Search results

1 – 8 of 8
Per page
102050
Citations:
Loading...
Access Restricted. View access options
Article
Publication date: 27 August 2024

Hui Shan, Daeyoung Ko, Lan Wang and Gang Wang

This study aims to examine the relationship between managerial ability and innovation efficiency, the mediating effect of digital transformation and the moderating effect of…

201

Abstract

Purpose

This study aims to examine the relationship between managerial ability and innovation efficiency, the mediating effect of digital transformation and the moderating effect of internal control.

Design/methodology/approach

This study collected A-share manufacturing listed companies in China from 2008 to 2019 and analyzed the data by means of multiple regression analysis, mediating effect test, moderating effect test and heterogeneity test. Finally, the authors conducted robustness test by remeasuring key variables and adding control variables.

Findings

The empirical results show that the higher managerial ability can improve innovation efficiency, internal control has a positive moderating effect and digital transformation plays a partial mediating effect on the relationship between managerial ability and innovation efficiency. Specially, it is found that the mediating effect of digital transformation is not significant in non-state-owned firms.

Practical implications

This study suggests that it is necessary to focus on the managerial ability in terms of both cultivation and supervision, to further deepen the digital transformation from the aspects of firms, government and society, especially to support the digital transformation of non-state-owned firms, and to make efforts to improve the corporate governance mechanism and internal control system, so as to better comprehensively realize the improvement of enterprise innovation efficiency.

Originality/value

Based on the mediating effect analysis of digital transformation and the moderating effect analysis of internal control, this study explores the role of managerial ability on innovation efficiency from a new perspective, expanding the related theoretical framework and research boundaries.

Details

Chinese Management Studies, vol. 19 no. 2
Type: Research Article
ISSN: 1750-614X

Keywords

Access Restricted. View access options
Article
Publication date: 7 February 2025

Changchun Tan, Kangkang Yin, Huaqing Wu and Peng Zhou

Corporate ESG performance has attracted widespread attention from various sectors of society. This paper aims to investigate whether analysts’ ESG attention can convey additional…

24

Abstract

Purpose

Corporate ESG performance has attracted widespread attention from various sectors of society. This paper aims to investigate whether analysts’ ESG attention can convey additional information to the market and consequently influence stock pricing efficiency.

Design/methodology/approach

Using A-share listed companies from 2014 to 2021 as the research subjects, this paper employs a deep learning algorithm, word2vec, to construct an ESG dictionary. Text analysis is then applied to create an analysts’ ESG attention index, delving into its impact on stock pricing efficiency.

Findings

Empirical research reveals that: (1) Analysts' ESG attention effectively enhances stock pricing efficiency, with a more significant impact from analysts’ attention to environmental (E) and social (S) factors compared to governance (G); (2) Further analysis indicates that this effect becomes more pronounced when there is higher disparity in corporate ESG ratings, greater marketization in the province where the company is located, and a higher institutional ownership percentage and (3) The mechanism by which analysts' ESG attention influences stock pricing efficiency is through an elevation in investor attention and stock liquidity. Additionally, it is observed that analysts prioritize ESG information to enhance their reputation and business capabilities.

Originality/value

From the perspective of ESG rating divergence, this paper innovatively uses analyst reports to construct ESG attention indicators and analyzes their impact on the efficiency of stock pricing.

Details

Journal of Accounting Literature, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0737-4607

Keywords

Access Restricted. View access options
Article
Publication date: 10 May 2024

Haoxu Zhang, Elena Millan, Kevin Money and Pei Guo

This research examines the impact of the National Rural E-commerce Comprehensive Demonstration Project (NRECDP) on poverty reduction and income growth in rural China.

384

Abstract

Purpose

This research examines the impact of the National Rural E-commerce Comprehensive Demonstration Project (NRECDP) on poverty reduction and income growth in rural China.

Design/methodology/approach

The study develops a theoretical framework, which considers the role of geographical, technological, institutional and cultural factors for the e-commerce poverty alleviation (e-CPA) model. Empirically, this study applies the difference-in-differences (DID) model and the event study approach to evaluate the effectiveness of NRECDP on the basis of large-scale county-level and household-level panel data spanning 2010 to 2020.

Findings

The study found that the NRECDP, as a government-led, information and communication technology (ICT)-enabled, market-based program, has led to a significant increase in per capita output of primary industry employees, as well as in the disposable income of rural residents, especially those in national-level poverty-stricken (NP) counties. The interventions of the NRECDP achieved these positive outcomes through transportation and Internet infrastructure improvement, ICT adoption and human capital accumulation in impoverished towns and villages in remote rural areas. These effects are larger in the eastern region of China, followed by the central region, whereas the weakest effects were found in the western region. However, we found little evidence of the NRECDP increasing household developmental expenditure.

