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Article
Publication date: 12 August 2024

Ge Zhang, Pengfei Chen and Si Xu

Given that the current sustainability assessment in higher education institutions primarily relies on qualitative methods with relatively limited quantitative tools, the purpose…

126

Abstract

Purpose

Given that the current sustainability assessment in higher education institutions primarily relies on qualitative methods with relatively limited quantitative tools, the purpose of this study is to design a tool that could be used to comprehensively assess the overall state of higher education institutions’ sustainability.

Design/methodology/approach

The authors based the “Model to Assess the Sustainability of Higher Education Institutions” on the Triple Bottom Line (TBL) framework of economic, environmental and social factors, and established its primary dimensions as educational level, research capacity, community outreach, campus operations, campus experience and assessment reports. They designed the College Organisational Sustainability Scale (CO-SS) based on this research model, drawing their inspiration from the qualitative research tool, the Sustainability Assessment Questionnaire, and taking the following validation steps: expert review (n = 10), pilot testing (n = 150) and formal experiments (n = 1108). These steps were taken to optimise the scale items, test the model’s validity and assess its reliability.

Findings

After undergoing rigorous scientific validation, CO-SS was unequivocally confirmed as an effective and reliable tool, demonstrating its accurate reflection of the level of sustainability in higher education institutions.

Originality/value

The authors took an industry-specific approach by relying on the TBL and the Sustainability Assessment Questionnaire to construct and validate the CO-SS. Furthermore, the CO-SS has the potential to evolve into a self-assessment tool for higher education institutions, and a reliable foundation for data-driven decision-making in the realm of organisational sustainability at universities.

Details

International Journal of Sustainability in Higher Education, vol. 26 no. 2
Type: Research Article
ISSN: 1467-6370

Keywords

Available. Open Access. Open Access
Article
Publication date: 14 November 2024

Jun Huang, Haijie Mo and Tianshu Zhang

This paper takes the Shanghai-Shenzhen-Hong Kong Stock Connect as a quasi-natural experiment and investigates the impact of capital market liberalization on the corporate debt…

134

Abstract

Purpose

This paper takes the Shanghai-Shenzhen-Hong Kong Stock Connect as a quasi-natural experiment and investigates the impact of capital market liberalization on the corporate debt maturity structure. It also aims to provide some policy implications for corporate debt financing and further liberalization of the capital market in China.

Design/methodology/approach

Employing the exogenous event of Shanghai-Shenzhen-Hong Kong Stock Connect and using the data of Chinese A-share firms from 2010 to 2020, this study constructs a difference-in-differences model to examine the relationship between capital market liberalization and corporate debt maturity structure. To validate the results, this study performed several robustness tests, including the parallel test, the placebo test, the Heckman two-stage regression and the propensity score matching.

Findings

This paper finds that capital market liberalization has significantly increased the proportion of long-term debt of target firms. Further analyses suggest that the impact of capital market liberalization on the debt maturity structure is more pronounced for firms with lower management ownership and non-Big 4 audit. Channel tests show that capital market liberalization improves firms’ information environment and curbs self-interested management behavior.

Originality/value

This research provides empirical evidence for the consequences of capital market liberalization and enriches the literature on the determinants of corporate debt maturity structure. Further this study makes a reference for regulators and financial institutions to improve corporate financing through the governance role of capital market liberalization.

Details

China Accounting and Finance Review, vol. 27 no. 1
Type: Research Article
ISSN: 1029-807X

Keywords

Available. Open Access. Open Access
Article
Publication date: 23 January 2025

Wanru Xie, Yixin Zhao, Gang Zhao, Fei Yang, Zilong Wei and Jinzhao Liu

High-speed turnouts are more complex in structure and thus may cause abnormal vibration of high-speed train car body, affecting driving safety and passenger riding experience…

27

Abstract

Purpose

High-speed turnouts are more complex in structure and thus may cause abnormal vibration of high-speed train car body, affecting driving safety and passenger riding experience. Therefore, it is necessary to analyze the data characteristics of continuous hunting of high-speed trains passing through turnouts and propose a diagnostic method for engineering applications.

Design/methodology/approach

First, Complete Ensemble Empirical Mode Decomposition with Adaptive Noise (CEEMDAN) is performed to determine the first characteristic component of the car body’s lateral acceleration. Then, the Short-Time Fourier Transform (STFT) is performed to calculate the marginal spectra. Finally, the presence of a continuous hunting problem is determined based on the results of the comparison calculations and diagnostic thresholds. To improve computational efficiency, permutation entropy (PE) is used as a fast indicator to identify turnouts with potential problems.

