Search results
1 – 10 of 47Xiaojie Xu and Yun Zhang
Understandings of house prices and their interrelationships have undoubtedly drawn a great amount of attention from various market participants. This study aims to investigate the…
Abstract
Purpose
Understandings of house prices and their interrelationships have undoubtedly drawn a great amount of attention from various market participants. This study aims to investigate the monthly newly-built residential house price indices of seventy Chinese cities during a 10-year period spanning January 2011–December 2020 for understandings of issues related to their interdependence and synchronizations.
Design/methodology/approach
Analysis here is facilitated through network analysis together with topological and hierarchical characterizations of price comovements.
Findings
This study determines eight sectoral groups of cities whose house price indices are directly connected and the price synchronization within each group is higher than that at the national level, although each shows rather idiosyncratic patterns. Degrees of house price comovements are generally lower starting from 2018 at the national level and for the eight sectoral groups. Similarly, this study finds that the synchronization intensity associated with the house price index of each city generally switches to a lower level starting from early 2019.
Originality/value
Results here should be of use to policy design and analysis aiming at housing market evaluations and monitoring.
Details
Keywords
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.
Details
Keywords
Xiaoyue Chen, Bin Li, Tarlok Singh and Andrew C. Worthington
Motivated by the significant role of uncertainty in affecting investment decisions and China's economic leadership in Asia, this paper investigates the predictive role of exposure…
Abstract
Purpose
Motivated by the significant role of uncertainty in affecting investment decisions and China's economic leadership in Asia, this paper investigates the predictive role of exposure to Chinese economic policy uncertainty at the individual stock level in large Asian markets.
Design/methodology/approach
We estimate the monthly uncertainty exposure (beta) for each stock and then employ the portfolio-level sorting analysis to investigate the relationship between the China’s uncertainty exposure and the future returns of major Asian markets over multiple trading horizons. The raw returns of the high-minus-low portfolios are then adjusted using conventional asset pricing models to investigate whether the relationship is explained by common risk factors. Finally, we check the robustness of the portfolio-level results through firm-level Fama and MacBeth (1973) regressions.
Findings
Applying portfolio-level sorting analysis, we reveal that exposure to Chinese uncertainty is negatively related to the future returns of large stocks over multiple trading horizons in Japan, Hong Kong and India. We discover this is unexplained by common risk factors, including market, size, value, profitability, investment and momentum, and is robust to the specification of stock-level Fama and MacBeth (1973) regressions.
Research limitations/implications
Our analysis demonstrates the spillover effects of Chinese economic policy uncertainty across the region, provides evidence of China's emerging economic leadership, and offers trading strategies for managing uncertainty risks.
Originality/value
The findings of the study significantly improve our understanding of stock return predictability in Asian markets. Unlike previous studies, our results challenge the leading role of the US by providing a new intra-regional return predictor, namely, China’s uncertainty exposure. These results also evidence the continuing integration of the Asian economy and financial markets. However, contrary findings for some Asian markets point toward certain market-specific features. Compared with market-level research, our analysis provides deeper insights into the performance of individual stocks and is of particular importance to investors and other market participants.
Details
Keywords
Yanmin Zhou, Zheng Yan, Ye Yang, Zhipeng Wang, Ping Lu, Philip F. Yuan and Bin He
Vision, audition, olfactory, tactile and taste are five important senses that human uses to interact with the real world. As facing more and more complex environments, a sensing…
Abstract
Purpose
Vision, audition, olfactory, tactile and taste are five important senses that human uses to interact with the real world. As facing more and more complex environments, a sensing system is essential for intelligent robots with various types of sensors. To mimic human-like abilities, sensors similar to human perception capabilities are indispensable. However, most research only concentrated on analyzing literature on single-modal sensors and their robotics application.
Design/methodology/approach
This study presents a systematic review of five bioinspired senses, especially considering a brief introduction of multimodal sensing applications and predicting current trends and future directions of this field, which may have continuous enlightenments.
Findings
This review shows that bioinspired sensors can enable robots to better understand the environment, and multiple sensor combinations can support the robot’s ability to behave intelligently.
