Chao Li, Mengjun Huo and Renhuai Liu
The purpose of this paper is to empirically analyze the impact of directors’ and officers’ (D&O) liability insurance on enterprise strategic change. It also explores the mediating…
Abstract
Purpose
The purpose of this paper is to empirically analyze the impact of directors’ and officers’ (D&O) liability insurance on enterprise strategic change. It also explores the mediating role of litigation risk, the moderating roles of enterprise science and technology level and precipitation organizational slack between them. In addition, it examines the joint moderating roles of the top management team (TMT) external social network and enterprise science and technology level, and enterprise scale and precipitation organizational slack.
Design/methodology/approach
Using the unbalanced panel data of A-share listed companies in the Shanghai and Shenzhen stock exchanges of China from 2002 to 2020 as the research sample, this paper uses the ordinary least square method and fixed-effect model to study the relationship between D&O liability insurance and enterprise strategic change. The study also focuses on the mediating mechanism and moderating mechanisms between them.
Findings
The authors find that D&O liability insurance has an “incentive effect,” which can significantly promote enterprise strategic change. Litigation risk plays a partial mediating role between D&O liability insurance and enterprise strategic change. Enterprise science and technology level and precipitation organizational slack negatively moderate the relationship between D&O liability insurance and enterprise strategic change. TMT external social network and enterprise science and technology level, and enterprise-scale and precipitation organizational slack have joint moderating effects on the relationship between D&O liability insurance and enterprise strategic change.
Originality/value
This paper confirms the “incentive effect hypothesis” of the impact of D&O liability insurance on enterprise strategic change, which not only broadens the research perspective of enterprise strategic management but also further expands the research scope of D&O liability insurance. Besides, this paper thoroughly explores the influencing mechanisms between D&O liability insurance and enterprise strategic change, providing incremental contributions to the research literature in the field of enterprise risk management and corporate governance. The findings have practical guiding significance for expanding the coverage of D&O liability insurance, promoting the implementation of strategic changes and improving the level of corporate governance of Chinese enterprises.
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Wenhai Tan, Yichen Zhang, Yuhao Song, Yanbo Ma, Chao Zhao and Youfeng Zhang
Aqueous zinc-ion battery has broad application prospects in smart grid energy storage, power tools and other fields. Co3O4 is one of the ideal cathode materials for water zinc-ion…
Abstract
Purpose
Aqueous zinc-ion battery has broad application prospects in smart grid energy storage, power tools and other fields. Co3O4 is one of the ideal cathode materials for water zinc-ion batteries due to their high theoretical capacity, simple synthesis, low cost and environmental friendliness. Many studies were concentrated on the synthesis, design and doping of cathodes, but the effect of process parameters on morphology and performance was rarely reported.
Design/methodology/approach
Herein, Co3O4 cathode material based on carbon cloth (Co3O4/CC) was prepared by different temperatures hydrothermal synthesis method. The temperatures of hydrothermal reaction are 100°C, 120°C, 130°C and 140°C, respectively. The influence of temperatures on the microstructures of the cathodes and electrochemical performance of zinc ion batteries were investigated by X-ray diffraction analysis, scanning electron microscopy, cyclic voltammetry curve, electrochemical charging and discharging behavior and electrochemical impedance spectroscopy test.
Findings
The results show that the Co3O4/CC material synthesized at 120°C has good performance. Co3O4/CC nanowire has a uniform distribution, regular surface and small size on carbon cloth. The zinc-ion battery has excellent rate performance and low reaction resistance. In the voltage range of 0.01–2.2 V, when the current density is 1 A/g, the specific capacity of the battery is 108.2 mAh/g for the first discharge and the specific capacity of the battery is 142.6 mAh/g after 60 charge and discharge cycles.
Originality/value
The study aims to investigate the effect of process parameters on the performance of zinc-ion batteries systematically and optimized applicable reaction temperature.
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Lei Chen, Lihong Cheng, Yuxing Cheng and Xuesong Xu
This paper considers an e-tailer planning to distribute a product under one direct sales channel and multiple asymmetric agency platforms. Based on the multinomial logit (MNL…
Abstract
Purpose
This paper considers an e-tailer planning to distribute a product under one direct sales channel and multiple asymmetric agency platforms. Based on the multinomial logit (MNL) choice model, this study optimizes the pricing strategy and channel selection strategy to maximize the e-tailer’s profit.
Design/methodology/approach
A two-stage channel selection and pricing problem is formulated, where the profit-maximizing e-tailer first optimally selects a specified number of agency platforms from a set of alternatives to distribute the product and then determines the optimal prices in those channels.
Findings
An optimal pricing strategy is proposed to maximize the e-tailer’s total profit on multiple asymmetric channels. The results show that the e-tailer can obtain a higher profit by selling products on more asymmetric agency platforms. Moreover, an effective channel selection algorithm is provided to help the e-tailer optimally select the M agency platforms from N alternatives.