Findings

Under continuous hunting conditions, the PE is less than 0.90; the ratio of the maximum peak value of the signal component to the original signal peak value exceeded 0.7, and there is an energy band in the STFT time-frequency map, which corresponds to a frequency distribution range of 1–2 Hz.

Originality/value

The research results have revealed the lateral vibration characteristics of the high-speed train’s car body during continuous hunting when passing through turnouts. On this basis, an effective diagnostic method has been proposed. With a focus on practical engineering applications, a rapid screening index for identifying potential issues has been proposed, significantly enhancing the efficiency of diagnostic processes.

Details

Railway Sciences, vol. 4 no. 1
Type: Research Article
ISSN: 2755-0907

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Article
Publication date: 18 July 2024

Sheng Liu, Xiao Lin and Xiuying Chen

This paper aims to reveal the green governance role played by stock connect in transition economies from the perspective of corporates’ environmental violations and provides…

42

Abstract

Purpose

This paper aims to reveal the green governance role played by stock connect in transition economies from the perspective of corporates’ environmental violations and provides implications for the coordination and optimization of subsequent stock market liberalization and green transformation policies in pursuit of carbon peaking and carbon neutrality goals.

Design/methodology/approach

With the data of Chinese listed enterprises, this paper takes the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect in China as a quasi-natural experiment and applies the multi-period difference-in-difference (DID) model to identify the impact of stock market liberalization on the corporates’ environmental violations.

Findings

The findings reveal that the stock market liberalization significantly restrains the corporates’ environmental violations. These findings are robust to a series of sensitivity tests, including excluding two-way effects, adjusting the year of policy implementation, replacing the core variables, introducing the regional fixed effects and excluding the interference effect of other relevant policies during the sample period. Furthermore, the stock market liberalization is beneficial for upgrading information disclosure quality, improving internal governance capability, strengthening environmental protection incentives, and thus restrains corporates’ environmental violations. Meanwhile, heterogeneity tests show that the inhibitory effects are more significant in those grouped samples which is large scale, state-owned nature, located in eastern region, with poor evaluation performances and heavy tax burden.

Originality/value

We make two marginal contributions to the current literature. First, this paper enriches the literature on the factors influencing corporate environmental violations by focusing on how the macro-level financial policy influences the micro-level corporate environmental violations. One the one hand, prior studies mainly focused on the consequences of corporate environmental violations; however, there is still a puzzle that the effect of stock market liberalization cannot be fully justified to influence corporate environmental violations. The findings help explain this puzzle by examining that stock market liberalization can restrain corporate environmental violations. Moreover, prior studies mainly focused on corporate share price (Yunsen Chen et al., 2022), market liquidity (Han Kim and Singal, 2000), information disclosure (Liang, Lin, and Chin 2012), corporate governance (Bae and Goyal, 2010) and corporate violations (Lingyun Xiong et al., 2021), but not on corporate environmental violations. We assume that the suppression effect of stock market liberalization on corporate environmental violations can help reduce corporate environmental violations, improve corporates’ awareness of environmental compliance. Second, this paper contributes to a better understanding of the literature on stock market liberalization by investigating the restraining effect of Stock Connect on corporate environmental violations from the perspective of information channel, corporate governance channel and motivation channel, which is of practical significance. Moreover, we investigate the differences in the inhibitory effects of stock market liberalization on different enterprises' environmental violations, from firm size, property rights, enterprise assessment results, tax burden to geographical location, which is conducive to the construction of a green financial system and the promotion of sustainable economic development. Our results show that firms which are large scale, state-owned nature, located in eastern region, with poor evaluation performances and heavy tax burden tend to compliance with environmental laws. These findings emphasize the importance and benefits of Stock Connect.

Details

Nankai Business Review International, vol. 16 no. 1
Type: Research Article
ISSN: 2040-8749

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Article
Publication date: 19 September 2023

Xiaoying Li, Xiujuan Jin, Heng Li, Lulu Gong and Deyang Zhou

Considering the substantial benefits derived from the use of Building Information Modeling (BIM) in construction projects, governments and its related sectors have introduced…

245

Abstract

Purpose

Considering the substantial benefits derived from the use of Building Information Modeling (BIM) in construction projects, governments and its related sectors have introduced mandatory policies requiring the use of BIM. However, little is known about the impact of mandatory policies on BIM-based project performance. Therefore, the purpose of this paper is to provide a systematical understanding on the impact of policy interventions on the implementation practice of innovative technologies.

