Ya-Fei Liu, Yu-Bo Zhu, Hou-Han Wu and Fangxuan (Sam) Li
This study aims to explore the differences in the tourists’ perceived destination image on travel e-commerce platforms (e.g. Ctrip and Fliggy) and social media platforms (e.g…
Abstract
Purpose
This study aims to explore the differences in the tourists’ perceived destination image on travel e-commerce platforms (e.g. Ctrip and Fliggy) and social media platforms (e.g. Xiaohongshu and Weibo).
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Shiyang Hu, Chunyan Wei, Rui Xue, Liang Yin and Bo Zhu
This paper examines the effect of board reforms on managerial risk-taking incentive provision in state-owned enterprises (SOEs) whose managers are undue risk-averse.
Abstract
Purpose
This paper examines the effect of board reforms on managerial risk-taking incentive provision in state-owned enterprises (SOEs) whose managers are undue risk-averse.
Design/methodology/approach
We use the staggered implementation of board reforms in Chinese central government-controlled state-owned enterprises (CSOEs) as an exogenous shock to board governance. We collect data on board reforms for a set of pilot CSOEs during the period 2005 to 2020 from the State-owned Assets Supervision and Administration Commission (SASAC) website by hand. We use a generalized difference-in-difference (DID) design to test the effect of staggered board reform adoption on managerial risk-taking incentive provision.
Findings
We find a positive relationship between board reforms and risk-taking inventive provision, i.e. pay-performance sensitivity, promotion-performance sensitivity and performance target difficulty. The documented relationship is stronger when the value of risk-taking is higher. We also find that board reforms lead to greater risky but value-enhancing investments and that managerial risk-taking incentive provision acts as an important channel through which board reforms improve value-enhancing risk-taking.
Originality/value
Our findings suggest that board reforms that improve board governance are effective in addressing risk-related agency conflicts in emerging markets. The findings also highlight the importance of managerial risk-taking incentive provision in inducing risky but value-enhancing investments.
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Wen-Qian Lou, Bin Wu and Bo-Wen Zhu
This study aims to clarify influencing factors of overcapacity of new energy enterprises in China and accurately predict whether these enterprises have overcapacity.
Abstract
Purpose
This study aims to clarify influencing factors of overcapacity of new energy enterprises in China and accurately predict whether these enterprises have overcapacity.
Design/methodology/approach
Based on relevant data including the experience and evidence from the capital market in China, the research establishes a generic univariate selection-comparative machine learning model to study relevant factors that affect overcapacity of new energy enterprises from five dimensions. These include the governmental intervention, market demand, corporate finance, corporate governance and corporate decision. Moreover, the bridging approach is used to strengthen findings from quantitative studies via the results from qualitative studies.
Findings
The authors' results show that the overcapacity of new energy enterprises in China is brought out by the combined effect of governmental intervention corporate governance and corporate decision. Governmental interventions increase the overcapacity risk of new energy enterprises mainly by distorting investment behaviors of enterprises. Corporate decision and corporate governance factors affect the overcapacity mainly by regulating the degree of overconfidence of the management team and the agency cost. Among the eight comparable integrated models, generic univariate selection-bagging exhibits the optimal comprehensive generalization performance and its area under the receiver operating characteristic curve Area under curve (AUC) accuracy precision and recall are 0.719, 0.960, 0.975 and 0.983, respectively.
Originality/value
The proposed integrated model analyzes causes and predicts presence of overcapacity of new energy enterprises to help governments to formulate appropriate strategies to deal with overcapacity and new energy enterprises to optimize resource allocation. Ten main features which affect the overcapacity of new energy enterprises in China are identified through generic univariate selection model. Through the bridging approach, the impact of the main features on the overcapacity of new energy enterprises and the mechanism of the influence are analyzed.
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Fahad K. Alkhaldi and Mohamed Sayed Abou Elseoud
The current chapter proposes a theoretical framework to assess the sustainability of economic growth in the Gulf Cooperation Council (GCC) States. The authors integrate insights…
Abstract
The current chapter proposes a theoretical framework to assess the sustainability of economic growth in the Gulf Cooperation Council (GCC) States. The authors integrate insights from endogenous growth models and consider the unique socioeconomic characteristics of the GCC region to provide a comprehensive and tailored approach to understanding the determinants of economic growth and formulating effective policy measures to foster sustainable development and growth. This chapter highlights the environmental challenges faced by GCC; based on this, the authors suggested indicators to construct a theoretical framework (Economic Growth, Climatic Indicators, Energy Indicators, Social Indicators, and Economic Resources Indicators). The authors propose that policymakers and researchers in GCC States should take these factors into account when devising policies or conducting research aimed at fostering sustainable economic growth. Overall, this chapter presents significant insights for policymakers, researchers, and stakeholders involved in promoting the sustainable economic advancement of the GCC States.
