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Article
Publication date: 17 August 2023

Jiawen Chen, Pengfei Li and Linlin Liu

This study aims to examine the employment practices of family firms in emerging markets. Drawing from the social exchange theory, the authors propose that transgenerational…

Abstract

Purpose

This study aims to examine the employment practices of family firms in emerging markets. Drawing from the social exchange theory, the authors propose that transgenerational control intention enhances the motivation for family owners to engage in favorable employment practices as inducement for future contribution of employees.

Design/methodology/approach

Multilevel regression models were applied to test the hypotheses with a sample of 3033 Chinese private family firms.

Findings

The results show that the employment practices of family firms are positively associated with transgenerational control intention, and the effect of transgenerational control intention is contingent on regional social trust.

Originality/value

This study highlights the role of transgenerational control intention of family owners in motivating favorable employment in family firms. The study adds nuance to the variances in employment behaviors of family firms as well as the family owner-employee exchange relationship in emerging markets.

Details

International Journal of Emerging Markets, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 6 August 2024

Jinshuai Xie, Lei Tang, Pengfei Gao, Zhengquan Zhang and Liangfeng Li

This paper aims to study the effect of different Ni content on the microstructure and properties of Sn-0.7Cu alloy. Then, the spreading area, wetting angle, interface layer…

41

Abstract

Purpose

This paper aims to study the effect of different Ni content on the microstructure and properties of Sn-0.7Cu alloy. Then, the spreading area, wetting angle, interface layer thickness and microstructure of the soldering interface was observed and analyzed at different soldering temperatures and times.

Design/methodology/approach

Sn-0.7Cu-xNi solder alloy was prepared by a high-frequency induction melting furnace. Then Sn-0.7Cu-xNi alloy was soldered on a Cu substrate at different soldering temperatures and times.

Findings

It was found that Ni made the intermetallic compounds in the Sn-0.7Cu solder alloy gradually aggregate and coarsen, and the microstructure was refined. The phase compositions of the solder alloy are mainly composed of the ß-Sn phase and a few intermetallic compounds, Cu6Sn5 + (Cu, Ni)6Sn5. The maximum value of 12.1 HV is reached when the Ni content is 0.1 Wt.%. When the Ni content is 0.5 Wt.%, the wettability of the solder alloy increases by about 15%, the interface thickness increases by about 8.9% and the scallop-like structure is the most refined. When the soldering time is 10 min and the soldering temperature is 280 °C, the wettability of Sn-0.7Cu-0.2Ni is the best.

Originality/value

It is groundbreaking to combine the change in soldering interface with the soldering industry. The effects of different soldering temperatures and times on the Sn-0.7Cu-xNi alloy were studied. Under the same conditions, Sn-0.7Cu-0.2Ni exhibits better wettability and more stable solder joint stability.

Details

Soldering & Surface Mount Technology, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0954-0911

Keywords

Article
Publication date: 22 January 2025

Xiulu Huang, Chuxiong Tang, Yichao Liu and Pengfei Ge

This paper aims to unveil the greenwashing intention of green bonds issuing in Chinese enterprises through the lens of stock pricing efficiency.

Abstract

Purpose

This paper aims to unveil the greenwashing intention of green bonds issuing in Chinese enterprises through the lens of stock pricing efficiency.

Design/methodology/approach

Drawing on data of Chinese listed companies during 2012–2021, this study uses a difference-in-differences method to study how and through what mechanisms issuing green bonds impacts stock pricing efficiency.

Findings

Issuing green bonds lowers stock pricing efficiency, verifying the greenwashing intention of green bonds in China. Potential mechanisms underlie the increased investor attention and sentiment resulting from the information disclosures about corporate green and low-carbon development. This greenwashing issue is more pronounced in firms facing lower financing constraints, having stronger relations with the government, and located in highly marketized regions. In the context of uncertainty surrounding economic policies, especially trade policies, issuing green bonds can signal a weakening of the greenwashing effect.

Practical implications

The quality of information disclosure should be emphasized to ensure a substantive commitment to environmental responsibility signaled by green bond issuance, thereby mitigating greenwashing concerns.