Design/methodology/approach

This paper utilizes the propensity score matching and difference in differences (PSM-DID) method to investigate the impact of policy interventions on BIM-based project performance. Using the panel data collected from 2015 to 2021 in the Hong Kong construction industry, this paper explores the impact of the first mandatory BIM policy on the BIM-based project performance of three key stakeholders.

Findings

The subjective BIM performance and BIM return on investment (ROI) have significantly improved after implementing the mandatory BIM policy. The promotion effect of mandatory BIM policy on BIM-based project performance gradually increases over time. Moreover, the promotion effect of mandatory BIM policy on BIM performance shows significant heterogeneity for different stakeholders and organizations of different sizes.

Originality/value

This study examined the impact of policy interventions on BIM-based project performance. The research findings can provide a holistic understanding of the potential implications of innovative mandatory policy in performance improvement and offer some constructive suggestions to policymakers and industry practitioners to promote the penetration of BIM in the construction industry.

Details

Engineering, Construction and Architectural Management, vol. 32 no. 2
Type: Research Article
ISSN: 0969-9988

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Article
Publication date: 30 January 2025

Guangchao Lv, Qi Gao and Quanzhao Wang

To improve the surface quality of Mg2Si/Al composites after solution treatment, the formation mechanism of surface defects under milling machining conditions is investigated to…

3

Abstract

Purpose

To improve the surface quality of Mg2Si/Al composites after solution treatment, the formation mechanism of surface defects under milling machining conditions is investigated to reduce the surface roughness.

Design/methodology/approach

This paper analyzes the formation mechanism of surface defects on Mg2Si/Al composites under micro-milling conditions by establishing a two-dimensional finite element simulation model. Response surface (Box–Behnken) experiments are designed to establish a prediction model for surface roughness, and an analysis of extreme variance is used to investigate the effects of milling depth (ap), spindle speed (vs) and feed rate (vf) on surface quality. NSGA-II multi-objective optimization algorithm is used to optimize the process parameters by considering surface roughness and milling efficiency. Experiments are also applied to verify the relationship between surface defects and particle damage. The effect of depth of cut on surface defects is also investigated.

Findings

There are few studies on solid solution treated Mg2Si/Al composites. Solid solution treated Mg2Si/Al composites have excellent material properties without changing the original shape of the material, and they are indispensable and critical materials in the fields of aerospace, energy, electronic information and energy transportation.

Originality/value

This study elucidates the formation mechanism of surface damage in Mg2Si/Al composites, optimizes reasonable process parameters and provides technical guidance for its milling processing.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/ILT-08-2024-0309/

Details

Industrial Lubrication and Tribology, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0036-8792

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Article
Publication date: 24 February 2025

Igor Postuła, Agata Wieczorek and Tomasz Sosnowski

The study aims to investigate the impact of state ownership on company market performance, i.e. on share price returns and volatility, during the COVID-19 pandemic.

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Abstract

Purpose

The study aims to investigate the impact of state ownership on company market performance, i.e. on share price returns and volatility, during the COVID-19 pandemic.

Design/methodology/approach

The study analyzes data from 125 companies listed on the Warsaw Stock Exchange between 2019 and 2020. Cumulative abnormal rates of return and quarterly standard deviation are used to measure investment return and price volatility. Panel ordinary least square regression models assess the influence of state ownership on stock market dynamics.

Findings

Our findings indicate that state ownership has a dual impact on share prices: it reduces both share price growth and volatility. The significant reduction in share price volatility provides evidence that state ownership enhances stability in uncertain market conditions, benefiting from governmental support.

Practical implications

Our findings convey to investors that state ownership promotes share price stability but may not lead to substantial increases in market value. To maintain a stable SOE share price, the state as a shareholder should be credible to investors, i.e. act transparently and inform the market about planned activities.

Originality/value

Previous studies concentrate mainly on the impact of state ownership on financial performance during the pandemic, while in a much lesser scope on market performance. We contribute to the literature by providing a more comprehensive understanding of the impact of state ownership on corporate market performance, particularly during the pandemic, through the lens of agency theory and resource-based theory.