Originality/value
This study enriches the relevant research on multichannel selection and pricing by proposing an optimal pricing strategy and an effective channel selection algorithm. Evaluation results based on real-world industrial data show that the proposed optimal multichannel pricing strategy in this paper can significantly improve the profit of a real-world e-tailer compared to the e-tailer’s actual profit.
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Shuhao Li, Yuhang Zhang and Mimi Chen
This study aims to investigate the different effects of physical and social servicescapes on brand love for internet-famous restaurants, focusing on their pathways and strengths…
Abstract
Purpose
This study aims to investigate the different effects of physical and social servicescapes on brand love for internet-famous restaurants, focusing on their pathways and strengths of influence.
Design/methodology/approach
Structural equation modeling was applied to analyze data from 387 online questionnaires in China.
Findings
Results indicate that social servicescape directly influences brand love for internet-famous restaurants, while physical servicescape does not. The effect of physical servicescape on brand love for internet-famous restaurants is mediated by perceived coolness and perceived enjoyment, whereas social servicescape’s influence is mediated solely by perceived enjoyment. Overall, physical servicescape has a stronger impact on brand love for internet-famous restaurants compared to social servicescape.
Practical implications
The findings help internet-famous restaurants create effective physical and social servicescapes to enhance brand love, underscoring that physical servicescape is more crucial than social servicescape for cultivating this love.
Originality/value
This study contributes to the literature by analyzing the heterogeneous pathways and strengths of physical and social servicescapes influencing brand love for internet-famous restaurants, while highlighting the mediating role of perceived coolness and expanding the application scope of cognitive appraisal theory.
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Cong Doanh Duong, Thanh Hieu Nguyen, Thi Viet Nga Ngo, Thu Van Bui and Nhat Minh Tran
The current study aims to investigate the impact of perceived blockchain-related information transparency on consumers’ intention to purchase organic food. This study examines how…
Abstract
Purpose
The current study aims to investigate the impact of perceived blockchain-related information transparency on consumers’ intention to purchase organic food. This study examines how perceived blockchain- related information transparency, directly and indirectly, affects purchase intentions through attitudes, perceived behavioural control and subjective norms. Additionally, the study explores how blockchain-based trust moderates the influence of perceived blockchain-related information transparency on these factors and the intention to purchase organic food.
Design/methodology/approach
Based on the theory of planned behaviour framework and a sample of 5,326 consumers, this study uses partial least squares structural equation modelling to test the research model.
Findings
This study finds that perceived blockchain-related information transparency directly enhances consumers’ attitudes towards organic food purchase, perceived behavioural control, subjective norms and intention to purchase organic food. Additionally, perceived blockchain-related information transparency indirectly affects consumers’ intention to buy organic food through three antecedents of the theory of planned behaviour model. Notably, these indirect effects were moderated by consumers’ blockchain-based trust.
Practical implications
This study provides recommendations for leveraging blockchain to enhance transparency and build trust, which could boost consumer engagement and organic food purchases.
Originality/value
This research contributes to blockchain literature by empirically examining the role of perceived blockchain-related transparency and blockchain-based trust in consumers’ purchasing decisions regarding organic food. It provides valuable insights into the consumer-centric benefits of blockchain technology. Furthermore, this study also contributes to the literature on organic food, particularly its promotion through blockchain technology.
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Han-Shen Chen and Ching-Tzu Chao
The purpose of this study was to explore Taiwanese consumers attitudes toward upcycled food as a viable and economically sustainable solution to food waste within the context of…
Abstract
Purpose
The purpose of this study was to explore Taiwanese consumers attitudes toward upcycled food as a viable and economically sustainable solution to food waste within the context of global environmental pressures caused by the food system. This study applied the theory of planned behavior (TPB) and the value-attitude-behavior (VAB) model to explore the factors shaping consumer behavior toward upcycled food.
Design/methodology/approach
A survey was conducted using convenience sampling to collect 295 valid responses from Taiwanese consumers. The questionnaire was designed to measure the relationships among dietary values, moral attitudes, subjective norms, perceived behavioral control and consumers intentions toward the consumption of upcycled food. The data were analyzed using statistical methods to verify the hypotheses derived from the TPB and VAB models.
Findings
The findings revealed that dietary values significantly influence moral attitudes, subjective norms and perceived behavioral control, highlighting their pivotal role in consumer behavior toward upcycled food. Moral attitudes, subjective norms, perceived behavioral control, perceived responsibility and thriftiness were positively associated with the intention to consume upcycled food, indicating the potential of these factors in fostering sustainable consumption practices.
Originality/value
This study is unique in its application of the TPB and VAB models to examine the acceptance of upcycled food among Taiwanese consumers, contributing fresh insights into the field of sustainable consumer behavior. This highlights the significance of aligning dietary values and moral attitudes of consumers with sustainable consumption practices, offering a new perspective on promoting upcycled food in Taiwan and potentially in other regions with similar cultural and environmental frameworks.
