Xin Fan and Xiaoyu Song
Regulating and guiding the sound development of capital under a socialist system is not only a significant theoretical innovation rooted in Chinese…
Abstract
Purpose
Regulating and guiding the sound development of capital under a socialist system is not only a significant theoretical innovation rooted in Chinese practice by the Communist Party of China (CPC) but also a major practical exploration for the smooth progression of the party and the nation’s modernization endeavors.
Design/methodology/approach
Adopting an analytical framework that unifies theoretical, historical and practical logic, this paper explores the rationality of capital’s existence under a socialist system based on the notion that capital is a materialized production relationship. It also examines the staged evolution of capital theory under socialism, highlighting the great leap forward realized by the capital theory of socialism with Chinese characteristics.
Findings
With the CPC Central Committee’s deepening understanding of the capital patterns in the socialist system, capital-related policies have undergone a developmental journey through several stages – from the negation and elimination of capital to the support and operation of capital and finally to the stage of regulating and guiding capital. This reflects the reciprocal and complementary relationship between capital theory and capital policy.
Originality/value
In response to issues such as the disorderly expansion of capital in the new development stage, it is imperative to actively promote a practical pathway safeguarded by the adherence to Party leadership, guided by the capital theory of socialism with Chinese characteristics and targeted toward common prosperity.
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This paper aims to discuss and propose the potential use of immersive virtual environments (IVEs) for archiving and collecting heritage gameplay activities in digital libraries…
Abstract
Purpose
This paper aims to discuss and propose the potential use of immersive virtual environments (IVEs) for archiving and collecting heritage gameplay activities in digital libraries, which is expected to triangulate further discussions on the said knowledge scopes.
Design/methodology/approach
The key question of this paper is, how we can preserve and revitalize fading heritage game activities in digital libraries? To answer this, the paper is going to understand the applications of IVEs in heritage studies; the use of telepresence experiences in IVEs for activity-based collection; the creation of virtual and telepresence experiences in digital libraries; and a proposed use of IVEs for archiving heritage gameplay activities.
Findings
The applications of IVEs and/or other virtual technologies have certainly been gaining positive feedback about their ability to provide vivid images of artefacts and art pieces; perform a high level of interactivity between the exhibits and visitors; enhance visitors’ sense of immersion that evoke their memories of heritage issues; facilitate visitors’ learning process in libraries; increase enjoyment in digital libraries. As mentioned in the previous section, the activity-based historical collection, for instance, the heritage gameplay activities, can be preserved and archived vividly using IVEs.
Research limitations/implications
This paper is explorative, there is no empirical result for generalization.
Originality/value
This paper aims to provide librarians with valuable insight to apply IVEs for archiving and collecting heritage gameplay activities. Setting up a new type of digital library is affected greatly by the openness of librarians, visitors’ expectations and a whole lot of things that are happening around the technological world and digital culture. This paper addresses the applications of IVEs in heritage studies, the importance of creating virtual and telepresence experiences for library visits as well as proposing the use of IVEs for archiving heritage gameplay activities.
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Nicolas Peypoch, Yuegang Song, Rui Tan and Linjia Zhang
This paper aims to investigate the relationship between tourism efficiency at the city level and the quality of life (QOL) of residents. It focuses on assessing whether more…
Abstract
Purpose
This paper aims to investigate the relationship between tourism efficiency at the city level and the quality of life (QOL) of residents. It focuses on assessing whether more efficient tourism cities in China, from an economic standpoint, also offer a higher quality of life for their residents.
Design/methodology/approach
A sample of 40 Chinese cities from 2010 to 2019 is analyzed. The study first employs Data Envelopment Analysis to construct a production technology and estimate the technical tourism efficiency of each city. Subsequently, a nonparametric statistical test of independence is applied yearly to explore potential relationships between the cities’ tourism efficiency rankings and their residents’ QOL. This latter is measured by constructing an index for each city following the OECD framework.
Findings
The findings of the study are mixed, revealing no clear relationship between tourism efficiency and residents’ quality of life within the analyzed period. This suggests a complex interplay between economic efficiency in tourism and the broader social and environmental factors contributing to QOL.
Originality/value
This study enhances the literature on tourism efficiency by investigating the relationship between tourism efficiency and QOL, an aspect frequently overlooked in efficiency evaluations. Our approach offers a comprehensive understanding of the interplay between economic performance in the tourism sector and the social well-being of city populations. To the best of the authors’ knowledge, this is the first instance where such a relationship has been explored at the city level within the Chinese context.