Details

Baltic Journal of Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-5265

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Article
Publication date: 7 July 2023

Jianfei Zhao, Thitinan Chankoson, Wenjin Cheng and Anan Pongtornkulpanich

A green innovation strategy is an important step for enterprises to balance economic and environmental. As the executors of strategic decisions, the attitude and capabilities of…

880

Abstract

Purpose

A green innovation strategy is an important step for enterprises to balance economic and environmental. As the executors of strategic decisions, the attitude and capabilities of senior managers determine the effectiveness of implementing green innovation. Therefore, this paper aims to explore the relationship between executive compensation incentives and green innovation.

Design/methodology/approach

Based on the data of heavily polluting enterprises listed in China's A-share market from 2015 to 2020, this study constructs an OLS model with fixed effects of time and industry, and uses the mediation three-step method to verify the correlation between executive compensation incentives, innovation openness and green innovation. Meanwhile, the grouping regression was used to test the moderating effect of environmental regulation on executive compensation incentives.

Findings

The empirical results show that executive salary incentives promote green innovation and equity incentives inhibit green innovation; the openness breadth partially mediates the relationship between salary incentives, equity incentives and green innovation, while the openness depth only partially mediates the relationship between equity incentives and green innovation; and environmental regulation positively moderates executive incentives.

Research limitations/implications

Due to sample selection and variable measurement, the study lacks certain generality. Therefore, future research needs to further analyze the internal factors affecting green innovation from multiple dimensions.

Practical implications

This study provides a new evidence for analyzing how executive compensation measures affect green innovation, and further enhances the mediating mechanism of open innovation.

Originality/value

This study has significant theoretical implications for examining the intra-firm factors that affect green innovation.

Details

European Journal of Innovation Management, vol. 28 no. 2
Type: Research Article
ISSN: 1460-1060

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Article
Publication date: 28 June 2024

Guozhang Xu, Wanming Chen, Yongyuan Ma and Huanhuan Ma

Drawing on the tenets of institutional theory, the purpose of this study is to examine the impact of Confucianism on technology for social good, while also considering the…

208

Abstract

Purpose

Drawing on the tenets of institutional theory, the purpose of this study is to examine the impact of Confucianism on technology for social good, while also considering the moderating influence of extrinsic informal institutions (foreign culture) and intrinsic formal institutions (property rights).

Design/methodology/approach

This study constructs a comprehensive database comprising 9,759 firm-year observations in China by using a sample of Chinese A-share listed firms from 2016 to 2020. Subsequently, the hypotheses are examined and confirmed, with the validity of the results being upheld even after conducting endogenous and robustness tests.

Findings

The findings of this study offer robust and consistent evidence supporting the notion that Confucianism positively affects technology for social good through both incentive effect and normative effect. Moreover, this positive influence is particularly prominent in organizations with limited exposure to foreign culture and in nonstate-owned enterprises.

Originality/value

The findings contribute to the literature by fostering a deep understanding of technology for social good and Confucianism research, and further provide a nuanced picture of the role of foreign culture and property rights in the process of technology for social good in China.

Details

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

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Article
Publication date: 31 May 2024

Monojit Das, V.N.A. Naikan and Subhash Chandra Panja

The aim of this paper is to review the literature on the prediction of cutting tool life. Tool life is typically estimated by predicting the time to reach the threshold flank wear…

210

Abstract

Purpose

The aim of this paper is to review the literature on the prediction of cutting tool life. Tool life is typically estimated by predicting the time to reach the threshold flank wear width. The cutting tool is a crucial component in any machining process, and its failure affects the manufacturing process adversely. The prediction of cutting tool life by considering several factors that affect tool life is crucial to managing quality, cost, availability and waste in machining processes.

Design/methodology/approach

This study has undertaken the critical analysis and summarisation of various techniques used in the literature for predicting the life or remaining useful life (RUL) of the cutting tool through monitoring the tool wear, primarily flank wear. The experimental setups that comprise diversified machining processes, including turning, milling, drilling, boring and slotting, are covered in this review.

Findings

Cutting tool life is a stochastic variable. Tool failure depends on various factors, including the type and material of the cutting tool, work material, cutting conditions and machine tool. Thus, the life of the cutting tool for a particular experimental setup must be modelled by considering the cutting parameters.

Originality/value

This submission discusses tool life prediction comprehensively, from monitoring tool wear, primarily flank wear, to modelling tool life, and this type of comprehensive review on cutting tool life prediction has not been reported in the literature till now. The future suggestions provided in this review are expected to provide avenues to solve the unexplored challenges in this field.

Details

International Journal of Quality & Reliability Management, vol. 42 no. 2
Type: Research Article
ISSN: 0265-671X

Keywords

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