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Article
Publication date: 22 February 2024

Zhang GuoWei

The results indicate that land prices exert pressure on retail performance (RP) and that the enhancement of digital means has a positive effect on RP. Additionally, digital…

34

Abstract

Purpose

The results indicate that land prices exert pressure on retail performance (RP) and that the enhancement of digital means has a positive effect on RP. Additionally, digital instruments (DI) play a significant moderating role in the relationship between land prices and RP.

Design/methodology/approach

This paper empirically examines the impact of land prices on RP using panel data from 239 Chinese cities between 2011 and 2022.

Findings

The use of lagged land prices as instrumental variables effectively alleviates endogeneity issues. Both two-stage least squares (2SLS) and generalized method of moments (GMM) regression results suggest that higher land prices are associated with improved RP. Further analysis reveals that the increase in land prices leads to scale effects, structural effects and technological effects, contributing to the enhancement of RP. The impact of land prices on RP becomes more pronounced in larger cities and economically developed regions experience the pressure from land prices earlier.

Originality/value

The findings of this study have practical implications for discussions on retail industry development, site selection for retail businesses and the establishment of sustainable mechanisms for expanding domestic demand.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

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Article
Publication date: 22 November 2024

Qingyu Shi, Jingyu Yu, Lifei Zhang, Jingfeng Wang and Guowei Cheng

The construction industry has experienced an irreversible digital transformation to smart construction. Many countries have published supporting policies to encourage the…

76

Abstract

Purpose

The construction industry has experienced an irreversible digital transformation to smart construction. Many countries have published supporting policies to encourage the development of smart construction. However, there is no universally valid approach. This paper thus aims to evaluate smart construction policies issued by 24 pilot cities in China and identify applicable policy tools and their impact.

Design/methodology/approach

This paper collected 33 governmental documents on smart construction through the official websites in China. Different policy tools were classified into supply-side, demand-side and environment-side categories. The supporting policies of smart construction development in pilot cities were quantitatively evaluated by using a policy modeling consistency index (PMC-index) model.

Findings

Supply-type and environment-type policy instruments were used more frequently than demand-type policies in 24 pilot cities. Most of the 24 pilot cities had an evaluation of PMC-index over 8, realizing the consistency of smart construction policies. Eight pilot cities had an evaluation of PMC-index of 6–7.99, realizing acceptable consistency. Only Foshan City has an evaluation of PMC-index below 4, which may reflect a poor consistency of policy implementation. The paper proposes consistencies of smart construction policies of 24 pilot cities and valid policy instruments, including the presale of commercial residential buildings, additional bonus points in the tendering process and cooperating with multiple departments when promoting smart construction.

Originality/value

This paper contributes to expanding policy evaluation studies in the smart construction field and provides concrete suggestions for policymakers to formulate more effective and specific policies and strategies for the development of smart construction.

Details

Engineering, Construction and Architectural Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0969-9988

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Article
Publication date: 22 October 2024

Nisit Panthamit, Chukiet Chaiboonsri, Pimonpun Boonyasana, Chira Bureecam and Guowei Tian

The purpose of this study is to evaluate the use of a parallel market mechanism in forecasting the exchange rate of Myanmar Kyat (MMK) after the 2021 Myanmar coup. This paper…

50

Abstract

Purpose

The purpose of this study is to evaluate the use of a parallel market mechanism in forecasting the exchange rate of Myanmar Kyat (MMK) after the 2021 Myanmar coup. This paper seeks to answer how an official fixed exchange rate is influenced by a parallel market rate during the military coup. This study demonstrates both the benefit of understanding the impact of a market mechanism and the unique value of leveraging deep learning (DL).

Design/methodology/approach

This study applies DL for the first time to forecast the daily official exchange rates and parallel exchange rates, covering the period January 5, 2021–August 22, 2022. This study shows the insights available from forecasting the market exchange rate of MMK in parallel markets that are sensitive to political changes for Myanmar.

Findings

After the February 2021 military coup in Myanmar, the subsequent use of an untrusted exchange rate system in Myanmar resulted in a sharp gap between the official and the parallel exchange rates. The study shows that the actual forecasting of exchange rates is primarily a reflection of an active market mechanism rather than official exchange rates set by the monetary authorities.

Originality/value

No previous study has forecast the exchange rate of Myanmar since the latest Myanmar coup in 2021. This study contributes crucial predictions, provides a robust technique “deep learning”.

Details

Journal of Economic Studies, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0144-3585

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Article
Publication date: 23 January 2025

Ningning Cui and Jianyu Zhang

The profound impact of the COVID-19 pandemic on the film industry has underscored the growing significance of online movies. However, there is limited research available on the…

17

Abstract

Purpose

The profound impact of the COVID-19 pandemic on the film industry has underscored the growing significance of online movies. However, there is limited research available on the factors that influence the viewership of online films. Therefore, this study aims to use the signaling theory to investigate how signals of varying qualities affect online movie viewership, considering both signal transmission costs and prices.

Design/methodology/approach

This study uses a sample of 1,071 online movies released on the iQiyi from July 2020 to July 2022. It uses OLS regression and instrumental variable method to examine the impact of various quality indicators on the viewership of online movies, as well as the moderating effect of price.

Findings

After conducting a thorough analysis of this study, it can be deduced that the varying impacts on online movie viewership are attributed to disparities in signal transmission costs. Specifically, star influence and rating exhibit a positive effect on the viewership of online movies, whereas the number of raters has a detrimental impact. Furthermore, there exists an “inverted U-shaped” relationship between the number of reviews and online movie viewership. Additionally, within the consumer decision-making process, both price-cost and price-quality relationships coexist. This is evident as prices negatively affect online movie viewership but positively moderate the relationship between rating, number of reviews and online movie viewership.

Originality/value

The research findings of this study offer valuable insights for online film producers to effectively leverage quality signals and pricing, thereby capturing market attention and enhancing film profitability.

Details

Nankai Business Review International, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2040-8749

Keywords

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