Social implications

Regulators and standard-setters should improve the issuance system for green bonds and promote the sustainable development of the green bond market through formulating unified certification criteria for green bonds and implementing a stringently periodic reporting system.

Originality/value

First, to the best of the authors’ knowledge, it is the first study to draw on the quality of information disclosure and the perspective of stock pricing efficiency to identify whether firms issuing green bonds engage in greenwashing. Second, the study uncovers the black-box underlying this greenwashing issue through investor attention and sentiment and examines further the moderating role of economic policy uncertainties.

Details

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

Keywords

Article
Publication date: 26 June 2023

Pengfei Ge, Xiaoxu Wu, Bole Zhou and Xianfeng Han

This study aims to determine how and through what mechanisms the outward foreign direct investment (OFDI) promotion effect of the Belt and Road initiative (BRI-OFDI) affects…

Abstract

Purpose

This study aims to determine how and through what mechanisms the outward foreign direct investment (OFDI) promotion effect of the Belt and Road initiative (BRI-OFDI) affects domestic investment. It is motivated by the context that China is fostering a new development pattern, as well as by the impetus from the Belt and Road initiative for the new pattern.

Design/methodology/approach

Drawing on data of Chinese-listed companies, this study uses a difference-in-difference method to explore the effect of the BRI-OFDI on domestic investment and a mediation model to illustrate the mechanisms.

Findings

The BRI-OFDI has a significantly positive effect on domestic investment, meaning that the Belt and Road initiative's OFDI promotion effect crowds in domestic investment. The results are heterogeneous: the crowding-in effect mainly exists in non-state-owned and technology-intensive enterprises, while a crowding-out effect is seen in state-owned and labor-intensive enterprises. The easing of corporate financing constraints and the expansion of market demand are two important mechanisms.

Originality/value

This study uses the Belt and Road initiative as an exogenous shock to investigate the impact of the initiative-induced OFDI promotion effect on domestic investment. It addresses the potential endogeneity issue confronting the studies on the relationship between OFDI and domestic investment in the literature. The authors focus on the possible spillover effects of the Belt and Road initiative discussing the impact of the BRI-OFDI on domestic investment from the micro-firm perspective. It offers a new perspective to objectively assess the initiative's policy effect.

Details

International Journal of Emerging Markets, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 5 December 2024

Guozhen Liu, Liu Wang, Chuang Liu, Pengfei Bai, Tieming Liu, Chunping Wei and Zhang Yi

This study aims to investigate the sealing performance of reciprocating seals under the effect of rubber abrasion using ABAQUS simulation software, and to propose a prediction…

Abstract

Purpose

This study aims to investigate the sealing performance of reciprocating seals under the effect of rubber abrasion using ABAQUS simulation software, and to propose a prediction framework based on a hybrid algorithm (GA-PSO-BPNN) to predict the leakage of reciprocating seals of downhole gauging instrumentation under different working condition parameters.

Design/methodology/approach

The authors combined the UMESHMOTION user program with the improved Archard wear model to investigate reciprocating seal performance. GA and a PSO were proposed as ways to enhance the BPNN’s predictive model.

Findings

The results show that the impact of fluid pressure fluctuations on the wear of the seal lip is more pronounced during the rapid wear phase compared to the steady wear phase. Similarly, variations in compression rate have a greater impact on seal lip wear at different stages of wear. The GA-PSO-BPNN prediction model outperforms the single-prediction model in terms of prediction accuracy.

Originality/value

The authors investigated sealing performance through simulation software and propose a GA-PSO-BPNN-based fault diagnosis method for rotating machinery. To verify the accuracy of the prediction model, a reciprocating sealing test platform for gauge work cylinders is constructed.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/ILT-08-2024-0293/

Details

Industrial Lubrication and Tribology, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0036-8792

Keywords

Article
Publication date: 14 March 2023

Yosra Ghabri and Marjène Rabah Gana

Using vector autoregressive modelling (VAR) and Granger causality tests, this paper attempts to empirically investigate the dynamic relationship between return and volume of…

Abstract

Purpose

Using vector autoregressive modelling (VAR) and Granger causality tests, this paper attempts to empirically investigate the dynamic relationship between return and volume of transactions of two main cryptocurrencies: Bitcoin and Ethereum.