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Wei Deng, Wenxin Zhou, Rui Song, Jie Li and Jing Zhang
The rise of digitalization brings new opportunities and challenges to female entrepreneurship (FE). This paper aims to systematically review the intellectual landscape of FE…
Abstract
Purpose
The rise of digitalization brings new opportunities and challenges to female entrepreneurship (FE). This paper aims to systematically review the intellectual landscape of FE research, identifying gaps and proposing future directions.
Design/methodology/approach
A systematic literature review was conducted on 1,918 highly relevant articles on FE, which were retrieved from the Scopus and Web of Science up to 2023.
Findings
While cyberfeminism is a rising perspective, the impact of digitalization on FE remains underexplored. Antecedents of FE are predominantly examined at the individual, family, organizational and environmental levels, overlooking team-level factors. Studies predominantly focus on outcomes at a single level and within a country, neglecting FE’s cross-level and cross-national complexity and diversity. The static analysis of mediating mechanisms in existing research fails to capture the dynamic process of FE. Furthermore, contextualization research often isolates family, institutional, social and mixed embeddedness, neglecting the simultaneous multiple contexts in which female entrepreneurs operate.
Originality/value
To bridge gaps in existing literature, this paper introduces an integrated research framework for FE. It suggests future research directions encompassing the impact of digital intelligence, heterogeneity of different groups of female entrepreneurs, the multiple contextual embedded nature of FE, dynamic process mechanisms for FE and cross-cultural comparisons. The proposed framework aims to inspire new insights and contribute to the evolving field of FE research.
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Xudong Pei, Juan Song, Na Li and Borui Cao
It is found that previous studies only focus on how digital transformation contributes to individual firms’ green innovation performance while ignoring the important role that it…
Abstract
Purpose
It is found that previous studies only focus on how digital transformation contributes to individual firms’ green innovation performance while ignoring the important role that it plays in the spillover and diffusion of green innovations among peer firms. Therefore, this study aims to investigate the influence of focal firms’ digital transformation on the spillover of green innovation among peer firms in heavily polluting industries mediated by environmental, social and governance (ESG) performance and agency conflict. Further, this study is also expected to explore the effects of digital transformation’s green innovation spillover.
Design/methodology/approach
This study chooses 6,438 A-share heavily polluting listed firms in the stock exchanges based in Shanghai and Shenzhen in China during 2010–2020 as samples and tests the hypothesis with ordinary least squares (OLS) regression. Results prove to be robust to a battery of robustness analyses the authors performed to take care of endogeneity.
Findings
The results show that the focal firm’s digital transformation may trigger their peer firms’ green innovation spillover and prompt them to engage in green innovation activities actively. The mechanism test shows that peer firms’ ESG performance and agency conflict mediate the influence path between digital transformation and peer firms’ green innovation spillover. Finally, among heavily polluting firms with high industry competition and large scale, digital transformation’s green innovation spillover effects are more significant in conventional energy-based source control, end-of-pipe treatment and substantive green innovation.
Originality/value
This study is possible to provide a potential driving mechanism of green innovation spillovers. The findings lay a sound foundation for future research, providing important theoretical support and practical insights for digital transformation to empower heavily polluting industries to achieve green transformation and low-carbon development.
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Tian Xu, Zhanping Song, Shengyuan Fan and Desai Guo
The assessment of risk to existing tunnels within the context of pit construction is influenced by a multitude of factors. The conventional fuzzy analytic hierarchy process (FAHP…
Abstract
Purpose
The assessment of risk to existing tunnels within the context of pit construction is influenced by a multitude of factors. The conventional fuzzy analytic hierarchy process (FAHP) method may lack precision due to its inability to incorporate the inherent randomness associated with numerous risk factors. To enhance the precision of risk evaluation for existing tunnels, this research introduces an improved FAHP approach grounded in cloud modeling theory.
Design/methodology/approach
We developed a risk assessment index system for existing tunnels, categorizing risk sources into three areas: hydrogeological conditions, foundation pit construction and tunnel structural bearing capacity. The system includes 11 evaluation indicators linked to these sources, with defined risk level thresholds for each. Using the cloud model, we calculated the membership degree of these indicators to risk levels, replacing traditional membership function formulas. The cloud model’s three digital characteristics (Ex, En and He) account for the randomness and ambiguity between qualitative descriptions and quantitative values, enhancing assessment accuracy. We applied hierarchical analysis to determine the weights of each risk factor and combined these with the membership degrees to evaluate overall risk levels. Engineering applications and model comparisons confirmed the method’s reliability, while sensitivity analysis identified key risk indicators affecting evaluation outcomes, allowing for targeted risk control measures to safeguard existing tunnels during foundation pit construction.
