Gregory Acevedo, Abigail Miller Ross, Rushaa Hamid, Oisin Sweeney, Helen Daly, Sumaty Hernandez-Farina, Xia Lin and Bethan Mobey
The purpose of this study is to explore the ways in which the cost-of-living crisis affected emotional support access and availability among multiply-marginalised UK-based youth.
Abstract
Purpose
The purpose of this study is to explore the ways in which the cost-of-living crisis affected emotional support access and availability among multiply-marginalised UK-based youth.
Design/methodology/approach
This study reports findings from early stages of a multiphase youth participatory action research (YPAR) project. In all, 12 young residents of Tower Hamlets London (ages 16–22 years) employed as peer researchers conducted 14 focus groups with 44 residents of Tower Hamlets over a six-month period. Data were analysed using principles of reflective thematic analysis.
Findings
Analyses produced salient themes that identified barriers to obtaining emotional support from parents and carers, described the utility of diverse support networks and elucidated the impact of the cost-of-living crisis on emotional support and youth well-being.
Research limitations/implications
This study has several limitations pertaining primarily to study design, sample size and sample composition that limit generalizability of findings. The findings indicate that the cost-of-living crisis markedly constrained the participants’ access to and availability of formal and informal support from others.
Practical implications
The findings from this research will influence the design and delivery of policy and services to better meet the needs and experiences of UK-based young people and their families.
Social implications
This project has the potential to increase understanding of how families can provide effective emotional support to young people and so improve the lives of Londoners now and in the future.
Originality/value
To the best of the authors’ study, this study is the first to use a YPAR approach to exploring the impact of the cost-of-living crisis on UK-based youth.
Details
Keywords
Youyang Ren, Yuhong Wang, Lin Xia, Wei Liu and Ran Tao
Forecasting outpatient volume during a significant security crisis can provide reasonable decision-making references for hospital managers to prevent sudden outbreaks and dispatch…
Abstract
Purpose
Forecasting outpatient volume during a significant security crisis can provide reasonable decision-making references for hospital managers to prevent sudden outbreaks and dispatch medical resources on time. Based on the background of standard hospital operation and Coronavirus disease (COVID-19) periods, this paper constructs a hybrid grey model to forecast the outpatient volume to provide foresight decision support for hospital decision-makers.
Design/methodology/approach
This paper proposes an improved hybrid grey model for two stages. In the non-COVID-19 stage, the Aquila Optimizer (AO) is selected to optimize the modeling parameters. Fourier correction is applied to revise the stochastic disturbance. In the COVID-19 stage, this model adds the COVID-19 impact factor to improve the grey model forecasting results based on the dummy variables. The cycle of the dummy variables modifies the COVID-19 factor.
Findings
This paper tests the hybrid grey model on a large Chinese hospital in Jiangsu. The fitting MAPE is 2.48%, and the RMSE is 16463.69 in the training group. The test MAPE is 1.91%, and the RMSE is 9354.93 in the test group. The results of both groups are better than those of the comparative models.
Originality/value
The two-stage hybrid grey model can solve traditional hospitals' seasonal outpatient volume forecasting and provide future policy formulation references for sudden large-scale epidemics.
Details
Keywords
This study aims to examine the combinations of internal and external knowledge flows between research and development (R&D) incumbents and start-ups in the context of open…
Abstract
Purpose
This study aims to examine the combinations of internal and external knowledge flows between research and development (R&D) incumbents and start-ups in the context of open innovation. While there is a growing body of knowledge that has examined how, in a knowledge economy, a firm’s knowledge and innovation activities are closely linked, there is no systematic review available of the key antecedents, perspectives, phenomenon and outcomes of knowledge spillovers.
