Tong Tong, Tarlok Singh, Bin Li and Lewis Liu
This paper aims to investigate the primary motivations for China’s outward foreign direct investment (ODI) decisions.
Abstract
Purpose
This paper aims to investigate the primary motivations for China’s outward foreign direct investment (ODI) decisions.
Design/methodology/approach
Using a panel data sample covering the period 2003–2012 and a comprehensive set of 176 host countries.
Findings
This study finds that market size, trade variables and natural resource variables are strongly related to the Chinese ODI stocks. This indicates that Chinese ODI decisions are driven by both market- and resource-seeking motives. The subperiod sample test results lend even stronger support to the market-seeking motive for ODI.
Originality/value
These results seem to emerge from the policy changes that were undertaken during the sample period. Consistent with subgroup tests, this study finds that the main purposes of China’s ODI in the top 100 countries are natural resource explorations and production line replacements.
Details
Keywords
The emergence of business information resources and services on the Internet is discussed and its impact on business librarianship. Important resources in various business areas…
Abstract
The emergence of business information resources and services on the Internet is discussed and its impact on business librarianship. Important resources in various business areas are identified, such as economics, finance, marketing, international business, and real estate. It is argued that business information on the Internet has become a very important part of business information services and that it poses great challenges to business librarianship. Subject knowledge in business has become increasingly crucial for business librarians to effectively identify, evaluate, select, and organise business information on the Internet. Without subject knowledge, or with a lack of subject knowledge in business, business librarians will not be able to maintain the quality of business information services. The article further argues that, given the fact that a large percentage of business librarians in the USA do not have formal training in business, it is time for library and information science schools and libraries to address this issue by setting high standards for recruiting instructors in business information and by setting high standards for employing business librarians.
Details
Keywords
Nurhastuti Kesumo Wardhani, Robert Faff, Lewis Liu and Zairihan Abdul Halim
This research aims to investigate the disciplinary functions of depositors and subordinated debt holders within Indonesia's dual banking system, examining the impact of regulatory…
Abstract
Purpose
This research aims to investigate the disciplinary functions of depositors and subordinated debt holders within Indonesia's dual banking system, examining the impact of regulatory changes on market discipline.
Design/methodology/approach
The study employs a comprehensive analysis of the dual banking system in Indonesia over 15 years. Utilizing a non-public dataset from the Financial Services Authority and the Indonesia Deposit Insurance Corporation, the study employs propensity score matching and difference-in-differences analysis.
Findings
The findings reveal distinct patterns in the exercise of market discipline by depositors over different regulatory regimes. During the blanket guarantee regime (2002–2005), depositors lacked the incentive to monitor banks but resumed their disciplinary role under the limited guarantee regime (2005–2017). Islamic banks faced simultaneous market and regulatory discipline, with market discipline prevailing.
Originality/value
This study contributes to the literature by providing novel insights into the interplay between regulatory changes, market discipline and depositor behavior within Indonesia's dual banking system. The utilization of a comprehensive non-public dataset from regulatory authorities adds to the originality of the research.
Details
Keywords
Lewis G. Liu and Richard Holowczak
Reuters 3000 Xtra is a real‐time and interactive global news and financial information service that covers the equity market, bond market, foreign currency and money market, and…
Abstract
Reuters 3000 Xtra is a real‐time and interactive global news and financial information service that covers the equity market, bond market, foreign currency and money market, and various derivative markets. While there are hundreds of business schools in the USA, only a handful of schools have established real‐time financial and trading services for educational purposes. Currently only six schools are equipped with such services in the USA. The Subotnick Financial Services Center at the Zicklin School of Business of the City University of New York is the only real‐time trading facility for education in New York City. Given the many advantages of educating and training students using simulation of real‐time trading, the number of business schools that are considering acquiring such services is bound to increase. The emerging issue is how to use services such as Reuters 3000 Xtra to provide financial information education for students, faculty members, and potential traders. This article covers some important features of Reuters 3000 Xtra and illustrates how it may be used to provide financial information education. This article specifically discusses the use of Reuters Instruction Code (RIC), Speed Guide, Model Browser, and PowerPlus Pro to access, retrieve, organise, display, and analyse real‐time data. Furthermore, this article demonstrates taking advantage of the real‐time data feed to test the portfolio diversification theory by developing a diversified portfolio in the equity market. It is our hope that students, faculty members, business librarians, business information specialists and financial portfolio managers who are involved in Reuters 3000 Xtra training and teaching will benefit from this article.