Originality/value
The review starts with a brief survey of the biological sensing mechanisms of the five senses, which are followed by their bioinspired electronic counterparts. Their applications in the robots are then reviewed as another emphasis, covering the main application scopes of localization and navigation, objection identification, dexterous manipulation, compliant interaction and so on. Finally, the trends, difficulties and challenges of this research were discussed to help guide future research on intelligent robot sensors.
Details
Keywords
Jiaqi Fang, Kun Ma, Yanfang Qiu, Ke Ji, Zhenxiang Chen and Bo Yang
The discrepancy between the content of an article and its title is a key characteristic of fake news. Current methods for detecting fake news often ignore the significant…
Abstract
Purpose
The discrepancy between the content of an article and its title is a key characteristic of fake news. Current methods for detecting fake news often ignore the significant difference in length between the content and its title. In addition, relying solely on textual discrepancies between the title and content to distinguish between real and fake news has proven ineffective. The purpose of this paper is to develop a new approach called semantic enhancement network with content–title discrepancy (SEN–CTD), which enhances the accuracy of fake news detection.
Design/methodology/approach
The SEN–CTD framework is composed of two primary modules: the SEN and the content–title comparison network (CTCN). The SEN is designed to enrich the representation of news titles by integrating external information and position information to capture the context. Meanwhile, the CTCN focuses on assessing the consistency between the content of news articles and their corresponding titles examining both emotional tones and semantic attributes.
Findings
The SEN–CTD model performs well on the GossipCop, PolitiFact and RealNews data sets, achieving accuracies of 80.28%, 86.88% and 84.96%, respectively. These results highlight its effectiveness in accurately detecting fake news across different types of content.
Originality/value
The SEN is specifically designed to improve the representation of extremely short texts, enhancing the depth and accuracy of analyses for brief content. The CTCN is tailored to examine the consistency between news titles and their corresponding content, ensuring a thorough comparative evaluation of both emotional and semantic discrepancies.
Details
Keywords
Bin Xie, Zhenyu Wang, Yiling Xu and Libing Cui
Emergencies have become a growing concern for organizations, which require flexibility to respond to changes in emergencies based on their contingency, dynamic evolution rapidly…
Abstract
Purpose
Emergencies have become a growing concern for organizations, which require flexibility to respond to changes in emergencies based on their contingency, dynamic evolution rapidly and other characteristics. In order to enhance the ability of engineering project organizations to cope with emergencies, this study explores the mechanism of its influence on knowledge innovation under emergencies from the perspective of bricolage theory, and provides a new perspective for the traditional preplanning-based handling of emergencies by improvising to enhance the ability and results of improvisation.
Design/methodology/approach
Firstly, a structural equation model of the relationship between bricolage and knowledge innovation was constructed by introducing improvisational behavior and serendipity as mediating and moderating variables of the relationship between bricolage and knowledge innovation based on bricolage theory; secondly, drawing on previous well-established measurement scales about bricolage, improvisational behavior, knowledge innovation and serendipity, a questionnaire survey was conducted with different types of engineering project managers and technicians in Gansu Province as the research subjects, and 238 valid questionnaires were returned; finally, validation factor analysis and correlation analysis were performed, and the hypothesized relationships were verified using AMOS 24.0 software.
Findings
The results show that bricolage positively influences improvisational behavior; improvisational behavior positively influences knowledge innovation; bricolage positively influences knowledge innovation; bricolage influences knowledge innovation through the mediating role of improvisational behavior and serendipity positively moderates the impact of resource bricolage on knowledge innovation.
Originality/value
It reveals the mechanism of knowledge innovation of engineering project organizations in response to emergencies and the innovation mechanism of the episodic nature of emergency decision-making, extends the applicable context of bricolage theory and provides a new perspective for engineering project organizations in response to emergencies.
Details
Keywords
Cam Tu Nguyen, Thu Thao Nguyen, Lanhui Cai, Kum Fai Yuen and Xueqin Wang
This paper aims to investigate logistics operators’ acceptance of robots by adopting an integrated perspective of trust and technology acceptance.
