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Article
Publication date: 31 October 2023

Xin Liao and Wen Li

Considering the frequency of extreme events, enhancing the global financial system's stability has become crucial. This study aims to investigate the contagion effects of extreme…

118

Abstract

Purpose

Considering the frequency of extreme events, enhancing the global financial system's stability has become crucial. This study aims to investigate the contagion effects of extreme risk events in the international commodity market on China's financial industry. It highlights the significance of comprehending the origins, severity and potential impacts of extreme risks within China's financial market.

Design/methodology/approach

This study uses the tail-event driven network risk (TENET) model to construct a tail risk spillover network between China's financial market and the international commodity market. Combining with the characteristics of the network, this study employs an autoregressive distributed lag (ARDL) model to examine the factors influencing systemic risks in China's financial market and to explore the early identification of indicators for systemic risks in China's financial market.

Findings

The research reveals a strong tail risk contagion effect between China's financial market and the international commodity market, with a more pronounced impact from the latter to the former. Industrial raw materials, food, metals, oils, livestock and textiles notably influence China's currency market. The systemic risk in China's financial market is driven by systemic risks in the international commodity market and network centrality and can be accurately predicted with the ARDL-error correction model (ECM) model. Based on these, Chinese regulatory authorities can establish a monitoring and early warning mechanism to promptly identify contagion signs, issue timely warnings and adjust regulatory measures.

Originality/value

This study provides new insights into predicting systemic risk in China's financial market by revealing the tail risk spillover network structure between China's financial and international commodity markets.

Details

Kybernetes, vol. 54 no. 2
Type: Research Article
ISSN: 0368-492X

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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.

13

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: 10 January 2025

Jianjun Yang, Lei Gu, Kangxin Liu and Cheng Deng

Implementing green innovation is crucial for firms to build or sustain competitive advantages within the context of the sustainable development goals. Academic research has…

52

Abstract

Purpose

Implementing green innovation is crucial for firms to build or sustain competitive advantages within the context of the sustainable development goals. Academic research has broadly explored how firms can induce green innovation behavior (GIB), examining external factors, but few studies in the current literature have deeply investigated unabsorbed slack as an internal antecedent of GIB. Drawing upon the behavioral theory of the firm and integrating it with dynamic capabilities theory, this study aims to address this deficiency by investigating the impact of unabsorbed slack on GIB and the mediating roles of two dimensions of capability reconfiguration: capability evolution and capability substitution in the relationship between unabsorbed slack and GIB. Furthermore, this study also discusses the moderating effects of consumer green pressure on the relationship between unabsorbed slack and capability evolution/substitution.

Design/methodology/approach

Survey data were collected from 286 Chinese technology-intensive manufacturing firms to empirically test the relationships among the variables.

Findings

The results reveal that unabsorbed slack has a positive influence on GIB. Furthermore, capability evolution and substitution both play mediating roles in the relationship between unabsorbed slack and GIB. Comparative analysis showed that the mediating effect of capability substitution is stronger than that of capability evolution. Moreover, consumer green pressure strengthens the positive relationship between unabsorbed slack and capability evolution/substitution.

Originality/value

This study enriches the research on the driving forces of GIB and contributes to providing managerial implications for firms to launch green innovation activities.

Details

Journal of Business & Industrial Marketing, vol. 40 no. 2
Type: Research Article
ISSN: 0885-8624

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Article
Publication date: 5 February 2025

Justyna Żywiołek, Kaliyan Mathiyazhagan, Umer Shahzad, Xin Zhao and Tarik Saikouk

This research primarily aims to investigate the impact of organizational implants on knowledge transmission, process innovation and security integration in intricate supply chains.

42

Abstract

Purpose

This research primarily aims to investigate the impact of organizational implants on knowledge transmission, process innovation and security integration in intricate supply chains.

Design/methodology/approach

The research utilizes a mixed-method approach, employing a stratified sampling strategy to get a representative sample of 1,284 enterprises from various sectors within the logistics industry within the European Union. Data were gathered by computer-assisted web interviewing (CAWI) and analysed utilizing structural equation modelling (SEM) to evaluate hypotheses concerning cognitive congruence, process diffusion and security integration.

Findings

The results indicate that while task interdependence clearly improves face-to-face communication, excessive cognitive congruence can hinder process innovation, resulting in what the article terms “cognitive rigidity.” The study suggests that achieving a balance between cognitive congruence and cognitive flexibility is crucial to improving the safety diffusion and integration process.

Originality/value

This study presents an innovative conceptual framework that synthesizes cognitive congruence, cognitive flexibility and cognitive rigidity to examine their combined influence on knowledge transfer and process dissemination throughout supply chains. It presents cognitive stiffness as a boundary condition, contesting the conventional belief that more cognitive congruence is invariably advantageous.

Details

The International Journal of Logistics Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0957-4093

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Article
Publication date: 4 February 2025

Linwei Dang, Xiaofan He, Dingcheng Tang, Hao Xin and Bin Wu

Pores are the primary cause of fatigue failure in laser-directed energy deposition (L-DED) titanium alloys, which are largely determined by their location, size and shape. It is…

45

Abstract

Purpose

Pores are the primary cause of fatigue failure in laser-directed energy deposition (L-DED) titanium alloys, which are largely determined by their location, size and shape. It is crucial for promoting the application of L-DED titanium alloys and ensuring their safety that establishing a fatigue life prediction method induced by pores, resulting in a proposed fatigue life prediction framework for L-DED Ti-6Al-4V based on a physics-informed neural network (PINN) algorithm.