Details
Keywords
Hao Li, Jialin Sun and Guotang Zhao
With the help of multi-body dynamics software UM, the paper uses Kik–Piotrowski model to simulate wheel-rail contact and Archard wear model for rail wear.
Abstract
Purpose
With the help of multi-body dynamics software UM, the paper uses Kik–Piotrowski model to simulate wheel-rail contact and Archard wear model for rail wear.
Design/methodology/approach
The CRH5 vehicle-track coupling dynamics model is constructed for the wear study of rails of small radius curves, namely 200 and 350 m in Guangzhou East EMU Depot and those 250 and 300 m radius in Taiyuan South EMU Depot.
Findings
Results show that the rail wear at the straight-circle point, the curve center point and the circle-straight point follows the order of center point > the circle-straight point > the straight-circle point. The wear on rail of small radius curves intensifies with the rise of running speed, and the wearing trend tends to fasten as the curve radius declines. The maximum rail wear of the inner rail can reach 2.29 mm, while that of the outer rail, 10.11 mm.
Originality/value
With the increase of the train passing number, the wear range tends to expand. The rail wear decreases with the increase of the curve radius. The dynamic response of vehicle increases with the increase of rail wear, among which the derailment coefficient is affected the most. When the number of passing vehicles reaches 1 million, the derailment coefficient exceeds the limit value, which poses a risk of derailment.
Details
Keywords
Abiodun I. Ibraheem, Christopher Devine and Safiyyah Scott
This study aimed to use both quantitative and qualitative methods for assessing Saudi Arabian students’ experiences in using the library of a small American university and to…
Abstract
Purpose
This study aimed to use both quantitative and qualitative methods for assessing Saudi Arabian students’ experiences in using the library of a small American university and to compare the findings against those of a representative sample of American classmates.
Design/methodology/approach
The project used a paper survey in querying 164 Saudi Arabian and 273 American students studying at Robert Morris University in 2017.
Findings
The study found that Saudi subjects were much more likely to believe that their informational needs were misunderstood by librarians than American participants in the survey.
Research limitations/implications
Poor participation in the qualitative phase limited, to some degree, the interpretation that could be carried out of the study’s quantitative results.
Practical implications
The study’s findings strongly reveal the need for libraries and librarians to highly prioritize effective communication when providing service to international students.
Originality/value
This is only the second study to ever focus on the library experiences of Saudi Arabian students in American academic libraries, and it is the first to concentrate on the subjective aspect of understanding between librarians and international students. It is of value to library administrators, as well as librarians and library staff who interact with international students.
Details
Keywords
Why did some individuals have relatively little trouble balancing work and home demands during the COVID-19 lockdown, while others felt overwhelmed? Although ample studies have…
Abstract
Purpose
Why did some individuals have relatively little trouble balancing work and home demands during the COVID-19 lockdown, while others felt overwhelmed? Although ample studies have recently been generated regarding COVID-19 employment challenges, this question has not yet received sufficient scholarly attention. This research integrates work–home conflict theories with the paradox-mindset framework, in order to suggest a new theoretical approach for understanding individual differences in addressing work–home conflict.
Design/methodology/approach
During the first two weeks of the COVID-19 epidemic in Israel, the author gathered 117 completed questionnaires from their colleagues in the Israeli higher-education system, who were working remotely and teaching online during the lockdown imposed to control the epidemic. Based on a path-model analysis, the author examined whether their experiences of strain and tension in the work domain might be indirectly and positively associated with workplace outcomes via positive associations between these experiences and paradox mindset, as well as negative associations between paradox mindset and work-to-home conflict (WTH) and home-to-work (HTW) conflict.