Design/methodology/approach
The authors have conducted dual-stage research. First, the authors conducted a systematic review of literature (97 research articles) by following the theories–contexts–methods framework and the antecedent-phenomenon-outcomes logic. The authors identified the key theories, contexts, methods, antecedents, phenomenon and outcomes of knowledge spillovers between R&D-driven incumbents and start-ups in the open innovation context. In the second stage, the findings of stage one were leveraged to advance a nomological network that depicts the strength of the relationship between the observable constructs that emerged from the review.
Findings
The findings demonstrate how knowledge spillovers can help incumbent organisations and start-ups to achieve improved innovation capabilities, R&D capacity, competitive advantage and the creation of knowledge ecosystems leading to improved firm performance. This study has important implications for practitioners and managers – it provides managers with important antecedents of knowledge spillover (knowledge capacities and knowledge types), which directly impact the R&D intensity and digitalisation driving open innovation. The emerging network showed that the antecedents of knowledge spillovers have a direct relationship with the creation of a knowledge ecosystem orchestrated by incumbents and that there is a very strong influence of knowledge capacities and knowledge types on the selection of external knowledge partners/sources.
Practical implications
This study has important implications for practitioners and managers. In particular, it provides managers with important antecedents of knowledge spillover (knowledge capacities and knowledge types), which directly impact the R&D intensity and digitalisation driving open innovation. This will enable managers to take important decisions about what knowledge capacities are required to achieve innovation outcomes. The findings suggest that managers of incumbent firms should be cautious when deciding to invest in knowledge sourcing from external partners. This choice may be driven by the absorptive capacity of the incumbent firm, market competition, protection of intellectual property and public policy supporting innovation and entrepreneurship.
Originality/value
Identification of the key antecedents, phenomenon and outcomes of knowledge spillovers between R&D-driven incumbents and start-ups in the open innovation context. The findings from Stage 1 helped us to advance a nomological network in Stage 2, which identifies the strength and influence of the various observable constructs (identified from the review) on each other. No prior study, to the best of the authors’ knowledge, has advanced a nomological network in the context of knowledge spillovers between R&D-driven incumbents and start-ups in the open innovation context.
Details
Keywords
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.
Details
Keywords
Rafael Pereira Ferreira, Louriel Oliveira Vilarinho and Americo Scotti
This study aims to propose and evaluate the progress in the basic-pixel (a strategy to generate continuous trajectories that fill out the entire surface) algorithm towards…
Abstract
Purpose
This study aims to propose and evaluate the progress in the basic-pixel (a strategy to generate continuous trajectories that fill out the entire surface) algorithm towards performance gain. The objective is also to investigate the operational efficiency and effectiveness of an enhanced version compared with conventional strategies.
Design/methodology/approach
For the first objective, the proposed methodology is to apply the improvements proposed in the basic-pixel strategy, test it on three demonstrative parts and statistically evaluate the performance using the distance trajectory criterion. For the second objective, the enhanced-pixel strategy is compared with conventional strategies in terms of trajectory distance, build time and the number of arcs starts and stops (operational efficiency) and targeting the nominal geometry of a part (operational effectiveness).
Findings
The results showed that the improvements proposed to the basic-pixel strategy could generate continuous trajectories with shorter distances and comparable building times (operational efficiency). Regarding operational effectiveness, the parts built by the enhanced-pixel strategy presented lower dimensional deviation than the other strategies studied. Therefore, the enhanced-pixel strategy appears to be a good candidate for building more complex printable parts and delivering operational efficiency and effectiveness.
Originality/value
This paper presents an evolution of the basic-pixel strategy (a space-filling strategy) with the introduction of new elements in the algorithm and proves the improvement of the strategy’s performance with this. An interesting comparison is also presented in terms of operational efficiency and effectiveness between the enhanced-pixel strategy and conventional strategies.
Details
Keywords
Xiaoyuan Li and Eunmi Tatum Lee
We evaluate the effect of political connections on the stock valuation of emerging market firms following the announcement of cross-border mergers and acquisitions (M&As). We…
Abstract
Purpose
We evaluate the effect of political connections on the stock valuation of emerging market firms following the announcement of cross-border mergers and acquisitions (M&As). We further analyze the moderating roles of home and host market environments.
