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1 – 10 of 52The purpose of this paper is to provide a critical historical analysis of the business (mis)behaviors and influencing factors that discourage enduring cooperation between…
Abstract
Purpose
The purpose of this paper is to provide a critical historical analysis of the business (mis)behaviors and influencing factors that discourage enduring cooperation between principals and agents, to introduce strategies that embrace the social values, economic motivation and institutional designs historically adopted to curtail dishonest acts in international business and to inform an improved principal–agent theory that reflects principal–agent reciprocity as shaped by social, political, cultural, economic, strategic and ideological forces
Design/methodology/approach
The critical historical research method is used to analyze Chinese compradors and the foreign companies they served in pre-1949 China.
Findings
Business practitioners can extend orthodox principal–agent theory by scrutinizing the complex interactions between local agents and foreign companies. Instead of agents pursuing their economic interests exclusively, as posited by principal–agent theory, they also may pursue principal-shared interests (as suggested by stewardship theory) because of social norms and cultural values that can affect business-related choices and the social bonds built between principals and agents.
Research limitations/implications
The behaviors of compradors and foreign companies in pre-1949 China suggest international business practices for shaping social bonds between principals and agents and foreign principals’ creative efforts to enhance shared interests with local agents.
Practical implications
Understanding principal–agent theory’s limitations can help international management scholars and practitioners mitigate transaction partners’ dishonest acts.
Originality/value
A critical historical analysis of intermediary businesspeople’s (mis)behavior in pre-1949 (1840–1949) China can inform the generalizability of principal–agent theory and contemporary business strategies for minimizing agents’ dishonest acts.
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Boualem Djehiche and Peter Helgesson
We aim to generalize the continuous-time principal–agent problem to incorporate time-inconsistent utility functions, such as those of mean-variance type, which are prevalent in…
Abstract
Purpose
We aim to generalize the continuous-time principal–agent problem to incorporate time-inconsistent utility functions, such as those of mean-variance type, which are prevalent in risk management and finance.
Design/methodology/approach
We use recent advancements of the Pontryagin maximum principle for forward-backward stochastic differential equations (FBSDEs) to develop a method for characterizing optimal contracts in such models. This approach addresses the challenges posed by the non-applicability of the classical Hamilton–Jacobi–Bellman equation due to time inconsistency.
Findings
We provide a framework for deriving optimal contracts in the principal–agent problem under hidden action, specifically tailored for time-inconsistent utilities. This is illustrated through a fully solved example in the linear-quadratic setting, demonstrating the practical applicability of the method.
Originality/value
The work contributes to the existing literature by presenting a novel mathematical approach to a class of continuous time principal–agent problems, particularly under hidden action with time-inconsistent utilities, a scenario not previously addressed. The results offer potential insights for both theoretical development and practical applications in finance and economics.
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Xiaoliang Tang, Jun Zhou, Guangjian Jian, Qingzhu Deng, Wen Zhao, Shaolan Mo, Zuxin She, Yong Zhong, Lun Huang, Chang Shu, Maolin Pan and Zhongwei Wang
The objective of this study is to use non-destructive testing of corrosion on coated aluminium alloys using differential eddy current detection (DECD), with the aim of elucidating…
Abstract
Purpose
The objective of this study is to use non-destructive testing of corrosion on coated aluminium alloys using differential eddy current detection (DECD), with the aim of elucidating the relationship between the characteristics of corrosion defects and the detection signal.
Design/methodology/approach
Pitting corrosion defects of varying geometrical dimensions were fabricated on the surface of aluminium alloy plates, and their impedance signals were detected using DECD to investigate the influence of defect diameter, depth, corrosion products and coating thickness on the detection signals. Furthermore, finite element analysis was used to ascertain the eddy current distributions and detection signals under different parameters.
Findings
The size of the defect is positively correlated with the strength of the detection signal, with the defect affecting the latter by modifying the distribution and magnitude of the eddy current. An increase in the diameter and depth of corrosion defects will enhance the eddy current detection (ECD) signal. The presence of corrosion products in the corrosion defects has no significant effect on the eddy current signal. The presence of a coating results in a decrease in the ECD signal, with the magnitude of this decrease increasing with the thickness of the coating.
Originality/value
The objective is to provide experimental and theoretical references for the design of eddy current non-destructive testing equipment and eddy current testing applications.