Research limitations/implications

The study findings have important practical and policy implications for rural e-commerce development and self-sustained poverty alleviation solutions. The research revealed the significance of government NRECDP interventions for increasing rural income, reducing living costs, and empowering the rural population in its multiple social roles, namely, as consumers, producers, employees and microentrepreneurs. The local cultural context may also play a role in ICT adoption and entrepreneurship cultivation with a downstream effect on the effectiveness of e-CPA practices. Policymakers would need to ensure a supportive entrepreneur-friendly environment for rural e-commerce development and continue implementing progressive policies for poverty alleviation.

Originality/value

This study explores poverty alleviation issues in China by developing for the first time a multi-faceted framework that is subsequently tested by both county-level and household-level large-scale observations. Also, it is the first study to provide nationwide empirical evidence on the effectiveness of e-CPA in narrowing down the spatial and digital divides in China. In addition to the impact of geography, technology and governmental support, this study also sheds light on the role of culture in the adoption and diffusion of digital technologies and as a source of local entrepreneurial opportunities.

Details

Journal of Strategy and Management, vol. 18 no. 1
Type: Research Article
ISSN: 1755-425X

Keywords

Access Restricted. View access options
Article
Publication date: 5 February 2025

Gang Wei, Weiwei Ma and Lingbin Shan

This paper aims to conduct research on the role of vertical interlocks of executives in blocking adverse loops between research and development (R&D) investment and the cost of…

11

Abstract

Purpose

This paper aims to conduct research on the role of vertical interlocks of executives in blocking adverse loops between research and development (R&D) investment and the cost of equity capital and explore the action path of vertical interlocks of executives. This paper also analyzes the differences in the effect of vertical interlocks of chairman, vertical interlocks of chief executive officer (CEO) and vertical interlocks of CEO duality.

Design/methodology/approach

This paper uses 28,078 firm-year samples from Chinese A-share listed companies to study the impact of R&D investment on the cost of equity capital using univariate group analysis and multiple regression methods. This paper analyzes the role of vertical interlocks of executives in reducing the positive impact of R&D investment on the cost of equity capital by constructing interaction variables, by using group testing method to analyze the differences in the vertical interlocks of executives. This study also uses propensity score matching and instrumental variables to conduct robustness tests.

Findings

The vertical interlocks of executives can block adverse loops between R&D investment and the cost of equity capital. The role of executive vertical interlocks is more prominent in non-state-owned firms, mainly exerting the resource effect that supports the innovation of non-state-owned firms, including the information resource effect and the financial resource effect. Through heterogeneity analysis, this paper discovered that the role of vertical interlocks of chairman is greater than that of the CEO and the CEO duality.

Originality/value

Based on the perspective of the correlation effect generated by vertical interlocks of executives, this paper analyzes the path of promoting corporate innovation. This provides new empirical evidence for studying the collaborative governance effect of vertical interlocks of executives “supervision effect, financial resource effect and information resource effect.” This study provides useful insights for regulatory authorities to regulate and guide development of the vertical interlocks of executives.

Details

Chinese Management Studies, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1750-614X

Keywords

Access Restricted. View access options
Article
Publication date: 27 January 2025

Laura Rees

The concept of honor, a tension and balance between a focus on the internal and the external for validation of one’s sense of worth and standing in a social group, captures the…

21

Abstract

Purpose

The concept of honor, a tension and balance between a focus on the internal and the external for validation of one’s sense of worth and standing in a social group, captures the attention of scholars because it offers a way of understanding the motivations of proud and often violent people belonging to these cultures. The purpose of this paper is to demonstrate how this focus has led to conceptual and empirical path dependence in the study of honor that has dramatically limited our understanding of this important phenomenon in workplaces and other social interaction contexts, and to suggest a number of alternative paths forward.

Design/methodology/approach

The author draws on extant work on honor and related concepts independent of violence, aggression or conflict, to posit that honor be conceptualized more broadly – and less negatively – as a culturally influenced system of behavioral guidelines to determine what is acceptable and moral in a given context. This conceptual paper presents a novel, understudied approach to honor research in international and cross-cultural studies.

Findings

The study discusses critical implications of this useful rebalancing for theory, measurement and practice going forward.

Originality/value

By reconceptualizing and rebalancing the historical path-dependent trajectory of honor research, this analysis adds relevant nuance to our understanding of an influential cultural difference and helps explore new implications of honor for research and practice.

