user. Then, the TOPSIS decision model calculates the “score” for the current part orientation. TOPSIS decision model is modified for ease of control. Finally, the PID controller automatically rotates the part based on the error between the user-specified target and the calculated “score”. Part orientation adjustment is completed when the error is eliminated. Five factors are considered in NFDM model, namely, surface roughness, support structure volume, geometric tolerance, build time and fabrication cost.

Findings

The case studies of turbine fan and dragon head indicate that the TOPSIS model can be perfectly integrated with the PID controller. This work extends the proposed model to different AM processes and investigates the feasibility of combining different decision-making models with PID controller and the effects of including various evaluation criteria in the integrated model.

Originality/value

The proposed model innovatively takes the TOPSIS decision-making model and the PID control model as a whole. In this way, the uncontrollable TOPSIS model becomes controllable, so the proposed model can control the TOPSIS model to achieve the user-specified targets.

Details

Rapid Prototyping Journal, vol. 25 no. 10
Type: Research Article
ISSN: 1355-2546

Keywords

Book part
Publication date: 16 October 2014

Yu Cong, Martin Freedman and Jin Dong Park

In 2009, Newsweek published a report in which they ranked the 500 largest US companies and the 100 largest global companies based on its environmental performance measures …

Abstract

In 2009, Newsweek published a report in which they ranked the 500 largest US companies and the 100 largest global companies based on its environmental performance measures (http://greenrankings2009.newsweek.com/). This ranking is referred to as Newsweek’s Green Ranking. Included in this ranking is information about water and air pollution, solid waste disposal, toxic wastes, carbon emissions, and enforcement actions. The question we are addressing in this study is how well it measures pollution performance? The question is relevant to environmental accounting/reporting since it is part of a dilemma yet to be answered: Aggregated environmental indices/scores are easy for average information users to percept, while specific information may not be preserved when it is aggregated into the overall score(s).

Specifically, we examine whether Newsweek’s Green Ranking is correlated with pollution measures based on Toxics Release Inventory (TRI) in order to determine how valid or reliable Newsweek’s Green Ranking is – in other words, how much Newsweek’s Green Ranking can explain the pollution by the toxic releases. We find that there is no significant correlation between Newsweek’s Green Ranking and the TRI measures except for the firms in the utilities industry. Concluding that on one measure, which we consider a very important one, there is no justification for the overall Green Ranking Score presented by Newsweek. However, in Newsweek’s three-part score the element that is termed the Environmental Impact Score captures pollution performance measured based on TRI. The contrast between the overall ranking and performance ranking indicates that a composite index that incorporates hard performance and soft measures can dilute the information carried by performance data.

Details

Accounting for the Environment: More Talk and Little Progress
Type: Book
ISBN: 978-1-78190-303-2

Keywords

Article
Publication date: 23 August 2011

Ming Cong, Dong Liu, Yu Du, Haiying Wen and Yinghua Wu

The purpose of this paper is to build a seven‐degrees of freedom (DOF) parallel‐serial robot system which has the advantage of mechanical novelty and simplicity compared with the…

Abstract

Purpose

The purpose of this paper is to build a seven‐degrees of freedom (DOF) parallel‐serial robot system which has the advantage of mechanical novelty and simplicity compared with the existing platforms, and to share the experience of converting a popular motion base to an industrial robot for use in full‐mission tank training processes of three armored arms.

Design/methodology/approach

By studying the concept of the robot system, a novel parallel‐serial robot with seven DOF driven by electrical servo motors is built. And the transmission modules and Hooke joints are explored and designed in detail. Then the inverse kinematics based on coupling compensation and time‐jerk synthetic optimization methods for trajectory planning of the simulator are presented and further discussed in order to satisfy the requirements of high stability and perfect performance. In advance, the feasibility and applicability of this triune parallel‐serial robot system are verified.

Findings

A prototyped test shows that the performance of the system is of a satisfaction with real‐time tracking any trajectories given by the visual system smoothly. Finally, the characteristics of the robot system are realized and verified by experiments and an industrial application.

Practical implications

The triune full‐mission tank training simulator developed in this paper has been used in the military industry and it has a great potential application.

Originality/value

This successful usage of the novel and simple parallel robot system in the military industry expands the range of its applications in real‐life task more operators training. And the proposal methods of inverse kinematics based on coupling compensation and trajectory planning enhanced the theoretical research of the parallel robot.