Findings
The study findings highlight the beneficial effect of paradox mindset on the experience of work–home conflict and its outcomes. Although working remotely has great potential to increase the strain and tension experienced by employees, applying a paradox mindset reduces the experience of work–home conflict and is positively associated with certain work outcomes.
Originality/value
This research integrates work–home conflict theories with the paradox-mindset framework. The beneficial effects of a paradox mindset on the experience of work–home conflict and its outcomes are highlighted.
Details
Keywords
Hsin-Hsien Liu and Hsuan-Yi Chou
Taking a mental accounting theory perspective, this study explores how pricing strategy (all-inclusive vs partitioned) influences consumers' perceived residual value of a product…
Abstract
Purpose
Taking a mental accounting theory perspective, this study explores how pricing strategy (all-inclusive vs partitioned) influences consumers' perceived residual value of a product and their subsequent intentions to upgrade to a newer model.
Design/methodology/approach
A pilot study and two formal experiments were conducted to test the hypotheses.
Findings
A partitioned (vs all-inclusive) price causes consumers to later recall a lower total cost and perceive lower residual value for the existing product, thereby increasing upgrade intentions. This finding holds for both utilitarian and hedonic products. Perceived residual value mediates the impact of the pricing strategy on upgrade intentions. The pricing strategy effect is stronger for state-oriented individuals than for action-oriented individuals.
Originality/value
This study extends understanding of the impact of pricing strategies from consumers' short-term immediate demand to long-term upgrade intentions. It also identifies a previously uninvestigated moderator (action-state orientation), clarifying the boundary conditions of pricing strategy effects. The study's conceptual framework links pricing strategy, sunk costs, perceived residual value and upgrade intentions, providing rich insights and potential research paths. These findings further enhance understanding of upgrade intentions.
Details
Keywords
Frauke Mattison Thompson and Sven Tuzovic
The purpose of this study is to investigate the extent to which loyalty programs can prevent switching, and how individual level cultural values impact this. Loyalty programs are…
Abstract
Purpose
The purpose of this study is to investigate the extent to which loyalty programs can prevent switching, and how individual level cultural values impact this. Loyalty programs are designed to create switching costs, which reduce customers’ desire to leave. However, in practice, these programs are often misapplied; that is, most companies inadvertently treat all customers as equal. While ample research has examined the role of loyalty reward programs in facilitating customer loyalty, little is known about the extent to which individual-level cultural values moderate customer loyalty measures of trust and affective commitment and how this impacts the effectiveness of loyalty programs; that is, consumers’ intentions to “stick” with the program or to switch.
Design/methodology/approach
This study uses a quasi-experiment combined with an extensive survey to collect the data.
Findings
Based on data collected from one industrial country and four emerging countries, the results show that loyalty programs do not universally prevent switching behavior. Instead, this study finds that individual-level uncertainty avoidance and collectivist values significantly moderate the effects.
Originality/value
This study helps advance the understanding of how international retailers can increase their loyalty program effectiveness and reduce customer switching to competitors.
Details
Keywords
Liangliang Liu, Miaomiao Lv and Wenqing Zhang
The purpose of this paper is to analyze whether and how intergovernmental fiscal transfers (IFTs) affect technological innovation.
Abstract
Purpose
The purpose of this paper is to analyze whether and how intergovernmental fiscal transfers (IFTs) affect technological innovation.
Design/methodology/approach
China’s provincial panel data from 2007 to 2019 are used in an empirical study to examine the effect of IFTs on technological innovation and the role of fiscal spending policy in the relationship between the two by using the spatial Durbin model.
Findings
Results show an evident spatial correlation for the effect of IFTs on technological innovation, indicating that IFTs have a significant negative influence on technological innovation in local and surrounding regions. IFTs also inhibit technological innovation by negatively affecting science and technology spending and education spending.
Research limitations/implications
These findings can aid policymakers in advancing technological innovation by improving the system of fiscal transfers and optimizing the structure of fiscal spending.
Originality/value
Although the determinants of technological innovation have been analyzed, no studies have investigated the effect of IFTs on technological innovation. Thus, this paper aims to address this gap.