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Yurong Liu, Xinxin Lu, Zhengde Xiong, Bo Wang, Zhu Yao and Lingna Luo
User value co-creation behaviors are crucial for the sustainable development of Virtual Brand Communities. This research, grounded in social exchange theory, investigates the…
Abstract
Purpose
User value co-creation behaviors are crucial for the sustainable development of Virtual Brand Communities. This research, grounded in social exchange theory, investigates the impact of community satisfaction and identification on customer value co-creation behaviors and further explores how the reciprocity norm moderates these relationships.
Design/methodology/approach
Our research data were collected from users across multiple brand communities, totaling 481 survey responses. Structural equation modeling was performed to test the research hypotheses.
Findings
These results provide in-depth insights into the nexus between user-community relationships and customer value co-creation behaviors. While community satisfaction and identification positively influence co-creation, their effects vary across different value co-creation behaviors. Notably, the reciprocity norm within the community dampens the relationship between community satisfaction and value co-creation behaviors.
Originality/value
Unlike previous studies focusing on customer value co-creation behaviors, our research emphasizes social exchange, unveiling the mechanisms behind customer value co-creation. Our findings not only enrich the body of knowledge on customer value co-creation but also deepen our understanding of online collective behavior and knowledge sharing, offering valuable insights for the development of virtual communities.
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Yunhai Liu, Penghui Xu, Xiaohua Zhu, Ligao Liu, Bo Li and Qingquan Li
Two friction models of Fe-Fe and Diamond-like carbon (DLC)-Fe were established by molecular dynamics (MD) method to simulate the friction behavior of traditional fracturing pump…
Abstract
Purpose
Two friction models of Fe-Fe and Diamond-like carbon (DLC)-Fe were established by molecular dynamics (MD) method to simulate the friction behavior of traditional fracturing pump plunger and new DLC plunger from atomic scale. This paper aims to investigate the effects of temperature and load on the friction behavior between sealed nitrile butadiene rubber (NBR) and DLC films.
Design/methodology/approach
In this study, MD method is used to investigate the friction behavior and mechanism of DLC film on plungers and sealing NBR based on Fe-Fe system and DLC-Fe system.
Findings
The results show that the friction coefficient of DLC-Fe system exhibits a downward trend with increasing load and temperature. And even achieve a superlubricity state of 0.005 when the load is 1 GPa. Further research revealed that the low interaction energy between DLC and NBR promoted the proportion of atoms with larger shear strain in NBR matrix and the lower Fe layer in DLC-Fe system to be much lower than that in Fe-Fe system. In addition, the application of DLC film can effectively inhibit the temperature rise of friction interface, but will occur relatively large peak velocity.
Originality/value
In this paper, two MD models were established to simulate the friction behavior between fracturing pump plunger and sealing rubber. Through the analysis of mean square displacement, atomic temperature, velocity and Interaction energy, it can be seen that the application of DLC film has a positive effect on reducing the friction of NBR.
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Xiaolin Sun, Jiawen Zhu, Huigang Liang, Yajiong Xue and Bo Yao
As after-hours technology-mediated work (ATW) becomes common in organizations, the increased workload and interference to life caused by ATW has induced employee turnover. This…
Abstract
Purpose
As after-hours technology-mediated work (ATW) becomes common in organizations, the increased workload and interference to life caused by ATW has induced employee turnover. This research develops a mediated moderation model to explain how employees' intrinsic and extrinsic motivations for ATW affect their turnover intention through work–life conflict.
Design/methodology/approach
A survey was conducted to collect data of 484 employees from Chinese companies. Partial Least Square was used to perform data analysis.
Findings
The results show that intrinsic motivation for ATW has an indirect negative impact on turnover intention via work–life conflict, whereas extrinsic motivation for ATW has both a positive direct impact and a positive indirect impact (via work–life conflict) on turnover intention. This study also helps find that time spent on ATW can strengthen the positive impact of extrinsic motivation for ATW on turnover intention but has no moderation effect on the impact of intrinsic motivation for ATW. Furthermore, this study reveals that the interaction effect of time spent on ATW and extrinsic motivation on turnover intention is mediated by employees' perceived work–life conflict.
Originality/value
By discovering the distinct impact of employees' intrinsic and extrinsic motivations for ATW on turnover intention, this research provides a contingent view regarding the impact of ATW and offers guidance to managers regarding how to mitigate ATW-induced turnover intention through fostering different motivations.