Design/methodology/approach

Based on a generalized autoregressive conditional heteroskedasticity (GARCH) model with a transaction volume parameter in the conditional volatility equation.

Findings

The results provide empirical evidence of a positive contemporaneous relationship between the variation in transaction volume and the daily return of Bitcoin and Ethereum. The results also show that the conditional volatility of the returns is affected by the past volatility, which implies weak-form inefficiency for both Bitcoin and Ethereum markets. The results of the VAR model, testing Granger causality, indicate that the volume of transactions Granger-Causes Bitcoin and Ethereum returns. Furthermore, the findings show a Granger causal relation from returns to volume.

Originality/value

This result suggests that cryptocurrency returns can predict transaction volumes and vice versa.

Details

Journal of Economic and Administrative Sciences, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2054-6238

Keywords

Article
Publication date: 24 November 2023

Wuhuan Xu, Zhong Yao, Dandan He and Ling Cao

Drawing on the pleasure-arousal-dominance (PAD) emotion model, the emotional states of consumers embedded in online reviews can be described through three dimensions, that is…

Abstract

Purpose

Drawing on the pleasure-arousal-dominance (PAD) emotion model, the emotional states of consumers embedded in online reviews can be described through three dimensions, that is, pleasure, arousal and dominance, rather than only the one-dimensional positive and negative polarity, as in previous studies. Therefore, this study aims to explore the effect of online review emotion on perceived review helpfulness based on these three basic emotional dimensions.

Design/methodology/approach

A lexicon-based method is developed to analyze PAD emotions of online reviews from JD.com. The zero-inflated negative binomial regression is utilized to empirically validate the study hypothesis. The authors examine the influence of pleasure, arousal, dominance, emotion diversity and emotion deviation on review helpfulness, as well as the moderating effect of product type on the relationship between all independent variables and online review helpfulness.

Findings

The study results show that the pleasure emotion impairs the helpfulness of online reviews, while the arousal and dominance emotions have a positive impact. Moreover, the authors find that compared with search products, the effects of pleasure, arousal and dominance on perceived helpfulness are strengthened for experience products. However, the emotional diversity and emotional deviation have opposite effects on the helpfulness of search products and experience products. Additionally, the results show that dominance emotion plays a more important role in the interaction effect.

Originality/value

The empirical findings confirm the applicability of PAD in the online review context and extend the existing knowledge of the influence of review emotion on helpfulness. A feasible scheme for extracting PAD variables from Chinese text is developed. The study findings also have significant implications for reviewers, merchants and platform managers of e-commerce websites.

Details

Aslib Journal of Information Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2050-3806

Keywords

Article
Publication date: 29 October 2024

Kai Wang, Xiang Wang, Chao Tan, Shijie Dong, Fang Zhao and Shiguo Lian

This study aims to streamline and enhance the assembly defect inspection process in diesel engine production. Traditional manual inspection methods are labor-intensive and…

Abstract

Purpose

This study aims to streamline and enhance the assembly defect inspection process in diesel engine production. Traditional manual inspection methods are labor-intensive and time-consuming because of the complex structures of the engines and the noisy workshop environment. This study’s robotic system aims to alleviate these challenges by automating the inspection process and enabling easy remote inspection, thereby freeing workers from heavy fieldwork.

Design/methodology/approach

This study’s system uses a robotic arm to traverse and capture images of key components of the engine. This study uses anomaly detection algorithms to automatically identify defects in the captured images. Additionally, this system is enhanced by digital twin technology, which provides inspectors with various tools to designate components of interest in the engine and assist in defect checking and annotation. This integration facilitates smooth transitions from manual to automatic inspection within a short period.

Findings

Through evaluations and user studies conducted over a relatively long period, the authors found that the system accelerates and improves the accuracy of engine inspections. The results indicate that the system significantly enhances the efficiency of production processes for manufacturers.

Originality/value

The system represents a novel approach to engine inspection, leveraging robotic technology and digital twin enhancements to address the limitations of traditional manual inspection methods. By automating and enhancing the inspection process, the system offers manufacturers the opportunity to improve production efficiency and ensure the quality of diesel engines.

Details

Industrial Robot: the international journal of robotics research and application, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0143-991X

Keywords

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