Design/methodology/approach
Our analysis of 361 Chinese cross-border M&A transactions during 2014–2018 employs an event-study methodology to assess the cumulative abnormal return (CAR) for acquirers. To test our hypotheses, we utilize a multiple regression model.
Findings
Politically connected firms experience a decrease in firm value following the announcement of cross-border M&As. However, this negative effect is weakened when the firm’s home region is more market-oriented, reflected by economic activity driven primarily by market mechanisms rather than government intervention. In contrast, the negative effect is strengthened when the host country exhibits higher governance quality, characterized by sound legal structures, labor regulations and developed capital markets.
Originality/value
Extending beyond previous studies on cross-border M&A performance, we analyze firm value based on signaling theory. Our findings reveal that market investors view cross-border M&As undertaken by politically connected firms from emerging economies with caution, resulting in a decline in acquirer value. Moreover, investors react more positively to cross-border M&As by politically connected acquirers in truly market-based regions. Conversely, investors expect that politically connected acquirers would encounter additional hurdles when executing cross-border M&As if the host country has high-quality governance.
Details
Keywords
Yixin Ding, Zhen Lei and Junrong Wei
Building on expectancy violations theory, this study aims to investigate the role of negative performance feedback in firm’s mergers and acquisitions (M&A) intensity, a typical…
Abstract
Purpose
Building on expectancy violations theory, this study aims to investigate the role of negative performance feedback in firm’s mergers and acquisitions (M&A) intensity, a typical risky strategic option which might entail negative reactions from shareholders, and also examine the moderating effects of top management teams (TMTs) regulatory focus on this relationship.
Design/methodology/approach
The authors use a longitudinal panel sample of 2,042 Chinese A-share listed manufacturing firms and data for the years between 2007 and 2019 collected from multiple data sources. Furthermore, the authors also conducted supplementary analyses and various robustness checks of the key variables.
Findings
The findings show that both the intensity and duration of negative performance feedback negatively impact firms’ M&A intensity. Besides, the effect of negative performance feedback on M&A intensity will be magnified when the focal firm of TMTs with high prevention focus.
Practical implications
During the period of performance depression, TMTs are supposed to focus on stability, keep an eye on potential risks and be prudent in making decisions like walking on eggshells to avoid making further losses.
Originality/value
This study develops a core mechanism – managers of underperformance firms prioritize meeting shareholder expectations as their foremost task to ensure minimal negative repercussions – and also highlights the role of fit between TMT prevention focus and negative performance feedback on M&A intensity.
Details
Keywords
The suppliers of experimental resources required in megaprojects are driven by short-term interests, presuming that participation in the digital platform would only increase their…
Abstract
Purpose
The suppliers of experimental resources required in megaprojects are driven by short-term interests, presuming that participation in the digital platform would only increase their inputs and fail to rapidly expand their revenue, resulting in their insufficient motivation to participate. This paper aims to design effective incentives for these suppliers exhibiting the aforementioned behaviour to drive them to participate and actively share their resources on the platform.
Design/methodology/approach
This paper develops incentives for applying the digital platform for experimental resource sharing by using a reverse induction approach to model and solve an incomplete information game. It compares the traditional experiment management mode and the new mode of applying the digital platform, taking the degree of sharing experimental resources on the platform as the variable and constructing three incentive models. By analysing these different degrees of sharing and the different experimental and informatisation capabilities of the suppliers, it could obtain the optimal incentive scheme for changes in sharing behaviour.
Findings
The results show that the designed incentives could increase the participation of suppliers in the platform and the number of their shared resources and make the benefits of both the supplier and the demand side reach the optimal state of a win-win situation. However, a higher degree of sharing by suppliers does not yield better results. In addition, the incentive coefficients for this degree should be set based on the suppliers’ different experimental and informatisation capabilities and the ratio of input cost-sharing, so as to avoid blind inputs from both supply and demand.