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Jiaojiao Xu and Sijun Bai
The critical chain project buffer monitor process addresses uncertainty and variability in project duration. However, classical buffer monitor methods only consider buffer…
Abstract
Purpose
The critical chain project buffer monitor process addresses uncertainty and variability in project duration. However, classical buffer monitor methods only consider buffer consumption, while the dynamic allocation of buffer zones and the buffer consumption trend of activities are ignored. This paper presents the innovative framework for dynamic monitoring of project buffer which covers the dynamic buffer allocation, predictive analytics of buffer utilization and a new monitoring technique based on control chart graph.
Design/methodology/approach
First, a dynamically buffer allocation model is framed, and buffer zones are given to the activities considering risks. Then, a predictive model amalgamating Bayesian Optimization, Convolutional Neural Networks, and Long Short-Term Memory networks (BO-CNN-LSTM) is framed. Finally, a new buffer monitor framework is constructed that takes into account historical information about buffer usage and utilizes two thresholds derived from control chart theory.
Findings
This approach is empirically tested on a representative agricultural website project in China. The results show that, first, the dynamic buffer allocation makes better use of the project buffer, reduces buffer waste and increases the possibility of timely completion of the project. Second, the BO-CNN-LSTM model predicts better than Long Short-Term Memory (LSTM) and Grey Neural Network Model (GNNM), providing project managers with new management insights and perspectives. Third, the novel monitoring procedure makes the leveraging of historical data possible in the control of the schedule deviations, allowing for more timely interventions in the course of the implementation of the project.
Originality/value
A new project buffer monitoring method suitable for uncertain project environments is proposed.
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Bo Zhang, Shengjun Wang and Ruixue Zhou
This paper examines the impact of corporate digital transformation on employee satisfaction. Therefore, this study extends our understanding of the economic consequences of…
Abstract
Purpose
This paper examines the impact of corporate digital transformation on employee satisfaction. Therefore, this study extends our understanding of the economic consequences of corporate digital transformation from employees’ perspectives.
Design/methodology/approach
The data used to construct our main proxy of employee satisfaction are collected from Kanzhun.com, which provides reviews by rank-and-file employees on their employers. This study uses a large sample of Chinese firms and adopts various empirical methods to examine the impact of digital transformation on employee satisfaction.
Findings
We find a significant positive relationship between corporate digital transformation and employee satisfaction. Moreover, we document that the relationship between corporate digital transformation and employee satisfaction is more pronounced in firms with higher labor intensity and in state-owned enterprises (SOE).
Research limitations/implications
One significant limitation is that corporate digital transformation is constructed based on word frequency analysis. This approach may be influenced by variations in corporate disclosure practices and might not accurately capture the true extent of corporate digital transformation. This limitation is not only present in our research but is also pervasive in many other studies that utilize similar methodologies. Therefore, our results should be interpreted with this caveat in mind.
Practical implications
Our study suggests that corporate digital transformation enhances employee satisfaction, providing direct evidence for managers and regulators to promote corporate digital transformation. Through digital transformation, companies can not only improve operational efficiency but also foster employee satisfaction. This dual benefit underscores the importance of investing in corporate digital transformation for long-term success.
Social implications
Our study suggests that corporate digital transformation enhances employee satisfaction, providing direct evidence for managers and regulators to promote corporate digital transformation. Through digital transformation, companies can not only improve operational efficiency but also foster employee satisfaction. This dual benefit underscores the importance of investing in corporate digital transformation for long-term success.
Originality/value
Our study contributes to the literature on the economic consequences of corporate digital transformation and extends existing research on the determinants of employee satisfaction. Additionally, it provides a novel measurement of employee satisfaction for a large sample of Chinese firms.
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Abstract
Purpose
The purpose of this study is to examine the effect of collaborative innovation networks on new product development (NPD) performance in small and medium-sized enterprises (SMEs). It also investigates the mediating role of business model innovation and moderating role of collaboration experience and external information technology (IT) capability in the above relationship.
Design/methodology/approach
To test the research hypotheses about the relationships above, survey data were collected from 209 Chinese manufacturing SMEs. Multiple hierarchical regressions analysis was used to examine the hypotheses.
Findings
Results reveal that collaborative innovation networks have positive impacts on NPD performance in SMEs. Moreover, business model innovation mediates and collaboration experience and external IT capability positively moderate the relationship between collaborative innovation networks and NPD performance in SMEs.
Originality/value
This study paints a more complete picture of the relationship between collaborative innovation networks and NPD performance in SMEs and advances the understanding of how and when SMEs enhance their NPD performance through collaborative innovation networks.