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Yuan Feng, Jing Zhang, Wei Han and Yongtao Luo
As China is on an inevitable march into the digital era, firms have accumulated abundant digital assets, such as algorithms and data. Facing the possibility of using digital…
Abstract
Purpose
As China is on an inevitable march into the digital era, firms have accumulated abundant digital assets, such as algorithms and data. Facing the possibility of using digital assets as a new type input, besides traditional inputs such as capital and labor, would powerful managers perform better? Would managerial power help managers increase the efficiency of how a firm combines traditional and digital inputs and converts them into outputs? Thus, the purpose of this study is to investigate whether powerful managers promotes corporate productivity by using digital assets as a new input.
Design/methodology/approach
Using data from listed Chinese firms between 2008 and 2020, the authors constructed panel regressions with three-way fixed effects to examine whether and how managerial power influences corporate productivity in the current digital context, particularly under market uncertainty.
Findings
The findings reveal no consistent relationship between managerial power and corporate productivity. The results explain this from two contrasting effects: while managerial power promotes technological change it hinders technical efficiency – two components of total productivity. Moreover, this study identifies market uncertainty as a significant external contingency. In uncertain markets, strong managerial power positively impacts corporate productivity.
Originality/value
The results extend extant theoretical insights in the literature on how managerial power might influence corporate productivity.
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Aditya Ranjan and Priya Chaturvedi
The digital era has revolutionized storytelling, creating intimate connections with audiences through diverse digital mediums. As a link between tradition and modernity, digital…
Abstract
The digital era has revolutionized storytelling, creating intimate connections with audiences through diverse digital mediums. As a link between tradition and modernity, digital storytelling enhances the conveyance of cultural values in our increasingly digitized world. Prioritizing user experience, customization, and seamless integration with social media, digital stories cater to physical and virtual tourists. The chapter explores the transformative impact of digital storytelling on heritage experiences and tourism. The chapter underscores how interactive storytelling immerses audiences, turning them passive observers into active participants. It emphasizes the need for rich, informative, and culturally sensitive content to preserve heritage essence. While storytelling's significance in tourism is acknowledged, comprehensive research on the implementation and impact of digital storytelling is imperative. Quality content curation is vital for effectively communicating cultural heritage. The chapter sheds light on the evolving landscape of digital storytelling and its nuanced influence on heritage tourism, stressing the ongoing necessity for thorough research in the domain.
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Shaoling Fu, Xianxian Hu, Chen Zhang and Zipeng Li
This study examines how production and environmental information transparency affect online consumer trust and their purchase intention for green agricultural products.
Abstract
Purpose
This study examines how production and environmental information transparency affect online consumer trust and their purchase intention for green agricultural products.
Design/methodology/approach
Using signaling theory, the study combines structural equation modeling (SEM) and necessary conditions analysis (NCA) to examine sufficiency and necessity. SEM analyzes the links between information transparency, online consumer trust and purchase intention, while NCA identifies the necessary conditions for building trust and purchase intentions among online consumers.
Findings
First, production information transparency improves general trust (GT), while environmental information transparency boosts both GT and swift trust (ST). Second, both GT and ST promote online consumers’ purchase intentions (OCPI). Third, production information transparency is necessary for GT, while environmental information transparency supports both GT and ST. Additionally, GT and ST are necessary conditions for OCPI. These findings indicate that production and environmental information transparency help enhance consumer trust, thereby increasing their purchase intentions.
Practical implications
The findings offer guidance for businesses in designing trust-building strategies and provide recommendations for policymakers on incentivizing transparency practices among green agricultural product producers.
Originality/value
This study extends signaling theory to the online consumption of green agricultural products. By combining SEM and NCA, it is the first to reveal the necessity and sufficiency conditions among production and environmental information transparency, trust and purchase intention.
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Weiting Wang, Yi Liao and Jiacan Li
The purpose of this study to improve the efficiency of customer acquisition and retention through the design of salary information disclosure mechanism.
Abstract
Purpose
The purpose of this study to improve the efficiency of customer acquisition and retention through the design of salary information disclosure mechanism.
Design/methodology/approach
This study develops a stylized game-theoretic model of delegating customer acquisition and retention, focusing on how firms choose delegation and wage information disclosure strategy.
Findings
The results confirm the necessity for enterprises to disclose salary information. When sales agents are risk neutral, firms should choose multi-agent (MA) delegation and disclose their wages. However, when agents are risk averse, firms may disclose the wages of acquisition agents or both agents in MA delegation, depending on the uncertainty of the retention market.
Originality/value
This paper contributes to the literature on delegation of customer acquisition and retention and demonstrates that salary disclosure can be used as a supplement to the incentive mechanism.