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Jiawei Liu, Zi Xiong, Yi Jiang, Yongqiang Ma, Wei Lu, Yong Huang and Qikai Cheng
Fine-tuning pre-trained language models (PLMs), e.g. SciBERT, generally require large numbers of annotated data to achieve state-of-the-art performance on a range of NLP tasks in…
Abstract
Purpose
Fine-tuning pre-trained language models (PLMs), e.g. SciBERT, generally require large numbers of annotated data to achieve state-of-the-art performance on a range of NLP tasks in the scientific domain. However, obtaining fine-tuning data for scientific NLP tasks is still challenging and expensive. In this paper, the authors propose the mix prompt tuning (MPT), which is a semi-supervised method aiming to alleviate the dependence on annotated data and improve the performance of multi-granularity academic function recognition tasks.
Design/methodology/approach
Specifically, the proposed method provides multi-perspective representations by combining manually designed prompt templates with automatically learned continuous prompt templates to help the given academic function recognition task take full advantage of knowledge in PLMs. Based on these prompt templates and the fine-tuned PLM, a large number of pseudo labels are assigned to the unlabelled examples. Finally, the authors further fine-tune the PLM using the pseudo training set. The authors evaluate the method on three academic function recognition tasks of different granularity including the citation function, the abstract sentence function and the keyword function, with data sets from the computer science domain and the biomedical domain.
Findings
Extensive experiments demonstrate the effectiveness of the method and statistically significant improvements against strong baselines. In particular, it achieves an average increase of 5% in Macro-F1 score compared with fine-tuning, and 6% in Macro-F1 score compared with other semi-supervised methods under low-resource settings.
Originality/value
In addition, MPT is a general method that can be easily applied to other low-resource scientific classification tasks.
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Abstract
Purpose
This study quantitatively investigates the impacts of digital and learning orientations on supply chain resilience (SCR) and firm performance (FP), aiming to fill the gaps in understanding their specific impacts in the context of Industry 4.0 developments and supply chain disruptions.
Design/methodology/approach
This study utilized survey techniques and structural equation modelling (SEM) to gather and analyse data through a questionnaire based on a seven-point Likert scale. Hypotheses were formulated based on an extensive literature review and tested using Amos software.
Findings
The study confirms SCR’s significant impact on FP, aligning with existing research on resilience’s role in organizational competitiveness. This study uncovers the nuanced impacts of digital and learning orientations on SCR and FP. Internal digital orientation (DOI) positively impacts SCR, while external digital orientation (DOE) does not. Specific dimensions of learning orientation – shared vision (LOS), open-mindedness (LOO) and intraorganizational knowledge sharing (LOI) – enhance SCR, while commitment to learning (LOC) does not. SCR mediates the relationship between DOI and FP but not between DOE and FP.
Research limitations/implications
This research focuses on digital and learning orientations, recommending that future studies investigate other strategic orientations and examine the specific contributions of various digital technologies to SCR across diverse contexts.
Practical implications
The empirical findings emphasize the significance of developing internal digital capabilities and specific learning orientations to enhance SCR and FP, aligning these initiatives with resilience strategies.
Originality/value
This study advances knowledge by distinguishing the impacts of internal and external digital orientations and specific learning dimensions on SCR and FP, offering nuanced insights and empirical validation.
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Qixin Zhu, Wenxin Sun, Yehu Shen, Guizhong Fu, Yong Yang and Jinbin Li
This study aims to improve the control accuracy and antidisturbance performance of the manipulator with the flexible link, a combined controller, which combines the novel…
Abstract
Purpose
This study aims to improve the control accuracy and antidisturbance performance of the manipulator with the flexible link, a combined controller, which combines the novel backstepping sliding mode controller based on the extended state observer (ESO) and super-twisting sliding mode controller.
Design/methodology/approach
First, the dynamic of the system is constructed by Lagrange method and assumed mode method, and then the dynamic is decoupled by the singular perturbation theory to obtain the slow-varying subsystem and fast-varying subsystem. For the slow-varying subsystem, the novel backstepping sliding mode controller based on ESO is used to achieve joint tracking. For the fast-varying subsystem, the super-twisting sliding mode controller is used for vibration suppression. At the same time, to suppress chattering, the tanh function is used to replace the sign function in the reaching law.
Findings
The simulation results show that the combined control has better trajectory tracking performance, antiinterference performance and vibration suppression performance than traditional sliding mode control (SMC).
Originality/value
A novel backstepping sliding mode controller based on ESO is designed to guarantee the performance of the tracking trajectory. The new controller improves the converge rate. A super-twisting sliding mode controller, which can stabilize the fast-varying subsystem, is used to suppress the vibration of flexible link.
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Ji-Myong Kim, Sang-Guk Yum, Manik Das Adhikari and Junseo Bae
This study proposes a deep learning algorithm-based model to predict the repair and maintenance costs of apartment buildings, by collecting repair and maintenance cost data that…
Abstract
Purpose
This study proposes a deep learning algorithm-based model to predict the repair and maintenance costs of apartment buildings, by collecting repair and maintenance cost data that were incurred in an actual apartment complex. More specifically, a long short-term memory (LSTM) algorithm was adopted to develop the prediction model, while the robustness of the model was verified by recurrent neural networks (RNN) and gated recurrent units (GRU) models.