Details

Industrial Robot: An International Journal, vol. 38 no. 5
Type: Research Article
ISSN: 0143-991X

Keywords

Article
Publication date: 6 November 2017

Chih-Ming Chen and Ming-Yueh Tsay

Collaboratively annotating digital texts allow users to add valued information, share ideas and create knowledge. Most importantly, annotated content can help users obtain a…

1825

Abstract

Purpose

Collaboratively annotating digital texts allow users to add valued information, share ideas and create knowledge. Most importantly, annotated content can help users obtain a deeper and broader understanding of a text compared to digital content without annotations. This work proposes a novel collaborative annotation system (CAS) with four types of multimedia annotations including text annotation, picture annotation, voice annotation and video annotation which can embedded into any HTML Web pages to enable users to collaboratively add and manage annotations on these pages and provide a shared mechanism for discussing shared annotations among multiple users. By applying the CAS in a mashup on static HTML Web pages, this study aims to discuss the applications of CAS in digital curation, crowdsourcing and digital humanities to encourage existing strong relations among them.

Design/methodology/approach

This work adopted asynchronous JavaScript (Ajax) and a model-view-controller framework to implement a CAS with reading annotation tools for knowledge creating, archiving and sharing services, as well as applying the implemented CAS to support digital curation, crowdsourcing and digital humanities. A questionnaire survey method was used to investigate the ideas and satisfaction of visitors who attended a digital curation with CAS support in the item dimensions of the interactivity with displayed products, the attraction and the content absorption effect. Also, to collect qualitative data that may not be revealed by the questionnaire survey, semi-structured interviews were performed at the end of the digital curation exhibition activity. Additionally, the effects of the crowdsourcing and digital humanities with CAS support on collecting and organizing ideas and opinions for historical events and promoting humanity research outcomes were considered as future works because they all need to take a long time to investigate.

Findings

Based on the questionnaire survey, this work found that the digital curation with CAS support revealed the highest rating score in terms of the item dimension of attraction effect. The result shows applying CAS to support digital curation is practicable, novel and interesting to visitors. Additionally, this work also successfully applied the developed CAS to crowdsourcing and digital humanities so that the two research fields may be brought into a new ground.

Originality/value

Based on the CAS, this work developed a novel digital curation approach which has a high degree of satisfaction on attraction effect to visitors, an innovative crowdsourcing platform that combined with a digital archive system to efficiently gather collective intelligence to solve the difficult problems of identifying digital archive contents and a high potential digital humanity research mode that can assist humanities scholars to annotate the texts with distinct interpretation and viewpoints on an ancient map, as well as discuss with other humanities scholars to stimulate discussion on more issues.

Details

The Electronic Library, vol. 35 no. 6
Type: Research Article
ISSN: 0264-0473

Keywords

Book part
Publication date: 16 October 2014

Abstract

Details

Accounting for the Environment: More Talk and Little Progress
Type: Book
ISBN: 978-1-78190-303-2

Article
Publication date: 2 May 2024

Yuchen Liu, Yinguo Dong and Weiwen Qian

The purpose of this study is to explore the effect and mechanism of the digital economy’s influence on the binary margin of agricultural exports.

Abstract

Purpose

The purpose of this study is to explore the effect and mechanism of the digital economy’s influence on the binary margin of agricultural exports.

Design/methodology/approach

Based on the theoretical analysis of the mechanism of the digital economy’s influence on the binary margin of agricultural exports, this study empirically examines the effect and mechanism of the digital economy’s influence on the binary margin of agricultural exports based on China’s customs export data from 2011 to 2016.

Findings

The relevant findings are threefold. (1) The digital economy significantly improves the binary margin of agricultural exports, and its effect on the intensive margin is stronger than that on the expansive margin. After the expansive margin is subdivided, the effects on the three sub-variables of the expansive margin are in the following order: old products exported to new markets > new products exported to old markets > new products exported to new markets. (2) The heterogeneity analysis reveals that the digital economy has a stronger role in promoting the binary margin of exports for enterprises in the eastern region, high-income countries as the destination of exports and state-owned enterprises. (3) Mechanism analysis shows that the digital economy promotes the binary margin of agricultural exports by reducing trade costs and intensifying market competition.

Originality/value

First, in terms of research perspective, although there are some studies on the impact of the digital economy on export trade in existing literature, the research objects mainly focus on manufacturing enterprises. In fact, agricultural trade is susceptible to natural conditions and seasonal factors, and countries may impose more SPS measures and TBT measures on agricultural trade due to risk considerations. The relationship between the digital economy and agricultural trade also has its own characteristics, but there are few research studies in this area. At present, only Liu and Gao (2022), based on the data of total imports and exports of different agricultural products from 2004 to 2018, have established a vector auto-regressive model to empirically analyse the heterogeneous dynamic impact of the digital economy on the trade volume of agricultural products. In addition, Ma and Guo (2023) conducted an empirical test on the total effect, regional heterogeneity and threshold effect of the digital economy on agricultural export trade based on China’s provincial panel data from 2011 to 2020. Therefore, under the new circumstances of continuous integration of digital technology and agriculture, this study interprets the impact effect and mechanism of the digital economy on the binary margin of agricultural exports from the perspective of the digital economy, providing new research perspectives and approaches for promoting the growth of agricultural exports. Second, in terms of theoretical analysis, the above studies have not been fully analysed in terms of the specific mechanism of the impact of the digital economy on agricultural exports. Based on the positive and negative characteristics of agricultural trade, this study introduces two kinds of roles into the theoretical analysis framework to comprehensively determine the trade impact effect of the digital economy. Third, in terms of research design, this study empirically examines the impact of the digital economy on the binary margin of agricultural products, passing a series of robustness tests and investigating the mediating roles of trade cost and market competition effects, producing an empirical basis for China to leverage the digital economy to promote the binary margin of agricultural exports.