Details

International Journal of Conflict Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1044-4068

Keywords

Access Restricted. View access options
Article
Publication date: 9 July 2024

Xin Liu, Shengda Cui, Chenxi Du and Eric R. Brisker

The purpose of this paper is to examine the relationship between Chinese female executives and corporate risk-taking the contingencies that affect this relationship.

132

Abstract

Purpose

The purpose of this paper is to examine the relationship between Chinese female executives and corporate risk-taking the contingencies that affect this relationship.

Design/methodology/approach

A integrated theoretical framework was established, on the basis of which theoretical hypotheses were developed and tested using 20,315 firm-year observations collected from China’s publicly listed companies during the period 2005–2020. Data were collected from China's Shanghai and Shenzhen A-share Stock Exchanges and analyzed using a moderated regression analysis, PSM, 2SLS-IV and PSM-DID model.

Findings

The empirical results indicate a negative effect of the ratio of female executives in top management team on corporate risk-taking, and this negative effect can be weakened by the social capital of board directors and the regional marketization.

Research limitations/implications

The paper contributes to research on the relationship between female executives and risk-taking by considering the effect of eastern culture on female executives’ business decision-making and examining the moderating factors inside and outside the firm.

Practical implications

The paper illustrates the active steps that corporations can take to enhance female executives' willingness and capacity to take firm-related risks so as to improve the firm value in the long run.

Originality/value

The paper explores how Chinese culture and Chinese traditional value affect female executives’ decision-making on risky projects or uncertain investments. In addition, our study for the first time examines the moderating effect of board social capital as an internal factor and marketization as an external one on the relationship between Chinese female executives and corporate risk taking. The research examines the gender inequality in the work and competitive environment facing female executives in the areas of different marketization level, which would affect female executives’ cognition and motivation in corporate risk taking.

Details

International Journal of Managerial Finance, vol. 21 no. 1
Type: Research Article
ISSN: 1743-9132

Keywords

Access Restricted. View access options
Article
Publication date: 10 May 2024

Isaac Kofi Bekoe, Joshua Abor and Samuel Sekyi

This study aims to examine the impact of financial inclusion and bank stability on agricultural productivity in Sub-Saharan Africa (SSA).

114

Abstract

Purpose

This study aims to examine the impact of financial inclusion and bank stability on agricultural productivity in Sub-Saharan Africa (SSA).

Design/methodology/approach

The study used 38 countries in the SSA with data spanning between 2004 and 2021. The data were analyzed using the two-step system generalized method of moments (GMM) and the panel-corrected standard error (PCSE) model.

Findings

The study found a positive effect of financial inclusion and bank stability on agricultural productivity. The study also discovered that while the access component of financial inclusion has a negative influence on agricultural productivity, the usage dimension has a positive impact.

Research limitations/implications

The study suggests to policymakers that an inclusive and stable financial system improves agricultural productivity. The findings recommend that policymakers should empower farmers to leverage financial inclusion.

Originality/value

This study provides insightful discussion on the impact of financial inclusion and its various dimensions and bank stability on agricultural productivity in SSA.

Details

Journal of Economic Studies, vol. 52 no. 2
Type: Research Article
ISSN: 0144-3585

Keywords

Access Restricted. View access options
Article
Publication date: 11 February 2025

Zhijiang Wu, Mengyao Liu, Guofeng Ma and Shan Jiang

The objective of this study is to accurately predict the cost of green buildings to provide quantifiable criteria for investment decisions from investors.

9

Abstract

Purpose

The objective of this study is to accurately predict the cost of green buildings to provide quantifiable criteria for investment decisions from investors.

Design/methodology/approach

This study proposes a hybrid prediction model ML-based for cost prediction of GBPs and obtains prediction parameters (PPs) associated with project characteristics through data mining (DM) techniques. The model integrates a principal component analysis (PCA) method to perform parameter dimensionality reduction (PDR) on a large number of raw variables to provide independent characteristic terms. Moreover, the support vector machine (SVM) algorithm is improved to optimize the prediction results and integrated with parameter dimensionality reduction and cost prediction.

Findings

The prediction results show that the mean absolute and relative errors of the hybrid prediction model proposed in this study are equal to 39.78 and 0.02, respectively, which are much lower than those of the traditional SVM model and MRA prediction model. Moreover, the hybrid prediction model with parameter dimensionality reduction also achieved better prediction accuracy (R2 = 0.319) and superior prediction accuracy for different cost terms.

Originality/value

Theoretically, the hybrid prediction model developed in this study can reliably predict the cost while accurately capturing the characteristics of GBPs, which is a bold attempt at a comprehensive approach. Practically, this study provides developers with a new ML-based prediction model that is capable of capturing the costs of projects with ambiguous definitions and complex characteristics.

Details

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

Keywords

1 – 8 of 8
Per page
102050