Abstract
Purpose
This paper aims to investigate logistics operators’ acceptance of robots by adopting an integrated perspective of trust and technology acceptance.
Design/methodology/approach
A survey instrument was developed for data collection, targeting employees from Vietnam’s manufacturing or logistics sectors. A total of 401 valid responses were collected; the data were analysed using structural equation modelling.
Findings
Dispositional and situational trust positively influenced perceived usefulness and ease of use. Furthermore, dispositional and situational trust, perceived ease of use, and perceived usefulness collectively influenced trust in logistics robots. In addition, we found that trust in logistics robots positively affected operators’ acceptance intentions. Thus, the integrated perspectives of trust and technology acceptance were supported.
Research limitations/implications
By focusing on the interaction between operators and logistics robots, this paper’s findings extend the technology acceptance model (TAM) and enrich the theory of trust.
Practical implications
The study has significant implications for factories integrating logistics robots into production processes by elucidating the relationship between operators and logistics robots.
Originality/value
Previous research has repeatedly identified trust considerations as a critical factor influencing individuals’ automated technology usage. However, the micro-level trust formation process has received limited attention. This study explains the relationship between perspectives on trust and technology acceptance.
Details
Keywords
Noel Scott, Brent Moyle, Ana Cláudia Campos, Liubov Skavronskaya and Biqiang Liu
Rong Jiang, Bin He, Zhipeng Wang, Xu Cheng, Hongrui Sang and Yanmin Zhou
Compared with traditional methods relying on manual teaching or system modeling, data-driven learning methods, such as deep reinforcement learning and imitation learning, show…
Abstract
Purpose
Compared with traditional methods relying on manual teaching or system modeling, data-driven learning methods, such as deep reinforcement learning and imitation learning, show more promising potential to cope with the challenges brought by increasingly complex tasks and environments, which have become the hot research topic in the field of robot skill learning. However, the contradiction between the difficulty of collecting robot–environment interaction data and the low data efficiency causes all these methods to face a serious data dilemma, which has become one of the key issues restricting their development. Therefore, this paper aims to comprehensively sort out and analyze the cause and solutions for the data dilemma in robot skill learning.
Design/methodology/approach
First, this review analyzes the causes of the data dilemma based on the classification and comparison of data-driven methods for robot skill learning; Then, the existing methods used to solve the data dilemma are introduced in detail. Finally, this review discusses the remaining open challenges and promising research topics for solving the data dilemma in the future.
Findings
This review shows that simulation–reality combination, state representation learning and knowledge sharing are crucial for overcoming the data dilemma of robot skill learning.
Originality/value
To the best of the authors’ knowledge, there are no surveys that systematically and comprehensively sort out and analyze the data dilemma in robot skill learning in the existing literature. It is hoped that this review can be helpful to better address the data dilemma in robot skill learning in the future.
Details
Keywords
Advanced big data analysis and machine learning methods are concurrently used to unleash the value of the data generated by government hotline and help devise intelligent…
Abstract
Purpose
Advanced big data analysis and machine learning methods are concurrently used to unleash the value of the data generated by government hotline and help devise intelligent applications including automated process management, standard construction and more accurate dispatched orders to build high-quality government service platforms as more widely data-driven methods are in the process.
Design/methodology/approach
In this study, based on the influence of the record specifications of texts related to work orders generated by the government hotline, machine learning tools are implemented and compared to optimize classify dispatching tasks by performing exploratory studies on the hotline work order text, including linguistics analysis of text feature processing, new word discovery, text clustering and text classification.
Findings
The complexity of the content of the work order is reduced by applying more standardized writing specifications based on combining text grammar numerical features. So, order dispatch success prediction accuracy rate reaches 89.6 per cent after running the LSTM model.
Originality/value
The proposed method can help improve the current dispatching processes run by the government hotline, better guide staff to standardize the writing format of work orders, improve the accuracy of order dispatching and provide innovative support to the current mechanism.
Details