Findings
The evaluation results of engineering applications show the same results with the traditional FAHP method, which proves the reliability of the improved method. Furthermore, when comparing the evaluation result vectors between the two methods, it is observed that the outcomes of the improved method are more concentrated on a specific risk level compared to the traditional FAHP. This concentration mitigates the potential for bias in the evaluation results, thereby enhancing their accuracy. Through sensitivity analysis, four indicators were identified to have a significant influence on the evaluation result. After implementing targeted risk control measures, a downgrade in risk level to III was revealed. This aligns with the actual construction circumstances, as no safety incidents occurred in the Line 1 metro tunnel throughout the duration of the pit construction. This confirms the efficacy of the measures taken based on the evaluation results.
Originality/value
The novelty of this study is demonstrated through two key advancements. First, in response to the lack of a mature evaluation index system for risk assessment of existing tunnels during pit construction, the authors have meticulously curated a comprehensive risk evaluation index system. This system provides a valuable reference for the selection of appropriate risk evaluation indices in similar projects. Second, building upon the established index system, the study introduces a cloud model FAHP risk evaluation method. This method automates the generation of the membership degree between indicators and risk levels. The improved method has good reliability for the risk evaluation of existing tunnels, and it can provide decision-making reference for related studies when they carry out risk evaluations of similar projects.
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Xudong Pei and Juan Song
The link between interlocking directors and mergers and acquisitions (M&A) efficiency has been analyzed in an information asymmetry environment. Despite an abundance of evidence…
Abstract
Purpose
The link between interlocking directors and mergers and acquisitions (M&A) efficiency has been analyzed in an information asymmetry environment. Despite an abundance of evidence highlighting that interlocking directors do contribute to M&A efficiency in an acquirer-target binary relationship, the target is embedded in a complex network of supplier-customer relationships, which implies that the acquirer needs to consider the value of suppliers, distributors and retailers in the target’s supply chain in improving M&A efficiency. Through the lenses of acquirer-target multivariate relationships, this paper aims to examine how directors with supply chain experience (DSCs) act as heterogeneous network pipes to affect M&A efficiency.
Design/methodology/approach
Using a sample of 311 A-share listed firms on the Shanghai and Shenzhen stock exchanges in China during 2011–2020, this paper investigates the relationship between DSCs and M&A efficiency by using ordinary least squares (OLS) regression.
Findings
Through empirical research, we verify a negative relationship between DSCs and M&A duration and an inverted U-shaped relationship between both DSCs and M&A performance, revealing the complexity of the relationship between experience and efficiency. Furthermore, drawing on upper echelon theory, the information value of DSCs will be greatly reduced when executives have overconfident psychological characteristics, which are mainly shown to negatively moderate the relationship between DSCs and M&A performance. We also conduct multiple robustness tests and supplemental analyses to illustrate the robustness and boundaries of our findings. Finally, DSCs are likely more important in environments among growth and mature firms as well as high-growth industries.
Originality/value
We break through the assumption that interlocking directors contribute to M&A efficiency in an acquirer-target binary relationship and examine the impact of DSCs on M&A efficiency based on micro-empirical evidence from the value of target-related upstream or downstream industries, which extends the connotation of interlocking directors and enriches the study related to factors influencing M&A efficiency.
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Jia Wang, Haiyang Sun, Ding Chen, Yongjun Huang, Tao Dong, Hai Li, Lingnan Shen and Ziyu Yang
The paper aims to accurately measure the key motion parameters, such as velocity, azimuth and pitch angle, of the small flying object with a non-uniform curve trajectory. It…
Abstract
Purpose
The paper aims to accurately measure the key motion parameters, such as velocity, azimuth and pitch angle, of the small flying object with a non-uniform curve trajectory. It proposes a measurement method and its calculation model of non-uniform curve trajectory using a photoelectric sensor array.
Design/methodology/approach
First, the basic composition of the measurement system and mechanism of photoelectric sensor array are described, respectively. Second, a non-uniform curve mathematical measurement model is constructed differently from the traditional linear trajectory, taking into account the influence of gravity and air resistance. Third, the measurement error of the system is analyzed through numerical simulation. Finally, the accuracy and feasibility of the approach are verified by live-ammunition experiments.