Design/methodology/approach

In this study, a novel fatigue life prediction framework for L-DED Ti-6Al-4V based on a PINN algorithm was proposed. The influence patterns of various fatigue-sensitive parameters were revealed. The paper also included validation and analysis of the method, such as hyperparameter analysis of the PINN, efficacy analysis driven by physical information and comparative analysis of different methods.

Findings

The proposed method demonstrated high accuracy, with a correlation coefficient of 0.99 with experimental life. The coefficient of determination was 0.95 and the mean squared error was 0.06.

Originality/value

The results indicate that the proposed fatigue life prediction framework was of strong generalization capability and robustness.

Details

International Journal of Structural Integrity, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1757-9864

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Article
Publication date: 24 February 2025

Jian Guan, Xiao He, Yuhan Su and Xin-an Zhang

Artificial Intelligence (AI) is revolutionizing the world. Despite the numerous advantages of AI in terms of faster processing and higher efficiency, AI hasn’t been widely…

8

Abstract

Purpose

Artificial Intelligence (AI) is revolutionizing the world. Despite the numerous advantages of AI in terms of faster processing and higher efficiency, AI hasn’t been widely accepted by humans yet. This study aims to shed light on this phenomenon by exploring the Dunning–Kruger Effect in AI knowledge and examining how AI knowledge affects AI acceptance through AI-related self-efficacy.

Design/methodology/approach

By collecting data from 179 managers, we examined the Dunning–Kruger Effect in AI knowledge and used mediation analysis to explore the mechanisms by which AI knowledge leads to AI acceptance.

Findings

Our findings indicated the presence of the Dunning–Kruger Effect in AI knowledge. Furthermore, our results revealed that AI knowledge has a nonlinear effect on AI acceptance through AI-related self-efficacy.

Originality/value

In contrast to previous research that posited a linear link between knowledge and acceptance of technology, this study offers a new framework for the nonlinear relationships between AI knowledge, AI-related self-efficacy and AI acceptance by extending the Dunning–Kruger effect to the AI field.

Details

Management Decision, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0025-1747

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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…

213

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: 27 January 2025

Zhong Du, Xiang Li and Zhi-Ping Fan

In the practice of live streaming e-commerce, the consumer demand is usually uncertain, and the inventory and prices can be decided by brand owners or streamers. To this end, this…

63

Abstract

Purpose

In the practice of live streaming e-commerce, the consumer demand is usually uncertain, and the inventory and prices can be decided by brand owners or streamers. To this end, this study examines the inventory and pricing decisions of the brand owner and streamer in a live streaming e-commerce supply chain under demand uncertainty.

Design/methodology/approach

In this study, four scenarios are considered, i.e. the brand owner determines the inventory and price (Scenario BB), the brand owner determines the inventory and the streamer determines the price (Scenario BS), the streamer determines the inventory and the brand owner determines the price (Scenario SB), and the streamer determines the inventory and price (Scenario SS).

Findings

The results show that the inventory and prices, as well as the profits of the brand owner and streamer increase with the consumer sensitivity to streamer’s sales effort level under the four scenarios. The inventory (price) is the highest under Scenario SS (SB), while that is the lowest under Scenario BB (BS). In addition, when the sensitivity is low, the brand owner’s profit is the highest under Scenario BB, otherwise, the profit is the highest under Scenario SS. Regardless of the sensitivity, the streamer’s profit is always the highest under Scenario SS.

Originality/value

Few studies focused on the inventory and pricing decisions of brand owners and streamers in live streaming e-commerce supply chains under demand uncertainty, while this work bridges the research gap. This study can provide theoretical basis and decision support for brand owners and streamers.

Details

Industrial Management & Data Systems, vol. 125 no. 3
Type: Research Article
ISSN: 0263-5577

Keywords

Available. Open Access. Open Access
Article
Publication date: 21 November 2024

Nelesh Dhanpat

This research proposes a new construct towards the job crafting theory, termed job crafting agility. The study provides the potential contributions of job crafting agility in the…

240

Abstract

Purpose

This research proposes a new construct towards the job crafting theory, termed job crafting agility. The study provides the potential contributions of job crafting agility in the context of rethinking behaviours in organizations during times of disruption and change.

Design/methodology/approach

A conceptual analysis is followed to present the construct of job crafting agility, based on a review of job crafting and agility literature.

Findings

The research proposes job-crafting agility as a dynamic and proactive process of balancing job demands and resources in response to changing or fluctuating circumstances. The study provides four propositions on job-crafting agility. This research contributes to the existing literature by proposing a new construct, job-crafting agility that can help organizations and employees adapt to changing circumstances during disruption and change. It highlights the unique components of job-crafting agility and its theoretical foundations and distinguishes the new construct from other forms of job crafting.

Research limitations/implications

The construct of job crafting agility is new and requires further empirical validation. It presents several propositions as recommendations for future studies.

Practical implications

The paper provides practical implications for organizations and managers on promoting job crafting agility among employees. It emphasizes the importance of creating a work environment that encourages flexibility, experimentation and learning to enable employees to adjust to changing circumstances effectively.

Originality/value

This research makes a novel contribution by introducing and defining job crafting agility, and advances job crafting theory by exploring how job crafting agility can foster resilience and positive organizational outcomes amid continual change and disruption.

Details

International Journal of Organization Theory & Behavior, vol. 28 no. 1
Type: Research Article
ISSN: 1093-4537

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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

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