Originality/value
This study fills the research gap regarding incentives of the digital platform of experimental resource-sharing for megaprojects; it contributes to the body of knowledge by providing a quantitative perspective of understanding the experimental resource-sharing behaviour that motivates the usage of the digital platform. Furthermore, it reveals the incentive mechanism for application in different scenarios, and quantitative analysis is conducted to provide practical insights into promoting the new experiment management mode in megaprojects for more effective incentivisation.
Details
Keywords
Gang Wei, Zhiyuan Mu, Weihao Feng, Yongjie Qi and Binglai Guo
The aim of this study is to investigate the horizontal displacement effects of foundation pit excavation on adjacent metro stations and shield tunnel composite structures. It…
Abstract
Purpose
The aim of this study is to investigate the horizontal displacement effects of foundation pit excavation on adjacent metro stations and shield tunnel composite structures. It seeks to develop a theoretical calculation method capable of accurately assessing these engineering impacts, aiming to provide practical assistance for engineering applications.
Design/methodology/approach
This study introduces a model for shield tunnel segments incorporating rotation and misalignment, considering the constraints of metro stations. It establishes a displacement model for tunnel-station combinations during foundation pit excavation, deriving a formula for calculating station-proximal tunnel horizontal displacements. The method's accuracy is validated against field data from three engineering cases. The research also explores variations in tunnel displacement, inter-ring shear force, misalignment and rotation angle under different spatial relationships between pits, tunnels and stations.
Findings
This study models uneven deformation between stations and tunnels due to bending stiffness and shear constraints. It enhances the misalignment model with station-induced shear effects and introduces coefficients for their mutual interaction. Results show varied responses based on pit-station-tunnel positioning: minimal displacement near pit edges (coefficients around 0.1) and significant effects near pit centers (coefficients from 0.4 to 0.5). “Whip effect” from station constraints affects tunnel displacement, shear force, misalignment and rotation, with fluctuations decreasing with distance from excavation areas.
Originality/value
This study demonstrates significant originality and value. It introduces a novel displacement model for tunnel-station combinations considering station constraints, addressing theoretical calculations of horizontal displacement effects from foundation pit excavation on metro stations and shield tunnel structures. Through validation with field data and parameter studies, the concept of influence coefficients is proposed, offering insights into variations in structural responses under different spatial relationships. This research provides crucial technical support and decision-making guidance for optimizing designs and facilitating practical construction in similar engineering projects.
Details
Keywords
The present research aims to study the behavioural intention to use the digital currencies issued by the central bank through the lens of technology acceptance and switching…
Abstract
Purpose
The present research aims to study the behavioural intention to use the digital currencies issued by the central bank through the lens of technology acceptance and switching behaviour perspective. The study also proposes to analyse the role of financial constructs to explain the adoption intention.
Design/methodology/approach
The current study develops a model by integrating the unified theory of acceptance and use of technology (UTAUT) and the push–pull–mooring (PPM) theory of switching behaviour. It amends the same by including financial literacy, financial inclusion and trust. A sample data of 419 respondents has been collected through a structured questionnaire and the PLS-SEM approach has been used for data analysis.
Findings
The findings suggest that UTAUT and PPM models can significantly predict individuals' readiness to adopt the central bank digital currency (CBDC). More precisely, performance expectancy, social influence, government support, relative advantage and task-technology fit jointly determine the adoption behaviour. Besides, the financial constructs also affect the intention to use CBDC.
Research limitations/implications
The study is largely based on a quantitative approach with cross-sectional data from an Indian sample. Thus, the findings may benefit from a longitudinal approach with mixed-method data analysis. However, the study elaborates on several implications for policymakers and research scholars.
Originality/value
The present study uniquely integrates the technology adoption perspective with switching behaviour applied to the migration studies. Given the nascent stage of CBDC implementation in many countries, the current study uses a triangulation approach to enhance the understanding of its adoption behaviour.