Findings
The results show that the systematic error of the hitting point coordinates can be reduced by 9% compared to the traditional linear measurement model. Consequently, this method can meet the higher measurement requirement for the key motion parameters of the small flying object under the non-uniform curve trajectory. Research limitations/implications (if applicable)- although the approach itself is generalizable, the method is unable to detect the motion parameters of multiple small flying objects.
Research limitations/implications
Although the approach itself is generalizable, the method is unable to detect the motion parameters of the multiple small flying objects.
Practical implications
It is evident that the proposed non-uniform curve measurement model is more precise in quantifying the essential characteristics of the small flying object, particularly in consideration of the environmental conditions.
Social implications
The precise measurement of the key motion parameters of the small flying object can facilitate the enhancement of the protective performance of protective materials.
Originality/value
A novel approach to measurement is proposed, which differs from the conventional uniform trajectory model. To this end, the space construction of the photoelectric sensor array is optimized. The number of the sensors is revised.
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Jiayue Sun, Yadi Gu, Dongxiao Gu, Kaixiang Su, Xiaoyu Wang, Changyong Liang and Xuejie Yang
Gamification has been widely applied in mobile fitness apps to motivate users to exercise continuously. Based on the affordances–psychological outcomes–behavioral outcomes…
Abstract
Purpose
Gamification has been widely applied in mobile fitness apps to motivate users to exercise continuously. Based on the affordances–psychological outcomes–behavioral outcomes framework, this study explores the roles of three specific gamification affordances (competition, visibility of achievement and interactivity) in self-health management (continuous use behavior and health behavior) from the perspectives of achievement satisfaction and gamification exhaustion.
Design/methodology/approach
We test the research model using a structural equation model (SEM) with 505 self-reported data points. Furthermore, we apply fuzzy-set qualitative comparative analysis (fsQCA) to explore configurations of gamification affordances associated with self-health management behavior, reinforcing the SEM results.
Findings
Results indicate that competition, visibility of achievement and interactivity can enhance achievement satisfaction, which further boosts self-health management behavior. However, competition and interactivity can also cause gamification exhaustion, which undermines self-health management behavior to some extent. Overall, the positive impacts of the three affordances outweigh the negative impacts.
Practical implications
This study provides new insights for relevant practitioners on designing gamification affordances, aiding the sustainable development of mobile fitness apps and their long-term effects on self-health management. Visibility of achievement should be emphasized, and competition and interactivity should be thoughtfully designed to minimize their negative effects.
Originality/value
This study extends the affordances–psychological outcomes–behavioral outcomes framework and the literature on gamification and health management by applying both SEM and fsQCA methodologies to examine the relationship between specific gamification affordances and self-health management behavior.
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Fangfang Hou, Boying Li, Zhengzhi Guan, Alain Yee Loong Chong and Chee Wei Phang
Despite the burgeoning popularity of virtual gifting in live streaming, research lacks an in-depth understanding of the drivers behind this behavior. Using para-social…
Abstract
Purpose
Despite the burgeoning popularity of virtual gifting in live streaming, research lacks an in-depth understanding of the drivers behind this behavior. Using para-social relationship (PSR), this study aims to capture viewers’ lively social feelings toward the streamer as the key factor leading to the purchase behavior of virtual gifts. It also aims to establish a theoretical link between PSR and viewers’ holistic experience in live streaming as captured by cognitive absorption and aims to investigates the role of technological features (i.e. viewer–streamer and viewer–viewer interactivity, streamer-level and viewer-level deep profiling and design aesthetics) in shaping viewers’ experience.
Design/methodology/approach
Based on 433 survey responses, this study employs a combination of structural equation modeling and neural networks to offer valuable insights into the relationships between the technological environment, viewer experience and viewer behavior.
Findings
Our results highlight the salience of PSR in promoting the purchase of virtual gifts through cognitive absorption and the importance of the technological environment in eliciting the viewer experience. This study sheds light on the development of PSR in a technological environment and its relationship with cognitive absorption.
Originality/value
By applying PSR to conceptualize viewers’ perceived connection with the streamer, this study extends the research on purchase behavior in the non-shopping context by providing an enlightened understanding of virtual gift purchase behavior in live streaming. Moreover, by theoretically linking PSR with cognitive absorption, virtual gift purchase and technological features of live streaming, it enriches the theory of PSR and bridges the gap between the design practice of supporting the IT infrastructure of live streaming and research.