Design/methodology/approach
Repair and maintenance cost data incurred in actual apartment complexes is collected, along with various input variables, such as repair and maintenance timing (calendar year), usage types, building ages, temperature, precipitation, wind speed, humidity and solar radiation. Then, the LSTM algorithm is employed to predict the costs, while two other learning models (RNN and GRU) are taught to validate the robustness of the LSTM model based on R-squared values, mean absolute errors and root mean square errors.
Findings
The LSTM model’s learning is more accurate and reliable to predict repair and maintenance costs of apartment complex, compared to the RNN and GRU models’ learning performance. The proposed model provides a valuable tool that can contribute to mitigating financial management risks and reducing losses in forthcoming apartment construction projects.
Originality/value
Gathering a real-world high-quality data set of apartment’s repair and maintenance costs, this study provides a highly reliable prediction model that can respond to various scenarios to help apartment complex managers plan resources more efficiently, and manage the budget required for repair and maintenance more effectively.
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Shuochen Wei, Lifang Wang, Wenbo Jiang and Taiwen Feng
Based on upper echelons theory and social contagion theory, we investigate how environmental leadership affects GIC via green human resource management (GHRM) and examine the…
Abstract
Purpose
Based on upper echelons theory and social contagion theory, we investigate how environmental leadership affects GIC via green human resource management (GHRM) and examine the moderating role of environmental climate.
Design/methodology/approach
We conduct hierarchical regression and use the bootstrap method to analyze the two-waved data from 317 Chinese manufacturers in order to verify the hypotheses.
Findings
The results indicate that GHRM mediates the impacts of environmental leadership on green human capital, structural capital and relational capital. In addition, environmental climate strengthens the positive impact of environmental leadership on GHRM.
Originality/value
Our study enriches the literature on GIC by uncovering the “black box” between environmental leadership and GIC, providing a logical framework opposite to mainstream GIC research, and expanding the boundary condition for GIC accumulation. This study provides more logical paths for enterprises and governments to increase the accumulation of GIC and promote green intellectual economy development.
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Artificial Intelligence (AI) has revolutionized teaching and learning methods in higher education, especially in English language teaching and learning. This chapter contributes…
Abstract
Artificial Intelligence (AI) has revolutionized teaching and learning methods in higher education, especially in English language teaching and learning. This chapter contributes to the existing knowledge by exploring how AI has developed within the framework of teaching and learning of English, highlighting the challenges, dangers, and moral issues associated with its application. The typical classroom environment has significantly changed because of the integration of AI-powered tools and platforms in English instruction. Chatbots, automated grading systems, and language learning apps driven by AI have streamlined language education, increasing its effectiveness and accessibility. But these benefits accompany a variety of challenges and worries. Ethical concerns about data privacy, algorithmic biases, and the depersonalization of education arise as AI becomes more deeply ingrained in educational methods. Reliance on AI may inadvertently exacerbate educational disparities as long as learners' access to technology and its advantages remain unequal. In addition, significant thought must be given to the ethical ramifications of AI-generated content as well as the possible loss of human connection in language learning settings. This chapter examines these dangers and challenges and makes the case for a well-rounded strategy that maximizes AI's benefits while minimizing any potential downsides. Together, educators and legislators need to create moral guidelines that balance the potential of AI with human-centered learning experiences. To ensure responsible and fair AI integration and promote an inclusive learning environment that prioritizes students' holistic development while exploiting technology breakthroughs, comprehensive assessment of the associated obstacles, risks, and ethical issues is necessary.
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Abstract
Purpose
The purpose of this study is to examine the effect of collaborative innovation networks on new product development (NPD) performance in small and medium-sized enterprises (SMEs). It also investigates the mediating role of business model innovation and moderating role of collaboration experience and external information technology (IT) capability in the above relationship.
Design/methodology/approach
To test the research hypotheses about the relationships above, survey data were collected from 209 Chinese manufacturing SMEs. Multiple hierarchical regressions analysis was used to examine the hypotheses.
Findings
Results reveal that collaborative innovation networks have positive impacts on NPD performance in SMEs. Moreover, business model innovation mediates and collaboration experience and external IT capability positively moderate the relationship between collaborative innovation networks and NPD performance in SMEs.
Originality/value
This study paints a more complete picture of the relationship between collaborative innovation networks and NPD performance in SMEs and advances the understanding of how and when SMEs enhance their NPD performance through collaborative innovation networks.
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