Details

China Agricultural Economic Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1756-137X

Keywords

Book part
Publication date: 3 October 2019

Zhao Alexandre Huang and Rui Wang

Using the theoretical frameworks of public diplomacy and public relations, we mapped how the Chinese government has used panda imagery to build its national brand on Twitter and…

Abstract

Using the theoretical frameworks of public diplomacy and public relations, we mapped how the Chinese government has used panda imagery to build its national brand on Twitter and how this ‘panda diplomacy’ has facilitated its para-diplomatic actions. Our findings uncover new attempts by the Chinese government to engage in digital diplomacy. Mobilizing panda imagery on Twitter enhanced friendly relations with foreign political leaders and people and established a friendly and peaceful image of China on Twitter.

Details

Big Ideas in Public Relations Research and Practice
Type: Book
ISBN: 978-1-83867-508-0

Keywords

Article
Publication date: 14 February 2024

Qian Zhou, Shuxiang Wang, Xiaohong Ma and Wei Xu

Driven by the dual-carbon target and the widespread digital transformation, leveraging digital technology (DT) to facilitate sustainable, green and high-quality development in…

Abstract

Purpose

Driven by the dual-carbon target and the widespread digital transformation, leveraging digital technology (DT) to facilitate sustainable, green and high-quality development in heavy-polluting industries has emerged as a pivotal and timely research focus. However, existing studies diverge in their perspectives on whether DT’s impact on green innovation is synergistic or leads to a crowding-out effect. In pursuit of optimizing the synergy between DT and green innovation, this paper aims to investigate the mechanisms that can be harnessed to render DT a more constructive force in advancing green innovation.

Design/methodology/approach

Drawing from the theoretical framework of resource orchestration, the authors offer a comprehensive elucidation of how DT intricately influences the green innovation efficiency of enterprises. Given the intricate interplay within the synergistic relationship between DT and green innovation, the authors use the fuzzy-set qualitative comparative analysis method to explore diverse configurations of antecedent conditions leading to optimal solutions. This approach transcends conventional linear thinking to provide a more nuanced understanding of the complex dynamics involved.

Findings

The findings reveal that antecedent configurations fostering high green innovation efficiency actually differ across various stages. First, there are three distinct configuration patterns that can enhance the green technology research and development (R&D) efficiency of enterprises, namely, digitally driven resource integration (RI), digitally driven resource synergy (RSy) and high resource orchestration capability. Then, the authors also identify three configuration patterns that can bolster the high green achievement transfer efficiency of enterprises, including a digitally optimized resource portfolio, digitally driven RSy and efficient RI. The findings not only contribute to advancing the resource orchestration theory in the digital ecosystem but also provide empirical evidence and practical insights to support the sustainable development of green innovation.

Practical implications

The findings can offer valuable insights for enterprise managers, providing decision-making guidance on effectively harnessing the innovation-driven value of internal and external resources through resource restructuring, bundling and leveraging, whether with or without the support of DT.

Social implications

The research findings contribute to heavy-polluting enterprises addressing the paradoxical tensions between digital transformation and resource constraints under environmental regulatory pressures. It aims to facilitate the simultaneous achievement of environmental and commercial success by enhancing their green innovation capabilities, ultimately leading to sustainability across profit and the environment.

Originality/value

Compared with previous literature, this research introduces a distinctive theoretical perspective, the resource orchestration view, to shed light on the paradoxical relationship on resource-occupancy between DT application and green innovation. It unveils the “black box” of how digitalization impacts green innovation efficiency from a more dynamic resource-based perspective. While most studies regard green innovation activities as a whole, this study delves into the impact of digitalization on green innovation within the distinct realms of green technology R&D and green achievement transfer, taking into account a two-stage value chain perspective. Finally, in contrast to previous literature that predominantly analyzes influence mechanisms through linear impact, the authors use configuration analysis to intricately unravel the complex influences arising from various combinatorial relationships of digitalization and resource orchestration behaviors on green innovation efficiency.

Details

Sustainability Accounting, Management and Policy Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2040-8021

Keywords

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